Report Id: SNS/C&M/1727 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Process Oil Market Size was valued at USD 4.92 billion in 2022, and expected to reach USD 5.99 billion by 2030, and grow at a CAGR of 2.5% over the forecast period 2023-2030. A blend of aromatic, paraffinic, non-carcinogenic, and naphthenic compounds with various molecular weights is referred to as "process oil. They're manufactured with advanced refining procedures including hydrocracking and catalytic dewaxing. It has a colourless appearance and good performing capabilities. Process oils are utilised in a variety of industries, including tyre manufacturing, cable manufacturing, textile manufacturing, defoamer manufacturing, polymer manufacturing, and personal care manufacturing.
The increasing growth of the global automotive industry
Increasing demand for personal care products
Global demand for green process oils is increasing.
The price of crude oil fluctuates
Impact of Covid-19:
However, industries all across the world were affected by the pandemic. During 2019–2020, the industry's expansion has been impeded by a labour shortage, logistical constraints, material shortages, and other constraints. COVID-19 has had a global impact on the tyre and rubber sector and its raw materials suppliers, with the industry shutting down for an extended period of time in 2020. In the United States, passenger tyre output fell by 25.5 percent in March, April, and May, with complete shutdowns. COVID-19 has had a massive economic impact on the major tyre and rubber industries in 2020, with most companies reporting significantly lower earnings.
HollyFrontier Refining & Marketing LLC (HollyFrontier), Idemitsu Kosan Co., Ltd., Shell plc, Gandhar Oil Refinery Limited, TotalEnergies, Exxon Mobil Corporation, Indian Oil Corporation Ltd, Petroliam Nasional Berhad (PETRONAS), Behran Oil Co, and other players.
Gas to Liquid
Tire & Rubber
Due to rising demand in the automotive industry, Asia Pacific is predicted to lead the process oil market in terms of both value and volume. Many corporations have been relocating their manufacturing divisions to Asia Pacific in recent years because to the simple availability of workforce, labour at reasonable prices, and raw materials. This is expected to increase the region's process oil market. As a result, the process oil market is dominated by Asia Pacific, followed by Europe.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 4.92 Billion|
|Market Size by 2030||US$ 5.99 Billion|
|CAGR||CAGR of 2.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Naphthenic, Paraffinic, Non-carcinogenic, Aromatic)
• By Function (Extender Oil, Plasticizer, Solvent, Defoamer, Others)
• By Technology (Convention Route, Gas to Liquid, Bio-base)
• By Application (Tire & Rubber, Polymer, Personal Care, Textile, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||HollyFrontier Refining & Marketing LLC (HollyFrontier), Idemitsu Kosan Co., Ltd., Shell plc, Gandhar Oil Refinery Limited, TotalEnergies, Exxon Mobil Corporation, Indian Oil Corporation Ltd, Petroliam Nasional Berhad (PETRONAS), Behran Oil Co, and other players.|
|DRIVERS||• The increasing growth of the global automotive industry
• Increasing demand for personal care products
|Restraints||• Global demand for green process oils is increasing.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
end-use industries are the stake holder of this report
Ans: However, industries all across the world were affected by the pandemic. During 2019–2020, the industry's expansion has been impeded by a labour shortage, logistical constraints, material shortages, and other constraints. COVID-19 has had a global impact on the tyre and rubber sector and its raw materials suppliers, with the industry shutting down for an extended period of time in 2020. In the United States, passenger tyre output fell by 25.5 percent in March, April, and May, with complete shutdowns. COVID-19 has had a massive economic impact on the major tyre and rubber industries in 2020, with most companies reporting significantly lower earnings.
Ans: The increasing growth of the global automotive industry and Increasing demand for personal care products are the drivers for Process Oil Market.
Ans: Process oil market Size was valued at USD 4.8 billion in 2021, and expected to reach USD 5.72 billion by 2028, and grow at a CAGR of 2.5% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Process oil Market Segment, By Type
9.Process oil Market Segment, By Function
9.1 Extender Oil
10. Process oil Market Segment, By Technology
10.1 Convention Route
10.2 Gas to Liquid
10.Process oil Market Segment, By Application
11.1 Tire & Rubber
11.3 Personal Care
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profile
13.1 HollyFrontier Refining & Marketing LLC (HollyFrontier)
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Idemitsu Kosan Co., Ltd.
13.3 Shell plc
13.4 Gandhar Oil Refinery Limited
13.6 Exxon Mobil Corporation
13.7 Indian Oil Corporation Ltd
13.8 Petroliam Nasional Berhad (PETRONAS) (Malaysia
13.9 Behran Oil Co.
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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