PUBLISHER: The Business Research Company | PRODUCT CODE: 1641646
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641646
Bio-lubricants serve as an alternative lubricant for industrial and maintenance applications due to their superior inherent qualities. These functional fluids are derived from vegetable oils and downstream esters, using raw materials such as rapeseed oil, sunflower oil, palm oil, coconut oil, and animal fats. Bio-lubricants offer several advantages over conventional petroleum-based products, including being non-toxic, renewable, carbon-neutral, and environmentally friendly. They are also commonly referred to as bio-lubes.
The primary types of base oils in bio-lubricants include vegetable oil, animal fat, and others. Vegetable oil, with lubricating properties similar to mineral oil-based lubricants, finds applications in various areas such as hydraulic oil, metalworking fluids, chainsaw oil, mold release agents, two-cycle engine oils, gear oils, greases, and more. These bio-lubricants are utilized across industrial, commercial transport, consumer automobiles, and other end-user sectors.
The bio-lubricants market research report is one of a series of new reports from The Business Research Company that provides bio-lubricant market statistics, including bio-lubricant industry global market size, regional shares, competitors with a bio-lubricant market share, detailed bio-lubricant market segments, market trends and opportunities, and any further data you may need to thrive in the bio-lubricants industry. This bio-lubricants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bio-lubricants market size has grown strongly in recent years. It will grow from $3.06 billion in 2024 to $3.24 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to environmental regulations and policies, growth in concerns about climate change and pollution, awareness of health hazards associated with conventional lubricants, increased demand for sustainable and renewable products, expansion of industries with stringent environmental standards (e.g, marine, agriculture).
The bio-lubricants market size is expected to see strong growth in the next few years. It will grow to $4.13 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising focus on circular economy and recycling, government incentives and subsidies for green technologies, growing adoption in automotive and transportation industries, increasing consumer awareness and demand for eco-friendly products, market penetration in emerging economies. Major trends in the forecast period include advancements in bio-based feedstock and technology, high-performance bio-lubricants, bio-lubricants for electric vehicles, bio-hydraulic fluids, bio-based metalworking fluids.
Growing environmental awareness is anticipated to drive the expansion of the bio-lubricants market in the coming years. Environmental awareness refers to understanding the natural environment and the choices that can either enhance its health or contribute to its degradation. This awareness is beneficial for the bio-lubricants market due to their high viscosity indexes and flashpoints, excellent shear resistance, and significant biodegradability. For example, in April 2024, the Department for Environment, Food, and Rural Affairs, a UK-based government agency focused on environmental protection and improvement, reported that urban background concentrations of ozone (O3) reached 66.8 µg/m3 in 2023, representing a 3% increase from 2022. Thus, the rising environmental awareness is propelling the growth of the bio-lubricants market.
The lubricants market is expected to witness growth propelled by the expanding automotive industry. The automotive sector encompasses a wide range of activities related to the design, development, manufacturing, marketing, sale, and maintenance of motor vehicles. Bio-lubricants play a crucial role in this industry, requiring careful consideration of specific requirements and compatibility with vehicle components. According to a report by the European Automobile Manufacturers' Association (ACEA), 85.4 million motor vehicles were produced worldwide in 2022, marking a 5.7% increase over the previous year. The International Organization of Motor Vehicle Manufacturers reported that the total production of cars and commercial vehicles rose from 80,145,988 in 2021 to 85,016,728 in 2022. This growth in the automotive industry is contributing to the demand for lubricants.
In the bio-lubricants market, a key trend gaining prominence is product development. Major companies operating in this market are actively engaged in creating new and advanced products to solidify their positions. For example, in January 2023, Kluber Lubrication, a U.S.-based chemical manufacturing company, introduced specialty lubes tailored for the oil and gas industry. These lubricants are designed to withstand the harshest environmental conditions, including exposure to saltwater, rain, wind, and extreme temperatures. The unique formulation of these lubricants, developed after extensive research and development in India, offers advantages such as low lubricant consumption, reduced downtime due to maintenance and repair, and prolonged component life. This emphasis on product development reflects a broader trend within the bio-lubricants market.
Prominent companies in the bio-lubricants market are actively involved in the development of innovative products, exemplified by offerings like Clarity Synthetic EA Grease 0, to drive market revenues. Chevron, a USA-based petroleum refinery company, introduced Clarity Synthetic EA Grease 0 in July 2022. This anhydrous calcium thickened lubricating grease is based on biodegradable synthetic esters, making it a high-performance solution suitable for various marine applications. The product is formulated with antioxidants, corrosion inhibitors, and Extreme Pressure and Anti-Wear (EP/AW) additives. Its calcium thickener, combined with biodegradable esters, enhances its suitability for lubricating heavily loaded bearings. The grease exhibits excellent adhesion and water resistance, designed for extreme applications in wet and corrosive environments, even at low temperatures.
In September 2024, BioBlend Renewable Resources, a company based in the U.S., acquired Environmental Lubricant Manufacturing (ELM) for an undisclosed amount. This acquisition aims to strengthen BioBlend Renewable Resources' manufacturing capabilities, expand its product offerings, and accelerate growth in the sustainable lubricants market. Environmental Lubricant Manufacturing (ELM) is also a U.S.-based company that specializes in producing biodegradable and biobased lubricants and greases derived from renewable resources, primarily soybean oil.
Major companies operating in the bio-lubricants market include Binol Biolubricants Ltd., British Petroleum plc, Cargill Corporation, Chevron Corporation, Royal Dutch Shell PLC., ExxonMobil plc, Kluber Lubrication Munchen Se & Co. Kg, Statoil Lubricants ASA, TotalEnergies SE, Castrol India Ltd., HollyFrontier Corporation Millers Oils Ltd., Petronas Lubricant International, Renewable Lubricants Inc., Solution Biogen Sdn Bhd, BP plc, Albemarle Corporation, Fuchs Petrolub AG, Panolin AG, Emery Oleochemicals, Biosynthetic Technologies LLC, RSC Bio Solutions, Green Earth Technologies LLC, BioBlend Renewable Resources LLC, Bio-Lub Canada Inc., Bio-Lubricants Inc., Biofriendly Corporation, BioPure Technology Ltd., Biosynthetic Technologies LLC, Carl Bechem GmbH, Croda International plc
North America was the largest region in the bio-lubricants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bio-lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the bio-lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The biolubricant market consists of sales of vegetable oils, animal products, esters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bio-Lubricants Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bio-lubricants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bio-lubricants ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bio-lubricants market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.