Press release
Base Oil Market
Base Oil Market Size Worth $ 48,347.04 Million By 2026 | CAGR: 1.2%The global Base Oil market size is expected to reach USD 48,347.04 million by 2026 according to a new study by WhipSmart MI Research. The report “Base Oil Market by Type (Group I, Group II, Group III, Group IV and Group V), by Application (Automotive Oil, Industrial Oil, Metalworking Fluid, Greases, Hydraulic Oil and Others) and By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The unique COVID impact assessor from WhipSmart MI takes inputs such as economic growth forecasts, industry outlooks, analyses churned out by various global agencies such as IMF, World Bank, OECD along with covid indicators such as infection rates, death rates, vaccine news to assess how the growth rate for markets will change over the next two years – 2020 & 2021. These dashboards are updated every quarter and are available for 4000+ markets.
Demand for oils in the automotive industry rise over few years, mainly in the Asia Pacific and Europe regions, as a result of increasing population and consumer spending capacity. Growing production of automobiles and demand for the conventional and synthetic products are the key factors driving this industry.
Lubricating oils have traditionally been one of the most attractive areas in the oil and gas value chain, but disruption is on the horizon with the rise of electrification in the transport sector.
Potential applications in motor oils and automatic transmission system generating significant revenue are among key factors driving the base oil market growth. Rising demand for new automobiles accompanied by increasing awareness on existing automotive maintenance will propel the industry demand. High application scope for efficient heavy-duty motor oil (HDMO), passenger car motor oil (PCMO) along with gear oils has enhanced the market size.
In the global Base Oil market, the growth of the base oil market in North America can be attributed to increase in the demand for finished lubricants products from automotive industries in the region. The automotive oil is the biggest application in the North America base oil market.
The key players in the market Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL Corporation (South Korea), Motiva Enterprises LLC (US), SK innovation Co., Ltd. (South Korea), Royal Dutch Shell plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart MI Market research has segmented the Base Oil market report on the basis of application, type and region
Base Oil Application Outlook (Revenue, USD Million, 2019 – 2026)
Automotive Oil
Industrial Oil
Metalworking Fluid
Greases
Hydraulic Oil
Others
Base Oil Type Outlook (Revenue, USD Million, 2019 – 2026)
Group I
Group II
Group III
Group IV
Group V
Base Oil Regional Outlook (Revenue, USD Million, 2019 – 2026)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Asia Pacific
Japan
Korea
Latin America
Mexico
Brazil
Colombia
Middle East & Africa
Saudi Arabia
Israel
7264 Magistrate Terrace, Mississauga, Ontario L5W 1H8, Canada
+1 5102005090
About Whipsmart MI
"Whipsmart MI" provides fact-based consulting services to B2B and B2C market to help our clients to achieve incremental
and transformational growth competing in their nieche Market.We facilitate their growth journey through an environment
that is dominated by accelerating change, constant evolution of new business models, disruptive trends and technologies
in their respective industry.
WhipSmart white papers are well researched and written by specialists who understand the strategic perspective of the industry
well and help get the right context and relevance.
About Market Bytes
The Whipsmart Market bytes platform is created specifically for B2B & B2C players with consideration of the market knowledge
and interest.With over 4,000 titles to choose from diverse industries, the coverage is comprehensive and the data is updated
every quarter. Whipsmart uses comples AI based algorithms to gather economic intelligence from different agencies across
the globe, combines them with primary information sources and builds projections that are accurate and dependable.
With multiple download options and the flexibility to source almost any kind of intelligence on demand as per market interest.
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 here
News-ID: 2164307 • Views: …
More Releases from Whipsmart MI
The Antifog Additives Market Detailed Analysis Of Current Industry Trends, Growt …
Summary:
According to the new market research report “Antifog Additives Market” is published by Whipsmartmi.com
Keywords:
antifog additives market, antifog additives industry, antifogging property report, antifog additives applications market, antifog additives report
The Antifog Additives Market is projected to grow at a CAGR 3.19% rate during the forecast period. Surging demand from the end use industries such as food packaging and agriculture is leading the growth of the market. Increasing demand for packaged food…
The 3D printing materials market Detailed Analysis Of Current Industry Trends, G …
Summary:
According to the new market research report “3D printing materials market” is published by Whipsmartmi.com
Keywords:
3d printing materials market, 3d printing materials industry, 3D printing materials report, 3D printing market, 3D printing technology market, 3D printing report
The 3D printing materials market is estimated to grow at a CAGR 21.08% rate during the forecast period. Higher demand from the aerospace & defense, healthcare, and automotive industries is expected to drive the overall…
The Highway Driving Assist Market Detailed Analysis Of Current Industry Trends, …
Summary:
According to the new market research report “Highway Driving Assist Market” is published by Whipsmartmi.com
Keywords:
highway driving assist market, highway driving assist industry, highway driving assist market, highway driving assist system market, Highway Traffic Safety Administration report, passenger car in highway driving assist market
The Global Highway Driving Assist Market size is projected to grow at a CAGR 21.58% rate during the forecast period. Increase in road safety, advancement in ADAS, and…
The Vehicle Electrification Market Detailed Analysis Of Current Industry Trends, …
Summary:
According to the new market research report “Vehicle Electrification Market” is published by Whipsmartmi.com
Keywords:
Vehicle Electrification Market, vehicle electrification industry, vehicle electrification report, Plug-in hybrid electric vehicle (PHEV) market, vehicle electrification market, ICE vehicles market, BEVs report, HEVs report, PHEVs report, vehicle hybridization report, vehicle electrification products market
The Vehicle Electrification Market is projected to grow at a CAGR 10.09% rate during the forecast period. Owing to various benefits offered by electrification…
More Releases for Oil
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with…
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to…
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.…
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally.
Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and…
