Base Oil Market Research Report

Base Oil Market by Product (Group I, Group II, III, IV, V) and by Application (Industrial Oils, Process Oils, Automotive Oils, Metalworking Fluids, Hydraulic Oils etc.) - Global Industry Analysis, Trends and Forecast

The base oil market is expected to be around US$ 42.40 billion by 2025; Growing at a CAGR of about 1.0% between 2019 and 2025.

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MARKET SNAPSHOT

Major Players

  • Exxon Mobile Corporation
  • Royal Dutch Shell plc
  • SK Lubricants Co. Ltd
  • Chevron Corporation
  • Study period:

    2018-2025

    Base Year:

    2019

    CAGR:

    1

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Base oil is used for creating many products such as metal processing fluids, motor oils and greases. The very essential part of base oil is viscosity, because different products need different property and composition in the oil. Base oil is created from chemical synthesis process or from crude oil by applying heat, when heating process is going hydrocarbons are separated which are heavy or light in weight. Petrol and other fuels are made from light hydrocarbon and base oil is produced from heavy one. It is suitable for making gear oil, premium engine oil and hydraulic oil.

     
    The base oil market is expected to be around US$ 42.40 billion by 2025; Growing at a CAGR of about 1.0% between 2019 and 2025.

     
    The major driving factors of base oil market are as follows:

     
    Development in automotive business will raised requirement for finished lubricants.
    Fast industrialization in rising economies drives the requirement for lubricants with different end user segmentation.
    Stringent secretion principals resulting in modifying in lubricant formulation system.

     
    The restraining factors of base oil market are as follows:
     
    Reducing crude oil values affects the base oil revenues.
    Gradual move to weight and sour crude oil through refiners will harmfully forces base oil production.

     
    The base oil market is segmented on the lines of its product, application and geography. Under product segmentation the base oil market covers Group I, Group II, Group III, Group IV and Group V. The base oil market is segmented on the lines of its application like industrial oil, hydraulic oil, grease, automotive oil and metalworking fluids. The base oil market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries. 

     
    This report provides:
     
    1) An overview of the global market for base oil and related technologies.
    2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
    3) Identifications of new market opportunities and targeted promotional plans for base oil market.
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry. 

     
    REPORT SCOPE:

     
    The scope of the report includes a detailed study of global and regional markets for various types of base oil with the reasons given for variations in the growth of the industry in certain regions.
     

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Exxon Mobile Corporation, Royal Dutch Shell plc, SK Lubricants Co. Ltd., and Chevron Corporation. Other market players profiled in this research report include British Petroleum plc, Sinopec Group, GS Caltex Corporation, MOGoil GmbH, PetroChina Company Limited, Phillips 66 Company, and S-Oil Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments. 
     

    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players. 

     
    The Base Oil Market has been segmented as below:  
     
    By Product Segment Analysis

    Group I
    Group II
    Group III
    Group IV
    Group V

     
    By Application Analysis

    Automotive Oil
    Industrial Oil
    Metalworking Fluids
    Hydraulic Oil
    Greases
    Others

     
    By Regional Analysis

    North America
    Europe
    Asia-Pacific
    Rest of the World

     
    Reasons to buy this Report: 

    1) Obtain the most up to date information available on all active and planned base oil industry globally.
    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.
    4) Assess your competitor’s refining portfolio and its evolution. 

     
    Customization:

     
    We can offer you custom research reports as per client’s special requirements.

    1 INTRODUCTION      

       1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources
     

     

    2 Research Methodology
        2.1 Assumptions
        2.2 Scope
        2.3 Global Base Oil Market, Research Design
        2.4 Research Methodology
        2.5 Integrated Ecosystem of the Global Base Oil Market
        2.6 Arriving at the Global Base Oil Market
        2.7 Demand Side Approach  
        2.8 Supply Side Approach  
               2.8.1 Key Industry Insights
               2.8.2 Key Data From Secondary Sources
               2.8.3 Key Data From Primary Sources

     

     

    3 Executive Summary
        3.1 Key Insights: Global Base Oil Market
        3.2 Automotive Oil is Expected to Drive the Global Base Oil Market
        3.3 Asia-Pacific to Witness the Highest Growth in the Global Base Oil Market
        3.4 Base Oil Regional Market Share, By Value (2018) & CAGR (2018-2024)
        3.5 Global Base Oil Market Snapshot- 2018 (Kilo Tons)

     

    4 Premium Insights
        4.1 Market Size, By Value
        4.2 Market: Developing vs Developed Nations
        4.3 Automotive Oil Segment Held the Largest Share of the Base Oil Market
        4.4 Group Iv Type Segment Held the Largest Share of the Base Oil Market
        4.5 High Growth Potential in Asia-Pacific for Base Oil Market

     

    5 Market Overview
        5.1 Introduction
        5.2 Global Base Oil Market, By Region, 2018 (USD Million)
        5.3 Global Base Oil Market, By Application, 2018 (USD Million)
        5.4 Drivers, Restraints, and Opportunities

     

    6 Industry Trends
        6.1 Market Structure & Value Chain Analysis
        6.2 Porter’s Five Forces Analysis
               6.2.1 Industry Trends: Porter’s Five Forces Analysis
               6.2.2 Industry Trends: Porter’s Five Forces Analysis
               6.2.3 Industry Trends: Porter’s Five Forces Analysis
               6.2.4 Industry Trends: Porter’s Five Forces Analysis
        6.3 Introduction
               6.3.1 GTL Base Oil Process
               6.3.2 History
               6.3.3 GTL Plants: Completed
               6.3.4 GTL Plants: Upcoming Plants
               6.3.5 Benefits of GTL Base Oil

     

    7 Global Base Oil Market, By Type
        7.1 Key Pointers
        7.2 Global Base Oil Market, By Type
               7.2.1 Global Market, By Type
               7.2.2 Global Market, By Type
        7.3 Global Market in Group I
               7.3.1 Global Market in Group I
        7.4 Global Market in Group II
               7.4.1 Global Market in Group II
        7.5 Global Market in Group III
               7.5.1 Global Market in Group III
        7.6 Global Market in Group Iv
               7.6.1 Global Market in Group Iv
        7.7 Global Market in Group V
               7.7.1 Global Market in Group V

     

    8 Global Base Oil Market, By Application
        8.1 Key Pointers
        8.2 Global Base Oil Market, By Application
               8.2.1 Global Market, By Application
               8.2.2 Global Market, By Application
        8.3 Global Market in Automotive Oil
               8.3.1 Global Market in Automotive Oil
        8.4 Global Market in Industrial Oil
               8.4.1 Global Market in Industrial Oil
        8.5 Global Market in Metalworking Fluids
               8.5.1 Global Market in Metalworking Fluids
        8.6 Global Market in Greases
               8.6.1 Global Market in Greases
        8.7 Global Market in Hydraulic Oil
               8.7.1 Global Market in Hydraulic Oil
        8.8 Global Market in Others
               8.8.1 Global Market in Others

     

    9 Regional Analysis
        9.1 Key Pointers
        9.2  Global Base Oil Market, By Region
               9.2.1 Global Market, By Region
        9.3 Asia- Pacific: Market Snapshot
               9.3.1 Asia- Pacific: Market, By Type
               9.3.2 Asia- Pacific: Market, By Application
               9.3.4 Asia- Pacific: Market, By Country
               9.3.5 Asia- Pacific: Market Size, By Country
               9.3.6 China: Market Snapshot
                        9.3.6.1 China: Market, By Type
                        9.3.6.2 China: Market, By Type
                        9.3.6.3 China: Market, By Type
                        9.3.6.4 China: Market, By Application
                        9.3.6.5 China: Market, By Application
                        9.3.6.6 China: Market, By Application
               9.3.7 India: Market Snapshot
                        9.3.7.1 India: Market, By Type
                        9.3.7.2 India: Market, By Type
                        9.3.7.3 India: Market, By Type
                        9.3.7.4 India: Market, By Application
                        9.3.7.5 India: Market, By Application
                        9.3.7.6 India: Market, By Application
               9.3.8 Japan: Base Oil Market Snapshot
                        9.3.8.1 Japan: Market, By Type
                        9.3.8.2 Japan: Market, By Type
                        9.3.8.3 Japan: Market, By Type
                        9.3.8.4 Japan: Market, By Application
                        9.3.8.5 Japan: Market, By Application
                        9.3.8.6 Japan: Market, By Application
               9.3.9 Indonesia: Market Snapshot
                        9.3.9.1 Indonesia: Market, By Type
                        9.3.9.2 Indonesia: Market, By Type
                        9.3.9.3 Indonesia: Market, By Type
                        9.3.9.4 Indonesia: Market, By Application
                        9.3.9.5 Indonesia: Market, By Application
                        9.3.9.6 Indonesia: Market, By Application
               9.3.10 South Korea: Base Oil Market Snapshot
                        9.3.10.1 South Korea: Market, By Type
                        9.3.10.2 South Korea: Market, By Type
                        9.3.10.3 South Korea: Market, By Type
                        9.3.10.4 South Korea: Market, By Application
                        9.3.10.5 South Korea: Market, By Application
                        9.3.10.6 South Korea: Market, By Application
               9.3.11 Rest of Asia-Pacific: Market Snapshot
                        9.3.11.1 Rest of Asia-Pacific: Market, By Type
                        9.3.11.2 Rest of Asia-Pacific: Market, By Type
                        9.3.11.3 Rest of Asia-Pacific: Market, By Type
                        9.3.11.4 Rest of Asia-Pacific: Market, By Application
                        9.3.11.5 Rest of Asia-Pacific: Market, By Application
                        9.3.11.6 Rest of Asia-Pacific: Market, By Application
        9.4 North America: Market Snapshot
               9.4.1 North America: Market, By Type
               9.4.2 North America: Market, By Application
               9.4.3 North America: Market, By Country
               9.4.4 North America: Market Size, By Country
               9.4.5 U.S.: Base Oil Market Snapshot
                        9.4.5.1 U.S.: Market, By Type
                        9.4.5.2 U.S.: Market, By Type
                        9.4.5.3 U.S.: Market, By Type
                        9.4.5.4 U.S.: Market, By Application
                        9.4.5.5 U.S.: Market, By Application
                        9.4.5.6 U.S.: Market, By Application
               9.4.6 Canada: Market Snapshot
                        9.4.6.1 Canada: Market, By Type
                        9.4.6.2 Canada: Market, By Type
                        9.4.6.3 Canada: Market, By Type
                        9.4.6.4 Canada: Market, By Application
                        9.4.6.5 Canada: Market, By Application
                        9.4.6.6 Canada: Market, By Application
               9.4.7 Mexico: Market Snapshot
                        9.4.7.1 Mexico: Market, By Type
                        9.4.7.2 Mexico: Market, By Type
                        9.4.7.3 Mexico: Market, By Type
                        9.4.7.4 Mexico: Market, By Application
                        9.4.7.5 Mexico: Market, By Application
                        9.4.7.6 Mexico: Market, By Application
        9.5 Europe: Market Snapshot
               9.5.1 Europe: Base Oil Market, By Type
               9.5.2 Europe: Market, By Application
               9.5.3 Europe: Market, By Country
               9.5.4 Europe: Market Size, By Country
               9.5.5 Russia: Market Snapshot
                        9.5.5.1 Russia: Market, By Type
                        9.5.5.2 Russia: Market, By Type
                        9.5.5.3 Russia: Market, By Type
                        9.5.5.4 Russia: Market, By Application
                        9.5.5.5 Russia: Market, By Application
                        9.5.5.6 Russia: Market, By Application
               9.5.6 Germany: Market Snapshot
                        9.5.6.1 Germany: Market, By Type
                        9.5.6.2 Germany: Market, By Type
                        9.5.6.3 Germany: Market, By Type
                        9.5.6.4 Germany: Market, By Application
                        9.5.6.5 Germany: Market, By Application
                        9.5.6.6 Germany: Market, By Application
               9.5.7 U.K.: Market Snapshot
                        9.5.7.1 U.K.: Market, By Type
                        9.5.7.2 U.K.: Market, By Type
                        9.5.7.3 U.K.: Market, By Type
                        9.5.7.4 U.K.: Market, By Application
                        9.5.7.5 U.K.: Market, By Application
                        9.5.7.6 U.K.: Market, By Application
               9.5.8 France: Base Oil Market Snapshot
                        9.5.8.1 France: Market, By Type
                        9.5.8.2 France: Market, By Type
                        9.5.8.3 France: Market, By Type
                        9.5.8.4 France: Market, By Application
                        9.5.8.5 France: Market, By Application
                        9.5.8.6 France: Market, By Application
               9.5.9 Italy: Market Snapshot
                        9.5.9.1 Italy: Market, By Type
                        9.5.9.2 Italy: Market, By Type
                        9.5.9.3 Italy: Market, By Type
                        9.5.9.4 Italy: Market, By Application
                        9.5.9.5 Italy: Market, By Application
                        9.5.9.6 Italy: Market, By Application
               9.5.10 Rest of Europe: Market Snapshot
                        9.5.10.1 Rest of Europe: Market, By Type
                        9.5.10.2 Rest of Europe: Market, By Type
                        9.5.10.3 Rest of Europe: Market, By Type
                        9.5.10.4 Rest of Europe: Market, By Application
                        9.5.10.5 Rest of Europe: Market, By Application
                        9.5.10.6 Rest of Europe: Market, By Application
        9.6 Rest of the World: Market Snapshot
               9.6.1 Rest of the World: Base Oil Market, By Type
               9.6.2 Rest of the World: Market, By Application
               9.6.3 Rest of the World: Market, By Country
               9.6.4 Rest of the World: Market Size, By Country
               9.6.5 Middle East: Market Snapshot
                        9.6.5.1 Middle East: Market, By Type
                        9.6.5.2 Middle East: Market, By Type
                        9.6.5.3 Middle East: Market, By Type
                        9.6.5.4 Middle East: Market, By Application
                        9.6.5.5 Middle East: Market, By Application
                        9.6.5.6 Middle East: Market, By Application
               9.6.6 Brazil: Market Snapshot
                        9.6.6.1 Brazil: Market, By Type
                        9.6.6.2 Brazil: Market, By Type
                        9.6.6.3 Brazil: Market, By Type
                        9.6.6.4 Brazil: Market, By Application
                        9.6.6.5 Brazil: Market, By Application
                        9.6.6.6 Brazil: Market, By Application
               9.6.7 Argentina: Base Oil Market Snapshot
                        9.6.7.1 Argentina: Market, By Type
                        9.6.7.2 Argentina: Market, By Type
                        9.6.7.3 Argentina: Market, By Type
                        9.6.7.4 Argentina: Market, By Application
                        9.6.7.5 Argentina: Market, By Application
                        9.6.7.6 Argentina: Market, By Application
               9.6.8 Others: Base Oil Market Snapshot
                        9.6.8.1 Others: Market, By Type
                        9.6.8.2 Others: Market, By Type
                        9.6.8.3 Others: Market, By Type
                        9.6.8.4 Others: Market, By Application
                        9.6.8.5 Others: Market, By Application
                        9.6.8.6 Others: Market, By Application

    The Base Oil Market has been segmented as below:  
     
    By Product Segment Analysis

    Group I
    Group II
    Group III
    Group IV
    Group V

     
    By Application Analysis

    Automotive Oil
    Industrial Oil
    Metalworking Fluids
    Hydraulic Oil
    Greases
    Others

     
    By Regional Analysis

    North America
    Europe
    Asia-Pacific
    Rest of the World

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 1% during the study period (2020-2025)
    The base oil market is expected to be around US$ 42.40 billion by 2025
    The segment included in base oil market is Product Segment, Application and region.
    Some key players operating in the base oil market include Exxon Mobile Corporation, Royal Dutch Shell plc, SK Lubricants Co. Ltd., and Chevron Corporation
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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