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GLOBAL RE-REFINED BASE OIL MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Global Re-Refined Base Oil Market by Group (Group I, Group II, Group III) Market by Technology (Clay Treatment, Vacuum Distillation, Solvent Extraction, Hydrotreating Process, Other Technologies) Market by End Use (Automotive Oil, Industrial Oil, Process Oil, Metalworking Fluid, Grease, Other End Uses) by Geography


MARKET OVERVIEW

In terms of revenue, the global re-refined base oil market is expected to reach $xx million by 2032, growing at a CAGR of 6.05% during the forecast period 2024-2032.

Re-refined base oil is a sustainable and environmentally friendly lubricating oil that undergoes a recycling process to extend its lifespan. Collected from various sources, such as automotive engines and industrial machinery, used oil undergoes pre-treatment to remove impurities before entering the re-refining process. This involves distillation, hydrotreating, and filtration to purify the oil and separate the base oil from other components. 

Additives may be blended to enhance performance, and the final product undergoes rigorous quality control. Re-refining not only reduces the environmental impact associated with crude oil extraction but also conserves energy and minimizes waste. It provides a cost-effective and viable alternative to virgin base oil, contributing to a more sustainable and circular approach to lubricant production.

Re-Refined Base Oil Market

Read our latest blog on the Re-refined Base Oil Market

GROWTH ENABLERS

Key enablers of the global re-refined base oil market growth: 

  • Rising need for premium base oil quality
    • The re-refined base oil market is driven by a surge in demand for high-quality base oils, particularly Group II and Group III, propelled by the global focus on improved fuel economy, enhanced engine oil durability, and pollution reduction.
    • The declining demand for Group I base oil is notable due to its insufficient thermal and oxidative stability for modern engines, high sulfur content, and adverse environmental effects. 
    • Furthermore, the growing automotive regulations targeting CO2 emissions are compelling countries like the United States, Canada, China, India, and select Western European nations to shift from Group I to superior Group II and Group III base oils, further stimulating market growth.
  • Government rules are molding the industry

GROWTH RESTRAINTS

Key growth restraining factors of the global re-refined base oil market:

  • Gathering recycled base oil
    • The collection of used base oil poses a significant hurdle to market growth, with challenges varying across countries. Developed economies like the United States, Germany, and Canada experience fewer issues in collecting waste-based oil, benefiting from well-established infrastructure and government regulations.
    • In contrast, developing economies like India face challenges in waste-based oil collection due to a prevalence of unorganized generators, such as car repair shops and motor pools, along with government regulations hindering the process.

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KEY MARKET TRENDS

Global Re-Refined Base Oil Market | Top Trends

  • Advancements in re-refining technologies are leading to higher quality rerefined base oil (RBOs), making them suitable for a wider range of applications, including high-performance lubricants.
  • Growing awareness of the environmental benefits of RBO, such as reduced crude oil dependence, lower carbon footprint, and efficient waste management, is attracting more consumers and businesses towards it.

MARKET SEGMENTATION

Market Segmentation Analysis – Group, Application, and End Use – 

Market by Group:

  • Group I
  • Group II
  • Group III

Market by Technology:

  • Clay Treatment
  • Vacuum Distillation
  • Solvent Extraction
    • Solvent extraction is expected to be the fastest-growing technology over the forecast years, 2024-2032. Solvent extraction stands out as a key technology in the re-refined base oil market, providing an effective method for recovering high-quality base oil from used lubricating oils. 
    • This process utilizes solvents to selectively dissolve and separate contaminants, including dirt, metals, and additives, resulting in purified base oil. The multi-stage procedure involves extraction, separation, and solvent recovery, ensuring both efficiency and environmental sustainability. 
    • Solvent extraction’s versatility enables it to handle diverse feedstocks while delivering top-notch quality output. Its adoption underscores the industry’s commitment to sustainable practices by reducing waste and environmental impact associated with conventional disposal methods.
  • Hydrotreating Process
  • Other Technologies 

Market by End Use:

  • Automotive Oil
    • In 2023, the majority of the market share was captured by the automotive oil segment under the end use category. The automotive oil segment is a pivotal component of the re-refined base oil market, focusing on the end use application of re-refined base oil in automotive lubricants. 
    • This sector plays a crucial role in promoting sustainability within the automotive industry by incorporating re-refined base oil into lubricant formulations. Re-refined base oil, obtained through environmentally conscious processes, proves to be an ideal choice for manufacturing high-quality automotive oils. 
    • This aligns with the industry’s emphasis on green alternatives, reflecting a commitment to eco-friendly solutions and resource conservation. The use of re-refined base oil in automotive oils contributes to reducing environmental impact and supports the automotive sector’s journey towards more sustainable practices.
  • Industrial Oil
  • Process Oil
  • Metalworking Fluid
  • Grease
  • Other End Uses

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions: 

  • North America: The United States and Canada
    • North America is anticipated to be the largest regional market in 2023. 
    • The region boasts a well-established infrastructure for used oil collection and transportation, facilitated by established collection networks and a mature recycling industry. This efficient infrastructure ensures a steady supply of feedstock for re-refining facilities.
    • Moreover, North America is home to a large and thriving automotive industry, with leading car manufacturers and a significant consumer base. This translates to a high demand for lubricants, making the region a fertile ground for RBO consumption.
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific 
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

Major players in the global re-refined base oil market:

  • Avista Oil Deutschland GmbH
  • China National Petroleum Corp
  • Heritage-Crystal Clean
  • Safety-Kleen System
  • Southern Oil
  • Veolia
  • Vertex Energy

Key strategies adopted by some of these companies:

  • In February of 2023, Shell and Puraglobe initiated the production of recycled lubricants. A 12-year agreement was established between Shell and Puraglobe, a base oil recycling company, wherein Shell committed to sourcing recycled or re-refined base oils.
  • In May 2023, Jaguar TCS Racing and Castrol, long-term collaborators, undertook a joint initiative to investigate sustainable solutions and circular practices. At the Monaco E-Prix, the team achieved a milestone by utilizing re-refined Castrol ON EV Transmission Fluid in their cars. This marked them as the pioneering entrants in the ABB FIA Formula E World Championship to embrace a circular transmission fluid.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedGroup, Application, and End Use
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedAl Haya, Avista Oil Deutschland GmbH, BENZOIL, Cator, China National Petroleum Corp, China Petrochemical Corporation, Heritage-Crystal Clean, Lwart Environmental Solutions, Masafee, Motul SA, Puraglobe, Safety-Kleen System, Southern Oil, Veolia, Vertex Energy
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING NEED FOR PREMIUM BASE OIL QUALITY
      2. INDUSTRY MOLDED BY NATIONAL REGULATORY FRAMEWORKS
    2. KEY RESTRAINTS
      1. GATHERING RECYCLED BASE OIL
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY GROUP
    1. GROUP I
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. GROUP II
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. GROUP III
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TECHNOLOGY
    1. CLAY TREATMENT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. VACUUM DISTILLATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. SOLVENT EXTRACTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. HYDROTREATING PROCESS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER TECHNOLOGIES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY END USE
    1. AUTOMOTIVE OIL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. INDUSTRIAL OIL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. PROCESS OIL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. METALWORKING FLUID
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. GREASE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. OTHER END USES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA RE-REFINED BASE OIL MARKET DRIVERS 
      3. NORTH AMERICA RE-REFINED BASE OIL MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA RE-REFINED BASE OIL MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE RE-REFINED BASE OIL MARKET DRIVERS
      3. EUROPE RE-REFINED BASE OIL MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE RE-REFINED BASE OIL MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC RE-REFINED BASE OIL MARKET DRIVERS
      3. ASIA-PACIFIC RE-REFINED BASE OIL MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC RE-REFINED BASE OIL MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD RE-REFINED BASE OIL MARKET DRIVERS
      3. REST OF WORLD RE-REFINED BASE OIL MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD RE-REFINED BASE OIL MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA RE-REFINED BASE OIL MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AL HAYA
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      2. AVISTA OIL DEUTSCHLAND GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      3. BENZOIL
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      4. CATOR
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      5. CHINA NATIONAL PETROLEUM CORP
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      6. CHINA PETROCHEMICAL CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      7. HERITAGE-CRYSTAL CLEAN
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      8. LWART ENVIRONMENTAL SOLUTIONS
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      9. MASAFEE
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      10. MOTUL SA
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      11. PURAGLOBE
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      12. SAFETY-KLEEN SYSTEM
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      13. SOUTHERN OIL
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      14. VEOLIA
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES  
      15. VERTEX ENERGY
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – RE-REFINED BASE OIL

TABLE 2: GLOBAL RE-REFINED BASE OIL MARKET, BY GROUP, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL RE-REFINED BASE OIL MARKET, BY GROUP, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: GLOBAL GROUP I MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL GROUP I MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: GLOBAL GROUP II MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL GROUP II MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: GLOBAL GROUP III MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL GROUP III MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: GLOBAL RE-REFINED BASE OIL MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL RE-REFINED BASE OIL MARKET, BY TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: GLOBAL CLAY TREATMENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL CLAY TREATMENT MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: GLOBAL VACUUM DISTILLATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL VACUUM DISTILLATION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 16: GLOBAL SOLVENT EXTRACTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL SOLVENT EXTRACTION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 18: GLOBAL HYDROTREATING PROCESS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL HYDROTREATING PROCESS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 20: GLOBAL OTHER TECHNOLOGIES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL OTHER TECHNOLOGIES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 22: GLOBAL RE-REFINED BASE OIL MARKET, BY END USE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL RE-REFINED BASE OIL MARKET, BY END USE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 24: GLOBAL AUTOMOTIVE OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL AUTOMOTIVE OIL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 26: GLOBAL INDUSTRIAL OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: GLOBAL INDUSTRIAL OIL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 28: GLOBAL PROCESS OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29: GLOBAL PROCESS OIL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 30: GLOBAL METALWORKING FLUID MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: GLOBAL METALWORKING FLUID MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 32: GLOBAL GREASE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33: GLOBAL GREASE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION) 

TABLE 34: GLOBAL OTHER END USES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: GLOBAL OTHER END USES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 36: GLOBAL RE-REFINED BASE OIL MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37: GLOBAL RE-REFINED BASE OIL MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 38: NORTH AMERICA RE-REFINED BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39: NORTH AMERICA RE-REFINED BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 40: KEY PLAYERS OPERATING IN NORTH AMERICA RE-REFINED BASE OIL MARKET

TABLE 41: EUROPE RE-REFINED BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 42: EUROPE RE-REFINED BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 43: KEY PLAYERS OPERATING IN EUROPE RE-REFINED BASE OIL MARKET

TABLE 44: ASIA-PACIFIC RE-REFINED BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 45: ASIA-PACIFIC RE-REFINED BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 46: KEY PLAYERS OPERATING IN ASIA-PACIFIC RE-REFINED BASE OIL MARKET

TABLE 47: REST OF WORLD RE-REFINED BASE OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 48: REST OF WORLD RE-REFINED BASE OIL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 49: KEY PLAYERS OPERATING IN REST OF WORLD RE-REFINED BASE OIL MARKET

TABLE 50: LIST OF MERGERS & ACQUISITIONS

TABLE 51: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 52: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: GROWTH PROSPECT MAPPING FOR GERMANY

FIGURE 5: GROWTH PROSPECT MAPPING FOR JAPAN

FIGURE 6: GROWTH PROSPECT MAPPING FOR BRAZIL

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: GLOBAL RE-REFINED BASE OIL MARKET, GROWTH POTENTIAL, BY GROUP, IN 2023

FIGURE 10: GLOBAL RE-REFINED BASE OIL MARKET, BY GROUP I, 2024-2032 (IN $ MILLION)

FIGURE 11: GLOBAL RE-REFINED BASE OIL MARKET, BY GROUP II, 2024-2032 (IN $ MILLION)

FIGURE 12: GLOBAL RE-REFINED BASE OIL MARKET, BY GROUP III, 2024-2032 (IN $ MILLION)

FIGURE 13: GLOBAL RE-REFINED BASE OIL MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2023

FIGURE 14: GLOBAL RE-REFINED BASE OIL MARKET, BY CLAY TREATMENT, 2024-2032 (IN $ MILLION)

FIGURE 15: GLOBAL RE-REFINED BASE OIL MARKET, BY VACUUM DISTILLATION, 2024-2032 (IN $ MILLION)

FIGURE 16: GLOBAL RE-REFINED BASE OIL MARKET, BY SOLVENT EXTRACTION, 2024-2032 (IN $ MILLION)

FIGURE 17: GLOBAL RE-REFINED BASE OIL MARKET, BY HYDROTREATING PROCESS, 2024-2032 (IN $ MILLION) 

FIGURE 18: GLOBAL RE-REFINED BASE OIL MARKET, BY OTHER TECHNOLOGIES, 2024-2032 (IN $ MILLION)

FIGURE 19: GLOBAL RE-REFINED BASE OIL MARKET, GROWTH POTENTIAL, BY END USE, IN 2023

FIGURE 20: GLOBAL RE-REFINED BASE OIL MARKET, BY AUTOMOTIVE OIL, 2024-2032 (IN $ MILLION)

FIGURE 21: GLOBAL RE-REFINED BASE OIL MARKET, BY INDUSTRIAL OIL, 2024-2032 (IN $ MILLION)

FIGURE 22: GLOBAL RE-REFINED BASE OIL MARKET, BY PROCESS OIL, 2024-2032 (IN $ MILLION)

FIGURE 23: GLOBAL RE-REFINED BASE OIL MARKET, BY METALWORKING FLUID, 2024-2032 (IN $ MILLION)

FIGURE 24: GLOBAL RE-REFINED BASE OIL MARKET, BY GREASE, 2024-2032 (IN $ MILLION)

FIGURE 25: GLOBAL RE-REFINED BASE OIL MARKET, BY OTHER END USES, 2024-2032 (IN $ MILLION)

FIGURE 26: NORTH AMERICA RE-REFINED BASE OIL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %) 

FIGURE 27: UNITED STATES RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 28: CANADA RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 29: EUROPE RE-REFINED BASE OIL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 30: UNITED KINGDOM RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 31: GERMANY RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 32: FRANCE RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 33: ITALY RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 34: SPAIN RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 35: BELGIUM RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 36: POLAND RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 37: REST OF EUROPE RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 38: ASIA-PACIFIC RE-REFINED BASE OIL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN%)

FIGURE 39: CHINA RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 40: JAPAN RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 41: INDIA RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 42: SOUTH KOREA RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 43: INDONESIA RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 44: THAILAND RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 45: VIETNAM RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 46: AUSTRALIA & NEW ZEALAND RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 47: REST OF ASIA-PACIFIC RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 48: REST OF WORLD RE-REFINED BASE OIL MARKET, REGIONAL OUTLOOK, 2023 & 2032 (IN %)

FIGURE 49: LATIN AMERICA RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 50: MIDDLE EAST & AFRICA RE-REFINED BASE OIL MARKET, 2024-2032 (IN $ MILLION)

FAQ’s

FAQs

While re-refined base oil may have a slightly higher initial cost compared to virgin base oil, its environmental benefits and potential long-term cost savings through reduced waste disposal make it an economically viable choice for many industries.

The re-refined base oil market contributes to sustainability by promoting the circular economy, reducing waste, and lowering the overall environmental impact associated with traditional oil refining processes.