Global Paraffinic Process Oil Industry poised for strong growth through 2021

Albany, New York, November 02, 2016: Market Research Hub has recently added a new research and forecast report, titled “Global Paraffinic Process Oil Industry 2016, Trends and Forecast Report”. It is a professional and in-depth study on the current state of the paraffinic process oil market. The paraffinic process oil market study analyzes key regions including North America, Europe and Asia. For these regions, market size and end users are also analyzed. Key countries involved in this market are United States, Germany, China and Japan.

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The report offers a brief overview on the industry along with its definition, classification and segmentation. Paraffinic oils are refined using either a solvent extraction method or through a hydrocracking process. Paraffinic oils are generally light in color and have high viscosity range, higher aniline & flash point. They are widely used in the manufacturing of butyl tubes, EPDM based rubber products, such as profiles, hose pipe & automotive components. These oils are particularly good in applications needing low color with stability or in high heat environments.

Further, the segmentation of the market is divided by types, such as solvent extracted and hydrocrack paraffinic oil. Solvent extracted paraffinic oils are normally 90-95 VI oils that have high flash points, good color constancy, low volatility, and a saturate level of 75-93 VI. Hydrocracked paraffinic oils have a slightly higher flash than solvent extracted oils with slightly lower volatility, clear in color and a saturate level of 98-99 VI. Highly refined oils produced by blending of judiciously selected base stocks manufactured by the distillation, solvent extraction & dewaxing of high paraffinic crude. They have low solvency and high aniline point with low aromaticity, excellent colour & thermal constancy.

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Then we deeply analyzed the world's main region market conditions that including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. for the future growth prospects in the future years. Leading players of the process oil industry, mentioned in the report are,

• Royal Dutch Shell plc
• Chevron Corporation
• Petronas Lubricants Belgium NV

In the end, the report introduced paraffinic process oil new project SWOT analysis, new project investment feasibility analysis, and investment return analysis. The new entrants who are interested in paraffinic process oil industry will gain an understanding of the rubber process oil industry in terms of the vital markets, end-use industries, growth drivers, and opportunities.

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This release was published on openPR.