The global Bio-Lubricants Market was valued at USD 2.31 billion in 2021, with a CAGR of 4.9% predicted over the forecast period 2023-2030
Triglyceride esters generated from animal and plant oils are used to make bio-based lubricants, which are manufactured with renewable and biodegradable base stocks. They can be made from a variety of natural sources, including low-grade and solid fats, as well as waste materials, but they are mostly made from vegetable oils. When bio-based lubricants are used instead of mineral oils, pollution is reduced.
The demand for more environmentally friendly alternatives to synthetic lubricants is driving the global market for Bio Lubricants. Additionally, one of the main causes for the expansion of bio-based lubricants is the increasing regulatory pressure on synthetic lubricants.
On the negative side, one of the primary barriers to the growth of the Bio Lubricants market is higher pricing. The cost of a bio-based lubricant is 1.5 to 2 times that of a mineral oil lubricant, making market penetration a major concern. A key roadblock to the expansion of the Bio Lubricants market, particularly in emerging nations, is a lack of public understanding about the benefits of bio-based lubricants.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Base Oil, Application, End-use Industry, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Royal Dutch Shell, Exxon Mobil, British Petroleum, Chevron, Castrol, Total, United Bio Lube, and Statoil Lubricants. |
Covid-19 Impact on Bio Lubricants Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Bio Lubricants Market Segment Overview
According to Base Oil, the Vegetable Oil segment is expected to be the largest market for bio-lubricants. The vegetable oil segment's leading market position can be due to its high biodegradability, low toxicity, and high lubricity. The abundance of vegetable oil seeds, which are utilized as raw materials, can also be contributed to the growth. Moreover, the Industrial segment is projected to be the largest end-user of bio-lubricants. The marine industry, as well as agriculture and construction, are included in the industrial segment. These are the two industries that use the most bio-lubricants.
Bio Lubricants Market, By Base Oil
· Vegetable oil
· Animal fat
· Others
Bio Lubricants Market, By Application
· Automotive Oils
· Hydraulic Oil
· Process Oil
· Demolding Oils
· Lubricating Greases
· Others
Bio Lubricants Market, By End-use Industry
· Industrial
· Commercial Transport
· Consumer Automobile
Bio Lubricants Regional Overview
The global Bio Lubricants market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds the largest share of the global Bio Lubricants market. Europe is the second largest region for the global market. According to the analysis, Germany will continue to play a significant role in increasing bio lubricant demand in the European market in the coming years. Furthermore, the market in the Asia Pacific is expected to grow at a considerable rate in the coming years.
Bio Lubricants Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Bio Lubricants Market, Key Players
· Royal Dutch Shell
· Exxon Mobil
· British Petroleum
· Chevron
· Castrol
· Total
· United Bio Lube
· Statoil Lubricants
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Bio Lubricants market?
Q2. What are the restraining factors for the global Bio Lubricants market?
Q3. Which segment is projected to hold the largest share in the global Bio Lubricants market?
Q4. Which region holds the largest share in the global Bio Lubricants market?
Q5. Which are the prominent players in the global Bio Lubricants market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Bio Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Base Oil
- 5.2.1. Vegetable oil
- 5.2.2. Animal fat
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Automotive Oils
- 5.3.2. Hydraulic Oil
- 5.3.3. Process Oil
- 5.3.4. Demolding Oils
- 5.3.5. Lubricating Greases
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By End-use Industry
- 5.4.1. Industrial
- 5.4.2. Commercial Transport
- 5.4.3. Consumer Automobile
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Bio Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Base Oil
- 6.2.1. Vegetable oil
- 6.2.2. Animal fat
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Automotive Oils
- 6.3.2. Hydraulic Oil
- 6.3.3. Process Oil
- 6.3.4. Demolding Oils
- 6.3.5. Lubricating Greases
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By End-use Industry
- 6.4.1. Industrial
- 6.4.2. Commercial Transport
- 6.4.3. Consumer Automobile
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Bio Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Base Oil
- 7.2.1. Vegetable oil
- 7.2.2. Animal fat
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Automotive Oils
- 7.3.2. Hydraulic Oil
- 7.3.3. Process Oil
- 7.3.4. Demolding Oils
- 7.3.5. Lubricating Greases
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By End-use Industry
- 7.4.1. Industrial
- 7.4.2. Commercial Transport
- 7.4.3. Consumer Automobile
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Bio Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Base Oil
- 8.2.1. Vegetable oil
- 8.2.2. Animal fat
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Automotive Oils
- 8.3.2. Hydraulic Oil
- 8.3.3. Process Oil
- 8.3.4. Demolding Oils
- 8.3.5. Lubricating Greases
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By End-use Industry
- 8.4.1. Industrial
- 8.4.2. Commercial Transport
- 8.4.3. Consumer Automobile
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Bio Lubricants Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Base Oil
- 9.2.1. Vegetable oil
- 9.2.2. Animal fat
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Automotive Oils
- 9.3.2. Hydraulic Oil
- 9.3.3. Process Oil
- 9.3.4. Demolding Oils
- 9.3.5. Lubricating Greases
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By End-use Industry
- 9.4.1. Industrial
- 9.4.2. Commercial Transport
- 9.4.3. Consumer Automobile
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Royal Dutch Shell
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Exxon Mobil
- 10.6. British Petroleum
- 10.7. Chevron
- 10.8. Castrol
- 10.9. Total
- 10.10. United Bio Lube
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
