NORTH AMERICA PROCESS OIL MARKET 2019-2027

Energy, Power & Utilities | Oil And Gas

NORTH AMERICA PROCESS OIL MARKET 2019-2027

Market By Type, Application, And Geography | Forecast 2019-2027

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According to the research by Triton, the North America process oil market is expected to grow significantly in terms of revenue at a CAGR of 3.18% and 3.58% in terms of volume for the forecasting years 2019-2027.

Countries that have been covered in the process oil market in North America are:

•           The United States

•           Canada

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The process oil market in North America is mainly driven by the increasing use of personal care products, polymer and textile industries. Process oil is widely used in developing polymer products that are consumed in sectors like medical, automotive, industrial, and consumer goods sectors. For instance, as per MarkLines – Statistics, in 2018, the US vehicle sales of units in December were up 1.5%, as compared to 2017. This is predicted to boost tire production and thus, contribute to the process oil market.

Process oil has its application in the textile industry for its characteristics, such as maximizing the efficiency of the production process by minimizing friction and offering lubricant properties. Many textile companies have been making significant investments in the US to set up their production plants. For example, Fibretex Personal Care has invested around $155 million for developing a non-woven fabric manufacturing facility in North Carolina. This factor is further anticipated to propel the growth of the process oil market in the United States.

Naphthenic process oil has the largest market share in the North American process oil market. It is widely used in the manufacturing of LPG tubes, hot water bags, footwear, and extruded products. It has a huge demand in various sectors such as textile, plastics, food, cosmetics, pharmaceutical, manufacturing, and processing of printing ink, polymer, and personal care industry in the country, which is expected to create ample opportunities for the process oil market growth.

ExxonMobil Chemical Company is a petrochemical company that produces and supplies petrochemical products to customers in the United States and other countries across the world. The company engages with polymers such as polypropylene, butyl polymers, polyethylene, polymer modifiers, specialty elastomers, and tackifying resins. The company also serves agriculture, adhesive, automotive, building & construction, consumer product, healthcare & medical, industrial application, and packaging industries.

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Table of Content

1.    NORTH AMERICA 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 OF 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. NORTH AMERICA

5.1.1.   COUNTRY ANALYSIS

5.1.1.1.      THE UNITED STATES

5.1.1.2.      CANADA

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

List of table

TABLE 1        NORTH AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION)

TABLE 2        NORTH AMERICA 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        REGULATION CODE FOR OIL COMPONENTS IN NON-FOOD ARTICLES

TABLE 8        PARAFFINIC RUBBER PROCESS OIL TECHNICAL SPECIFICATION

TABLE 9        NAPHTHENIC RUBBER PROCESS OIL TECHNICAL SPECIFICATION

TABLE 10      AROMATIC RUBBER PROCESS OIL TECHNICAL SPECIFICATION

TABLE 11      CARCINOGENIC CLASSIFICATIONS OF PAH COMPOUNDS BY SPECIFIC AGENCIES

TABLE 12      NORTH AMERICA PROCESS OIL MARKET, BY TYPE, 2019-2027 ($ MILLIONS)

TABLE 13      COMPARISON OF DIFFERENT TYPES OF RUBBER PROCESS OIL

TABLE 14      NORTH AMERICA PROCESS OIL MARKET, BY TYPE, 2019-2027 (KILOTONS)

TABLE 15      NORTH AMERICA PROCESS OIL MARKET, BY APPLICATION, 2019-2027 ($ MILLIONS)

TABLE 16      PROCESS OIL PRODUCTS USED IN TEXTILE INDUSTRIES

TABLE 17      PRODUCT TYPE FOR HOT MELT ADHESIVE MANUFACTURING INDUSTRY

TABLE 18      NORTH AMERICA PROCESS OIL MARKET, BY COUNTRY, 2019-2027 ($ MILLIONS)

TABLE 19      NORTH AMERICA PROCESS OIL MARKET, BY COUNTRY, 2019-2027 (KILOTONS)

           

                                    

List of Figures

FIGURE 1      NORTH AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION)

FIGURE 2      NORTH AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS)

FIGURE 3      PROCESS OIL COMPANY MARKET SHARE OUTLOOK 2018 (%)

FIGURE 4      AVERAGE ANNUAL US OIL PRODUCTION IN THOUSANDS OF BARRELS PER DAY

FIGURE 5      AVERAGE CRUDE OIL SPOT PRICE 2015-2019 (IN USD/BBL)

FIGURE 6      NORTH AMERICA PROCESS OIL MARKET, BY NAPHTHENIC OIL, 2019-2027 ($ MILLIONS)

FIGURE 7      NORTH AMERICA PROCESS OIL MARKET, BY NAPHTHENIC OIL, 2019-2027 (KILOTONS)

FIGURE 8      NORTH AMERICA PROCESS OIL MARKET, BY PARAFFIN, 2019-2027 ($ MILLIONS)

FIGURE 9      NORTH AMERICA PROCESS OIL MARKET, BY PARAFFIN, 2019-2027 (KILOTONS)

FIGURE 10   NORTH AMERICA PROCESS OIL MARKET, BY AROMATIC, 2019-2027 ($ MILLIONS)

FIGURE 11   NORTH AMERICA PROCESS OIL MARKET, BY AROMATIC, 2019-2027 (KILOTONS)

FIGURE 12   NORTH AMERICA PROCESS OIL MARKET, BY NON-CARCINOGENIC, 2019-2027 ($ MILLIONS)

FIGURE 13   NORTH AMERICA PROCESS OIL MARKET, BY NON-CARCINOGENIC, 2019-2027 (KILOTONS)

FIGURE 14   NORTH AMERICA PROCESS OIL MARKET, BY TIRE & RUBBER, 2019-2027 ($ MILLIONS)

FIGURE 15   NORTH AMERICA PROCESS OIL MARKET, BY POLYMER, 2019-2027 ($ MILLIONS)

FIGURE 16   NORTH AMERICA PROCESS OIL MARKET, BY PERSONAL CARE, 2019-2027 ($ MILLIONS)

FIGURE 17   NORTH AMERICA PROCESS OIL MARKET, BY TEXTILE, 2019-2027 ($ MILLIONS)

FIGURE 18   NORTH AMERICA PROCESS OIL MARKET, BY OTHER APPLICATION, 2019-2027 ($ MILLIONS)

FIGURE 19   THE UNITED STATES PROCESS OIL MARKET, 2019-2027 ($ MILLIONS)

FIGURE 20   THE UNITED STATES PROCESS OIL MARKET, 2019-2027 (KILOTONS)

FIGURE 21   CANADA PROCESS OIL MARKET, 2019-2027 ($ MILLIONS)

FIGURE 22   CANADA PROCESS OIL MARKET, 2019-2027 (KILOTONS)

FIGURE 23   CANADA VEHICLE SALES 2017-2018

 

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