North America Biolubricants Market

The North America biolubricants market is expected to grow from US$ 610.99 million in 2022 to US$ 759.53 million by 2028. It is estimated to register a CAGR of 3.7% from 2022 to 2028.

Growing Automobile Sector Fuels North America Biolubricants Market Growth

As per the data of the Organisation Internationale des Constructeurs d'Automobiles (OICA), countries in North America, recorded over production for commercial & passenger cars in 2019, and the production has grown by more than 3%. Further, replacing hydrocarbon-based oils with biodegradable products is one of the ways to reduce the adverse effects of lubricants on the ecosystem. With increasing regulatory pressure on improving the fuel efficiency of vehicles and reducing emissions of greenhouse gases, there has been a remarkable development in oil lubricant formulations. In December 2021, the US Environmental Protection Agency (EPA) finalized revised national greenhouse gas (GHG) emissions standards for light trucks and passenger cars for model years 2023–2026. According to the agency, the final standards will significantly reduce GHG emissions and other criteria pollutants, leading to substantial public health and welfare benefits, and consumers can save money on fuel. According to the directive EC/1999/45, passenger car motor oils (PCMO) must be biodegradable and nontoxic to aqueous environments. Thus, the growing automotive industry and stringent government policies on reducing greenhouse gas emissions are driving the North America biolubricants market.

North America Biolubricants Market Overview

In North America, passenger vehicles are the most common mode of transportation, and their use is increasing with the rise in per capita income. Automakers have shifted their focus on vehicle production more toward electrification with the growing stringent emission norms. According to the International Energy Agency, electric car sales accounted for 630,000, with a CAGR of 32% in the US. Moreover, the growing requirement for commercial vehicles from the logistics & e-commerce sector in the region is propelling the demand for biolubricants. The increasing investment from major players, such as General Motors and Tesla, Inc., in the region is boosting the market growth. According to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in North America increased from over 13.3 million in 2020 to 13.4 million vehicles in 2021. Foreign automotive manufacturers are expected to develop a part of the mainstream automotive industry in North America to increase their market share, which will benefit the market demand for biolubricants. Furthermore, the US federal government adopted rules that would increase the procurement preferences for biolubricants, including hydraulic fluids and other industrial lubricants. These factors are expected to propel the growth of the biolubricants market in North America.

North America Biolubricants Market Revenue and Forecast to 2028 (US$ Million)

North America Biolubricants Strategic Insights

Strategic insights for the North America Biolubricants provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Biolubricants Report Scope

North America Biolubricants Regional Insights

The geographic scope of the North America Biolubricants refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America Biolubricants Market Segmentation

The North America biolubricants market is divided into base oil, application, end use, and country.

Based on base oil, the North America biolubricants market is segmented into vegetable oils, animal fats, and others. The vegetable oils segment held the largest North America biolubricants market share in 2022. 

Based on application, the North America biolubricants market is segmented into gear oils, hydraulic oils, metalworking fluids, greases, and others. The others segment held the largest North America biolubricants market share in 2022.

Based on end use, the North America biolubricants market is segmented into automotive, industrial, marine, agriculture & forestry, and others. The industrial segment held the largest North America biolubricants market share in 2022.

Based on country, the North America biolubricants market is segmented into the US, Canada, and Mexico. The US dominated the North America biolubricants market in 2022.

Carl Bechem GmbH, Crevier Group Inc, Emery Oleochemicals LLC, Fuchs Petrolub SE, Kluber Lubrication GmbH & Co KG, Renewable Lubricants Inc, RSC Bio Solutions LLC, Shell Plc, and TotalEnergies SE are among the leading companies operating in the North America biolubricants market.