Base Oil Market is Expected to Get US$ 41 Billion Globally By 2021

The global base oil market is expected to reach more than US$ 41 billion by 2021 and is projected to register a compound annual growth rate (CAGR) of 1.0% during the forecast period. Some of the major factors driving the base oil market are developments in the automotive sector and rapid industrialization in emerging economies. In addition, stringent secretion rules are resulting in the modification of lubricant formulation system which is expected to drive the base oil market. However, the decline in crude oil prices and a gradual shift to weight and sour crude oil through refineries are expected to hamper the growth of the base oil market.

In this report, the global base oil market is segmented by product, application, and region. The market on the basis of product is segmented into Group I, Group II, Group III, Group IV, and Group V. On the basis of application, the market is segmented into automotive oil, industrial oil, metalworking fluids, hydraulic oil, greases, and others.

The global base oil market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional base oil market and analyzes the variations in the growth of the industry in certain regions.

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Exxon Mobile Corporation, Royal Dutch Shell Plc, SK Lubricants Co. Ltd., and Chevron Corporation, British Petroleum Plc, Sinopec Group, GS Caltex Corporation, MOGoil GmbH, PetroChina Company Limited, Phillips 66 Company, and S-Oil Corporation are the most active players in the base oil market.

This report covers the base oil market, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global base oil market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The deep-dive study on the base oil market will help customers with the identification of new market opportunities and targeted promotional plans. The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2021. A glimpse of the report structure is provided in the report description available on the website.

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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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