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Rubber Process Oil Market by Type And Region - Global Forecast to 2023

Rubber Process Oil Market: Global Forecast until 2023

  • October 2018
  • 136 pages
  • ID: 5586653
In this report:
Apart from this, the synthetic rubber market is also expected to grow at a rate of ##% over the next few years.
The annual consumption of natural rubber is expected to grow at a rate of ##-##% over the next few years.
According to the regulations of the European Union, process oils containing more than ##% PCA cannot be used as rubber process oils in the manufacturing of tires and other rubber products.

Summary

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In terms of value significance, the rubber process oil market is estimated to rise at a compound annual growth rate of 4.10 percent from 2018 to 2023.

The rubber process oil market is forecasted to grow from ~$1.9B in 2018 to ~$2.3B by 2023, at a compound annual growth rate (CAGR) of 4.10 percent, from 2018 to 2023. The increase of the rubber process oil market can be accredited to the increased consumption of rubber process oils in the manufacturing of tires. The increasing number of automobiles across the world has contributed to the growing demand for tires, thereby leading to the rise of the rubber process oil market. The growth in the sales of automobiles in the Asia Pacific area has led to growing demand for tires, thereby leading to the increase of the Asia Pacific rubber process oil market. Formulation and implementation of the European union directive banning the use of PCA in tire manufacturing and rised use of soyabean oil as an alternative for rubber process oil in tire manufacturing are the top factors restricting the increase of the market.

The TDAE type segment is expected to increase at the maximal compound annual growth rate (CAGR) between 2018 and 2023.

TDAE is expected to rise at the highest CAGR (Compound annual growth rate) in terms of value importance between 2018 and 2023. The formulation and implementation of the regulations banning the use of DAE in the european area have led to an growth in the consumption of TDAE in the area.

The Asia Pacific Rubber process oil market is expected to grow at the highest compound annual growth rate (CAGR) from 2018 to 2023.

The Asia Pacific area is expected to account for the biggest share of the rubber process oil market in 2018.The increase of the Asia Pacific rubber process oil market can be attributed to growth in the sales of automobiles in the territory that is anticipated to boost the consumption of rubber process oils in the tire and rubber market of the area.

Different leading actors have adopted the strategies of expansions, latest product launches, and strategic agreements, to meet the increasing demand for rubber process oil.

The distribution of profiles of primary Q&A for the analysis has been provided below:

• By Company category: Tier 1-25.0 percent, Tier 2-35.0 percent, and Tier 3-40.0 percent

• By Description: C Level-25%, D Level-25%, and Others-50%

• By Area: Asia Pacific-40%, Europe-25%, North America-22%, the Middle East (ME) & Africa-8%, and South America-5%

As a part of the qualitative analysis, this research study offers a comprehensive overview of the drivers, industry restraints, possibilities, and opportunities in the rubber process oil market. It also considers competitive landscape approved by leading market actors, including Royal Dutch Shell plc, Chevron (NYSE:CVX), Petronas Lubricants Belgium NV, Nynas AB, ORGKHIM Biochemical Holding, Repsol S.A., and Hindustan Petroleum Corporation Limited are among others in the rubber process oil market.

Segment Research

This market report defines, segments, and projects the rubber process oil market established on category, end-use sector, and area.It strategically profiles top actors and comprehensively analyzes the ranking of the leading market actors.

It also tracks and analyzes competitive developments, including expansions, recent product launches, and strategic agreements in the rubber process oil market.

Reasons to Buy the Report

This business report is expected to benefit industry top players/new sector entrants in this sector by providing them the closest approximations of revenues of the rubber process oil market and its sub-segments.This industry report is also anticipated to help partners obtain an improved understanding of the competitive landscape, gain insights to improve the position of their businesses, and enable them to make suitable go-to-market approaches.

The market research is expected to benefit partners comprehend the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

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