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Group II & III Base Oil Market - Global Outlook & Forecast 2022-2027

Publisher Arizton Advisory and Intelligence
Published Apr 14, 2022
Length 259 Pages
SKU # ARZ17095712

Description

Group II & III Base Oil Market - Global Outlook & Forecast 2022-2027

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Group II & II Base Oil Market Report

The report considers the present scenario of the group II & III base oil market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.

The global group II & III base oil market is expected to reach USD 29.8 billion by 2027, growing at a CAGR of 6.7%.

KEY HIGHLIGHTS
  • Globally, the market for group II & III base oil is intensifying due to the need for low sulfur content, low viscosity, and a higher saturation of chemical bonds that are effective in meeting the current market trends of reducing carbon footprint and improving fuel economy.
  • In addition, stringent vehicle emission standards and high demand for lubricants are fuelling the market growth in recent years.
  • API group II base oil is in a dominant phase while group III base oil is in the evolving phase and is primarily used in high-performance engines.
GLOBAL GROUP II & II BASE OIL MARKET SEGMENTATION
  • From the technology perspective, hydrocracking is the dominant market segment.
  • From the application perspective, automotive oil is the dominant segment as it consumes the major chunk of group II & III base oil, followed by industrial oil, process oil, and others.
Segmentation by Technology
  • Hydrocracking
  • Hydrotreating
  • Catalytic Dewaxing
  • Others
Segmentation by Application
  • Automotive Oil
  • Industrial Oil
  • Process Oil
  • Others
GEOGRAPHICAL ANALYSIS
  • By 2027, APAC is expected to surpass North America in terms of group II & III base oil product revenue to become the leading group II & III base oil market globally. The market in APAC is predicted to witness the fastest growth during the forecast period with a CAGR of 7.47%, generating additional revenue of $5,778.03 million by 2027.
  • In APAC, China, India, and Japan are the major consumers of group II & III base oil. Increasing GDP along with the growth of the automotive & transportation industry, and power generation activities has increased the demand for group II & III base oil.
Segmentation by Geography
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • Russia
  • France
  • UK
  • Spain
  • Rest of Europe
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexica
  • Rest of Latin America
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Iran
  • Rest of the Middle East & Africa
VENDOR LANDSCAPE

The international players have been adopting an inorganic strategy to expand their footprint in the global market. It primarily involves mergers and acquisitions, expansion, and launching innovative products to strengthen their market position which significantly induces competition in the market. Mergers and acquisitions primarily benefit the companies by enabling better access to raw materials, production and distribution facilities, and R&D capabilities.

Key Vendors
  • Chevron Corporation
  • Exxon Mobil Corporation
  • Hyundai and Shell Base Oil Co.
  • Petro-Canada Lubricant
  • Saudi Arabian Oil Co.
Other Prominent Vendors
  • Asian Oil Company
  • Abu Dhabi National Oil Company
  • Chandri Wax Specialties Private Limited
  • Dodge
  • GS Caltex
  • Hindustan Petroleum Corporation Limited (HPCL)
  • HollyFrontier Corporation
  • Mehta Petro Refineries Ltd
  • Petroyag
  • Resolute Oil
  • Repsol
  • SBZ Corporation
  • Sinopec
  • Shandong Qingyuan Group Co.
  • Vertex Energy Inc
THE REPORT INCLUDES:

1. The Analysis of The Global Group II & II Base Oil Market Size and Growth Rate for The Forecast Period 2022-2027.

2. It Offers Comprehensive Insights into Current Industry Trends, Trend Forecast, And Growth Drivers About the Global Group II & II Base Oil Market.

3. The Report Provides the Latest Analysis of Market Share, Growth Drivers, Challenges, And Investment Opportunities.

4. It Offers a Complete Overview of Market Segments and The Regional Outlook of The Group II & II Base Oil Market.

5. The Report Offers a Detailed Overview of The Vendor Landscape, Competitive Analysis, And Critical Market Strategies to Gain Competitive Advantage.

Table of Contents

259 Pages
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 OVERVIEW
7.2 SUPPLY CHAIN ANALYSIS
7.2.1 CRUDE OIL REFINING/MANUFACTURING
7.2.2 SUPPLIERS/ DISTRIBUTORS
7.2.3 APPLICATIONS
7.3 REGULATIONS & STANDARDS
7.4 IMPACT OF COVID-19
7.4.1 SUPPLY SIDE
7.4.2 DEMAND SIDE
8 FREQUENTLY ASKED QUESTIONS
8.1 HOW WILL THE GROUP II & III BASE OIL MARKET PERFORM IN THE COMING YEARS?
8.2 WHAT ARE THE MAJOR FACTORS DRIVING THE DEMAND FOR GROUP II & III BASE OIL?
8.3 WHICH IS THE MOST PROFITABLE AND PREFERRED GROUP I & II BASE OIL TECHNOLOGY?
8.4 WHICH APPLICATION SEGMENT GENERATES THE HIGHEST REVENUE FOR THE GROUP II & III BASE OIL MARKET
8.5 WHICH IS THE FASTEST-GROWING REGION FOR GROUP I & II BASE OIL?
8.6 WHICH ARE THE MAJOR PLAYERS OPERATING IN THE GROUP II & III BASE OIL MARKET?
9 GROWTH OPPORTUNITY
9.1 TECHNOLOGY
9.2 APPLICATION
9.3 GEOGRAPHY
10 MARKET OPPORTUNITIES & TRENDS
10.1 INCREASING DEMAND FOR IMO-COMPLIANT MARINE FUEL
10.2 INCREASING GROUP II & III REFINING CAPACITY
11 MARKET GROWTH ENABLERS
11.1 INCREASING DEMAND FOR BIO-BASED LUBRICANTS
11.2 INCREASED USE OF PREMIUM BASE OIL IN APAC
11.3 INCREASING DISPOSABLE INCOME
12 MARKET RESTRAINTS
12.1 ELECTRIC VEHICLES HAMPERING GROWTH OF CONVENTIONAL LUBRICANTS
12.2 VOLATILITY IN CRUDE OIL PRICES
13 MARKET LANDSCAPE
13.1 MARKET OVERVIEW
13.2 MARKET SIZE & FORECAST
13.2.1 VOLUME AND VALUE
13.3 FIVE FORCES ANALYSIS
13.3.1 THREAT OF NEW ENTRANTS
13.3.2 BARGAINING POWER OF SUPPLIERS
13.3.3 BARGAINING POWER OF BUYERS
13.3.4 THREAT OF SUBSTITUTES
13.3.5 COMPETITIVE RIVALRY
14 TECHNOLOGY
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 CATALYTIC DEWAXING
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 HYDROCRACKING
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5 HYDROTREATING
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY
14.6 OTHERS
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.6.3 MARKET BY GEOGRAPHY
15 APPLICATION
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 AUTOMOTIVE OIL
15.3.1 MARKET OVERVIEW
15.3.2 KEY INSIGHTS
15.3.3 MARKET SIZE & FORECAST
15.3.4 MARKET BY GEOGRAPHY
15.4 INDUSTRIAL OIL
15.4.1 MARKET OVERVIEW
15.4.2 MARKET SIZE & FORECAST
15.4.3 MARKET BY GEOGRAPHY
15.5 PROCESS OIL
15.5.1 MARKET OVERVIEW
15.5.2 MARKET SIZE & FORECAST
15.5.3 MARKET BY GEOGRAPHY
15.6 OTHERS
15.6.1 MARKET OVERVIEW
15.6.2 MARKET SIZE & FORECAST
15.6.3 MARKET BY GEOGRAPHY
16 GEOGRAPHY
16.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
16.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
16.3 GEOGRAPHIC OVERVIEW
17 NORTH AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.2.1 BY VALUE
17.2.2 BY VOLUME
17.3 TECHNOLOGY
17.3.1 MARKET SIZE & FORECAST
17.4 APPLICATION
17.4.1 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
17.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
17.6 US
17.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.7 CANADA
17.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18 APAC
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.2.1 BY VALUE
18.2.2 BY VOLUME
18.3 TECHNOLOGY
18.3.1 MARKET SIZE & FORECAST
18.4 APPLICATION
18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
18.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
18.6 CHINA
18.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.7 INDIA
18.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.8 JAPAN
18.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.9 SOUTH KOREA
18.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.10 REST OF APAC
18.10.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19 EUROPE
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.2.1 BY VALUE
19.2.2 BY VOLUME
19.3 TECHNOLOGY
19.3.1 MARKET SIZE & FORECAST
19.4 APPLICATION
19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
19.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
19.6 GERMANY
19.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.7 RUSSIA
19.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.8 FRANCE
19.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.9 UK
19.9.1 MARKET SIZE & FORECAST
19.10 SPAIN
19.10.1 MARKET SIZE & FORECAST
19.11 REST OF EUROPE
19.11.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20 LATIN AMERICA
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.2.1 BY VALUE
20.2.2 BY VOLUME
20.3 TECHNOLOGY
20.3.1 MARKET SIZE & FORECAST
20.4 APPLICATION
20.4.1 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
20.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
20.6 BRAZIL
20.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.7 MEXICO
20.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.8 REST OF LATIN AMERICA
20.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21 MIDDLE EAST & AFRICA
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.2.1 BY VALUE
21.2.2 BY VOLUME
21.3 TECHNOLOGY
21.3.1 MARKET SIZE & FORECAST
21.4 APPLICATION
21.4.1 MARKET SIZE & FORECAST
21.5 KEY COUNTRIES
21.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
21.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
21.6 SAUDI ARABIA
21.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21.7 UAE
21.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21.8 IRAN
21.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21.9 REST OF MIDDLE EAST & AFRICA
21.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
22 COMPETITIVE LANDSCAPE
22.1 COMPETITION OVERVIEW
22.2 KEY DEVELOPMENTS – GROUP II & III BASE OIL AND RELATED ECOSYSTEM
22.2.1 MERGERS & ACQUISITIONS
22.2.2 INNOVATIONS
22.2.3 OTHER DEVELOPMENTS
23 KEY COMPANY PROFILES
23.1 CHEVRON CORPORATION
23.1.1 BUSINESS OVERVIEW
23.1.2 CHEVRON CORPORATION IN GROUP II & III BASE OIL MARKET
23.1.3 PRODUCT OFFERINGS
23.1.4 KEY STRENGTHS
23.1.5 KEY STRATEGIES
23.1.6 KEY OPPORTUNITIES
23.2 EXXON MOBIL CORPORATION
23.2.1 BUSINESS OVERVIEW
23.2.2 EXXON MOBIL CORPORATION IN GROUP II & III BASE OIL MARKET
23.2.3 PRODUCT OFFERINGS
23.2.4 KEY STRATEGIES
23.2.5 KEY STRENGTHS
23.2.6 KEY OPPORTUNITIES
23.3 HYUNDAI AND SHELL BASE OIL CO., LTD.
23.3.1 BUSINESS OVERVIEW
23.3.2 HYUNDAI AND SHELL IN GROUP II & III BASE OIL MARKET
23.3.3 PRODUCT OFFERINGS
23.3.4 KEY STRATEGIES
23.3.5 KEY STRENGTHS
23.3.6 KEY OPPORTUNITIES
23.4 PETRO-CANADA LUBRICANTS
23.4.1 BUSINESS OVERVIEW
23.4.2 PETRO-CANADA LUBRICANTS IN GROUP II & III BASE OIL MARKET
23.4.3 PRODUCT OFFERINGS
23.4.4 KEY STRATEGIES
23.4.5 KEY STRENGTHS
23.4.6 KEY OPPORTUNITIES
23.5 SAUDI ARABIAN OIL CO.
23.5.1 BUSINESS OVERVIEW
23.5.2 SAUDI ARABIAN OIL IN GROUP II & III BASE OIL MARKET
23.5.3 PRODUCT OFFERINGS
23.5.4 KEY STRATEGIES
23.5.5 KEY STRENGTHS
23.5.6 KEY OPPORTUNITIES
24 OTHER PROMINENT VENDORS
24.1 ASIAN OIL COMPANY
24.1.1 BUSINESS OVERVIEW
24.1.2 PRODUCT OFFERINGS
24.2 ABU DHABI NATIONAL OIL COMPANY
24.2.1 BUSINESS OVERVIEW
24.2.2 PRODUCT OFFERINGS
24.3 CHANDRI WAX SPECIALTIES
24.3.1 BUSINESS OVERVIEW
24.3.2 PRODUCT OFFERINGS
24.4 DODGE
24.4.1 BUSINESS OVERVIEW
24.4.2 PRODUCT OFFERINGS
24.5 GS CALTEX
24.5.1 BUSINESS OVERVIEW
24.5.2 PRODUCT OFFERINGS
24.6 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
24.6.1 BUSINESS OVERVIEW
24.6.2 PRODUCT OFFERINGS
24.7 HOLLYFRONTIER CORPORATION
24.7.1 BUSINESS OVERVIEW
24.7.2 PRODUCT OFFERINGS
24.8 MEHTA PETRO REFINERIES LTD
24.8.1 BUSINESS OVERVIEW
24.8.2 PRODUCT OFFERINGS
24.9 PURE PERFORMANCE
24.9.1 BUSINESS OVERVIEW
24.9.2 PRODUCT OFFERINGS
24.10 PETROYAG
24.10.1 BUSINESS OVERVIEW
24.10.2 PRODUCT OFFERINGS
24.11 RESOLUTE OIL
24.11.1 BUSINESS OVERVIEW
24.11.2 PRODUCT OFFERINGS
24.12 REPSOL
24.12.1 BUSINESS OVERVIEW
24.12.2 PRODUCT OFFERINGS
24.13 SBZ CORPORATION
24.13.1 BUSINESS OVERVIEW
24.13.2 PRODUCT OFFERINGS
24.14 SINOPEC
24.14.1 BUSINESS OVERVIEW
24.14.2 PRODUCT OFFERINGS
24.15 SHANDONG QINGYUAN GROUP CO., LTD
24.15.1 BUSINESS OVERVIEW
24.15.2 PRODUCT OFFERINGS
24.16 VERTEX ENERGY INC
24.16.1 BUSINESS OVERVIEW
24.16.2 PRODUCT OFFERINGS
25 REPORT SUMMARY
25.1 KEY TAKEAWAYS
25.2 STRATEGIC RECOMMENDATIONS
26 QUANTITATIVE SUMMARY
26.1 MARKET BY TECHNOLOGY
26.1.1 HYDROCRACKING
26.1.2 HYDROTREATING
26.1.3 CATALYTIC DEWAXING
26.1.4 OTHERS
26.2 MARKET BY APPLICATION
26.2.1 AUTOMOTIVE OIL
26.2.2 INDUSTRIAL OIL
26.2.3 PROCESS OIL
26.2.4 OTHERS
27 GEOGRAPHY
27.1 NORTH AMERICA
27.1.1 TECHNOLOGY
27.1.2 APPLICATION
27.2 EUROPE
27.2.1 TECHNOLOGY
27.2.2 APPLICATION
27.3 APAC
27.3.1 TECHNOLOGY
27.3.2 APPLICATION
27.4 LATIN AMERICA
27.4.1 TECHNOLOGY
27.4.2 APPLICATION
27.5 MIDDLE EAST & AFRICA
27.5.1 TECHNOLOGY
27.5.2 APPLICATION
28 APPENDIX
28.1 ABBREVIATIONS

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