Global Waste Oil Recycling Market Size, Status and Forecast 2022

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.
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.

Market Analysis and Insights: Global Waste Oil Recycling Market
The global Waste Oil Recycling market size is projected to reach US$ 5447.4 million by 2027, from US$ 3623 million in 2020, at a CAGR of 5.8% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Waste Oil Recycling market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Waste Oil Recycling market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Waste Oil Recycling market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Waste Oil Recycling market.

Global Waste Oil Recycling Scope and Market Size
Waste Oil Recycling market is segmented by company, region (country), 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 Type and by Application in terms of revenue and forecast for the period 2016-2027.

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
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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