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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Biolubricants Market: By Base Oil, By Application, By End User, Commercial Transport, Consumer Automobile) and Geography
Biolubricants Market: By Base Oil, By Application, By End User, Commercial Transport, Consumer Automobile) and Geography
Biolubricants Market size was valued at US$ 1,950 million in 2023 and is expected to reach a value of US$ 2,725.6 million by 2030, growing at a significant CAGR of 4.9% from 2024-2030. The global market provides a detailed overview of the market and that can be segmented by base oil, application, and end user. By base oil, the market has been segmented into vegetable oil, animal fat, and others (synthetic ester). The vegetable oil segment is likely to be the largest and fastest-growing segment in terms of base oil. Based on application, the market is segmented into hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases, and others (transformer oils, refrigeration fluids, and textile machinery oils). Among these, the metalworking fluids segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end-user, the market is segregated into industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical), commercial transport, and consumer automobile. Among these, the industrial segment is expected to have the fastest-growing market during the forecast period 2022-2028.
Study Period
2024-2030Base Year
2023CAGR
4.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increased R&D efforts by key players, together with technical advancements, are projected to open up new lubricant application options. Furthermore, the industry is being fueled by an increase in the availability of high-performance, cost-competitive green base oils, which are being driven by government requirements. Along with these considerations, the primary drivers of lubricant demand are growing environmental concerns and severe regulatory regulations, over the use of synthetic lubricants.
Asia Pacific market is expected to witness the highest market share during the forecast period. Automobile spending and industrialization are likely to rise further as a result of favorable government laws and low labor costs. Furthermore, a shift in the trend toward more efficient, sustainable automobiles is expected to improve bio lubricant production and consumption in the region. Over the projection period, regional demand is expected to be supplemented by expenditures in innovation and R&D to promote novel lubricant applications.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1,950 million |
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Market Size in 2030 |
US$ 2,725.6 million |
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Market CAGR |
4.9% |
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By Base Oil |
|
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By Application |
|
|
By End User |
|
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By Region |
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Download Free Sample Report
biolubricants Market size was valued at US$ 1,950 Mn in 2023 and is set to reach a value of US$ 2,725.6 Mn by 2030, growing at a significant CAGR of 4.9%.
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The market key players are Binol Lubricants, BP, Cargill Inc, Chevron & British Petroleum, Emery Oleochemicals, ExxonMobil, FUCHS Group, Panolin AG, Royal Dutch Shell, Total S.A
| 1.Executive Summary |
| 2.Global Biolubricants Market Introduction |
| 2.1.Global Biolubricants Market - Taxonomy |
| 2.2.Global Biolubricants Market - Definitions |
| 2.2.1.Base Oil |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Biolubricants Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Biolubricants Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Biolubricants Market By Base Oil, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Vegetable oil |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Animal fat |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others (synthetic ester) |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Biolubricants Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Hydraulic oil |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Metalworking fluids |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Chainsaw oil |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Mold release agents |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Two-cycle engine oils |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Gear oils |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Greases |
| 6.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7.Global Biolubricants Market By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical) |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Commercial Transport |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Consumer Automobile |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Biolubricants Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Biolubricants Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Base Oil Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Vegetable oil |
| 9.1.2.Animal fat |
| 9.1.3.Others (synthetic ester) |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Hydraulic oil |
| 9.2.2.Metalworking fluids |
| 9.2.3.Chainsaw oil |
| 9.2.4.Mold release agents |
| 9.2.5.Two-cycle engine oils |
| 9.2.6.Gear oils |
| 9.2.7.Greases |
| 9.2.8.Others |
| 9.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical) |
| 9.3.2.Commercial Transport |
| 9.3.3.Consumer Automobile |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Biolubricants Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Vegetable oil |
| 10.1.2.Animal fat |
| 10.1.3.Others (synthetic ester) |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Hydraulic oil |
| 10.2.2.Metalworking fluids |
| 10.2.3.Chainsaw oil |
| 10.2.4.Mold release agents |
| 10.2.5.Two-cycle engine oils |
| 10.2.6.Gear oils |
| 10.2.7.Greases |
| 10.2.8.Others |
| 10.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical) |
| 10.3.2.Commercial Transport |
| 10.3.3.Consumer Automobile |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Biolubricants Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Vegetable oil |
| 11.1.2.Animal fat |
| 11.1.3.Others (synthetic ester) |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Hydraulic oil |
| 11.2.2.Metalworking fluids |
| 11.2.3.Chainsaw oil |
| 11.2.4.Mold release agents |
| 11.2.5.Two-cycle engine oils |
| 11.2.6.Gear oils |
| 11.2.7.Greases |
| 11.2.8.Others |
| 11.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical) |
| 11.3.2.Commercial Transport |
| 11.3.3.Consumer Automobile |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Biolubricants Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Vegetable oil |
| 12.1.2.Animal fat |
| 12.1.3.Others (synthetic ester) |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Hydraulic oil |
| 12.2.2.Metalworking fluids |
| 12.2.3.Chainsaw oil |
| 12.2.4.Mold release agents |
| 12.2.5.Two-cycle engine oils |
| 12.2.6.Gear oils |
| 12.2.7.Greases |
| 12.2.8.Others |
| 12.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical) |
| 12.3.2.Commercial Transport |
| 12.3.3.Consumer Automobile |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Biolubricants Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Base Oil Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Vegetable oil |
| 13.1.2.Animal fat |
| 13.1.3.Others (synthetic ester) |
| 13.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Hydraulic oil |
| 13.2.2.Metalworking fluids |
| 13.2.3.Chainsaw oil |
| 13.2.4.Mold release agents |
| 13.2.5.Two-cycle engine oils |
| 13.2.6.Gear oils |
| 13.2.7.Greases |
| 13.2.8.Others |
| 13.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical) |
| 13.3.2.Commercial Transport |
| 13.3.3.Consumer Automobile |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Binol Lubricants |
| 14.2.2.BP |
| 14.2.3.Cargill Inc. |
| 14.2.4.Chevron & British Petroleum |
| 14.2.5.Emery Oleochemicals |
| 14.2.6.ExxonMobil |
| 14.2.7.FUCHS Group |
| 14.2.8.Panolin AG |
| 14.2.9.Royal Dutch Shell |
| 14.2.10.Total S.A |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.