Product Code: 978-1-68038-013-2
Biolubricants Market Growth & Trends:
The global biolubricants market size is expected to reach USD 3.73 billion by 2030, registering a CAGR of 5.3% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Increasing passenger car sales in emerging economies is one of the major drivers of industry expansion in recent years. The favorable regulatory framework is expected to encourage the production & consumption of bio-based lubricants over the forecast period. The U.S. EPA has implemented regulations that require all marine vessels to obtain the mandatory Vessel General Permit (VGP) for plying in the U.S. waters & also utilize environment-friendly, acceptable lubricants in all oil-to-sea interfaces.
Various environmental issues associated with conventional lubricants are driving the demand for vegetable & plant-based lubricants. The product segment is anticipated to benefit from the growing demand from industrial & transportation sectors in developed regions.
Vegetable oil was the leading raw material used for biolubricants with a commanding share of 88.1% in 2015. They are also expected to witness the highest growth of 7.6% over the forecast period.
Biolubricants Market Report Highlights:
- Increasing cost competitiveness of advanced biolubricants, specifically on account of high crude oil prices in the future, is a significant factor driving their demand in automotive applications
- Automotive engine oils dominate the industry, since these oils exceed the performance of conventional engine oils Developments resulting in better oxidation resistance of vegetable oils and improved functionality are expected to drive the segment growth
- North America dominated the biolubricants market and accounted for the largest revenue share of 35.2% in 2022. The region is technologically mature compared to others such as Asia Pacific, Latin America, and the Middle East.
- Regulations have played a huge role in shaping the consumer base for bio-based products in the U.S. Currently, the U.S. accounts for nearly 80% of the North American market in terms of volume.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Source
- 1.1.2. End-Use
- 1.1.3. Application
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Source outlook
- 2.2.2. End-Use outlook
- 2.2.3. Application outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Biolubricants Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Biolubricants Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Biolubricants: Source Estimates & Trend Analysis
- 5.1. Biolubricants Market: Key Takeaways
- 5.2. Biolubricants Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Vegetable Oil
- 5.3.1. Vegetable oil market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 5.4. Animal Oil
- 5.4.1. Animal oil market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
Chapter 6. Biolubricants: End-Use Estimates & Trend Analysis
- 6.1. Biolubricants Market: Key Takeaways
- 6.2. Biolubricants Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Industrial
- 6.3.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 6.4. Commercial Transportation
- 6.4.1. Commercial transportation market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 6.5. Consumer Automotive
- 6.5.1. Consumer automotive market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
Chapter 7. Biolubricants: Application Estimates & Trend Analysis
- 7.1. Biolubricants Market: Key Takeaways
- 7.2. Biolubricants Market: Movement & Market Share Analysis, 2022 & 2030
- 7.3. Transportation
- 7.3.1. Transportation market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.3.1.1. Automotive engine oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.3.1.2. Gear oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.3.1.3. Hydraulic oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.3.1.4. Transmission oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.3.1.5. Greases market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.3.1.6. Chainsaw oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.3.1.7. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.4. Industrial
- 7.4.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.4.1.1. Process oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.4.1.2. Demolding oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.4.1.3. Industrial gear oils market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.4.1.4. Industrial greases market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.4.1.5. Metal working fluids market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
- 7.4.1.6. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
Chapter 8. Biolubricants Market: Regional Estimates & Trend Analysis
- 8.1. Regional Outlook
- 8.2. Biolubricants Market by Region: Key Takeaway
- 8.3. North America
- 8.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.3.2. U.S.
- 8.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.3.3. Canada
- 8.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.3.4. Mexico
- 8.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.4. Europe
- 8.4.1. UK
- 8.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.4.2. Germany
- 8.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.4.3. France
- 8.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.4.4. Italy
- 8.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.4.5. Spain
- 8.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.4.6. Netherlands
- 8.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.4.7. Russia
- 8.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.5. Asia Pacific
- 8.5.1. Japan
- 8.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.5.2. China
- 8.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.5.3. India
- 8.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.5.4. Southeast Asia
- 8.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.5.5. South Korea
- 8.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.6. Central & South America
- 8.6.1. Brazil
- 8.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.6.2. Argentina
- 8.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.7. MEA
- 8.7.1. Saudi Arabia
- 8.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
- 8.7.2. South Africa
- 8.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Market Participant Categorization
- 9.2.1. TotalEnergies
- 9.2.1.1. Company overview
- 9.2.1.2. Financial performance
- 9.2.1.3. Source benchmarking
- 9.2.1.4. Strategic initiatives
- 9.2.2. Exxon Mobil Corporation
- 9.2.2.1. Company overview
- 9.2.2.2. Financial performance
- 9.2.2.3. Source benchmarking
- 9.2.2.4. Strategic initiatives
- 9.2.3. Shell plc
- 9.2.3.1. Company overview
- 9.2.3.2. Financial performance
- 9.2.3.3. Source benchmarking
- 9.2.3.4. Strategic initiatives
- 9.2.4. CASTROL LIMITED
- 9.2.4.1. Company overview
- 9.2.4.2. Financial performance
- 9.2.4.3. Source benchmarking
- 9.2.4.4. Strategic initiatives
- 9.2.5. PETRONAS Lubricants International
- 9.2.5.1. Company overview
- 9.2.5.2. Financial performance
- 9.2.5.3. Source benchmarking
- 9.2.5.4. Strategic initiatives
- 9.2.6. Kluber Lubrication
- 9.2.6.1. Company overview
- 9.2.6.2. Financial performance
- 9.2.6.3. Source benchmarking
- 9.2.6.4. Strategic initiatives
- 9.2.7. Emery Oleochemicals
- 9.2.7.1. Company overview
- 9.2.7.2. Financial performance
- 9.2.7.3. Source benchmarking
- 9.2.7.4. Strategic initiatives
- 9.2.8. Chevron Corporation
- 9.2.8.1. Company overview
- 9.2.8.2. Financial performance
- 9.2.8.3. Source benchmarking
- 9.2.8.4. Strategic initiatives
- 9.2.9. Albemarle Corporation
- 9.2.9.1. Company overview
- 9.2.9.2. Financial performance
- 9.2.9.3. Source benchmarking
- 9.2.9.4. Strategic initiatives
- 9.2.10. FUCHS
- 9.2.10.1. Company overview
- 9.2.10.2. Financial performance
- 9.2.10.3. Source benchmarking
- 9.2.10.4. Strategic initiatives