Food Grade Lubricants Market is estimated to be US$ 487.2 Million by 2032 with a CAGR of 7.5% over the forecast period (2022-2032)
Food-grade or food-safe lubricant is the name given to any
industrial lubricant that is considered safe for casual contact with objects
used by humans or animals, as long as it does not exceed a certain
concentration. Items that require food-grade lubricants for production include
food, beverages, drugs and supplements, cosmetics, animal feed and pet food.
Food grade lubricants are used during the manufacturing process of these items,
they are considered safe for most casual use. Accidental contact is usually
inadvertent and may occur through dripping contact or spillage, to be
considered incidental, post-contact lubricants may not exceed 10 parts per
million. The food processing industry presents unique challenges to
lubricant formulation engineers, lubricant marketers, plant lubricant engineers
and equipment designers, but it is never desirable to allow lubricants to
contaminate raw materials, in-process or finished products, the consequences of
which are rarely more severe in the food processing industry. As such, the
lubricants used in this industry have requirements, protocols and performance
expectations that go beyond typical industrial lubricants. Companies in the
food, pharmaceutical, beverage and many industries that manufacture consumer
products, whether manufacturing or packaging, must maintain the highest level
of hygiene and safety standards. These components require cleanliness, a
sterile environment, and regular lubrication for cleanliness. In such
industries the use of lubricants with harmful chemicals causes many health
problems, occasionally to reduce these risks associated with trace
contamination, food grade lubricants are formulated. Using the right lubricants
increases equipment life and productivity levels, choosing between mineral and
synthetic based lubricants plays an important role in extending equipment life,
reducing maintenance costs and reducing the need for frequent lubrication of
bearings and gear components. Food grade lubricants are special products used
in applications where food or drink may come into contact, these products must
perform all the duties of regular lubricants and also meet certain guidelines
for food safety. There are three different classifications of food grade
lubricants namely H1, H2 and H3. H1 lubricants are food-grade lubricants used
in food processing environments where incidental food contact is likely. H2
lubricants are food-grade lubricants used on equipment and machine parts in
non-contact areas, H3 lubricants are food-grade lubricants, especially used to
prevent corrosion on food oils, hooks, trolleys and similar equipment.
Increasing applications in the food and beverage industry and increasing food
safety regulations are expected to drive the market growth during the forecast
period. However, Food-grade lubricants are used in manufacturing units of
processed food, thus, increase in demand for processed food will drive the
market growth during the forecast period.
The report “Food Grade Lubricants Market, By Product Type
(Synthetic Oil (PAO, PAG, Others), Mineral Oil, Bio-Based), By Form (Oil and
Grease), By Application (Food (Bakery, Dairy, Sugar, Meat, Poultry &
Seafood, Animal Feed, Others), Beverages (Carbonated Soft Drinks, Fruit
Beverages, Sports Drinks, Alcoholic Beverages, Others), Pharmaceuticals and
Cosmetics, Others), and By Region (North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa) - Trends Analysis and Forecast till 2032
“
Key Highlights:
·
In January
2022, TotalEnergies has joined NEXTLOOPP, an initiative bringing together 48
companies in the plastics value chain that aims to produce food-grade recycled
polymers through advanced mechanical recycling.
·
In January
2022, Petro-Canada announced the launch of PURITY FG synthetic compressor
fluid, a new addition to their extensive line of food-grade lubricants, greases
and specialty fluids. PURITY FG Synthetic Compressor Fluid is a synthetic
PAO-based product, scientifically formulated with selective additives and
proven to protect against wear, oxidation, rust and corrosion while also
providing a wider temperature performance.
·
In February 2022, leading
lubricant manufacturer, METALUBE is pleased to announce the launch of its next
generation food safe NSF registered high-performance chain oil. The new
products are specifically designed with high thermal stability, reduced carbon
and varnish deposits and optimized performance-enhancing additives.
Analyst View:
Lubricants reduce friction and prevent premature
wear of machinery, good lubricants ensure less maintenance, lower energy
consumption, increased productivity and longer life of your assets. In addition
to extending the life of your machine, using the right lubricant will give you
more benefits, and food-grade lubricants are also designed to extend and
protect your key assets from ailments such as rust, corrosion, and abrasion,
and are extremely important. This eliminates the risk of food contamination.
Food-grade lubricants such as oils and greases certified NSF H1 or INS must
meet specific criteria related to food compatibility. After a spill, overflow
or lubrication failure, there is a possibility of accidental contact with the
food being produced and thus the complete safety of the food being produced.
Innovation in the Food Grade Lubricants Market is increasing worldwide, driven
by technological developments in Food Grade Lubricants products that are more
efficient to use.
To know the upcoming trends and insights
prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Food-Grade-Lubricants-Market-5049
Key Market Insights from the report:
Food Grade Lubricants Market accounted for US$
282.9 Million in 2022 and is estimated to be US$ 487.2 Million by 2032 and is
anticipated to register a CAGR of 7.5%. The Food Grade Lubricants Market
is segmented based on Product Type, Form, Application and Region.
·
Based on Product type, the Food
Grade Lubricants Market is segmented into Synthetic Oil (PAO, PAG, Others),
Mineral Oil, Bio-Based.
·
Based on form, the target
market is classified into Oil and Grease.
·
Based on application, the
target market is classified into Food (Bakery, Dairy, Sugar, Meat, Poultry
& Seafood, Animal Feed, Others), Beverages (Carbonated Soft Drinks, Fruit
Beverages, Sports Drinks, Alcoholic Beverages, Others), Pharmaceuticals and
Cosmetics, Others.
·
By Region, the
Food Grade Lubricants Market is segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies
of Food Grade Lubricants Market:
The prominent players operating in the Food Grade Lubricants
Market includes, ExxonMobil Corporation, TotalEnergies SE,
Petro-Canada Lubricants Inc., DOW Chemical Company, Chevron Corporation, Royal
Dutch Shell, Lanxess Corporation, BP Plc, and SKF GmbH, IIIinois Tools Works
Inc, Kluber Lubrication Munchen SE & Co. KG. The market provides detailed
information regarding the industrial base, productivity, strengths,
manufacturers, and recent trends which will help companies enlarge the
businesses and promote financial growth. Furthermore, the report exhibits
dynamic factors including segments, sub-segments, regional marketplaces,
competition, dominant key players, and market forecasts. In addition, the
market includes recent collaborations, mergers, acquisitions, and partnerships
along with regulatory frameworks across different regions impacting the market
trajectory. Recent technological advances and innovations influencing the
global market are included in the report.
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