Biolubricants Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Base Oil, Application, and End Use

List of Tables

The biolubricants market is expected to grow from US$ 1,551.15 million in 2022 to US$ 1,902.41 million by 2028; it is estimated to record a CAGR of 3.5% from 2022 to 2028.

Biolubricants generated from biomass and other wastes can reduce the carbon footprint of manufacturing processes and power generation. Biolubricants are gaining popularity and acceptance across the world due to their nontoxic, sustainable, and environmentally friendly properties. They are also derived from renewable plant-based oils. The rise in environmental issues and increase in health concerns from mineral oil use propel the demand for biolubricants.

Based on base oil, the biolubricants market is segmented into vegetable oils, animal fats, and others. The vegetable oils segment held the largest share of the market in 2022. Vegetable oils are the extracted, refined, and processed forms of vegetable matter such as seeds, fruits, and stems. Vegetable oils have excellent lubricity, far superior to mineral oil. Vegetable oils are widely used as biolubricants in their natural forms to decrease friction between two surfaces and reduce the wear of machines. They have a great potential to replace petroleum oil-based lubricants, which are obtained when refining crude oil. In addition, vegetable oils are biodegradable, generally less toxic, and renewable.

The market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2022, Europe dominated the biolubricants market. Asia Pacific is expected to register the highest CAGR in the market during the forecast period. Factors such as growing environmental concerns and increasing crude oil costs are driving the demand for biolubricants in Europe. The demand for biolubricants in Asia Pacific is directly proportional to industrialization and vehicular production in the region. Growing regional construction activities and industrial and automotive sectors accelerate the market growth.

The COVID-19 pandemic adversely affected the biolubricants market growth in 2020 due to the shutdown of manufacturing facilities and restrictions imposed on transportation and logistics. Disruptions in supply chains also hampered the supply of biolubricants. To comply with national and regional guidelines, manufacturers introduced extensive modifications to their processes to protect their employees from the SARS-CoV-2 infection. The pandemic wreaked havoc on the historically stable biolubricants industry. The shortage of manpower resulted in the deceleration of biolubricants production and distribution operations. Lockdowns imposed by different countries in 2020 hampered the ability of industries to maintain inventory levels. Moreover, sanitary measures and other COVID-19-related precautions reduced production capacity significantly, creating a shortage of vegetable oils and animal fats inventory.

Despite these ill effects on end-use industries, the biolubricants market began reviving in late 2020 due to relaxations in social restrictions and significant measures, such as well-coordinated vaccination drives, by governments of many countries to combat the virus infection spread. The recovery of various end-use industries is driving the biolubricants market growth in the post-pandemic recovery period.

Emery Oleochemicals LLC, Fuchs Petrolub SE, Carl Bechem GmbH, PANOLIN AG, Renewable Lubricants Inc, TotalEnergies SE, Shell Plc, RSC Bio Solutions LLC, Crevier Group Inc, and Kluber Lubrication GmbH & Co KG are among the key players in the biolubricants market. These companies are adopting strategies such as mergers & acquisitions, and product launches to expand their geographic presence and clientele. They collectively hold a majority of the global biolubricants market.

The overall biolubricants market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical market insights. Participants of this process include VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the biolubricants market.

Reasons to Buy:

Progressive industry trends in the biolubricants market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the biolubricants market from 2020 to 2028
Estimation of the demand for biolubricants across various industries
Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for biolubricants compounds across the globe
Market trends and outlook coupled with factors driving and restraining the growth of the biolubricants market.
Decision-making process by understanding strategies that underpin commercial interest concerning the global biolubricants market growth
The global biolubricants market size at various nodes of market
Detailed overview and segmentation of the biolubricants market as well as its dynamics in the industry
The biolubricants market size in different regions with promising growth opportunities

Product Code: TIPAT00002193

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Biolubricants Market, by Base Oil
- 1.3.2 Biolubricants Market, by Application
- 1.3.3 Biolubricants Market, by End Use
- 1.3.4 Biolubricants Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Biolubricants Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Biolubricants Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Automobile Sector
- 5.1.2 Surging Demand for Bio-based and Sustainable Products in Various Industries
5.2 Market Restraints
- 5.2.1 High Cost and Difficulty in Obtaining Desired Properties of Biolubricant
5.3 Market Opportunities
- 5.3.1 Increasing Demand for Biolubricants from Marine Industry
5.4 Future Trends
- 5.4.1 Rising Research and Development to Enhance Performance of Biolubricants
5.5 Impact Analysis of Drivers and Restraint

6. Biolubricants - Global Market Analysis

6.1 Biolubricants Market Overview
6.2 Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Biolubricants Market Players

7. Biolubricants Market Analysis - By Base Oil

7.1 Overview
7.2 Biolubricants Market, By Base Oil (2021 and 2028)
7.3 Vegetable Oils
- 7.3.1 Overview
- 7.3.2 Vegetable Oils: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Animal Fats
- 7.4.1 Overview
- 7.4.2 Animal Fats: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)

8. Biolubricants Market Analysis - By Application

8.1 Overview
8.2 Biolubricants Market, By Application (2021 and 2028)
8.3 Gear Oil
- 8.3.1 Overview
- 8.3.2 Gear Oil: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Hydraulic Oil
- 8.4.1 Overview
- 8.4.2 Hydraulic Oil: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Metalworking Fluids
- 8.5.1 Overview
- 8.5.2 Metalworking Fluids: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Greases
- 8.6.1 Overview
- 8.6.2 Greases: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)

9. Biolubricants Market Analysis - By End Use

9.1 Overview
9.2 Biolubricants Market, By End Use (2021 and 2028)
9.3 Automotive
- 9.3.1 Overview
- 9.3.2 Automotive: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
- 9.4.1 Overview
- 9.4.2 Industrial: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Marine
- 9.5.1 Overview
- 9.5.2 Marine: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Agriculture & Forestry
- 9.6.1 Overview
- 9.6.2 Agriculture & Forestry: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)

10. Biolubricants Market - Geographic Analysis

10.1 Overview
10.2 North America: Biolubricants Market
- 10.2.1 North America: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
- 10.2.2 North America: Biolubricants Market, By Base Oil
- 10.2.3 North America: Biolubricants Market, By Application
- 10.2.4 North America: Biolubricants Market, By End Use
- 10.2.5 North America: Biolubricants Market, by Key Country
  - 10.2.5.1 US: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.1.1 US: Biolubricants Market, By Base Oil
    - 10.2.5.1.2 US: Biolubricants Market, By Application
    - 10.2.5.1.3 US: Biolubricants Market, By End Use
  - 10.2.5.2 Canada: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.2.1 Canada: Biolubricants Market, By Base Oil
    - 10.2.5.2.2 Canada: Biolubricants Market, By Application
    - 10.2.5.2.3 Canada: Biolubricants Market, By End Use
  - 10.2.5.3 Mexico: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.3.1 Mexico: Biolubricants Market, By Base Oil
    - 10.2.5.3.2 Mexico: Biolubricants Market, By Application
    - 10.2.5.3.3 Mexico: Biolubricants Market, By End Use
10.3 Europe: Biolubricants Market
- 10.3.1 Europe: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
- 10.3.2 Europe: Biolubricants Market, By Base Oil
- 10.3.3 Europe: Biolubricants Market, By Application
- 10.3.4 Europe: Biolubricants Market, By End Use
- 10.3.5 Europe: Biolubricants Market, by Key Country
  - 10.3.5.1 Germany: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.1.1 Germany: Biolubricants Market, By Base Oil
    - 10.3.5.1.2 Germany: Biolubricants Market, By Application
    - 10.3.5.1.3 Germany: Biolubricants Market, By End Use
  - 10.3.5.2 France: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.2.1 France: Biolubricants Market, By Base Oil
    - 10.3.5.2.2 France: Biolubricants Market, By Application
    - 10.3.5.2.3 France: Biolubricants Market, By End Use
  - 10.3.5.3 Italy: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.3.1 Italy: Biolubricants Market, By Base Oil
    - 10.3.5.3.2 Italy: Biolubricants Market, By Application
    - 10.3.5.3.3 Italy: Biolubricants Market, By End Use
  - 10.3.5.4 UK: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.4.1 UK: Biolubricants Market, By Base Oil
    - 10.3.5.4.2 UK: Biolubricants Market, By Application
    - 10.3.5.4.3 UK: Biolubricants Market, By End Use
  - 10.3.5.5 Russia: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.5.1 Russia: Biolubricants Market, By Base Oil
    - 10.3.5.5.2 Russia: Biolubricants Market, By Application
    - 10.3.5.5.3 Russia: Biolubricants Market, By End Use
  - 10.3.5.6 Rest of Europe: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Biolubricants Market, By Base Oil
    - 10.3.5.6.2 Rest of Europe: Biolubricants Market, By Application
    - 10.3.5.6.3 Rest of Europe: Biolubricants Market, By End Use
10.4 Asia Pacific: Biolubricants Market
- 10.4.1 Asia Pacific: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
- 10.4.2 Asia Pacific: Biolubricants Market, By Base Oil
- 10.4.3 Asia Pacific: Biolubricants Market, By Application
- 10.4.4 Asia Pacific: Biolubricants Market, By End Use
- 10.4.5 Asia Pacific: Biolubricants Market, by Key Country
  - 10.4.5.1 Australia: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.1.1 Australia: Biolubricants Market, By Base Oil
    - 10.4.5.1.2 Australia: Biolubricants Market, By Application
    - 10.4.5.1.3 Australia: Biolubricants Market, By End Use
  - 10.4.5.2 China: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.2.1 China: Biolubricants Market, By Base Oil
    - 10.4.5.2.2 China: Biolubricants Market, By Application
    - 10.4.5.2.3 China: Biolubricants Market, By End Use
  - 10.4.5.3 India: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.3.1 India: Biolubricants Market, by Base Oil
    - 10.4.5.3.2 India: Biolubricants Market, by Application
    - 10.4.5.3.3 India: Biolubricants Market, by End Use
  - 10.4.5.4 Japan: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.4.1 Japan: Biolubricants Market, By Base Oil
    - 10.4.5.4.2 Japan: Biolubricants Market, By Application
    - 10.4.5.4.3 Japan: Biolubricants Market, By End Use
  - 10.4.5.5 South Korea: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.5.1 South Korea: Biolubricants Market, By Base Oil
    - 10.4.5.5.2 South Korea: Biolubricants Market, By Application
    - 10.4.5.5.3 South Korea: Biolubricants Market, By End Use
  - 10.4.5.6 Rest of Asia Pacific: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.6.1 Rest of Asia Pacific: Biolubricants Market, By Base Oil
    - 10.4.5.6.2 Rest of Asia Pacific: Biolubricants Market, By Application
    - 10.4.5.6.3 Rest of Asia Pacific: Biolubricants Market, By End Use
10.5 Middle East and Africa: Biolubricants Market
- 10.5.1 Middle East and Africa: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
- 10.5.2 Middle East and Africa: Biolubricants Market, By Base Oil
- 10.5.3 Middle East and Africa: Biolubricants Market, By Application
- 10.5.4 Middle East and Africa: Biolubricants Market, By End Use
- 10.5.5 Middle East and Africa: Biolubricants Market, by Key Country
  - 10.5.5.1 South Africa: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.1.1 South Africa: Biolubricants Market, By Base Oil
    - 10.5.5.1.2 South Africa: Biolubricants Market, By Application
    - 10.5.5.1.3 South Africa: Biolubricants Market, By End Use
  - 10.5.5.2 Saudi Arabia: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.2.1 Saudi Arabia: Biolubricants Market, By Base Oil
    - 10.5.5.2.2 Saudi Arabia: Biolubricants Market, By Application
    - 10.5.5.2.3 Saudi Arabia: Biolubricants Market, By End Use
  - 10.5.5.3 UAE: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.3.1 UAE: Biolubricants Market, By Base Oil
    - 10.5.5.3.2 UAE: Biolubricants Market, By Application
    - 10.5.5.3.3 UAE: Biolubricants Market, By End Use
  - 10.5.5.4 Rest of Middle East and Africa: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.4.1 Rest of Middle East and Africa: Biolubricants Market, by Base Oil
    - 10.5.5.4.2 Rest of Middle East and Africa: Biolubricants Market, by Application
    - 10.5.5.4.3 Rest of Middle East and Africa: Biolubricants Market, by End Use
10.6 South and Central America: Biolubricants Market
- 10.6.1 South and Central America: Biolubricants Market -Revenue and Forecast to 2028 (US$ Million)
- 10.6.2 South and Central America: Biolubricants Market, By Base Oil
- 10.6.3 South and Central America: Biolubricants Market, By Application
- 10.6.4 South and Central America: Biolubricants Market, By End Use
- 10.6.5 South and Central America: Biolubricants Market, by Key Country
  - 10.6.5.1 Brazil: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.1.1 Brazil: Biolubricants Market, By Base Oil
    - 10.6.5.1.2 Brazil: Biolubricants Market, By Application
    - 10.6.5.1.3 Brazil: Biolubricants Market, By End Use
  - 10.6.5.2 Argentina: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.2.1 Argentina: Biolubricants Market, By Base Oil
    - 10.6.5.2.2 Argentina: Biolubricants Market, By Application
    - 10.6.5.2.3 Argentina: Biolubricants Market, By End Use
  - 10.6.5.3 Rest of South and Central America: Biolubricants Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.3.1 Rest of South and Central America: Biolubricants Market, By Base Oil
    - 10.6.5.3.2 Rest of South and Central America: Biolubricants Market, By Application
    - 10.6.5.3.3 Rest of South and Central America: Biolubricants Market, By End Use

11. Impact of COVID-19 Pandemic on Global Biolubricants Market

11.1 Impact of COVID-19 on Global Biolubricants Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Product launch
12.2 Product Approval
12.3 Company News

13. Company Profiles

13.1 Emery Oleochemicals LLC
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Fuchs Petrolub SE
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Carl Bechem GmbH
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Panolin AG
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Renewable Lubricants Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 TotalEnergies SE
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Shell Plc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 RSC Bio Solutions LLC
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Crevier Group Inc
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Kluber Lubrication GmbH & Co KG
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Glossary of Terms