Automotive Oil Recycling Market Growth, Size, Trends, Revenue, Share, Demand and Future Outlook
Automotive Oil Recycling Market Size- By Oil Type, By Collection Method, By Technology, By End User Industry, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: AMIN23192 | Pages: 1 - 230 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Oil Recycling Market Introduction and Overview
According to SPER Market Research, the Global Automotive Oil Recycling Market is estimated to reach USD 83.12 billion by 2033 with a CAGR of 5.9%.
The report includes an in-depth analysis of the Global Automotive Oil Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Repurposing spent oils and lubricants from automotive sources into new lubricants or other uses is known as automotive oil recycling. It lessens dependency on crude oil while assisting in the recovery of the base oils and preventing waste. Stricter environmental laws, improved re-refining technology, and increased car sales are the main factors propelling the industry.
- In June 2022, Safety-Kleen launched a new line of base oils, emphasizing that the utilization of re-refined base oil, as opposed to traditional refining methods, results in the prevention of 10 kilograms of carbon dioxide emissions.
- September 2022: The Finnish used oil collection company owned by Enevo was purchased by Heritage-Crystal Clean. As a result, its European collection network grew.
- December 2020: Nexus Fuels and FCC Environmental collaborated to provide recycled base oils. The collaboration improved the circular economy credentials of both businesses.
Market Opportunities and Challenges
The automotive oil recycling market is expanding steadily due to government rules governing the disposal of spent oil and growing apprehensions about the future of crude oil sources. Most of the spent vehicle oil produced worldwide is either recovered energy or is reused after re-refining. Stricter laws controlling their disposal and rising environmental consciousness have propelled the demand for recycled used car oils. Moreover, the quality of recycled oil has greatly increased due to ongoing innovation in oil re-refining processes. Modern techniques such as vacuum distillation and hydro-treating have improved the quality of regenerated oil to the point where its performance is now on par with virgin oil. The amount of motor oil consumed increases as the world's car fleet keeps expanding. Recycling businesses have an excellent opportunity to grow their businesses and increase their market share thanks to this trend.
However, there are obstacles in the way of the vehicle oil recycling business, including rivalry, fragmentation of the market, contamination, and quality assurance. Ensuring that the recycled oil fulfils the necessary quality criteria is an ongoing problem. Moreover, inefficient methods of disposing of used oil by numerous private car owners and independent repair shops still impede efficient gathering. One of the main obstacles is the high setup costs associated with advanced recycling systems and oil collecting stations, particularly in developing markets. Tight quality standards and competition from goods obtained from crude oil further compound operating challenges. All things considered, the circular economy and sustainability are becoming increasingly important, and this offers market players a lot of opportunities. Through standardisation and accessibility, cooperation with local communities, industry associations, and governments may help unlock potential. Technological developments to improve fuel quality from used oils also offer ways around limitations.
Market Competitive Landscape
The market for recycled automobile oil is fragmented, and the presence of multiple companies is expected to cause rivalry. To stay ahead of the competition and to guarantee effectiveness, honesty, and safety, major service providers in the industry are always updating their technologies. In order to obtain a competitive advantage over their rivals and secure a substantial portion of the market, these firms concentrate on cooperation, product improvements, and partnerships. The major players in the Global Automotive Oil Recycling market include: Clean Harbors, Delta-Energy Group, LLC, GFL Environmental Inc., HCC Eagle Environmental Services, Inc., Heritage-Crystal Clean, LLC, MidStates Oil Refining Co. LLC, NexLube, PetroChoice, Recytech, Safety-Kleen Systems, Inc., Sage Oil Vac, Inc., Solventis Ltd., Southern Oil Refining Pty Ltd, Suncor Energy Inc., Texas Used Oil Collection Program, Universal Lubricants, Valvoline, Vertex Energy, Inc., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Oil Type, By Collection Method Type, By Technology, By End-use Industry, By Distribution Channel. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Clean Harbors, Delta-Energy Group, LLC, GFL Environmental Inc., HCC Eagle Environmental Services, Inc., Heritage-Crystal Clean, LLC, MidStates Oil Refining Co. LLC, NexLube, PetroChoice, Recytech, Safety-Kleen Systems, Inc., Sage Oil Vac, Inc., Solventis Ltd., Southern Oil Refining Pty Ltd, Suncor Energy Inc., Texas Used Oil Collection Program, Universal Lubricants, Valvoline, Vertex Energy, Inc., Others |
COVID-19 Impact on Global Automotive Oil Recycling Market
The COVID-19 epidemic had a major impact on the global market for recycled automotive oil, disrupting supply chains and lowering vehicle usage. Restrictions, lockdowns, and uncertain economic conditions resulted in a decrease in car repair activities, which in turn affected the production of old oil suitable for recycling. However, interest in automobile oil recycling has continued to develop due to the growing emphasis on sustainability and environmental issues. This could lead to a comeback when economies progressively reopen.
Key Target Audience:
- Automotive Industry Players
- Automotive Service and Repair Shops
- Fleet Operators
- Individual vehicle owners and operators
- Investors and Financial Institutions
- Oil recycling facilities and plants
- Waste Management Companies
- Others
Our in-depth analysis of the Automotive Oil Recycling Market includes the following segments:
| By Oil Type: |
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| By Collection Method Type: |
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| By Technology: |
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| By End-use Industry: |
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| By Distribution Channel: |
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Key Topics Covered in the Report:
- Global Automotive Oil Recycling Market Size (FY’2023-FY’2033)
- Overview of Global Automotive Oil Recycling Market
- Segmentation of Global Automotive Oil Recycling Market By Oil Type (Brake Fluids, Engine Oils, Gear Oils, Greases, Hydraulic Fluids, Transmission Fluids, Others)
- Segmentation of Global Automotive Oil Recycling Market By Collection Method Type (Automotive Manufacturers, DIY Collection Centers, Garages & Service Stations, Independent Collectors, Municipal Collection Centers, Re-Refineries, Others)
- Segmentation of Global Automotive Oil Recycling Market By Technology (Acid/Caustic Treatment, Clay Treatment, Distillation, Hydroprocessing, Thin Film Evaporation, Vacuum Distillation, Others)
- Segmentation of Global Automotive Oil Recycling Market By End-use Industry (Automotive, Industrial, Marine, Others)
- Segmentation of Global Automotive Oil Recycling Market By Distribution Channel (Direct Sales, Indirect Sales)
- Statistical Snap of Global Automotive Oil Recycling Market
- Expansion Analysis of Global Automotive Oil Recycling Market
- Problems and Obstacles in Global Automotive Oil Recycling Market
- Competitive Landscape in the Global Automotive Oil Recycling Market
- Impact of COVID-19 and Demonetization on Global Automotive Oil Recycling Market
- Details on Current Investment in Global Automotive Oil Recycling Market
- Competitive Analysis of Global Automotive Oil Recycling Market
- Prominent Players in the Global Automotive Oil Recycling Market
- SWOT Analysis of Global Automotive Oil Recycling Market
- Global Automotive Oil Recycling Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Oil Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Oil Recycling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Oil Recycling Market
7. Global Automotive Oil Recycling Market, By Oil Type (USD Million)
7.1. Global Automotive Oil Recycling Market Value Share and Forecast, By Oil Type, 2023-20337.2. Brake Fluids7.3. Engine Oils7.4. Gear Oils7.5. Greases7.6. Hydraulic Fluids7.7. Transmission Fluids7.8. Others
8. Global Automotive Oil Recycling Market, By Collection Method Type (USD Million)
8.1. Global Automotive Oil Recycling Market Value Share and Forecast, By Collection Method Type, 2023-20338.2. Automotive Manufacturers8.3. DIY Collection Centers8.4. Garages & Service Stations8.5. Independent Collectors8.6. Municipal Collection Centers8.7. Re-Refineries8.8. Others
9. Global Automotive Oil Recycling Market, By Technology (USD Million)
9.1. Global Automotive Oil Recycling Market Value Share and Forecast, By Technology, 2023-20339.2. Acid/Caustic Treatment9.3. Clay Treatment9.4. Distillation9.5. Hydroprocessing9.6. Thin Film Evaporation9.7. Vacuum Distillation9.8. Others
10. Global Automotive Oil Recycling Market, By End-use Industry (USD Million)
10.1. Global Automotive Oil Recycling Market Value Share and Forecast, By End-use Industry, 2023-203310.2. Automotive10.3. Industrial10.4. Marine10.5. Others
11. Global Automotive Oil Recycling Market, By Distribution Channel (USD Million)
11.1. Global Automotive Oil Recycling Market Value Share and Forecast, By End-use Industry, 2023-203311.2. Direct Sales11.3. Indirect Sales
12. Global Automotive Oil Recycling Market Forecast, 2019-2033 (USD Million)
12.1. Global Automotive Oil Recycling Market Size and Market Share
13. Global Automotive Oil Recycling Market, By Oil Type, 2019-2033 (USD Million)
13.1. Global Automotive Oil Recycling Market Size and Market Share By Oil Type (2019-2026)13.2. Global Automotive Oil Recycling Market Size and Market Share By Oil Type (2027-2033)
14. Global Automotive Oil Recycling Market, By Collection Method Type, 2019-2033 (USD Million)
14.1. Global Automotive Oil Recycling Market Size and Market Share By Collection Method Type (2019-2026)14.2. Global Automotive Oil Recycling Market Size and Market Share By Collection Method Type (2027-2033)
15. Global Automotive Oil Recycling Market, By Technology, 2019-2033 (USD Million)
15.1. Global Automotive Oil Recycling Market Size and Market Share By Technology (2019-2026)15.2. Global Automotive Oil Recycling Market Size and Market Share By Technology (2027-2033)
16. Global Automotive Oil Recycling Market, By End-use Industry, 2019-2033 (USD Million)
16.1. Global Automotive Oil Recycling Market Size and Market Share By End-use Industry (2019-2026)16.2. Global Automotive Oil Recycling Market Size and Market Share By End-use Industry (2027-2033)
17. Global Automotive Oil Recycling Market, By Distribution Channel, 2019-2033 (USD Million)
17.1. Global Automotive Oil Recycling Market Size and Market Share By Distribution Channel (2019-2026)17.2. Global Automotive Oil Recycling Market Size and Market Share By Distribution Channel (2027-2033)
18. Global Automotive Oil Recycling Market, By Region, 2019-2033 (USD Million)
18.1. Global Automotive Oil Recycling Market Size and Market Share By Region (2019-2026)18.2. Global Automotive Oil Recycling Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada18.6.2. Mexico18.6.3. United States
18.7. Latin America
18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Clean Harbors
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Delta-Energy Group, LLC
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. GFL Environmental Inc.
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. HCC Eagle Environmental Services, Inc.
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Heritage-Crystal Clean, LLC
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments
19.6. MidStates Oil Refining Co. LLC
19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments
19.7. NexLube
19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments
19.8. PetroChoice
19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments
19.9. Recytech
19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments
19.10. Safety-Kleen Systems, Inc.
19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments
19.11. Sage Oil Vac, Inc.
19.11.1. Company details19.11.2. Financial outlook19.11.3. Product summary19.11.4. Recent developments
19.12. Solventis Ltd.
19.12.1. Company details19.12.2. Financial outlook19.12.3. Product summary19.12.4. Recent developments
19.13. Southern Oil Refining Pty Ltd
19.13.1. Company details19.13.2. Financial outlook19.13.3. Product summary19.13.4. Recent developments
19.14. Suncor Energy Inc.
19.14.1. Company details19.14.2. Financial outlook19.14.3. Product summary19.14.4. Recent developments
19.15. Texas Used Oil Collection Program
19.15.1. Company details19.15.2. Financial outlook19.15.3. Product summary19.15.4. Recent developments
19.16. Universal Lubricants
19.16.1. Company details19.16.2. Financial outlook19.16.3. Product summary19.16.4. Recent developments
19.17. Valvoline
19.17.1. Company details19.17.2. Financial outlook19.17.3. Product summary19.17.4. Recent developments
19.18. Vertex Energy, Inc.
19.18.1. Company details19.18.2. Financial outlook19.18.3. Product summary19.18.4. Recent developments
19.19. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Oil Recycling Market is projected to reach USD 83.12 billion by 2033, growing at a CAGR 5.9% during the forecast period.
Automotive Oil Recycling Market from 2022. The Market is expected to reach USD 83.12 billion by 2033, at a CAGR of 5.9% during the forecast period.
Automotive Oil Recycling Market CAGR of 5.9% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Automotive Oil Recycling Market size is USD 83.12 billion from 2023 to 2033.
Automotive Oil Recycling Market is Segment covered By Oil Type, By Collection Method Type, By Technology, By End-use Industry, By Distribution Channel..
The North America is anticipated to have the highest market share in the Automotive Oil Recycling Market.
The automotive oil recycling market is expanding steadily due to government rules governing the disposal of spent oil and growing apprehensions about the future of crude oil sources.
The key players in the market include Companies Covered Clean Harbors, Delta-Energy Group, LLC, GFL Environmental Inc., HCC Eagle Environmental Services, Inc., Heritage-Crystal Clean, LLC, MidStates Oil Refining Co. LLC, NexLube, PetroChoice, Recytech, Safety-Kleen Systems, Inc., Sage Oil Vac, Inc., Solventis Ltd., Southern Oil Refining Pty Ltd, Suncor Energy Inc., Texas Used Oil Collection Program, Universal Lubricants, Valvoline, Vertex Energy, Inc., Others.
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