Regional Analysis
- 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.