AUTOMOTIVE OIL RECYCLING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Automotive Oil Recycling Market, By Oil Type (Engine Oils, Transmission Fluids, Brake Fluids, Greases, Gear Oils, Hydraulic Fluids, Others), By Collection Method (Garages & Service Stations, Automotive Manufacturers, Re-Refineries, DIY Collection Centers, Municipal Collection Centers, Independent Collectors, Others), By Technology (Vacuum Distillation, Thin Film Evaporation, Hydroprocessing, Clay Treatment, Acid/Caustic Treatment, Distillation, Others), By End-use Industry (Automotive, Industrial, Marine, Others), By Sales Channel (Direct Sales, Indirect Sales), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Recent Developments:

New product launches:

In 2022, Shell is a multinational oil and gas company launched used oil management practices to re-refined and dispose of used oil.
In June 2022, Safety-Kleen introduced BRAND OF BASE OILS, 10 kg of carbon dioxide are prevented from being released while using re-refined base oil instead of a regular refining procedure.

Acquisition and partnerships:

In September 2022, Heritage-Crystal Clean acquired Enevo's used oil collection business in Finland. This expanded its collection network in Europe.
In February 2021, Safety-Kleen acquired McKenna Environmental's used oil collection assets in Canada. It increased Safety-Kleen's customer base and infrastructure.
In December 2020, FCC Environmental partnered with Nexus Fuels to supply recycled base oils. The partnership enhanced both companies' circular economy credentials.

Automotive Oil Recycling Market Report Snapshots