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Global Process Oils Market is Estimated to Reach $6.1 Billion by 2025, Says Accurize Market Research

08-28-2019 02:00 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Accurize Market Research

Global Process Oils Market

Global Process Oils Market

Global Process Oils Market report published by Accurize Market Research forecast that the global market is expected to reach $6.1 billion by 2025; growing at a CAGR of 3.9% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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.

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Market Segmentation

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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https://www.accurizemarketresearch.com/report/process-oils-market

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Wakad, Pune-411057
Tel: +1-339-368-6383
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Accurize Market Research, a research and consulting company providing syndicated as well as customized reports with precise analysisand future outlook. We work across several industries globally helping our customer plan their next strategic move. We at Accurize Market Researchbelieve in customer satisfaction and suggest them take strategic decisions regarding the present and future endeavors.

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