US Recycled Base Oil Market Size study, 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) Forecasts 2022-2032

Description

List of Tables

US Recycled Base Oil Market is valued approximately USD 302.81 million in 2023 and is anticipated to grow with a healthy growth rate of more than 4.98% over the forecast period 2024-2032. Recycled base oil is made by refining waste or old oil using techniques including solvent extraction, vacuum distillation, and hydro-treating in order to eliminate impurities and restore its original qualities. It is frequently used in metalworking fluids, industrial lubricants, and automotive lubricants. It has positive effects on the environment as well as cost and waste reduction because recycled base oil preserves natural resources, reduces manufacturing costs, and aids in the efficient management of waste oil. The increasing demand for sustainable products is a key trend that is supporting to the growth of the US Recycled Base Oil Market. There is a growing consumer and industrial demand for sustainable and environmentally friendly products. Companies are increasingly adopting recycled base oils as part of their sustainability initiatives to meet the expectations of eco-conscious consumers and stakeholders.

The US market places a strong emphasis on cost-effectiveness. Recycled base oil's generally lower production cost compared to virgin base oil is a significant advantage for both lubricant manufacturers and potentially lower prices for consumers. The growing need for ecologically friendly industrial and automotive oils is primarily propelling the demand of the recycled base oil. Recycling is also being highlighted as a feasible method to meet the objectives of lowering carbon dioxide emissions and reducing dependency on crude oil. The expanding automotive and industrial sectors increase the demand for lubricants, with recycled base oils being a preferred option due to their cost and environmental benefits. Manufacturers are investigating innovative techniques for re-refining and using waste oil as a result of the growing cost of crude oil. Also, the rise in developments in recycling technologies, such as advanced filtration and hydro-treating processes, enhance the quality and efficiency of recycled base oils, making them comparable to virgin oils. Thus, these factors contribute to the growing need for recycled base oil over the projected period. However, competition from virgin base oil and higher processing costs is expected to stifle market growth during the forecast period 2024-2032.

Major market player included in this report are:

Gulf Basin Petroleum Recycling Co, Inc.
Valvoline Inc.
NexLube Tampa, LLC
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

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

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 Country 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. US 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. US Recycled Base Oil Market Size & Forecast (2022- 2032)
2.2. Segmental Summary
- 2.2.1. By Type
- 2.2.2. By Application
2.3. Key Trends
2.4. Recession Impact
2.5. Analyst Recommendation & Conclusion

Chapter 3. US Recycled Base Oil Market Dynamics

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

Chapter 4. US 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. US 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. US 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. Competitive Intelligence

7.1. Key Company SWOT Analysis
7.2. Top Market Strategies
7.3. Company Profiles
- 7.3.1. Gulf Basin Petroleum Recycling Co, Inc.
  - 7.3.1.1. Key Information
  - 7.3.1.2. Overview
  - 7.3.1.3. Financial (Subject to Data Availability)
  - 7.3.1.4. Product Summary
  - 7.3.1.5. Market Strategies
- 7.3.2. Valvoline Inc.
- 7.3.3. NexLube Tampa, LLC

Chapter 8. Research Process

8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
8.2. Research Attributes

LIST OF TABLES

TABLE 1. US Recycled Base Oil Market, report scope
TABLE 2. US Recycled Base Oil Market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 3. US Recycled Base Oil Market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 4. US Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 5. US Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. US Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. US Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. US Recycled Base Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. U.S. Recycled Base Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. U.S. Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 11. U.S. Recycled Base Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 12. List of secondary sources, used in the study of US Recycled Base Oil Market.
TABLE 13. List of primary sources, used in the study of US Recycled Base Oil Market.
TABLE 14. Years considered for the study.
TABLE 15. Exchange rates considered

LIST OF FIGURES

FIG 1. US Recycled Base Oil Market, research methodology
FIG 2. US Recycled Base Oil Market, market estimation techniques
FIG 3. US market size estimates & forecast methods.
FIG 4. US Recycled Base Oil Market, key trends 2023
FIG 5. US Recycled Base Oil Market, growth prospects 2022-2032
FIG 6. US Recycled Base Oil Market, porters 5 force model
FIG 7. US Recycled Base Oil Market, pestel analysis
FIG 8. US Recycled Base Oil Market, value chain analysis
FIG 9. US Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 10. US Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 11. US Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 12. US Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 13. US Recycled Base Oil Market by segment, 2022 & 2032 (USD Million)
FIG 14. US Recycled Base Oil Market, company market share analysis (2023)