Europe Biolubricants Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Base Oil (Vegetable Oils, Animal Fats, and Others), Application (Gear Oils, Hydraulic Oils, Metalworking Fluids, Greases, and Others), and End Use (Automotive, Industrial, Marine, Agriculture & Forestry, and Others)
The Europe biolubricants market is expected to grow from US$ 706.27 million in 2022 to US$ 854.87 million by 2028. It is estimated to register a CAGR of 3.2% from 2022 to 2028.
Surging Demand for Bio-Based and Sustainable Products in Various Industries Drives Europe Biolubricants Market
In the industrial sector, lubricant is one of the key components that help an equipment operate with maximum reliability and at peak efficiency. Bio-based, mineral, and synthetic lubricants; greases; compressor oils; cutting fluids; and other lubricants contain additives. Lubricants are used across various industries, including automotive, oil & gas, textile, glass, power generation, paper & pulp, chemicals & petrochemicals, agriculture, manufacturing, food & beverages, and pharmaceuticals. Mineral and synthetic lubricants pollute the environment in small but extensive quantities. Most of these lubricants are nonaqueous liquids. Earlier, almost all lubricants were mineral oil-based products. Also, they can cause major environmental damage due to accidental spillage, improper disposal, leakages, and lost lubrication. Increasing environmental and climate-protection directives ensure robust demand for bio-based products in a handful of high-growth, specialty-product categories. Environmental compatibility, longer product life, and high performance have driven the shift from traditional mineral oil lubricants to synthetic and quasi-synthetic oils and biolubricants. Conventional mineral-based lubricants can adversely affect the operators' health and the environment. Also, several studies have proven that these lubricants may contain carcinogenic additives and impurities in their formulation, which causes dermatitis and skin cancer. Furthermore, mineral oil is inferior in biodegradability, with a range of 15–35% biodegradation. The said biodegradation values are below the accepted guideline for environmentally acceptable lubricant, 80%. Therefore, plant oil has been preferred to conventional mineral-based lubricants.
In addition, strong environmental concerns and growing regulations over contamination and pollution in the environment have increased the need for renewable and biodegradable lubricants. Accelerating research and development in this area has also been driven by public demand, industrial concern, and government agencies. Better ways to protect the ecosystem or reduce the negative impact of spills or leakage of lubricants must be outlined. Governments of various countries have imposed regulations to increase the usage of bio-based products. French law 2010-788 (12/7/2010) prohibits, in natural areas classified as "sensitive," the use of fossil-based lubricants, which can be easily substituted with biodegradable nonecotoxic lubricants that meet the criteria for the European Ecolabel (2005/360/EC directive). These favorable regulations propel the demand for bio-based and sustainable biolubricants in various industries.
Europe Biolubricants Market Overview
The European Union’s Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) is thought to be the most important legislation to aid the development of biolubricants. REACH has been implemented to clean up the chemical industry and reduce the use of toxic substances. In addition to the environmental reasons, the increase in the cost of crude oil, along with concerns around the security of supply, gives a long-term financial incentive to switch to biolubricants. Nordic countries, including Denmark, Sweden, Finland, and Norway, are more proactively adopting biolubricants regardless of regulations, given the elevated collective environmental awareness in those countries. In France, institutional policies such as the Agriculture Guidance Law and the retirement and occupational health funds have been essential in promoting biolubricants, especially in applications with high worker exposure, like metalworking fluids. Furthermore, the growing automotive industry in the region is boosting the biolubricants growth. The automobile industry is one of the most rapidly growing and important industries in the European economy. According to the European Commission (EU), Europe is among the world's largest producers of motor vehicles. The automobile industry employs 13.8 million Europeans directly and indirectly, accounting for 6.1% of overall employment in the EU. According to the International Organization of Motor Vehicle Manufacturers (OICA), the EU produced 13.0 million vehicles in 2021. Biolubricants’ primary use is to reduce wear and friction on moving parts while cleaning the engine varnish and sludge. In Europe, the demand for passenger cars is heavily influenced by economic conditions. The demand for biolubricants in Europe is anticipated to grow significantly during the forecast period.
Europe Biolubricants Market Revenue and Forecast to 2028 (US$ Million)
Europe Biolubricants Market Segmentation
The Europe biolubricants market is divided into base oil, application, end use, and country.
Based on base oil, the Europe biolubricants market is segmented into vegetable oils, animal fats, and others. The vegetable oils segment held the largest Europe biolubricants market share in 2022.
Based on application, the Europe biolubricants market is segmented into gear oils, hydraulic oils, metalworking fluids, greases, and others. The others segment held the largest Europe biolubricants market share in 2022.
Based on end use, the Europe biolubricants market is segmented into automotive, industrial, marine, agriculture & forestry, and others. The industrial segment held the largest Europe biolubricants market share in 2022.
Based on country, the Europe biolubricants market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe biolubricants market in 2022.
Carl Bechem GmbH, Emery Oleochemicals LLC, Fuchs Petrolub SE, Kluber Lubrication GmbH & Co KG, Panolin AG, Shell Plc, and TotalEnergies SE are among the leading companies operating in the Europe biolubricants market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Biolubricants Market, by Base Oil
1.3.2 Europe Biolubricants Market, by Application
1.3.3 Europe Biolubricants Market, by End Use
1.3.4 Europe Biolubricants Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Biolubricants Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Biolubricants Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Automobile Sector
5.1.2 Surging Demand for Bio-based and Sustainable Products in Various Industries
5.2 Market Restraints
5.2.1 High Cost and Difficulty in Obtaining Desired Properties of Biolubricants
5.3 Market Opportunities
5.3.1 Increasing Demand for Biolubricants from Marine Industry
5.4 Future Trends
5.4.1 Rising Research and Development to Enhance Performance of Biolubricants
5.5 Impact Analysis of Drivers and Restraint
6. Biolubricants – Global Market Analysis
6.1 Europe Biolubricants Market Overview
6.2 Europe Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Biolubricants Market Analysis – By Base Oil
7.1 Overview
7.2 Europe Biolubricants Market, By Base Oil (2021 and 2028)
7.3 Vegetable Oils
7.3.1 Overview
7.3.2 Vegetable Oils: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Animal Fats
7.4.1 Overview
7.4.2 Animal Fats: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Biolubricants Market Analysis – By Application
8.1 Overview
8.2 Europe Biolubricants Market, By Application (2021 and 2028)
8.3 Gear Oil
8.3.1 Overview
8.3.2 Gear Oil: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Hydraulic Oil
8.4.1 Overview
8.4.2 Hydraulic Oil: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Metalworking Fluids
8.5.1 Overview
8.5.2 Metalworking Fluids: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Greases
8.6.1 Overview
8.6.2 Greases: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Biolubricants Market Analysis – By End Use
9.1 Overview
9.2 Europe Biolubricants Market, By End Use (2021 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Marine
9.5.1 Overview
9.5.2 Marine: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Agriculture & Forestry
9.6.1 Overview
9.6.2 Agriculture & Forestry: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Biolubricants Market – Country Analysis
10.1 Overview
10.2 Europe Biolubricants Market, by Key Country–Revenue (2021) (US$ Million)
10.2.1 Europe Biolubricants Market, by Key Country
10.2.1.1 Germany: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.1.1 Germany: Europe Biolubricants Market, By Base Oil
10.2.1.1.2 Germany: Europe Biolubricants Market, By Application
10.2.1.1.3 Germany: Europe Biolubricants Market, By End Use
10.2.1.2 France: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.2.1 France: Europe Biolubricants Market, By Base Oil
10.2.1.2.2 France: Europe Biolubricants Market, By Application
10.2.1.2.3 France: Europe Biolubricants Market, By End Use
10.2.1.3 Italy: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.3.1 Italy: Europe Biolubricants Market, By Base Oil
10.2.1.3.2 Italy: Europe Biolubricants Market, By Application
10.2.1.3.3 Italy: Europe Biolubricants Market, By End Use
10.2.1.4 UK: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.4.1 UK: Europe Biolubricants Market, By Base Oil
10.2.1.4.2 UK: Europe Biolubricants Market, By Application
10.2.1.4.3 UK: Europe Biolubricants Market, By End Use
10.2.1.5 Russia: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.5.1 Russia: Europe Biolubricants Market, By Base Oil
10.2.1.5.2 Russia: Europe Biolubricants Market, By Application
10.2.1.5.3 Russia: Europe Biolubricants Market, By End Use
10.2.1.6 Rest of Europe: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.6.1 Rest of Europe: Europe Biolubricants Market, By Base Oil
10.2.1.6.2 Rest of Europe: Europe Biolubricants Market, By Application
10.2.1.6.3 Rest of Europe: Europe Biolubricants Market, By End Use
11. Industry Landscape
11.1 Product launch
11.2 Product Approval
11.3 Company News
12. Company Profiles
12.1 Emery Oleochemicals LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fuchs Petrolub SE
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Carl Bechem GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Panolin AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 TotalEnergies SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Shell Plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kluber Lubrication GmbH & Co KG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Biolubricants Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Europe Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Europe Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Europe Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Europe Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Europe Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Europe Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Europe Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Europe Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Europe Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Europe Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Europe Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Europe Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Europe Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Europe Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Europe Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Europe Biolubricants Market, By Base Oil – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Europe Biolubricants Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Europe Biolubricants Market, By End Use – Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms, Europe Biolubricants Market
LIST OF FIGURES
Figure 1. Europe Biolubricants Market Segmentation
Figure 2. Europe Biolubricants Market Segmentation – By Country
Figure 3. Europe Biolubricants Market Overview
Figure 4. Europe Biolubricants Market, By Base Oil
Figure 5. Europe Biolubricants Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: Europe Biolubricants Market
Figure 8. Expert Opinions
Figure 9. Europe Biolubricants Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Biolubricants Market Revenue Share, By Base Oil (2021 and 2028)
Figure 12. Vegetable Oils: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Animal Fats: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Europe Biolubricants Market Revenue Share, By Application (2021 and 2028)
Figure 16. Gear Oil: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Hydraulic Oil: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Metalworking Fluids: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Greases: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe Biolubricants Market Revenue Share, By End Use (2021 and 2028)
Figure 22. Automotive: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Industrial: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Marine: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Agriculture & Forestry: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Others: Europe Biolubricants Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Europe Biolubricants Market, by Key Country– Revenue (2021) (US$ Million)
Figure 28. Europe Biolubricants Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. Germany: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. France: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Italy: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Russia: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Europe: Europe Biolubricants Market – Revenue and Forecast to 2028 (US$ Million)
- Carl Bechem GmbH
- Emery Oleochemicals LLC
- Fuchs Petrolub SE
- Kluber Lubrication GmbH & Co KG
- Panolin AG
- Shell Plc
- TotalEnergies SE
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe biolubricants market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Europe biolubricants market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.