Process Oil Market

Process Oil Market valuation of US$ 5,697.4 Mn by the end of 2025
In an extensive analysis of the global process oil market, Persistence Market Research forecasts the
global process oil market to reach a market valuation of US$ 5,697.4 Mn by the end of 2025, up
from an estimated US$ 4,148.9 Mn in 2017, registering a CAGR of 4.1% over the forecast period.
Persistence Market Research presents the historical and current market forecast of the global
process oil market in a new report titled “Process Oil Market: Global Industry Analysis (2012–
2016) and Forecast (2017–2025).” The report also throws light on the factors likely to impact the
market over the course of the forecast period.
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Global Process Oil Market: Dynamics : The global process oil market is expected to witness
incremental $ opportunity of US$ 1,548.4 Mn between 2017 and 2025 and will be mainly driven by
the increasing automotive sector that eventually demands rubber process oil for the manufacturing
of rubber products such as tires and vehicle interiors. Process oil being the basic raw material used
in the production of goods in the rubber processing industry, the demand in the global market is
anticipated to witness significant growth during the next eight years. Process oil is also consumed in
large quantities in the polymers and paints and coatings industries. These sectors will drive volume
growth of the global process oil market in the foreseeable future. Some of the other factors likely to
boost the growth of the process oil market are –
A strategic shift from conventional rubber processing to oil based processin , A steady growth in
end-use industries such as automotive and rubber processing, coupled with an increase in refinery
capacity Increase in R&D activities in end-use industriesCompetitive advantage of access to
essential raw material feedstock : Global Process Oil Market: Segmental Forecast : The global
process oil market is segmented on the basis of Product Type (Aromatic, Paraffinic, Naphthenic)
and Application (Rubber Processing, Adhesives & Sealants, Consumer Products, Paints & Coatings,
Pharmaceuticals, Polymers, Others).
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The Aromatic product type segment is estimated to hold the maximum revenue share in the global
market – about 45% by the end of 2025. This segment will reach a market valuation of US$ 2,572.2
Mn by the end of the forecast period, up from an estimated US$ 1,806.7 Mn in 2017, registering a
CAGR of 4.5% during the forecast period.
By application, Rubber Processing will continue to hold a large share of the global market
throughout the period of forecast and register a CAGR of 4.6% in terms of value. This segment will
reach a market valuation of US$ 2,096.0 Mn by the end of 2025.
Global Process Oil Market: Regional Forecast : Persistence Market Research tracks the
performance of the global process oil market across the five key geographies of North America,
Latin America, Europe, Asia Pacific, and the Middle East & Africa. In terms of value share, the Asia
Pacific regional market will dominate the global process oil market, estimated to hold about 43%
market share by the end of 2025. The APAC process oil market is estimated to be valued at US$
1,590.2 Mn in 2017 and this is expected to increase to US$ 2,450.7 Mn by the end of 2025. This is
reflective of a CAGR of 4.6% in terms of value during the forecast period.
Global Process Oil Market: Vendor Landscape : The report profiles some of the leading companies
operating in the global process oil market such as Behran Oil Co, Ergon Inc., San Joaquin Refining
Co., Inc., Chevron Corp, Meiwa Corporation, Exxon Mobil Corporation, Nynas AB, Idemitsu
Kosan Co., Ltd., Calumet Specialty Products Partners, L.P., Total S.A., Hindustan Petroleum
Corporation Limited, Royal Dutch Shell plc., Petroliam Nasional Berhad (PETRONAS),
ORGKHIM BIOCHEMICAL HOLDING, Lubline, Avista Oil AG, Savita Oil Technologies Ltd.,
Panama Petrochem Ltd, Apar Industries Limited, and Raj Petro Specialties P. LTD.
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