Waste Oil Market By Type (Transmission oil, Engine Oil, Lubricants), By Application (Waste Oil Boilers, Bio Diesel, Re Refiners), By Technology (Vaccum Distillation Process, Distillation Hydrogen Treatment, Thin- Film Evaporation): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global waste oil market was valued at $45.0 billion in 2021, and is projected to reach $70.6 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.
Waste oil means oil that is contaminated with toxic substances and can no longer be used for its original purpose. Waste oil is beneficial only when recycled and reused in times of high crude oil prices all over the globe which propels the need to generate waste oil. A wide variety of waste oils such as transmission oils, hydraulic oils, lubricating oils, and fuel oils are generated through various industrial and manufacturing processes. These waste oils are used as lubricants and machine oil for automotive and industrial applications
For the purpose of analysis, the waste oil market scope is segmentation into type, application, technology, and region. The applications of waste oil covered in the study include waste oil boilers, bio-diesel and re-refiners. On the basis of type, it is fragmented into transmission oil, engine oil, and lubricants. In terms of technology, it is classified into Vacuum Distillation Process, Distillation Hydrogen Treatment, and Thin- Film Evaporation. Moreover, it analyzes the current market trends of waste oils across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
The key players that operate in the global waste oil market include, ENVA, GOINS Waste Oil Company, Gecco Fuels, Enfields Chemicals CC, Oil Salvage Ltd, MIB Waste Services, Alexandria Petroleum Company, Falzon Group, JJ.Richards & Sons Pvt Ltd, Safety-Kleen Systems, Silver Recycling, Alliance To End Plastic Waste, MIB Waste Services, and Neste
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the waste oil market analysis from 2021 to 2031 to identify the prevailing waste oil market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the waste oil market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global waste oil market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Transmission oil
Engine Oil
Lubricants
By Application
Waste Oil Boilers
Bio Diesel
Re Refiners
By Technology
Vaccum Distillation Process
Distillation Hydrogen Treatment
Thin- Film Evaporation
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest of LAMEA
Key Market Players
Alexandria Petroleum Co
Enfields Chemicals CC
Enva
Falzon Group
Gecco
Goins Waste Oil company inc
J.J. Richards & Sons Pty Ltd
Oil Salvage Ltd
Safety-Kleen Systems, Inc
Sliker Recycling
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