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 expected to exceed more than USD 42 billion by 2024; Growing at a CAGR of about 1.0% between 2018 and 2024.
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This report provides:
An overview of the global market for base oil and related technologies.
Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
Identifications of new market opportunities and targeted promotional plans for base oil market.
Discussion of research and development, and the demand for new products and new applications.
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.
The scope of the report includes a detailed study of global and regional markets for various types of base oil market with the reasons given for variations in the growth of the industry in certain regions.
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 has been segmented as below:
The Base oil market is segmented on the basis of its Product Segment Analysis, Application Analysis and Regional Analysis. By Product Segment Analysis this market is segmented on the basis of Group I, Group II, Group III, Group IV and Group V.
By Application Analysis this market is segmented on the basis of Automotive Oil, Industrial Oil, Metalworking Fluids, Hydraulic Oil, Grease and Others. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia Pacific and Rest of World.
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.
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Table Of Contents:
2 Research Methodology
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
8.1 Key Pointers
8.2 Global Base Oil Market, By Application
8.2.1 Global Market, By Application
8.2.2 Global Market, By Application
8.3 Global Market in Automotive Oil
8.3.1 Global Market in Automotive Oil
8.4 Global Market in Industrial Oil
8.4.1 Global Market in Industrial Oil
8.5 Global Market in Metalworking Fluids
8.5.1 Global Market in Metalworking Fluids
8.6 Global Market in Greases
8.6.1 Global Market in Greases
8.7 Global Market in Hydraulic Oil
8.7.1 Global Market in Hydraulic Oil
8.8 Global Market in Others
8.8.1 Global Market in Others
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