Report Id: EMBOM1220
Base Oil Market Size By Type (Synthetic, Bio-based, Mineral), By Application (Hydraulic Oil, Grease, Metalworking Fluid, Automotive Oil, Industrial Oil), By Group (Group I, Group II, Group III, Group IV, Group V), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2022-2027
The base oil market is expected to be around US$ 47 Billion by 2027; Growing at a CAGR of about 5.2% in the given forecast period.
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Major Players
- Exxon Mobil Corporation
- Total S.A.
- H&R Ölwerke Schindler GmbH
- Saudi Aramco
- GS Caltex Corporation
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
5.2%
REPORT DESCRIPTION
The base oil market is expected to be around US$ 47 Billion by 2027; Growing at a CAGR of about 5.2% in the given forecast period.
Base oils are a major essential of any lubricant that supports them to attain different specifications like pour point, viscosity, thermal stability, oxidation, seal compatibility, and additive solubility. The product is generally polished via multiple processing technologies which contain conventional refining and other advanced refining techniques. Increasing demand for industrial lubricants, hydraulic fluids, thermal oils, greases and metalworking fluids made from raw stock fluids like base oil is anticipated to fuel the development of the market for base oil.
From a technological standpoint, the market for base oil has replicated significant changes since the past decade with manufacturers constantly investing in R&D activities to expand their portfolio.
The global Base Oil market is segregated on the basis of Type as Synthetic, Bio-based, and Mineral. Based on Application the global Base Oil market is segmented in Hydraulic Oil, Grease, Metalworking Fluid, Automotive Oil, Industrial Oil, and Others. Based on Group the global Base Oil market is segmented in Group I, Group II, Group III, Group IV, and Group V.
The global Base Oil market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Base Oil market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Exxon Mobil Corporation, Total S.A., H&R Ölwerke Schindler GmbH, Saudi Aramco, GS Caltex Corporation, S-Oil Corporation, Petrochina Company Limited, SK-Pertamina/ Pertamina, Sinopec, HPCL, and others are among the major players in the global Base Oil market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Base Oil Market has been segmented as below:
Base Oil Market, By Type
- Synthetic
- Bio-based
- Mineral
Base Oil Market, By Application
- Hydraulic Oil
- Grease
- Metalworking Fluid
- Automotive Oil
- Industrial Oil
- Others
Base Oil Market, By Group
- Group I
- Group II
- Group III
- Group IV
- Group V
Base Oil Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Base Oil Market, By Company
- Exxon Mobil Corporation
- Total S.A.
- H&R Ölwerke Schindler GmbH
- Saudi Aramco
- GS Caltex Corporation
- S-Oil Corporation
- Petrochina Company Limited
- SK-Pertamina/ Pertamina
- Sinopec
- HPCL
- Royal Dutch Shell PLC
- Chevron Corporation
- Neste Oil
- Avista Oil AG
- Nynas AB
- Petronas
- Repsol
- Lotos Oil Sp. Z O.O.
- Ergon Inc.
- Calumet Specialty Products Partners LP
The report covers:
- Global Base Oil market sizes from 2018 to 2027, along with CAGR for 2022-2027
- Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
- Global Base Oil market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Base Oil market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Base Oil market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics.
The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Base Oil market share. Major industry players with significant revenue share include Exxon Mobil Corporation, Total S.A., H&R Ölwerke Schindler GmbH, Saudi Aramco, GS Caltex Corporation, S-Oil Corporation, Petrochina Company Limited, SK-Pertamina/ Pertamina, Sinopec, HPCL, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Base Oil industry trends
- Find complete analysis on the market status
- Identify the Base Oil market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customization
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. Base Oil Market, By Type
5.1 Introduction
5.2 Synthetic
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Bio-based
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Mineral
5.4.1 Market Overview
5.4.2 Market Size and Forecast
6. Base Oil Market, By Application
6.1 Introduction
6.2 Hydraulic Oil
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Grease
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Metalworking Fluid
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Automotive Oil
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Industrial Oil
6.6.1 Market Overview
6.6.2 Market Size and Forecast
6.7 Others
6.7.1 Market Overview
6.7.2 Market Size and Forecast
7. Base Oil Market, By Group
7.1 Introduction
7.2 Group I
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Group II
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Group III
7.4.1 Market Overview
7.4.2 Market Size and Forecast
7.5 Group IV
7.5.1 Market Overview
7.5.2 Market Size and Forecast
7.6 Group V
7.6.1 Market Overview
7.6.2 Market Size and Forecast
8. Base Oil Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Base Oil, By Type
8.2.2 North America Base Oil, By Application
8.2.3 North America Base Oil, By Group
8.3 Europe
8.3.1 Europe Base Oil, By Type
8.3.2 Europe Base Oil, By Application
8.3.3 Europe Base Oil, By Group
8.4 Asia-Pacific
8.4.1 Asia-Pacific Base Oil, By Type
8.4.2 Asia-Pacific Base Oil, By Application
8.4.3 Asia-Pacific Base Oil, By Group
8.5 Rest of the World
8.5.1 Rest of the World Base Oil, By Type
8.5.2 Rest of the World Base Oil, By Application
8.5.3 Rest of the World Base Oil, By Group
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
10.1 Exxon Mobil Corporation
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Total S.A.
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 H&R Ölwerke Schindler GmbH
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Saudi Aramco
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 GS Caltex Corporation
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 S-Oil Corporation
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Petrochina Company Limited
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 SK-Pertamina/ Pertamina
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Sinopec
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 HPCL
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
10.11 Royal Dutch Shell PLC
10.11.1 Company Overview
10.11.2 Product/Service Landscape
10.11.3 Financial Overview
10.11.4 Recent Developments
10.12 Chevron Corporation.
10.12.1 Company Overview
10.12.2 Product/Service Landscape
10.12.3 Financial Overview
10.12.4 Recent Developments
10.13 Neste Oil
10.13.1 Company Overview
10.13.2 Product/Service Landscape
10.13.3 Financial Overview
10.13.4 Recent Developments
10.14 Avista Oil AG
10.14.1 Company Overview
10.14.2 Product/Service Landscape
10.14.3 Financial Overview
10.14.4 Recent Developments
10.15 Nynas AB
10.15.1 Company Overview
10.15.2 Product/Service Landscape
10.15.3 Financial Overview
10.15.4 Recent Developments
10.16 Petronas
10.16.1 Company Overview
10.16.2 Product/Service Landscape
10.16.3 Financial Overview
10.16.4 Recent Developments
10.17 Repsol
10.17.1 Company Overview
10.17.2 Product/Service Landscape
10.17.3 Financial Overview
10.17.4 Recent Developments
10.18 Lotos Oil Sp. Z O.O.
10.18.1 Company Overview
10.18.2 Product/Service Landscape
10.18.3 Financial Overview
10.18.4 Recent Developments
10.19 Ergon Inc
10.19.1 Company Overview
10.19.2 Product/Service Landscape
10.19.3 Financial Overview
10.19.4 Recent Developments
10.20 Calumet Specialty Products Partners LP
10.20.1 Company Overview
10.20.2 Product/Service Landscape
10.20.3 Financial Overview
10.20.4 Recent Developments
The Base Oil Market has been segmented as below:
Base Oil Market, By Type
- Synthetic
- Bio-based
- Mineral
Base Oil Market, By Application
- Hydraulic Oil
- Grease
- Metalworking Fluid
- Automotive Oil
- Industrial Oil
- Others
Base Oil Market, By Group
- Group I
- Group II
- Group III
- Group IV
- Group V
Base Oil Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Base Oil Market, By Company
- Exxon Mobil Corporation
- Total S.A.
- H&R Ölwerke Schindler GmbH
- Saudi Aramco
- GS Caltex Corporation
- S-Oil Corporation
- Petrochina Company Limited
- SK-Pertamina/ Pertamina
- Sinopec
- HPCL
- Royal Dutch Shell PLC
- Chevron Corporation
- Neste Oil
- Avista Oil AG
- Nynas AB
- Petronas
- Repsol
- Lotos Oil Sp. Z O.O.
- Ergon Inc.
- Calumet Specialty Products Partners LP
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Base Oil Market?
The market is expected to grow at a CAGR of 5.2% during the study period (2022-2027)
How big is the Base Oil Market value?
The global Base Oil Market Expected to Exceed more than US$ 47 Billion by 2027.
What is the segment’s covered for the Base Oil Market?
The segment included in the Base Oil Market is Type, Application, Group and Region.
Who are the major key vendors in the Base Oil Market?
Some key players operating in the Base Oil Market include Exxon Mobil Corporation, Total S.A., H&R Ölwerke Schindler GmbH, Saudi Aramco, GS Caltex Corporation
What are the different forms of the report available?
We can offer several formats of the market research reports including,
• PDF
• PPT
• Spreadsheet/ Workbook
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