Global Waste Oil Recycling Market Growth (Status and Outlook) 2023-2029

Global Waste Oil Recycling Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Waste Oil Recycling Industry Forecast” looks at past sales and reviews total world Waste Oil Recycling sales in 2022, providing a comprehensive analysis by region and market sector of projected Waste Oil Recycling sales for 2023 through 2029. With Waste Oil Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Waste Oil Recycling industry.
This Insight Report provides a comprehensive analysis of the global Waste Oil Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Waste Oil Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Waste Oil Recycling market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Waste Oil Recycling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Waste Oil Recycling.
The global Waste Oil Recycling market size is projected to grow from US$ 3544.2 million in 2022 to US$ 5349.7 million in 2029; it is expected to grow at a CAGR of 6.1% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Waste Oil Recycling market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Fuel Oil
Lubricating Oil
Hydraulic Oil
Transformer Oil
Cooking Oil
Others
Segmentation by application
Re-refiners
Biodiesel
Industrial Fuel
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.