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