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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)

  • Published In : Nov 2023
  • Code : CMI6305
  • Pages :130
  • Formats :
      Excel and PDF
  • Industry : Energy

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.

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