에스톨라이드 시장 - 성장, 향후 전망, 경쟁 분석(2023-2031년)

The global estolides market is projected to increase at a CAGR of 6.5% during the forecast period of 2023 and 2031. The rise in demand for estolides in different end-use sectors, such as personal care, marine, automotive, and food & beverage, is anticipated to drive the growth of the estolides market throughout the forecast period. Estolides exhibit superior lubricating qualities and low volatility. Additionally, estolides are non-toxic and biodegradable. On the global market, manufacturers are concentrating on the creation of innovative processes to make high-performing renewable products. There are now just a few manufacturers who hold technological patents for the commercial production of estolides. Thus, the product is relatively pricey. Major corporations are boosting their investments in R&D for the creation of estolide compounds that are sustainable. The key competitors in the global estolides market are observing industry trends to identify new business possibilities.

As a result of their biodegradable qualities, estolides are widely used as lubricants. From fatty acids or the interaction of fatty acids with vegetable oils, estolides can be generated. These are natural, non-toxic chemical compounds used in a variety of end-use industries for varied uses. Estolides can be utilized in personal care applications, and their demand is expanding in the automobile, food and beverage, and maritime industries. In the near future, a trend toward bio-based goods is anticipated to increase demand for estolides.

Increased Preference for Eco-Friendly Lubricants

Produced from biomass and other waste, bio-based lubricants can dramatically lower the carbon footprint of manufacturing operations. Due to their durability, biodegradability, and thermophysical properties, bio-lubricants are rising in favor. Estolides are chemical substances, either natural or manufactured, formed from vegetable oils. These bio-based oils have several applications. The globe is dependent on fossil fuel-based products, such as petroleum and petrochemicals. Transesterification is required for the creation of bio-based lubricants; nonetheless, their utilization is extremely limited in comparison to mineral-based oil lubricants.

Sustainable bio-lubricants, such as estolides, are vital to increasing fuel efficiency. Using improved lubricants in the manufacturing, transportation, power generating, and residential sectors might result in annual GDP savings of more than 1 percent, according to estimations. In addition, a four-step catalytic process may transform used cooking oil and cyclic oxygenates into bio-lubricants. Lubricants with a greater viscosity minimize wear by increasing the viscosity ratio and decreasing wear rates. The demand for eco-friendly lubricants contributes to the growth of the estolides market.

Rise in Demand for Estolides in Diverse Applications Industries

Several end-use industries, such as personal care, automotive, marine, and food & beverage, exhibit a constant increase in demand for estolides. The expansion of the automotive industry is a major element driving global demand for estolides. The automotive industry has been dubbed the "industry of industries" due to its tight ties to mass production and mass consumption in the 20th century. The adoption of electric vehicles in key economies is contributing to the expansion of the worldwide estolides market.

Due to their outstanding technical performance features and environmental compatibility, estolides can be employed in the personal care, marine, and food & beverage industries as well. These organically generated plant oils are also used to enhance the quality of products developed for end-use industries.

Increase in the Use of Estolides in Automotive Oils

The global market has been categorized by application into automotive oil, industrial oil, process oil, metal working fluid, and grease, among others. In 2022, the automotive oil segment represented 55.0% of the global market share. It is expected to expand at a CAGR of 6.8% during the forecast period. The rise in demand for lubricants has been greatly influenced by the rise in global automobile production. Due to their biodegradability and sustainability, estolides can be used in vehicle oils. In addition, the demand for lubricants derived from non-fossil fuel sources is increasing, while the use of fossil fuels to create lubricants declines.

North America Contributes More than 50% of the Market Revenues

According to the estolides market research study, North America accounted for approximately 55.5% of the global market in terms of value in 2022. North America's share of the estolides market is anticipated to rise throughout the projected period. North America consists of a few of industrialized economies, such as the United States and Canada, and a handful of emerging or developing countries. The expansion of end-use industries in the region influences the estolides market.

In 2022, Europe held a 22.0% share of the global market. In the near future, the estolides market expansion in Asia-Pacific is anticipated to be quite promising. China's automobile sector expansion is determining the future of the Asia-Pacific market. Middle East & Africa and South America accounted for approximately 11% of the global estolides market in 2022. Both regions are making substantial investments in lowering carbon emissions, which is anticipated to have a beneficial impact on the demand for estolides in these regions over the forecast period.

Market Consolidation to Limit New Entrants

The global estolides market is highly consolidated, with only a few manufacturers and suppliers owning the vast bulk of the market. According to the estolides market study report, the majority of companies are investing extensively in natural and synthetic estolides research and development in order to capitalize on potential growth prospects. Innovation in the production of goods is a major trend followed by market participants. Biosynthetic Technologies, Calumet, Elementis, and Evonik are some of the leading companies in the global market.

In September 2022, Biosynthetic Technologies announced that their particularly sustainable BioEstolide 250 had received the Cosmetics & Toiletries (C&T) All Awards in the category for the base component. BioEstolide 250 is a biodegradable emollient that provides an extensive array of exceptional performance benefits. This non-toxic product is derived from natural oils and is therefore beneficial for the skin and hair.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Estolides market are as follows:

• Research and development budgets of manufacturers and government spending

• Revenues of key companies in the market segment

• Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report:

Micro and macro environment factors that are currently influencing the Estolides market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Type

• Natural
• Synthetic

Application

• Automotive Oil
• Industrial Oil
• Process Oil
• Metalworking Fluid
• Grease
• Others

End-use

• Personal Care
• Automotive
• Marine
• Food & Beverage
• Others

Region Segment (2021-2031; US$ Million)

• North America
• U.S.
• Canada
• Rest of North America
• UK and European Union
• UK
• Germany
• Spain
• Italy
• France
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa

Key questions answered in this report:

• What are the key micro and macro environmental factors that are impacting the growth of Estolides market?

• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

• Estimated forecast and market projections up to 2031.

• Which segment accounts for the fastest CAGR during the forecast period?

• Which market segment holds a larger market share and why?

• Are low and middle-income economies investing in the Estolides market?

• Which is the largest regional market for Estolides market?

• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

• Which are the key trends driving Estolides market growth?

• Who are the key competitors and what are their key strategies to enhance their market presence in the Estolides market worldwide?

Table of Contents

1. Preface

• 1.1. Report Description
  • 1.1.1. Purpose of the Report
  • 1.1.2. Target Audience
  • 1.1.3. Key Offerings
• 1.2. Market Segmentation
• 1.3. Research Methodology
  • 1.3.1. Phase I - Secondary Research
  • 1.3.2. Phase II - Primary Research
  • 1.3.3. Phase III - Expert Panel Review
  • 1.3.4. Assumptions
  • 1.3.5. Approach Adopted

2. Executive Summary

• 2.1. Market Snapshot: Global Estolides Market
• 2.2. Global Estolides Market, By Type, 2022 (US$ Million)
• 2.3. Global Estolides Market, By Application, 2022 (US$ Million)
• 2.4. Global Estolides Market, By End-use, 2022 (US$ Million)
• 2.5. Global Estolides Market, By Geography, 2022 (US$ Million)
• 2.6. Attractive Investment Proposition by Geography, 2022

3. Estolides Market: Competitive Analysis

• 3.1. Market Positioning of Key Estolides Market Vendors
• 3.2. Strategies Adopted by Estolides Market Vendors
• 3.3. Key Industry Strategies
• 3.4. Tier Analysis 2022 Versus 2031

4. Estolides Market: Macro Analysis & Market Dynamics

• 4.1. Introduction
• 4.2. Global Estolides Market Value, 2021 - 2031, (US$ Million)
• 4.3. Market Dynamics
  • 4.3.1. Market Drivers
  • 4.3.2. Market Restraints
  • 4.3.3. Key Challenges
  • 4.3.4. Key Opportunities
• 4.4. Impact Analysis of Drivers and Restraints
• 4.5. See-Saw Analysis

5. Estolides Market: By Type, 2021-2031, USD (Million)

• 5.1. Market Overview
• 5.2. Growth & Revenue Analysis: 2022 Versus 2031
• 5.3. Market Segmentation
  • 5.3.1. Natural
  • 5.3.2. Synthetic

6. Estolides Market: By Application, 2021-2031, USD (Million)

• 6.1. Market Overview
• 6.2. Growth & Revenue Analysis: 2022 Versus 2031
• 6.3. Market Segmentation
  • 6.3.1. Automotive Oil
  • 6.3.2. Industrial Oil
  • 6.3.3. Process Oil
  • 6.3.4. Metalworking Fluid
  • 6.3.5. Grease
  • 6.3.6. Others

7. Estolides Market: By End-use, 2021-2031, USD (Million)

• 7.1. Market Overview
• 7.2. Growth & Revenue Analysis: 2022 Versus 2031
• 7.3. Market Segmentation
  • 7.3.1. Personal Care
  • 7.3.2. Automotive
  • 7.3.3. Marine
  • 7.3.4. Food & Beverage
  • 7.3.5. Others

8. North America Estolides Market, 2021-2031, USD (Million)

• 8.1. Market Overview
• 8.2. Estolides Market: By Type, 2021-2031, USD (Million)
• 8.3. Estolides Market: By Application, 2021-2031, USD (Million)
• 8.4. Estolides Market: By End-use, 2021-2031, USD (Million)
• 8.5.Estolides Market: By Region, 2021-2031, USD (Million)
  • 8.5.1.North America
    • 8.5.1.1. U.S.
      • 8.5.1.1.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 8.5.1.1.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 8.5.1.1.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 8.5.1.2. Canada
      • 8.5.1.2.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 8.5.1.2.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 8.5.1.2.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 8.5.1.3. Rest of North America
      • 8.5.1.3.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 8.5.1.3.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 8.5.1.3.1. Estolides Market: By End-use, 2021-2031, USD (Million)

9. UK and European Union Estolides Market, 2021-2031, USD (Million)

• 9.1. Market Overview
• 9.2. Estolides Market: By Type, 2021-2031, USD (Million)
• 9.3. Estolides Market: By Application, 2021-2031, USD (Million)
• 9.4. Estolides Market: By End-use, 2021-2031, USD (Million)
• 9.5.Estolides Market: By Region, 2021-2031, USD (Million)
  • 9.5.1.UK and European Union
    • 9.5.1.1. UK
      • 9.5.1.1.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 9.5.1.1.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 9.5.1.1.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 9.5.1.2. Germany
      • 9.5.1.2.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 9.5.1.2.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 9.5.1.2.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 9.5.1.3. Spain
      • 9.5.1.3.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 9.5.1.3.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 9.5.1.3.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 9.5.1.4. Italy
      • 9.5.1.4.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 9.5.1.4.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 9.5.1.4.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 9.5.1.5. France
      • 9.5.1.5.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 9.5.1.5.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 9.5.1.5.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 9.5.1.6. Rest of Europe
      • 9.5.1.6.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 9.5.1.6.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 9.5.1.6.1. Estolides Market: By End-use, 2021-2031, USD (Million)

10. Asia Pacific Estolides Market, 2021-2031, USD (Million)

• 10.1. Market Overview
• 10.2. Estolides Market: By Type, 2021-2031, USD (Million)
• 10.3. Estolides Market: By Application, 2021-2031, USD (Million)
• 10.4. Estolides Market: By End-use, 2021-2031, USD (Million)
• 10.5.Estolides Market: By Region, 2021-2031, USD (Million)
  • 10.5.1.Asia Pacific
    • 10.5.1.1. China
      • 10.5.1.1.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 10.5.1.1.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 10.5.1.1.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 10.5.1.2. Japan
      • 10.5.1.2.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 10.5.1.2.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 10.5.1.2.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 10.5.1.3. India
      • 10.5.1.3.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 10.5.1.3.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 10.5.1.3.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 10.5.1.4. Australia
      • 10.5.1.4.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 10.5.1.4.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 10.5.1.4.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 10.5.1.5. South Korea
      • 10.5.1.5.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 10.5.1.5.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 10.5.1.5.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 10.5.1.6. Rest of Asia Pacific
      • 10.5.1.6.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 10.5.1.6.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 10.5.1.6.1. Estolides Market: By End-use, 2021-2031, USD (Million)

11. Latin America Estolides Market, 2021-2031, USD (Million)

• 11.1. Market Overview
• 11.2. Estolides Market: By Type, 2021-2031, USD (Million)
• 11.3. Estolides Market: By Application, 2021-2031, USD (Million)
• 11.4. Estolides Market: By End-use, 2021-2031, USD (Million)
• 11.5.Estolides Market: By Region, 2021-2031, USD (Million)
  • 11.5.1.Latin America
    • 11.5.1.1. Brazil
      • 11.5.1.1.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 11.5.1.1.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 11.5.1.1.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 11.5.1.2. Mexico
      • 11.5.1.2.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 11.5.1.2.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 11.5.1.2.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 11.5.1.3. Rest of Latin America
      • 11.5.1.3.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 11.5.1.3.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 11.5.1.3.1. Estolides Market: By End-use, 2021-2031, USD (Million)

12. Middle East and Africa Estolides Market, 2021-2031, USD (Million)

• 12.1. Market Overview
• 12.2. Estolides Market: By Type, 2021-2031, USD (Million)
• 12.3. Estolides Market: By Application, 2021-2031, USD (Million)
• 12.4. Estolides Market: By End-use, 2021-2031, USD (Million)
• 12.5.Estolides Market: By Region, 2021-2031, USD (Million)
  • 12.5.1.Middle East and Africa
    • 12.5.1.1. GCC
      • 12.5.1.1.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 12.5.1.1.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 12.5.1.1.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 12.5.1.2. Africa
      • 12.5.1.2.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 12.5.1.2.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 12.5.1.2.1. Estolides Market: By End-use, 2021-2031, USD (Million)
    • 12.5.1.3. Rest of Middle East and Africa
      • 12.5.1.3.1. Estolides Market: By Type, 2021-2031, USD (Million)
      • 12.5.1.3.1. Estolides Market: By Application, 2021-2031, USD (Million)
      • 12.5.1.3.1. Estolides Market: By End-use, 2021-2031, USD (Million)

13. Company Profile

• 13.1. Biosynthetic Technologies
  • 13.1.1. Company Overview
  • 13.1.2. Financial Performance
  • 13.1.3. Product Portfolio
  • 13.1.4. Strategic Initiatives
• 13.2. Calumet
  • 13.2.1. Company Overview
  • 13.2.2. Financial Performance
  • 13.2.3. Product Portfolio
  • 13.2.4. Strategic Initiatives
• 13.3. Elementis
  • 13.3.1. Company Overview
  • 13.3.2. Financial Performance
  • 13.3.3. Product Portfolio
  • 13.3.4. Strategic Initiatives
• 13.4. Evonik
  • 13.4.1. Company Overview
  • 13.4.2. Financial Performance
  • 13.4.3. Product Portfolio
  • 13.4.4. Strategic Initiatives
• 13.5. Other notable players
  • 13.5.1. Company Overview
  • 13.5.2. Financial Performance
  • 13.5.3. Product Portfolio
  • 13.5.4. Strategic Initiatives