1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024Low Power Wide Area Network Food Grade Lubricant Market Trends, Challenges and Growth Drivers Analysis 2024: Global Market Insights Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  North America, led by the U.S. food grade lubricant market size, may witness significant growth. Positive outlook towards processed and convenient feed consumption towing to rise in consumer health consciousness should drive regional growth. Favorable government norms and regulations by FDA and USDA regarding its usage may drive industry growth.  As per USDA standards, food grade lubricant are designated as H1, H2, and H3. H1 is used in feed processing industry. H2 are used on machine parts and equipment. H3 id mainly used in edible oils which prevent rust on trolley and hooks.  Haynes has introduced silicone spray products which is used to minimize cleanup time for meal processing and packaging equipment. It is colorless, non- toxic and heat resistant and rated as H1. Regional Analysis of Food Grade Lubricant Market:

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Europe, driven by UK, Italy, France and Germany food grade lubricant market size, may witness highest growth rate over the foreseeable future. Strict safety regulations along with development of new techniques and awareness among manufacturers regarding safety and lubricants should have positive influence on regional growth.  Asia Pacific led by Japan, South Korea, India and China food grade lubricant market may witness significant growth. Growing food & beverage industry along with rising consumer safety consciousness and developing regulations are likely to promote regional industry growth. Regional Analysis of Food Grade Lubricant Market:

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Global pharmaceutical industry may exceed USD 1.2 trillion with gains at over 6.5% by 2024. Increasing R&D spending on products innovation along with rise in prevailing health concerns is likely to drive pharmaceutical industry growth. Lubricants are primarily used to reduce friction, protect equipment from corrosion and for tablet compression. It finds application in sanitary equipment design standard along with strict government regulatory norms by NSF international, FDA, USDA and CFR should promote food grade lubricant demand.  Mineral oil accounts for highest volume in food grade lubricant market share and may witness steady gains. It is widely used in cosmetics and pharmaceutical industry due to easy availability, compatibility and low cost. Positive outlook towards cosmetic or personal care products towing to rise in lipstick, eyeshadow and other skincare products should drive industry growth. Application Analysis of Food Grade Lubricant Market:

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Global food grade lubricant market share is moderately consolidated. Prominent players operating in this industry are Total S.A, Fuchs Petrolub SE, Petro Canada, Illinois Tool Works, Jax, Exxon Mobil Corporation and Chemtura Corporation. Other industrial particiapnts includeRoyal Purple, BP PLC, Haynes Manufacturing, Clarion, AB SKF, Kluber Lubrication Munchen SE & CO, Huskey Speciality and Lubricating Specialties Company. Competitive Market Share of Food Grade Lubricant Market:

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