Global Bio-lubricants Market

Global Bio-lubricants Market by Raw Material (Vegetable oil, and Animal fat), by Application (Automotive (Automotive Engine Oils, Gear Oils, Hydraulic Oils, Transmission Fluids, Greases, Chainsaw Oils), Industrial (Process Oils, Demolding Oils, Industrial Gear Oils, Industrial Greases, Metal Working Fluids)), by End-User Industry (Industrial, Commercial Transportation, and Consumer Automotive) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Global Bio-lubricants Market Overview:

As an alternative to petroleum-based products, the most prominent feature of bio-lubricants is that they are biodegradable and have less impact on the environment after a leak. They can be non-toxic, which reduces the damage to operators, animals, or plants in contact with them to some extent. They are also renewable energy sources, thereby reducing dependence on petrochemical energy sources. In recent years, environmental law enforcement agencies have increased the pressure and cost of oil and lubricant leakage. Many equipment operators are using or considering the use of environmentally safe lubricant products, and bio-based and biodegradable lubricants have attracted increasing attention. Bio-based lubricating oil bases have a wide range of sources, and they have in common that they are readily biodegradable.

Global Bio-lubricants Market Insights

The global bio-lubricants market size value at USD 2.02 billion in 2019 and projected to reach USD 2.66 billion by 2027, registering a CAGR of 3.43%, during the forecast period, 2020-2027. The rise in passenger car sales in emerging economies is a vital factor estimated to fuel the global Bio-lubricants market in future periods. Moreover, increasing environmental awareness, adoption of stringent regulations, and growing acceptance of bio-lubricants in industries will impact the growth of the bio-lubricants market in the upcoming periods. The growth of the market can be attributed to the growing environmental concern and stringent government regulations, especially in Europe and North America. Additionally, the surge in regulatory pressure on synthetic lubricants will accelerate market demand for the global bio-lubricants industry.

Further, the various benefits of bio-lubricants, such as the reduction in energy usage, improved environmental conditions, increased machine life, and increased production, are propelling the growth of the market in the forecast span. Also, the growing demand for more environment-friendly alternatives to synthetic lubricants will trigger the growth of the market. Additionally, the surge in the application of bio-lubricants in the marine, forestry, agriculture industry will boost the growth of the bio-lubricants market. Furthermore, the expansion of the automotive sector, particularly in emerging economies such as India, China, South Africa & Brazil, is anticipated to drive the consumption of sustainable products, which will augment the growth of the market.

Growth Driver

Growing demand for bio-lubricants with biodegradability and lower emission levels

The raw materials of bio-based products are mostly non-toxic chemicals, such as sulfates (zinc, calcium) and other heavy metals, which are almost non-toxic after being formulated. The biodegradable petroleum lubricants are ashless additive systems and are less toxic than petroleum-based lubricants. Lubricating oils that are easily biodegradable can degrade more than 60% within 28 days, and most mineral oils do not fall into this category. It Strengthens fatty, high-grade heat resistance and does not contain toxic ingredients.

The surge in demand for plant-based lubricants

Bio-based products are easily hydrolyzed and acidified, which can easily cause additives to precipitate and cause unstable oxidation. However, new-improved plant-based raw materials, including the use of low-oleic acid rapeseed oil, high-oleic acid soybeans, and the use of improved low-temperature castor oil, improved additive chemistry, and formulation technology, can develop similar performance and better than conventional petroleum-based liquid biodegradable products.

Impact of Covid-19 Insights

Recently, the outbreak, the COVID-19 pandemic, has adversely impacted the manufacturing activities and the supply chain of renewable chemicals. Furthermore, current disruption in trade shall impact the availability of oil reserves around the world. The environmental issues associated with the use of petroleum products in various developed like the USA and Europe will spur the demand for renewable, non-toxic, economical, and environmentally friendly oil in the near future.

Raw Material Segmental Analysis

Based on raw material, the global bio-lubricants market classified into vegetable oil and animal fat. The vegetable oil will witness significant growth in the forecast period. The growth of this segment can be attributed to vegetable oil has high biodegradability, less toxic, and high lubricity along with the abundant availability of vegetable oil seeds, which are used as raw materials.

Animal fat is projected to grow with a significant CAGR for bio-lubricants in the estimated period due to the growing adoption of animal oil in the sector that utilizes petrochemical lubricants such as healthcare.

Application Segmental Analysis

Based on application, the global bio-lubricants market segregated into Automotive (Automotive Engine Oils, Gear Oils, Hydraulic Oils, Transmission Fluids, Greases, Chainsaw Oils), and Industrial (Process Oils, Demolding Oils, Industrial Gear Oils, Industrial Greases, Metal Working Fluids). The automotive segment held a lucrative share in 2019 and projected to dominate the global bio-lubricants market by 2027. It is due to the rise in demand for automotive engine oil as bio-based engine oils have a higher inherent biodegradation rate and low toxicity to aquatic organisms.

The industrial segment will occupy the lucrative CAGR during the forecast period owing to the surge in demand for process oil in technical & chemical industries to improve production processes.

End-Use Industry Segmental Analysis

Based on the end-use industry, the global bio-lubricants market segregated into industrial, commercial transportation, and consumer automotive. The industrial held higher market potential in 2019. It is attributable to the growing demand for bio-lubricants oil in the marine industry and agriculture & construction industry, and the various government has made mandatory for shipping vessels to use bio-lubricants.

The consumer automotive segment exhibits a lucrative market share in 2019 and expected to generate significant revenue during 2020-2027 due to the rising passenger car sales in emerging economies and demand for advanced technologies & performance-enhancing fuel.

Region Segmental Analysis

Based on geography, the global bio-lubricants market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe estimated to occupy the lion’s share in the global bio-lubricants market by 2027. It is owing to stringent regulations, and the ongoing transition towards bioeconomy in countries such as the UK, Germany, Italy, Benelux, and France will spur the growth of bio-lubricants products in the region.

North America will capture a prominent share of the bio-lubricants market and projected to remain dominant by 2027. Owing to the major consumer of bio-lubricants, the growth of the automotive industry in the U.S. & Canada, coupled with regulatory intervention for using minimum renewable content for various products, will trigger the growth of bio-lubricants in the region.

Competitor Analysis

Companies such as ExxonMobil, Royal Dutch Shell, Total S.A, Cargill, BP, Emery Oleochemicals, FUCHS Group, Panolin, Kluber Lubrication, UBL, Shell, Chevron Corporation, Castrol, Statoil Lubricants, Binol Lubricants, Rsc Bio Solutions, Carl Bechem, Vickers Oil, Renewable Lubricants, and Polnox Corporation are the key players in the global bio-lubricants market.

Key Stakeholders

  • Market research and consulting firms
  • Industry associations
  • Global Bio-lubricants manufacturing firm
  • Research organizations and consulting companies
  • Organizations, associations, and alliances related to bio-lubricants
  • Regulatory bodies
  • Suppliers
  • Retailers

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Raw Material

  • Vegetable oil
  • Animal fat & Oil

By Application

  • Automotive
    • Automotive Engine Oils
    • Gear Oils
    • Hydraulic Oils
    • Transmission Fluids
    • Greases
    • Chainsaw Oils
  • Industrial
    • Process Oils
    • Demolding Oils
    • Industrial Gear Oils
    • Industrial Greases
    • Metal Working Fluids

By End-User Industry

  • Industrial
    • Marine,
    • Mining & Metallurgy
    • Energy & power
    • Food
    • Pharmaceutical
    • Others
  • Commercial Transportation
  • Consumer Automotive

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Bio-lubricants Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Supply Chain Analysis
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Technological Landscape
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Bio-lubricants Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Market Share & Forecast, 2016-2027
        • By Raw Material
          • Vegetable oil
          • Animal Fat & Oil
        • By Application
          • Automotive
            • Automotive Engine Oils
            • Gear Oils
            • Hydraulic Oils
            • Transmission Fluids
            • Greases
            • Chainsaw Oils
          • Industrial
            • Process Oils
            • Demolding Oils
            • Industrial Gear Oils
            • Industrial Greases
            • Metal Working Fluids
          • By End-User Industry
            • Industrial
              • Marine
              • Mining & Metallurgy
              • Energy & power
              • Food
              • Pharmaceutical
              • Others
            • Commercial Transportation
            • Consumer Automotive
          • By Region
            • North America
            • Europe
            • Asia Pacific
            • South America
            • Middle East & Africa
  1. North America Bio-lubricants Market Overview
    • North America Bio-lubricants Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • North America Bio-lubricants Market Share & Forecast, 2016-2027
        • By Raw Material
          • Vegetable oil
          • Animal Fat & Oil
        • By Application
          • Automotive
            • Automotive Engine Oils
            • Gear Oils
            • Hydraulic Oils
            • Transmission Fluids
            • Greases
            • Chainsaw Oils
          • Industrial
            • Process Oils
            • Demolding Oils
            • Industrial Gear Oils
            • Industrial Greases
            • Metal Working Fluids
          • By End-User Industry
            • Industrial
              • Marine
              • Mining & Metallurgy
              • Energy & power
              • Food
              • Pharmaceutical
              • Others
            • Commercial Transportation
            • Consumer Automotive
          • By Country
            • US
            • Canada
            • Mexico
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on North America Bio-lubricants Market
  1. Europe Bio-lubricants Market Overview
    • Europe Bio-lubricants Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Europe Bio-lubricants Market Share & Forecast, 2016-2027
        • By Raw Material
          • Vegetable oil
          • Animal Fat & Oil
        • By Application
          • Automotive
            • Automotive Engine Oils
            • Gear Oils
            • Hydraulic Oils
            • Transmission Fluids
            • Greases
            • Chainsaw Oils
          • Industrial
            • Process Oils
            • Demolding Oils
            • Industrial Gear Oils
            • Industrial Greases
            • Metal Working Fluids
          • By End-User Industry
            • Industrial
              • Marine
              • Mining & Metallurgy
              • Energy & power
              • Food
              • Pharmaceutical
              • Others
            • Commercial Transportation
            • Consumer Automotive
          • By Country
            • Germany
            • UK
            • France
            • Italy
            • Rest of Europe
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Europe Bio-lubricants Market
  1. Asia Pacific Bio-lubricants Market Overview
    • Asia Pacific Bio-lubricants Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Asia Pacific Bio-lubricants Market Share & Forecast, 2016-2027
        • By Raw Material
          • Vegetable oil
          • Animal Fat & Oil
        • By Application
          • Automotive
            • Automotive Engine Oils
            • Gear Oils
            • Hydraulic Oils
            • Transmission Fluids
            • Greases
            • Chainsaw Oils
          • Industrial
            • Process Oils
            • Demolding Oils
            • Industrial Gear Oils
            • Industrial Greases
            • Metal Working Fluids
          • By End-User Industry
            • Industrial
              • Marine
              • Mining & Metallurgy
              • Energy & power
              • Food
              • Pharmaceutical
              • Others
            • Commercial Transportation
            • Consumer Automotive
          • By Country
            • China
            • India
            • Japan
            • Australia
            • Rest of Asia Pacific
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Asia Pacific Bio-lubricants Market
  1. South America Bio-lubricants Market Overview
    • South America Bio-lubricants Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • South America Bio-lubricants Market Share & Forecast, 2016-2027
        • By Raw Material
          • Vegetable oil
          • Animal Fat & Oil
        • By Application
          • Automotive
            • Automotive Engine Oils
            • Gear Oils
            • Hydraulic Oils
            • Transmission Fluids
            • Greases
            • Chainsaw Oils
          • Industrial
            • Process Oils
            • Demolding Oils
            • Industrial Gear Oils
            • Industrial Greases
            • Metal Working Fluids
          • By End-User Industry
            • Industrial
              • Marine
              • Mining & Metallurgy
              • Energy & power
              • Food
              • Pharmaceutical
              • Others
            • Commercial Transportation
            • Consumer Automotive
          • By Country
            • Brazil
            • Argentina
            • Rest of South America
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on South America Bio-lubricants Market
  1. Middle East & Africa Bio-lubricants Market Overview
    • Middle East & Africa Bio-lubricants Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Kilo Tons)
      • Middle East & Africa Bio-lubricants Market Share & Forecast, 2016-2027
        • By Raw Material
          • Vegetable oil
          • Animal Fat & Oil
        • By Application
          • Automotive
            • Automotive Engine Oils
            • Gear Oils
            • Hydraulic Oils
            • Transmission Fluids
            • Greases
            • Chainsaw Oils
          • Industrial
            • Process Oils
            • Demolding Oils
            • Industrial Gear Oils
            • Industrial Greases
            • Metal Working Fluids
          • By End-User Industry
            • Industrial
              • Marine
              • Mining & Metallurgy
              • Energy & power
              • Food
              • Pharmaceutical
              • Others
            • Commercial Transportation
            • Consumer Automotive
          • By Country
            • Saudi Arabia
            • UAE
            • South Africa
            • Rest of Middle East & Africa
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Middle East & Africa Bio-lubricants Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • ExxonMobil
      • Royal Dutch Shell
      • Total S.A
      • Cargill
      • BP
      • Emery Oleochemicals
      • FUCHS Group
      • Panolin
      • Kluber Lubrication
      • UBL
      • Chevron Corporation
      • Castrol
      • Statoil Lubricants
      • Binol Lubricants
      • Rsc Bio Solutions
      • Carl Bechem
      • Vickers Oil
      • Renewable Lubricants
      • Polnox Corporation
      • Other Prominent Players