April 29, 2020

Automotive Oil Recycling Market Manufactures and Key Statistics Analysis 2027

Global Automotive Oil Recycling Market: Snapshot

Not all of the used oil from motors can be recycled—but those that can make for huge business propositions; large percentage of anthropogenic pollutants can make lubricating oil simply non-recyclable. According to one estimate, a contemporary processing system enables refining system to make 1 gallon of used motor oil can churn out 2.5 quarts of lubricating base oil. Regulatory agencies across the world are increasingly engaging in initiatives in educating about the vast health hazards of the inadequate disposal of used automotive oil. Mechanics, and auto repair business owners, and DIY oil change individuals are seeing options expanding. A case in point is the campaign launched by the U.S. EPA “You Dump It, You Drink It”. Re-refining used oil and oil filters are getting impetus from people doing it correctly and often in developed nations. The constant focus of regulatory agencies to prolong the utility of automotive fluids have brought advancements in pre-treatment methods, thus propelling the growth of the automotive oil recycling market, especially in developed nations. A case in point is focus on improvising propane de-asphalting.

A range of automotive manufacturers have become aware of the huge environmental significance of automotive oil recycling. The various types of oil that can recycled and repowered comprise metalworking fluids, transmission fluids, brake fluids, emulsions, coolants from HVAC, refrigeration oils, electrical oils, and heating media. The growing demand for re-refined used oil in petroleum refinery is also boosting the automotive oil recycling market. A variety of novel solvent extraction blends has made way into the market, expanding its potential. The use of alumina adsorbents along with these blends has in some cases is found to hold promise for refiners. One of the key objectives to maximize the sludge removal and produce oil with high efficiency, underpinning the growth dynamic of the market.

Key Drivers of Automotive Oil Recycling Market

  • Increase in government regulations on disposal of hazardous substances is expected to drive the global automotive oil recycling market during the forecast period
  • Producing a gallon of re-refined base from used oil requires less energy than producing base stock from crude oil. Thus, recycling of automotive oil saves valuable resources, which is likely to boost the automotive oil recycling market during the forecast period.

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Key Players in Market:

Prominent players operating in the Automotive Oil Recycling market include:

  • World Oil Corp.
  • Safety-Kleen Systems, Inc.
  • Waste Management
  • DIRK Group
  • Nexlube
  • Lube Oil Re-refining Co., LLC
  • Pesco Beam Environmental Solutions Pvt. Ltd.
  • Oil Re-refining Co., Inc.
  • Alter Fuel Corp.
  • Auto Blue Oils
  • IFP Petro Products (P) Ltd.
  • Waste360
  • Veolia

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