Waste Oil Market Bolstered by Soaring Re-refining Activities in Industrial

Posted by Deeksha on January 9th, 2019

Waste oil, though inimical, can be blessing in disguise at the time when crude oil prices soar. Recuperation of industrial sector in the European region coupled with swelling energy demand are estimated to power the waste oil market. Besides, upsurge in the GDP in the region has further fueled the demand for waste oil. These assimilations are in line with the report titled, “Waste Oil Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2026,” which has been latterly included in the repository of Market Research Hub (MRH). In terms of revenue, waste oil market is estimated to register compound annual growth rate of over 6% during the assessment period.

On the back of growing concern to curb greenhouse gas emission, implementation of rigorous regulations have spurred the demand for waste oil. Furthermore, surge in re-refining activities in industrial and automotive sectors has propped up the waste oil market. Waste oil market is underpinned by government through adoption of technologies helping in the generation of waste oil. In addition, collaborations in profusion between technology developers and manufacturers will feasibly bolster the waste oil market. However, soaring installation cost of waste oil plants is projected to abstain industries with low capital investment from adopting waste oil.

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Waste Oil Market: Report Synopsis

The report provides a thorough analysis on waste oil by delineating an exhaustive assessment on drivers, opportunities, restraints and trends of the market. The report elucidates the waste oil market through segmentation. The market has been segmented on the basis of type, technology, application and region.

On the basis of type, the report covers transmission oils, engine oils, metalworking fluids & oils, refrigeration & compressor oils, lubricants and others. With regards to technology, the market has is segregated into vacuum distillation, thin-film evaporation, distillation hydrogen treatment and others. With respect to application, the report incorporates waste oil boilers, biodiesel, steel mills, special space heaters, asphalt plants, re-refiners and others. Geographically the report covers North America, Europe, Latin America, Asia Pacific and MEA.

The report also includes Porters’ Five Force Analysis which throws light on the competition in the waste oil market. The report delves into company profiles and competitive matrix to assess the competitive scenario in the market. Besides, the report also incorporates market attractiveness analysis and market share assessment of prominent players.

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The competitive landscape includes major players in the market which has been shortlisted on the basis of financial overview, company overview, business strategies, product portfolio and recent developments. Some of the prominent players covered in the market are Oil Salvage Ltd., Alexandria Petroleum Company, Falzon Group, Omnia Group, Gecco Fuels, to name a few.

Waste Oil Market: Research Methodology

The report delineates a robust research methodology incorporating secondary and primary research. The analysis in the report is on account of secondary research, primary interviews and reviews by expert panel.

The secondary research include trade journals, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper. Besides, it also incorporates national government documents, press releases, news articles and internal & external proprietary databases. The primary research incorporate surveys, e-mail interaction, interviews analysis of seasoned analyst and phonic interviews. To provide the readers with an honest report, expert panel assesses the data collated from different sources.