The global Biolubricants Market Size is estimated to be US$ 2.25 Billion in 2023 and is poised to register 4.93% growth over the forecast period from 2023 to 2030.
Key market driving forces include strong demand from the automotive industry, rapid industrialization rate in emerging markets, growing awareness towards energy efficiency, the rise of biodegradable lubricant additives, potential advantages of Biolubricants encouraging use across industries, R&D initiatives focus on property enhancement, cost reduction, and niche applications are identified among main market dynamics
Biolubricants Market Analysis
Increasing consumer acceptance of bio-based lubricants, government regulations, R&D activities supporting wider applications for Biolubricants, and rapid industrialization in developing countries are shaping the market outlook.
The global Biolubricants market is valued at around USD 2.25 billion and is characterized by a large number of small- and large-scale players operating in the market. Despite strong competition from mineral oil-based substitutes in automotive and industrial applications, the demand for Biolubricants continues to remain strong over the forecast period.
The research identifies major types including Plant based Biolubricants and animal-based raw Biolubricants. Of these oil types, Plant-based Biolubricants dominate the global markets. In particular, the use of vegetable oils including Palm oil (predominantly produced in Asian markets), soybean oil (widely available in the US and Brazil), and canola oil (marketed broadly in Europe) for bio-lubricant manufacturing is observed.
Among different applications using Biolubricants, the automotive and transportation sector is the dominant user of Biolubricants. Further, industrial uses of Biolubricants including wide adoption in the marine industry, agriculture, farming, mining, metals, construction, food processing, and others present strong market scope for companies operating in the industry.
Shifting consumer preferences, and ease of brand switching, coupled with an emphasis on quality, distribution efficiency, brand awareness, and others remain key factors determining success for companies. Increasing competition among players and demand for advanced lubricant products and additives is encouraging companies to widely market Biolubricants specific to individual applications.
Global Bio Lubricants Market Size Outlook, USD Billion, 2020- 2028
Market Dynamics
Market Driver- Strong Demand growth from Automotive Industry
To improve the functionality of a vehicle’s interior properties including improving fuel efficiency, reducing carbon emissions, friction reduction, corrosion inhibition, anti-wear, anti-oxidant, viscosity index improvement, and other functions, automakers often use lubricants and additives in engines, steam turbines, gears, hydraulic systems and others.
Globalization in the automotive and transportation industry resulted in increased sales of passenger cars and light commercial vehicles, which is strengthening the demand for different automotive lubricants. Further, the transportation sector, in particular, is among the main consumers of lubricant additives worldwide.
Corporate Average Fuel Economy (CAFE) regulations in North America and the drive towards fuel efficiency across markets will support the use of high-performing lubricants market growth.
Market Trend- Rapid Industrialization Rate in Emerging Markets
Rapid industrialization in the Asia Pacific and Latin American countries including China, India, Indonesia, Thailand, Brazil, and Argentina is encouraging these countries to be the most attractive markets for lubricant manufacturers and suppliers. Growing manufacturing in Malaysia, Vietnam, Colombia, and Chile will further support market growth. Low production costs, availability of skilled labor, presence of supportive industries, and drive towards domestic manufacturing are among the major factors driving automotive, and industrial sectors in these countries. Further, Middle Eastern countries are also developing large-scale infrastructure projects, which fuels the demand in the building and construction sector in these markets. We anticipate a steady increase in plant-based and animal-based lubricants in the rapidly emerging industrial markets.
Market Opportunity- Rise of Biodegradable Lubricant Additives
Mineral oil-based lubricants and additives pose challenges of high friction, emission of carbon dioxide and other residues, and poor degradability. With countries across the world focusing on reducing carbon emissions, an increasing volume of companies are focusing on the development of environment-friendly, bio-degradable lubricants and additives. Vegetable oil, synthetic-based oils with applications including chain saw oils, hydraulic fluids, outboard motor oils, sawmill oils, and transformer fluids. However, challenges corresponding to cold-temperature use and storage restrict the wide use of these natural lubricants. Accordingly, companies are investing significantly in overcoming the challenges of these products to market them at commercial scales for diverse applications.
Bio Lubricants Market Outlook by Type-
Market Segmentation
The global Biolubricants Market is segmented into Types, Applications, and Countries.
Plant-based are the largest type of Biolubricants Market with 74.2% market share in 2022
Biolubricants are largely produced using vegetable oils as a feedstock due to the key advantages offered by vegetable oils such as excellent lubricity. The viscosity index of vegetable oils is superior compared to mineral oils. For instance, soybean oil has a viscosity index of 223 compared to around 100 for mineral oils. Further flash points of soybean oil are around 326 °C compared to around 200 °C for mineral oils. Further, vegetable oils offer potential advantages such as low toxicity and biodegradability, no sulfur emissions, and lower greenhouse gas emissions compared to conventional lubricants. Non-edible crops such as Jatropha, Karanja, Mahua, Neem, Castor, and Tobacco are also used for the production of Biolubricants.
Despite the high costs of Biolubricants using vegetable oil feedstock over conventional mineral lubricants, government regulations and the drive towards environment-friendly fuels are encouraging market acceptance for the products. However, the feedstock availability for Biolubricants faces intense competition from the use of vegetable oil in food and feed applications.
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The industrial sector is growing at the highest CAGR during the forecast period
Plant and animal oil-based lubricants present strong growth potential as lubricants across industries such as marine, food and beverages, mining, metal products, paper and pulp, chemicals, agriculture, energy and utilities, forestry machine, boating, and others. Government regulations coupled with increasing acceptance of biofuels is providing impetus for increasing the demand and usage of plant oils as lubricants.
A significant volume of lubricants is washed off into water due to leakages and disposals. Total, Exxon, Castrol, Fuchs, Shell, BP, and others are increasingly producing Biolubricants with specific properties to cater to individual applications.
Further, food-grade lubricants are also being manufactured to cater to food, pharmaceuticals, and other industry requirements. Machines operating in environments where they have a possibility of getting in contact with food require food-grade lubricants. Products made from edible plant oils are widely preferred in these industries.
Europe remains the dominant user of the Biolubricants market for the period 2023 to 2030
Europe remains the dominant user of the Biolubricants market largely driven by huge consumption volumes in Western European countries of Germany, France, the UK, Spain, Italy, and other markets.
Germany- Increasing application transportation and manufacturing industries due to environmental concerns supports the German Biolubricants market growth. The high affordability of consumers in the country coupled with government regulations supports the market. In particular, industrial applications involving machinery that loses oil directly into the environment during operation opt for Biolubricants. Further, a significant volume of R&D is observed in the country, driven by government support. Small and large companies are focusing on scaling up the use of different vegetable oils from pilot scale to industrial scale production for niche applications.
Rapeseed oil remains the dominant vegetable oil used in Germany. Around 40% of palm oil is used in food applications while the remaining is used in industrial and biodiesel applications. Animal fats are also increasingly being used in the German Biolubricants market.
Segmentation
By Type
By Application
By Region
Key Players
Leading companies profiled in the study include-
Biolubricants Market Outlook 2023
1 Market Overview
1.1 Introduction to Biolubricants Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Biolubricants Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Biolubricants Market Companies with Area Served
4.2.2 Products Offerings Global Biolubricants Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Biolubricants Market Trends
6.1 Global Biolubricants Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Biolubricants Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Biolubricants Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Biolubricants Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Biolubricants Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Biolubricants Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Biolubricants Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Biolubricants Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Biolubricants Development Regional Status and Outlook
8.1 Global Biolubricants Revenue (USD Million) By Regions (2018-2022)
8.2 North America Biolubricants Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Biolubricants Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Biolubricants Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Biolubricants Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Biolubricants Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Biolubricants Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Biolubricants Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Biolubricants Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Biolubricants Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Biolubricants Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Biolubricants Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Biolubricants Revenue (USD Million) by Applications (2018-2022)
8.5 South America Biolubricants Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Biolubricants Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Biolubricants Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Biolubricants Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Biolubricants Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Biolubricants Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Biolubricants Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Biolubricants Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Biolubricants Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Biolubricants Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Biolubricants Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Biolubricants Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Biolubricants Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Biolubricants Development Regional Status and Outlook Forecast
11.1 Global Biolubricants Revenue (USD Million) By Regions (2023-2028)
11.2 North America Biolubricants Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Biolubricants Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Biolubricants Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Biolubricants Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Biolubricants Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Biolubricants Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Biolubricants Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Biolubricants Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Biolubricants Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Biolubricants Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Biolubricants Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Biolubricants Revenue (USD Million), by Applications (2023-2028)
11.5 South America Biolubricants Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Biolubricants Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Biolubricants Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Biolubricants Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Biolubricants Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Biolubricants Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Biolubricants Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Biolubricants Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Biolubricants Market Companies with Areas Served
Table 3 Products Offerings Global Biolubricants Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Biolubricants Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Biolubricants Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Biolubricants Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Biolubricants Revenue (USD Million) By Type (2018-2022)
Table 11 Global Biolubricants Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Biolubricants Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Biolubricants Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Biolubricants Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Biolubricants Market Share (%) By Regions (2018-2022)
Table 16 North America Biolubricants Revenue (USD Million) By Country (2018-2022)
Table 17 North America Biolubricants Revenue (USD Million) By Type (2018-2022)
Table 18 North America Biolubricants Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Biolubricants Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Biolubricants Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Biolubricants Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Biolubricants Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Biolubricants Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Biolubricants Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Biolubricants Revenue (USD Million) By Country (2018-2022)
Table 26 South America Biolubricants Revenue (USD Million) By Type (2018-2022)
Table 27 South America Biolubricants Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Biolubricants Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Biolubricants Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Biolubricants Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Biolubricants Revenue (USD Million) By Type (2023-2028)
Table 33 Global Biolubricants Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Biolubricants Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Biolubricants Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Biolubricants Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Biolubricants Revenue (USD)By Country (2023-2028)
Table 38 North America Biolubricants Revenue (USD Million) By Type (2023-2028)
Table 39 North America Biolubricants Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Biolubricants Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Biolubricants Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Biolubricants Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Biolubricants Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Biolubricants Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Biolubricants Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Biolubricants Revenue (USD Million) By Country (2023-2028)
Table 47 South America Biolubricants Revenue (USD Million) By Type (2023-2028)
Table 48 South America Biolubricants Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Biolubricants Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Biolubricants Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Biolubricants Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Biolubricants Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Biolubricants Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Biolubricants Revenue Market Share (%) By Type (2022)
Figure 5 Global Biolubricants Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Biolubricants Revenue Market Share (%) By Applications (2022)
Figure 7 Global Biolubricants Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Biolubricants Market Share (%) By Regions (2022)
Figure 9 North America Biolubricants Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Biolubricants Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Biolubricants Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Biolubricants Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Biolubricants Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Biolubricants Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Biolubricants Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Biolubricants Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Biolubricants Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Biolubricants Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Biolubricants Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Biolubricants Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Biolubricants Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Biolubricants Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Biolubricants Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Biolubricants Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Biolubricants Revenue Market Share (%) By Type (2028)
Figure 26 Global Biolubricants Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Biolubricants Revenue Market Share (%) By Applications (2028)
Figure 28 Global Biolubricants Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Biolubricants Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Biolubricants Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Biolubricants Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Biolubricants Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Biolubricants Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Biolubricants Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Biolubricants Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Biolubricants Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Biolubricants Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Biolubricants Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Biolubricants Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Biolubricants Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Biolubricants Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Biolubricants Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Biolubricants Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Biolubricants Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
The global Biolubricants Market Size is estimated to be US$ 2.25 Billion in 2023
The market is poised to register 4.93% growth over the forecast period from 2023 to 2030
Total SA, Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell Plc, Fuchs Petrolub SE, Cargill Inc, BP Plc, Emery Oleochemicals, FUCHS Group, Kluber Lubrication
Plant-based Biolubricants, the Industrial sector, and North America are the fastest-growing segments in the market.