Press release
Global Light Cycle Oil Market Insights, Forecast to 2028
Light cycle oil is developed by refined high viscosity index mineral base oil and anti-oxidation, anti-rust and wear additives. Has good thermal stability and excellent corrosion resistance, which is beneficial to prolong the life of the bearingMarket Analysis and Insights: Global Light Cycle Oil Market
Due to the COVID-19 pandemic, the global Light Cycle Oil market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.
Fully considering the economic change by this health crisis, Gasoline accounting for % of the Light Cycle Oil global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.
While Ship segment is altered to an % CAGR throughout this forecast period.
China Light Cycle Oil market size is valued at US$ million in 2021, while the US and Europe Light Cycle Oil are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.
As for the Europe Light Cycle Oil landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Light Cycle Oil include Ningbo Energy Group, SK, Saudi Arabian Oil Company, National Iranian Oil Company, Exxon Mobil, BP, TOTAL, Chevron Corporation and Sinopec and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Light Cycle Oil capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
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Segment by Type
Gasoline
Kerosene
Diesel Fuel
Segment by Application
Ship
Mining Machine
Automobile
Others
BY COMPANY
Ningbo Energy Group
SK
Saudi Arabian Oil Company
National Iranian Oil Company
Exxon Mobil
BP
TOTAL
Chevron Corporation
Sinopec
Royal Dutch Shell Plc
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
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