Base Oil Market is Projected to Exceed USD 41 Billion By 2021

Segmentation of Base Oil Market

Base Oil Market is segmented on the bases of products, application and geography. The product line segmentation of base oil market includes Group I, Group II, Group III, Group IV and Group V. On application front base oil segmentation include By Application Analysis, Industrial Oil, Hydraulic Oil, Automotive Oil, Greases, Metalworking Fluids and Others. Geographically base oil market can be segmented By Regional Analysis, Europe, North America, Asia-Pacific, Latin America, Africa and Middle East. All these geographic market segments are further segmented to provide revenues to countries like U.S., U.K. Brazil, Germany, Canada, Japan, China, India and GCC countries.

It is estimated that by 2021 the Base Oil Market will cross more than USD 41 billion and in between year 2015 and 2021 the CAGR will grow up to almost 1.0 percent.

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Base oil is a very essential component used for making various products like motor oils, greases and processing fluids for metals. One of the most important aspects of base oil is its viscosity this is because different products created with base oil have different composition in the oil as well as different properties. Base is manufactured either by chemical synthesis or by heating crude oil at a specific temperature. Hydrocarbons are separated from crude oil when it heated at a specific temperature; these hydrocarbons are either light or heavy in weight. Petrol and other forms of fuel are made from light weight hydrocarbons whereas base oil is created from heavy weight hydrocarbons. In addition to base oil, heavy hydrocarbons are also used for making premium engine oil, hydraulic oil and gear oil.

Report Provides Analysis of Base Oil Market on Global Level
Report provides a comprehensive overview of base oil in global market and other related technologies. It also provides details of global market trends from 2013 to 2015 and forecast of CAGRs through 2020. Market opportunities and promotional strategies for base oil market. Report showcases the current as well as the upcoming demand for new products and application in the market.

Key Players of Base Oil Market

Key players of Base oil market are Exxon Mobile Corporation, Chevron Corporation, Royal Dutch Shell plc and SK Lubricants Co. Ltd. Some other players in the industry include Sinopec Group, MOGoil GmbH, Phillips 66 Company, S-Oil Corporation, GS Caltex Corporation and PetroChina Company Limited.

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Growth Forecast of Base Oil in Global Market

Factors contributing in the growth of base oil market include the considerable development in the automotive industry which will increase the demand for different lubricants. The fast pace industrialization with rising economies is enhancing the demand for lubricants among different market segments. Stringent secretion principals have ultimately resulted in transforming the lubricant formulation system. Restraining factors affecting base oil market include fall in the values of crude oil affecting the revenue of base oil. Further, base oil production is adversely affected because of gradual move in the production of crude oil from refiners.

Table of Contents

1 INTRODUCTION
2 Research Methodology
2.1 Assumptions
2.2 Scope
2.3 Global Base Oil Market, Research Design
2.4 Research Methodology
2.5 Integrated Ecosystem of the Global Base Oil Market
2.6 Arriving at the Global Base Oil Market
2.7 Demand Side Approach
2.8 Supply Side Approach
2.8.1 Key Industry Insights
2.8.2 Key Data From Secondary Sources
2.8.3 Key Data From Primary Sources
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Base Oil Market, By Type
8 Global Base Oil Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
11.1 Geographic Mix of Key Market Players
11.2 Royal Dutch Shell PLC
11.3 Chevron Corporation
11.4 Neste Oil
11.5 Avista Oil AG
11.6 Nynas AB
11.7 Petronas
11.8 Repsol
11.9 Evonik Industries
11.10 Lotos Oil SP. Z O.O.
11.11 Ergon Inc.
11.12 Calumet Specialty Products Partners Lp
11.13 Exxon Mobil Corporation
11.14 Total S.A.
11.15 H&R Ölwerke Schindler GmbH

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