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Process Oil Industry Analysis, Size, Growth, Trends and Forecast to 2026

08-27-2018 12:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Process Oil Industry Analysis, Size, Growth, Trends

Process Oil are used in chemical and technical industries as raw material or to facilitate processing. Their main application is process aid. For instance, they improve the process ability of rubbers and increase the bulk of rubber. Additionally, efficiency, productivity, and energy savings also increases. Process Oils are petroleum derived and have important properties such as miscibility, color stability, and ageing resistance, which makes it useful in various applications. They are used in manufacture of personal care products, polymers, textile, automobile parts, and industrial applications.

The major drivers for process oil market is the growth of end user industries. Moreover, the benefits outweigh the capital expenditure costs of process oils. The major challenges include the presence of carcinogens polycyclic aromatic hydrocarbons (PAH) and polycyclic aromatics (PCA), which can cause carcinogenic mutations. Stringent regulations has led to development of non-carcinogenic alternative.

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Naphthenic process oils have good color and thermal stability, hence they are used for floor tiles and LPG tubes. Paraffinic process oils have high viscosity and flash point, which are largely used in automotive applications. Aromatic process oils are blended to meet stringent regulations and specifications. Bio-based process oil is used in the automobile and tire industry. Non-carcinogenic process oil is free of carcinogens and meets the regulations of PAH

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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