Global and United States Waste Oil Recycling Market Report & Forecast 2022-2028

Recycling and reusing used motor oil is preferable to disposal and can provide great environmental benefits. Recycled used motor oil can be re-refined into new oil, processed into fuel oils, and used as raw materials for the petroleum industry. Used oils such as engine lubrication oil, hydraulic fluids, and gear oils used in cars, bikes, or lawnmowers can pollute the environment if they are not recycled or disposed of properly. Used oil must be managed properly by local waste management authorities or Biodiesel repair shops to prevent contaminating the environment. Used oil filters pose similar waste concerns. If properly drained, they can be safely recycled or disposed.
Market Analysis and Insights: Global and United States Waste Oil Recycling Market
This report focuses on global and United States Waste Oil Recycling market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Waste Oil Recycling market size is estimated to be worth US$ 3875.2 million in 2022 and is forecast to a readjusted size of US$ 5447.4 million by 2028 with a CAGR of 5.8% during the review period. Fully considering the economic change by this health crisis, by Type, Fuel Oil accounting for % of the Waste Oil Recycling global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Re-refiners was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Global key players of waste oil recycling include Safety-Kleen, World Oil, Orrco Recycles etc. The top 3 companies hold a share about 13%. North America is the largest market, with a share about 38%, followed by Europe and Asia Pacific with the share about 34% and 20%. In terms of product, lubricating oil is the largest segment, with a share over 33%. And in terms of application, the largest application is re-refiners, followed by industrial fuel and biodiesel.
Global Waste Oil Recycling Scope and Market Size
Waste Oil Recycling market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Waste Oil Recycling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Waste Oil Recycling market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Fuel Oil
Lubricating Oil
Hydraulic Oil
Transformer Oil
Cooking Oil
Others
Segment by Application
Re-refiners
Biodiesel
Industrial Fuel
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Safety-Kleen
Lorco
World Oil
Orrco Recycles
FP Petro Products
CSG
MTB
Oil Salvage
Tradebe
Veolia
Nobleoil
Mid States Oil Refining
Broad
Beijing First Filtration Trade
Jinghong Renewable Resources