Global Process Oils Market is Estimated to Reach $6.1 Billion by 2025, Says Accurize Market Research
Rising demand for energy along with growing part of renewables in power generation across the globe to drive the growth of the market
The huge demand of the process oil in the automotive sector fuels the demand for the global process oils market. Furthermore, growing investments in the tire industry in several emerging countries also boost the growth of the market.
The global process oil market has been bifurcated on the basis of type, application, and geography. By type, the segmentation is given asnaphthenic, paraffinic, aromatic, and non-carcinogenic. By application, the segmentation is given astires & rubber, polymers, personal care products, textiles, and others.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Gazprom, GpPetroleums Ltd, Hindustan Petroleum Corp. Ltd., Hollyfrontier Lubricants and Specialty Products, Idemitsu Kosan Co. Ltd., Iranol Co, Jxtg Nippon Oil & Energy Corp, Lanxess Process Oil, NynasAb and Lukoilamong others.
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