PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1400668
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1400668
Automotive Oil Recycling Market Introduction and Overview
According to SPER Market Research, 'Automotive Oil Recycling Market Size- By Oil Type, By Collection Method, By Technology, By End User Industry, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033 state that the Global Automotive Oil Recycling Market is predicted to reach USD 83.12 billion by 2033 with a CAGR of 5.9%.
Oil recycling is the systematic restoration of used oil to regain its essential properties for alternative applications. Specifically applied to the automotive sector, automotive oil recycling focuses on the repurposing of used vehicle oil for various industrial uses. The process encompasses diverse methods, with one such technique involving filtration to eliminate solid impurities from the oil.
Due to supply chain interruptions and decreased vehicle usage, the COVID-19 epidemic had a major impact on the global automotive oil recycling sector. Car maintenance operations decreased as a result of lockdowns, limitations, and economic uncertainty, which had an effect on the amount of used oil that was generated for recycling. But interest in recycling motor oil has continued to rise due to the increased focus on sustainability and environmental issues, which could lead to a comeback when economies progressively improve.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Oil Type, By Collection Method Type, By Technology, By End-use Industry, By Distribution Channel.
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Clean Harbors, Delta-Energy Group, LLC, GFL Environmental Inc., HCC Eagle Environmental Services, Inc., MidStates Oil Refining Co. LLC, NexLube, PetroChoice, Recytech, Safety-Kleen Systems, Inc., Sage Oil Vac, Inc.
Automotive Oil Recycling Market Key Segments Covered
By Oil Type: Based on the Oil Type, Global Automotive Oil Recycling Market is segmented as; Brake Fluids, Engine Oils, Gear Oils, Greases, Hydraulic Fluids, Transmission Fluids, Others.
By Collection Method Type: Based on the Collection Method Type, Global Automotive Oil Recycling Market is segmented as; Automotive Manufacturers, DIY Collection Centers, Garages & Service Stations, Independent Collectors, Municipal Collection Centers, Re-Refineries, Others.
By Technology: Based on the Technology, Global Automotive Oil Recycling Market is segmented as; Acid/Caustic Treatment, Clay Treatment, Distillation, Hydroprocessing, Thin Film Evaporation, Vacuum Distillation, Others.