Bio-Lubricants Market Research Report - Forecast Till 2030

Bio-Lubricants Market: Information by Type (Vegetable Oils, Animal Fats), Application (Hydraulic Fluids, Mold Release Agents, Chainsaw Oils, Greases, Automotive Engine Oils, and Others), End-Use Industry (Automotive, Construction, Transportation, and Others) - Forecast till 2030

ID: MRFR/CnM/1478-HCR | February 2023 | Region: Global | 140 Pages         

Bio-Lubricants Market

The Bio-Lubricants Market Analysis showed that during the historic forecast period that ended in 2019, the market closed its operations by reaching a final market valuation worth USD 3.98 billion, is expected to grow at a CAGR of 4.40%.

By Type Vegetable Oils Animal Fats
Application Hydraulic Fluids Mold Release Agents Chainsaw Oils Greases Automotive Engine Oils Others
End-Use Industry Automotive Construction Transportation Others
Key Players
Companies Profiled   ExxonMobil (US)   Panolin AG (Switzerland)   Royal Dutch Shell (Netherlands)   BP (UK)   FUCHS Group (Germany)   Total S.A (France)   Cargill Inc. (US)
Market Driving Forces   Rising consumer awareness regarding the environment   Depleting crude oil reserves \r\n   Introduction of legislation   Increasing government spending on R&D   Product innovation
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Bio-Lubricants Market Overview 

The Bio-Lubricants Market Analysis showed that during the historic forecast period that ended in 2019, the market closed its operations by reaching a final market valuation worth USD 3.98 billion. Owing to the recent trends and the widely accepted idea that bio-lubricants belong to a sustainable nature and are a part of the biodegradable base stocks, that are used for their formulations, the market operations expect a steep rise during the ongoing forecast period of 2021-2030. During the current forecast period that ends in 2030, the Bio-Lubricants Market operations are expected to grow at a CAGR of 4.40%. 

One of the main reasons due to which the Bio-Lubricants Market operations are witnessing substantial growth during the forecast period of 2021-2030, is that there is a huge rise of the market products in the form of chemicals across a huge number of manufacturing and transportation units. Also, the target audience is gaining a lot of awareness and realizing and understanding the environmental conditions to make similar changes instead of a better tomorrow. 

COVID 19 Analysis 

The pandemic has opened doors for new problems and struggles for the production and manufacturing units of prominent market players in the international market. One of the major issues is that the bio-lubricants market has low or negligible availability of raw materials that will impact the ability of the producers to produce a sufficient amount to cater to the needs of the target audiences across the globe. Another struggle being faced by the production units is that the lockdown that had been imposed by the government is restricting them to carry on their operations for a longer duration to restore the supply chain mechanism that prevailed in the market in the pre-covid times. However, the rising environmental concerns in the 21st century are pushing the people to mend their ways that harm the environment and cause irreparable damage. 

The rising environmental concerns are pushing the global governments to address the important climatic issues and thus, invest in the functions and products that are better for environmental conservation. Also, the wide attempts undertaken by the prominent players as a part of the growing Bio-Lubricants Market Size have positive attributes in-store post the COVID-19 era and promise great returns to the market during the forecast period that ends in 2027. 

Market Dynamics 


The Bio-Lubricants Industry is gaining major momentum as they are being widely accepted as substitutes to the oils that have a petroleum-based nature. This change promises a positive impact on the environmental concerns and further, helps in solving the related issues. Plant oils and animal fats are being used in the form of renewable raw materials. The vegetable oil-based lubricants are recognized to offer a series of environmental and sustainable advantages over petroleum-based counterparts. Further, they have a higher degree of biodegradability and are more cost-effective. Being renewable is another added advantage that is driving the demand for the bio-lubricants market operations during the forecast period that ends in 2030.  


The Bio-Lubricants Market Growth is witnessing restraints in the form of associated costs. Any conventional bio-lubricant is expected to be available in the market at a 30-40% increased price. Production of cost-effective lubricants is a major issue which the prominent market players are facing major issues to resolve. 

Technology Analysis 

Based on the Technological Advancements and Developments, there is a special focus on motor oil for cars. There is a rapid increase in environmental issues which will benefit and enhance the demand for Bio-Lubricants Market. The temperature and climate for bio-lubricants are favorable and hence, the market players are positive and anticipate a great degree of sustainability for the industry to emerge as an evergreen one during the forecast period ending in 2027 and beyond that as well.

Study Objectives 

  • To project the CAGR growth rate and the market valuation expected to reach during the forecast period that ends in 2030 based on the Bio-Lubricants Market dynamics like drivers, opportunities, and restraints.

  • To study the market scope and the revenue potential of the market segments that will impact the final Bio-Lubricants Market valuation during the period.

  • To analyze the degree of competition prevailing amongst the market players that are functional in the Bio-Lubricants Market during the period.

  • To forecast the dominant market players and regions based on the undertaken recent developments during the period ending in 2030. 

Bio-Lubricants Market Share, By Application, 2019 (%)  Bio-Lubricants Market

Source: MRFR Analysis

Segment Overview 

The Bio-Lubricants Market Value is based on the revenue earned by the market segments when they render their operations to the global target audience. The market has been segmented based on the following: 

Based on Base Oil    

Based on the Base Oil Segment of the Bio-Lubricants Market, the segment includes vegetable oil, animal fats, and others like synthetic ester. 

Based on Application 

The Application Segment of the Bio-Lubricants Market is available inclusive of gear oils, hydraulic oil, chainsaw oil, mold release agents, two-cycle engine oils, and others like metalworking fluids, greases, refrigeration fluids, and transformer oils. 

Based on the Industry End-Users 

There are various industries like energy, metallurgy, marine, power, mining, food, pharmaceutical, and others like commercial transportation, and consumer automobile that will help in the Bio-Lubricants Market expansion. 

Based on the Global Regions 

The Bio-Lubricants Market operations are currently based in 5 major global locations. These are the European nations, the Middle East and Africa, APAC, South America, and North America.  

Regional Analysis 

Based on the Region Segment of the bio-lubricants market, the operations are undergoing in 5 major global regions. Out of these, the Bio-Lubricants Market Value is expected to be the maximum in the European group of nations. One of the major regions due to which, the global operations are likely to be the maximum in this region is the presence of stringent regulations. Also, there is an ongoing transition towards bio-economy in the countries like Itlay and Germany alongside the Nordic countries like Benelux and France. There are many promotional programs for bio-based chemicals in the form of fuels and lubricants that promises excellent attributes to the market during the forecast period that ends in 2027. 

Competitive Landscape  

The Bio-Lubricants Market are pushing the development of a globally competitive degree amongst the prominent market players that are catering to the needs of a larger target audience. The Bio-Lubricants Market Players are as follows: 

  • ExxonMobil (US)

  • Panolin AG (Switzerland)

  • Royal Dutch Shell (Netherlands)

  • BP (UK)

  • FUCHS Group (Germany)

  • Total S.A (France)

  • Cargill Inc. (US) 

Recent Developments 

  • October 2021 : Eni, an Italian integrated energy firm, is planning to set up a production unit for alternative sustainable aviation fuel (SAF). The company is expected to double its bio-lubricant capacity of around 1.1 million tonnes/year in the next four years, striving to foster it to 5-6 million tonnes/year by the year 2050. Biojet is anticipated to be of high importance in the product mix, in conjunction with the business scenarios and latest trends. The company is focused on touching a production capacity of close to 500,000 tonnes/year for biojet by the year 2030.

  • October 2021 : Neste, a renowned oil refiner, will be entering a collaboration deal with Hesburger, a well-known restaurant chain in Finland, for the collection of used cooking oil from more than 300 local restaurants. This will be used in the production of bio-lubricants/renewable diesel. Additionally, the restaurants will be making use of Neste’s MY Renewable Diesel throughout their transport fleet across Finland.

  • Mobil SHC Aware HS (Hydraulic System) series of hydraulic oils was launched in January 2018. The main aim behind this was to protect the highly challenging and variable marine environment. The main aim behind this is to meet the VGP requirements for EAL. Also, this step is likely to help the company by providing them with a competitive advantage over the availability of other bio-lubricants in the segment of marine applications during the forecast period that ends in 2027.

  • Out of its distributor companies spread in various regions, FUCHS Group took a step forward and went on with hiring half of the shares of its 3 distributors that are located in places like Mozambique, Zimbabwe, and Zambia. The main aim behind this share acquisition is to enhance the presence of the company and gain a larger momentum in the sub-Saharan African region during the forecast period of 2021-2027.

  • Another prominent market player - Royal Dutch Shell came forward in March 2020 and announced its attempt to expand the facility indulged in lubricant production in Marunda Centre, located in Indonesia. The main aim behind this expansion is to enhance the capability of the plant to handle as many as 300 million liters of lubricant production and thus, maintain a proper supply chain mechanism amongst the suppliers and customers, especially during the forecast period. 

Intended Audience 

  • Public sector and government enterprises

  • Bio-lubricant manufacturers and producers

  • Enterprises included in the bio-lubricants trading

  • Market investors

  • Research firms

  • Development institutions

  • Medical and pharmaceutical companies

Report Overview 

The Bio-Lubricants Market Outlook in the form of this report is a clear depiction of the market functions. The report focuses on important aspects like the performance of the prominent market players and the recent developments undertaken by them from 2021 through 2030. The report offers detailed Bio-Lubricants Market Insights on the prevailing trends and encompasses the dynamics in the form of the demand drivers and growth opportunities that will be responsible for the global growth of the market when the forecast period ends in 2030.

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 3.98 Billion
  CAGR   4.40% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Applications, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Exxon Mobil Corporation (US), Total (France), BP p.l.c (UK), FUCHS (Germany), PANOLIN AG (Switzerland), Emery Oleochemicals (Malaysia), Biol Biolubricants (Sweden), RSC Bio Solutions (US), BECHEM (India), and IGOL (France)
  Key Market Opportunities

  • Investing in the development of alternative, efficient
  • Cost-effective methods for the production of bio-lubricants
  • Increasing oil prices
  • Stringent environmental regulations on conventional lubricants
  •   Key Market Drivers

  • Rising consumer awareness regarding the environment
  • Depleting crude oil reserves \r\n
  • Introduction of legislation
  • Increasing government spending on R&D
  • Product innovation

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    Frequently Asked Questions (FAQ) :

    The global bio-lubricants market is predicted to touch USD 3.98 billion by 2030.

    The bio-lubricants market is predicted to grow at a 4.40% CAGR between 2021-2030.

    Notable players profiled in the bio-lubricants market include IGOL (France), BECHEM (India), RSC Bio Solutions (US), Biol Biolubricants (Sweden), Emery Oleochemicals (Malaysia), PANOLIN AG (Switzerland), FUCHS (Germany), BP p.l.c (UK), Total (France), and Exxon Mobil Corporation (US).

    North America is likely to spearhead the bio-lubricants market.

    Increasing environmental concerns coupled with growing awareness about biodegradable products are boosting the global bio-lubricants market growth.