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Process Oil Market

Process Oil Market size and Segment 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1727 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

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. 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.

Process Oil Market Revenue Graph

Market Dynamics:

Drivers:

  • The increasing growth of the global automotive industry

  • Increasing demand for personal care products

Opportunity:

  • Global demand for green process oils is increasing.

Challenge:

  • 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.

Key Players:

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.

Market Segmentation:

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

Process Oil Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

 

Process Oil Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.8 Billion
Market Size by 2028 US$ 5.72 Billion
CAGR CAGR of 2.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Process oil Market Segment, By Type

8.1 Naphthenic

8.2 Paraffinic

8.3 Non-carcinogenic

8.4 Aromatic

 

9.Process oil Market Segment,  By Function

9.1 Extender Oil

9.2 Plasticizer

9.3 Solvent

9.4 Defoamer

9.5 Others

10. Process oil Market Segment, By Technology

10.1 Convention Route

10.2 Gas to Liquid

10.3 Bio-base

 

10.Process oil Market Segment, By Application

11.1 Tire & Rubber

11.2 Polymer

11.3 Personal Care

11.4 Textile

11.5 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profile

13.1 HollyFrontier Refining & Marketing LLC (HollyFrontier)

13.1.1 Financial

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

13.5 TotalEnergies

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

 

15. Conclusion

 

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Secondary Research

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