- Vegetable oil
- Animal fat
- Others (synthetic ester)
Biolubricants Market size is valued at USD 1,950 million in 2022 and is expected to reach a value of USD 2,725.6 million by 2028, growing at a significant CAGR of 4.9% from 2023-2029. The global market provides a detailed overview of the biolubricants market and that can be segmented by base oil, application, and end user. By base oil, the biolubricants 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 biolubricants 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.
Biolubricants Market Key Developments:
- In Dec 2021, RSC Bio Solutions partnered with Standard Sekiyu Osaka Hatsubaisho Co., Ltd (SSOH)
Biolubricants Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.9%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Biolubricants Market Dynamics
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 Got Significant Share
Biolubricants Market Regional Analysis
By region, the 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
Key Features of the Reports
- The biolubricants market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The biolubricants market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The biolubricants market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The biolubricants market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The biolubricants market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Biolubricants Market Segmentation
By Base Oil
By Application
- Hydraulic oil
- Metalworking fluids
- Chainsaw oil
- Mold release agents
- Two-cycle engine oils
- Gear oils
- Greases
- Others
By End User
- Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical)
- Commercial Transport
- Consumer Automobile
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Frequently Asked Questions
The biolubricants market size was valued at USD 1,950 million in 2022.
The biolubricants market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The biolubricants 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, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Vegetable oil |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Hydraulic oil |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical) |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Base Oil Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 |
- Binol Lubricants
- BP
- Cargill Inc.
- Chevron & British Petroleum
- Emery Oleochemicals
- ExxonMobil
- FUCHS Group
- Panolin AG
- Royal Dutch Shell
- Total S.A