Product Code: PM2489
The global bio-lubricants market size is expected to reach USD 3.05 billion by 2030, according to a new study by Polaris Market Research. The report "Bio-lubricants Market Share, Size, Trends, Industry Analysis Report, By Base Oil Type (Vegetable Oils, Animal Fats, Others); By Application; By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The automotive and transportation segment is estimated to remain a key end-use segment in the global industry. Growing customer preference for high-quality bio-based automotive lubricants is driving its growth. Growing demand for passenger vehicles and rising inclination toward sustainable solutions further support the growth of this segment.
North America is expected to exhibit high growth during the forecast period. US and Canada lead the market due to their renewed automotive sector and government regulations regarding the use of bio-lubricants. The introduction of emission and government initiatives and support is encouraging industry players to develop new products.
The key players in the market are Albemarle Corporation, Axel Christiernsson, Bechem, Chevron Corporation, Cortec Corporation, Emery Oleochemicals, Environmental Lubricants Manufacturing Inc., Exxon Mobil Corporation, Fuchs Petrolub SE, Kluber Lubrication, Panolin AG, Polnox Corporation, Quaker Chemical Corporation, Royal Dutch Shell PLC, and Total SE.
Industry players are collaborating with each other for research and development, strengthening global presence, and technological innovation. The greater need to cater to growing customer requirements has encouraged industry participants to leverage new technologies for the development of high-quality products.
Rising consumer awareness regarding the environment and depleting crude oil reserves are driving the bio-lubricant industry towards growth. Governments have increased their spending on R&D due to which product innovation has increased, thus generating demand for the bio-lubricants in the industry over the conventional lubricants.
Bio-lubricants Market Report Highlights
The vegetable oil segment holds a significant share in the market. The growth is attributed to the abundant availability of vegetable oil seeds which are used as raw materials accelerating the demand for the vegetable oil segment.
The hydraulic fluids segment is estimated to witness high growth during the forecast period. Hydraulic fluid provides a lubricating film that reduces wear and tears on moving parts.
The automotive and transportation segment held a significant share of the market based on the end-use. The use in this segment has increased owing to the environmental friendliness, longevity, performance, and energy efficiency offered by bio-lubricants.
The North American region is expected to register high growth during the forecast period, which is driven by the increasing incentives and regulations for the adoption of bio-lubricants.
Polaris Market Research has segmented the bio-lubricants market report based on base oil type, application, end-use, and region:
Bio-lubricants, Base Oil Type Outlook (Revenue - USD Billion, 2018 - 2030)
Vegetable Oils
Animal Fats
Others
Bio-lubricants, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Greases
Hydraulic Oils
Gear Oils Metalworking Fluids
Chainsaw Oils
Mold Release Agents
Two-Cycle Engine Oils
Others
Bio-lubricants, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial
Automotive and Transportation
Mining
Building and Construction
Others
Bio-lubricants, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Bio-lubricants Market Insights
- 4.1. Bio-lubricants - Industry Snapshot
- 4.2. Bio-lubricants Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growth of the automotive industry
- 4.2.1.2. Rising concern for environmental issues
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Increased associated cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Bio-lubricants Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Bio-lubricants Market, by Base Oil Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 5.3. Vegetable Oils
- 5.3.1. Global Bio-lubricants Market, by Vegetable Oils, by Region, 2018 - 2030 (USD Billion)
- 5.4. Animal Fats
- 5.4.1. Global Bio-lubricants Market, by Animal Fats, by Region, 2018 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Global Other Bio-lubricants Market, by Region, 2018 - 2030 (USD Billion)
6. Global Bio-lubricants Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 6.3. Greases
- 6.3.1. Global Bio-lubricants Market, by Greases, by Region, 2018 - 2030 (USD Billion)
- 6.4. Hydraulic Oils
- 6.4.1. Global Bio-lubricants Market, by Hydraulic Oils, by Region, 2018 - 2030 (USD Billion)
- 6.5. Gear Oils Metalworking Fluids
- 6.5.1. Global Bio-lubricants Market, by Gear Oils Metalworking Fluids, by Region, 2018 - 2030 (USD Billion)
- 6.6. Chainsaw Oils
- 6.6.1. Global Bio-lubricants Market, by Chainsaw Oils, by Region, 2018 - 2030 (USD Billion)
- 6.7. Mold Release Agents
- 6.7.1. Global Bio-lubricants Market, by Mold Release Agents, by Region, 2018 - 2030 (USD Billion)
- 6.8. Two-Cycle Engine Oils
- 6.8.1. Global Bio-lubricants Market, by Two-Cycle Engine Oils, by Region, 2018 - 2030 (USD Billion)
- 6.9. Others
- 6.9.1. Global Others Bio-lubricants Market, by Region, 2018 - 2030 (USD Billion)
7. Global Bio-lubricants Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 7.3. Industrial
- 7.3.1. Global Bio-lubricants Market, by Industrial, by Region, 2018 - 2030 (USD Billion)
- 7.4. Automotive and Transportation
- 7.4.1. Global Bio-lubricants Market, by Automotive and Transportation, by Region, 2018 - 2030 (USD Billion)
- 7.5. Mining
- 7.5.1. Global Bio-lubricants Market, by Mining, by Region, 2018 - 2030 (USD Billion)
- 7.6. Building and Construction
- 7.6.1. Global Bio-lubricants Market, by Building and Construction, by Region, 2018 - 2030 (USD Billion)
- 7.7. Others
- 7.7.1. Global Other Bio-lubricants Market, by Region, 2018 - 2030 (USD Billion)
8. Global Bio-lubricants Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Bio-lubricants Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 8.3. Bio-lubricants Market - North America
- 8.3.1. North America: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.3.2. North America: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.3. North America: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.4. Bio-lubricants Market - U.S.
- 8.3.4.1. U.S.: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.3.4.2. U.S.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.4.3. U.S.: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.5. Bio-lubricants Market - Canada
- 8.3.5.1. Canada: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.3.5.2. Canada.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3.5.3. Canada: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4. Bio-lubricants Market - Europe
- 8.4.1. Europe: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.2. Europe.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.3. Europe: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.4. Bio-lubricants Market - UK
- 8.4.4.1. UK: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.4.2. UK.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.4.3. UK: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.5. Bio-lubricants Market - France
- 8.4.5.1. France: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.5.2. France.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.5.3. France: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.6. Bio-lubricants Market - Germany
- 8.4.6.1. Germany: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.6.2. Germany.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.6.3. Germany: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.7. Bio-lubricants Market - Italy
- 8.4.7.1. Italy: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.7.2. Italy.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.7.3. Italy: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.8. Bio-lubricants Market - Spain
- 8.4.8.1. Spain: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.8.2. Spain.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.8.3. Spain: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.9. Bio-lubricants Market - Netherlands
- 8.4.9.1. Netherlands: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.9.2. Netherlands.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.9.3. Netherlands: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.10. Bio-lubricants Market - Russia
- 8.4.10.1. Russia: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.4.10.2. Russia.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.4.10.3. Russia: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.5. Bio-lubricants Market - Asia Pacific
- 8.5.1. Asia Pacific: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.5.2. Asia Pacific.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.3. Asia Pacific: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.4. Bio-lubricants Market - China
- 8.5.4.1. China: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.5.4.2. China.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.4.3. China: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.5. Bio-lubricants Market - India
- 8.5.5.1. India: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.5.5.2. India.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.5.3. India: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.6. Bio-lubricants Market - Malaysia
- 8.5.6.1. Malaysia: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.5.6.2. Malaysia.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.6.3. Malaysia: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.7. Bio-lubricants Market - Japan
- 8.5.7.1. Japan: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.5.7.2. Japan.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.7.3. Japan: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.8. Bio-lubricants Market - Indonesia
- 8.5.8.1. Indonesia: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.5.8.2. Indonesia.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.8.3. Indonesia: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.9. Bio-lubricants Market - South Korea
- 8.5.9.1. South Korea: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.5.9.2. South Korea.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.5.9.3. South Korea: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.6. Bio-lubricants Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.4. Bio-lubricants Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.4.3. Saudi Arabia: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.5. Bio-lubricants Market - UAE
- 8.6.5.1. UAE: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.6.5.2. UAE.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.5.3. UAE: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.6. Bio-lubricants Market - Israel
- 8.6.6.1. Israel: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.6.6.2. Israel.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.6.3. Israel: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.7. Bio-lubricants Market - South Africa
- 8.6.7.1. South Africa: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.6.7.2. South Africa.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.6.7.3. South Africa: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.7. Bio-lubricants Market - Latin America
- 8.7.1. Latin America: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.7.2. Latin America.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.3. Latin America: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.4. Bio-lubricants Market - Mexico
- 8.7.4.1. Mexico: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.7.4.2. Mexico.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.4.3. Mexico: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.5. Bio-lubricants Market - Brazil
- 8.7.5.1. Brazil: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.7.5.2. Brazil.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.5.3. Brazil: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.6. Bio-lubricants Market - Argentina
- 8.7.6.1. Argentina: Bio-lubricants Market, by Base Oil Type, 2018 - 2030 (USD Billion)
- 8.7.6.2. Argentina.: Bio-lubricants Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.7.6.3. Argentina: Bio-lubricants Market, by Application, 2018 - 2030 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Albemarle Corporation
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Axel Christiernsson
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Bechem
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Chevron Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Cortec Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Emery Oleochemicals
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Environmental Lubricants Manufacturing Inc
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Exxon Mobil Corporation
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Fuchs Petrolub SE
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Kluber Lubrication
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Panolin AG
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Polnox Corporation
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Quaker Chemical Corporation
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Royal Dutch Shell PLC
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Total SE
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development