Global Base Oil Market Size study, by Group (Group I, Group II, Group III, Group IV, Group V), by Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid) and Regional Forecasts 2020-2027
- Report Code : BIZ2238692
- Published On: Mar, 2021
- Category : Chemicals & Materials
- Pages : 200
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Global Base Oil Market is valued approximately USD 27.21 million in 2019 and is anticipated to grow with a healthy growth rate of more than 5.1% over the forecast period 2020-2027. Base oils are a key constituent of any lubricant which aids them to attain different specifications such as seal compatibility, pour point, viscosity, oxidation, thermal stability, and additive solubility. The product is usually refined via several processing technologies that comprise conventional refining and other advanced refining techniques. Increasing demand for industrial lubricants, metalworking fluids, thermal oils, hydraulic fluids and greases made from raw stock fluids such as base oil is expected to fuel the growth of the market for base oil. Demand for oils in the automotive industry, especially from emerging countries, and strict environmental legislation leading to severe performance standards drive the global base oil market. As per German Trade and Invest the country has the largest concentration of OEM plants in Europe with 40 OEM sites in Germany. The country also accounted to 30% of all passenger cars and 20% of all new registrations in Europe. Further, rapid industrialization leading to surging adoption of Robots augments the market growth. Also, use of these oils in aerospace, defense, aviation, Logistics, electronics and other end-use industries boosts the market growth. Further growing production of crude oils and oil explorations supports the market growth. According to Statista more than 4 billion metric tons of oil is produced worldwide annually of which one-third is produced in middle east region. From 1990 to 2018 Saudi Arabia accounted to 266 billion barrels of oil reserves. However, fluctuating costs of crude oil and regulations concerning emission norms impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Base Oil market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region across the world in terms of market share owing to the surging adoption of vehicles in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid industrialization would create lucrative growth prospects for the Base Oil market across Asia-Pacific region.
Major market player included in this report are:
Chevron Corporation
Exxon Mobil Corporation
S-OIL CORPORATION
Motiva Enterprises LLC
SK Innovation Co., Ltd
Royal Dutch Shell Plc
Neste Oyj
AVISTA OIL AG
Nynas AB
Repsol S.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Group:
Group I
Group II
Group III
Group IV
Group V
By Application:
Automotive Oil
Industrial Oil
Hydraulic Oil
Grease
Metalworking Fluid
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Base Oil Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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With tables and figures helping analyze worldwide Global Base Oil market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Base Oil Market, by Region, 2018-2027 (USD Billion)
1.2.2. Base Oil Market, by Group, 2018-2027 (USD Billion)
1.2.3. Base Oil Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Base Oil Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Base Oil Market Dynamics
3.1. Base Oil Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Base Oil Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Base Oil Market, by Group
5.1. Market Snapshot
5.2. Global Base Oil Market by Group, Performance - Potential Analysis
5.3. Global Base Oil Market Estimates & Forecasts by Group 2017-2027 (USD Billion)
5.4. Base Oil Market, Sub Segment Analysis
5.4.1. Group I
5.4.2. Group II
5.4.3. Group III
5.4.4. Group IV
5.4.5. Group V
Chapter 6. Global Base Oil Market, by Application
6.1. Market Snapshot
6.2. Global Base Oil Market by Application, Performance - Potential Analysis
6.3. Global Base Oil Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Base Oil Market, Sub Segment Analysis
6.4.1. Automotive Oil
6.4.2. Industrial Oil
6.4.3. Hydraulic Oil
6.4.4. Grease
6.4.5. Metalworking Fluid
Chapter 7. Global Base Oil Market, Regional Analysis
7.1. Base Oil Market, Regional Market Snapshot
7.2. North America Base Oil Market
7.2.1. U.S. Base Oil Market
7.2.1.1. Group breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Base Oil Market
7.3. Europe Base Oil Market Snapshot
7.3.1. U.K. Base Oil Market
7.3.2. Germany Base Oil Market
7.3.3. France Base Oil Market
7.3.4. Spain Base Oil Market
7.3.5. Italy Base Oil Market
7.3.6. Rest of Europe Base Oil Market
7.4. Asia-Pacific Base Oil Market Snapshot
7.4.1. China Base Oil Market
7.4.2. India Base Oil Market
7.4.3. Japan Base Oil Market
7.4.4. Australia Base Oil Market
7.4.5. South Korea Base Oil Market
7.4.6. Rest of Asia Pacific Base Oil Market
7.5. Latin America Base Oil Market Snapshot
7.5.1. Brazil Base Oil Market
7.5.2. Mexico Base Oil Market
7.6. Rest of The World Base Oil Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Chevron Corporation
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Exxon Mobil Corporation
8.2.3. S-OIL CORPORATION
8.2.4. Motiva Enterprises LLC
8.2.5. SK Innovation Co., Ltd
8.2.6. Royal Dutch Shell Plc
8.2.7. Neste Oyj
8.2.8. AVISTA OIL AG
8.2.9. Nynas AB
8.2.10. Repsol S.A.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
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The Global Base Oil Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
New players are entering the Global Base Oil Market, while established companies are changing their business models and strategies. This pattern is likely to continue for the foreseeable future.
Depending upon the type of applications, the Global Base Oil Market has been segmented into
According to the report, the Global Base Oil Industry will grow to USD XXX Million by 2029, with a YY% CAGR.
In addition to the Global Base Oil Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the Global Base Oil Market.
The latest version of the Global Base Oil Market study includes a market size breakdown by relevant business segments, applications, and geography, as well as qualitative insights such as Patent Analysis*, Market Entropy, Key Development Activities, Market Dynamics, PEST and PORTER models, and more.
