Asia Pacific Bio Based Lubricants Market Size, Share, and COVID-19 Impact Analysis, By Raw Material (Plant Oil, Animal Oil, and Others), By Application (Hydraulic Oil, Metal Working Fluids, Penetrating Oils, Grease, Transformer Oil, and Others), By End User (Power Generation, Automotive & Other Transportation, heavy Equipment, Food & Beverage, and Others), and Asia Pacific Bio Based Lubricants Market Insights, Industry Trend, Forecasts to 2035

Asia Pacific Bio Based Lubricants Market Insights Forecasts to 2035

• The Asia Pacific Bio Based Lubricants Market Size was Estimated at USD 612.0 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.51% from 2025 to 2035
• The Asia Pacific Bio Based Lubricants Market Size is Expected to Reach USD 1225.0 Million by 2035

The Asia Pacific Bio Based Lubricants Market Size is anticipated to reach USD 1225.0 Million by 2035, growing at a CAGR of 6.51% from 2025 to 2035. The strict environmental regulations and sustainability goals are contributing to driving the bio based lubricants market in the Asia Pacific region.

Market Overview

The Asia Pacific bio based lubricants market is the industry emphasizing the production and sale of lubricants derived from renewable, biological sources such as vegetable oils and animal fats, rather than traditional petroleum-based sources. Bio based lubricants are the lubrication oils valued for their biodegradability, lower toxicity, and environmental friendliness. They are fatty oil-like additives produced by Elektrionization from vegetable feedstocks, having unique tribiological properties. There is growing adoption of bio-based lubricants in industries owing to the increasing environmental awareness and adoption of strict regulations.

The growing emphasis on the development of advanced formulations of bio based lubricants that meet the needs of stringent regulations and consumer preferences is escalating the market growth opportunities. Further, the introduction of legislation and government spending, as well as product innovation, are providing lucrative market opportunities.

Report Coverage

This research report categorizes the market for the Asia Pacific bio based lubricants market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific bio based lubricants market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific bio based lubricants market.

Driving Factors

The stringent environmental regulations are surging the focus on rethinking the lubrication strategies of companies and considering more sustainable alternatives, that ultimately responsible for propelling the bio based lubricants market. Further, the increased environmental concerns regarding synthetic lubricants are anticipated to drive the market demand for bio based lubricants. OEM specifications for biodegradable hydraulic fluids and corporate net-zero & ESG procurement targets are the factors that are driving the market for bio based lubricants. Further, the growing marine industry, in countries like China, Japan, and South Korea is responsible for driving Asia Pacific market demand.

Restraining Factors

The increased production cost of bio based lubricants as compared to traditional petroleum-based alternatives is challenging the market. Further, the oxidative & thermal stability limitations, as well as the limited shelf life of bio-lubricants, may hamper the market growth. 

Market Segmentation

The Asia Pacific Bio Based Lubricants Market Share is classified into raw material, application, and end user.

• The plant oil segment held the largest market revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific bio based lubricants market is segmented by raw material into plant oil, animal oil, and others. Among these, the plant oil segment held the largest market revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. Vegetable oil offers powerful alternatives to petroleum based oils to function as lubricant base oils, including biodegradability, cost-effectiveness, renewability, and lower environmental effects. The widespread adoption of vegetable oils, including rapeseed, soybean, and sunflower, owing to renewability and compatibility with environmental regulations, is driving the market expansion in the plant oil segment.

• The hydraulic oil segment held the largest revenue share of the bio based lubricants market in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific bio based lubricants market is segmented by application into hydraulic oil, metal working fluids, penetrating oils, grease, transformer oil, and others. Among these, the hydraulic oil segment held the largest revenue share of the bio based lubricants market in 2024 and is expected to grow at a significant CAGR during the forecast period. Hydraulic oil is highly consumed in industrial, construction, and agricultural equipment, providing excellent wear protection, corrosion resistance, and thermal stability. An increasing industrial emphasis on renewable energy sources is contributing to driving the market in the hydraulic oil segment.

•  The automotive & other transportation segment held the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific bio based lubricants market is segmented by end user into power generation, automotive & other transportation, heavy equipment, food & beverage, and others. Among these, the automotive & other transportation segment held the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. Bio based lubricants are used in engine oils, transmission fluids, and gear oils to support sustainable mobility goals. An increasing emphasis on improving environmental friendliness, reliability, durability, and energy efficiency in the automotive industry is driving the bio based lubricants market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific bio based lubricants market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Shell group of companies
• BP
• Chevron Corporation
• Magna International Pte. Ltd.
• KLUBER LUBRICATION INDIA Pvt. Ltd.
• Carl Bechem Lubricants India Private Limited
• CASTROL LIMITED
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific Bio Based Lubricants Market based on the below-mentioned segments:

Asia Pacific Bio Based Lubricants Market, By Raw Material

• Plant Oil
• Animal Oil
• Others

Asia Pacific Bio Based Lubricants Market, By Application

• Hydraulic Oil
• Metal Working Fluids
• Penetrating Oils
• Grease
• Transformer Oil
• Others

Asia Pacific Bio Based Lubricants Market, By End User

• Power Generation
• Automotive & Other Transportation
• Heavy Equipment
• Food & Beverage
• Others