Soybean Oil-based Lubricants Market
Soybean oil-based lubricants are eco-friendly alternatives to traditional petroleum-based oils. They offer benefits such as biodegradability, reduced environmental impact, and superior lubricating properties. The demand for these lubricants is driven by growing environmental awareness and regulatory pressures on reducing carbon footprints. Industries like automotive, agriculture, and industrial machinery are increasingly adopting these oils. The market is expected to expand significantly as industries continue to seek sustainable, renewable alternatives to conventional lubricants, fostering a shift toward bio-based products.
Soybean Oil-based Lubricants Market is gaining traction due to its eco-friendly and sustainable properties. These lubricants are biodegradable and offer superior performance in terms of reducing friction and wear. The shift towards bio-based alternatives is driven by stricter environmental regulations and growing consumer preference for green products. Key applications include automotive, industrial machinery, and agriculture. The market is expected to grow as manufacturers seek renewable solutions to replace petroleum-based oils, with a focus on reducing the environmental impact of lubrication products.
Soybean Oil-based Lubricants market was valued at approximately USD 1.3 billion in 2022. It is expected to grow significantly, with projections estimating it will reach USD 2.2 billion by 2030, reflecting a healthy compound annual growth rate (CAGR) over the period. This growth is driven by the increasing demand for eco-friendly, biodegradable alternatives to traditional lubricants, particularly in industries such as metalworking, automotive, and machinery
| Report Attributes | Details |
| Study Period | 2023 to 2033 |
| Base Year | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Cargill Environmental Lubricants Manufacturing Monsanto Company Biosynthetic Technologies Cortec Corporation Pioneer Hi-Bred International Linnaeus Plant Sciences Gemtek BioBlend Lubricants Cenex Renewable Lubricants Elevance Renewable Sciences Plews & Edelmann |
| SEGMENTS COVERED | By Type, By Application, and By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Soybean Oil-based Lubricants Market uses and benefits
Uses of Soybean Oil-based Lubricants:
Automotive: Used in engine oils and transmission fluids.
Industrial Machinery: Lubricates heavy machinery and equipment in manufacturing.
Agricultural: Used in farming machinery to reduce wear and tear.
Environmentally Sensitive Areas: Ideal for use in areas where conventional oils may cause harm to ecosystems.
Benefits:
Biodegradable: Reduces environmental impact.
Low Toxicity: Safer for workers and the environment.
Improved Lubrication: Offers superior lubrication and reduces wear.
Sustainable: A renewable, eco-friendly alternative to petroleum-based oils.
Drivers:
Environmental Regulations: Increased demand for eco-friendly, biodegradable lubricants.
Sustainability Trends: Growing consumer preference for renewable, sustainable products.
Performance Advantages: Improved lubrication and wear reduction in machinery.
Cost-effectiveness: The rising cost of petroleum-based products boosts interest in alternatives.
Restraints:
Higher Initial Costs: Bio-based lubricants can be more expensive than petroleum-based options.
Performance in Extreme Conditions: Limited performance in certain high-temperature applications compared to synthetic oils.
Market Awareness: Lack of widespread understanding of benefits in some industries.
Soybean Oil-based Lubricants Market Trends include:
Rising Demand for Bio-based Products: With growing environmental awareness, there’s increasing adoption of biodegradable lubricants.
Advancements in Formulation: Innovations to improve performance in extreme conditions are making soybean oil-based lubricants more competitive.
Regulatory Support: Governments are enforcing stricter regulations on petroleum-based products, further driving the demand for sustainable alternatives.
Cost Parity: Efforts to bring down production costs are expected to make these lubricants more affordable.
Soybean Oil-based Lubricants Market Segments
By Type
Hydrogenated Method
Epoxidation Method
Transesterification Method
By Application
Metalworking Fluids
Engine Oils
Hydraulic Fluids
Process Oils
Food Grade Lubricants
Others
Soybean Oil-based Lubricants Market Players
Cargill
Environmental Lubricants Manufacturing
Monsanto Company
Biosynthetic Technologies
Cortec Corporation
Pioneer Hi-Bred International
Linnaeus Plant Sciences
Gemtek
BioBlend Lubricants
Cenex
Renewable Lubricants
Elevance Renewable Sciences
Plews & Edelmann
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Soybean Oil-based Lubricants
1.2 Key Market Segments
1.2.1 Soybean Oil-based Lubricants Segment by Type
1.2.2 Soybean Oil-based Lubricants Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Soybean Oil-based Lubricants Market Overview
2.1 Global Market Overview
2.1.1 Global Soybean Oil-based Lubricants Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Soybean Oil-based Lubricants Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Soybean Oil-based Lubricants Market Competitive Landscape
3.1 Global Soybean Oil-based Lubricants Sales by Manufacturers (2019-2024)
3.2 Global Soybean Oil-based Lubricants Revenue Market Share by Manufacturers (2019-2024)
3.3 Soybean Oil-based Lubricants Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Soybean Oil-based Lubricants Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Soybean Oil-based Lubricants Sales Sites, Area Served, Product Type
3.6 Soybean Oil-based Lubricants Market Competitive Situation and Trends
3.6.1 Soybean Oil-based Lubricants Market Concentration Rate
3.6.2 Global 5 and 10 Largest Soybean Oil-based Lubricants Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Soybean Oil-based Lubricants Industry Chain Analysis
4.1 Soybean Oil-based Lubricants Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Soybean Oil-based Lubricants Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Soybean Oil-based Lubricants Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Soybean Oil-based Lubricants Sales Market Share by Type (2019-2024)
6.3 Global Soybean Oil-based Lubricants Market Size Market Share by Type (2019-2024)
6.4 Global Soybean Oil-based Lubricants Price by Type (2019-2024)
7 Soybean Oil-based Lubricants Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Soybean Oil-based Lubricants Market Sales by Application (2019-2024)
7.3 Global Soybean Oil-based Lubricants Market Size (M USD) by Application (2019-2024)
7.4 Global Soybean Oil-based Lubricants Sales Growth Rate by Application (2019-2024)
8 Soybean Oil-based Lubricants Market Segmentation by Region
8.1 Global Soybean Oil-based Lubricants Sales by Region
8.1.1 Global Soybean Oil-based Lubricants Sales by Region
8.1.2 Global Soybean Oil-based Lubricants Sales Market Share by Region
8.2 North America
8.2.1 North America Soybean Oil-based Lubricants Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Soybean Oil-based Lubricants Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Soybean Oil-based Lubricants Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Soybean Oil-based Lubricants Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Soybean Oil-based Lubricants Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Cargill
9.1.1 Cargill Soybean Oil-based Lubricants Basic Information
9.1.2 Cargill Soybean Oil-based Lubricants Product Overview
9.1.3 Cargill Soybean Oil-based Lubricants Product Market Performance
9.1.4 Cargill Business Overview
9.1.5 Cargill Soybean Oil-based Lubricants SWOT Analysis
9.1.6 Cargill Recent Developments
9.2 Environmental Lubricants Manufacturing
9.2.1 Environmental Lubricants Manufacturing Soybean Oil-based Lubricants Basic Information
9.2.2 Environmental Lubricants Manufacturing Soybean Oil-based Lubricants Product Overview
9.2.3 Environmental Lubricants Manufacturing Soybean Oil-based Lubricants Product Market Performance
9.2.4 Environmental Lubricants Manufacturing Business Overview
9.2.5 Environmental Lubricants Manufacturing Soybean Oil-based Lubricants SWOT Analysis
9.2.6 Environmental Lubricants Manufacturing Recent Developments
9.3 Monsanto Company
9.3.1 Monsanto Company Soybean Oil-based Lubricants Basic Information
9.3.2 Monsanto Company Soybean Oil-based Lubricants Product Overview
9.3.3 Monsanto Company Soybean Oil-based Lubricants Product Market Performance
9.3.4 Monsanto Company Soybean Oil-based Lubricants SWOT Analysis
9.3.5 Monsanto Company Business Overview
9.3.6 Monsanto Company Recent Developments
9.4 Biosynthetic Technologies
9.4.1 Biosynthetic Technologies Soybean Oil-based Lubricants Basic Information
9.4.2 Biosynthetic Technologies Soybean Oil-based Lubricants Product Overview
9.4.3 Biosynthetic Technologies Soybean Oil-based Lubricants Product Market Performance
9.4.4 Biosynthetic Technologies Business Overview
9.4.5 Biosynthetic Technologies Recent Developments
9.5 Cortec Corporation
9.5.1 Cortec Corporation Soybean Oil-based Lubricants Basic Information
9.5.2 Cortec Corporation Soybean Oil-based Lubricants Product Overview
9.5.3 Cortec Corporation Soybean Oil-based Lubricants Product Market Performance
9.5.4 Cortec Corporation Business Overview
9.5.5 Cortec Corporation Recent Developments
9.6 Pioneer Hi-Bred International
9.6.1 Pioneer Hi-Bred International Soybean Oil-based Lubricants Basic Information
9.6.2 Pioneer Hi-Bred International Soybean Oil-based Lubricants Product Overview
9.6.3 Pioneer Hi-Bred International Soybean Oil-based Lubricants Product Market Performance
9.6.4 Pioneer Hi-Bred International Business Overview
9.6.5 Pioneer Hi-Bred International Recent Developments
9.7 Linnaeus Plant Sciences
9.7.1 Linnaeus Plant Sciences Soybean Oil-based Lubricants Basic Information
9.7.2 Linnaeus Plant Sciences Soybean Oil-based Lubricants Product Overview
9.7.3 Linnaeus Plant Sciences Soybean Oil-based Lubricants Product Market Performance
9.7.4 Linnaeus Plant Sciences Business Overview
9.7.5 Linnaeus Plant Sciences Recent Developments
9.8 Gemtek
9.8.1 Gemtek Soybean Oil-based Lubricants Basic Information
9.8.2 Gemtek Soybean Oil-based Lubricants Product Overview
9.8.3 Gemtek Soybean Oil-based Lubricants Product Market Performance
9.8.4 Gemtek Business Overview
9.8.5 Gemtek Recent Developments
9.9 BioBlend Lubricants
9.9.1 BioBlend Lubricants Soybean Oil-based Lubricants Basic Information
9.9.2 BioBlend Lubricants Soybean Oil-based Lubricants Product Overview
9.9.3 BioBlend Lubricants Soybean Oil-based Lubricants Product Market Performance
9.9.4 BioBlend Lubricants Business Overview
9.9.5 BioBlend Lubricants Recent Developments
9.10 Cenex
9.10.1 Cenex Soybean Oil-based Lubricants Basic Information
9.10.2 Cenex Soybean Oil-based Lubricants Product Overview
9.10.3 Cenex Soybean Oil-based Lubricants Product Market Performance
9.10.4 Cenex Business Overview
9.10.5 Cenex Recent Developments
9.11 Renewable Lubricants
9.11.1 Renewable Lubricants Soybean Oil-based Lubricants Basic Information
9.11.2 Renewable Lubricants Soybean Oil-based Lubricants Product Overview
9.11.3 Renewable Lubricants Soybean Oil-based Lubricants Product Market Performance
9.11.4 Renewable Lubricants Business Overview
9.11.5 Renewable Lubricants Recent Developments
9.12 Elevance Renewable Sciences
9.12.1 Elevance Renewable Sciences Soybean Oil-based Lubricants Basic Information
9.12.2 Elevance Renewable Sciences Soybean Oil-based Lubricants Product Overview
9.12.3 Elevance Renewable Sciences Soybean Oil-based Lubricants Product Market Performance
9.12.4 Elevance Renewable Sciences Business Overview
9.12.5 Elevance Renewable Sciences Recent Developments
9.13 Plews and Edelmann
9.13.1 Plews and Edelmann Soybean Oil-based Lubricants Basic Information
9.13.2 Plews and Edelmann Soybean Oil-based Lubricants Product Overview
9.13.3 Plews and Edelmann Soybean Oil-based Lubricants Product Market Performance
9.13.4 Plews and Edelmann Business Overview
9.13.5 Plews and Edelmann Recent Developments
10 Soybean Oil-based Lubricants Market Forecast by Region
10.1 Global Soybean Oil-based Lubricants Market Size Forecast
10.2 Global Soybean Oil-based Lubricants Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Soybean Oil-based Lubricants Market Size Forecast by Country
10.2.3 Asia Pacific Soybean Oil-based Lubricants Market Size Forecast by Region
10.2.4 South America Soybean Oil-based Lubricants Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Soybean Oil-based Lubricants by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Soybean Oil-based Lubricants Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Soybean Oil-based Lubricants by Type (2025-2030)
11.1.2 Global Soybean Oil-based Lubricants Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Soybean Oil-based Lubricants by Type (2025-2030)
11.2 Global Soybean Oil-based Lubricants Market Forecast by Application (2025-2030)
11.2.1 Global Soybean Oil-based Lubricants Sales (Kilotons) Forecast by Application
11.2.2 Global Soybean Oil-based Lubricants Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings
Soybean Oil-based Lubricants Market Segments
By Type
Hydrogenated Method
Epoxidation Method
Transesterification Method
By Application
Metalworking Fluids
Engine Oils
Hydraulic Fluids
Process Oils
Food Grade Lubricants
Others
Soybean Oil-based Lubricants Market Players
Cargill
Environmental Lubricants Manufacturing
Monsanto Company
Biosynthetic Technologies
Cortec Corporation
Pioneer Hi-Bred International
Linnaeus Plant Sciences
Gemtek
BioBlend Lubricants
Cenex
Renewable Lubricants
Elevance Renewable Sciences
Plews & Edelmann
