openPR Logo
Press release

Base Oil Market 2016-2023 Business Analysis and Evolutionary Growth: BP PLC, Chevron Corporation, Ergon Inc, Evonik Industries AG, Exxon Mobil Corporation and More

03-13-2019 10:47 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Base Oil market

Base Oil market

Global Base Oil Market was valued at $35,430 million in 2016, and is expected to reach $38,031 million by 2023, registering a CAGR of 1.0% from 2017 to 2023. Base oil is the refined petroleum mineral or synthetic material produced by a refinery to a required set of specifications, typically lubricant base stock. The quality of a lubricant can depend upon the type of base oil used for the refining and/or production method used to produce the base oil. It is critical toward the grade of lubricant as base oils normally make up to 70-97% of formulation of a lubricants.

Major companies adopted agreement, product launches, expansions, mergers, and agreements to sustain the intense market competition. Key players profiled in the report include, BP PLC, Chevron Corporation, Ergon Inc., Evonik Industries AG, Exxon Mobil Corporation, H&R Ölwerke Schindler GmbH, Nynas AB, Petronas Pvt. Ltd., Royal Dutch Shell PLC, SK Lubricants Co. Ltd., and Total S.A.

Other market players (not profiled in report) in the value chain include Avista Oil AG, Calumet Specialty Products Partners Lp, GS Caltex Corporation, Lotos Oil SP. Z O.O., MOGoil GmbH, Neste Oil, PetroChina Company Limited, Repsol, Sinopec Group, and S-Oil Corporation.

Get Sample PDF Brochure of Base Oil Market Study at: https://www.alliedmarketresearch.com/request-sample/1547

Demand for oils in the automotive industry, especially from emerging countries, and stringent environmental legislation leading to strict performance standards drive the global base oil market. However, the fluctuating costs of crude oil and regulations concerning emission norms are expected to hamper the market growth in the future. The global shift from Group I base oils to Group II & III present numerous growth opportunities to market players.

The report segments the global base oil market based on type, application, and geography. The type segment is classified into group I, II, III, IV, and V. Based on application, the market is divided into industrial oil, metalworking fluids, hydraulic oil, greases, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2016, Group II and III segments collectively accounted for one-third market share. In terms of value, these types held approximately 36% share in the overall market. Group II is the top investment pocket in the base oil market, attributed to the replacement of Group I base oil owing to the increase in trend towards low and mid SAPS specifications (Sulfated Ash, Phosphorous, and Sulfur) and lighter viscosity grades. Thus, this segment is anticipated to provide high stability along with significant return on investment for the stakeholders, owing to its high growth rate and significant revenue contribution.

Buy Now at: https://www.alliedmarketresearch.com/checkout/720911

Asia-pacific Base Oil Market Analysis

Consumption of base oil in Asia-Pacific is expected to increase, owing to growth in industrial development, demand from the automotive industry, and stable economic growth. Emerging markets, such as China and India, are expected to witness the highest increase in demand for base oils during the forecast period. Substantial development in Group II and III base oils is anticipated to boost the market growth in this region.

Key Benefits for Stakeholders

• This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the base oil market.
• In-depth analysis of the market size is conducted, and estimations for key segments between 2014 and 2022 are provided.
• Competitive intelligence (of leading manufacturers and distributors) facilitates to understand the competitive scenario across the geographies.
• Factors that drive and restrain the growth of the market are provided in the report.
• Industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
• Market share for all segments with respect to each geography is detailed, which assists to understand the trends in the industry at the micro-level.
• Key market players are profiled and their strategies are analyzed thoroughly, which provides a competitive outlook of the industry trends.

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David C
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Base Oil Market 2016-2023 Business Analysis and Evolutionary Growth: BP PLC, Chevron Corporation, Ergon Inc, Evonik Industries AG, Exxon Mobil Corporation and More here

News-ID: 1651033 • Views: 284

More Releases from Allied Market Research

Blood Plasma Derivatives Market New Business Opportunities and Investment Resear …
UPDATE AVAILABLE ON-DEMAND The research report published by Allied Market Report states that the global blood plasma derivatives market is estimated to reach $44,333 million by 2023. The report provides an in-depth analysis of growth factors, opportunities, market trends, key segments, and competitive landscape. Current market conditions and the future scenario of various regions have been analyzed in the report to help market players in devising expansion strategies. Moreover, it includes
Medical Nonwoven Disposables Market Top Companies Analysis To Grow Your Business …
UPDATE AVAILABLE ON-DEMAND The research report published by Allied Market Report states that the global Medical Nonwoven Disposables market is estimated to reach $14,134 million by 2025. The report provides an in-depth analysis of growth factors, opportunities, market trends, key segments, and competitive landscape. Current market conditions and the future scenario of various regions have been analyzed in the report to help market players in devising expansion strategies. Moreover, it includes
Regenerative Medicine Market Size, Global Trends, Business Profiles and Forecast …
UPDATE AVAILABLE ON-DEMAND According to the report by Allied Market Research, the global regenerative medicine market is estimated to register a CAGR of 32.2% from 2017 to 2023. The research helps leading players and startups to devise new strategies based on current market trends and changing dynamics. Competitive landscape is mentioned in the report based on business segments, products portfolio, and strategic moves & developments of leading market players. Detailed segmentation
Cell-based Assay Market Global Industry Size, Share, Emerging Trends, Demand, Re …
UPDATE AVAILABLE ON-DEMAND According to a recent research report, the global cell-based assay market is expected to grow at a CAGR of 16.5% from 2017 to 2023. The market report offers an all-inclusive analysis of the fluctuating market trends, value chain assessment, major segments, Porter’s Five Forces study, business performance of the key market players, and competitive scenario in a number of provinces. The cell-based assay research report provides a thorough

All 5 Releases


More Releases for Oil

Base Oil Market
Base Oil Market Size Worth $ 48,347.04‬ Million By 2026 | CAGR: 1.2% The global Base Oil market size is expected to reach USD 48,347.04‬ million by 2026 according to a new study by WhipSmart MI Research. The report “Base Oil Market by Type (Group I, Group II, Group III, Group IV and Group V), by Application (Automotive Oil, Industrial Oil, Metalworking Fluid, Greases, Hydraulic Oil and Others) and By Regions,
Oil Refining Pumps Market |
The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela. The demand for
Oil Sands - Thematic Research
Oil Sands - Thematic Research Summary Oil sands, an unconventional hydrocarbon resource, holds vast growth potential for crude oil production amid declining output from maturing conventional fields and slowing pace of new discoveries. The oil sands deposits in Alberta, which are among the world's largest hydrocarbon reserves, are playing an influential role in driving the oil and gas industry in Canada. Despite facing severe backlash from environmentalists around the world, there has
Gingelly oil Market
https://www.qandqmarketresearch.com/reports/7431261/gingelly-oil-market-48 The global Gingelly oil market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Gingelly oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Gingelly oil market size by analyzing historical data and future prospect. Regionally, this report focuses on
Cottonseed Oil Market
Global cottonseed oil market is expected to grow at a steady rate as the product is used in processing of many food & beverage products. It has neutral flavour and is said to enhance the natural taste of food products in which they are used. Thus, they are used extensively for frying and baking purposes. Margarines, whipped toppings, icings, salads, potato chips & french fries, cereals, baked goods, stir-fried and
Automotive Gear Oil Market
Automobile gears (or cogs) are rotating machine part having cut teeth, or cogs which mesh with another toothed part in order to transmit torque. The arrangement of two or more gears forms automotive transmission system. Automotive gear oil can be petroleum or synthetic based, used especially for lubricating automotive gears for all class of vehicles. It provide high transmission efficiency, reduce engine heating, provides proper clutch friction, insure better oxidation