Bio-lubricants Market by Base Oil (Vegetable oil, Animal fat), Application (Hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases), End-use, Region - Global Forecast to 2025
Get in-depth analysis of the COVID-19 impact on the Bio-lubricants Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Bio-lubricants Market
Request For Special Pricing[210 Pages Report] The global bio-lubricants market size is projected to grow from USD 2.0 billion in 2020 to USD 2.4 billion by 2025, at a CAGR of 4.1% between 2020 and 2025. The demand for bio-lubricants can be attributed to the growing environmental awareness, adoption of stringent regulations, and increasing acceptance of bio-lubricants in industries.
Helped a European industrial sustainability solutions provider explore high potential industrial Biolubricants end-use segment by providing crucial insights in terms of competitive landscape, application attractiveness, new revenue pockets to decisively map its Go-to-market strategy for the bio-lubricants market.
Client’s Problem Statement
The company wants to venture into the bio-lubricants business and needed a potential market size assessment of the industrial end-use segment. The client needed comprehensive analysis pertaining to European countries that mainly depend upon the import; and the competitive scenario of the bio-lubricants market. 
MnM Approach
MnM provided a comprehensive analysis of the bio-lubricants market, with deep-dive analysis by end-use industries such as marine, agriculture and construction and manufacturing industry. Also, helped the client to comprehend the competition scenario in those segments and the change in strategy adopted by key players during the COVID19 outbreak. Supported by the crucial insights pertaining to possible disruptions in the supply chain. Identified key markets that import Biolubricants and provided an assessment of incremental revenue expected from these markets in next five years.
Revenue Impact (RI)
MnM identified new revenue stream for the client that will lead to incremental revenue of USD 18 – 25 million from the bio-lubricants business from export markets by 2025.
Vegetable base oil segment projected to lead bio-lubricants market from 2020 to 2025
On the basis of base oil, the vegetable oil segment is projected to be the largest market for bio-lubricants. The dominant market position of the vegetable oil segment can be attributed to its high biodegradability, less toxic, and high lubricity. The growth can also be attributed to the abundant availability of vegetable oil seeds which are used as raw materials.
Industrial segment estimated to be largest end user of bio-lubricants
The industrial segment includes the marine industry and agriculture & construction industry. These two industries are the largest consumers of bio-lubricants. Additionally, various regulations such as the vessel general permit (VGP) in the US and EcoLabel in Europe has made it mandatory to use bio-lubricants or environmentally accepted lubricants (EAL) in shipping vessels, which is driving the market.
Europe estimated to account for highest share of the global bio-lubricants market
The European region is projected to lead the global bio-lubricants market from 2020 to 2025. Stringent regulations and the ongoing transition towards bioeconomy in countries such as Germany, Italy, Nordic countries, Benelux, and France are promoting the use of bio-based chemicals such as bio-lubricants and biofuels in the region.
Key Market Players
Key players such ExxonMobil (US), Royal Dutch Shell (Netherlands), Total S.A (France), Cargill Inc. (US), BP (UK), FUCHS Group (Germany), and Panolin AG (Switzerland) have adopted various strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the bio-lubricants market.
Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2018–2025 |
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Base year considered |
2019 |
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Forecast period |
2020–2025 |
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Forecast units |
Value (USD Million) and Volume (Kiloton) |
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Segments covered |
Base Oil, Application, End-Use, and Region |
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Geographies covered |
North America, Asia Pacific, Europe, South America, and Middle East & Africa |
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Companies covered |
ExxonMobil (US), Royal Dutch Shell (Netherlands), Total S.A (France), Cargill (US), BP (UK), Emery Oleochemicals (Malaysia), FUCHS Group (Germany), Panolin (Switzerland), Kluber Lubrication (Germany), and Binol Lubricants (Sweden) are the top 10 manufacturers are covered in the bio-lubricants market. |
This research report categorizes the bio-lubricants market based on base oil, application, end-use industry, and region.
Bio-lubricants Market, By Base Oil
- Vegetable oil
- Animal fat
- Others ( synthetic ester)
Bio-lubricants Market, By Application
- Hydraulic oil
- Metalworking fluids
- Chainsaw oil
- Mold release agents
- Two-cycle engine oils
- Gear oils
- Greases
- Others (transformer oils, refrigeration fluids, and textile machinery oils)
Bio-lubricants Market, By End-use Industry
- Industrial (marine, mining & metallurgy, energy & power, and food & pharmaceutical)
- Commercial Transport
- Consumer Automobile
Bio-lubricants Market, By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Recent Developments:
- In March 2020, Royal Dutch Shell announced the expansion of the lubricant production facility located at Marunda Centre, Indonesia. After the expansion, the plant will be capable of 300-million-liter lubricant production
- In December 2019, FUCHS Group acquired 50% shares of three distributor companies based in Zimbabwe, Zambia, and Mozambique to enhance its presence in the sub-Saharan Africa region.
- In January 2018, ExxonMobil launched Mobil SHC Aware HS (Hydraulic System) Series hydraulic oils, which provides protection in challenging marine operating environments and meet VGP requirements for EAL. This will provide the company with a competitive advantage over others in the bio-lubricants market in the marine application segment.
Key Questions Addressed in the Report:
- What are the global trends in the bio-lubricants market? Would the market witness an increase or decline in demand in the coming years?
- What is the estimated demand for the different types of bio-lubricants?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the upcoming industry applications and trends for bio-lubricants?
- What are the new revenue pockets for suppliers?
- Who are the major players in the bio-lubricants market globally?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Scope
1.4. Currency
1.5. Package Size
1.6. Limitation
1.7. Stakeholders
1.8. Summary of Change
2 Research Methodology
2.1. Research Data
2.1.1. Secondary Data
2.1.1.1. Key Data From Secondary Sources
2.1.2. Primary Data
2.1.2.1. Key Data From Primary Sources
2.1.2.2. Key Industry Insights
2.1.2.3. Breakdown of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottom-Up Approach
2.2.2. Top-Down Approach
2.3. Data Triangulation
2.4. Assumptions
3 Executive Summary
4 Market Overview
4.1. Introduction
4.2. Global Market Size Analysis and Forecast
4.3. Forecast Impact Factors
4.3.1. Impact of Covid19 on the industry
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Challenges
4.4.4. Opportunity
4.5. Porter’s Five Forces
4.6. Supply Chain and Value Chain Analysis
4.7. Regulation
4.8. Patent Analysis
4.9. Ecosystem/Market Map
4.10. Average Selling Price Trend
4.11. Cost Structure Analysis
5 Biolubricants Market, By Base Oil Type – Forecast till 2025
5.1. Introduction
5.2. Vegetable Oils
5.2.1. Rapeseed
5.2.2. Canola
5.2.3. Sunflower
5.2.4. Palm oil
5.2.5. Others
5.3. Animal Fats
5.4. Others
6 Biolubricants Market, By Application – Forecast till 2025 (Volume and Value)
6.1. Introduction
6.2. Hydraulic Fluids
6.3. Metalworking Fluids
6.4. Chainsaw Oils
6.5. Mold Release Agents
6.6. Two-Cycle Engine Oils
6.7. Gear Oils
6.8. Greases
6.9. Others
7 Biolubricants Market, By End Use – Forecast till 2025 (Volume and Value)
7.1. Introduction
7.2. Industrial
7.2.1. Marine
7.2.2. Foods & pharmaceuticals
7.2.3. Energy & Power
7.2.4. Mining & Metallurgy
7.2.5. Others
7.3. Commercial Transport
7.4. Consumer Automobile
8 Biolubricants Market, By Region – Forecast till 2025 (Volume and Value)
8.1. Introduction
8.2. Supply-Demand Scenario
8.3. Average Selling Price Trend (2015-18)
8.4. North America
8.4.1. The US
8.4.2. Canada
8.4.3. Mexico
8.5. Europe
8.5.1. Germany
8.5.2. NORDIC
8.5.3. Italy
8.5.4. BENELUX
8.5.5. Switzerland
8.5.6. Rest of Europe
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. South Korea
8.6.5. Malaysia
8.6.6. Indonesia
8.6.7. Rest of Asia-Pacific
8.7. South America
8.7.1. Brazil
8.7.2. Argentina
8.7.3. Rest of South America
8.8. Middle East & Africa
8.8.1. Egypt
8.8.2. South Africa
8.8.3. Rest of the Middle East & Africa
9 Competitive Landscape
9.1. Overview
9.2. Industry Structure / Market Share* Analysis (Consolidate/ Fragmented, Tier Structure, etc.)
9.3. Expansion
9.4. Merger & Acquisition
9.5. Joint Venture
9.6. Agreement
9.7. Investment
10 Company Profiles
(Business Overview, Financial^, Products & Services, Production capacities, Key Strategy, and Developments)
10.1. Royal Dutch Shell Plc
10.2. Total SA
10.3. Chevron Corporation
10.4. BP Plc
10.5. Albemarle Corporation
10.6. Fuchs Petrolub AG
10.7. Panolin AG
10.8. Klüber Lubrication München Se & Co. Kg
10.9. Emery Oleochemicals
10.10. Binol Lubricants
10.11. Rsc Bio Solutions
10.12. Carl Bechem
10.13. Igol Lubricants
10.14. Biona Jersín S.R.O.
10.15. Vickers Oil
10.16. Kajo Chemie
10.17. Renewable Lubricants
10.18. Polnox Corporation
10.19. Magna Group
10.20. Green Earth Technologies Inc.
10.21. Rowe Mineralolwerk Gmbh
10.22. Balmer Lawrie
10.23. Advonex International
10.24. Mint Biofuels Ltd
Note:
The above list of suppliers is indicative will be updated during the course of research
*best effort basis
^Financial will be available for listed companies
The study involved four major activities for estimating the current size of the global bio-lubricants market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of bio-lubricants through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the bio-lubricants market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the bio-lubricants market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies; trade directories; and databases.
Primary Research
Various primary sources from both the supply and demand sides of the bio-lubricants market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the bio-lubricants industry. The primary sources from the demand-side included key executives from end-use industries. The breakdown of the profiles of primary respondents is as follows:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the global bio-lubricants market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
- The key players were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage split and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the bio-lubricants market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
Report Objectives
- To define, analyze, and project the size of the bio-lubricants market in terms of value and volume based on base oil type, application, end-use, and region
- To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the total market
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
- To analyze the competitive developments, such as new product launches, expansions, and acquisitions, in the bio-lubricants market
- To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to client-specific needs.
The following customization options are available for the bio-lubricants report:
Product Analysis:
- Product matrix, which offers a detailed comparison of the product portfolio of companies
Regional Analysis
- Further analysis of the bio-lubricants market for additional countries
Company Information
- Detailed analysis and profiling of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Bio-lubricants Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Bio-lubricants Market
General information on bio based lubricants manufacturers in APAC/India
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ongoing trends in the market, global and regional demand scenario, leading end-users, types of lubricants in use, future growth and leading players.
Market dynamics, growth trends, key manufacturers present in the market
General information on hydraulic fluids
Specific interest on bio lubricants market size for Indonesia