Waste Oil Recycling Market 2025 Projections, Deposits, Application Analysis, Trends and Forecast by 2031 | Safety-Kleen, World Oil, Orrco Recycles

LOS ANGELES, United States: The report offers a complete research study of the global Waste Oil Recycling market that includes accurate forecasts and analysis at global, regional, and country levels. It provides a comprehensive view of the global Waste Oil Recycling market and detailed value chain analysis to help players to closely understand important changes in business activities observed across the industry. It also offers a deep segmental analysis of the global Waste Oil Recycling market where key product and application segments are shed light upon. Readers are provided with actual market figures related to the size of the global Waste Oil Recycling market in terms of value and volume for the forecast period 2025-2031.

The global market for Waste Oil Recycling was estimated to be worth US$ 4079 million in 2024 and is forecast to a readjusted size of US$ 6035 million by 2031 with a CAGR of 5.8% during the forecast period 2025-2031.

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Global key players of waste oil recycling include Safety-Kleen, World Oil, Orrco Recycles etc. The top 3 companies hold a share about 13%.

North America is the largest market, with a share about 38%, followed by Europe and Asia Pacific with the share about 34% and 20%.

In terms of product, lubricating oil is the largest segment, with a share over 33%. And in terms of application, the largest application is re-refiners, followed by industrial fuel and biodiesel.

The global waste oil recycling market is experiencing robust growth, driven by increasing environmental regulations and the growing focus on sustainability. Waste oil, which includes used lubricants, engine oils, and hydraulic fluids, poses a significant environmental threat if not properly managed. As a result, governments worldwide are implementing stringent regulations to promote the proper disposal and recycling of waste oil. Recycling waste oil not only reduces pollution but also conserves natural resources by reprocessing used oil into reusable forms, such as fuel oils or lubricants. The demand for waste oil recycling is particularly high in industries like automotive, transportation, and manufacturing, where large quantities of oil are consumed, and re-refined oil can be used in various industrial processes. North America and Europe, with well-established regulatory frameworks and advanced recycling technologies, are leading the market.

In emerging markets across Asia-Pacific, Latin America, and Africa, the waste oil recycling market is expanding as awareness of environmental sustainability grows and infrastructure for recycling improves. The rising demand for energy and the increasing cost of crude oil have further spurred interest in re-refining waste oil into valuable byproducts. Technological advancements in recycling processes, such as vacuum distillation and hydrogenation, are enhancing the efficiency and quality of recycled oils, making them more competitive with virgin oils. Additionally, the growing use of waste oil-derived fuels in power generation and industrial applications is contributing to market growth. As the global focus on circular economies and resource efficiency intensifies, the waste oil recycling market is poised for continued expansion in the coming years.

The research study offers company profiling of leading players operating in the global Waste Oil Recycling market. Players profiled in the report are studied on the basis of recent developments, business strategies, financial progress, and main business. Players can use key takeaways from the research study to prepare result-orientated business tactics for securing a strong position in the global Waste Oil Recycling market. The regional analysis provided in the report helps players to explore lucrative growth opportunities available across the world. Our analysts have used latest primary and secondary research methodologies to prepare this highly detailed and accurate report.

Details of Waste Oil Recycling Market Segmentation: -

By Company

Safety-Kleen
Lorco
World Oil
Orrco Recycles
FP Petro Products
CSG
MTB
Oil Salvage
Tradebe
Veolia
Nobleoil
Mid States Oil Refining
Broad
Beijing First Filtration Trade
Jinghong Renewable Resources

Segment by Type

Fuel Oil
Lubricating Oil
Hydraulic Oil
Transformer Oil
Cooking Oil
Others

Segment by Application

Re-refiners
Biodiesel
Industrial Fuel
Others

Our market analysts are experts in deeply segmenting the global Waste Oil Recycling market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Waste Oil Recycling market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Waste Oil Recycling market and plan powerful business tactics to secure a position of strength in the industry.

Market Forecast

Our analysts gave importance to systematic data collection as one of the initial steps taken for successful sizing and forecasting of the global Waste Oil Recycling market. Proprietary models of market segments integrating data from the supply and demand sides of the global Waste Oil Recycling market were incorporated for the generation of critical market forecasts and data. The authors of the report then used standard processes for structured validation of preliminary values in the market model. This helped them to adjust the market model accordingly. Our analysts follow industry-best primary and secondary research techniques for accurate assessment and forecasting of key market segments and sub-segments.

Why QY Research?

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(2) Use our analysis of targeted markets to explore specific areas of the global Waste Oil Recycling market

(3) Get on-demand customization of the report for exact fulfillment of your business needs

(4) For complete business satisfaction, you can use our analyst support

(5) Get impeccable forecasts and accurate market analysis and take advantage of high-level data integrity.

Our objective data will help you to make informed decisions related to your business. The powerful insights provided in the report will lead to better decision-making and deliverance of actionable ideas. The information that this research study offers will assist your business to position in the best manner possible for driving market growth and gain sound understanding about issues affecting the industry and the competitive landscape. Players can actually improve their reputation and standing in the global Waste Oil Recycling market as they develop improved business strategies and gain more confidence with the help of the research study. Our clients are usually impressed with the credibility of our market research reports and the primary and secondary sources we use.

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Table of Contents

1 Market Overview
1.1 Waste Oil Recycling Product Introduction
1.2 Global Waste Oil Recycling Market Size Forecast (2020-2031)
1.3 Waste Oil Recycling Market Trends & Drivers
1.3.1 Waste Oil Recycling Industry Trends
1.3.2 Waste Oil Recycling Market Drivers & Opportunity
1.3.3 Waste Oil Recycling Market Challenges
1.3.4 Waste Oil Recycling Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Waste Oil Recycling Players Revenue Ranking (2024)
2.2 Global Waste Oil Recycling Revenue by Company (2020-2025)
2.3 Key Companies Waste Oil Recycling Manufacturing Base Distribution and Headquarters
2.4 Key Companies Waste Oil Recycling Product Offered
2.5 Key Companies Time to Begin Mass Production of Waste Oil Recycling
2.6 Waste Oil Recycling Market Competitive Analysis
2.6.1 Waste Oil Recycling Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Waste Oil Recycling Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Waste Oil Recycling as of 2024)
2.7 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Fuel Oil
3.1.2 Lubricating Oil
3.1.3 Hydraulic Oil
3.1.4 Transformer Oil
3.1.5 Cooking Oil
3.1.6 Others
3.2 Global Waste Oil Recycling Sales Value by Type
3.2.1 Global Waste Oil Recycling Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Waste Oil Recycling Sales Value, by Type (2020-2031)
3.2.3 Global Waste Oil Recycling Sales Value, by Type (%) (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Re-refiners
4.1.2 Biodiesel
4.1.3 Industrial Fuel
4.1.4 Others
4.2 Global Waste Oil Recycling Sales Value by Application
4.2.1 Global Waste Oil Recycling Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Waste Oil Recycling Sales Value, by Application (2020-2031)
4.2.3 Global Waste Oil Recycling Sales Value, by Application (%) (2020-2031)

5 Segmentation by Region
5.1 Global Waste Oil Recycling Sales Value by Region
5.1.1 Global Waste Oil Recycling Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Waste Oil Recycling Sales Value by Region (2020-2025)
5.1.3 Global Waste Oil Recycling Sales Value by Region (2026-2031)
5.1.4 Global Waste Oil Recycling Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Waste Oil Recycling Sales Value, 2020-2031
5.2.2 North America Waste Oil Recycling Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Waste Oil Recycling Sales Value, 2020-2031
5.3.2 Europe Waste Oil Recycling Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Waste Oil Recycling Sales Value, 2020-2031
5.4.2 Asia Pacific Waste Oil Recycling Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Waste Oil Recycling Sales Value, 2020-2031
5.5.2 South America Waste Oil Recycling Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Waste Oil Recycling Sales Value, 2020-2031
5.6.2 Middle East & Africa Waste Oil Recycling Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Waste Oil Recycling Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Waste Oil Recycling Sales Value, 2020-2031
6.3 United States
6.3.1 United States Waste Oil Recycling Sales Value, 2020-2031
6.3.2 United States Waste Oil Recycling Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Waste Oil Recycling Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Waste Oil Recycling Sales Value, 2020-2031
6.4.2 Europe Waste Oil Recycling Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Waste Oil Recycling Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Waste Oil Recycling Sales Value, 2020-2031
6.5.2 China Waste Oil Recycling Sales Value by Type (%), 2024 VS 2031
6.5.3 China Waste Oil Recycling Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Waste Oil Recycling Sales Value, 2020-2031
6.6.2 Japan Waste Oil Recycling Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Waste Oil Recycling Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Waste Oil Recycling Sales Value, 2020-2031
6.7.2 South Korea Waste Oil Recycling Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Waste Oil Recycling Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Waste Oil Recycling Sales Value, 2020-2031
6.8.2 Southeast Asia Waste Oil Recycling Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Waste Oil Recycling Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Waste Oil Recycling Sales Value, 2020-2031
6.9.2 India Waste Oil Recycling Sales Value by Type (%), 2024 VS 2031
6.9.3 India Waste Oil Recycling Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Safety-Kleen
7.1.1 Safety-Kleen Profile
7.1.2 Safety-Kleen Main Business
7.1.3 Safety-Kleen Waste Oil Recycling Products, Services and Solutions
7.1.4 Safety-Kleen Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.1.5 Safety-Kleen Recent Developments
7.2 Lorco
7.2.1 Lorco Profile
7.2.2 Lorco Main Business
7.2.3 Lorco Waste Oil Recycling Products, Services and Solutions
7.2.4 Lorco Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.2.5 Lorco Recent Developments
7.3 World Oil
7.3.1 World Oil Profile
7.3.2 World Oil Main Business
7.3.3 World Oil Waste Oil Recycling Products, Services and Solutions
7.3.4 World Oil Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.3.5 World Oil Recent Developments
7.4 Orrco Recycles
7.4.1 Orrco Recycles Profile
7.4.2 Orrco Recycles Main Business
7.4.3 Orrco Recycles Waste Oil Recycling Products, Services and Solutions
7.4.4 Orrco Recycles Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.4.5 Orrco Recycles Recent Developments
7.5 FP Petro Products
7.5.1 FP Petro Products Profile
7.5.2 FP Petro Products Main Business
7.5.3 FP Petro Products Waste Oil Recycling Products, Services and Solutions
7.5.4 FP Petro Products Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.5.5 FP Petro Products Recent Developments
7.6 CSG
7.6.1 CSG Profile
7.6.2 CSG Main Business
7.6.3 CSG Waste Oil Recycling Products, Services and Solutions
7.6.4 CSG Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.6.5 CSG Recent Developments
7.7 MTB
7.7.1 MTB Profile
7.7.2 MTB Main Business
7.7.3 MTB Waste Oil Recycling Products, Services and Solutions
7.7.4 MTB Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.7.5 MTB Recent Developments
7.8 Oil Salvage
7.8.1 Oil Salvage Profile
7.8.2 Oil Salvage Main Business
7.8.3 Oil Salvage Waste Oil Recycling Products, Services and Solutions
7.8.4 Oil Salvage Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.8.5 Oil Salvage Recent Developments
7.9 Tradebe
7.9.1 Tradebe Profile
7.9.2 Tradebe Main Business
7.9.3 Tradebe Waste Oil Recycling Products, Services and Solutions
7.9.4 Tradebe Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.9.5 Tradebe Recent Developments
7.10 Veolia
7.10.1 Veolia Profile
7.10.2 Veolia Main Business
7.10.3 Veolia Waste Oil Recycling Products, Services and Solutions
7.10.4 Veolia Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.10.5 Veolia Recent Developments
7.11 Nobleoil
7.11.1 Nobleoil Profile
7.11.2 Nobleoil Main Business
7.11.3 Nobleoil Waste Oil Recycling Products, Services and Solutions
7.11.4 Nobleoil Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.11.5 Nobleoil Recent Developments
7.12 Mid States Oil Refining
7.12.1 Mid States Oil Refining Profile
7.12.2 Mid States Oil Refining Main Business
7.12.3 Mid States Oil Refining Waste Oil Recycling Products, Services and Solutions
7.12.4 Mid States Oil Refining Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.12.5 Mid States Oil Refining Recent Developments
7.13 Broad
7.13.1 Broad Profile
7.13.2 Broad Main Business
7.13.3 Broad Waste Oil Recycling Products, Services and Solutions
7.13.4 Broad Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.13.5 Broad Recent Developments
7.14 Beijing First Filtration Trade
7.14.1 Beijing First Filtration Trade Profile
7.14.2 Beijing First Filtration Trade Main Business
7.14.3 Beijing First Filtration Trade Waste Oil Recycling Products, Services and Solutions
7.14.4 Beijing First Filtration Trade Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.14.5 Beijing First Filtration Trade Recent Developments
7.15 Jinghong Renewable Resources
7.15.1 Jinghong Renewable Resources Profile
7.15.2 Jinghong Renewable Resources Main Business
7.15.3 Jinghong Renewable Resources Waste Oil Recycling Products, Services and Solutions
7.15.4 Jinghong Renewable Resources Waste Oil Recycling Revenue (US$ Million) & (2020-2025)
7.15.5 Jinghong Renewable Resources Recent Developments

8 Industry Chain Analysis
8.1 Waste Oil Recycling Industrial Chain
8.2 Waste Oil Recycling Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Waste Oil Recycling Sales Model
8.5.2 Sales Channel
8.5.3 Waste Oil Recycling Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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