Global Process Oil Market Growth 2023-2029
Process Oils are oils derived from petroleum that can be used in various chemical and technical industries, as raw materials or to optimize tire manufacturing, technical rubbers and polymers. In addition, these oils can be used to make asphalt boards, inks, paints, cable products, and more. The Process Oil industry can be broken down into several segments, Naphthenic, Paraffinic, Aromatic.
LPI (LP Information)' newest research report, the “Process Oil Industry Forecast” looks at past sales and reviews total world Process Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Process Oil sales for 2023 through 2029. With Process Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Process Oil industry.
This Insight Report provides a comprehensive analysis of the global Process Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Process Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Process Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Process Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Process Oil.
The global Process Oil market size is projected to grow from US$ 4218.8 million in 2022 to US$ 5810.3 million in 2029; it is expected to grow at a CAGR of 5810.3 from 2023 to 2029.
The biggest process oil manufacturer in Global Market is Shell, holds a share around 60%, followed by Nynas AB. Asia-Pacific is largest market, occupied for around 40 percent, followed around 20% market share for North America. In term of type, aromatic is the biggest segment with around 50% market share, In terms of application, personal care is the largest downstream market with a share about 90%.
This report presents a comprehensive overview, market shares, and growth opportunities of Process Oil market by product type, application, key manufacturers and key regions and countries.
Segmentation by type
Segmentation by application
Tire & Rubber
This report also splits the market by region:
Middle East & Africa
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ORGKHIM Biochemical Holding
Eni Oil Products
Key Questions Addressed in this Report
What is the 10-year outlook for the global Process Oil market?
What factors are driving Process Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Process Oil market opportunities vary by end market size?
How does Process Oil break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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