[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.
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 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.
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.
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.
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 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.
Market size available for years
Base year considered
Value (USD Million) and Volume (Kiloton)
Base Oil, Application, End-Use, and Region
North America, Asia Pacific, Europe, South America, and Middle East & Africa
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.
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Table of Contents
1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Scope
1.5. Package Size
1.8. Summary of Change
2 Research Methodology
2.1. Research Data
2.1.1. Secondary Data
126.96.36.199. Key Data From Secondary Sources
2.1.2. Primary Data
188.8.131.52. Key Data From Primary Sources
184.108.40.206. Key Industry Insights
220.127.116.11. 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
3 Executive Summary
4 Market Overview
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
4.5. Porter’s Five Forces
4.6. Supply Chain and Value Chain Analysis
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
5.2. Vegetable Oils
5.2.4. Palm oil
5.3. Animal Fats
6 Biolubricants Market, By Application – Forecast till 2025 (Volume and Value)
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
7 Biolubricants Market, By End Use – Forecast till 2025 (Volume and Value)
7.2.2. Foods & pharmaceuticals
7.2.3. Energy & Power
7.2.4. Mining & Metallurgy
7.3. Commercial Transport
7.4. Consumer Automobile
8 Biolubricants Market, By Region – Forecast till 2025 (Volume and Value)
8.2. Supply-Demand Scenario
8.3. Average Selling Price Trend (2015-18)
8.4. North America
8.4.1. The US
8.5.6. Rest of Europe
8.6. Asia Pacific
8.6.4. South Korea
8.6.7. Rest of Asia-Pacific
8.7. South America
8.7.3. Rest of South America
8.8. Middle East & Africa
8.8.2. South Africa
8.8.3. Rest of the Middle East & Africa
9 Competitive Landscape
9.2. Industry Structure / Market Share* Analysis (Consolidate/ Fragmented, Tier Structure, etc.)
9.4. Merger & Acquisition
9.5. Joint Venture
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
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.
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.
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:
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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:
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.
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