Biolubricants Market Report, By Raw Materials (Vegetable Oil and Animal Oil), By End User (Industrial and Transportation), By Application and Geography (North America, Europe, Asia Pacific and Rest of the World) Analysis, Share, Trends, Size, & Forecast from 2019 2025
REPORT HIGHLIGHT
The Biolubricants market was valued at USD 2,360 million by 2018, growing with 6.2% CAGR during the forecast period, 2019-2025.
Bio (based) lubricants are produced from organic matter such as vegetable oils, synthetic esters, and animal & plant materials. Bio lubricant demand is expected to rise on account of their remarkable properties and environmental benefits. Minimum usage of raw materials and favorable environmental regulations in Europe and North America are the driving force for growing product consumption. However, low operational performance, high cost, and availability of raw materials are likely to restrain market growth.
Market Dynamics
These products are majorly utilized for lubricating chain saws, where the oil is subjected to extreme centrifugal force, leading to high wastage in conventional lubricants. They also act as hydraulic fluids optimizing the operation of equipment such as harvesters, load carriers, tractors. These products are also utilized as grease, especially for lubricating components that cannot be quickly covered with conventional oil. Innovative motor oils based on plant oils have also been developed to better deal with high thermal stresses.
Bio-based lubricants assist in the reduction of harmful environmental effects, which is expected to boost the overall market growth. The growing need for higher fuel efficiency has also led to the replacement of synthetic oils with these bio-based counterparts. Major end-use industries utilizing this product include commercial, automotive and industrial sectors. This industry has numerous applications that include a chainsaw, demolding, turbine, compressor, automotive, lubrication, process and metalworking oil.
Segment Takeaway
The transportation segment accounted for the largest share, over 50% of the overall market volume. The segment is increasingly utilizing this chemical as a substitute for conventional products owing to the high-performance characteristics. Industrial lubricants accounted for the significant revenue share. The primary market driver is the rapid growth in the industrial sectors especially in Central & South America and the Asia Pacific.
Automotive applications achieved the highest growth rate. The revitalized automotive sector in developed regions is likely to foster demand. However, high costs associated with commercialization and processing is considered to be a major inhibitor for product penetration in developed as well as developing economies.
Regional Takeaway
The Asia Pacific, Middle East & Africa accounted for the maximum share of the overall industry and are likely to grow with the fastest growth rate over the study period. China emerged as the largest consumer with over 50% of the volume share, within the Asia Pacific. Environmental legislations are encouraging the application of these lubricants in major end-user industries such as transportation, construction, consumer appliances, and others. Rapid industrialization in emerging economies is also expected to introduce several lucrative opportunities for market players.
Key Vendor Takeaway
Key market participants include Chevron, UBL, Inc., Renewable Lubricants, Shell Corporation, Exxon Mobil Corporation, Castrol, and Total S.A among other small-scale regional players. Companies are engaged in new and innovative product development to capture significant market share.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2017
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY RAW MATERIAL
- Animal Fat
- Vegetable Oil
MARKET, BY END USE
- Industrial
- Transportation
MARKET, BY APPLICATION
- Greases
- Hydraulic Fluid
- Metal Working Fluids
- Food Grade Lubricants
- Penetrating Lubricants
- High Performance Oils
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. BIOLUBRICANTS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Raw Material
2.1.2. Market Snippet by End Use
2.1.3. Market Snippet by Application
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. BIOLUBRICANTS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. BIOLUBRICANTS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. BIOLUBRICANTS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. BIOLUBRICANTS MARKET – BY RAW MATERIAL
6.1. Overview
6.1.1. Segment Share Analysis, By Raw Material, 2017 & 2025 (%)
6.2. Animal Fat
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Vegetable Oil
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. BIOLUBRICANTS MARKET – BY END USE
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
7.2. Industrial
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Transportation
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. BIOLUBRICANTS MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2017 & 2025 (%)
8.2. Greases
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Hydraulic Fluid
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Metal Working Fluids
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Food Grade Lubricants
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Penetrating Lubricants
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.7. High Performance Oils
8.7.1. Overview
8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.8. Others
8.8.1. Overview
8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. BIOLUBRICANTS MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.2.4. North America Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
9.2.5. North America Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.2.6. North America Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
9.3.5. Europe Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.3.6. Europe Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.3.7. France
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.8. Germany
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.9. Italy
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.10. United Kingdom
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.11. Rest of Europe
9.3.11.1. Overview
9.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.4.6. Asia Pacific Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.8. India
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Rest of the World
9.5.1. Overview
9.5.2. Key Manufacturers in Rest of the World
9.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.5.4. Rest of the World Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
9.5.5. Rest of the World Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.5.6. Rest of the World Market Size and Forecast, By Application, 2014 – 2025 (US$ Million)
9.5.7. Latin America
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.8. Middle East and Africa
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Renewable Lubricants
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. UBL, Inc.
10.3. Castrol
10.4. Shell Corporation
10.5. Total S.A
10.6. Exxon Mobil Corporation
10.7. Chevron
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Biolubricants market: Raw Material snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Raw Material
TABLE Global Biolubricants market, by Raw Material 2014-2025 (USD Million)
TABLE Biolubricants market: End Usse snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by End Use
TABLE Global Biolubricants market, by End Use 2014-2025 (USD Million)
TABLE Biolubricants market: Application snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Biolubricants market, by Application 2014-2025 (USD Million)
TABLE Biolubricants market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Biolubricants market, by region 2014-2025 (USD Million)
TABLE North America Biolubricants market, by country, 2014-2025 (USD Million)
TABLE North America Biolubricants market, by Raw Material, 2014-2025 (USD Million)
TABLE North America Biolubricants market, by End Use, 2014-2025 (USD Million)
TABLE North America Biolubricants market, by Application, 2014-2025 (USD Million)
TABLE Europe Biolubricants market, by country, 2014-2025 (USD Million)
TABLE Europe Biolubricants market, by Raw Material, 2014-2025 (USD Million)
TABLE Europe Biolubricants market, by End Use, 2014-2025 (USD Million)
TABLE Europe Biolubricants market, by Application, 2014-2025 (USD Million)
TABLE Asia Pacific Biolubricants market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Biolubricants market, by Raw Material, 2014-2025 (USD Million)
TABLE Asia Pacific Biolubricants market, by End Use, 2014-2025 (USD Million)
TABLE Asia Pacific Biolubricants market, by Application, 2014-2025 (USD Million)
TABLE Rest of the World Biolubricants market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Biolubricants market, by Raw Material, 2014-2025 (USD Million)
TABLE Rest of the World Biolubricants market, by End Use, 2014-2025 (USD Million)
TABLE Rest of the World Biolubricants market, by Application, 2014-2025 (USD Million)
List of Figures
FIGURE Biolubricants market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Raw Material segment market share analysis, 2017 & 2025
FIGURE Raw Material segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Animal Fat market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Vegetable Oil market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE End Use segment market share analysis, 2017 & 2025
FIGURE End Use segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Industrial market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Transportation market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Application segment market share analysis, 2017 & 2025
FIGURE Application segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Greases market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Hydraulic Fluid market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Metal Working Fluids market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Food Grade Lubricants market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Penetrating Lubricants market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE High Performance Oils market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Biolubricants market share and leading players, 2018
FIGURE Europe Biolubricants market share and leading players, 2018
FIGURE Asia Pacific Biolubricants market share and leading players, 2018
FIGURE Latin America Biolubricants market share and leading players, 2018
FIGURE Middle East and Africa Biolubricants market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
