Market Overview:
The global environmentally acceptable lubricants market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for environmentally friendly products and stringent regulations on the use of conventional lubricants. Based on type, the global environmentally acceptable lubricants market is segmented into mineral oils, fixed oils, and synthetic oils. Mineral oil-based products are projected to lead the market in terms of volume during the forecast period owing to their low cost and easy availability. However, synthetic oil-based products are expected to grow at a higher CAGR due their superior properties such as high thermal stability and low volatility. In terms of application, deep-sea applications accounted for majority share in 2017; however, inland/coastal applications are projected to witness highest growth during the forecast period owing to rising demand from end-use industries such as automotive & transportation and manufacturing sectors.
Product Definition:
Environmentally Acceptable Lubricants are lubricants that do not pose a threat to the environment. They are made from renewable resources or recycled materials, and they biodegrade quickly.
Mineral Oils:
Mineral oils are a group of petroleum-based products that are extracted from the earth through drilling and exploration processes. These oils have high viscosity, low volatility, and contain an even distribution of components. Mineral oil is produced in several ways; one such process involves using solvents to extract the product from the ground along with other impurities present in crude oil.
Fixed Oils:
Fixed oils are those that do not volatilize, evaporate or dissolve in the presence of water. They are extracted from plant and animal matter and have a characteristic taste, color and odor. Fixed oils include essential oil as well as non-essential oil products such as refined mineral oil, seed cake etc., produced by the processing of oleochemicals.
Application Insights:
The other application segment includes air pollution control, aerospace, industrial machinery and equipment, marine engines and turbines, off-highway diesel engine applications including heavy-duty trucks and buses. The demand for the product is expected to increase owing to its ability to reduce emissions in the aforementioned applications.
Deep-sea was the largest application segment of the global EALM market in 2017 accounting for over 40% of total market volume. Rising awareness regarding sustainable fishing practices coupled with increasing pressure on deepwater resources from both domestic & foreign oil companies is anticipated drive growth over next few years. Efforts by major industry players such as BP Plc., Royal Dutch Shell plc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for more than 50% of the overall demand owing to high consumption of mineral oils in various applications including industrial, automotive, and marine. China is one of the largest markets for mineral oils globally as it has been using this product extensively across a broad range of industries due to its superior properties such as low toxicity, ease in processing, stability at high temperatures etc.
The increasing use of synthetic lubricants across various applications due to their enhanced performance characteristics such as extreme temperature resistance & viscosity index matching ability are also contributing toward growth significantly.
Growth Factors:
- Increasing demand from the automotive and transportation industry for environment-friendly lubricants
- Stringent environmental regulations by governments across the globe for reducing emissions and promoting use of environmentally friendly products
- Rising awareness among consumers about the benefits of using environment-friendly lubricants
- Growing number of Original Equipment Manufacturers (OEMs) that are offering environment-friendly lubricants as factory fill fluids
- Proliferation of eco-conscious initiatives by various organizations to promote use of environmentally acceptable lubricants
Scope Of The Report
Report Attributes
Report Details
Report Title
Environmentally Acceptable Lubricants Market Research Report
By Type
Mineral Oils, Fixed Oils, Synthetic Oils
By Application
Deep-sea, In-land/Coastal, Other
By Companies
Shell, Total, ExxonMobil, ROCO (ITW), SKF, Chevron, Sinopec, Lukoil, Gulf Oil, Idem Itsu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Environmentally Acceptable Lubricants Market Report Segments:
The global Environmentally Acceptable Lubricants market is segmented on the basis of:
Types
Mineral Oils, Fixed Oils, Synthetic Oils
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Deep-sea, In-land/Coastal, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell
- Total
- ExxonMobil
- ROCO (ITW)
- SKF
- Chevron
- Sinopec
- Lukoil
- Gulf Oil
- Idem Itsu
Highlights of The Environmentally Acceptable Lubricants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mineral Oils
- Fixed Oils
- Synthetic Oils
- By Application:
- Deep-sea
- In-land/Coastal
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Environmentally Acceptable Lubricants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
There is no one answer to this question as environmental acceptability depends on a variety of factors, including the specific lubricant in question and the environment in which it will be used. Generally speaking, environmentally acceptable lubricants are those that do not damage the environment or human health and are safe for use around water sources. Some common types of environmentally acceptable lubricants include mineral oil, vegetable oil, synthetic oils, glycerin-based products, and silicone-based products.
Some of the major players in the environmentally acceptable lubricants market are Shell, Total, ExxonMobil, ROCO (ITW), SKF, Chevron, Sinopec, Lukoil, Gulf Oil, Idem Itsu.
The environmentally acceptable lubricants market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Environmentally Acceptable Lubricants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Environmentally Acceptable Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Environmentally Acceptable Lubricants Market - Supply Chain
4.5. Global Environmentally Acceptable Lubricants Market Forecast
4.5.1. Environmentally Acceptable Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Environmentally Acceptable Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Environmentally Acceptable Lubricants Market Absolute $ Opportunity
5. Global Environmentally Acceptable Lubricants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Environmentally Acceptable Lubricants Market Size and Volume Forecast by Type
5.3.1. Mineral Oils
5.3.2. Fixed Oils
5.3.3. Synthetic Oils
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Environmentally Acceptable Lubricants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Environmentally Acceptable Lubricants Market Size and Volume Forecast by Application
6.3.1. Deep-sea
6.3.2. In-land/Coastal
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Environmentally Acceptable Lubricants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Environmentally Acceptable Lubricants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Environmentally Acceptable Lubricants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Environmentally Acceptable Lubricants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Environmentally Acceptable Lubricants Demand Share Forecast, 2019-2026
9. North America Environmentally Acceptable Lubricants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Environmentally Acceptable Lubricants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Environmentally Acceptable Lubricants Market Size and Volume Forecast by Application
9.4.1. Deep-sea
9.4.2. In-land/Coastal
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Environmentally Acceptable Lubricants Market Size and Volume Forecast by Type
9.7.1. Mineral Oils
9.7.2. Fixed Oils
9.7.3. Synthetic Oils
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Environmentally Acceptable Lubricants Demand Share Forecast, 2019-2026
10. Latin America Environmentally Acceptable Lubricants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Environmentally Acceptable Lubricants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Environmentally Acceptable Lubricants Market Size and Volume Forecast by Application
10.4.1. Deep-sea
10.4.2. In-land/Coastal
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Environmentally Acceptable Lubricants Market Size and Volume Forecast by Type
10.7.1. Mineral Oils
10.7.2. Fixed Oils
10.7.3. Synthetic Oils
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Environmentally Acceptable Lubricants Demand Share Forecast, 2019-2026
11. Europe Environmentally Acceptable Lubricants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Environmentally Acceptable Lubricants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Environmentally Acceptable Lubricants Market Size and Volume Forecast by Application
11.4.1. Deep-sea
11.4.2. In-land/Coastal
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Environmentally Acceptable Lubricants Market Size and Volume Forecast by Type
11.7.1. Mineral Oils
11.7.2. Fixed Oils
11.7.3. Synthetic Oils
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Environmentally Acceptable Lubricants Demand Share, 2019-2026
12. Asia Pacific Environmentally Acceptable Lubricants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Environmentally Acceptable Lubricants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Environmentally Acceptable Lubricants Market Size and Volume Forecast by Application
12.4.1. Deep-sea
12.4.2. In-land/Coastal
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Environmentally Acceptable Lubricants Market Size and Volume Forecast by Type
12.7.1. Mineral Oils
12.7.2. Fixed Oils
12.7.3. Synthetic Oils
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Environmentally Acceptable Lubricants Demand Share, 2019-2026
13. Middle East & Africa Environmentally Acceptable Lubricants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Environmentally Acceptable Lubricants Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Environmentally Acceptable Lubricants Market Size and Volume Forecast by Application
13.4.1. Deep-sea
13.4.2. In-land/Coastal
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Environmentally Acceptable Lubricants Market Size and Volume Forecast by Type
13.7.1. Mineral Oils
13.7.2. Fixed Oils
13.7.3. Synthetic Oils
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Environmentally Acceptable Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Environmentally Acceptable Lubricants Market: Market Share Analysis
14.2. Environmentally Acceptable Lubricants Distributors and Customers
14.3. Environmentally Acceptable Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Total
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ExxonMobil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ROCO (ITW)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SKF
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chevron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lukoil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gulf Oil
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Idem Itsu
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
