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)

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, Central Africa and Rest of Middle East

Automotive Oil Recycling Market Regional Insights:

North America is expected to be the largest market for automotive oil recycling market during the forecast period, accounting for over 27% of the market share in 2023. The growth of the market in North America is attributed to stringent regulations around sustainable disposal of used oils in the region.
The Asia Pacific market is expected to be the second-largest market for automotive oil recycling market, accounting for over 19.9% of the market share in 2023. The growth of the market is attributed to rapidly expanding automotive sales and vehicle parc in countries such as China and India.

Europe market is expected to be the fastest-growing market for automotive oil recycling market, with a CAGR of over 23.1% during the forecast period. The growth of the market in Europe is attributed to high awareness and adoption of circular economy practices in the region.

Automotive Oil Recycling Market Report Snapshots