Global Waste Oil Recycling Market 2025 by Company, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Waste Oil Recycling market size was valued at US$ 3987 million in 2024 and is forecast to a readjusted size of USD 5854 million by 2031 with a CAGR of 5.7% during review period.

Recycling and reusing used motor oil is preferable to disposal and can provide great environmental benefits. Recycled used motor oil can be re-refined into new oil, processed into fuel oils, and used as raw materials for the petroleum industry. Used oils such as engine lubrication oil, hydraulic fluids, and gear oils used in cars, bikes, or lawnmowers can pollute the environment if they are not recycled or disposed of properly. Used oil must be managed properly by local waste management authorities or Biodiesel repair shops to prevent contaminating the environment. Used oil filters pose similar waste concerns. If properly drained, they can be safely recycled or disposed.

Global key players of waste oil recycling include Safety-Kleen, World Oil, Orrco Recycles etc. The top 3 companies hold a share about 13%. North America is the largest market, with a share about 38%, followed by Europe and Asia Pacific with the share about 34% and 20%. In terms of product, lubricating oil is the largest segment, with a share over 33%. And in terms of application, the largest application is re-refiners, followed by industrial fuel and biodiesel.

The global waste oil recycling market is experiencing robust growth, driven by increasing environmental regulations and the growing focus on sustainability. Waste oil, which includes used lubricants, engine oils, and hydraulic fluids, poses a significant environmental threat if not properly managed. As a result, governments worldwide are implementing stringent regulations to promote the proper disposal and recycling of waste oil. Recycling waste oil not only reduces pollution but also conserves natural resources by reprocessing used oil into reusable forms, such as fuel oils or lubricants. The demand for waste oil recycling is particularly high in industries like automotive, transportation, and manufacturing, where large quantities of oil are consumed, and re-refined oil can be used in various industrial processes. North America and Europe, with well-established regulatory frameworks and advanced recycling technologies, are leading the market.

In emerging markets across Asia-Pacific, Latin America, and Africa, the waste oil recycling market is expanding as awareness of environmental sustainability grows and infrastructure for recycling improves. The rising demand for energy and the increasing cost of crude oil have further spurred interest in re-refining waste oil into valuable byproducts. Technological advancements in recycling processes, such as vacuum distillation and hydrogenation, are enhancing the efficiency and quality of recycled oils, making them more competitive with virgin oils. Additionally, the growing use of waste oil-derived fuels in power generation and industrial applications is contributing to market growth. As the global focus on circular economies and resource efficiency intensifies, the waste oil recycling market is poised for continued expansion in the coming years.

This report is a detailed and comprehensive analysis for global Waste Oil Recycling market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Waste Oil Recycling market size and forecasts, in consumption value ($ Million), 2020-2031

Global Waste Oil Recycling market size and forecasts by region and country, in consumption value ($ Million), 2020-2031

Global Waste Oil Recycling market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031

Global Waste Oil Recycling market shares of main players, in revenue ($ Million), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Waste Oil Recycling

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Waste Oil Recycling market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Safety-Kleen, Lorco, World Oil, Orrco Recycles, FP Petro Products, CSG, MTB, Oil Salvage, Tradebe, Veolia, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Waste Oil Recycling market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Fuel Oil
Lubricating Oil
Hydraulic Oil
Transformer Oil
Cooking Oil
Others

Market segment by Application
Re-refiners
Biodiesel
Industrial Fuel
Others

Market segment by players, this report covers
Safety-Kleen
Lorco
World Oil
Orrco Recycles
FP Petro Products
CSG
MTB
Oil Salvage
Tradebe
Veolia
Nobleoil
Mid States Oil Refining
Broad
Beijing First Filtration Trade
Jinghong Renewable Resources

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 and Rest of Asia-Pacific)

South America (Brazil, 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 Waste Oil Recycling product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Waste Oil Recycling, with revenue, gross margin, and global market share of Waste Oil Recycling from 2020 to 2025.

Chapter 3, the Waste 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 by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031

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 2020 to 2025.and Waste Oil Recycling market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.

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

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

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