Global Recycled Base Oil Market Size study, by Type by Application and Regional Forecasts 2022-2032

Description

List of Tables

Global Recycled Base Oil Market is valued approximately USD 901.23 million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.00% over the forecast period 2024-2032. Recycled base oil is lubricating oil produced by refining used or waste oil through processes like vacuum distillation, solvent extraction, and hydro-treating to remove contaminants and restore its properties. It is commonly used in automotive and industrial lubricants as well as metalworking fluids. The benefits of recycled base oil include environmental sustainability, cost savings, and waste reduction, as it conserves natural resources, lowers production costs, and helps manage waste oil effectively. This makes recycled base oil a sustainable and economical alternative to virgin base oil. The increasing environmental regulations is a key trend that is supporting to the growth of the Global Recycled Base Oil Market. Stricter environmental policies and regulations are pushing industries to adopt recycled base oils. Governments worldwide are implementing policies to reduce waste and promote recycling, prompting the market growth.

Crude oil reserves are limited, and the production of virgin base oil is an energy-intensive process. Recycled base oil offers a viable alternative source of base stock for lubricants, which is creating high growth prospects for the market at a substantial rate. Demand for eco-friendly products is being driven by an increasing emphasis on environmental responsibility. This base oil consumes less energy in production and is less dependent on dwindling crude oil stocks. It also lessens the negative effects of disposed-of used oil on the environment. Accordingly, the need to reduce waste and protect natural resources, as well as the growing demand for eco-friendly and sustainable goods, are the main factors driving the expansion of recycled base oil market. It has several benefits over virgin oil, including lower price, less impact on the environment, and comparable quality. There are many steps involved in the recycling process: gathering, moving, and processing. Used oil is first gathered and delivered to a recycling center, where pollutants and impurities are removed through treatment. It is then combined with additives to produce a finished product that is customized to each user's unique requirements. Furthermore, increasing advancements in re-refining technology have led to significant improvements in the quality and performance of recycled base oil. Modern recycled base oils can meet the same performance standards as virgin base oils in many applications. However, competition from virgin base oil and elevated processing costs are anticipated to hamper the market growth during the forecast period of 2024-2032.

The key regions considered for the Global Recycled Base Oil Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market in terms of revenue. The regional growth is primarily driven by environmental concerns, cost savings, and advancements in waste oil treatment and disposal technologies. Consequently, more companies are opting for recycled options over conventional ones. This is leading to the rise in implementation of stringent environmental regulations aimed at reducing waste, carbon emissions, and the depletion of petrochemical resources. For instance, the Canadian government has introduced a plan to lower emissions, which includes the adoption of cleaner technologies and the use of recycled base oil in various industries. Whereas, the market in Asia Pacific is expected to grow at the fastest rate over the forecast period.

Major market player included in this report are:

Gulf Basin Petroleum Recycling Co, Inc.
Valvoline Inc.
NexLube Tampa, LLC
Vision Oils Limited
Terrapure Environmental Ltd.
Hering AG
Sharafco Oil Refinery & Industries Company L.L.C
Rahaoil, Inc.
Benz Oil Inc.
Southern Counties Lubricants, LLC

The detailed segments and sub-segment of the market are explained below:

By Type

High Viscosity Recycled Base Oil
Medium Viscosity Recycled Base Oil
Low Viscosity Recycled Base Oil

By Application

Automotive Oil
Industrial Oil
Metalworking Fluids
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Recycled Base Oil Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Recycled Base Oil Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Type
- 2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Recycled Base Oil Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Recycled Base Oil Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Recycled Base Oil Market Size & Forecasts by Type 2022-2032

5.1. High Viscosity Recycled Base Oil
5.2. Medium Viscosity Recycled Base Oil
5.3. Low Viscosity Recycled Base Oil

Chapter 6. Global Recycled Base Oil Market Size & Forecasts by Application 2022-2032

6.1. Automotive Oil
6.2. Industrial Oil
6.3. Metalworking Fluids
6.4. Others

Chapter 7. Global Recycled Base Oil Market Size & Forecasts by Region 2022-2032

7.1. North America Recycled Base Oil Market
- 7.1.1. U.S. Recycled Base Oil Market
  - 7.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Recycled Base Oil Market
7.2. Europe Recycled Base Oil Market
- 7.2.1. U.K. Recycled Base Oil Market
- 7.2.2. Germany Recycled Base Oil Market
- 7.2.3. France Recycled Base Oil Market
- 7.2.4. Spain Recycled Base Oil Market
- 7.2.5. Italy Recycled Base Oil Market
- 7.2.6. Rest of Europe Recycled Base Oil Market
7.3. Asia-Pacific Recycled Base Oil Market
- 7.3.1. China Recycled Base Oil Market
- 7.3.2. India Recycled Base Oil Market
- 7.3.3. Japan Recycled Base Oil Market
- 7.3.4. Australia Recycled Base Oil Market
- 7.3.5. South Korea Recycled Base Oil Market
- 7.3.6. Rest of Asia Pacific Recycled Base Oil Market
7.4. Latin America Recycled Base Oil Market
- 7.4.1. Brazil Recycled Base Oil Market
- 7.4.2. Mexico Recycled Base Oil Market
- 7.4.3. Rest of Latin America Recycled Base Oil Market
7.5. Middle East & Africa Recycled Base Oil Market
- 7.5.1. Saudi Arabia Recycled Base Oil Market
- 7.5.2. South Africa Recycled Base Oil Market
- 7.5.3. Rest of Middle East & Africa Recycled Base Oil Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Gulf Basin Petroleum Recycling Co, Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Valvoline Inc.
- 8.3.3. NexLube Tampa, LLC
- 8.3.4. Vision Oils Limited
- 8.3.5. Terrapure Environmental Ltd.
- 8.3.6. Hering AG
- 8.3.7. Sharafco Oil Refinery & Industries Company L.L.C
- 8.3.8. Rahaoil, Inc.
- 8.3.9. Benz Oil Inc.
- 8.3.10. Southern Counties Lubricants, LLC

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Recycled Base Oil Market, report scope
TABLE 2. Global Recycled Base Oil Market estimates & forecasts by Region 2022-2032 (USD Million)
TABLE 3. Global Recycled Base Oil Market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4. Global Recycled Base Oil Market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5. Global Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. Global Recycled Base Oil Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Global Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Global Recycled Base Oil Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Global Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Global Recycled Base Oil Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Global Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Global Recycled Base Oil Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Global Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. Global Recycled Base Oil Market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. U.S. Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 16. U.S. Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 17. U.S. Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 18. Canada Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 19. Canada Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 20. Canada Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 21. UK Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 22. UK Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 23. UK Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 24. Germany Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 25. Germany Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 26. Germany Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 27. France Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 28. France Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 29. France Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 30. Italy Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 31. Italy Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 32. Italy Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 33. Spain Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 34. Spain Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 35. Spain Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 36. RoE Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 37. RoE Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 38. RoE Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 39. China Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 40. China Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 41. China Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 42. India Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 43. India Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 44. India Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 45. Japan Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 46. Japan Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 47. Japan Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 48. Australia Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 49. Australia Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 50. Australia Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 51. South Korea Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 52. South Korea Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 53. South Korea Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 54.
TABLE 55. RoAPAC Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 56. RoAPAC Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 57. RoAPAC Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 58. Brazil Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 59. Brazil Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 60. Brazil Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 61. Mexico Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 62. Mexico Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 63. Mexico Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 64. RoLA Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 65. RoLA Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 66. RoLA Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 67. Saudi Arabia Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 68. Saudi Arabia Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 69. Saudi Arabia Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 70. South Africa Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 71.
TABLE 72. South Africa Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 73. South Africa Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 74. RoMEA Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 75. RoMEA Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 76. RoMEA Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 77. List of secondary sources, used in the study of Global Recycled Base Oil Market.
TABLE 78. List of primary sources, used in the study of Global Recycled Base Oil Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Recycled Base Oil Market, research methodology
FIG 2. Global Recycled Base Oil Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Recycled Base Oil Market, key trends 2023
FIG 5. Global Recycled Base Oil Market, growth prospects 2022-2032
FIG 6. Global Recycled Base Oil Market, porters 5 force model
FIG 7. Global Recycled Base Oil Market, pestel analysis
FIG 8. Global Recycled Base Oil Market, value chain analysis
FIG 9. Global Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 10. Global Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 11. Global Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 12. Global Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 13. Global Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 14. Global Recycled Base Oil Market, regional snapshot 2022 & 2032
FIG 15. North America Recycled Base Oil Market 2022 & 2032 (USD Million)
FIG 16. Europe Recycled Base Oil Market 2022 & 2032 (USD Million)
FIG 17. Asia pacific Recycled Base Oil Market 2022 & 2032 (USD Million)
FIG 18. Latin America Recycled Base Oil Market 2022 & 2032 (USD Million)
FIG 19. Middle East & Africa Recycled Base Oil Market 2022 & 2032 (USD Million)
FIG 20. Global Recycled Base Oil Market, company market share analysis (2023)