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Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, and Non-carcinogenic), Application (Tire & Rubber, Polymer, Personal Care, Textile), and Region (Asia-Pacific, North America, Europe, Middle East & Africa) - Global Forecasts to 2022


Product Code : MNMCH00108402
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“The process oil market is projected to grow at a CAGR of 3.8% from 2017 to 2022, in terms of value”

The process oil market is projected to reach USD 5.56 billion by 2022, at a CAGR of 3.8% between 2017 and 2022. The growth of the market is driven by the increasing demand for process oils from the tire and rubber industry.
“Based on type, the naphthenic process oil segment is estimated to be the largest segment of the process oil market in 2017”
Based on type, the naphthenic segment is estimated to be the largest segment of the process oil market in 2017, as naphthenic process oils are widely used for the manufacturing of various products, including rubber, inks, plasticizers, and sealants, among others. Naphthenic process oils are light-colored and non-staining compounds that have properties, such as thermal stability, excellent compatibility with synthetic elastomers, greater solvating power than paraffinic oils, and low viscosity.
“Based on application, the tire & rubber segment is projected to witness highest growth during the forecast period”
Process oils increase the performance of rubber and tire products and provide high stability with a relative inertness towards curing additives. Process oils have low volatility, and high viscosity and plasticity. These properties facilitate the blending and dispersion of fillers in tire and rubber products and improve their elastomer workability.
“Asia-Pacific is the fastest-growing market for process oils”
Rise in the sales of automobiles in Asia-Pacific is expected to boost the tire and rubber market, and consequently drive the consumption of process oils in the region. The high growth in emerging economies has made Asia-Pacific a lucrative market for process oil manufacturers. The growth of the tire & rubber market in China and India, has resulted in the high consumption of process oils in recent years.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 42 %, Tier 2 – 25%, Tier 3 – 33%
• By Designation: C level – 65%, Director level – 35%
• By Region: North America – 45%, Europe – 25%, Asia-Pacific – 16%, Middle East & Africa – 8%, South America – 6%

Research Coverage:
As a part of the qualitative analysis, this research study provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. The report defines, describes, and forecasts the process oil market based on type, application, and region. It provides strategic analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market.
It also discusses the competitive strategies adopted by various market players, such as Royal Dutch Shell plc (Netherlands), Chevron Corporation (U.S.), and Petronas Lubricants Belgium NV (Belgium), Nynas AB (Sweden), ORGKHIM Biochemical Holding (Russia), Repsol S.A. (Spain), Avista Oil AG (Germany), and Hindustan Petroleum Corporation Limited (India).
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the process oil market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on process oil offered by the top market players

• Product Development/Innovation: Detailed insight into upcoming technologies, research & development activities, and new product launches in the process oil market

• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for process oils across regions

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the process oil market

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the process oil market

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 SCOPE OF THE STUDY 16
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE PROCESS OIL MARKET 30
4.2 PROCESS OIL MARKET, BY REGION 30
4.3 PROCESS OIL MARKET IN ASIA-PACIFIC 31
4.4 PROCESS OIL MARKET: DEVELOPED & EMERGING NATIONS 32
4.5 PROCESS OIL MARKET, BY TYPE 32
5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 REGULATIONS 33
5.3 MARKET DYNAMICS 34
5.3.1 DRIVERS 34
5.3.1.1 Growth of the end-user industries 34
5.3.2 RESTRAINTS 35
5.3.2.1 Limitations on the usage of Polycyclic Aromatic Hydrocarbon (PAH) 35
5.3.3 OPPORTUNITIES 35
5.3.3.1 Increasing demand for low viscosity oils 35
5.3.3.2 Increasing demand for green oils 35
5.3.4 CHALLENGES 35
5.3.4.1 Fall in crude oil prices 35
5.4 PORTER’S FIVE FORCES ANALYSIS 36
5.4.1 THREAT OF NEW ENTRANTS 37
5.4.2 THREAT OF SUBSTITUTES 37
5.4.3 BARGAINING POWER OF SUPPLIERS 37
5.4.4 BARGAINING POWER OF BUYERS 37
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 37
5.5 REVENUE POCKET MATRIX 38
6 PROCESS OIL MARKET, BY TYPE 40
6.1 INTRODUCTION 41
6.2 MARKET SIZE ESTIMATION 41
6.3 NAPHTHENIC 43
6.4 PARAFFINIC 44
6.5 AROMATIC 46
6.6 NON-CARCINOGENIC 48
7 PROCESS OIL MARKET, BY APPLICATION 50
7.1 INTRODUCTION 51
7.2 TIRE & RUBBER 52
7.3 POLYMER 54
7.4 PERSONAL CARE 56
7.5 TEXTILE 58
7.6 OTHERS 59
8 REGIONAL ANALYSIS 61
8.1 INTRODUCTION 62
8.2 ASIA-PACIFIC 63
8.2.1 CHINA 66
8.2.2 INDIA 67
8.2.3 JAPAN 68
8.2.4 SOUTH KOREA 69
8.2.5 INDONESIA 70
8.2.6 THAILAND 71
8.2.7 REST OF ASIA-PACIFIC 72

8.3 NORTH AMERICA 73
8.3.1 U.S. 76
8.3.2 CANADA 77
8.3.3 MEXICO 78
8.4 EUROPE 79
8.4.1 RUSSIA 82
8.4.2 GERMANY 83
8.4.3 U.K. 84
8.4.4 FRANCE 85
8.4.5 SPAIN 86
8.4.6 ITALY 87
8.4.7 REST OF EUROPE 88
8.5 MIDDLE EAST & AFRICA 89
8.5.1 SAUDI ARABIA 92
8.5.2 UAE 93
8.5.3 IRAN 94
8.5.4 REST OF MIDDLE EAST & AFRICA 95
8.6 SOUTH AMERICA 96
8.6.1 BRAZIL 99
8.6.2 ARGENTINA 100
8.6.3 COLUMBIA 101
8.6.4 REST OF SOUTH AMERICA 102
9 COMPETITIVE LANDSCAPE 103
9.1 INTRODUCTION 103
9.1.1 DYNAMIC 103
9.1.2 INNOVATOR 103
9.1.3 VANGUARD 103
9.1.4 EMERGING 103
9.2 COMPETITIVE BENCHMARKING 105
9.2.1 PRODUCT OFFERINGS 105
9.2.2 BUSINESS STRATEGY 106
9.3 MARKET RANKING OF KEY PLAYERS 107

10 COMPANY PROFILES 108
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 ROYAL DUTCH SHELL PLC 108
10.2 CHEVRON CORPORATION 111
10.3 NYNAS AB 114
10.4 REPSOL S.A. 117
10.5 OAO LUKOIL 119
10.6 AVISTA OIL AG 122
10.7 PHILLIPS 66 COMPANY 124
10.8 IDEMITSU KOSAN CO., LTD. 126
10.9 HINDUSTAN PETROLEUM CORPORATION LTD. 129
10.10 SUNOCO LP (SUNOCO LUBRICANTS EUROPE) 132
10.11 ORGKHIM BIOCHEMICAL HOLDING 134
10.12 IRANOL COMPANY 136
10.13 PARAMO A.S. 137
10.14 BEHRAN OIL COMPANY 139
10.15 PETRONAS LUBRICANTS BELGIUM NV 141
10.16 OTHER KEY PLAYERS IN THE PROCESS OIL MARKET 143
10.16.1 APAR INDUSTRIES LIMITED 143
10.16.2 MARK SPECIALITY INDIA PVT. LTD. 143
10.16.3 VINTROL LUBES PVT. LTD. 143
10.16.1 PARAS LUBRICANTS LIMITED 143
10.16.2 WITMANS INDUSTRIES PVT. LTD. 144
10.16.3 TIRUPATI BALAJI RIDERS OIL CO. PRIVATE LIMITED 144
10.16.4 SEPAHAN OIL COMPANY 144
10.16.5 PANAMA PETROCHEM LTD. 144
10.16.6 SAH PETROLEUMS LIMITED 144
10.16.7 H&R GROUP 145
10.16.8 ERGON NORTH & SOUTH AMERICA 145
10.16.9 EXXONMOBIL CHEMICAL COMPANY, INC. 145
10.16.10 HOLLYFRONTIER REFINING & MARKETING LLC 145
10.16.11 PETROCHINA LUBRICANT COMPANY 145
10.16.12 RAJ PETRO SPECIALITIES P.LTD 146
10.16.13 CROSS OIL REFINING & MARKETING, INC. 146
10.16.14 CALUMET LUBRICANTS CO., LIMITED PARTNERSHIP 146
10.16.15 TOTAL S.A. 146.
*Details might not be captured in case of unlisted companies

11 APPENDIX 147
11.1 DISCUSSION GUIDE 147
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 151
11.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 153
11.4 AVAILABLE CUSTOMIZATIONS 154
11.5 RELATED REPORTS 154
11.6 AUTHOR DETAILS 155

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