Report ID: 10078966 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Base Oil Industry was valued at USD 32 Billion in the year 2017. Global Base Oil Industry is further estimated to grow at a CAGR of 1.25% from 2018 to reach USD 35.62 Billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and is considered as the fastest growing Industry in the forecasted period. At a country level, developed market like China & India with highest population base holds the notable Industry share in 2017 and are projected to grow strongly in the coming years.
Major players in Base Oil Industry are Chevron Corporation, Royal Dutch Shell plc, BP p.l.c., Exxon Mobil Corporation, Petroliam Nasional Berhad, Evonik Industries, Repsol and other 13 companies detailed information is provided in research report. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Base Oil Industry
Strength
Growth of automotive industry in APAC
Rapid urbanization
Weakness
Volatile prices of crude oil
Opportunities
American Base Oil industry moves into Group III use
Threats
Often changing engine specifications
Between Automotive Oil, Industrial Oil and Process Oil; Automotive Oil segment is gaining popularity and because of its easy availability this segment is expected to hold the highest Industry share during the forecast period.
Base Oil Industry Overview By Product
Group I
Group II
Group III
Base Oil Industry Overview By Application
Industrial Oils
Automotive Oils
Process Oils
Hydraulic Oils
Others
Base Oil Industry Overview By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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Report ID: 10078966 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
