Process Oil Market to Witness CAGR of 3.7% Rise in Value Share by 2025

The global process oils market size is expected to grow by 1.3x to 1,058,598 metric tons by the end of 2017 and to 1,314,570 metric tons by 2025, increasing at a CAGR of 3.7%.

In a new report titled  "Process Oils Market : Global Industry Analysis (2012-2016) and Forecast (2017-2025)"  , our analysts noted significant growth potential in the Asia-Pacific region. Demand for process oils has increased in APAC countries such as India, China and South Korea. As the process oil market consolidates, investment in product development by major manufacturers can create significant opportunities for end-use industries. As the demand for automobiles increases noticeably, the demand for consumer goods and other rubber products is also expected to increase.

We also noted that the APAC region, particularly China, India, South Korea and Japan, will contribute the largest volume in the global process oils market and is expected to grow over the forecast period. Europe has a high market share and good growth potential, followed by North America. MEA and Latin America will collectively record moderate growth. In addition to regional market growth, key market players are increasing their manufacturing facilities and strengthening their R&D portfolios to meet growing market demand.

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Forecast assumptions and market size

When developing market forecasts, we start by sizing the current market, which forms the basis for forecasting how the market is expected to perform in the future. We considered the weighted average selling price (ASP) per product to derive market value at the regional level.

We used a top-down approach to obtain market figures, and a bottom-up approach to disprove market estimates. Macroeconomic indicators such as GDP, manufacturing sector growth, world trade statistics and final household spending were taken into account. All values ​​for market size are US$ Mn (million dollars) and volume data is in units.

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Report structure

We have given a detailed overview of the global process oils market. In general, to obtain a clear picture of the market, changing dynamics of the oil production market have been taken into account. The report also highlights recent key industry trends and developments, key players' market strategies and product offerings, market segmentation, and market size in terms of volume and value.

The report also comprises historical demand trends, oil market growth rates, financial performance of major companies in the five regions, macroeconomic indicators such as GDP and population growth, commodity production trends, commodity trade, synergistic impacts, and more. Disposable. Revenue trends and commodity prices. Additionally, market definition, types and applications of process oils, supply and demand side drivers, restraints, opportunities, trends, and other factors affecting the market have been included in the report. Exclusively available in the worldwide process oil market.

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Research methodology

We have taken a systematic research approach while studying the global process oil market. In-depth secondary research is used to reach overall market size, key industry players, top products, and industry associations. Our analysts have compiled detailed discussion guides to conduct interviews with experts and industry.

We conducted extensive interviews with industry experts, industry players, distributors and retailers. Data is validated using a triangulation method with Persistence Market Research analysis, where primary and secondary research data contribute to the final data. We also analyze various companies' annual reports, investor filings, SEC filings, and press releases to obtain critical information on market size, trends, opportunities, drivers, restraints, and other factors. Influencing the global market for process oils.

Companies
Behran Oil Co
Ergon Inc.
San Joaquin Refining Co., Inc.
Chevron Corp
Meiwa Corporation
Exxon Mobil Corporation
Nynas AB
Idemitsu Kosan Co., Ltd.
Calumet Specialty Products Partners, L.P.
Total S.A.
Hindustan Petroleum Corporation Limited
Royal Dutch Shell plc.
Petroliam Nasional Berhad (PETRONAS)
ORGKHIM BIOCHEMICAL HOLDING
Lubline
Avista Oil AG
Savita Oil Technologies Ltd.
Panama Petrochem Ltd
Apar Industries Limited
Raj Petro Specialties P. LTD.
Others.

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This release was published on openPR.