Bio-Lubricant Market By Size, Share, Trends, Growth, Forecast 2028

Report Description

Global bio-lubricant market is expected to grow at a steady rate during the forecast period. The global bio-lubricant market is driven by the increasing environmental concerns. Furthermore, supportive government policies facilitating the use of bio-based lubricants and greener and cleaner base oils is expected to spur the market growth over the next few years. Additionally, these bio-lubricants are eco-friendly, renewable, non-toxic in nature, biodegradable, carbon neutral, among others. These factors are, in turn, expected to positively influence the market growth through 2028. Besides, technological advancements and new product launches by the major players operating in the market is expected to create lucrative opportunities for growth during the forecast period. However, the sudden outbreak of pandemic COVID-19 has led to the shut down in manufacturing and supply of renewables thereby hindering the market growth during the forecast period. Moreover, the high prices of bio-lubricants can further restrict the market growth through 2028.

The global bio-lubricant market is segmented based on base oil, application, end user industry, company and region. Based on base oil, the market can be categorized into vegetable oil, animal fat, synthetic ester and others. The vegetable oil segment is expected to dominate the market since they are highly biodegradable, less toxic, eco-friendly and provide good lubrication. Based on end user industry, the market can be fragmented into automotive, oil & gas, construction, marine, energy & utilities, pharmaceutical, metallurgy and others. The automotive industry is expected to dominate the market owing to the increasing awareness pertaining to fuel efficiency. Additionally, bio-lubricants are highly biodegradable in nature and have low level of bioaccumulation therefore preferred in the automotive industry.

Regionally, the bio-lubricant market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the market share in the overall bio-lubricant market owing to the widespread use of bio-lubricants in the automotive industry. Additionally, stringent government regulations pertaining to the use of bio-based lubricants further drive the market growth in the region.

The major players operating in the bio-lubricant market are ExxonMobil, Royal Dutch Shell, Total S.A., Cargill Inc., BP, FUCHS Group, Panolin AG, Magna Group, Polnox Corporation, Albemarle Corporation and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, In March 2022, Royal Dutch Shell announced the expansion of the lubricant production facility located at Marunda Ce2tre, Indonesia.

Objective of the Study:

To analyze and estimate the market size of global bio-lubricant market from 2028 to 2021.
To estimate and forecast the market size of global bio-lubricant market from 2022 to 2028 and growth rate until 2028.
To classify and forecast global bio-lubricant market based on base oil, application, end user industry, company and regional distribution.
To identify dominant region or segment in the global bio-lubricant market.
To identify drivers and challenges for global bio-lubricant market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global bio-lubricant market.
To identify and analyze the profile of leading players operating in global bio-lubricant market.
To identify key sustainable strategies adopted by market players in global bio-lubricant market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global bio-lubricant market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Bio-Lubricant manufacturers/ suppliers/ distributors
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to bio-lubricant

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2022
Historical Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Product · Vehicle Type · Application
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Kuwait; Brazil, Argentina, Colombia;
Key companies profiled	ExxonMobil, Royal Dutch Shell, Total S.A., Cargill Inc., BP, FUCHS Group, Panolin AG, Magna Group, Polnox Corporation, Albemarle Corporation.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global bio-lubricant market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Bio-Lubricant Market, By Base Oil:

Vegetable Oil
Animal Fat
Synthetic Ester
Others

Global Bio-Lubricant Market, By Application:

Hydraulic oil
Metalworking fluids
Chainsaw oil
Mold release agents
Two-cycle engine oils
Gear oils
Greases
Others

Global Bio-Lubricant Market, By End User Industry:

Automotive
Oil & Gas
Construction
Marine
Energy & Utilities
Pharmaceutical
Metallurgy
Others

Global Bio-Lubricant Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE
Kuwait

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global bio-lubricant market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global bio-lubricant market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Bio-Lubricant Market

4. Executive Summary

5. Voice of Customer

6. Global Bio-Lubricant Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Base Oil (Vegetable Oil, Animal Fat, Synthetic Ester, Others)

6.2.2. By Application (Hydraulic oil, Metalworking fluids, Chainsaw oil, Mold release agents, Two-cycle engine oils, Gear oils, Greases, Others)

6.2.3. By End User Industry (Automotive, Oil & Gas, Construction, Marine, Energy & Utilities, Pharmaceutical, Metallurgy, Others)

6.2.4. By Company (2022)

6.2.5. By Region

6.3. Product Market Map

7. Asia-Pacific Bio-Lubricant Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Base Oil

7.2.2. By Application

7.2.3. By End User Industry

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Bio-Lubricant Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Base Oil

7.3.1.2.2. By Application

7.3.1.2.3. By End User Industry

7.3.2. India Bio-Lubricant Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Base Oil

7.3.2.2.2. By Application

7.3.2.2.3. By End User Industry

7.3.3. Australia Bio-Lubricant Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Base Oil

7.3.3.2.2. By Application

7.3.3.2.3. By End User Industry

7.3.4. Japan Bio-Lubricant Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Base Oil

7.3.4.2.2. By Application

7.3.4.2.3. By End User Industry

7.3.5. South Korea Bio-Lubricant Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Base Oil

7.3.5.2.2. By Application

7.3.5.2.3. By End User Industry

8. Europe Bio-Lubricant Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Base Oil

8.2.2. By Application

8.2.3. By End User Industry

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. France Bio-Lubricant Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Base Oil

8.3.1.2.2. By Application

8.3.1.2.3. By End User Industry

8.3.2. Germany Bio-Lubricant Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Base Oil

8.3.2.2.2. By Application

8.3.2.2.3. By End User Industry

8.3.3. United Kingdom Bio-Lubricant Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Base Oil

8.3.3.2.2. By Application

8.3.3.2.3. By End User Industry

8.3.4. Italy Bio-Lubricant Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Base Oil

8.3.4.2.2. By Application

8.3.4.2.3. By End User Industry

8.3.5. Spain Bio-Lubricant Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Base Oil

8.3.5.2.2. By Application

8.3.5.2.3. By End User Industry

9. North America Bio-Lubricant Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Base Oil

9.2.2. By Application

9.2.3. By End User Industry

9.2.4. By Country

9.3. North America: Country Analysis

9.3.1. United States Bio-Lubricant Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Base Oil

9.3.1.2.2. By Application

9.3.1.2.3. By End User Industry

9.3.2. Mexico Bio-Lubricant Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Base Oil

9.3.2.2.2. By Application

9.3.2.2.3. By End User Industry

9.3.3. Canada Bio-Lubricant Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Base Oil

9.3.3.2.2. By Application

9.3.3.2.3. By End User Industry

10. South America Bio-Lubricant Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Base Oil

10.2.2. By Application

10.2.3. By End User Industry

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Bio-Lubricant Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Base Oil

10.3.1.2.2. By Application

10.3.1.2.3. By End User Industry

10.3.2. Argentina Bio-Lubricant Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Base Oil

10.3.2.2.2. By Application

10.3.2.2.3. By End User Industry

10.3.3. Colombia Bio-Lubricant Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Base Oil

10.3.3.2.2. By Application

10.3.3.2.3. By End User Industry

11. Middle East and Africa Bio-Lubricant Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Base Oil

11.2.2. By Application

11.2.3. By End User Industry

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Bio-Lubricant Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value & Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Base Oil

11.3.1.2.2. By Application

11.3.1.2.3. By End User Industry

11.3.2. Saudi Arabia Bio-Lubricant Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value & Volume

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Base Oil

11.3.2.2.2. By Application

11.3.2.2.3. By End User Industry

11.3.3. UAE Bio-Lubricant Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value & Volume

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Base Oil

11.3.3.2.2. By Application

11.3.3.2.3. By End User Industry

11.3.4. Kuwait Bio-Lubricant Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value & Volume

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Base Oil

11.3.4.2.2. By Application

11.3.4.2.3. By End User Industry

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. ExxonMobil

14.2. Royal Dutch Shell

14.3. Total S.A

14.4. Cargill Inc.

14.5. BP

14.6. FUCHS Group

14.7. Panolin AG

14.8. Magna Group

14.9. Polnox Corporation

14.10. Albemarle Corporation

15. Strategic Recommendations

Report Description

Table of content

Figures and Tables

Frequently asked questions

What are the factors driving the growth of global bio-lubricant market?

What are the major segments in global bio-lubricant market?

Which segment is expected to hold the largest share in global bio-lubricant market during forecast period?

Who are the key players operating in the global bio-lubricant market?

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Report Description

Table of content

Figures and Tables

Frequently asked questions

What are the factors driving the growth of global bio-lubricant market?

What are the major segments in global bio-lubricant market?

Which segment is expected to hold the largest share in global bio-lubricant market during forecast period?

Who are the key players operating in the global bio-lubricant market?

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