Oil Cleaning Market Size, Share , Analysis, Trends, Growth 2030

Oil Cleaning Market

Oil Cleaning Market By Technology (Offline Filters, Glass Fiber Pressure Filters, Hydraulic Bypass, Vacuum Filters, Centrifugal Separators, Glass Fiber Pressure Filters, and Electrostatic Filters), By Application (Turbines, Motors, Machinery, Automotive, Cement, Plastic Modeling, Forging, Defense, Aerospace, Casting, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Pages: 207 Report Code: ZMR-21 Published Date: Dec-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 700 Million USD 900 Million 4.7% 2022

Oil Cleaning Industry Prospective:

The global oil cleaning market size was evaluated at $700 million in 2022 and is slated to hit $900 million by the end of 2030 with a CAGR of nearly 4.7% between 2023 and 2030.

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Oil Cleaning Market: Overview

Oil cleaning is the process of purifying the oil by eliminating impurities such as sludge, water contaminants, acids, solid particles, and traces of fuels. The oil cleaning machine passes the oil to the purifier by using the engine pressure. Oil is filtered in the purifier and contaminants ranging greater than one micron are removed. These filters are recyclable and can be changed when the contamination limit is crossed. The oil cleaning system can be directly fitted to the engine.  

Key Insights

  • As per the analysis shared by our research analyst, the global oil cleaning market is projected to expand annually at the annual growth rate of around 4.7% over the forecast timespan (2023-2030)
  • In terms of revenue, the global oil cleaning market size was evaluated at nearly $700 million in 2022 and is expected to reach $900 million by 2030.
  • The global oil cleaning market is anticipated to grow rapidly over the forecast timeline owing to the rising demand for oil cleaning products across the automotive and machinery sectors.
  • In terms of technology, the centrifugal separators segment is slated to register the highest CAGR over the analysis period.
  • Based on application, the automotive segment is projected to record a massive surge in the coming years.
  • Region-wise, the European oil cleaning industry is expected to register the fastest CAGR during the assessment timeline.

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Oil Cleaning Market: Growth Factors

Escalating demand for purification of oil in the automotive sector to boost the global market trends

Rising demand for oil cleaning products across the automotive and machinery sectors is predicted to drive the growth of the global oil cleaning market. The constant development of the oil-cleaning system has increased the demand for oil-cleaning equipment, thereby steering the global market trends. Moreover, low operating costs, escalating concern for recycling technology, and demand for high-quality oil are expected to boost the growth of the market across the globe. Swift industrialization and a surge in the oil extracting & processing units in the Middle East, the U.S., and Russia will steer the expansion of the market across the globe. Stringent laws related to the safety of tanks along with surging environmental concerns will prop up the expansion of the market globally.

A prominent rise in the use of eco-friendly methods of cleaning oil will further augment the growth of the market in the upcoming years. Mergers & acquisitions and innovations are likely to play a major role in favorably leveraging the growth of the market across the globe. For instance, in the first half of 2020, Clean Harbors, Inc., a waste management firm based in the U.S., purchased Safety-Kleen, a key oil tank cleaning services provider. Moreover, in the third quarter of 2021, National Oilwell Varco, an oilfield services firm, introduced new technology for oil tank cleaning.

Oil Cleaning Market: Restraints

Low usage of oil purifying tools can put brakes on the global industry expansion over the forecast period

Lesser use of oil-cleaning technologies in emerging economies can impede the growth of the global oil-cleaning industry. A lack of awareness about oil cleaning systems is predicted to hamper the growth of the industry across the globe.  

Oil Cleaning Market: Opportunities

Rise in the industrialization witnessed in emerging economies will open new growth avenues for the global market 

Rapid industrialization and developing urbanization in developing countries are anticipated to open new opportunities for the global oil cleaning market in the forecast period. A surge in the use of oil cleaning tools in various end-use sectors will further proliferate the growth of the market across the globe in the years ahead.  

Oil Cleaning Market: Challenges

Changes in the costs of materials used in the production of oil cleaning products can pose a big challenge for the global industry 

The fluctuating prices of raw materials especially in underdeveloped countries can pose a huge challenge for the global oil cleaning industry during the forecast period. Huge operating costs and complex regulations are a few of the factors restricting the expansion of the global industry. Low availability of skilled workforce along with long cleaning cycle as well as escalating costs of tank cleaning devices can hinder the global industry surge.  

Oil Cleaning Market: Segmentation

The global oil cleaning market is sectored into technology, application, and region.                    

In technology terms, the global oil cleaning market is segregated into centrifugal separators, offline filters, glass fiber pressure filters, hydraulic bypass, glass fiber pressure filters, vacuum filters, and electrostatic filter segments. Furthermore, the centrifugal separator segment, which acquired approximately two-thirds of the global market share in 2022, is prognosis to record the fastest rate of growth in the next eight years. The growth of the segment during the assessment timeline can be credited to a rise in the use of centrifugal operators for separating oil wastes from oil, thereby purifying oil.  

Based on the application, the global oil cleaning industry is sectored into forging, plastic modeling, turbines, casting, motors, machinery, defense, automotive, cement, aerospace, and others segments. Moreover, the automotive segment, which accumulated the largest share of the global industry in 2022, is predicted to lead the segmental growth in the forecast period. The expansion of the segment in the coming eight years can be owing to the large-scale use of oil-cleaning products in the automotive sector as oil is used as a lubricant to improve vehicle performance as well as reduce fuel emissions.  

Oil Cleaning Market: Report Scope

Report Attributes Report Details
Report Name Oil Cleaning Market
Market Size in 2022 USD 700 Million
Market Forecast in 2030 USD 900 Million
Growth Rate CAGR of 4.7%
Number of Pages 207
Key Companies Covered Triple R Co. Ltd., Trident Engineering, Kleentek, Puradyn Filter Technologies Inc., Ferrocare Machines Pvt. Ltd., Clean Oil Technology AB., Puradyn Filter Technologies Inc., KlassicKlarol Filters Private Ltd, and Kleenoil Filtration Ltd., and others.
Segments Covered By Technology, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Oil Cleaning Market: Regional Insights

North America is predicted to maintain its dominant position in the global oil cleaning market over the prognosis timeframe

North America, which amassed nearly half of the global oil cleaning market revenue share in 2022, is predicted to dominate the regional sphere in the next few years. Additionally, the regional market expansion in the forthcoming can be credited to the presence of key oil & gas producers in countries such as the U.S. Apart from this, a prominent surge in the oil tank cleaning ventures along with a need for improving the operational efficiency of firms is predicted to drive the regional market growth. Countries such as the U.S. and Canada are predicted to be the key regional revenue drivers.  

The European oil cleaning industry is set to register the highest CAGR in the next eight years subject to the presence of a large number of oil refineries in the countries such as the UK, Germany, and France. Moreover, with an increase in the number of oil tankers in the continent, the oil cleaning business is predicted to gain traction in the continent in the years ahead. Furthermore, the rise in the oil storage establishments in the continent has resulted in huge demand for oil cleaning solutions, thereby driving the growth of the industry in the continent. Apart from this, strict environmental laws implemented by various countries in the continent will contribute notably towards the regional industry size.  

Oil Cleaning Market: Competitive Space

The global oil cleaning market profiles key players such as:

  • Triple R Co. Ltd.
  • Trident Engineering
  • Kleentek
  • Puradyn Filter Technologies Inc.
  • Ferrocare Machines Pvt. Ltd.
  • Clean Oil Technology AB.
  • Puradyn Filter Technologies Inc.
  • KlassicKlarol Filters Private Ltd
  • and Kleenoil Filtration Ltd.   

The global oil cleaning market is segmented as follows:

By Technology

  • Offline Filters
  • Glass Fiber Pressure Filters
  • Hydraulic Bypass
  • Vacuum Filters
  • Centrifugal Separators
  • Glass Fiber Pressure Filters
  • Electrostatic Filters

By Application

  • Turbines
  • Motors
  • Machinery
  • Automotive
  • Cement
  • Plastic Modeling
  • Forging
  • Defense
  • Aerospace
  • Casting
  • Others

By Region

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

Table Of Content

Methodology

FrequentlyAsked Questions

Oil cleaning is the process of purifying the oil by eliminating impurities such as sludge, water contaminants, acids, solid particles, and traces of fuels.

The global oil cleaning market growth over the forecast period can be owing to rising demand for oil cleaning products across the automotive and machinery sectors.

According to a study, the global oil cleaning industry size was $700 million in 2022 and is projected to reach $900 million by the end of 2030.

The global oil cleaning market is anticipated to record a CAGR of nearly 4.7% from 2023 to 2030.

The European oil cleaning industry is set to register the fastest CAGR over the forecasting timeline subject to the presence of a large number of oil refineries in countries such as the UK, Germany, and France. Moreover, with an increase in the number of oil tankers in the continent, the oil cleaning business is predicted to gain traction in the continent in the years ahead. Furthermore, the rise in the oil storage establishments in the continent has resulted in huge demand for oil cleaning solutions, thereby driving the growth of the industry in the continent. Apart from this, strict environmental laws implemented by various countries in the continent will contribute notably towards the regional industry size.

The global oil cleaning market is led by players such as Triple R Co. Ltd., Trident Engineering, Kleentek, Puradyn Filter Technologies Inc., Ferrocare Machines Pvt. Ltd., Clean Oil Technology AB., Puradyn Filter Technologies Inc., KlassicKlarol Filters Private Ltd, and Kleenoil Filtration Ltd.

The oil cleaning market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, market positioning, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.

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