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Base Oil Market by Type, by Application, by Geography - Global Trends & Forecasts to 2020

Base Oil Market: Forecasts until 2020

  • February 2016
  • 315 pages
  • ID: 3641164
In this report:
The hydraulic oil segment of the global base oil market was at ##,##.## KT in 2014, and is expected to reach ##,##.## KT by 2020, at a CAGR of ##.##% from 2015 to 2020 The hydraulic oil application segment of the global base oil market was valued at USD ##.## Billion in 2014, and is projected to reach USD ##.## billion by 2020, at a CAGR of ##.##% during the forecast period.

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The overall base oil market is estimated to grow ~$41.7B by 2020, at a compound annual growth rate (CAGR) of ~0.9 percent from 2015 to 2020. The main reason for the increase ot the overall base oil market is growing demand for finished lubricants from different industries, together with rise in the number of different end user sectors.

"Automotive oil segment is the leading application segment of the overall base oil market"

Among applications, the automotive oil segment is forecasted to dominate the overall base oil market during the estimate period, 2015 to 2020. The automotive oil application segment is anticipated to grow at the highest CAGR (Compound annual growth rate) during the outlook period. The increase of this application segment can be accredited to increased demand for finished lubricant products from the automotive sector.

"Asia-Pac region is leading the overall base oil market, in terms of consumption"

In terms of consumption, the Asia-Pac region is the leader in the overall base oil market and this dominance is anticipated to continue during the estimate period as well. The Asia-Pacific base oil market is expected to grow at the highest compound annual growth rate (CAGR) between 2015 and 2022. Continuously increasing population and rising income levels, along strong economic increase in the emerging economies, including India and China (CN) are the main factors fueling the rise of the base oil market in the Asia Pacific (APAC) area.

Profile break-up of primary participants in this analysis:

- By Company Type - Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and 1/3 3 - 20.0 percent

- By Designation - C-level - 35.0 percent, Director-level - 25.0 percent, and Others - 40.0 percent

- By area - North america (NA) - 45.0 percent, Europe - 20.0 percent, Asia-Pacific - 30.0 percent, RoW - 5.0 percent

This analysis estimates the size of the overall base oil market during the outlook period, 2015 to 2020. As a part of quantitative analysis, the study segments the overall base oil market at regional level, with the current market estimation and estimate until 2020. Main regions included in this market report contain Asia Pacific (APAC), North America (NA), EU, and RoW. By application, the overall base oil market is categorized into automotive oil, industrial oil, metalworking fluids, hydraulic oil, greases, and others.

Futhermore, as a part of qualitative analysis, the industry research offers a comprehensive analysis of major market drivers, market restraints, alternatives, and opportunities. It also considers competitive landscape approved by the key industry players, including Royal Dutch Shell plc, Chevron (NYSE:CVX), Neste Oil, AVISTA OIL AG, Nynas AB, and PETRONAS, among others.

With the given market data, MarketsandMarkets also provides customizations as per specific needs of the firms.

Why acquiring this study can help you:

This industry report covers following main aspects:

- What will be the market value by 2020 and what will be the increase rate

- What are the top market trends

- What is driving the overall base oil market

- What are the opportunities that impact increase of the overall base oil market

- Who are the top actors in the overall base oil market

- The market research includes overall base oil market for main regions, including Asia-Pacific, North America continent, Europe (EU), and RoW

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Related Market Segments :

Lubricants

Motor Vehicle

Automotive

ref:plp2016

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