Description: High production costs and poor performance of biodegradable engine oil are expected to hamper the market growth during the forecast period, are also improved by complex processing technologies. Nevertheless, an increase in prominence for bio-lubricants and industrial growth in the Middle East & Africa region is expected to act as opportunities during the forecast period. In addition, it is a most demanding job to convince small scale farmers to use agricultural lubricants. Low capital is also an obstacle to the adoption of agricultural lubricants by small scale farmers as they tend to stick to conventional cost-friendly procedures.
Tag: Biodegradable Engine Oil Market