openPR Logo
Press release

Key Insights of “Base Oil Market” to 2024 - Dominated by North America and Europe Region

10-08-2020 12:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Base Oil Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2024.

Get Free Sample Report @

The Base Oil Market is projected to grow from USD 33.7 Billion in 2019 to USD 39.6 Billion by 2024, at a CAGR of 3.3% from 2019 to 2024. This report spread across 480 Pages, Profiling 27 Companies and Supported with XX Tables and XX figures are now available in this research.

Top Key Players Profiled in the Base Oil Market:
• Chevron Corporation (US)
• Exxon Mobil Corporation (US)
• S-OIL Corporation (South Korea)
• Motiva Enterprises LLC (US)
• SK innovation Co.Ltd. (South Korea)
• Royal Dutch Shell plc (Netherlands)
• Neste Oyj (Finland)
• AVISTA OIL AG (Germany)
• Nynas AB (Sweden)
• Repsol S.A. (Spain)
• Ergon Inc. (US)
• Calumet Specialty Products Partners L.P. (US)
• H&R Group (Germany)
• Sinopec Corp. (China)
• PetroChina Company Limited (China)
• Saudi Aramco (Saudi Arabia)
• Abu Dhabi National Oil Company (ADNOC) (UAE)
• PT Pertamina (Persero) (Indonesia)
• Phillips 66 (US)
• Petroliam Nasional Berhad (PETRONAS) (Malaysia)
• GRUPA LOTOS S.A. (Poland)
• Sepahan Oil (Iran)
• GS Caltex Corporation (South Korea)
• Hindustan Petroleum Corporation Limited or HPCL (India)

Access full report with all information @

Based on group, the Group II segment accounted for the largest share of the base oil market in 2018. Group II base oil is used in a multitude of applications, such as marine and gas engines, in trunk piston engine oils, and other applications in the base oil industry. The high consumption of Group II base oil is mainly attributed to its higher performance and affordability in comparison to the other groups of base oil.

Based on application, the automotive oil segment led the base oil market in 2018. The growth of this segment can be attributed to increasing population and rise of the automotive sector in developing countries of the Asia Pacific region.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%
• By Designation: C-level Executives – 33%, Directors – 33%, and Managers – 34%
• By Region: North America – 20%, Europe – 25%, Asia Pacific – 25%, the Middle East & Africa- 20%, and South America – 10%

Competitive Landscape of Base Oil Market:
1 Introduction
2 Market Structure and Dive Matrix
3 Company Market Share in Base Oil Market
4 Competitive Situation & Trends

Any Doubt or Need Customization Report @

Reason to access tis report:
This report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the base oil market and its segments. The report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies.

Contact: / Call +1 888 391 5441

About Us:-
ReportsnReports provides you the further information and more details with intelligence needs for your business. Access to in-depth market trends helps companies to assess the market effectiveness. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

This release was published on openPR.

Permanent link to this press release:

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 Key Insights of “Base Oil Market” to 2024 - Dominated by North America and Europe Region here

News-ID: 2152220 • Views: 259

More Releases from ReportsandReports

French Gaming Market 2020, Key Players, Demands, Trends, Growth Rate, Impact of …
French gaming market is estimated to reach US$13.16 billion in 2024, growing at a CAGR of 2.29% for the period spanning from 2020 to 2024. The factors such as rising number of smartphone users, increasing demand for internet of things, strong mobile gaming growth, growth of sports events and growing online sports betting are expected to drive the market. However, growth of the industry will be challenged by stringent government
Recent Analysis of Followspots Market | Robert Juliat, LYCIAN, Phoebus, Proel an …
Latest research report on "Followspots Market 2020 Global Research Report" now available at high quality database of with market size, share, trends, competitive and statistical analysis. Get Free Sample PDF (including full TOC, Tables and Figures) of Followspots Market: #Key Players- Robert Juliat, LYCIAN,Phoebus, Proel, GRIVEN, Coemar Lighting, Leviton, Teclumen and more. Market Segment by Type: - Discharge Lamp - Halogen Bulb - LED Lamp - Xenon Lamp - Others Market Segment by Application: - Concerts - Musicals -
Whipped Cream Dispensers Market to Witness Huge Growth by Key Players: Otis Clas …
Latest research report on "Whipped Cream Dispensers Market 2020 Global Research Report" now available at high quality database of with market size, share, trends, competitive and statistical analysis. Get Free Sample PDF (including full TOC, Tables and Figures) of Whipped Cream Dispensers Market: #Key Players- Otis Classic, ZOEMO, EurKitchen, Chef's Brand, Tesor, Mobright, Gorgeous, iSi Group and more. Market Segment by Type: Aluminum Dispenser Stainless Steel Dispenser Others Market Segment by Application: Restaurant Café Residence Others Ask For
Ventilators Market Grow By Leading Industry Players Philips Healthcare, ResMed I …
The report titled “Ventilators Market Report” sheds a concentrated focus on the Ventilators industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market. Get Free Sample Report @ Growth in this market is driven by the outbreak of the covid-19 pandemic, high prevalence of respiratory diseases, rapid growth in the geriatric population, increasing

All 5 Releases

More Releases for Base

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,
LiDAR Market - Massive consumer base 2025
Global LiDAR Market: Snapshot The global LiDAR market is predicted by seasoned market analysts to expect high growth prospects taking birth on the back of leading applications such as meteorology, cartography, urban planning, exploration, driverless cars, advanced driver assistance systems (ADAS), engineering, and corridor mapping. Amongst all of these applications, the demand for LiDAR could be considerably improved by the rising usage of corridor mapping in roadways mapping. The swelling demand
Base Oils Market Research Report : 2017-2022
Reports And Markets Publish a New Market Research Report On –"Base Oils Market - Segmented by API Classification, By Final Product Type, By End-user, and Geography - Trends and Forecasts (2017 - 2022)" Access Full Report With Table Of Contents @ Key Deliverables in the Study Market analysis for the Global Base Oils Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification
Jankel Reaffirms UK as Major Production Base
Jankel Armouring Ltd, the world-class protection systems specialist, has increased its UK production facility and its workforce as a result of growth in projects around the world. The company is expanding its Small Dole facility in West Sussex just 18 months after opening a manufacturing division at the site. This expansion puts the company’s UK production at the heart of the global company’s operation, with the majority of all production now
ViewSonic expands service center base in India
Adds 26 new service locations pan India New Delhi, December, 14, 2007 - ViewSonic ® Corporation, a leading global provider of visual display products today announced the opening of 26 new service locations across all major cities in India. The initiative is a part of the company’s strategy to strengthen existing after-sales service infrastructure and offer quality service support across India. The company decided to add 26 new locations to
TheCuteKid™ Membership Base Crosses 600,000
The CuteKid™ today announced that the number of registered members at has grown to over 600,000. Greg Byrnes, VP (Marketing) mentioned “We have received more than 500% increase in the number of registered members in one year. It is our goal to register 1 million members by March ’07 and are on track to achieve this goal. This will make us the largest parent focused community revolving around