Base Oil Market is Expected To Be Worth US$ 41 Billion by 2021

New York, March 06, 2018: 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 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.

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.

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The major driving factors of base oil market 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 oil market 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.

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.

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.

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Table of Contents
1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Global Base Oil Market, By Region, 2014 (USD Million)
5.3 Global Base Oil Market, By Application, 2014 (USD Million)
5.4 Drivers, Restraints, and Opportunities
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


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.

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