Base Oil Market
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, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Demand for oils in the automotive industry rise over few years, mainly in the Asia Pacific and Europe regions, as a result of increasing population and consumer spending capacity. Growing production of automobiles and demand for the conventional and synthetic products are the key factors driving this industry.
Lubricating oils have traditionally been one of the most attractive areas in the oil and gas value chain, but disruption is on the horizon with the rise of electrification in the transport sector.
Potential applications in motor oils and automatic transmission system generating significant revenue are among key factors driving the base oil market growth. Rising demand for new automobiles accompanied by increasing awareness on existing automotive maintenance will propel the industry demand. High application scope for efficient heavy-duty motor oil (HDMO), passenger car motor oil (PCMO) along with gear oils has enhanced the market size.
In the global Base Oil market, the growth of the base oil market in North America can be attributed to increase in the demand for finished lubricants products from automotive industries in the region. The automotive oil is the biggest application in the North America base oil market.
The key players in the 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), and Hindustan Petroleum Corporation Limited or HPCL (India) among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart MI Market research has segmented the Base Oil market report on the basis of application, type and region
Base Oil Application Outlook (Revenue, USD Million, 2019 – 2026)
Base Oil Type Outlook (Revenue, USD Million, 2019 – 2026)
Base Oil Regional Outlook (Revenue, USD Million, 2019 – 2026)
Middle East & Africa
7264 Magistrate Terrace, Mississauga, Ontario L5W 1H8, Canada
About Whipsmart MI
"Whipsmart MI" provides fact-based consulting services to B2B and B2C market to help our clients to achieve incremental
and transformational growth competing in their nieche Market.We facilitate their growth journey through an environment
that is dominated by accelerating change, constant evolution of new business models, disruptive trends and technologies
in their respective industry.
WhipSmart white papers are well researched and written by specialists who understand the strategic perspective of the industry
well and help get the right context and relevance.
About Market Bytes
The Whipsmart Market bytes platform is created specifically for B2B & B2C players with consideration of the market knowledge
and interest.With over 4,000 titles to choose from diverse industries, the coverage is comprehensive and the data is updated
every quarter. Whipsmart uses comples AI based algorithms to gather economic intelligence from different agencies across
the globe, combines them with primary information sources and builds projections that are accurate and dependable.
With multiple download options and the flexibility to source almost any kind of intelligence on demand as per market interest.
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 Base Oil Market here
News-ID: 2164307 • Views: 720
More Releases from Whipsmart MI
The Antifog Additives Market Detailed Analysis Of Current Industry Trends, Growt …
Summary: According to the new market research report “Antifog Additives Market” is published by Whipsmartmi.com Keywords: antifog additives market, antifog additives industry, antifogging property report, antifog additives applications market, antifog additives report The Antifog Additives Market is projected to grow at a CAGR 3.19% rate during the forecast period. Surging demand from the end use industries such as food packaging and agriculture is leading the growth of the market. Increasing demand for packaged food
The 3D printing materials market Detailed Analysis Of Current Industry Trends, G …
Summary: According to the new market research report “3D printing materials market” is published by Whipsmartmi.com Keywords: 3d printing materials market, 3d printing materials industry, 3D printing materials report, 3D printing market, 3D printing technology market, 3D printing report The 3D printing materials market is estimated to grow at a CAGR 21.08% rate during the forecast period. Higher demand from the aerospace & defense, healthcare, and automotive industries is expected to drive the overall
The Highway Driving Assist Market Detailed Analysis Of Current Industry Trends, …
Summary: According to the new market research report “Highway Driving Assist Market” is published by Whipsmartmi.com Keywords: highway driving assist market, highway driving assist industry, highway driving assist market, highway driving assist system market, Highway Traffic Safety Administration report, passenger car in highway driving assist market The Global Highway Driving Assist Market size is projected to grow at a CAGR 21.58% rate during the forecast period. Increase in road safety, advancement in ADAS, and
The Vehicle Electrification Market Detailed Analysis Of Current Industry Trends, …
Summary: According to the new market research report “Vehicle Electrification Market” is published by Whipsmartmi.com Keywords: Vehicle Electrification Market, vehicle electrification industry, vehicle electrification report, Plug-in hybrid electric vehicle (PHEV) market, vehicle electrification market, ICE vehicles market, BEVs report, HEVs report, PHEVs report, vehicle hybridization report, vehicle electrification products market The Vehicle Electrification Market is projected to grow at a CAGR 10.09% rate during the forecast period. Owing to various benefits offered by electrification
More Releases for Oil
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
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Global Base Oil Market 2016: by Application - Automotive Oil, Industrial Oil, Me …
Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil have a high boiling point ranging between 550F to 1050F. Base oil can be either paraffinic or naphthenic in nature depending on the chemical structure of the molecules. Go For Sample Report @ http://bit.ly/2bSaaNb Increasing usage of automotive oil for various lubricating applications in
23rd Africa Oil Week
While the African Continent continues to attract a steady stream of oil and gas commitments in its fast-growing oil, gas-LNG and energy industry, our landmark Africa Oil Week 2016 event will again showcase Africa’s Governments, National Oil Companies, Licensing Agencies and corporate players shaping the continent’s future – in exploration and production/development, across new frontiers and established basins; onshore in the Rifts and offshore in the shelf and deep-water, providing