Market By Type, Application, And Geography | Forecast 2019-2027
As per the Triton Market Research analysis, the Asia-Pacific process oil market is predicted to flourish at a CAGR of 4.23% in terms of revenue and 4.12% in terms of volume over the forecast period of 2019-2027.
Geographically, the countries studied in the Asia-Pacific process oil market are:
• China
• Japan
• India
• South Korea
• Australia
• ASEAN countries
• Rest of Asia-Pacific
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The rise in the demand for tires and elastic products has been encouraging the production of process oil as it attributes to low viscosity and high thickness & pliancy, which help the mixing and scattering process of fillers in the tire and other elastic items. There is an ample supply of naphthenic oil in the Asia-Pacific region and, which is expected to further boost the growth of the naphthenic segment. Furthermore, the growing demand for personal care products and technological advancements has also been driving the process oil market in the region.
China is known to be a manufacturing hub and contributes to the production of tires and automobiles on a large scale. The country produces the highest number of tires and is a rich supplier of naphthenic base process oil that has resulted in the growth of the process oil market. The country is expected to hold the largest market share during the forecasted years.
Japan is the fastest-growing country in the process oil market. The country has a crucial role in the research & development to enhance the value and performance of the tire and rubber automotive parts. Japan has also been using process oil extensively in textile industries to increase the flexibility and toughness of clothes. This has led to the creation of lucrative opportunities for the growth of the overall process oil market.
Idemitsu Kosan Co., Ltd. is a Japanese company that engages with petrochemical products, petroleum products, resources, and other segments. The company provides lubricants such as maintenance & marine oils, industrial & metalworking oils, grease products, traction drive fluids, polyethylene glycol oils, and polyvinyl ether. For instance, Daphne Super Mecha PM is an oil that is used for decelerators, bearings, and hydraulic fluids at numerous industrial machines by high load-resistance property.
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VIEW REPORT1. ASIA-PACIFIC
PROCESS OIL MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. PORTER’S
FIVE FORCES MODEL
2.2.1. BARGAINING
POWER OF BUYERS
2.2.2. BARGAINING
POWER OF SUPPLIERS
2.2.3. THREAT
OF NEW ENTRANTS
2.2.4. THREAT
OF SUBSTITUTES
2.2.5. THREAT
OF RIVALRY
2.3. REGULATORY
OUTLOOK
2.4. MARKET
TRENDS
2.5. MARKET
SHARE OUTLOOK
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. KEY
INSIGHT
2.8. MARKET
DRIVERS
2.8.1. INCREASING
DEMAND FOR PROCESS OIL IN THE TEXTILE INDUSTRY
2.8.2. GROWING
PERSONAL CARE INDUSTRY
2.8.3. RISING
VEHICULAR PRODUCTION AND GROWING AUTOMOTIVE SECTOR
2.9. MARKET
RESTRAINTS
2.9.1. RESTRICTIONS
IN THE USAGE OF POLYCYCLIC AROMATIC HYDROCARBON (PAH)
2.9.2. EMERGENCE
OF DRY-TYPE TRANSFORMERS
2.10.
MARKET OPPORTUNITIES
2.10.1.
OPPORTUNITIES PRESENTED BY ADHERING TO THE
USAGE OF LOW POLYAROMATIC HYDROCARBON (PAH) OILS
2.10.2.
MOUNTING EXPLORATION ACTIVITY OF HYDROCARBONS
IN NON-OPEC REGIONS
2.11.
MARKET CHALLENGES
2.11.1.
FLUCTUATING RAW MATERIAL PRICES
2.11.2.
CHANGING CRUDE OIL PRICES
3. PROCESS
OIL MARKET OUTLOOK – BY TYPE
3.1. NAPHTHENIC
OIL
3.2. PARAFFIN
3.3. AROMATIC
3.4. NON-CARCINOGENIC
4. PROCESS
OIL MARKET OUTLOOK – BY APPLICATION
4.1. TIRE
& RUBBER
4.2. POLYMER
4.3. PERSONAL
CARE
4.4. TEXTILE
4.5. OTHER
APPLICATIONS
5. PROCESS
OIL MARKET – REGIONAL OUTLOOK
5.1. ASIA-PACIFIC
5.1.1. COUNTRY
ANALYSIS
5.1.1.1. CHINA
5.1.1.2. INDIA
5.1.1.3. JAPAN
5.1.1.4. SOUTH
KOREA
5.1.1.5. AUSTRALIA
& NEW ZEALAND
5.1.1.6. ASEAN
COUNTRIES
5.1.1.7. REST
OF ASIA-PACIFIC
6. COMPANY
PROFILES
6.1. CHEVRON
CORPORATION
6.2. GAZPROM
6.3. GP
PETROLEUMS
6.4. APAR
INDUSTRIES LTD.
6.5. LANXESS
PROCESS OIL
6.6. ROYAL
DUTCH SHELL PLC
6.7. HINDUSTAN
PETROLEUM CORPORATION LTD.
6.8. HOLLYFRONTIER
REFINING & MARKETING, INC.
6.9. CALUMET
SPECIALTY PRODUCTS PARTNERS, L.P.
6.10.
ERGON NORTH & SOUTH AMERICA
6.11.
TOTAL S.A.
6.12.
PETROCHINA COMPANY LTD.
6.13.
IDEMITSU KOSAN CO., LTD.
6.14.
EXXON MOBIL CHEMICAL COMPANY
6.15.
PETROBRAS
6.16.
REPSOL S.A.
6.17.
SASOL
6.18.
IRANOL COMPANY
6.19.
JX NIPPON OIL & GAS EXPLORATION
6.20.
NYNAS AB
6.21.
SUNOCO LP
6.22.
LUKOIL
6.23.
ORGKHIM BIOCHEMICAL HOLDING
6.24.
PANAMA PETROCHEM LTD.
6.25.
PETRONAS LUBRICANTS INTERNATIONAL
6.26.
ROSNEFT
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.1.1. OBJECTIVES
OF STUDY
7.1.2. SCOPE
OF STUDY
7.2. SOURCES
OF DATA
7.2.1. PRIMARY
DATA SOURCES
7.2.2. SECONDARY
DATA SOURCES
7.3. RESEARCH
METHODOLOGY
7.3.1. EVALUATION
OF PROPOSED MARKET
7.3.2. IDENTIFICATION
OF DATA SOURCES
7.3.3. ASSESSMENT
OF MARKET DETERMINANTS
7.3.4. DATA
COLLECTION
7.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1 ASIA-PACIFIC PROCESS OIL MARKET, 2019-2027 ($ MILLION)
TABLE 2 ASIA-PACIFIC PROCESS OIL MARKET, 2019-2027 (KILOTONS)
TABLE 3 TYPE OF PROCESS OIL
TABLE 4 GROUPING AS PER REFINING PROCESS
TABLE 5 PROPERTIES OF LIGHT NEUTRAL BASE OILS
TABLE 6 CHARACTERISTICS OF TEMPERATURE ON VISCOSITY
TABLE 7 DEPARTMENTS IN REGULATING OIL AND GAS ACTIVITIES
TABLE 8 CARCINOGENIC CLASSIFICATIONS OF PAH COMPOUNDS BY SPECIFIC
AGENCIES
TABLE 9 ASIA-PACIFIC PROCESS OIL MARKET, BY TYPE, 2019-2027 ($
MILLION)
TABLE 10 COMPARISON OF DIFFERENT TYPES OF RUBBER
PROCESS OIL
TABLE 11 ASIA-PACIFIC PROCESS OIL MARKET, BY TYPE,
2019-2027 (KILOTONS)
TABLE 12 ASIA-PACIFIC PROCESS OIL MARKET, BY
APPLICATION, 2019-2027 ($ MILLION)
TABLE 13 PROCESS OIL PRODUCTS USED IN TEXTILE
INDUSTRIES
TABLE 14 PRODUCT TYPE FOR HOT MELT ADHESIVE
MANUFACTURING INDUSTRY
TABLE 15 ASIA-PACIFIC PROCESS OIL MARKET, BY
COUNTRY, 2019-2027 ($ MILLION)
TABLE 16 ASIA-PACIFIC PROCESS OIL MARKET, BY
COUNTRY, 2019-2027 (KILOTONS)
FIGURE 1 ASIA-PACIFIC PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE 2 ASIA-PACIFIC PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE 3 PROCESS OIL COMPANY MARKET SHARE OUTLOOK
2018 (%)
FIGURE 4 ASIA-PACIFIC PROCESS OIL MARKET, BY
NAPHTHENIC OIL, 2019-2027 ($ MILLION)
FIGURE 5 ASIA-PACIFIC PROCESS OIL MARKET, BY
NAPHTHENIC OIL, 2019-2027 (KILOTONS)
FIGURE 6 ASIA-PACIFIC PROCESS OIL MARKET, BY
PARAFFIN, 2019-2027 ($ MILLION)
FIGURE 7 ASIA-PACIFIC PROCESS OIL MARKET, BY
PARAFFIN, 2019-2027 (KILOTONS)
FIGURE 8 ASIA-PACIFIC PROCESS OIL MARKET, BY
AROMATIC, 2019-2027 ($ MILLION)
FIGURE 9 ASIA-PACIFIC PROCESS OIL MARKET, BY
AROMATIC, 2019-2027 (KILOTONS)
FIGURE 10 ASIA-PACIFIC PROCESS OIL MARKET, BY
NON-CARCINOGENIC, 2019-2027 ($ MILLION)
FIGURE 11 ASIA-PACIFIC PROCESS OIL MARKET, BY NON-CARCINOGENIC,
2019-2027 (KILOTONS)
FIGURE 12 ASIA-PACIFIC PROCESS OIL MARKET, BY TIRE
& RUBBER, 2019-2027 ($ MILLION)
FIGURE 13 ASIA-PACIFIC PROCESS OIL MARKET, BY POLYMER,
2019-2027 ($ MILLION)
FIGURE 14 ASIA-PACIFIC PROCESS OIL MARKET, BY PERSONAL CARE,
2019-2027 ($ MILLION)
FIGURE 15 ASIA-PACIFIC PROCESS OIL MARKET, BY TEXTILE,
2019-2027 ($ MILLION)
FIGURE 16 ASIA-PACIFIC PROCESS OIL MARKET, BY OTHER
APPLICATION, 2019-2027 ($ MILLION)
FIGURE 17 CHINA PROCESS OIL MARKET, 2019-2027 ($
MILLION)
FIGURE 18 CHINA PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE 19 PASSENGER VEHICLES SALES IN CHINA 2015-2017
(IN MILLION PER UNITS)
FIGURE 20 INDIA PROCESS OIL MARKET, 2019-2027 ($
MILLION)
FIGURE 21 INDIA PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE 22 JAPAN PROCESS OIL MARKET, BY TYPES, 2019-2027
($ MILLION)
FIGURE 23 JAPAN PROCESS OIL MARKET, BY TYPES, 2019-2027
(KILOTONS)
FIGURE 24 SOUTH KOREA PROCESS OIL MARKET, 2019-2027 ($
MILLION)
FIGURE 25 SOUTH KOREA PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE 26 AUSTRALIA & NEW ZEALAND PROCESS OIL
MARKET, 2019-2027 ($ MILLION)
FIGURE 27 AUSTRALIA & NEW ZEALAND PROCESS OIL
MARKET, 2019-2027 (KILOTONS)
FIGURE 28 ASEAN COUNTRIES PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE 29 ASEAN COUNTRIES PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE 30 REST OF ASIA-PACIFIC PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE 31 REST OF ASIA-PACIFIC PROCESS OIL MARKET,
2019-2027 (KILOTONS)