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Global Bio-Lubricants Market to Reach US$ 2.73 Billion by 2027, Bolstered by Favorable Government Regulations

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Bio-Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global bio-lubricants market reached a value of US$ 2.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.73 Billion by 2027, exhibiting at a CAGR of 4.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. 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:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Base Oil Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global bio-lubricants market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bio-lubricants market?
  • What are the key regional markets?
  • What is the breakup of the market based on the base oil type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bio-lubricants market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

Figure 1: Global: Bio-lubricants Market: Major Drivers and Challenges
Figure 2: Global: Bio-lubricants Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Bio-lubricants Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Bio-lubricants Market: Breakup by Base Oil Type (in %), 2021
Figure 5: Global: Bio-lubricants Market: Breakup by Application (in %), 2021
Figure 6: Global: Bio-lubricants Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Bio-lubricants Market: Breakup by Region (in %), 2021
Figure 8: Global: Bio-lubricants (Vegetable Oils) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Bio-lubricants (Vegetable Oils) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Bio-lubricants (Animal Fats) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Bio-lubricants (Animal Fats) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Bio-lubricants (Hydraulic Fluids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Bio-lubricants (Hydraulic Fluids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Bio-lubricants (Metalworking Fluids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Bio-lubricants (Metalworking Fluids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Bio-lubricants (Chainsaw Oils) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Bio-lubricants (Chainsaw Oils) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Bio-lubricants (Mold Release Agents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Bio-lubricants (Mold Release Agents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Bio-lubricants (Two-Cycle Engine Oils) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Bio-lubricants (Two-Cycle Engine Oils) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Bio-lubricants (Gear Oils and Greases) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Bio-lubricants (Gear Oils and Greases) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Bio-lubricants (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Bio-lubricants (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Bio-lubricants (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Bio-lubricants (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Bio-lubricants (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Bio-lubricants (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Bio-lubricants (Heavy Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Bio-lubricants (Heavy Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Bio-lubricants (Food & Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Bio-lubricants (Food & Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Bio-lubricants (Metallurgy & Metalworking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Bio-lubricants (Metallurgy & Metalworking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Bio-lubricants (Chemical Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Bio-lubricants (Chemical Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Bio-lubricants (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Bio-lubricants (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: North America: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: North America: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Bio-lubricants Market: Breakup by Country (in %), 2021
Figure 43: United States: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Bio-lubricants Market: Breakup by Country (in %), 2021
Figure 50: China: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Europe: Bio-lubricants Market: Breakup by Country (in %), 2021
Figure 67: Germany: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Latin America: Bio-lubricants Market: Breakup by Country (in %), 2021
Figure 84: Brazil: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Brazil: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Mexico: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Mexico: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Others: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Others: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Middle East and Africa: Bio-lubricants Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Middle East and Africa: Bio-lubricants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Bio-lubricants Market: Breakup by Country (in %), 2021
Figure 93: Global: Bio-lubricants Industry: SWOT Analysis
Figure 94: Global: Bio-lubricants Industry: Value Chain Analysis
Figure 95: Global: Bio-lubricants Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bio-lubricants Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Bio-lubricants Market Forecast: Breakup by Base Oil Type (in Million US$), 2022-2027
Table 3: Global: Bio-lubricants Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Bio-lubricants Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Bio-lubricants Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Bio-lubricants Market: Competitive Structure
Table 7: Global: Bio-lubricants Market: Key Players


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