Market By Type, Application, And Geography | Forecast 2019-2027
The detailed analysis of the global process oil market shows that, in terms of revenue, the market would grow at a CAGR of 3.85% ($7155.2 million) during the forecasting years 2019-2027, and with respect to volume, the market is set to grow at a CAGR of 3.81% (7091.6 kilotons).
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Process oils are derived from petroleum as a mixture of paraffinic, naphthenic, and aromatic compounds with varying molecular weights. They are used in various industries, such as rubber & tire, personal care products, polymer, textile, and others, as raw material or as a processing aid for materials. Process oils are commercially produced by advanced refining processes such as catalytic dewaxing and advanced hydrocracking. These oils are base stock compounds to be blended with additives of varying proportions to produce ideal products like lubricants, grease, hydraulic fluids, and metalworking fluids. The growing usage of processed oil in several additives are contributing to the growth of the process oil market.
The study aims to get an overview of the process oil market in terms of various factors. Within this report, the market definition and the key insights regarding the process oil market have been discussed. Also, Porter’s five forces model, regulatory outlook, market share outlook, market trends, key insight and market attractiveness index have been studied in detail.
Market drivers like the increasing demand for process oil in the textile market, growing personal care market, rising vehicular production and growing automotive sector are driving the process oil market growth. However, the market is facing market restraints like restrictions in the usage of polycyclic aromatic hydrocarbon (PAH) and the emergence of dry-type transformers, which are obstructing the market growth.
Key opportunities like the opportunities presented by adhering to the usage of low polyaromatic hydrocarbon (PAH) oils and mounting exploration activity of hydrocarbons in non-OPEC regions are boosting the market growth. However, challenges such as fluctuating raw material prices and changing crude oil prices are being faced by this market.
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Geographies covered in the process oil market by region are:
• North America: The United States and Canada
• Europe: The United Kingdom, Russia, Germany, Italy, Spain, France, and Rest of Europe
• Asia-Pacific: China, Japan, South Korea, India, Australia& New Zealand, ASEAN countries, and Rest of Asia-Pacific
• The Middle East and Africa: Turkey, the United Arab Emirates, South Africa, Saudi Arabia, and Rest of the Middle East & Africa
• Latin America: Mexico, Brazil, and Rest of Latin America
The process oil market has been segmented as follows:
• By Application:
O Tire & Rubber
O Textile
O Personal care
O Polymer
O Other applications
• By Type:
O Naphthenic
O Paraffin
O Aromatic
O Non-carcinogenic
The key players engaged in the process oil market are Gazprom, GP Petroleums Ltd, Apar Industries Ltd, LANXESS, Royal Dutch Shell PLC, Hindustan Petroleum Corporation Ltd., HollyFrontier Corporation, Calumet Specialty Products Partners, L.P., Ergon North & South America, Total S.A., PetroChina Company Limited, Idemitsu Kosan Co., Ltd., ExxonMobil Chemical Co., Petrobras, Repsol S.A., Sasol Limited, Iranol Company, JX Nippon Oil & Gas Exploration, Nynas AB, Sunoco LP, LUKOIL, Orgkhim Biochemical Holding, Panama Petrochem Ltd., Petronas Lubricants International (PLI) and Rosneft.
The strategic analysis for each of these companies has been covered in detail. The process oil market by company share helps to dive into the information about the key market players in this market and how much hold they have on the market.
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VIEW REPORT1. GLOBAL
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. NORTH
AMERICA
5.1.1. MARKET
BY TYPE
5.1.2. MARKET
BY APPLICATION
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. THE
UNITED STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY TYPE
5.2.2. MARKET
BY APPLICATION
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. THE
UNITED KINGDOM
5.2.3.2. ITALY
5.2.3.3. GERMANY
5.2.3.4. FRANCE
5.2.3.5. SPAIN
5.2.3.6. RUSSIA
5.2.3.7. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY TYPE
5.3.2. MARKET
BY APPLICATION
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. INDIA
5.3.3.3. JAPAN
5.3.3.4. SOUTH
KOREA
5.3.3.5. AUSTRALIA
& NEW ZEALAND
5.3.3.6. ASEAN
COUNTRIES
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY TYPE
5.4.2. MARKET
BY APPLICATION
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY TYPE
5.5.2. MARKET
BY APPLICATION
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. SAUDI
ARABIA
5.5.3.2. TURKEY
5.5.3.3. UNITED
ARAB EMIRATES
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
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 GLOBAL PROCESS OIL MARKET, BY
REGION, 2019-2027 ($ MILLION)
TABLE
2 GLOBAL PROCESS OIL MARKET, BY
REGION, 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 DEPARTMENTS IN REGULATING OIL AND
GAS ACTIVITIES
TABLE
12 CARCINOGENIC CLASSIFICATIONS OF
PAH COMPOUNDS BY SPECIFIC AGENCIES
TABLE
13 GLOBAL PROCESS OIL MARKET, BY
TYPE, 2019-2027 ($ MILLION)
TABLE
14 COMPARISON OF DIFFERENT TYPES OF
RUBBER PROCESS OIL
TABLE
15 GLOBAL PROCESS OIL MARKET, BY
TYPE, 2019-2027 (KILOTONS)
TABLE
16 GLOBAL PROCESS OIL MARKET, BY
APPLICATION, 2019-2027 ($ MILLION)
TABLE
17 PROCESS OIL PRODUCTS USED IN
TEXTILE INDUSTRIES
TABLE
18 PRODUCT TYPE FOR HOT MELT ADHESIVE
MANUFACTURING INDUSTRY
TABLE
19 NORTH AMERICA PROCESS OIL MARKET,
BY TYPE, 2019-2027 ($ MILLION)
TABLE
20 NORTH AMERICA PROCESS OIL MARKET,
BY TYPE, 2019-2027 (KILOTONS)
TABLE
21 NORTH AMERICA PROCESS OIL MARKET,
BY APPLICATION, 2019-2027 ($ MILLION)
TABLE
22 NORTH AMERICA PROCESS OIL MARKET,
BY COUNTRY, 2019-2027 ($ MILLION)
TABLE
23 NORTH AMERICA PROCESS OIL MARKET,
BY COUNTRY, 2019-2027 (KILOTONS)
TABLE
24 EUROPE PROCESS OIL MARKET, BY
TYPE, 2019-2027 ($ MILLION)
TABLE 25 EUROPE PROCESS OIL MARKET, BY TYPE,
2019-2027 (KILOTONS)
TABLE
26 EUROPE PROCESS OIL MARKET, BY
APPLICATION, 2019-2027 ($ MILLION)
TABLE
27 EUROPE PROCESS OIL MARKET, BY
COUNTRY, 2019-2027 ($ MILLION)
TABLE
28 EUROPE PROCESS OIL MARKET, BY
COUNTRY, 2019-2027 (KILOTONS)
TABLE
29 REGISTRATIONS OF NEW VEHICLES BY
TYPE OF VEHICLES
TABLE
30 ASIA PACIFIC PROCESS OIL MARKET,
BY TYPE, 2019-2027 ($ MILLION)
TABLE
31 ASIA PACIFIC PROCESS OIL MARKET,
BY TYPE, 2019-2027 (KILOTONS)
TABLE
32 ASIA PACIFIC PROCESS OIL MARKET,
BY APPLICATION, 2019-2027 ($ MILLION)
TABLE
33 ASIA-PACIFIC PROCESS OIL MARKET,
BY COUNTRY, 2019-2027 ($ MILLION)
TABLE
34 ASIA-PACIFIC PROCESS OIL MARKET,
BY COUNTRY, 2019-2027 (KILOTONS)
TABLE
35 LATIN AMERICA PROCESS OIL MARKET,
BY TYPE, 2019-2027 ($ MILLION)
TABLE
36 LATIN AMERICA PROCESS OIL MARKET,
BY TYPE, 2019-2027 (KILOTONS)
TABLE
37 LATIN AMERICA PROCESS OIL MARKET,
BY APPLICATION, 2019-2027 ($ MILLION)
TABLE
38 LATIN AMERICA PROCESS OIL MARKET,
BY COUNTRY, 2019-2027 ($ MILLION)
TABLE
39 LATIN AMERICA PROCESS OIL MARKET,
BY COUNTRY, 2019-2027 (KILOTONS)
TABLE
40 MIDDLE EAST AND AFRICA PROCESS OIL
MARKET, BY TYPE, 2019-2027 ($ MILLION)
TABLE
41 MIDDLE EAST AND AFRICA PROCESS OIL
MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE
42 MIDDLE EAST AND AFRICA PROCESS OIL
MARKET, BY APPLICATION, 2019-2027 ($ MILLION)
TABLE
43 MIDDLE EAST AND AFRICA PROCESS OIL
MARKET, BY COUNTRY, 2019-2027 ($ MILLION)
TABLE
44 MIDDLE EAST AND AFRICA PROCESS OIL
MARKET, BY COUNTRY, 2019-2027 (KILOTONS)
FIGURE
1 GLOBAL PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE
2 GLOBAL 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 GLOBAL PROCESS OIL MARKET, BY
NAPHTHENIC OIL, 2019-2027 ($ MILLION)
FIGURE
7 GLOBAL PROCESS OIL MARKET, BY
NAPHTHENIC OIL, 2019-2027 (KILOTONS)
FIGURE
8 GLOBAL PROCESS OIL MARKET, BY PARAFFIN,
2019-2027 ($ MILLION)
FIGURE
9 GLOBAL PROCESS OIL MARKET, BY
PARAFFIN, 2019-2027 (KILOTONS)
FIGURE
10 GLOBAL PROCESS OIL MARKET, BY
AROMATIC, 2019-2027 ($ MILLION)
FIGURE
11 GLOBAL PROCESS OIL MARKET, BY
AROMATIC, 2019-2027 (KILOTONS)
FIGURE
12 GLOBAL PROCESS OIL MARKET, BY
NON-CARCINOGENIC, 2019-2027 ($ MILLION)
FIGURE
13 GLOBAL PROCESS OIL MARKET, BY
NON-CARCINOGENIC, 2019-2027 (KILOTONS)
FIGURE
14 GLOBAL PROCESS OIL MARKET, BY TIRE
& RUBBER, 2019-2027 ($ MILLION)
FIGURE
15 GLOBAL PROCESS OIL MARKET, BY
POLYMER, 2019-2027 ($ MILLION)
FIGURE
16 GLOBAL PROCESS OIL MARKET, BY
PERSONAL CARE, 2019-2027 ($ MILLION)
FIGURE
17 GLOBAL PROCESS OIL MARKET, BY
TEXTILE, 2019-2027 ($ MILLION)
FIGURE
18 GLOBAL PROCESS OIL MARKET, BY OTHER
APPLICATION, 2019-2027 ($ MILLION)
FIGURE
19 THE UNITED STATES PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE
20 THE UNITED STATES PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE
21 CANADA PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
22 CANADA PROCESS OIL MARKET, 2019-2027 (KILOTONS)
FIGURE
23 CANADA VEHICLE SALES 2017-2018
FIGURE
24 THE UNITED KINGDOM PROCESS OIL
MARKET, 2019-2027 ($ MILLION)
FIGURE
25 THE UNITED KINGDOM PROCESS OIL
MARKET, 2019-2027 (KILOTONS)
FIGURE
26 THE UNITED KINGDOM MOTOR VEHICLE
PRODUCTION 2016-2018 (MILLION)
FIGURE
27 ITALY PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
28 ITALY PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
29 GERMANY PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
30 GERMANY PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
31 FRANCE PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
32 FRANCE PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
33 SPAIN PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
34 SPAIN PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
35 RUSSIA PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
36 RUSSIA PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
37 REST OF EUROPE PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE
38 REST OF EUROPE PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE
39 YEARLY COMPARISON OF SYNTHETIC RUBBER
PRODUCTION 2015 & 2016 (TONS)
FIGURE
40 CHINA PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
41 CHINA PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
42 PASSENGER VEHICLES SALES IN CHINA
2015-2017 (IN MILLION PER UNITS)
FIGURE
43 INDIA PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
44 INDIA PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
45 JAPAN PROCESS OIL MARKET, BY TYPES,
2019-2027 ($ MILLION)
FIGURE
46 JAPAN PROCESS OIL MARKET, BY TYPES,
2019-2027 (KILOTONS)
FIGURE
47 SOUTH KOREA PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE
48 SOUTH KOREA PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE
49 AUSTRALIA & NEW ZEALAND PROCESS
OIL MARKET, 2019-2027 ($ MILLION)
FIGURE
50 AUSTRALIA & NEW ZEALAND PROCESS
OIL MARKET, 2019-2027 (KILOTONS)
FIGURE
51 ASEAN COUNTRIES PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE
52 ASEAN COUNTRIES PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE
53 REST OF ASIA-PACIFIC PROCESS OIL
MARKET, 2019-2027 ($ MILLION)
FIGURE
54 REST OF ASIA-PACIFIC PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE
55 PASSENGER CAR PRODUCTION IN LATIN
AMERICA 2017
FIGURE
56 BRAZIL PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
57 BRAZIL PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
58 MEXICO PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
59 MEXICO PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
60 REST OF LATIN AMERICA PROCESS OIL
MARKET, 2019-2027 ($ MILLION)
FIGURE
61 REST OF LATIN AMERICA PROCESS OIL
MARKET, 2019-2027 (KILOTONS)
FIGURE
62 SAUDI ARABIA PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
63 SAUDI ARABIA PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE
64 TURKEY PROCESS OIL MARKET, 2019-2027
($ MILLION)
FIGURE
65 TURKEY PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE
66 UNITED ARAB EMIRATES PROCESS OIL
MARKET, 2019-2027 ($ MILLION)
FIGURE
67 UNITED ARAB EMIRATES PROCESS OIL
MARKET, 2019-2027 (KILOTONS)
FIGURE
68 SOUTH AFRICA PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE
69 SOUTH AFRICA PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE
70 REST OF MIDDLE EAST & AFRICA
PROCESS OIL MARKET, 2019-2027 ($ MILLION)
FIGURE
71 REST OF MIDDLE EAST & AFRICA
PROCESS OIL MARKET, 2019-2027 (KILOTONS)