Press release
Global Base Oil Market is Expected Rise at a CAGR of 1.4% from 2014-2021
Base Oil Market
Browse full report here http://www.marketresearchengine.com/reportdetails/global-base-oil-market-research-report
Base oils are heavy hydrocarbons of refined crude oil. It is important in the production of its derivative oil products such as motor oil, metal processing fluids and lubricating greases. Chemical additives are auxiliary to these end products’ quality requirement. Base oils are classified based on its refining method and properties into Group I to Group V. Group I comprise of conventional paraffinic base oils. Groups II and III include pure paraffinic base oils owing to advanced technology. Group IV contains of synthetic oils, whereas Group V comprises naphthenic oils and others.
Group I base oils are the leading product that are further segmented into SN150, BS150, SN500, and others. Group II base oils include 150N, 500N, 600N, and others. Group III baseoils are bifurcated into 2cSt, 4cSt, 6cSt, and 8cSt. Group IV and Group V base oils are included in others. Global base oils market finds applications in automotive oils, industrial oils, process oils, metalworking fluids, hydraulicoils, and others including greases. Automotive oils are the major application segment in terms of demand in the global base oil market.
Owing to quality Group I base oils are been dominated by Group II and Group III base oils. Leading companies in the global base oil market are ExxonMobil Corporation, BP plc, Chevron Corporation, GS Caltex Corporation, MOGoil GmbH, Phillips 66 Company, PetroChina Company Ltd., Royal Dutch Shell plc, SK Lubricants Co. Ltd., Sinopec Corporation, and S-Oil Corporation.
Market Research Engine is involved in providing research reports and company profiles in the global base oil market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The base oil market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our base oil profiles.
SEGMENTATION'S IN REPORT:
Base Oil by Products:
1. Group I Base Oil
• SN150
• BS150
• SN500
• Others
2. Group II Base Oil
• 150N
• 500N
• 600N
• Others
3. Group III Base Oil
• 2cSt
• 4cSt
• 6cSt
• 8cSt
4. Other Base Oil
Base Oil by Applications:
• Automotive Oils
• Industrial Oils
• Process Oils
• Metalworking Fluids
• Hydraulic Oils
• Others
Base Oil by Geography:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East and Africa
About MarketResearchEngine.com
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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