Recycled Base Oil Market- Global Industry Analysis and Forecast (2024-2030)


Recycled Base Oil Market size is expected to reach US$ 34.02 Bn. by 2029, growing at a CAGR of 5.1% during the forecast period.

Global Recycled Base Oil Market drivers and restraints are covered in the MMR report by region since each region has different market dynamics. Demand drivers and restraints are covered in a separate chapter by keeping the user’s convenience in mind. Drivers are divided by demand-side drivers and supply side. Such as,Recycled Base Oil MarketTo know about the Research Methodology :- Request Free Sample Report

• Demand Side Drivers:

• Automotive industry is expected to dominate North America Recycled Base Oil Market during the forecast period, accounting a share of XX%.
• The U.S. is expected to dominate the global market with US$ XX Mn by 2029 thanks to growing demand for eco-friendly lubricants in industrial applications.
• The demand for hydraulic fluids like petroleum and bio-based oil increased by XX % in 2021.
• Demand drivers in detail by region and applications are analyzed in the report in brief.

• Supply Side Drivers:

• The market is driven by large players meeting xx% of the demand, which include supplier, and distributors
• These players are pushing multiple offerings at different price points
• Key players are adopting collaborative business strategy because of major factors such as to increase their productivity of recycled oil, to offer highly-regarded products to customers, and to expand their regional and countrywide presences.
• Valvoline LLC is one of the global leading marketing and suppliers of lubricants and automotive services. In 2021, the total revenue of Valvoline was US$ 2.39 Bn.

Drivers: Increasing environmental concern, rising number of automobiles across the world, growing demand for eco-friendly lubricants, among others are the key factors resulting in the market to grow at a CAGR of XX% by 2029.

Growing Demand for Eco-Friendly Lubricants

Growing demand for eco-friendly lubricants in industrial usages, such as metalworking fluids, heat transfer fluids, and hydraulic fluids is driving the demand for recycled base oil in Europe and North America.

Environmental and Safety Benefits

Major players are working towards a cleaner world with solutions that benefit are expected to have less negative impact on environment. When oils are collected separately, energy is saved in the processing and the CO2 footprint of the product is reduced. This makes it possible to save natural resources and achieve savings in costs.

Restraints: Lack of Knowledge for Recycling Of Used Oils

The global recycled base oil market is hampered by lack of knowledge for recycling of used oils. Due to lack of environmental awareness in some of the countries like middle east and south America, most of this used oil ends up in the ground or trash soil.

Opportunities: Industrial and Automotive Industry Growth

Rising FDIs and growing urbanization in the industrial and automotive sector, mainly in China, Korea and India are expected to offer significant opportunities to manufacturers of recycled base oil in the upcoming years.

Covid-19 Impact on the Global Recycled Base Oil market:

• Impact on the automotive industry: in 2021, more than 80% of automotive production in the USA has come to a halt due to the COVID-19 pandemic.
• Impact on industrial oil: The demand for industrial oil is highly dependent on factors like economic health and the recovery of the manufacturing industry and others. The industrial segment has changed dramatically since Dec 2021 down to the COVID-19 pandemic, which has activated extreme financial uncertainty.
• The MMR report covers an in-depth analysis of COVID 19 pandemic impact industry, global and regional market, and raw material suppliers.

Recycled Base Oil Market Segment Analysis:

Rising prices of crude oil and petrochemical sources are dropping are encouraging oil companies to find new methods to utilize and re-refine waste oil. This major factor is driving the demand for recycled base oil in automotive industry across the globe.

Growing the population in the economies like China, India is driving the demand for the automotive industry, and thus boosting the market for the automotive field segment of the recycled base oil.
Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the automotive field’s market size globally.

Recycled Base Oil Market Region-wise Analysis:

Regional analysis is a highly comprehensive part of the research and analysis study of the global recycled base oil market presented in the MMR report.

Implementation of stringent rules and regulations on the disposal of recycled oil in emerging countries such as India, China, Indonesia, and Japan, is expected to offer a significant opportunity to companies of recycled base oil operating in the APAC during 2021-2029.

Rising GDP led by the growing industrial activities in the APAC region has increased the demand for base oil in 2021. Additionally, the growth of automotive, metalworking fluids and other industry are responsible for the growth of the APAC recycled base oil market.

Global Recycled Base Oil Market Competitive Analysis:

The MMR report also focuses on global major leading industry players of Global Recycled Base Oil Market providing information such as company profiles, production, cost, and revenue. For Example, Valvoline is the major player in the global market for recycled base oil. In 2021, the total revenue of Valvoline was US$ XX Mn. Valvoline LLC has launched a new line of motor oil that contains 50% recycled oil. The NextGen brand decreases fossil fuel use, lowers emissions and aids keep used oil out of water supplies.

The objective of the report is to present a comprehensive analysis of the Global Recycled Base Oil Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Recycled Base Oil Market dynamics, structure by analyzing the market segments and projects the Global Recycled Base Oil Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Recycled Base Oil Market make the report investor’s guide.

 Recycled Base Oil Market Scope: Inquire before buying






Recycled Base Oil Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 22.85 Bn.




Forecast Period 2022 to 2029 CAGR:
5.1%
Market Size in 2029:
US $ 34.02 Bn.




 Segments Covered:
by Application
• Introduction and Definition
• Key Findings






 Recycled Base Oil Market Key Players

• Valvoline LLC
• Vision Recycling and Reprocessing LLC
• Gulf Basin Petroleum Recycling Co.
• Fortum Corporation
• Terrapure Environmental
• Hering –VPT GmbH
• SHARAF CO OIL REFINERY AND IND .CO.LLC
• National Friendly Environment LLC
• Green Oil and Lubes SRL
• Rahaoil Inc.
• LOTOS OIL Sp.z.o.o
• Southern Counties Lubricants LLC
• Inmaa International
• Benzoil Pvt Ltd.
• EcoLube Recovery
• Rajkamal Group Of Companies
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global Recycled Base Oil Market?
Ans: Asia Pacific region held the highest share in 2021.

2. What is the growth rate of Global Recycled Base Oil Market?
Ans: The Global Recycled Base Oil Market is growing at a CAGR of 5.1% during forecasting period 2022-2029.

3. What is scope of the Global Recycled Base Oil market report?
Ans: Global Recycled Base Oil Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Recycled Base Oil market?
Ans: The important key players in the Global Recycled Base Oil Market are – Valvoline LLC, Vision Recycling and Reprocessing LLC, Gulf Basin Petroleum Recycling Co., Fortum Corporation, Terrapure Environmental, Hering –VPT GmbH, SHARAF CO OIL REFINERY AND IND .CO.LLC, National Friendly Environment LLC, Green Oil and Lubes SRL, Rahaoil Inc., LOTOS OIL Sp.z.o.o, Southern Counties Lubricants LLC, Inmaa International, Benzoil Pvt Ltd., EcoLube Recovery, Rajkamal Group Of Companies, and Others

5. What is the study period of this market?
Ans: The Global Recycled Base Oil Market is studied from 2021 to 2029. 




Global Recycled Base Oil Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Recycled Base Oil Market Size, by Market Value (US$ Bn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. Global Recycled Base Oil Market Analysis and Forecast
6.1. Recycled Base Oil Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Recycled Base Oil Market Analysis and Forecast, By Application
7.1. Introduction and Definition
7.2. Key Findings
7.3. Recycled Base Oil Market Value Share Analysis, By Application
7.4. Recycled Base Oil Market Size (US$ Bn) Forecast, By Application
7.5. Recycled Base Oil Market Analysis, By Application
7.6. Recycled Base Oil Market Attractiveness Analysis, By Application

8. Global Recycled Base Oil Market Analysis, by Region
8.1. Recycled Base Oil Market Value Share Analysis, by Region
8.2. Recycled Base Oil Market Size (US$ Bn) Forecast, by Region
8.3. Recycled Base Oil Market Attractiveness Analysis, by Region

9. North America Recycled Base Oil Market Analysis
9.1. Key Findings
9.2. North America Recycled Base Oil Market Overview
9.3. North America Recycled Base Oil Market Value Share Analysis, By Application
9.4. North America Recycled Base Oil Market Forecast, By Application
9.4.1. Automotive Fields
9.4.2. Process Oils
9.4.3. Industrial Oils
9.4.4. Metalworking Fluids
9.4.5. Hydraulic Fluids
9.4.6. Others
9.5. North America Recycled Base Oil Market Value Share Analysis, by Country
9.6. North America Recycled Base Oil Market Forecast, by Country
9.6.1. US
9.6.2. Canada
9.6.3. Mexico
9.7. North America Recycled Base Oil Market Analysis, by Country
9.8. USA Recycled Base Oil Market Forecast, By Application
9.8.1. Automotive Fields
9.8.2. Process Oils
9.8.3. Industrial Oils
9.8.4. Metalworking Fluids
9.8.5. Hydraulic Fluids
9.8.6. Others
9.9. Canada Recycled Base Oil Market Forecast, By Application
9.9.1. Automotive Fields
9.9.2. Process Oils
9.9.3. Industrial Oils
9.9.4. Metalworking Fluids
9.9.5. Hydraulic Fluids
9.9.6. Others
9.10. Mexico Recycled Base Oil Market Forecast, By Application
9.10.1. Automotive Fields
9.10.2. Process Oils
9.10.3. Industrial Oils
9.10.4. Metalworking Fluids
9.10.5. Hydraulic Fluids
9.10.6. Others
9.11. North America Recycled Base Oil Market Attractiveness Analysis
9.11.1. By Application
9.12. PEST Analysis
9.13. Key Trends
9.14. Key Developments

10. Europe Recycled Base Oil Market Analysis
10.1. Key Findings
10.2. Europe Recycled Base Oil Market Overview
10.3. Europe Recycled Base Oil Market Value Share Analysis, By Application
10.4. Europe Recycled Base Oil Market Forecast, By Application
10.4.1. Automotive Fields
10.4.2. Process Oils
10.4.3. Industrial Oils
10.4.4. Metalworking Fluids
10.4.5. Hydraulic Fluids
10.4.6. Others
10.5. Europe Recycled Base Oil Market Value Share Analysis, by Country
10.6. Europe Recycled Base Oil Market Forecast, by Country
10.6.1. UK
10.6.2. France
10.6.3. Germany
10.6.4. Italy
10.6.5. Spain
10.6.6. CIS countries
10.6.7. Rest of Europe
10.7. Europe Recycled Base Oil Market Analysis, by Country
10.8. UK Recycled Base Oil Market Forecast, By Application
10.8.1. Automotive Fields
10.8.2. Process Oils
10.8.3. Industrial Oils
10.8.4. Metalworking Fluids
10.8.5. Hydraulic Fluids
10.8.6. Others
10.9. France Recycled Base Oil Market Forecast, By Application
10.9.1. Automotive Fields
10.9.2. Process Oils
10.9.3. Industrial Oils
10.9.4. Metalworking Fluids
10.9.5. Hydraulic Fluids
10.9.6. Others
10.10. Germany Recycled Base Oil Market Forecast, By Application
10.10.1. Automotive Fields
10.10.2. Process Oils
10.10.3. Industrial Oils
10.10.4. Metalworking Fluids
10.10.5. Hydraulic Fluids
10.10.6. Others
10.11. Italy Recycled Base Oil Market Forecast, By Application
10.11.1. Automotive Fields
10.11.2. Process Oils
10.11.3. Industrial Oils
10.11.4. Metalworking Fluids
10.11.5. Hydraulic Fluids
10.11.6. Others
10.12. Spain Recycled Base Oil Market Forecast, By Application
10.12.1. Automotive Fields
10.12.2. Process Oils
10.12.3. Industrial Oils
10.12.4. Metalworking Fluids
10.12.5. Hydraulic Fluids
10.12.6. Others
10.13. CIS countries Recycled Base Oil Market Forecast, By Application
10.13.1. Automotive Fields
10.13.2. Process Oils
10.13.3. Industrial Oils
10.13.4. Metalworking Fluids
10.13.5. Hydraulic Fluids
10.13.6. Others
10.14. Rest of Europe Recycled Base Oil Market Forecast, By Application
10.14.1. Automotive Fields
10.14.2. Process Oils
10.14.3. Industrial Oils
10.14.4. Metalworking Fluids
10.14.5. Hydraulic Fluids
10.14.6. Others
10.15. Europe Recycled Base Oil Market Attractiveness Analysis
10.15.1. By Application
10.16. PEST Analysis
10.17. Key Trends
10.18. Key Developments

11. Asia Pacific Recycled Base Oil Market Analysis
11.1. Key Findings
11.2. Asia Pacific Recycled Base Oil Market Overview
11.3. Asia Pacific Recycled Base Oil Market Value Share Analysis, By Application
11.4. Asia Pacific Recycled Base Oil Market Forecast, By Application
11.4.1. Automotive Fields
11.4.2. Process Oils
11.4.3. Industrial Oils
11.4.4. Metalworking Fluids
11.4.5. Hydraulic Fluids
11.4.6. Others
11.5. Asia Pacific Recycled Base Oil Market Value Share Analysis, by Country
11.6. Asia Pacific Recycled Base Oil Market Forecast, by Country
11.6.1. China
11.6.2. India
11.6.3. Japan
11.6.4. South Korea
11.6.5. Australia
11.6.6. Rest of APAC
11.6.7. ASEAN
11.6.7.1. Indonesia
11.6.7.2. Malaysia
11.6.7.3. Singapore
11.6.7.4. Philippines
11.6.7.5. Thailand
11.6.7.6. Vietnam
11.7. Asia Pacific Recycled Base Oil Market Analysis, by Country
11.8. China Recycled Base Oil Market Forecast, By Application
11.8.1. Automotive Fields
11.8.2. Process Oils
11.8.3. Industrial Oils
11.8.4. Metalworking Fluids
11.8.5. Hydraulic Fluids
11.8.6. Others
11.9. India Recycled Base Oil Market Forecast, By Application
11.9.1. Automotive Fields
11.9.2. Process Oils
11.9.3. Industrial Oils
11.9.4. Metalworking Fluids
11.9.5. Hydraulic Fluids
11.9.6. Others
11.10. Japan Recycled Base Oil Market Forecast, By Application
11.10.1. Automotive Fields
11.10.2. Process Oils
11.10.3. Industrial Oils
11.10.4. Metalworking Fluids
11.10.5. Hydraulic Fluids
11.10.6. Others
11.11. South Korea Recycled Base Oil Market Forecast, By Application
11.11.1. Automotive Fields
11.11.2. Process Oils
11.11.3. Industrial Oils
11.11.4. Metalworking Fluids
11.11.5. Hydraulic Fluids
11.11.6. Others
11.12. Australia Recycled Base Oil Market Forecast, By Application
11.12.1. Automotive Fields
11.12.2. Process Oils
11.12.3. Industrial Oils
11.12.4. Metalworking Fluids
11.12.5. Hydraulic Fluids
11.12.6. Others
11.13. Rest of APAC Recycled Base Oil Market Forecast, By Application
11.13.1. Automotive Fields
11.13.2. Process Oils
11.13.3. Industrial Oils
11.13.4. Metalworking Fluids
11.13.5. Hydraulic Fluids
11.13.6. Others
11.14. ASEAN Recycled Base Oil Market Forecast, By Application
11.14.1. Automotive Fields
11.14.2. Process Oils
11.14.3. Industrial Oils
11.14.4. Metalworking Fluids
11.14.5. Hydraulic Fluids
11.14.6. Others
11.15. Asia Pacific Recycled Base Oil Market Attractiveness Analysis
11.15.1. By Application
11.16. PEST Analysis
11.17. Key Trends
11.18. Key Developments

12. Middle East & Africa Recycled Base Oil Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Recycled Base Oil Market Overview
12.3. Middle East & Africa Recycled Base Oil Market Value Share Analysis, By Application
12.4. Middle East & Africa Recycled Base Oil Market Forecast, By Application
12.4.1. Automotive Fields
12.4.2. Process Oils
12.4.3. Industrial Oils
12.4.4. Metalworking Fluids
12.4.5. Hydraulic Fluids
12.4.6. Others
12.5. Middle East & Africa Recycled Base Oil Market Value Share Analysis, by Country
12.6. Middle East & Africa Recycled Base Oil Market Forecast, by Country
12.6.1. GCC Countries
12.6.2. South Africa
12.6.3. Nigeria
12.6.4. Egypt
12.7. Middle East & Africa Recycled Base Oil Market Analysis, by Country
12.8. GCC Recycled Base Oil Market Forecast, By Application
12.8.1. Automotive Fields
12.8.2. Process Oils
12.8.3. Industrial Oils
12.8.4. Metalworking Fluids
12.8.5. Hydraulic Fluids
12.8.6. Others
12.9. South Africa Recycled Base Oil Market Forecast, By Application
12.9.1. Automotive Fields
12.9.2. Process Oils
12.9.3. Industrial Oils
12.9.4. Metalworking Fluids
12.9.5. Hydraulic Fluids
12.9.6. Others
12.10. Nigeria Recycled Base Oil Market Forecast, By Application
12.10.1. Automotive Fields
12.10.2. Process Oils
12.10.3. Industrial Oils
12.10.4. Metalworking Fluids
12.10.5. Hydraulic Fluids
12.10.6. Others
12.11. Egypt Recycled Base Oil Market Forecast, By Application
12.11.1. Automotive Fields
12.11.2. Process Oils
12.11.3. Industrial Oils
12.11.4. Metalworking Fluids
12.11.5. Hydraulic Fluids
12.11.6. Others
12.12. Middle East & Africa Recycled Base Oil Market Attractiveness Analysis
12.12.1. By Application
12.13. PEST Analysis
12.14. Key Trends
12.15. Key Developments

13. South America Recycled Base Oil Market Analysis
13.1. Key Findings
13.2. South America Recycled Base Oil Market Overview
13.3. South America Recycled Base Oil Market Value Share Analysis, By Application
13.4. South America Recycled Base Oil Market Forecast, By Application
13.4.1. Automotive Fields
13.4.2. Process Oils
13.4.3. Industrial Oils
13.4.4. Metalworking Fluids
13.4.5. Hydraulic Fluids
13.4.6. Others
13.5. South America Recycled Base Oil Market Value Share Analysis, by Country
13.6. South America Recycled Base Oil Market Forecast, by Country
13.6.1. Brazil
13.6.2. Mexico
13.6.3. Argentina
13.7. South America Recycled Base Oil Market Analysis, by Country
13.8. Brazil Recycled Base Oil Market Forecast, By Application
13.8.1. Automotive Fields
13.8.2. Process Oils
13.8.3. Industrial Oils
13.8.4. Metalworking Fluids
13.8.5. Hydraulic Fluids
13.8.6. Others
13.9. Mexico Recycled Base Oil Market Forecast, By Application
13.9.1. Automotive Fields
13.9.2. Process Oils
13.9.3. Industrial Oils
13.9.4. Metalworking Fluids
13.9.5. Hydraulic Fluids
13.9.6. Others
13.10. Argentina Recycled Base Oil Market Forecast, By Application
13.10.1. Automotive Fields
13.10.2. Process Oils
13.10.3. Industrial Oils
13.10.4. Metalworking Fluids
13.10.5. Hydraulic Fluids
13.10.6. Others
13.11. South America Recycled Base Oil Market Attractiveness Analysis
13.11.1. By Application
13.12. PEST Analysis
13.13. Key Trends
13.14. Key Developments

14. Company Profiles
14.1. Market Share Analysis, by Company
14.2. Competition Matrix

14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Market Consolidation
14.2.3.1. M&A by Regions, Investment and Vehicles
14.2.3.2. M&A Key Players, Forward Integration and Backward Integration

14.3. Company Profiles: Key Players
14.3.1. Valvoline LLC.
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Business Strategy
14.3.1.5. Recent Developments
14.3.1.6. Development Footprint
14.3.2. Vision Recycling and Reprocessing LLC
14.3.3. Gulf Basin Petroleum Recycling Co.
14.3.4. Fortum Corporation
14.3.5. Terrapure Environmental
14.3.6. Hering –VPT GmbH
14.3.7. SHARAF CO OIL REFINERY AND IND .CO.LLC
14.3.8. National Friendly Environment LLC
14.3.9. Green Oil and Lubes SRL
14.3.10. Rahaoil Inc.
14.3.11. LOTOS OIL Sp.z.o.o
14.3.12. Southern Counties Lubricants LLC
14.3.13. Inmaa International
14.3.14. Benzoil Pvt Ltd.
14.3.15. EcoLube Recovery
14.3.16. Rajkamal Group Of Companies
14.3.17. Others

15. Primary Key Insights
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