Top Companies in Waste Oil Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Waste Oil Market is projected to reach a value of USD 57.4 Billion by 2028 at a CAGR of 4.5% over the forecast period.
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The Global Waste Oil Market is valued at USD 44.1 Billion in 2021 and is projected to reach a value of USD 57.4 Billion by 2028 at a CAGR of 4.5% over the forecast period. Urbanization and industrialization-driven rapid growth in the automobile industry are boosting demand for waste oil because used oil may be recycled and used again.
The significant factors in the Global Waste Oil industry are the increasing usage of waste oil in the automotive and industrial sectors and the rise in the re-refining application.
Due to the lower penetration of high-tech equipment in developing economies, these regions offer the industry tremendous potential opportunities. The tight enforcement of regulations aimed at reducing dangerous greenhouse gas emissions will also support the expansion of the waste oil business. Additionally, the market for waste oil may have significant growth advancements in the upcoming years due to the expanding usage of waste oil in various applications, particularly in developing nations. The world's rapid urbanization is also a key driver of market expansion for waste oil.
The Global Waste Oil market is dominated by various market players like Alexandria Petroleum Company (Egypt), All Waste Matters Ltd. (UK), Business Waste (UK), Enfields Chemicals (South Africa), Enva (UK), EWOR Group (Sweden), Falzon Group (Malta), Gecco Fuels (UK), Goins Waste Oil company Inc. (US), J.J. Richards and Sons Pty Ltd. (Australia), MIB Waste Services (South Africa), Oil Salvage Ltd. (UK), Omnia Group (South Africa), Safety-Kleen Systems Inc. (US), Slicker Recycling (UK), Solway Recycling Ltd. (UK), and Valgrove (UK) among others. In addition, manufacturer and technology developer partnerships are anticipated to increase significantly in the upcoming years, which will benefit the global waste oil market.
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Let’s Take a Look at the Top Market Players that are Captivating the Waste Oil Market
The main strategies used by key players in this market are an investment in R&D activities, acquisitions, and the introduction of new products and technologies.
- All Waste Matters Ltd.(UK)
All Waste Inc. is a solid waste removal and recycling business. The business offers garbage management services to individual, business, industrial, municipal, and residential clients.
- Enva(UK)
Enva England Limited is a company that manages waste, recycles, and rents out skips. The company's waste management and recycling services serve all commercial, industrial, public, and construction sectors. Enva England services the East Midlands region of the United Kingdom.
- Safety-Kleen Systems Inc.(US)
Safety-Kleen Systems Inc. offers services for managing hazardous and non-hazardous waste. The business also installs and maintains parts, washers, and cleans oil/water separators, floor drains, closed drums, grease pits, and underground waste tanks. Also, it collects used oil filters and absorbent towels in addition to collecting, refining, and selling motor oil.
- Oil Salvage Ltd.(UK)
This Company offers waste management solutions. The business provides services for the collection of waste oil, mixed fuels, batteries, thinners, parts washer fluid, and aerosols, as well as for the removal of bunker fuel, laboratory testing, disposal of maritime waste, site cleanup, and tank demolition.
- J.J. Richards and Sons Pty Ltd.(Australia)
This Company deals in garbage management. The company provides services for recycling, compactors, household bins, industrial bins, and liquid waste. Australia's clients are served by J.J. Richards & Sons.
- Slicker Recycling (UK)
Slicker Recycling is a UK-based company that manages a nationwide service through a network of garbage transfer points, depots, and processing facilities. The company makes PFO, a processed fuel oil that can replace virgin gasoline while being environmentally friendly.
- Valgrove(UK)
For more than 30 years, Valgrove has been a reputable name in the environmental services sector. A family-run company, Valgrove is dedicated to giving the commercial and industrial sectors effective waste management choices.
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