Bio-Based Lubricants Market to Hit US$ 3.6 Billion by 2031 at 5.1% CAGR, Led by Europe's 38% Share and Key Players Shell, ExxonMobil & Fuchs

The Global Bio-Based Lubricants Market reached US$ 2.4 billion in 2023 and is projected to reach US$ 3.6 billion by 2031, expanding at a CAGR of 5.1% during the forecast period 2024-2031. Market growth is being driven by rising industrialization across emerging economies, increased demand for environmentally friendly lubricants, and the need for high-performance solutions in manufacturing, construction, and transportation sectors. Ongoing research into new biolubricant formulations using plant- and animal-derived oils is further supporting innovation and long-term market expansion.

The automotive industry remains a major growth catalyst, with strong vehicle production contributing to higher consumption of lubricants for servicing and maintenance. As automakers focus on fuel efficiency and reduced emissions, the shift toward energy-efficient, biodegradable lubricants is accelerating. Additionally, regulatory support, particularly in North America, continues to strengthen market adoption, as mandates for renewable content and increasing environmental compliance push industries toward sustainable alternatives. With improving performance characteristics and expanding application scope, bio-based lubricants are steadily gaining market relevance worldwide.

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Bio-Based Lubricants Market refers to the industry that produces lubricants derived from renewable biological sources such as vegetable oils and animal fats, offering environmentally friendly alternatives to conventional petroleum-based lubricants.

Key Developments

United States
✅ August 2025: U.S. lubricant manufacturers expanded production of high-performance bio-based engine and industrial oils formulated from vegetable and synthetic esters to meet new sustainability guidelines.

✅ June 2025: American automotive and manufacturing sectors increased adoption of biodegradable hydraulic and gear oils, driven by stricter environmental regulations and workplace safety standards.

✅ March 2025: U.S. chemical companies introduced next-generation bio-based additives enhancing oxidation stability and thermal resistance in heavy-duty lubrication applications.

Japan
✅ September 2025: Japanese lubricant producers launched premium bio-based formulations for automotive engines and precision machinery, supported by national carbon-neutrality initiatives.

✅ June 2025: Japan's industrial operators expanded use of biodegradable hydraulic fluids in construction and marine sectors to reduce ecological impact in sensitive environments.

✅ February 2025: Research institutions in Japan developed advanced bio-ester blends offering improved viscosity performance for electric vehicle drivetrains and high-speed machinery.

Mergers & Acquisitions

United States
✅ April 2025: A leading U.S. specialty lubricants company acquired a bio-lubricant startup to strengthen its portfolio in renewable and environmentally safe industrial lubricants.

Japan
✅ March 2025: A Japanese chemical manufacturer partnered with a domestic biotechnology firm to co-develop next-generation bio-derived base oils for automotive and industrial applications.

✅ January 2025: A Japan-based lubricant producer formed a strategic collaboration with a U.S. distributor to expand the availability of premium bio-based lubricants across North American markets.

Key Players:
Albemarle Corporation | Chevron Corporation | Cortec Corporation | Emery Oleochemicals | Exxon Mobil Corporation | Fuchs Petrolub SE | Panolin AG | Quaker Chemical Corporation | Royal Dutch Shell PLC | Total SE

Key Highlights :
• Royal Dutch Shell PLC - Holds 14.6% share of the global corrosion inhibitors and specialty lubricant additives market, supported by its strong industrial, marine, and energy-sector product portfolio.

• Exxon Mobil Corporation - Accounts for 13.2% share, driven by widespread adoption of its industrial lubrication technologies and corrosion-protection chemical solutions.

• Chevron Corporation - Maintains 11.8% share, strengthened by its heavy-duty lubricant fluids, corrosion protection agents, and global distribution network.

• Fuchs Petrolub SE - Holds 10.4% share, backed by strong demand for its industrial fluids, metalworking additives, and corrosion-control solutions.

• Quaker Chemical Corporation - Commands 9.1% share, supported by metalworking fluids and corrosion inhibitors used across automotive and manufacturing sectors.

• Total SE - Accounts for 8.3% share, driven by specialty lubrication solutions and industrial corrosion-control chemicals.

• Albemarle Corporation - Holds 7.0% share, derived from its chemical additive technologies used in industrial corrosion mitigation.

• Cortec Corporation - Maintains 6.2% share, recognized for its vapor-phase corrosion inhibitors and environmentally compliant protection technologies.

• Emery Oleochemicals - Holds 5.4% share, supported by bio-based corrosion inhibitors and industrial lubricant additive solutions.

• Panolin AG - Contributes 4.0% share, driven by high-performance biodegradable lubricants and corrosion-protection technologies.

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Market Drivers
• Growing demand for eco-friendly, biodegradable lubricant alternatives is boosting adoption across automotive, marine, industrial machinery, and agricultural sectors.

• Increasing regulatory pressure to reduce carbon emissions and restrict petroleum-based lubricants is driving the shift toward sustainable bio-formulations.

• Rising focus on equipment efficiency, reduced friction, and longer service intervals is strengthening demand for high-performance bio-based oils.

• Expanding availability of vegetable-oil-derived base stocks (soybean, rapeseed, canola, palm) is enhancing cost competitiveness and supply reliability.

• Growing need for safe lubricants in environmentally sensitive applications such as forestry, food processing equipment, and offshore operations.

Industry Developments
• September 2025 (US): Manufacturers introduced high-viscosity bio-engine oils engineered for next-generation hybrid and low-emission vehicles.

• August 2025 (Germany): Leading producers launched advanced biodegradable hydraulic fluids for construction and agricultural machinery.

• June 2025 (France): Partnerships between lubricant makers and OEMs resulted in co-developed bio-based transmission fluids with enhanced thermal stability.

• April 2025 (Japan): Companies unveiled oxidation-resistant bio-based industrial greases suitable for high-temperature manufacturing environments.

Regional Insights
• Europe - 38% share: Growth is driven by "stringent environmental policies, strong uptake of biodegradable lubricants in marine and industrial sectors, and established sustainability initiatives across major industries."

• North America - 30% share: Expansion is supported by "growing corporate sustainability commitments, rising adoption in automotive and heavy-duty machinery, and favorable government programs encouraging bio-lubricant usage."

• Asia Pacific - 25% share: Growth is fueled by "rapid industrialization, expanding agriculture and construction activity, and increasing awareness of eco-friendly maintenance products."

• Latin America - 5% share: Demand is increasing due to "growth in mining and agricultural operations, along with gradual regulatory emphasis on environmental compliance."

• Middle East & Africa - 2% share: Growth is supported by "expanding industrial operations, need for environmentally safe lubricants in desert and marine zones, and emerging sustainability mandates."

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Key Segments

➥ By Base Oil
Vegetable oils lead the market due to their biodegradability, low toxicity, high lubricity, and suitability for environmentally sensitive applications. They are increasingly preferred in industrial and hydraulic applications as sustainability regulations strengthen. Animal fats hold a smaller but steady share, used in specific formulations where their natural lubricating properties and cost-effectiveness are advantageous. Other base oils, including synthetic esters and blended bio-based oils, are gaining traction due to superior oxidation stability and performance in extreme temperatures, supporting advanced industrial and automotive applications.

➥ By Application
Greases represent a major application area, benefiting from demand in machinery, automotive components, and heavy industrial equipment requiring long-lasting lubrication. Hydraulic oils are widely used across manufacturing, construction, and agricultural machinery as companies shift toward environmentally acceptable fluids. Gear oils find growing use in automotive, marine, and industrial gearboxes where high load-bearing performance is essential. Metalworking fluids continue to expand due to rising manufacturing activities and the need for safer, cleaner machining operations. Chainsaw oils are a key niche segment supported by regulations promoting biodegradable lubricants in forestry and outdoor maintenance. Mold release agents are used in plastics, rubber, and concrete production, benefitting from low environmental impact requirements. Two-cycle engine oils serve applications in small engines, garden tools, and marine engines, driven by the shift toward cleaner-burning alternatives.

➥ By End-User
Industrial users dominate consumption as manufacturing, machinery, and process industries increasingly adopt bio-based lubricants to reduce environmental footprint and comply with eco-label standards. Automotive and transportation applications are growing steadily due to the need for cleaner lubrication solutions in engines, transmissions, and driveline components. Mining operations are adopting bio-based lubricants to meet strict environmental requirements in sensitive ecosystems and reduce contamination risks. Building and construction users rely on biodegradable hydraulic oils, form-release agents, and greases to ensure safety and compliance in urban and environmentally regulated project zones.

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