Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the South America Bio-Lubricants Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.
The South America Bio-Lubricants market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the South America Bio-Lubricants Market are TENSAC, Petronas Petroleo Brasil Ltd, FUCHS LUBRIFICANTES DO BRASIL LTD, Klüber Argentina, BIOLUB QUÍMICA LTDA., TotalEnergies EP Brasil, Shell Brasil Petróleo Ltd, ExxonMobil Paulínia, Castrol Argentina. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.
TENSAC: TENSAC is a leading company in the field of sustainable chemistry, offering bio-based solutions for various industries and markets. With more than 30 years of experience, TENSAC has a vision of “Efficient and Sustainable Production”, which aims to create a positive impact on the environment, society, and economy throughout the value chain. TENSAC’s products are 100% biodegradable and comply with the highest quality standards. TENSAC’s portfolio includes solutions for the sugar, textile, bio-lubricant, construction, paper, leather, paint, agricultural, food, and cosmetic industries.
TENSAC’s solutions are designed to meet the specific needs of its clients, providing them with innovative, efficient, and cost-effective alternatives.
Biolub Química Ltd: Biolub Química is a 100% Brazilian company that specializes in manufacturing biodegradable industrial lubricants and chemical specialties. Founded in 2000, Biolub Química has grown from a small company with a line of only 8 items to a successful enterprise with more than 200 products. Biolub Química’s products include maintenance products, industrial oils, and biodegradable lubricants that are suitable for various applications, such as industrial lubrication, degreasing, and corrosion prevention. Biolub Química’s main clients are metallurgical industries that require high-quality and eco-friendly lubricants for their operations.
Biolub Química is committed to innovation and sustainability, aiming to provide solutions that meet the needs of its customers and the environment.
The trend of business expansion is accelerating in bio-lubricants market in South America, for instance, Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, has made a significant move in the Brazilian oil industry by finalizing the Production Sharing Contract (PSC) to acquire a 25 percent stake in the Atapu field. The acquisition, formalized through a $1.1 billion payment to Petrobras, marks a substantial investment by Shell in the region.
