Press release
Base Oil Market to Reach US$ 41 Billion Globally by 2021
Florida, March 28: Market Research Engine has published a new report titled as “Base Oil Market by Product (Group I, Group II, III, IV, V) and by Application (Industrial Oils, Process Oils, Automotive Oils, Metalworking Fluids, Hydraulic Oils etc.) – Global Industry Analysis, Trends and Forecast 2016 – 2021”.The base oil market is expected to exceed more than USD 41 billion by 2021; Growing at a CAGR of about 1.0% between 2015 and 2021.
Browse Full Report:
https://www.marketresearchengine.com/reportdetails/base-oil-market
Base oil is used for creating many products such as metal processing fluids, motor oils and greases. The very essential part of base oil is viscosity, because different products need different property and composition in the oil. Base oil is created from chemical synthesis process or from crude oil by applying heat, when heating process is going hydrocarbons are separated which are heavy or light in weight. Petrol and other fuels are made from light hydrocarbon and base oil is produced from heavy one. It is suitable for making gear oil, premium engine oil and hydraulic oil
The major driving factors of base oilmarket are as follows:
Development in automotive business will raised requirement for finished lubricants.
Fast industrialization in rising economies drives the requirement for lubricants with different end user segmentation.
Stringent secretion principals resulting in modifying in lubricant formulation system.
The restraining factors of base oilmarket are as follows:
Reducing crude oil values affects the base oil revenues.
Gradual move to weight and sour crude oil through refiners will harmfully forces base oil production.
Download Free Sample Report:
https://www.marketresearchengine.com/requestsample/base-oil-market
The base oil market is segmented on the lines of its product, application and geography. Under product segmentation the base oil market covers Group I, Group II, Group III, Group IV and Group V. The base oil market is segmented on the lines of its application like industrial oil, hydraulic oil, grease, automotive oil and metalworking fluids. The base oil market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for base oil and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.
3) Identifications of new market opportunities and targeted promotional plans for base oil market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of base oil with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Exxon Mobile Corporation, Royal Dutch Shell plc, SK Lubricants Co. Ltd., and Chevron Corporation. Other market players profiled in this research report include British Petroleum plc, Sinopec Group, GS Caltex Corporation, MOGoil GmbH, PetroChina Company Limited, Phillips 66 Company, and S-Oil Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Base Oil Market has been segmented as below:
By Product Segment Analysis
Group I
Group II
Group III
Group IV
Group V
By Application Analysis
Automotive Oil
Industrial Oil
Metalworking Fluids
Hydraulic Oil
Greases
Others
By Regional Analysis
North America
Europe
Asia-Pacific
Rest of the World
Reasons to buy this Report:
1) Obtain the most up to date information available on all active and planned base oil industry globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution.
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.
Media Contact
Company Name: Market Research Engine
Contact Person: John Bay
Email: john@marketresearchengine.com
Phone: +1-855-984-1862, +91-860-565-7204
Website: https://www.marketresearchengine.com/
Address: 3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Base Oil Market to Reach US$ 41 Billion Globally by 2021 here
News-ID: 484323 • Views: …
More Releases from Market Research Engine Report
3D Printing Materials Market is Expected to Exceed USD 1400 Million by 2020
The 3 D Printing Materials Market is segmented based on material type, form and application. The 3 D Printing Materials Market is segmented based on material type as Plastics, Metals, Ceramics, Others. The 3 D Printing Materials Market is segmented based on form as Filament, Powder, Liquid. The 3 D Printing Materials Market is segmented based on application as Aerospace & defense, Medical & dental, Automotive, Consumer Goods,…
Titanium Dioxide Market is Expected to Reach US$ 21 Billion by 2021
The global titanium dioxide market by application is segmented as paints & coatings, pulp & paper, plastics, cosmetics and other applications. The market segments in terms of geographical regions include North America, Europe, Asia-Pacific and Rest of the World (ROW).
Browse Full Report @: https://www.marketresearchengine.com/reportdetails/titanium-dioxide-market
How Big is the Global Titanium Dioxide Market?
Global titanium dioxide market was accounted USD 15.5 billion in 2015. The revenue of this market is anticipated to increase…
IoT Healthcare Market in North America is Expected to Grow at CAGR of 43% by 202 …
The IoT healthcare market is divided into technologies and services. The technologies segment is again analyzed by network technologies and applications technologies. The network technologies are further segmented to short range technologies and long-range technologies which are equally vital top form a connected ecosystem of healthcare. The service market is analyzed by consulting, integration and maintenance. The solution segment contributes to a majority part of the market.
Browse Full Report…
Nonalcoholic Steatohepatitis (NASH) Market is Expected to Cross US$ 20.0 Billion …
The Nonalcoholic Steatohepatitis market is segmented on the lines of its Therapeutics such as GFT505, Obeticholic Acid (INT-747) Simtuzumab and Liraglutide (Victoza)Vitamin EPioglitazonePlacebo. The Nonalcoholic Steatohepatitis market geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Browse Full Report @: https://www.marketresearchengine.com/reportdetails/non-alcoholic-steatohepatitis-nash-market
How Big is the Global Nonalcoholic Steatohepatitis (NASH) Market?
Global Non-Alcoholic Steatohepatitis (NASH) market is expected to cross US$ 20.0 Billion by…
More Releases for Group
Transit Packaging Market Top Key Players - STI Group, Crown Cork Group, GWP Grou …
Freight transport in transit receives a wide range of vibrational intensities over a period of time. Based on the origin, destination and network of carriers, ocean-going vessels with aircraft will vibrate with the proper amplitude. Cargo handling and sorting operations contribute to lower levels of compressive force than movement in transit. The only exception to this is when the cargo moves in transit. This allows heavier packages to slip into…
Steel Billet Market Application Segment Analysis 2019 Leading Players: Baosteel, …
Steel Billet Market
Before steel products are sold on the market, the steel must first be processed into more functional pieces. Raw steel cannot be of use while in its pure form, thus it has to be cast into shape. The freshly made steel, which is still in the form of a metal bar or rectangle, is called steel billet.
We tend to believe this industry is a rising industry, and the…
White Spirits Market 2019 Wuliangye Kweichow Moutai Group Yanghe Brewery Daohuax …
As per global White Spirits market report for the period of 2018 to 2023, the White Spirits market is likely to reach an estimate of USD xx million at the end of the 2023 rising at the rate of CAGR xx% throughout the forecast period of 2019 to 2024. The global White Spirits market report covers an exhaustive understanding of the White Spirits that encompasses various important factors like the…
Automotive Metal Market ’size 2019 by Top Key Players: ArcelorMittal, China Ba …
The ‘Automotive Metal Market’ research report assembled by Market Study Report, LLC, provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.
This report focuses on the Automotive Metal in global market, especially in North America, Europe…
Steel Ingot Market Outlook and Forecasts 2018 to 2025 and Key Players: ArcelorMi …
The “Global Steel Ingot Analysis to 2025” is a specialized and in-depth study of the Steel Ingot industry with a focus on the global market trend. The report aims to provide an overview of global Steel Ingot with detailed market segmentation by component, type, application and geography. The global Steel Ingot market is expected to witness high growth during the forecast period. The report provides key statistics on the market…
Global LF Refined Steel market 2017 - HBIS Group, NSSMC Group, POSCO, Shagang Gr …
Apex Market Reports, recently published a detailed market research study focused on the "LF Refined Steel Market" across the global, regional and country level. The report provides 360° analysis of "LF Refined Steel Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LF Refined Steel industry, and estimates the future trend of…
