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Process Oil Market by Type, Application, and Region - Global Forecasts to 2022

Process Oil Market: Global Forecasts until 2022

  • June 2017
  • 157 pages
  • ID: 4973886
In this report:
The demand for process oils from the personal care industry is expected to grow at a CAGR of ##.##% from 2017 to 2022.
The personal care segment is expected to grow at the highest CAGR of ##.##% from 2017 to 2022, in terms of value, owing to the rising consumption of non-carcinogenic or green process oils in personal care products.

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"The process oil market is estimated to rise at a compound annual growth rate of 3.80 percent between 2017 and 2022, in terms of value importance"

The process oil market is estimated to grow ~$5.6B by 2022, at a compound annual growth rate of 3.80 percent between 2017 and 2022. The increase of the market is influenced by the growing demand for process oils from the tire and rubber sector.

"Established on category, the naphthenic process oil segment is intended to be the most important segment of the process oil market in 2017"

Established on category, the naphthenic segment is forecasted to be the biggest segment of the process oil market in 2017, as naphthenic process oils are widely used for the manufacturing of different products, including rubber, inks, plasticizers, and sealants, among others. Naphthenic process oils are light-colored and non-staining compounds that have properties, including thermal stability, excellent compatibility with synthetic elastomers, greater solvating power than paraffinic oils, and low viscosity.

"Established on application, the tire & rubber segment is forecasted to witness more important increase during the outlook period"

Process oils growth the performance of rubber and tire products and offer high stability with a relative inertness towards curing additives. Process oils have low volatility, and high viscosity and plasticity. These properties facilitate the blending and dispersion of fillers in tire and rubber products and improve their elastomer workability.

"APAC is the quickest developing market for process oils"

Increase in the sales of automobiles in Asia-Pac is anticipated to boost the tire and rubber market, and consequently drive the consumption of process oils in the territory. The important increase in emerging economies has made Asia-Pacific a lucrative market for process oil manufacturers. The increase of the tire & rubber market in China (CN) and India (IN), has resulted in the high consumption of process oils in recent years.

Profile break-up of primary participants for the industry report:

• By Company category: Tier 1 - 42 %, Tier 2 - 25.0 percent, Tier 3 - 33.0 percent

• By Description: C-suite - 65.0 percent, D-level - 35.0 percent

• By Area: North America continent - 45.0 percent, Europe (EU) - 25.0 percent, Asia Pacific (APAC) - 16.0 percent, Middle East (ME) & African continent - 8.0 percent, South America region - 6.0 percent

Segment Research

As a part of the qualitative analysis, this research study offers a comprehensive analysis of major market drivers, industry restraints, possibilities, and opportunities. The study defines, depicts, and forecasts the process oil market established on category, application, and area. It offers strategic review of micromarkets with respect to individual developments trends, prospects, and their contribution to the global market.

It also considers the competitive strategies approved by several market actors, including Royal Dutch Shell plc, Chevron (NYSE:CVX), and Petronas Lubricants Belgium NV, Nynas AB, ORGKHIM Biochemical Holding, Repsol S.A., Avista Oil AG, and Hindustan Petroleum Corporation Limited.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analysis - industry study, market share research of top players, supply chain research, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, coming out and high-growth segments of the process oil market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on process oil provided by the top market actors

• Product Development/Innovative products: Detailed insight into up-on-coming technologies, analysis & growth activities, and recent product launches in the process oil market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the industries for process oils across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the process oil market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the process oil market

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