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Waste Oil Market By Type, By Application, By Technology: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 277 Pages
  • June 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671073
The global waste oil market was valued at $45.0 billion in 2021, and is projected to reach $70.6 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

Waste oil means oil that is contaminated with toxic substances and can no longer be used for its original purpose. Waste oil is beneficial only when recycled and reused in times of high crude oil prices all over the globe which propels the need to generate waste oil. A wide variety of waste oils such as transmission oils, hydraulic oils, lubricating oils, and fuel oils are generated through various industrial and manufacturing processes. These waste oils are used as lubricants and machine oil for automotive and industrial applications
For the purpose of analysis, the waste oil market scope is segmentation into type, application, technology, and region. The applications of waste oil covered in the study include waste oil boilers, bio-diesel and re-refiners. On the basis of type, it is fragmented into transmission oil, engine oil, and lubricants. In terms of technology, it is classified into Vacuum Distillation Process, Distillation Hydrogen Treatment, and Thin- Film Evaporation. Moreover, it analyzes the current market trends of waste oils across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

The key players that operate in the global waste oil market include, ENVA, GOINS Waste Oil Company, Gecco Fuels, Enfields Chemicals CC, Oil Salvage Ltd, MIB Waste Services, Alexandria Petroleum Company, Falzon Group, JJ.Richards & Sons Pvt Ltd, Safety-Kleen Systems, Silver Recycling, Alliance To End Plastic Waste, MIB Waste Services, and Neste

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the waste oil market analysis from 2021 to 2031 to identify the prevailing waste oil market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the waste oil market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global waste oil market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Transmission oil
  • Engine Oil
  • Lubricants

By Application

  • Waste Oil Boilers
  • Bio Diesel
  • Re Refiners

By Technology

  • Vaccum Distillation Process
  • Distillation Hydrogen Treatment
  • Thin- Film Evaporation

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA

Key Market Players

  • Alexandria Petroleum Co
  • Enfields Chemicals CC
  • Enva
  • Falzon Group
  • Gecco
  • Goins Waste Oil company inc
  • J.J. Richards & Sons Pty Ltd
  • Oil Salvage Ltd
  • Safety-Kleen Systems, Inc
  • Sliker Recycling

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Key Regulation Analysis
CHAPTER 4: WASTE OIL MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Transmission oil
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Engine Oil
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 Lubricants
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
CHAPTER 5: WASTE OIL MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Waste Oil Boilers
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 Bio Diesel
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 Re Refiners
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
CHAPTER 6: WASTE OIL MARKET, BY TECHNOLOGY
6.1 Overview
6.1.1 Market size and forecast
6.2 Vaccum Distillation Process
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Distillation Hydrogen Treatment
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Thin- Film Evaporation
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: WASTE OIL MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by Technology
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by Technology
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by Technology
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by Technology
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by Technology
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by Technology
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by Technology
7.3.5.3 U.K.
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by Technology
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by Technology
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by Technology
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by Technology
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by Technology
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by Technology
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by Technology
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by Technology
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by Technology
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by Technology
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by Technology
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by Technology
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by Technology
7.5.5.2 South Africa,
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by Technology
7.5.5.3 Saudi Arabia
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by Technology
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Type
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by Technology
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Alexandria Petroleum Co
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Enfields Chemicals CC
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Enva
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Falzon Group
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Gecco
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Goins Waste Oil company inc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 J.J. Richards & Sons Pty Ltd
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Oil Salvage Ltd
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Safety-Kleen Systems, Inc
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Sliker Recycling
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
List of Tables
Table 1. Global Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 2. Topical Oxygen Therapy Market Revenue, for Chronic Wounds, by Region , 2021-2031,($Thousand)
Table 3. Topical Oxygen Therapy Market for Chronic Wounds by Country, 2021-2031,($Thousand)
Table 4. Topical Oxygen Therapy Market Revenue, for Acute Wounds, by Region , 2021-2031,($Thousand)
Table 5. Topical Oxygen Therapy Market for Acute Wounds by Country, 2021-2031,($Thousand)
Table 6. Global Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 7. Topical Oxygen Therapy Market Revenue, for Hospitals, by Region , 2021-2031,($Thousand)
Table 8. Topical Oxygen Therapy Market for Hospitals by Country, 2021-2031,($Thousand)
Table 9. Topical Oxygen Therapy Market Revenue, for Clinics, by Region , 2021-2031,($Thousand)
Table 10. Topical Oxygen Therapy Market for Clinics by Country, 2021-2031,($Thousand)
Table 11. Topical Oxygen Therapy Market Revenue, for Home Care, by Region , 2021-2031,($Thousand)
Table 12. Topical Oxygen Therapy Market for Home Care by Country, 2021-2031,($Thousand)
Table 13. Topical Oxygen Therapy Market Revenue, for Post Acute Care Settings, by Region , 2021-2031,($Thousand)
Table 14. Topical Oxygen Therapy Market for Post Acute Care Settings by Country, 2021-2031,($Thousand)
Table 15. Topical Oxygen Therapy Market, by Region, 2021-2031,($Thousand)
Table 16. North America Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 17. North America Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 18. North America Topical Oxygen Therapy Market, by Country, 2021-2031,($Thousand)
Table 19. U.S. Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 20. U.S. Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 21. Canada Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 22. Canada Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 23. Mexico Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 24. Mexico Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 25. Europe Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 26. Europe Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 27. Europe Topical Oxygen Therapy Market, by Country, 2021-2031,($Thousand)
Table 28. Germany Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 29. Germany Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 30. France Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 31. France Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 32. U.K. Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 33. U.K. Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 34. Italy Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 35. Italy Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 36. Spain Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 37. Spain Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 38. Rest of Europe Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 39. Rest of Europe Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 40. Asia-Pacific Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 41. Asia-Pacific Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 42. Asia-Pacific Topical Oxygen Therapy Market, by Country, 2021-2031,($Thousand)
Table 43. Japan Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 44. Japan Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 45. China Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 46. China Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 47. India Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 48. India Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 49. Australia Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 50. Australia Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 51. South Korea Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 52. South Korea Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 53. Rest of Asia-Pacific Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 54. Rest of Asia-Pacific Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 55. LAMEA Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 56. LAMEA Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 57. LAMEA Topical Oxygen Therapy Market, by Country, 2021-2031,($Thousand)
Table 58. Brazil Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 59. Brazil Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 60. Saudi Arabia Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 61. Saudi Arabia Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 62. South Africa Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 63. South Africa Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 64. Rest of LAMEA Topical Oxygen Therapy Market, by Application, 2021-2031,($Thousand)
Table 65. Rest of LAMEA Topical Oxygen Therapy Market, by End-user, 2021-2031,($Thousand)
Table 66. Inotec Amd Ltd.: Company Snapshot
Table 67. Inotec Amd Ltd.: Operating Segments
Table 68. Inotec Amd Ltd.: Product Portfolio
Table 69. Inotec Amd Ltd.: Net Sales
Table 70. Inotec Amd Ltd.: Key Stratergies
Table 71. Gwr Inc.: Company Snapshot
Table 72. Gwr Inc.: Operating Segments
Table 73. Gwr Inc.: Product Portfolio
Table 74. Gwr Inc.: Net Sales
Table 75. Gwr Inc.: Key Stratergies
Table 76. Aoti, Inc.: Company Snapshot
Table 77. Aoti, Inc.: Operating Segments
Table 78. Aoti, Inc.: Product Portfolio
Table 79. Aoti, Inc.: Net Sales
Table 80. Aoti, Inc.: Key Stratergies
Table 81. Oxyband Technologies: Company Snapshot
Table 82. Oxyband Technologies: Operating Segments
Table 83. Oxyband Technologies: Product Portfolio
Table 84. Oxyband Technologies: Net Sales
Table 85. Oxyband Technologies: Key Stratergies
Table 86. Eo2 Concepts: Company Snapshot
Table 87. Eo2 Concepts: Operating Segments
Table 88. Eo2 Concepts: Product Portfolio
Table 89. Eo2 Concepts: Net Sales
Table 90. Eo2 Concepts: Key Stratergies
Table 91. Mölnlycke Health Care Ab: Company Snapshot
Table 92. Mölnlycke Health Care Ab: Operating Segments
Table 93. Mölnlycke Health Care Ab: Product Portfolio
Table 94. Mölnlycke Health Care Ab: Net Sales
Table 95. Mölnlycke Health Care Ab: Key Stratergies
Table 96. Ogenix: Company Snapshot
Table 97. Ogenix: Operating Segments
Table 98. Ogenix: Product Portfolio
Table 99. Ogenix: Net Sales
Table 100. Ogenix: Key Stratergies
Table 101. Rashendz Inc.: Company Snapshot
Table 102. Rashendz Inc.: Operating Segments
Table 103. Rashendz Inc.: Product Portfolio
Table 104. Rashendz Inc.: Net Sales
Table 105. Rashendz Inc.: Key Stratergies
List of Figures
Figure 1. Waste Oil Market Segmentation
Figure 2. Waste Oil Market,2021-2031
Figure 3. Waste Oil Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Waste Oil Market:Drivers, Restraints and Opportunities
Figure 12. Key Regulation Analysis
Figure 13. Waste Oil Market,By Type,2021(%)
Figure 14. Comparative Share Analysis of Transmission Oil Waste Oil Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Engine Oil Waste Oil Market,2021-2031(%)
Figure 16. Comparative Share Analysis of Lubricants Waste Oil Market,2021-2031(%)
Figure 17. Waste Oil Market,By Application,2021(%)
Figure 18. Comparative Share Analysis of Waste Oil Boilers Waste Oil Market,2021-2031(%)
Figure 19. Comparative Share Analysis of Bio Diesel Waste Oil Market,2021-2031(%)
Figure 20. Comparative Share Analysis of Re Refiners Waste Oil Market,2021-2031(%)
Figure 21. Waste Oil Market,By Technology,2021(%)
Figure 22. Comparative Share Analysis of Vaccum Distillation Process Waste Oil Market,2021-2031(%)
Figure 23. Comparative Share Analysis of Distillation Hydrogen Treatment Waste Oil Market,2021-2031(%)
Figure 24. Comparative Share Analysis of Thin- Film Evaporation Waste Oil Market,2021-2031(%)
Figure 25. Waste Oil Market by Region,2021
Figure 26. U.S. Waste Oil Market,2021-2031($Million)
Figure 27. Canada Waste Oil Market,2021-2031($Million)
Figure 28. Mexico Waste Oil Market,2021-2031($Million)
Figure 29. Germany Waste Oil Market,2021-2031($Million)
Figure 30. France Waste Oil Market,2021-2031($Million)
Figure 31. U.K. Waste Oil Market,2021-2031($Million)
Figure 32. Italy Waste Oil Market,2021-2031($Million)
Figure 33. Spain Waste Oil Market,2021-2031($Million)
Figure 34. Rest of Europe Waste Oil Market,2021-2031($Million)
Figure 35. China Waste Oil Market,2021-2031($Million)
Figure 36. Japan Waste Oil Market,2021-2031($Million)
Figure 37. India Waste Oil Market,2021-2031($Million)
Figure 38. South Korea Waste Oil Market,2021-2031($Million)
Figure 39. Australia Waste Oil Market,2021-2031($Million)
Figure 40. Rest of Asia-Pacific Waste Oil Market,2021-2031($Million)
Figure 41. Brazil Waste Oil Market,2021-2031($Million)
Figure 42. South Africa, Waste Oil Market,2021-2031($Million)
Figure 43. Saudi Arabia Waste Oil Market,2021-2031($Million)
Figure 44. Rest of LAMEA Waste Oil Market,2021-2031($Million)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Alexandria Petroleum Co.: Net Sales ,($Million)
Figure 52. Enfields Chemicals Cc.: Net Sales ,($Million)
Figure 53. Enva.: Net Sales ,($Million)
Figure 54. Falzon Group.: Net Sales ,($Million)
Figure 55. Gecco.: Net Sales ,($Million)
Figure 56. Goins Waste Oil Company Inc.: Net Sales ,($Million)
Figure 57. J.J. Richards & Sons Pty Ltd.: Net Sales ,($Million)
Figure 58. Oil Salvage Ltd.: Net Sales ,($Million)
Figure 59. Safety-Kleen Systems, Inc.: Net Sales ,($Million)
Figure 60. Sliker Recycling.: Net Sales ,($Million)

Executive Summary

The global Waste Oil market size was valued at $45.0 billion in 2021 and is projected to reach $70.6 billion by 2031, registering a CAGR of 4.7% from 2022 to 2031.

Waste oil simply means contaminated oil that is no longer suitable for its original purpose.Waste oil is contaminated and has exceeded its usable life span and it cannot meet its certain performance standards. Waste oils are often recycled or disposed of in an environmentally responsible manner. Waste oil is considered a valuable resource
The key factors such as industrialization, urbanization, surge in disposable income, growing supply chain logistics sector, and governments focus on increasing the roads connectivity where waste oil is used predominantly will drive demand for waste oil market in the future. In addition, the utilization of waste oil has been increased in various industry sectors such as automotive, energy and power, manufacturing plants, and others. With the growth of automotive sector and energy sector in developed and developing countries such as the US, China, Germany and India will fuel the market growth for waste oil
COVID-19 has resulted in slowdown in the demand for waste oil during last two years (2020 and 2021) owing to decline in demand in the automotive, industrial machinery, and construction market. Lockdown imposed by governments all over the world resulted slowdown in consumption of industrial products, suspension in manufacturing activities, disruption in supply chain and reduced man power. However, market has improved with the gradual lifting of lockdown since mid of 2021, with opening of market there is increase in demand for industrial products and vehicles will drive the growth of the market.

The Waste Oil market is segmented into type, application, technology, and region. By type, it is fragmented into transmission oil, engine oil, and lubricants. In terms of application, it is bifurcated into waste oil boilers and re-refiners. By technology, it is segmented into vacuum distillation process, distillation hydrogen treatment, and thin- film evaporation. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the global waste oil market include, ENVA, GOINS waste oil Company, Gecco Fuels, Enfields Chemicals CC, Oil Salvage Ltd, MIB Waste Services, Alexandria Petroleum Company, Falzon Group, JJ.Richards & Sons Pvt Ltd, Safety-Kleen Systems, Silver Recycling, Alliance To End Plastic Waste, MIB Waste Services and Neste

Key Findings of the Study

  • On the basis of type, lubricant is the dominating segment with 56% in waste oil market share in 2021 and is anticipated to exhibit the highest CAGR of 5.4% from 2022 to 2031.
  • On the basis of application, Re-refiners is anticipated to exhibit the highest CAGR of 4.9% from 2022 to 2031.
  • In terms of technology, Vacuum Distillation Process is anticipated to exhibit the highest CAGR of 4.9% during waste oil market forecast period from 2022 to 2031.
  • Asia-Pacific garnered the highest share of 40.4% in 2021, in terms of revenue, and is expected to grow at a CAGR of 5.6%.

IMPACT OF COVID-19 ON THE WASTE OIL MARKET

  • COVID-19 pandemic resulted in complete shutdown of manufacturing facilities, which do not come under essential goods, due to continued lockdown in almost all over the world. It negatively influenced the global economy in all commercial and industrial sectors. China, US, India, UK are the major countries which are the major driver of waste oils resulted in slower demand for waste oils in 2020 and 2021.
  • Furthermore, halt in construction of new electric utility infrastructures, automotive, and other industrial plants, due to lack of workers and increase in demand-supply gaps, hampered the waste oil market growth in the pandemic period. Thus, all these factors collectively resulted in sluggish growth of the global waste oil industry. However, all activities have resumed normally and COVID cases have started gradually declining in 2021 due to the vaccination drive, which led to increased operations of various industries across the globe. Moreover, the global supply chain has significantly recovered.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the waste oil market analysis from 2021 to 2031 to identify the prevailing waste oil market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the waste oil market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global waste oil market trends, key players, market segments, application areas, and market growth strategies.

Companies Mentioned

  • Alexandria Petroleum Co
  • Enfields Chemicals Cc
  • Enva
  • Falzon Group
  • Gecco
  • Goins Waste Oil Company Inc
  • J.J. Richards & Sons Pty Ltd
  • Oil Salvage Ltd
  • Safety-Kleen Systems, Inc
  • Sliker Recycling

Methodology

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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