Waste Oil Market Size, Share, and Trends 2024 to 2034

The global waste oil market size is calculated at USD 84.04 billion in 2025 and is forecasted to reach around USD 147.22 billion by 2034, accelerating at a CAGR of 6.43% from 2025 to 2034. The Asia Pacific waste oil market size surpassed USD 35.30 billion in 2025 and is expanding at a CAGR of 6.56% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2217
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Waste Oil Market 

5.1. COVID-19 Landscape: Waste Oil Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Waste Oil Market, By Type

8.1. Waste Oil Market, by Type

8.1.1 Transmission Oils

8.1.1.1. Market Revenue and Forecast

8.1.2. Engine Oils

8.1.2.1. Market Revenue and Forecast

8.1.3. Refrigeration & Compressor Oils

8.1.3.1. Market Revenue and Forecast

8.1.4. Metalworking Fluids & Oils

8.1.4.1. Market Revenue and Forecast

8.1.5. Lubricants

8.1.5.1. Market Revenue and Forecast

8.1.6. Others

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Waste Oil Market, By Technology

9.1. Waste Oil Market, by Technology

9.1.1. Vacuum Distillation Process

9.1.1.1. Market Revenue and Forecast

9.1.2. Distillation Hydrogen Treatment

9.1.2.1. Market Revenue and Forecast

9.1.3. Thin-film Evaporation

9.1.3.1. Market Revenue and Forecast

9.1.4. Others

9.1.4.1. Market Revenue and Forecast

Chapter 10. Global Waste Oil Market, By Application 

10.1. Waste Oil Market, by Application

10.1.1. Waste Oil Boilers

10.1.1.1. Market Revenue and Forecast

10.1.2. Biodiesel

10.1.2.1. Market Revenue and Forecast

10.1.3. Special Space Heaters

10.1.3.1. Market Revenue and Forecast

10.1.4. Steel Mills

10.1.4.1. Market Revenue and Forecast

10.1.5. Re-refiners

10.1.5.1. Market Revenue and Forecast

10.1.6. Asphalt Plants

10.1.6.1. Market Revenue and Forecast

10.1.7. Others

10.1.7.1. Market Revenue and Forecast

Chapter 11. Global Waste Oil Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type

11.1.2. Market Revenue and Forecast, by Technology

11.1.3. Market Revenue and Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type

11.1.4.2. Market Revenue and Forecast, by Technology

11.1.4.3. Market Revenue and Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type

11.1.5.2. Market Revenue and Forecast, by Technology

11.1.5.3. Market Revenue and Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type

11.2.2. Market Revenue and Forecast, by Technology

11.2.3. Market Revenue and Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type

11.2.4.2. Market Revenue and Forecast, by Technology

11.2.4.3. Market Revenue and Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type

11.2.5.2. Market Revenue and Forecast, by Technology

11.2.5.3. Market Revenue and Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type

11.2.6.2. Market Revenue and Forecast, by Technology

11.2.6.3. Market Revenue and Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type

11.2.7.2. Market Revenue and Forecast, by Technology

11.2.7.3. Market Revenue and Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type

11.3.2. Market Revenue and Forecast, by Technology

11.3.3. Market Revenue and Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type

11.3.4.2. Market Revenue and Forecast, by Technology

11.3.4.3. Market Revenue and Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type

11.3.5.2. Market Revenue and Forecast, by Technology

11.3.5.3. Market Revenue and Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type

11.3.6.2. Market Revenue and Forecast, by Technology

11.3.6.3. Market Revenue and Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type

11.3.7.2. Market Revenue and Forecast, by Technology

11.3.7.3. Market Revenue and Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type

11.4.2. Market Revenue and Forecast, by Technology

11.4.3. Market Revenue and Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type

11.4.4.2. Market Revenue and Forecast, by Technology

11.4.4.3. Market Revenue and Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type

11.4.5.2. Market Revenue and Forecast, by Technology

11.4.5.3. Market Revenue and Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type

11.4.6.2. Market Revenue and Forecast, by Technology

11.4.6.3. Market Revenue and Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type

11.4.7.2. Market Revenue and Forecast, by Technology

11.4.7.3. Market Revenue and Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type

11.5.2. Market Revenue and Forecast, by Technology

11.5.3. Market Revenue and Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type

11.5.4.2. Market Revenue and Forecast, by Technology

11.5.4.3. Market Revenue and Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type

11.5.5.2. Market Revenue and Forecast, by Technology

11.5.5.3. Market Revenue and Forecast, by Application

Chapter 12. Company Profiles

12.1. Alexandria Petroleum Company

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. All Waste Matters Ltd

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Business Waste

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Enfields Chemicals CC

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Enva

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. EWOR

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Falzon Group

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Gecco Fuels

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Goins Waste Oil company inc

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. J.J. Richards and Sons Pty Ltd

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global waste oil market size was accounted at USD 78.91 billion in 2024 and it is expected to reach around USD 147.22 billion by 2034.

The global waste oil market is poised to grow at a CAGR of 6.43% from 2025 to 2034.

The major players operating in the waste oil market are Alexandria Petroleum Company, All Waste Matters Ltd, Business Waste, Enfields Chemicals CC, Enva, EWOR, Falzon Group, Gecco Fuels, Goins Waste Oil company inc, J.J. Richards and Sons Pty Ltd, MIB Waste Services, Oil Salvage Ltd., Omnia Group., Safety-Kleen Systems, Inc, Sliker Recycling, Solway Recycling Ltd, Valgrove

Increase in investments in automotive operations, urbanization and industrialization are driving the growth of the waste oil market.

Asia Pacific region will lead the global waste oil market during the forecast period 2025 to 2034.

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