Press release
Naphthenic Base Oil Market is projected to become worth US$2,605.7 mn by 2025
Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=25412
Most players in this market are resorting to the inorganic growth route by engaging in profitable partnerships and consistent efforts for expanding their product portfolio.
Prominent participants in the global naphthenic base oil market include Nynas AB, Royal Dutch Shell Plc., Calumet Specialty Products Partners L.P., Ergon LLC, and Chevron Corporation.
According to the report, the market which stood at US$1,640.4 mn in 2016 is projected to be worth US$2,605.7 mn by the end of 2025, at a CAGR of 5.3% between 2016 and 2025.
Based on viscosity index, amongst all, 35-60 SUS segment held more than 30% market share in 2016. The segment is anticipated to gain with the rising demand for transformer oil and process oil over the forecast period. Among the key application segments, process oil and electrical oil segments are likely to gain significantly over the forecast period owing to the rising demand for hybrid and electric vehicles.
Geography-wise, North America held a significant share in the global naphthenic base oil market in 2016 followed by Asia Pacific.
Widespread Use in Several Formulations a Boon for Market
In recent years, naphthenic base oil has been gaining popularity due to its notable properties of high solvency, low wax, low pour point, and low aromatic content. Naphthenic base oils also known as pale oil are obtained by refining distillates of sweet crude oil at a pressure of 2500 psi by means of a hydro-treating multistage process. The low paraffin content and low aniline point characteristics of naphthenic base oil makes it ideal for applications that require high viscosity and high degree of solvency simultaneously. Due to this, naphthenic base oil is used in several formulations of gear oil, adhesives &sealants, process oil, plasticizers, and oil expender polymers which are used in various end-use industries such as automotive and industrial applications.
Read Report Overview @ https://www.transparencymarketresearch.com/naphthenic-base-oil-market.html
Rising Adoption of Hybrid and Electric Vehicles for Emission Concerns Benefits Market
The rising demand for hybrid and electric vehicles due to reduce emissions is expected to increase the demand for process oil and electrical oil significantly in the upcoming years. Further, the favorable physical properties of naphthenic base oil is leading to its increased demand in metal working fluid application. The swell properties and superior low temperature performance of naphthenic base oils make them ideal for formulating hydraulic fluids and transmission fluids. Moreover, naphthenic oils respond well to antioxidants and additives due to high solvency attributes.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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 Naphthenic Base Oil Market is projected to become worth US$2,605.7 mn by 2025 here
News-ID: 965627 • Views: …
More Releases from Transparecny Market Research
Global Microgrid Controller Market Forecast 2024-2034 - Market Size, Drivers, Tr …
The global microgrid controller market is witnessing significant growth as decentralized energy systems gain traction. Microgrid controllers, the nerve centers of microgrids, manage distributed energy resources (DERs), ensuring efficient energy distribution, storage, and consumption. These systems provide resilience, optimize costs, and integrate renewable energy sources like solar and wind into the grid seamlessly.
The market is projected to grow at a robust compound annual growth rate CAGR 12.8 from 2024 to…
Lithium Tantalate Crystal Market to hit USD 790 million by 2027, Says Transparen …
The Lithium Tantalate Crystal Market has been witnessing a substantial surge from 2019 to 2027, attributed to its diverse applications across various industries. Lithium Tantalate (LiTaO3) crystals find extensive usage in electronics, telecommunications, and optoelectronics owing to their exceptional piezoelectric and electro-optic properties.
Lithium Tantalate Crystal market is expected to reach a valuation of US$ 790 million by the end of the forecast period, which spans from 2019 to 2027. Additionally,…
North America Climbing Gym Market Size & Share to Surpass USD 1.9 billion by 203 …
The global North America Climbing Gym Market (سوق التسلق في أمريكا الشمالية) has been sailing through robust waters, witnessing a valuation of US$ 947.7 million in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2031. By the end of 2031, the industry is expected…
Multi-functional Printer Market is expected to grow at 7.2% of CAGR through 2023 …
The global Multi-functional Printer Market (複合機市場) has been sailing through robust waters, witnessing a valuation of US$ 31.2 billion in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$…
More Releases for Naphthenic
Naphthenic Oil Market Demand Analysis Report 2025
Global Info Research announces the release of the report "Global Naphthenic Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report provides a detailed overview of the Naphthenic Oil market scenario, including a thorough analysis of the Naphthenic Oil market size, sales quantity, average price, revenue, gross margin and market share.The Naphthenic Oil report provides an in-depth analysis of the competitive landscape, manufacturer's profiles, regional and…
Naphthenic Acid Market to Witness Robust Expansion by 2023
Naphthenic acid is mixtures of naturally occurring cycloaliphatic carboxylic acids. Crude naphthenic acids extracted from high acid crude oil are dark brown oily liquid. After refined, they become transparent yellow or orange liquid. In this report, we study the refined naphthenic acids and high-purity naphthenic acids.
LPI (LP Information)' newest research report, the "Naphthenic Acid Industry Forecast" looks at past sales and reviews total world Naphthenic Acid sales in 2022, providing…
Naphthenic Base Oil Market Analysis On Trends and Need 2031
𝐍𝐚𝐩𝐡𝐭𝐡𝐞𝐧𝐢𝐜 𝐁𝐚𝐬𝐞 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
Transparency Market Research delivers key insights on the global naphthenic base oil market. In terms of revenue, the global naphthenic base oil market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global naphthenic base oil market.
𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/naphthenic-base-oil-market.html
The global naphthenic base oil…
Naphthenic Base Oil Market Future Adoption Overview 2031
Naphthenic Base Oil Market: Introduction
Transparency Market Research delivers key insights on the global naphthenic base oil market. In terms of revenue, the global naphthenic base oil market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global naphthenic base oil market.
Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=25412
The global naphthenic…
Naphthenic Base Oil Market to Reap Excessive Revenues by 2027
Key Highlights
A recent research report published by Transparency Market Research projects the global naphthenic base oil market to expand at a CAGR of 5.5% during the period between 2019 and 2027. The report, titled "Naphthenic Base Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 - 2027," estimates the global naphthenic base oil to reach US$ 2.9 Bn by 2027, from US$ 1.8 Bn in 2018.
Read…
Naphthenic Acid Market nalysis, Technical Study and Business Opportunities to 20 …
This Global Naphthenic Acid Market report provides an all-inclusive environment analysis and market estimates. Similarly, the report provides the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Global Naphthenic Acid Market growth.
Along with the market overview, which includes the market dynamics the…
