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Asia Pacific Biolubricants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Base Oil (Vegetable Oils, Animal Fats, and Others), Application (Gear Oils, Hydraulic Oils, Metalworking Fluids, Greases, and Others), and End Use (Automotive, Industrial, Marine, Agriculture & Forestry, and Others)

April 2023 | 118 pages | ID: A2CCB2D53DFFEN
The Insight Partners

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The Asia Pacific biolubricants market is expected to grow from US$ 146.20 million in 2022 to US$ 187.14 million by 2028. It is estimated to register a CAGR of 4.2% from 2022 to 2028.

Increasing Demand for Biolubricants from Marine Industry Drives Asia Pacific Biolubricants Market

Since biolubricants are clean and nontoxic, their use has been mandated in highly sensitive applications such as forestry and marine in some countries across the region. In marine applications, biolubricants are used in different sections and processes of containers, cargo fleets, oil tankers, and other ships for lubrication purposes. Marine biolubricants consist of engine oils, hydraulic oils, compressor oils, slideways oils, gear oils, heat transfer oils, greases, turbine oils, and others. The biolubricants industry is growing due to rising environmental concerns, and various countries are restricting the use of petroleum-based lubricants in applications where lubricants can contact soil and water. Thus, stringent regulations imposed across the region are anticipated to provide lucrative opportunities for the Asia Pacific biolubricants market growth during the forecast period.

Asia Pacific Biolubricants Market Overview

The demand for biolubricants in Asia Pacific is in parallel with industrialization and vehicular production in the region. Under the Sustainable Development Goals 2030, the Asian Development Bank planned to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation in Asia Pacific. Moreover, the rise in the number of on-fleet vehicles in countries such as China, India, and South Korea is fueling the demand for biolubricants. Increasing awareness regarding fuel economy is propelling the demand for biolubricants in Asia Pacific. According to the International Organization of Motor Vehicle Manufacturers (OICA), the Asia-Oceania region’s vehicle production increased from 44.2 million in 2020 to 46.7 million vehicles in 2021. The development of automotive parts and components in the region with the rise of electric vehicle production will create lucrative opportunities for biolubricants. Extensive innovation and prototyping from major automakers, coupled with consumer preference, are among the factors driving the market. Growing regional construction activities and industrial and automotive sectors further accelerate the market growth. Low-cost production in the region provides an excellent opportunity for the global players in Asia Pacific, especially in China and India. All these factors are expected to propel the growth of the biolubricants market in Asia Pacific.

Asia Pacific Biolubricants Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Biolubricants Market Segmentation

The Asia Pacific biolubricants market is divided into base oil, application, end use, and country.

Based on base oil, the Asia Pacific biolubricants market is segmented into vegetable oils, animal fats, and others. The vegetable oils segment held the largest Asia Pacific biolubricants market share in 2022.

Based on application, the Asia Pacific biolubricants market is segmented into gear oils, hydraulic oils, metalworking fluids, greases, and others. The others segment held the largest Asia Pacific biolubricants market share in 2022.

Based on end use, the Asia Pacific biolubricants market is segmented into automotive, industrial, marine, agriculture & forestry, and others. The industrial segment held the largest Asia Pacific biolubricants market share in 2022.

Based on country, the Asia Pacific biolubricants market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific biolubricants market in 2022.

Carl Bechem GmbH, Emery Oleochemicals LLC, Fuchs Petrolub SE, Kluber Lubrication GmbH & Co KG, Shell Plc, and TotalEnergies SE are among the leading companies operating in the Asia Pacific biolubricants market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Biolubricants Market, by Base Oil
1.3.2 Asia Pacific Biolubricants Market, by Application
1.3.3 Asia Pacific Biolubricants Market, by End Use
1.3.4 Asia Pacific Biolubricants Market, by Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:

4. ASIA PACIFIC BIOLUBRICANTS MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. ASIA PACIFIC BIOLUBRICANTS MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Growing Automobile Sector
5.1.2 Surging Demand for Bio-based and Sustainable Products in Various Industries
5.2 Market Restraints
5.2.1 High Cost and Difficulty in Obtaining Desired Properties of Biolubricants
5.3 Market Opportunities
5.3.1 Increasing Demand for Biolubricants from Marine Industry
5.4 Future Trends
5.4.1 Rising Research and Development to Enhance Performance of Biolubricants
5.5 Impact Analysis of Drivers and Restraint

6. BIOLUBRICANTS– ASIA PACIFIC MARKET ANALYSIS

6.1 Asia Pacific Biolubricants Market Overview
6.2 Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)

7. ASIA PACIFIC BIOLUBRICANTS MARKET ANALYSIS – BY BASE OIL

7.1 Overview
7.2 Asia Pacific Biolubricants Market, By Base Oil (2021 and 2028)
7.3 Vegetable Oils
7.3.1 Overview
7.3.2 Vegetable Oils: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Animal Fats
7.4.1 Overview
7.4.2 Animal Fats: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)

8. ASIA PACIFIC BIOLUBRICANTS MARKET ANALYSIS – BY APPLICATION

8.1 Overview
8.2 Asia Pacific Biolubricants Market, By Application (2021 and 2028)
8.3 Gear Oil
8.3.1 Overview
8.3.2 Gear Oil: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Hydraulic Oil
8.4.1 Overview
8.4.2 Hydraulic Oil: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Metalworking Fluids
8.5.1 Overview
8.5.2 Metalworking Fluids: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Greases
8.6.1 Overview
8.6.2 Greases: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)

9. ASIA PACIFIC BIOLUBRICANTS MARKET ANALYSIS – BY END USE

9.1 Overview
9.2 Asia Pacific Biolubricants Market, By End Use (2021 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Marine
9.5.1 Overview
9.5.2 Marine: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Agriculture & Forestry
9.6.1 Overview
9.6.2 Agriculture & Forestry: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)

10. ASIA PACIFIC BIOLUBRICANTS MARKET – COUNTRY ANALYSIS

10.1 Overview
10.1.1 Asia Pacific Biolubricants Market, by Key Country
10.1.1.1 Australia: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Asia Pacific Biolubricants Market, By Base Oil
10.1.1.1.2 Australia: Asia Pacific Biolubricants Market, By Application
10.1.1.1.3 Australia: Asia Pacific Biolubricants Market, By End Use
10.1.1.2 China: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Asia Pacific Biolubricants Market, By Base Oil
10.1.1.2.2 China: Asia Pacific Biolubricants Market, By Application
10.1.1.2.3 China: Asia Pacific Biolubricants Market, By End Use
10.1.1.3 India: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Asia Pacific Biolubricants Market, by Base Oil
10.1.1.3.2 India: Asia Pacific Biolubricants Market, by Application
10.1.1.3.3 India: Asia Pacific Biolubricants Market, by End Use
10.1.1.4 Japan: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Asia Pacific Biolubricants Market, By Base Oil
10.1.1.4.2 Japan: Asia Pacific Biolubricants Market, By Application
10.1.1.4.3 Japan: Asia Pacific Biolubricants Market, By End Use
10.1.1.5 South Korea: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Asia Pacific Biolubricants Market, By Base Oil
10.1.1.5.2 South Korea: Asia Pacific Biolubricants Market, By Application
10.1.1.5.3 South Korea: Asia Pacific Biolubricants Market, By End Use
10.1.1.6 Rest of Asia Pacific: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Biolubricants Market, By Base Oil
10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Biolubricants Market, By Application
10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Biolubricants Market, By End Use

11. INDUSTRY LANDSCAPE

11.1 Product launch
11.2 Product Approval
11.3 Company News

12. COMPANY PROFILES

12.1 Emery Oleochemicals LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fuchs Petrolub SE
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Carl Bechem GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TotalEnergies SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Shell Plc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Kluber Lubrication GmbH & Co KG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES

Table 1. Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Asia Pacific Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Asia Pacific Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Asia Pacific Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Asia Pacific Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Asia Pacific Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Asia Pacific Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Asia Pacific Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Asia Pacific Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Asia Pacific Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Asia Pacific Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Asia Pacific Biolubricants Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Asia Pacific Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Asia Pacific Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Asia Pacific Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Asia Pacific Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia Pacific: Asia Pacific Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific: Asia Pacific Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific: Asia Pacific Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms, Asia Pacific Biolubricants Market

LIST OF FIGURES

Figure 1. Asia Pacific Biolubricants Market Segmentation
Figure 2. Asia Pacific Biolubricants Market Segmentation – By Country
Figure 3. Asia Pacific Biolubricants Market Overview
Figure 4. Asia Pacific Biolubricants Market, By Base Oil
Figure 5. Asia Pacific Biolubricants Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Asia Pacific Biolubricants Market
Figure 8. Expert Opinions
Figure 9. Asia Pacific Biolubricants Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific Biolubricants Market Revenue Share, By Base Oil (2021 and 2028)
Figure 12. Vegetable Oils: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Animal Fats: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Asia Pacific Biolubricants Market Revenue Share, By Application (2021 and 2028)
Figure 16. Gear Oil: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Hydraulic Oil: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Metalworking Fluids: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Greases: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Asia Pacific Biolubricants Market Revenue Share, By End Use (2021 and 2028)
Figure 22. Automotive: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Industrial: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Marine: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Agriculture & Forestry: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Others: Asia Pacific Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Asia Pacific Biolubricants Market, by Key Country– Revenue (2021) (US$ Million)
Figure 28. Asia Pacific Biolubricants Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. Australia: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. China: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. India: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Japan: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. South Korea: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Asia Pacific: Asia Pacific Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)


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