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(2021-2030) Base Oil Market Statistical Data Analysis, Major Key Players : Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell Plc.
Base Oil Market
The countries covered in the global base oil market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global base oil market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The base oil market consists of sales of base oil by entities (organizations, sole traders, and partnerships) that are produced from refining crude oil or synthetic material. It is the most commonly used lubricating oil. Base oil is classified as hydrocarbons with 18 to 40 carbon atoms that have a boiling point between 550 and 1050 F. The various products such as lubricating oils, motor oil, metal processing fluids, and others are manufactured with the help of base oils.
The global base oil market is expected to grow from $27.39 billion in 2020 to $27.95 billion in 2021 at a compound annual growth rate (CAGR) of 2.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The base oil market is expected to reach $36.64 billion in 2025 at a CAGR of 7%.
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The global base oil market is segmented -
1) By Type: Mineral, Synthetic, Bio-Based
2) By Group: Group I, Group II, Group III, Group IV, Group V
3) By Application: Automotive Oil, Industrial Oil, Metalworking Fluid, Greases, Hydraulic Oil, Others
Major players in the base oil market are Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell Plc., Ergon Inc., Neste Oyj, Nynas AB, S-OIL CORPORATION, Sepahan Oil, Repsol S.A., Sinopec Limited, BP PLC, H&R Group, Saudi Aramco, and SK Lubricants Co. Ltd.
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The Table of Contents includes:
1. Executive Summary
2. Base Oil Market Characteristics
3. Base Oil Market Trends And Strategies
4. Impact Of COVID-19 On Base Oil
5. Base Oil Market Size And Growth
.....
26. Africa Base Oil Market
27. Base Oil Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Base Oil Market
29. Base Oil Market Future Outlook and Potential Analysis
30. Appendix
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