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Biodegradable Engine Oil Market by Type and Application: Global Opportunity Analysis and Industry Forecast 2020-2027

  • ID: 5237537
  • Report
  • November 2020
  • Region: Global
  • 200 pages
  • Allied Analytics LLP
The global biodegradable engine oil market was valued at $931.2 million in 2019, and is projected to reach $1,180.4 million by 2027, growing at a CAGR of 4.3% from 2020 to 2027.



Biodegradation is a process that transforms materials that enter the environment or breaks them down. Microorganisms (or their enzymes), such as bacteria, yeast, protozoans, and fungi, present in the environment perform the biodegradation process. Carbon dioxide and water are released into the environment during the process. Using biodegradable sources, such as vegetable oil, the production of biodegradable engine oil is carried out. Biodegradable engine oil manufacturers focus on bioaccumulation and eco-toxicity to reduce the adverse environmental impacts of engine oil.

Increase in use of high-performance lubricants, demand from the growing wind energy sector, and expansion of the global cold chain market are the major factors that drive the market. In addition, in the context of government regulations driving such products, the market is fueled by the increasing supply of high-performance, cost-competitive green base oils. The production of bio-lubricants remains heavily dependent on the provision of vegetable and animal oils, which are by-products of other industrial processes. The initial cost of production, which may hamper its growth over the forecast period, is also increased by complex processing technologies. However, increase in prominence for bio-lubricants and industrial growth in the Middle East & Africa region are expected to act as possibilities over the forecast period.

The market is segmented on the basis of type, application, and region. By type, it is classified into vegetable oils, polyalkylene glycols, synthetic esters, and others. Based on application, it is sub-divided into agriculture, transportation, construction, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The biodegradable engine oil market analysis covers in-depth information of the major industry participants. Some of the major players in the market include BP, Condat, Croda International Plc., Exxon Mobil, FUCHS Group, NANDAN PETROCHEM LTD., Renewable Lubricants, Repsol, Royal Dutch Shell, and Total Lubricants.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global biodegradable engine oil from 2019 to 2027 to determine the prevailing market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • Estimations and forecast are based on factors impacting the market growth in terms of both value and volume.
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
Impact of COVID-19 on the global biodegradable engine oil market
  • The world is battling the contagious COVID-19 pandemic, which has spread across the globe.
  • Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
  • The outbreak has forced many industries to shut down due to lack of raw material availability and disruptions in the supply chain. The global lockdown has suspended the activities of construction and many other industries, which declined the demand for biodegradable engine oil.
  • The demand-supply gap, disruptions in raw material procurement, price volatility, and many other factors are expected to hamper the growth of the chemical industry during the COVID-19 pandemic.
  • Biodegradable engine oil is primarily used in manufacturing, transportation, construction, consumer goods, and others. As a reaction to the national lockdown, these sectors were experiencing sudden decline in growth rates.
  • Less usage of machinery results in reduced demand for industrial lubricants from various end-use sectors. Subsequent downfall in the construction industry across various nations further hinders the market. growth
Key market segments

By Type
  • Glass Vegetable Oils
  • Polyalkylene Glycols
  • Synthetic Esters
  • Others
By Application
  • Agriculture
  • Transportation
  • Construction
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Qatar
  • UAE
  • Rest of LAMEA
Key Market Players
  • BP
  • Condat
  • Croda International Plc
  • Exxon Mobil
  • FUCHS Group
  • NANDAN PETROCHEM LTD.
  • Renewable Lubricants
  • Repsol
  • Royal Dutch Shell
  • Total Lubricants
Note: Product cover images may vary from those shown
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Key Findings
2.2.1. Top Investment Pockets
2.3. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Porter’s Five Forces Analysis
3.2.1. Bargaining Power of the Supplier
3.2.2. Bargaining Power of the Buyer
3.2.3. Threat of Substitutes
3.2.4. Threat of New Entrant
3.2.5. Competitive Rivalry
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Growing Automotive Industry
3.3.1.2. Increasing Industrialization in Emerging Economies
3.3.2. Restraint
3.3.2.1. High Cost of Biodegradable Oils
3.3.3. Opportunity
3.3.3.1. Increasing Consumption of Vegetable Oil
3.4. Patent Analysis
3.5. Impact of Government Rules & Regulations
3.6. Impact of Covid-19 Outbreak on the Market

Chapter 4: Overview Biodegradable Engine Oil Market, by Type
4.1.1. Market Size and Forecast
4.2. Vegetable Oils
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Natural Esters
4.2.3. Triglycerides
4.2.4. Market Size and Forecast, by Region
4.2.4.1. Market Analysis, by Country
4.3. Polyalkylene Glycols
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Synthetic Esters
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis, by Country

Chapter 5: Biodegradable Engine Oil Market, by Application
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Agriculture
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Transportation
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Construction
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
5.5. Others
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis, by Country

Chapter 6: Biodegradable Engine Oil Market, by Region
6.1. Overview
6.1.1. Market Size and Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Type
6.2.3. Market Size and Forecast, by Application
6.2.4. Market Size and Forecast, by Country
6.2.5. U.S.
6.2.5.1. Market Size and Forecast, by Type
6.2.5.2. Market Size and Forecast, by Application
6.2.6. Canada
6.2.6.1. Market Size and Forecast, by Type
6.2.6.2. Market Size and Forecast, by Application
6.2.7. Mexico
6.2.7.1. Market Size and Forecast, by Type
6.2.7.2. Market Size and Forecast, by Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Type
6.3.3. Market Size and Forecast, by Application
6.3.4. Market Size and Forecast, by Country
6.3.5. Germany
6.3.5.1. Market Size and Forecast, by Type
6.3.5.2. Market Size and Forecast, by Application
6.3.6. France
6.3.6.1. Market Size and Forecast, by Type
6.3.6.2. Market Size and Forecast, by Application
6.3.7. UK
6.3.7.1. Market Size and Forecast, by Type
6.3.7.2. Market Size and Forecast, by Application
6.3.8. Italy
6.3.8.1. Market Size and Forecast, by Type
6.3.8.2. Market Size and Forecast, by Application
6.3.9. Spain
6.3.9.1. Market Size and Forecast, by Type
6.3.9.2. Market Size and Forecast, by Application
6.3.10. Rest of Europe
6.3.10.1. Market Size and Forecast, by Type
6.3.10.2. Market Size and Forecast, by Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Type
6.4.3. Market Size and Forecast, by Application
6.4.4. Market Size and Forecast, by Country
6.4.5. China
6.4.5.1. Market Size and Forecast, by Type
6.4.5.2. Market Size and Forecast, by Application
6.4.6. Japan
6.4.6.1. Market Size and Forecast, by Type
6.4.6.2. Market Size and Forecast, by Application
6.4.7. India
6.4.7.1. Market Size and Forecast, by Type
6.4.7.2. Market Size and Forecast, by Application
6.4.8. Australia
6.4.8.1. Market Size and Forecast, by Type
6.4.8.2. Market Size and Forecast, by Application
6.4.9. South Korea
6.4.9.1. Market Size and Forecast, by Type
6.4.9.2. Market Size and Forecast, by Application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market Size and Forecast, by Type
6.4.10.2. Market Size and Forecast, by Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Type
6.5.3. Market Size and Forecast, by Application
6.5.4. Market Size and Forecast, by Country
6.5.5. Brazil
6.5.5.1. Market Size and Forecast, by Type
6.5.5.2. Market Size and Forecast, by Application
6.5.6. Saudi Arabia
6.5.6.1. Market Size and Forecast, by Type
6.5.6.2. Market Size and Forecast, by Application
6.5.7. South Africa
6.5.7.1. Market Size and Forecast, by Type
6.5.7.2. Market Size and Forecast, by Application
6.5.8. Rest of LAMEA
6.5.8.1. Market Size and Forecast, by Type
6.5.8.2. Market Size and Forecast, by Application

Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2019
7.2. Top Winning Strategies
7.2.1. Top Winning Strategies, by Year
7.2.2. Top Winning Strategies, by Development
7.2.3. Top Winning Strategies, by Company
7.3. Product Mapping of Top 10 Player
7.4. Competitive Heatmap
7.5. Key Developments
7.5.1. Partnership
7.5.2. Mergers and Acquisition

Chapter 8: Company Profiles:
8.1. Bp P. L. C
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves and Developments
8.2. Condat
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Product Portfolio
8.2.4. Key Strategic Moves and Developments
8.3. Croda International plc.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.4. Exxon Mobil Corporation
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.5. Fuchs Group
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Business Performance
8.5.6. Key Strategic Moves and Developments
8.6. Nandan Petrochem Ltd.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.7. Renewable Lubricants
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Product Portfolio
8.8. Repsol
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Business Performance
8.9. Royal Dutch Shell plc.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.10. Total Se
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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