Waste oil market expected to grow with increasing environmental awareness and regulatory support
From GlobeNewswire: 2025-07-03 10:04:00
The Global Waste Oil Market is projected to be worth USD 34.55 Bn in 2025, with a forecasted growth to USD 47.01 Bn by 2032, showcasing a CAGR of 4.5%. Factors driving growth include environmental awareness, sustainable waste management, and regulatory support for recycling and reuse of waste oil.
Key takeaways from Coherent Market Insights (CMI) indicate that the waste oil market is expected to grow at a CAGR of 4.5%, reaching USD 34.55 Bn in 2025. The used engine oil segment is projected to reach approximately USD 12.64 Bn in 2025, with recycling and re-refining holding a market share of 35.7% in the same year.
In 2025, the landfilling treatment method is anticipated to account for over two-fifths of the global waste oil market share. North America is expected to lead market growth with a share of 38.7% in 2025, while the Asia Pacific region is set to experience the fastest growth due to urbanization and industrialization.
The waste oil market is witnessing growth due to stringent environmental regulations promoting eco-friendly disposal methods. Governments worldwide are enforcing laws for proper waste oil collection, treatment, and reuse, driving market demand for sustainable waste management solutions.
Despite a positive outlook for the waste oil market, high processing and recycling costs present a challenge, hindering market expansion. The expenses involved in waste oil treatment and re-refining are substantial, deterring potential investors and limiting the adoption of advanced recycling technologies, especially in developing economies.
Many industries are increasingly adopting re-refined base oils due to their cost-effectiveness and environmental benefits, creating growth opportunities for waste oil companies. Regulatory support for sustainable practices and a focus on circular economies are driving the use of waste oils in clean fuel production and petrochemical processes, fueling market expansion globally.
Artificial Intelligence (AI) is making its mark in the waste oil market, enhancing efficiency, accuracy, and sustainability. AI-powered systems optimize waste oil collection, sorting, and recycling processes, improving logistics and reducing operational costs. Predictive analytics aid in equipment maintenance and supply-demand forecasting, while strict compliance with environmental regulations is facilitated through advanced tracking and reporting.
The waste oil market is experiencing positive growth trends, including a shift towards circular economies, rapid industrialization driving oil consumption, and advancements in recycling technologies. Innovations in vacuum distillation, centrifugation, and hydro-treatment are making waste oil recycling more efficient and economically viable, attracting more companies to enter the market.
Read more at GlobeNewswire: Waste Oil Market Poised for Growth, Expected to Hit USD