The bio lubricants market report presents optimistic growth outlook for 2022. The comprehensive report presents detailed insights and outlook of different bio lubricant types including plant based bio lubricants and animal based bio lubricants. Further, the historic and forecast bio lubricants market size across end-user industries including automotive and transportation, industrial sectors, along with detailed insights into companies operating in the bio lubricants industry are included. The report also provides analysis and outlook of Hydraulic Oils, Engine Oils, Process Oil, Base Oils, Others and forecasts of bio lubricants market size across 16 countries.

 

Bio Lubricants Market Statistics

• The global Bio-Lubricants Market Size stood at US$ 1.96 Billion in 2020 and is poised to register 4.93% growth over the forecast period from 2021 to 2028
• Plant based bio-lubricants are the largest type of Bio-Lubricants with 74.2% market share. Key types of vegetable oils include Soybean oil, Canola oil, Palm oil, Sunflower oil, and Others.   
• Among application segments, Automotive and transportation industry remains the dominant user of Bio-Lubricants in value terms, with a market share of 52.7% during 2020. Other applications of Bio-Lubricants include industrial sectors.
• Driven by government regulations and wide acceptance, Europe dominates the global Bio-Lubricants market with over 51.6% market share in value terms.
• Key market driving forces including strong demand from automotive industry, rapid industrialization rate in emerging markets, growing awareness towards energy efficiency, rise of biodegradable lubricant additives, potential advantages of bio-lubricants encouraging use across industries, R&D initiatives focuses on property enhancement, cost reduction and niche applications are identified among main market dynamics
• On the other hand, challenges associated with the presence of price volatility and cost of raw materials, and Bio lubricant uses are still limited compared to synthetic oil restrict market growth

 

Global Bio Lubricants Market Size Outlook, USD Billion, 2020- 2028

The global Bio-Lubricants market size is estimated to reach $2.9 Billion in 2028 from $1.96 Billion in 2020, at a CAGR of 4.93% between 2021 and 2028.

Bio Lubricants Industry Panorama, 2022

Bio-lubricants market is one of the potential growth markets with over 4.9% growth (CAGR) anticipated over the forecast period. Increasing consumer acceptance towards bio-based lubricants, government regulations, R&D activities supporting wider applications for bio-lubricants, and rapid industrialization in developing countries are shaping the market outlook.

The global bio-lubricants market is valued at around USD 1.96 billion and is characterized by large number of small- and large-scale players operating in the market. Despite strong competition from mineral oil-based substitutes in automotive and industrial applications, the demand for Bio-Lubricants continues to remain strong over the forecast period. We estimate around 4.9% Compounded Annual Growth Rate to be registered in the industry between 2021 and 2028. However, regional disparities do exist and the growth rates of different oil types also vary significantly based on geography.

Among geographies, Europe remains the dominant user of Bio-Lubricants, with over 51.6% market share. The dominant share of the region is largely driven by huge consumption volumes in Western European countries of Germany, France, the UK, Spain, Italy, and other markets. Further, North American market held market shares of 24.2% in the USD 1,960 million global vegetable market size.

Shifting consumer preferences, ease of brand switching, coupled with emphasis on quality, distribution efficiency, brand awareness and others remain key factors determining success for companies. Increasing competition among players and demand for advanced lubricant products and additives is encouraging companies to widely market Bio-Lubricants specific to individual applications.

 

Bio Lubricants Market Trends- Rise of Biodegradable Lubricant Additives

Mineral oil-based lubricants and additives pose challenges of high friction, emission of carbon dioxide and other residues, and have poor degradability. With countries across the world focusing on reducing carbon emissions, an increasing volume of companies are focusing on development of environment friendly, bio-degradable lubricants and additives. Vegetable oil, synthetic based oils with applications including chain saw oils, hydraulic fluids, outboard motor oils, saw mill oils and transformer fluids. However, challenges corresponding to cold-temperature use and storage restrict wide use of these natural lubricants. Accordingly, companies are investing significantly in overcoming the challenges of these products to market them at commercial scales for diverse applications.

 

Bio Lubricants Market Outlook by Type-

Bio Lubricants Market Report Segmentation

• Source Types
  • Plant Based
  • Animal Based
• Applications
  • Automotive and Transportation
  • Industrial
• Oil Types
  • Hydraulic Oils
  • Engine Oils
  • Process Oil
  • Base Oils
  • Others
• Regions
  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • Latin America

1.     TABLE OF CONTENTS. 2

List of Tables. 6

List of Figures. 8

 

2.     EXECUTIVE SUMMARY.. 11

Summary. 11

Bio-Lubricants Industry Outlook, 2020 – 2028. 12

Abbreviations. 13

 

3.     INTRODUCTION TO BIO-LUBRICANTS MARKET. 14

Market Segments - Types, Applications, and Regions. 14

Research Methodology. 15

 

4.     MACRO FACTORS SHAPING THE BIO LUBRICANTS MARKET OUTLOOK.. 16

Economic Factors 16

Demographic Factors. 17

 

5.     OVERVIEW OF THE BIO-LUBRICANTS MARKET. 18

Bio Lubricants Industry Panorama, 2022. 18

Bio Lubricants Companies Profiled in the Report 20

Bio Lubricants Market Dynamics. 20

Bio Lubricants Market Challenges. 23

Regional Analysis. 25

 

6.     TRENDS IN BIO-LUBRICANTS MARKET TYPES. 26

Largest Bio Lubricants Types. 26

Plant Based Bio Lubricants Market Size Outlook. 27

Animal Based Bio Lubricants Market Size Outlook. 29

 

7.     TRENDS IN BIO LUBRICANTS END USER INDUSTRIES. 30

Automotive and Transportation. 31

Industrial Sector 33

 

8.     GLOBAL BIO LUBRICANTS MARKET OUTLOOK ACROSS COVID-19 RECOVERY SCENARIOS. 35

Low Growth Scenario. 36

Reference Case Scenario. 36

High Growth Case Scenario. 37

 

9.     BIO-LUBRICANT TYPES. 38

Hydraulic Oils Market Size Outlook. 39

Engine Oils Market Size Outlook 40

Process Oils Market Size Outlook 41

Base Oils Market Size Outlook. 42

Others 42

 

10.   NORTH AMERICA BIO-LUBRICANTS MARKET ANALYSIS AND OUTLOOK.. 43

North America Bio Lubricants Market Size Outlook. 43

North America Bio Lubricants Market Trends and Opportunities. 45

Automotive and Transportation oil dominates the North American Bio-Lubricants Market 45

Plant Based Bio-Lubricants are the leading types of Bio-Lubricants in North America. 46

The US dominates the North American Bio-Lubricants Market 47

Market Outlook by Country. 48

United States Bio Lubricants Market Size Outlook. 48

Canada Bio Lubricants Market Size Outlook. 50

Mexico Bio Lubricants Market Size Outlook. 52

 

11.   EUROPE BIO-LUBRICANTS MARKET ANALYSIS AND OUTLOOK.. 54

Europe Bio Lubricants Market Size Outlook. 54

Europe Bio Lubricants Market Trends and Opportunities. 56

Plant Based Bio-Lubricants dominates the European Market 56

Industrial Customers are the leading consumers of Bio-Lubricants in Europe. 57

Germany dominates the European Bio-Lubricants Market 58

Market Outlook by Country. 59

Germany Bio Lubricants Market Size Outlook. 59

United Kingdom Bio Lubricants Market Size Outlook. 61

France Bio Lubricants Market Size Outlook. 63

Spain Bio Lubricants Market Size Outlook. 65

Italy Bio Lubricants Market Size Outlook. 67

Other Europe Bio Lubricants Market Size Outlook. 68

 

12.   ASIA PACIFIC BIO-LUBRICANTS MARKET ANALYSIS AND OUTLOOK.. 69

Asia Pacific Bio Lubricants Market Size Outlook. 69

Asia Pacific Bio Lubricants Market Trends and Opportunities. 71

Plant Based Bio-Lubricants dominate the Asia Pacific Market 71

Industry Segment is the leading consumers of Bio-Lubricants in Asia Pacific. 72

China dominates the Asia Pacific Bio-Lubricants Market 73

Market Outlook by Country. 74

China Bio Lubricants Market Size Outlook. 74

India Bio Lubricants Market Size Outlook. 76

Japan Bio Lubricants Market Size Outlook. 77

Australia Bio Lubricants Market Size Outlook. 78

Other Asia Pacific Bio Lubricants Market Size Outlook. 79

 

13.   LATIN AMERICA BIO-LUBRICANTS MARKET ANALYSIS AND OUTLOOK.. 80

Latin America Bio Lubricants Market Size Outlook. 80

Latin America Bio Lubricants Market Trends and Opportunities. 81

Plant Based Bio-Lubricants dominate the Latin American Market 81

Industry is the leading consumers of Bio-Lubricants in Latin America. 82

Brazil dominates the Latin America Bio-Lubricants Market 83

Market Outlook by Country. 84

Brazil Bio Lubricants Market Size Outlook. 84

Argentina Bio Lubricants Market Size Outlook. 85

Rest of Latin America Bio Lubricants Market Size Outlook. 86

 

14.   MIDDLE EAST AND AFRICA BIO-LUBRICANTS MARKET ANALYSIS AND OUTLOOK.. 87

Middle East and Africa Bio Lubricants Market Size Outlook. 87

Middle East and Africa Bio Lubricants Market Trends and Opportunities. 89

Plant based Bio-Lubricants dominates the Middle East and Africa Market 89

Industry is the leading consumers of Bio-Lubricants in Middle East and Africa. 90

Middle East dominates the MEA Bio-Lubricants slices Market 91

Market Outlook by Country. 92

Middle East Bio Lubricants Market Size Outlook. 92

Africa Bio Lubricants Market Size Outlook. 93

 

15.   COMPETITIVE LANDSCAPE 94

FUCHS PETROLUB SE.. 94

ExxonMobil Corporation. 101

Chevron Corporation. 108

Royal Dutch Shell Plc. 116

TotalEnergies S.E.. 124

 

16.   APPENDIX.. 132

About USD Analytics. 

Sources and Research Methodology. 

Copyright 

Sample Request