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Bio-Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 143 pages | ID: BF4294366DA7EN
IMARC Group

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The global bio-lubricants market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

Bio-lubricants are prepared by chemical modification of plant-based oils, such as epoxidation, transesterification and esterification reactions. These lubricants are widely used to reduce friction between different surfaces. As they are non-toxic, eco-friendly, bio-degradable and renewable, bio-lubricants are utilized in heavy machineries, such as railroad flanges, chainsaw bars and two-stroke engines. Besides this, they are required in less quantity during application and offer several advantages over synthetic and mineral oil-based lubricants. At present, technological advancements, along with increasing research and development (R&D) activities by key participants, are creating new avenues for bio-lubricant applications.

Bio-Lubricants Market Trends:
Bio-based lubricants are progressively gaining prominence over conventional petroleum-based oils on account of stringent government regulations and the increasing applications in the power generation and manufacturing industries. Moreover, the escalating demand for lubricants with superior product characteristics, such as biodegradability, high flash points, constant viscosity and lower emission levels, is acting as another growth-inducing factor. Apart from this, the depletion of crude oil reserves across the globe, in confluence with the inflating crude oil prices, has considerably raised the demand for bio-based materials. Other factors such as the growing R&D initiatives, technological innovations, increasing environmental concerns and stringent government regulations on the usage of synthetic lubricants are expected to drive the market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bio-lubricants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on base oil type, application and end use industry.

Breakup by Base Oil Type:

Vegetable Oils
Animal Fats

Breakup by Application:

Hydraulic Fluids
Metalworking Fluids
Chainsaw Oils
Mold Release Agents
Two-Cycle Engine Oils
Gear Oils and Greases
Others

Breakup by End Use Industry:

Power Generation
Automotive
Heavy Equipment
Food & Beverage
Metallurgy & Metalworking
Chemical Manufacturing
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, BP Plc, Chevron Corporation, Emery Oleochemicals, Exxon Mobil Corporation, Fuchs Petrolub SE, Klьber Lubrication Mьnchen SE & Co. KG (Freudenberg Chemical Specialities SE & Co. KG), Panolin AG, Polnox Corporation, Quaker Chemical Corporation, Royal Dutch Shell PLC and Total SE.

Key Questions Answered in This Report

1. What was the size of the global bio-lubricants market in 2022?
2. What is the expected growth rate of the global bio-lubricants market during 2023-2028?
3. What are the key factors driving the global bio-lubricants market?
4. What has been the impact of COVID-19 on the global bio-lubricants market?
5. What is the breakup of the global bio-lubricants market based on the base oil type?
6. What is the breakup of the global bio-lubricants market based on application?
7. What is the breakup of the global bio-lubricants market based on the end use industry?
8. What are the key regions in the global bio-lubricants market?
9. Who are the key players/companies in the global bio-lubricants market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL BIO-LUBRICANTS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY BASE OIL TYPE

6.1 Vegetable Oils
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Animal Fats
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Hydraulic Fluids
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Metalworking Fluids
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Chainsaw Oils
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Mold Release Agents
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Two-Cycle Engine Oils
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Gear Oils and Greases
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7 Others
  7.7.1 Market Trends
  7.7.2 Market Forecast

8 MARKET BREAKUP BY END USE INDUSTRY

8.1 Power Generation
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Automotive
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Heavy Equipment
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Food & Beverage
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Metallurgy & Metalworking
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Chemical Manufacturing
  8.6.1 Market Trends
  8.6.2 Market Forecast
8.7 Others
  8.7.1 Market Trends
  8.7.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Albemarle Corporation
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 BP Plc
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Chevron Corporation
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Emery Oleochemicals
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Exxon Mobil Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Fuchs Petrolub SE
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Klьber Lubrication Mьnchen SE & Co. KG (Freudenberg Chemical Specialities SE & Co. KG)
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Panolin AG
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Polnox Corporation
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Quaker Chemical Corporation
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Royal Dutch Shell PLC
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
  14.3.12 Total SE
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials
    14.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Bio-lubricants Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Bio-lubricants Market Forecast: Breakup by Base Oil Type (in Million US$), 2023-2028
Table 3: Global: Bio-lubricants Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Bio-lubricants Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Bio-lubricants Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Bio-lubricants Market: Competitive Structure
Table 7: Global: Bio-lubricants Market: Key Players

LIST OF FIGURES

Figure 1: Global: Bio-lubricants Market: Major Drivers and Challenges
Figure 2: Global: Bio-lubricants Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Bio-lubricants Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Bio-lubricants Market: Breakup by Base Oil Type (in %), 2022
Figure 5: Global: Bio-lubricants Market: Breakup by Application (in %), 2022
Figure 6: Global: Bio-lubricants Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Bio-lubricants Market: Breakup by Region (in %), 2022
Figure 8: Global: Bio-lubricants (Vegetable Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Bio-lubricants (Vegetable Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Bio-lubricants (Animal Fats) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Bio-lubricants (Animal Fats) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Bio-lubricants (Hydraulic Fluids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Bio-lubricants (Hydraulic Fluids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Bio-lubricants (Metalworking Fluids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Bio-lubricants (Metalworking Fluids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Bio-lubricants (Chainsaw Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Bio-lubricants (Chainsaw Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Bio-lubricants (Mold Release Agents) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Bio-lubricants (Mold Release Agents) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Bio-lubricants (Two-Cycle Engine Oils) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Bio-lubricants (Two-Cycle Engine Oils) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Bio-lubricants (Gear Oils and Greases) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Bio-lubricants (Gear Oils and Greases) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Bio-lubricants (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Bio-lubricants (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Bio-lubricants (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Bio-lubricants (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Bio-lubricants (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Bio-lubricants (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Bio-lubricants (Heavy Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Bio-lubricants (Heavy Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Bio-lubricants (Food & Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Bio-lubricants (Food & Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Bio-lubricants (Metallurgy & Metalworking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Bio-lubricants (Metallurgy & Metalworking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Bio-lubricants (Chemical Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Bio-lubricants (Chemical Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Bio-lubricants (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Bio-lubricants (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Bio-lubricants Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Bio-lubricants Market: Breakup by Country (in %), 2022
Figure 89: Global: Bio-lubricants Industry: SWOT Analysis
Figure 90: Global: Bio-lubricants Industry: Value Chain Analysis
Figure 91: Global: Bio-lubricants Industry: Porter's Five Forces Analysis


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