Automotive Oil Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

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Automotive Oil Recycling MarketGlobal Industry
Analysis, Size, Share, Growth, Trends and
Forecast, 2019 - 2027
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Automotive Oil Recycling Market Overview

• Recycling is a process which considers a used
  product and converts it into a new re-usable
  product by reprocessing it
• Automotive oil recycling is a process which
  involves recycling of used motor oil or hydraulic
  oil and converting it into new products such as
  boiler fuel, space heater fuel, lubricants etc.
• Dumping or disposing of used oils in an incorrect
  way is hazardous to the environment. Hence, it is
  highly beneficial to recycle automotive oil and
  convert it into a reusable product.
• 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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Industrial Heating Fuel Segment to Dominate
Global Automotive Oil Recycling Market

• Automotive recycled oil is majorly utilized as a
  fuel in boilers, space heaters, and industrial
  heating applications. Among these application
  segments, industrial heating fuel segment is
  expected to dominate the global automotive oil
  recycling market during the forecast period.
• When an oil can no longer perform its original
  lubrication job, it is recycled and  water and
  impurities are removed so that the oil can be
  burned and used as a fuel to generate heat or
  electricity for industrial operations
• Industrial applications require oil in large
  quantities. Hence, employing new oil is not
  economical. So, recycled oil is a highly suitable
  substitute in industrial operations. Recycled
  automotive oil is utilized in large quantities in
  industrial operations due to the lower cost and
  efficiency. Approximately more than 75 of
  automotive recycled oil is used for driving
  turbines, power plants, cement kilns, and
  manufacturing facilities (asphalt, steel etc.).

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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.

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