Global Used Engine Oil Recycling Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Used Engine Oil Recycling Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Used Engine Oil Recycling market size was valued at USD 2385.8 million in 2022 and is forecast to a readjusted size of USD 3482.3 million by 2029 with a CAGR of 5.6% during review period.

Waste engine oil recycling is restricted by many factors, including the following aspects:

Imperfect recycling system: At present, the waste engine oil recycling system is not sound enough and lacks effective management systems and supervision mechanisms. This has led to some criminals using illegal means to recycle and process used engine oil, which has had a negative impact on the entire recycling industry.

High recycling costs: The recycling of used engine oil requires a lot of manpower, material and financial resources, including transportation, storage, processing and reuse, which all require a certain cost. At the same time, since the output of waste engine oil is relatively small, the cost of recycling is also increased.

Insufficient technical level: At present, the technical level of waste engine oil treatment and reuse needs to be improved, and there is a lack of efficient, environmentally friendly, and practical treatment methods and equipment. As a result, some recycled waste engine oil cannot be effectively reused, and may even cause secondary pollution to the environment.

Insufficient social awareness: Some companies and individuals have insufficient awareness of the hazards of waste engine oil and the importance of disposal. They lack environmental awareness and social responsibility, and often discard or discharge waste engine oil at will, causing great harm to the environment.

Illegal acquisition and disposal: Because used engine oil has a certain economic value, some companies and individuals will illegally acquire and dispose of used engine oil, causing real recycling companies to be unable to obtain sufficient resources, which will have an impact on the entire recycling industry.

Unbalanced regional development: The economic development of different regions is unbalanced. Some developed areas attach greater importance to the recycling and processing of waste oil, while the recycling and processing of waste oil in some less developed areas lags behind, resulting in a low recovery rate of waste oil in these areas. .

To sum up, waste oil recycling work is subject to many constraints. It requires the government, enterprises and individuals to work together to strengthen management and supervision, improve technical levels and social awareness, and jointly promote the development of the waste oil recycling industry.

The Global Info Research report includes an overview of the development of the Used Engine Oil Recycling industry chain, the market status of Regenerated Engine Oil (Diesel Engine Oil, Gasoline Engine Oil), Concrete Release Agent (Diesel Engine Oil, Gasoline Engine Oil), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Used Engine Oil Recycling.

Regionally, the report analyzes the Used Engine Oil Recycling markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Used Engine Oil Recycling market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Used Engine Oil Recycling market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Used Engine Oil Recycling industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Diesel Engine Oil, Gasoline Engine Oil).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Used Engine Oil Recycling market.

Regional Analysis: The report involves examining the Used Engine Oil Recycling market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Used Engine Oil Recycling market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Used Engine Oil Recycling:

Company Analysis: Report covers individual Used Engine Oil Recycling players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Used Engine Oil Recycling This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Regenerated Engine Oil, Concrete Release Agent).

Technology Analysis: Report covers specific technologies relevant to Used Engine Oil Recycling. It assesses the current state, advancements, and potential future developments in Used Engine Oil Recycling areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Used Engine Oil Recycling market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Used Engine Oil Recycling market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Diesel Engine Oil
Gasoline Engine Oil

Market segment by Application
Regenerated Engine Oil
Concrete Release Agent
Oily Road Surface
Maintain Chain
Boiler Fuel
Others

Market segment by players, this report covers
World Oil
Tradebe
Safety-Kleen
Orrco Recycles
Oil Salvage
MTB
Lorco
FP Petro Products
CSG
Veolia
Nobleoil
Mid States Oil Refining
Broad Group
Jinghong Renewable Resources
Luojiang Yida Renewable Resources Co., Ltd.

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Used Engine Oil Recycling product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Used Engine Oil Recycling, with revenue, gross margin and global market share of Used Engine Oil Recycling from 2018 to 2023.

Chapter 3, the Used Engine Oil Recycling competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Used Engine Oil Recycling market forecast, by regions, type and application, with consumption value, from 2024 to 2029.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Used Engine Oil Recycling.

Chapter 13, to describe Used Engine Oil Recycling research findings and conclusion.