バイオ潤滑油の世界市場：2024年～2031年

概要

バイオ潤滑油の世界市場は、2023年に24億米ドルに達し、2024年から2031年の予測期間中にCAGR 5.2％で成長し、2031年には36億米ドルに達すると予測されています。

安定した粘度、高い引火点、生分解性、排出ガスレベルの低減など、卓越した製品特性を持つ潤滑油への需要の高まりは、厳しい排出ガス基準や規制の枠組みにより、いくつかの産業分野での積極的な拡大に拍車をかけています。主要利害関係者による研究開発努力の強化は、技術的進歩とともに、潤滑油用途に新たな機会を生み出すと予想されます。

さらに、この業界は、高性能で経済的に競争力のあるグリーン・ベースオイルの入手可能性が高まっていることによって支えられており、そのような商品の必要性を促進する政府の法律の影響を受けています。さらに、潤滑油の必要性を促進する主な触媒は、環境に対する関心の高まりと、特に欧州と北米における合成潤滑油の使用に関する政府の厳しい法律です。

米国とカナダでは自動車セクターの再生が進んでおり、米国政府は多様な製品に最低限の再生可能物質含有量を義務付ける規制を強化していることから、バイオ潤滑油の使用が促進されると予想されます。米国空軍は、植物由来の生分解性製品を国家安全保障のための戦略的かつ不可欠な手段として推進しており、これが市場のさらなる推進力となっています。北米ではバイオディーゼル生産が盛んなため、大豆や菜種の余剰原料から利益を得ることが期待されます。

ダイナミクス

動植物油脂の新たな可能性

鉱物油に含まれる長鎖炭化水素と構造が似ていることから、植物油は従来の鉱物油の代替品として大きな可能性を示しています。その結果、これらのオイルは、再生可能性、無毒性、経済性、環境効率などの有益な特質により、バイオ潤滑油の製造にますます使用されるようになっています。よく利用される作物には、大豆、菜種、キャノーラなどがあります。

動物性油脂に焦点を当てた研究開発活動の強化により、バイオ潤滑剤製剤分野の拡大が期待されます。これらの油脂は、ヘルスケアなど、現在主に石油化学潤滑油に依存している産業において、大きな経済的可能性を秘めています。

環境的利点による高い需要

バイオベースの潤滑製品は、有害物質の排出によって環境汚染を引き起こす従来の潤滑油よりも、環境に優しい選択肢を提供します。その特徴的な「環境への優しさ」により、この分野は環境保護団体から大きな支持を得ています。

環境に対する消費者の意識の高まりや、先進地域における原油埋蔵量の減少に加え、バイオ潤滑油は持続可能で生分解性原料に由来するという考えが広く受け入れられていることから、市場関係者は需要の大幅な増加を見込んでいます。したがって、環境に優しい潤滑油に対する顧客の需要の高まりは、市場の拡大を促進すると予想されます。

高コストと低い潤滑特性

有機植物油をベースとする潤滑油は、そのほとんどが生分解性であるため、従来の潤滑油の代替となる可能性を秘めています。とはいえ、基油としての直接適用は、不十分な酸化特性、熱安定性、加水分解安定性、劣る低温能力、効果的に制御できる粘度の範囲が限られていることなどによって制限されています。

適切な化学的改良を施し、酸化防止剤を配合し、鉱油と組み合わせることで、これらの欠点を解決することができます。しかし、これらの欠点は、費用の増加、汚染、生分解性の低下につながります。したがって、生分解性と卓越した潤滑特性を併せ持つ、経済的に実行可能なバイオ潤滑油を開発することは、非常に困難な課題です。

これらのバイオ潤滑油に関連する費用は、大きな障害となっています。従来の潤滑油と比較すると、バイオ潤滑油は通常30～40%高価です。バイオベース製品の大半は、中程度から高性能の鉱物油製品に匹敵する価格となっています。とはいえ、生分解性、潤滑性、粘度、防火性が最も重要な用途では、これらの製品のコスト増を正当化することは極めて合理的です。

目次

第1章 調査手法と調査範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

• 影響要因
  • 促進要因
    • 動植物油脂の新たな可能性
    • 環境的利点による高い需要
  • 抑制要因
    • 高コストと低い潤滑特性
  • 機会
  • 影響分析

第5章 産業分析

• ポーターのファイブフォース分析
• サプライチェーン分析
• 価格分析
• 規制分析
• ロシア・ウクライナ戦争影響分析
• DMIの見解

第6章 COVID-19分析

第7章 製品別

• エンジンオイル
• トランスミッション・油圧作動油
• 金属加工油
• 一般工業油
• ギアオイル
• グリース
• プロセスオイル
• その他

第8章 エンドユーザー別

• 発電
• 自動車・その他輸送機器
• 重機
• 飲食品
• 冶金・金属加工
• 化学製造
• その他

第9章 地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • イタリア
  • スペイン
  • その他欧州
• 南米
  • ブラジル
  • アルゼンチン
  • その他南米
• アジア太平洋
  • 中国
  • インド
  • 日本
  • オーストラリア
  • その他アジア太平洋地域
• 中東・アフリカ

第10章 競合情勢

• 競合シナリオ
• 市況/シェア分析
• M&A分析

第11章 企業プロファイル

• Axel Christiernsson
  • 会社概要
  • 製品ポートフォリオと説明
  • 財務概要
  • 主な発展
• Carl Bechem Lubricants India Private Limited
• BP p.l.c.
• Cargill
• Chevron Corporation
• Cortec Corporation
• Environmental Lubricants Manufacturing, Inc.
• Exxon Mobil Corporation
• FUCHS
• KCM Petro Chemicals
• Novvi, LLC.
• PANOLIN AG
• Shell plc
• TotalEnergies

第12章 付録

Overview

Global Biolubricants Market reached US$ 2.4 billion in 2023 and is expected to reach US$ 3.6 billion by 2031, growing with a CAGR of 5.2% during the forecast period 2024-2031.

Increasing demand for lubricants with exceptional product properties such as consistent viscosity, elevated flash points, biodegradability and reduced emission levels is fueling positive expansion in several industrial sectors due to strict emission standards and regulatory frameworks. Enhanced research and development efforts by major stakeholders, together with technical advancements, are anticipated to create new opportunities for lubricant applications.

Moreover, the industry is sustained by the growing availability of high-performance, economically competitive green base oils, influenced by government laws that promote the need for such goods. Furthermore, the primary catalysts driving the need for lubricants are increasing environmental concerns and strict government laws, particularly in Europe and North America, regarding the use of synthetic lubricants.

The regenerated automotive sector in US and Canada, together with heightened regulation measures from US government mandating a minimum renewable content for diverse products, is anticipated to propel the use of bio-based lubricants. US Air Force is promoting plant-based biodegradable products as a strategic and essential measure for national security, serving as an additional impetus for the market. North America is expected to gain from a surplus of soybean and rapeseed feedstock due to elevated biodiesel production in the area.

Dynamics

Emerging Potential of Plant and Animal-Based Oils

Given their structural resemblance to the long-chained hydrocarbons present in mineral oils, plant-based oils have shown significant promise as a replacement for traditional mineral oils. Consequently, these oils are being used more and more in the creation of biolubricants due to their beneficial qualities such as renewability, non-toxicity, economic viability and environmental efficiency. Some often utilized crops include soybean, rapeseed and canola.

The expansion of the biolubricant formulation sector is expected to be enhanced by intensifying research and development activities focused on animal oils and fats. These oils and fats have significant economic potential in industries that now predominantly rely on petrochemical lubricants, such as healthcare.

High Demand due to Environmental Benefits

Bio-based lubrication products provide a more environmentally friendly option to conventional lubricating oils, which contribute to environmental pollution by giving rise to hazardous emissions. Due to its distinctive 'environmental benignity,' the sector is gaining significant support from environmental groups.

Owing to the increasing consumer consciousness about the environment and the diminishing crude oil reserves in developed regions, together with the widely accepted belief that bio-lubricants are sustainable and derived from biodegradable feedstocks, market operators anticipate a substantial rise in demand. Hence, the rising customer demand for environmentally friendly lubricants is expected to facilitate the expansion of the market.

High Cost and Low Lubricating Properties

Organic vegetable oil-based lubricants are mostly biodegradable and hence have the potential to serve as a viable substitute for traditional lubricants. Nevertheless, their direct application as base oil is limited by their inadequate oxidative characteristics, thermal and hydrolytic stability, subpar low-temperature capabilities and a restricted range of viscosities that can be effectively controlled.

By making appropriate chemical modifications, incorporating antioxidants into formulations and combining with mineral oils, these disadvantages can be resolved. However, they lead to rising expenses, pollution and a decrease in biodegradability. Hence, the task of developing an economically viable bio-based lubricant that possesses both biodegradability and exceptional lubricating characteristics is quite demanding.

The expense associated with these bio-lubricants poses a substantial obstacle. Compared to a traditional lubricant, a bio-based lubricant commands a price that is typically 30-40% more expensive. The majority of bio-based products are priced to rival mineral oil products that are of moderate to high performance. Nevertheless, in certain applications where biodegradability, lubricity, viscosity and fire protection are of utmost importance, it is quite reasonable to justify the increased cost of these products.

Segment Analysis

The global biolubricants market is segmented based on product, end-user and region.

Based on Application, Automotive and Transportation dominated the market

A significant share of the bio-lubricants market is attributed to the automotive and transportation industry. The transportation sector prioritizes the improvement of lubricant characteristics, including performance, durability, energy optimization and environmental sustainability. Bio-greases are efficacious in a wide range of applications, encompassing construction vehicles, forestry machinery, rail flanges, rail curves and nautical machinery.

Bio-based metal cutting fluids and coolants are widely used in several sectors for grinding, gear cutting and general machining services. These applications are expected to stimulate market expansion. By their low toxicity, high viscosity index, powerful lubricating qualities, extended machine service life, high combustion temperature and other attributes, bio-based lubricants are anticipated to eventually replace traditional lubricants in the automotive sector.

Geographical Penetration

North America is Estimated to Account for the Largest Share

Projected factors contributing to the growth of bio-based lubricant use include a stimulated automotive sector in US and Canada, as well as growing regulatory oversight by US government that mandates a minimum renewable content for certain goods. Plant-derived biodegradable goods are being promoted by US Air Force as a strategic and basic measure to enhance national security, so contributing to the growth of the market.

In addition, North America is expected to gain advantages from a surplus of soybean and rapeseed feedstock due to the significant biodiesel manufacturing in the region. Besides being a guiding force for the market, US Air Force also promotes plant-derived biodegradable products as part of its strategic and fundamental approach to national defense. The increasing allocation of government funds towards bio-lubricants utilized in the marine and automotive sectors is expected to generate highly profitable prospects for the market.

Competitive Landscape

The major global players in the market include Axel Christiernsson, Carl Bechem Lubricants India Private Limited, BP p.l.c., Cargill, Chevron Corporation, Cortec Corporation, Environmental Lubricants Manufacturing, Inc., Exxon Mobil Corporation, FUCHS, KCM Petro Chemicals, Novvi, LLC., PANOLIN AG, Shell plc and TotalEnergies.

Russia-Ukraine War Impact Analysis

The ongoing conflict between Russia and Ukraine has substantially affected worldwide supply chains, notably impacting the accessibility and pricing of essential raw materials such as crude oil, which serve as crucial components for traditional lubricants. The advent of this disruption has expedited the transition towards biolubricants as industries actively pursue more environmentally friendly and locally produced alternatives.

The growing popularity of plant-based oils, extracted from soybean and rapeseed, can be attributed to their renewable nature and less reliance on unpredictable petroleum prices. Furthermore, the geopolitical conflicts have intensified the attention on energy security and environmental sustainability, therefore stimulating investment in the biolubricant industry.

With the aim of diversifying their supply chains and decreasing dependence on petrochemicals, the war has stimulated greater research and development in biolubricant formulations, particularly those produced from animal fats. This has broadened the possible uses of biolubricants in key sectors like healthcare and transportation.

Product

• Engine Oil
• Transmission and Hydraulic Fluid
• Metalworking Fluid
• General Industrial Oil
• Gear Oil
• Grease
• Process Oil
• Other

End-User

• Power Generation
• Automotive and Other Transportation
• Heavy Equipment
• Food & Beverage
• Metallurgy & Metalworking
• Chemical Manufacturing
• Other

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In April 2023, Exxon Mobil announced its intention to invest up to US$ 110 million in the development of a lubricants manufacturing plant in India. The planned facility is expected to begin full operations by the end of 2025. The facility's objective is to achieve a manufacturing capacity of 159 million litres of finished lubricants annually.
• In November 2022, Shell plc's wholly-owned companies in Switzerland, UK, US and Sweden made bilateral agreements to purchase the environmentally friendly lubricants (ECLs) division of the Panolin Group. The present deal introduces a range of biodegradable lubricants.
• In February 2022, BP purchased a 30% ownership interest in Green Biofuels Ltd and will work together to assist in reducing carbon emissions in industry sectors such as construction, freight, off-road and marine. The direct substitution of diesel with renewable hydrogenated vegetable oil (HVO) fuels derived from green biofuels is feasible.

Why Purchase the Report?

• To visualize the global biolubricants market segmentation based on Product, End-User and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the biolubricants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global biolubricants market report would provide approximately 63 tables, 54 figures and 204 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Product
• 3.2. Snippet by End-User
• 3.3. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Emerging Potential of Plant and Animal-Based Oils
    • 4.1.1.2. High Demand due to Environmental Benefits
  • 4.1.2. Restraints
    • 4.1.2.1. High Cost and Low Lubricating Properties
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia-Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID-19
  • 6.1.2. Scenario During COVID-19
  • 6.1.3. Scenario Post COVID-19
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Product

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 7.1.2. Market Attractiveness Index, By Product
• 7.2. Engine Oil*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Transmission and Hydraulic Fluid
• 7.4. Metalworking Fluid
• 7.5. General Industrial Oil
• 7.6. Gear Oil
• 7.7. Grease
• 7.8. Process Oil
• 7.9. Other

8. By End-User

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 8.1.2. Market Attractiveness Index, By End-User
• 8.2. Power Generation*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Automotive and Other Transportation
• 8.4. Heavy Equipment
• 8.5. Food & Beverage
• 8.6. Metallurgy & Metalworking
• 8.7. Chemical Manufacturing
• 8.8. Other

9. By Region

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 9.1.2. Market Attractiveness Index, By Region
• 9.2. North America
  • 9.2.1. Introduction
  • 9.2.2. Key Region-Specific Dynamics
  • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.2.5.1. US
    • 9.2.5.2. Canada
    • 9.2.5.3. Mexico
• 9.3. Europe
  • 9.3.1. Introduction
  • 9.3.2. Key Region-Specific Dynamics
  • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.3.5.1. Germany
    • 9.3.5.2. UK
    • 9.3.5.3. France
    • 9.3.5.4. Italy
    • 9.3.5.5. Spain
    • 9.3.5.6. Rest of Europe
• 9.4. South America
  • 9.4.1. Introduction
  • 9.4.2. Key Region-Specific Dynamics
  • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.5.1. Brazil
    • 9.4.5.2. Argentina
    • 9.4.5.3. Rest of South America
• 9.5. Asia-Pacific
  • 9.5.1. Introduction
  • 9.5.2. Key Region-Specific Dynamics
  • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.5.1. China
    • 9.5.5.2. India
    • 9.5.5.3. Japan
    • 9.5.5.4. Australia
    • 9.5.5.5. Rest of Asia-Pacific
• 9.6. Middle East and Africa
  • 9.6.1. Introduction
  • 9.6.2. Key Region-Specific Dynamics
  • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

• 10.1. Competitive Scenario
• 10.2. Market Positioning/Share Analysis
• 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

• 11.1. Axel Christiernsson*
  • 11.1.1. Company Overview
  • 11.1.2. Product Portfolio and Description
  • 11.1.3. Financial Overview
  • 11.1.4. Key Developments
• 11.2. Carl Bechem Lubricants India Private Limited
• 11.3. BP p.l.c.
• 11.4. Cargill
• 11.5. Chevron Corporation
• 11.6. Cortec Corporation
• 11.7. Environmental Lubricants Manufacturing, Inc.
• 11.8. Exxon Mobil Corporation
• 11.9. FUCHS
• 11.10. KCM Petro Chemicals
• 11.11. Novvi, LLC.
• 11.12. PANOLIN AG
• 11.13. Shell plc
• 11.14. TotalEnergies

LIST NOT EXHAUSTIVE

12. Appendix

• 12.1. About Us and Services
• 12.2. Contact Us