Biolubricants Market Size To Reach $3.73 Billion By 2030

October 2023 | Report Format: Electronic (PDF)

Biolubricants Market Growth & Trends

The global biolubricants market size is expected to reach USD 3.73 billion by 2030, registering a CAGR of 5.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing passenger car sales in emerging economies is one of the major drivers of industry expansion in recent years. The favorable regulatory framework is expected to encourage the production & consumption of bio-based lubricants over the forecast period. The U.S. EPA has implemented regulations that require all marine vessels to obtain the mandatory Vessel General Permit (VGP) for plying in the U.S. waters & also utilize environment-friendly, acceptable lubricants in all oil-to-sea interfaces.

Various environmental issues associated with conventional lubricants are driving the demand for vegetable & plant-based lubricants. The product segment is anticipated to benefit from the growing demand from industrial & transportation sectors in developed regions.

Vegetable oil was the leading raw material used for biolubricants with a commanding share of 88.1% in 2015. They are also expected to witness the highest growth of 7.6% over the forecast period.

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Biolubricants Market Report Highlights

  • Increasing cost competitiveness of advanced biolubricants, specifically on account of high crude oil prices in the future, is a significant factor driving their demand in automotive applications

  •  Automotive engine oils dominate the industry, since these oils exceed the performance of conventional engine oils Developments resulting in better oxidation resistance of vegetable oils and improved functionality are expected to drive the segment growth

  • North America dominated the biolubricants market and accounted for the largest revenue share of 35.2% in 2022. The region is technologically mature compared to others such as Asia Pacific, Latin America, and the Middle East.

  • Regulations have played a huge role in shaping the consumer base for bio-based products in the U.S. Currently, the U.S. accounts for nearly 80% of the North American market in terms of volume.

Biolubricants Market Segmentation

Grand View Research has segmented the global biolubricants market based on source, end-use, application, and region:

Biolubricants Source Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Vegetable Oil

  • Animal Oil

Biolubricants End-Use Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Industrial

  • Commercial Transportation

  • Consumer Automotive

Biolubricants Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Transportation

    • Automotive Engine Oils

    • Gear Oils

    • Hydraulic Oils

    • Transmission Fluids

    • Greases

    • Chainsaw Oils

    • Others

  • Industrial

    • Process Oils

    • Demolding Oils

    • Industrial Gear Oils

    • Industrial Greases

    • Metal Working Fluids

    • Others

Biolubricants Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Netherlands

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • Southeast Asia

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

List Of Key Players Biolubricants Market

  • TotalEnergies

  • Exxon Mobil Corporation

  • Shell plc


  • PETRONAS Lubricants International

  • Kluber Lubrication

  • Emery Oleochemicals

  • Chevron Corporation

  • Albemarle Corporation


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