Global Waste Oil Recycling Market Growth (Status and Outlook) 2025-2031

The global Waste Oil Recycling market size is predicted to grow from US$ 3990 million in 2025 to US$ 5679 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

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.

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 2024, providing a comprehensive analysis by region and market sector of projected Waste Oil Recycling sales for 2025 through 2031. 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 analyses 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.

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.

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.