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Global Bio-lubricants Market Size Study & Forecast, By Source (Vegetable Oil and Animal Oil), By End-Use (Industrial, Commercial Transportation and Consumer Automotive) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G9C582D01415EN
Bizwit Research & Consulting LLP

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Global Bio-lubricants Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.

The bio-lubricants market encompasses lubricants derived from renewable sources such as vegetable oils, animal fats, and other bio-based materials. These lubricants are biodegradable, minimally toxic, and have lower environmental impacts compared to conventional petroleum-based lubricants. The market is primarily driven by increasing environmental awareness and regulations promoting sustainable practices across various industries. The shift towards bio-lubricants is fueled by concerns over pollution, resource depletion, and the need for eco-friendly alternatives. Government initiatives supporting the use of bio-based products, coupled with rising investments in research and development for advanced bio-lubricant formulations, are significant drivers of market growth. End-users are increasingly adopting bio-lubricants in automotive, industrial, marine, and other sectors due to their superior biodegradability, lower emissions, and improved performance characteristics. As sustainability becomes a core focus globally, the bio-lubricants market is poised for continued expansion and innovation, offering opportunities for manufacturers, suppliers, and consumers alike to participate in a greener and more sustainable future.

The bio-lubricants market is being propelled by the growth of the automotive sector, especially in emerging markets like India, China, South Africa, and Brazil, where there is a rising demand for sustainable products that contribute to improved fuel efficiency and reduced carbon emissions from vehicles. However, challenges persist due to the dependency of bio-lubricant production on the supply of vegetable and animal oils, which are often by-products of other industrial processes. The complexity of processing technologies also adds to the initial production costs, posing a restraint to market growth in the forecast period. Nevertheless, plant-based oils are emerging as promising substitutes for traditional mineral oils in bio lubricant production. This trend is due to the structural similarities between plant-based oils and the long-chained hydrocarbons found in mineral oils. These oils offer several advantages such as renewability, non-toxicity, and environmental friendliness, which are driving their increased utilization in bio-lubricant formulations. Key plant sources include soybean, rapeseed, and canola oils, highlighting the ongoing shift towards more sustainable and eco-friendly lubricant solutions in various industries.

The key regions considered for the Global Bio-lubricants Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The bio-lubricants market witnessed dominance from North America, securing the largest revenue share in 2022. This growth can be attributed to a resurgence in the automotive industry within the U.S. and Canada. Additionally, increased regulatory measures by the U.S. government, mandating minimum renewable content in various products, have fueled the consumption of bio-based lubricants in the region. These factors collectively contributed to North America's prominent position in the bio-lubricants market.

Asia Pacific is poised to exhibit the most substantial Compound Annual Growth Rate (CAGR) throughout the forecast period, primarily fueled by its status as a major hub for automobile manufacturing. With countries such as China, India, Indonesia, and various Southeast Asian nations witnessing a notable uptick in the production and export of passenger cars and other vehicles, particularly to developed regions, the demand for bio-lubricants is expected to soar. This surge in automotive manufacturing activity underscores the critical need for sustainable and eco-friendly lubrication solutions like bio-lubricants, thus driving the growth of the market in the Asia Pacific region.

Major market players included in this report are:

TotalEnergies

Exxon Mobil Corporation

Shell plc

CASTROL LIMITED

PETRONAS Lubricants International

Kluber Lubrication

Emery Oleochemicals

Chevron Corporation

Albemarle Corporation

FUCHS

Recent Developments in the Market:
  • In April 2023, Exxon Mobil announced its investment of around USD 110 million in setting up a lubricants production plant in India. The facility is scheduled to start operations by the end of 2025 and is expected to have a production capacity of up to 159 million liters of finished lubricants annually.
  • In July 2022, Chevron Corporation launched a novel synthetic grease containing biodegradable synthetic esters. This formulation aligns with the 2013 Vessel General Permit (VGP) regulations established by the U.S. Environmental Protection Agency (EPA) for environmentally acceptable lubricants (EALs).
Global Bio-lubricants Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Source, End-Use, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Rest of the World
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and Source offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:

Vegetable Oil

Animal Oil

By End-Use:

Industrial

Commercial Transportation

Consumer Automotive

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Bio-lubricants Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Bio-lubricants Market, by Source, 2020-2030 (USD Billion)
  1.2.3. Bio-lubricants Market, by End-Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL BIO-LUBRICANTS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL BIO-LUBRICANTS MARKET DYNAMICS

3.1. Bio-lubricants Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Growing Awareness and Concerns Regarding Environmental Sustainability
    3.1.1.2. Favourable Government Regulations and Policies
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Bio-lubricants
    3.1.2.2. Performance Challenges
  3.1.3. Market Opportunities
    3.1.3.1. Increasing Research and Development Efforts
    3.1.3.2. Collaborations Between Lubricant Manufacturers, Biofuel Producers, And Research Institutions

CHAPTER 4. GLOBAL BIO-LUBRICANTS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL BIO-LUBRICANTS MARKET, BY SOURCE

5.1. Market Snapshot
5.2. Global Bio-lubricants Market by Source, Performance - Potential Analysis
5.3. Global Bio-lubricants Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
5.4. Bio-lubricants Market, Sub Segment Analysis
  5.4.1. Vegetable Oil
  5.4.2. Animal Oil

CHAPTER 6. GLOBAL BIO-LUBRICANTS MARKET, BY END-USE

6.1. Market Snapshot
6.2. Global Bio-lubricants Market by End-Use, Performance - Potential Analysis
6.3. Global Bio-lubricants Market Estimates & Forecasts by End-Use 2020-2030 (USD Billion)
6.4. Bio-lubricants Market, Sub Segment Analysis
  6.4.1. Industrial
  6.4.2. Commercial Transportation
  6.4.3. Consumer Automotive

CHAPTER 7. GLOBAL BIO-LUBRICANTS MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Bio-lubricants Market, Regional Market Snapshot
7.4. North America Bio-lubricants Market
  7.4.1. U.S. Bio-lubricants Market
    7.4.1.1. Source breakdown estimates & forecasts, 2020-2030
    7.4.1.2. End-Use breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Bio-lubricants Market
7.5. Europe Bio-lubricants Market Snapshot
  7.5.1. U.K. Bio-lubricants Market
  7.5.2. Germany Bio-lubricants Market
  7.5.3. France Bio-lubricants Market
  7.5.4. Spain Bio-lubricants Market
  7.5.5. Italy Bio-lubricants Market
  7.5.6. Rest of Europe Bio-lubricants Market
7.6. Asia-Pacific Bio-lubricants Market Snapshot
  7.6.1. China Bio-lubricants Market
  7.6.2. India Bio-lubricants Market
  7.6.3. Japan Bio-lubricants Market
  7.6.4. Australia Bio-lubricants Market
  7.6.5. South Korea Bio-lubricants Market
  7.6.6. Rest of Asia Pacific Bio-lubricants Market
7.7. Latin America Bio-lubricants Market Snapshot
  7.7.1. Brazil Bio-lubricants Market
  7.7.2. Mexico Bio-lubricants Market
7.8. Rest of The World Bio-lubricants Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. TotalEnergies
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Exxon Mobil Corporation
  8.3.3. Shell plc
  8.3.4. CASTROL LIMITED
  8.3.5. PETRONAS Lubricants International
  8.3.6. Kluber Lubrication
  8.3.7. Emery Oleochemicals
  8.3.8. Chevron Corporation
  8.3.9. Albemarle Corporation
  8.3.10. FUCHS

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Bio-lubricants Market, report scope
TABLE 2. Global Bio-lubricants Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Bio-lubricants Market estimates & forecasts by Source 2020-2030 (USD Billion)
TABLE 4. Global Bio-lubricants Market estimates & forecasts by End-Use 2020-2030 (USD Billion)
TABLE 5. Global Bio-lubricants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Bio-lubricants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Bio-lubricants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Bio-lubricants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Bio-lubricants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Bio-lubricants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Bio-lubricants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Bio-lubricants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Bio-lubricants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Bio-lubricants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Row Bio-lubricants Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. Row Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Row Bio-lubricants Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of Global Bio-lubricants Market
TABLE 70. List of primary sources, used in the study of Global Bio-lubricants Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Bio-lubricants Market, research methodology
FIG 2. Global Bio-lubricants Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Bio-lubricants Market, key trends 2022
FIG 5. Global Bio-lubricants Market, growth prospects 2023-2030
FIG 6. Global Bio-lubricants Market, porters 5 force model
FIG 7. Global Bio-lubricants Market, pest analysis
FIG 8. Global Bio-lubricants Market, value chain analysis
FIG 9. Global Bio-lubricants Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Bio-lubricants Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Bio-lubricants Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Bio-lubricants Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Bio-lubricants Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Bio-lubricants Market, regional snapshot 2020 & 2030
FIG 15. North America Bio-lubricants Market 2020 & 2030 (USD Billion)
FIG 16. Europe Bio-lubricants Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Bio-lubricants Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Bio-lubricants Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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