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North America 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 | 117 pages | ID: N3A75AA334C1EN
The Insight Partners

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The North America biolubricants market is expected to grow from US$ 610.99 million in 2022 to US$ 759.53 million by 2028. It is estimated to register a CAGR of 3.7% from 2022 to 2028.

Growing Automobile Sector Fuels North America Biolubricants Market Growth

As per the data of the Organisation Internationale des Constructeurs d'Automobiles (OICA), countries in North America, recorded over production for commercial & passenger cars in 2019, and the production has grown by more than 3%. Further, replacing hydrocarbon-based oils with biodegradable products is one of the ways to reduce the adverse effects of lubricants on the ecosystem. With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing emissions of greenhouse gases, there has been a remarkable development in oil lubricant formulations. In December 2021, the US Environmental Protection Agency (EPA) finalized revised national greenhouse gas (GHG) emissions standards for light trucks and passenger cars for model years 2023–2026. According to the agency, the final standards will significantly reduce GHG emissions and other criteria pollutants, leading to substantial public health and welfare benefits, and consumers can save money on fuel. According to the directive EC/1999/45, passenger car motor oils (PCMO) must be biodegradable and nontoxic to aqueous environments. Thus, the growing automotive industry and stringent government policies on reducing greenhouse gas emissions are driving the North America biolubricants market.

North America Biolubricants Market Overview

In North America, passenger vehicles are the most common mode of transportation, and their use is increasing with the rise in per capita income. Automakers have shifted their focus on vehicle production more toward electrification with the growing stringent emission norms. According to the International Energy Agency, electric car sales accounted for 630,000, with a CAGR of 32% in the US. Moreover, the growing requirement for commercial vehicles from the logistics & e-commerce sector in the region is propelling the demand for biolubricants. The increasing investment from major players, such as General Motors and Tesla, Inc., in the region is boosting the market growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in North America increased from over 13.3 million in 2020 to 13.4 million vehicles in 2021. Foreign automotive manufacturers are expected to develop a part of the mainstream automotive industry in North America to increase their market share, which will benefit the market demand for biolubricants. Furthermore, the US federal government adopted rules that would increase the procurement preferences for biolubricants, including hydraulic fluids and other industrial lubricants. These factors are expected to propel the growth of the biolubricants market in North America.

North America Biolubricants Market Revenue and Forecast to 2028 (US$ Million)

North America Biolubricants Market Segmentation

The North America biolubricants market is divided into base oil, application, end use, and country.

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

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

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

Based on country, the North America biolubricants market is segmented into the US, Canada, and Mexico. The US dominated the North America biolubricants market in 2022.

Carl Bechem GmbH, Crevier Group Inc, Emery Oleochemicals LLC, Fuchs Petrolub SE, Kluber Lubrication GmbH & Co KG, Renewable Lubricants Inc, RSC Bio Solutions LLC, Shell Plc, and TotalEnergies SE are among the leading companies operating in the North America biolubricants market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Biolubricants Market, by Base Oil
1.3.2 North America Biolubricants Market, by Application
1.3.3 North America Biolubricants Market, by End Use
1.3.4 North America 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. NORTH AMERICA BIOLUBRICANTS MARKET LANDSCAPE

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

5. NORTH AMERICA 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 – NORTH AMERICA MARKET ANALYSIS

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

7. NORTH AMERICA BIOLUBRICANTS MARKET ANALYSIS – BY BASE OIL

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

8. NORTH AMERICA BIOLUBRICANTS MARKET ANALYSIS – BY APPLICATION

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

9. NORTH AMERICA BIOLUBRICANTS MARKET ANALYSIS – BY END USE

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

10. NORTH AMERICA BIOLUBRICANTS MARKET – COUNTRY ANALYSIS

10.1 Overview
10.1.1 North America Biolubricants Market, by Key Country
10.1.1.1 US: North America Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: North America Biolubricants Market, By Base Oil
10.1.1.1.2 US: North America Biolubricants Market, By Application
10.1.1.1.3 US: North America Biolubricants Market, By End Use
10.1.1.2 Canada: North America Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: North America Biolubricants Market, By Base Oil
10.1.1.2.2 Canada: North America Biolubricants Market, By Application
10.1.1.2.3 Canada: North America Biolubricants Market, By End Use
10.1.1.3 Mexico: North America Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: North America Biolubricants Market, By Base Oil
10.1.1.3.2 Mexico: North America Biolubricants Market, By Application
10.1.1.3.3 Mexico: North America 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 Renewable Lubricants Inc
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 TotalEnergies SE
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 Shell Plc
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
12.7 RSC Bio Solutions LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Crevier Group Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Kluber Lubrication GmbH & Co KG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments

13. APPENDIX

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

Table 1. North America Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US: North America Biolubricants Market, Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: North America Biolubricants Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: North America Biolubricants Market, End Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: North America Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: North America Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: North America Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: North America Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: North America Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: North America Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 11. Glossary of Terms, North America Biolubricants Market

LIST OF FIGURES

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


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