Kings Research today announced the release of its latest market intelligence study, “Global Biodegradable Engine Oil Market: Size, Share, Trends & Forecast 2024–2031.” The report presents in-depth insights into the size, growth trajectory, competitive dynamics, and sustainability-driven opportunities shaping the biodegradable lubricants industry.
According to Kings Research, the global biodegradable engine oil market was valued at USD 1,106.2 million in 2023 and is projected to expand from USD 1,144.3 million in 2024 to USD 1,511.8 million by 2031, reflecting a steady CAGR of 4.06% over the forecast period.
Biodegradable engine oils are made from renewable sources such as vegetable oils, bioesters and synthetic esters. Unlike petroleum based lubricants they break down naturally reducing soil and water pollution from leaks or spills. These oils are being adopted across marine, agricultural, automotive and construction sectors where environmental protection is key.
Key Drivers Accelerating Market Growth
- Rising Environmental Awareness and Regulations
Recognition of petroleum oil pollution has driven industries to adopt sustainable alternatives. The European Union’s REACH regulation and the U.S. Environmental Protection Agency (EPA) standards are forcing lubricant safety and biodegradable adoption.
- Plant-Based Lubricant Innovation
Advances in formulation now enable biodegradable oils to achieve thermal stability, oxidation resistance, and lubrication performance comparable to conventional oils.
For automotive, marine, and industrial stakeholders, biodegradable engine oils deliver several business-critical advantages:
- Regulatory Compliance: Eco-friendly formulations help industries meet increasingly strict EU, U.S. and Asia-Pacific emissions and safety regulations.
- Operational Reliability: Modern biodegradable oils offer similar performance to petroleum based alternatives, equipment protection, longer service intervals and reduced downtime.
- Market Differentiation: Companies adopting biodegradable lubricants strengthen their sustainability position, appealing to environmentally conscious consumers and investors.
- Cost Efficiency Over Lifecycle: Reduced environmental penalties, simplified cleanup after spills, and extended equipment life contribute to lower total cost of ownership (TCO).
Regional Outlook
- Europe: Held 39.49% share (USD 436.9 million) in 2023, underpinned by strict sustainability standards, REACH compliance, and strong adoption across Germany, France, and the UK.
- Asia-Pacific: Poised to grow at 4.65% CAGR, driven by policy-led pollution reduction in China and India, rapid industrialization, and automotive sector expansion.
- North America: Supported by EPA-driven environmental policies, with the marine and construction industries adopting eco-friendly lubricants at scale.
Competitive Landscape
The market is moderately fragmented, with leading players investing in R&D, eco-friendly formulations, and regulatory compliance to strengthen their presence. Key players include Castrol Limited, Exxon Mobil Corporation, Repsol, Shell International B.V., and TotalEnergies.
In August 2024, Chevron introduced Clarity Bio EliteSyn AW, a biodegradable hydraulic fluid designed for high performance and compliance with global environmental standards. (Source: cglapps.chevron.com)
The full Kings Research report provides detailed segmentation by type, application, and region, along with competitive benchmarking and forward-looking insights. To request a sample or access the complete report, please visit: https://www.kingsresearch.com/biodegradable-engine-oil-market-1603.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, helping organizations navigate emerging markets, assess opportunities, and make informed business decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible public sources such as the U.S. Environmental Protection Agency (www.epa.gov), European Chemicals Agency (www.echa.europa.eu), and International Energy Agency (www.iea.org).