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Asia-Pacific Base Oil Market by Type, by Application  - Trends & Forecast to 2020

Asia-Pacific Base Oil Market: Forecast until 2020

  • April 2015
  • 106 pages
  • ID: 2912615
In this report:
The demand for base oil in rest of Asia-Pacific is estimated to register a CAGR of ##.##% between 2015 and 2020.
The base oil plant produces about ##,## barrels per day of lubricants that is expected to cater to the needs of the customers in Europe, Latin America, and Eastern U.S.
India is the fastest growing market and is expected to register a CAGR of ##.##% between 2015 and 2020.

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The base oil market is anticipated to witness a steady increase rate in the upcoming five years. The smooth function of machinery and equipment requires lubricants. Therefrom, industrial increase is driving the global lubricants market and this in turn is growing the industry demand for base oil. The emerging markets including China and India (IN) are stimulating the rise of the base oil market due to rising industrial production.

The analysis examines the Asia-Pacific base oil market trends and estimations until 2020. The market size estimations have been provided in terms of market volume. The market research also identifies main manufacturers of base oil and offers review for each actor in terms of company overview, financials, products offered, and recent evolutions.

The Asia-Pacific base oil market is anticipated to witness a Compound annual growth rate of 3.50 percent from 2015 to 2020 and will reach market volume of 25,226.5 KT in 2020. The Asia-Pacific base oil market has been divided on the basis of applications into automotive, industrial application, and others. The sector demand has increased from vehicle owners for high performance lubricants to substitute conventional lubricants. Therefrom, there a increase in the market demand for synthetic lubricants and tus the demand of Group II and Group IV base oil is growing

The high cost of certain base oil including Group III and Group IV acts as a constraint for increase of the global Asia-Pacific base oil market. In spite of the cost, the sector for these types of base oil is anticipated to grow at higher rates than the other types. The industry demand for Group III and Group IV is driven due to its high performance.

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