Global Biolubricants Market Size To Exceed USD 11.65 Billion By 2035 | CAGR of 13.51%
Category: Chemicals & MaterialsGlobal Biolubricants Market Size To Exceed USD 11.65 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Biolubricants Market is Expected to Grow from USD 2.89 Billion in 2024 to USD 11.65 Billion by 2035, at a CAGR of 13.51% during the forecast period 2025-2035.
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Browse key industry insights spread across 250 pages with 150 Market data tables and figures & charts from the report on the " Global Biolubricants Market Size, Share, and COVID-19 Impact Analysis, By Source (Vegetable Oil and Animal Oil), By End-Use Industry (Automotive & Other Transportation, Metalworking, Mining, Forestry, Marine, Engines, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." https://www.sphericalinsights.com/reports/biolubricants-market
The biolubricants market refers to the sale and distribution of lubricants derived from renewable resources, primarily vegetable oils and animal fats. Biolubricants are produced from oil-based resources, offering the advantage of biodegradability, lower toxicity, and an eco-friendly nature. Further, biolubricants’ superior characteristics, including high flash points, consistent viscosity, lower emissions, and biodegradability, drive their application in the transportation and manufacturing industries. The increasing R&D activities, as well as technological innovations, are offering growth opportunities in the biolubricants market. The strict government regulations emphasizing environmental protection and safe management for used oil management are promoting the biolubricants market. Additionally, the growing demand for sustainable alternatives by several businesses for reducing their carbon footprint is expected to drive the market. On the contrary, the increased production cost, as well as supply chain disruptions, are challenging the biolubricants market.
The vegetable oil segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the source, the biolubricants market is divided into vegetable oil and animal oil. Among these, the vegetable oil segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. The synthesis of biolubricant involves the modification of vegetable oils via the process of transesterification, epoxidation, or estolide formation. The eco-friendly nature of vegetable oil-based biolubricants is responsible for driving the market in the vegetable oil segment.
The automotive & other transportation segment dominated the biolubricants market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end-use industry, the biolubricants market is divided into automotive & other transportation, metalworking, mining, forestry, marine, engines, and others. Among these, the automotive & other transportation segment dominated the biolubricants market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Biolubricants are used in engines, transmissions, and hydraulic systems for reducing friction, wear, and heat generation, which drives the market in the automotive & other transportation segment.
North America is expected to hold the majority share of the global biolubricants market during the forecast period.
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North America is expected to hold the majority share of the global biolubricants market during the forecast period. Environmental regulations as well as technological advancements are the key factors contributing to driving the biolubricants market. Further, the presence of the automotive industry and increasing regulatory measures for mandating minimum renewable content are propelling the market.
Asia Pacific is anticipated to grow at the fastest pace in the global biolubricants market during the forecast period. The increasing production and export of passenger cars and vehicles in the developing regions is driving the market for biolubricants. Favourable government policies and cheap labor, along with the trend toward sustainable and more productive vehicles, also contribute to propelling the market growth.
Europe is expected to hold a substantial share of the biolubricants market during the projected timeframe. Rapid industrialization, population growth, and urbanization are several factors that are driving the regional market for biolubricants. Further, the stringent legislation and inclination towards bio-economy in countries like Germany, Italy, the Nordic countries, and countries in the region are propelling the market growth.
Major vendors in the global biolubricants market are TotalEnergies, Exxon Mobil Corporation, Shell plc, CASTROL Limited, PETRONAS Lubricants International, Kluber Lubrication, Emery Oleochemicals, Albemarle Corporation, Chevron Corporation, FUCHS, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In February 2024, Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announced the launch of SYLVASOLV, a new line of biobased hydrocarbon oils designed to deliver superior performance and environmental advantages across many industries, including agrochemicals, adhesives, and lubricants.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the biolubricants market based on the below-mentioned segments:
Global Biolubricants Market, By Source
- Vegetable Oil
- Animal Oil
Global Biolubricants Market, By End-Use Industry
- Automotive & Other Transportation
- Metalworking
- Mining
- Forestry
- Marine
- Engines
- Others
Global Biolubricants Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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