HOME › Press Releases › Process Oil Market worth 4.98 Billion USD by 2020
Process Oil Market worth 4.98 Billion USD by 2020
The report "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Others), by Application (Tire & Rubber, Polymer, Personal Care, Textile, Others), by Region - Global Forecast to 2020", The global process oil market is projected to reach USD 4.98 Billion by 2020, at a CAGR of 2.5% from 2015 to 2020. Growth of various end user industries and increasing demand for finished lubricants from numerous industries are the factors expected to drive this market during the forecast period.
Browse 62 market data Tables and 47 Figures spread through 231 Pages and in-depth TOC on "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Others), by Application (Tire & Rubber, Polymer, Personal Care, Textile, Others), by Region - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
Among types, the naphthenic segment led the global process oil market in 2014
Among types, the naphthenic segment led the global process oil market in 2014 and accounted for the maximum market share, in terms of volume. This segment is projected to grow at the highest CAGR during the forecast period, 2015 to 2020.
Among applications, the tire & rubber segment led the global process oil market in 2014
The tire & rubber application segment led the global process oil market in 2014 and is projected to grow at the highest CAGR between 2015 and 2020. The increasing concern for fuel efficiency and lower energy consumption in the automotive sector are the factors driving growth of the tire & rubber application segment of the global process oil market.
The Asia-Pacific region led the global process oil market in 2014
In terms of value, the Asia-Pacific region led the global process oil market in 2014 and accounted for the largest market share. In terms of volume, the Asia-Pacific process oil market is expected to grow at the highest CAGR during the forecast period, 2015 to 2020. Recently, various industries have shifted their manufacturing units to the Asia-Pacific region, owing to availability of cheap labor and raw materials in the region. This is expected to drive the growth of the Asia-Pacific process oil market.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at, based on the key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Some of the leading players in this market are Royal Dutch Shell plc, Chevron Corporation, Petronas Lubricants Belgium NV, Nynas AB, Lukoil Oil Company, Repsol, and AVISTA OIL AG, among others.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India