Process Oil Market

Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, and Non-Carcinogenic), Application (Tire & Rubber, Polymer, Personal Care, Textile), and Region (APAC, Europe, North America, MEA, South America)- Global Forecast to 2023

Report Code : CH 4085
Published ON : Apr, 2019

[161 Pages Report] The process oil market is projected to grow from USD 4.7 billion in 2018 to USD 5.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period. The growth of the process oil market can be attributed to the increased demand for process oil in the tire & rubber application

Process Oil Market

Based on type, polymer segment expected to command the second-largest market share during forecast period

The polymer segment is estimated to account for a share of 25.6% of the process oil market in 2018, in terms of value. Process oils are utilized in the polymer industry as plasticizing agents, catalyst carriers, extender oils, mold release agents, and pigment-dispersing agents.

Based on application, paraffinic segment expected to command the second-largest market share during forecast period

Paraffinic process oils use water as the pigment-carrying solvents in printing inks. These oils help the inks provide excellent color fidelity, sharp images, and vibrant colors in the final print. These inks are mostly used in indoor applications but can also be used in outdoor applications with lamination. Water tends to soak into uncoated substrates, due to which paraffinic process oils are advised to be used on coated substrates. These inks are generally used on textile and paper substrates. On textile substrates, these inks can be used to print on soft signage, home dιcor, and apparel. In soft signage, these inks are used for retail Point-of-Purchase (PoP) displays.

Process Oil Market

Asia Pacific process oil market expected to grow at the highest CAGR during forecast period

The Asia Pacific region is estimated to be the largest process oil market in 2018. China, India, Japan, and South Korea are the major countries in this regional process oil market. Rising disposable income has resulted in the increasing demand for automobiles and personal care products in this region, which is driving the growth of the market. Various leading players have been carrying out strategic expansion activities in the region to meet the growing demand from various end users.

Key Market Players

Major companies in the process oil market include Royal Dutch Shell (Netherlands), ExxonMobil (US), Total S.A. (France), Indian Oil Corporation Limited (India), Petronas Group (Malaysia), Repsol S.A. (Spain), Hindustan Petroleum Corporation Limited (India), Idemitsu Kosan Co., Ltd (Japan), Unipetrol Group (Czech Republic), Panama Petrochem Ltd (India), Nynas AB (Sweden), H&R Group (Germany), Apar Industries (India), Gandhar Oil Refinery Limited (India), and Hollyfrontier Refining & Marketing LLC (US). A total of 25 major players have been covered. These players have adopted expansions, agreements, acquisitions, partnerships, new product launches, and new product developments as the major strategies to consolidate their position in the market. Expansion has been the most dominant strategy adopted by major players between 2013 and 2018.

Recent Developments

  • In November 2017, Shell inaugurated the world’s third-largest production facility for grease and integrated lubricants in Tuas, Singapore. This facility is also the second-largest grease and integrated lubricants facility in Asia Pacific. This expansion helped the company enhance its presence in the Asia Pacific region.
  • In August 2017, ExxonMobil Asia Pacific Pte Ltd acquired an aromatics facility from Jurong Aromatics Corporation Pte Ltd (JAC) located at Jurong Island in Singapore. The facility has an ethylene production capacity of 1.9 million tons per year and pipe-still capacity of 592,000 barrels per day. The acquisition will provide the company with operational and logistical synergies and increase its aromatics production to over 3.5 million tons per year.
  • In April 2016, Nynas launched a new rubber process oil, Nytex 842, which provides all the advantages of a pure naphthenic oil such as high compatibility with polar and non-polar rubber, good processability, and excellent low-temperature properties. This new product launch enabled the company to strengthen its product portfolio and further improve its position in the market. Nytex 842 is manufactured using a future-proof, state-of-the-art hydrotreating technology. This product is compatible with a wide range of polymers, including natural rubber, functionalized solution-and emulsion-SBR, polybutadiene rubber, halobutyl rubber, and EPDM.

Key Questions Addressed by the Report

  • What will be the market size by 2023 and what will be the growth rate?
  • What are the key market trends?
  • What is driving the process oil market?
  • What are the challenges that impact growth of the process oil market?
  • Who are the key players in the process oil market?
  • The report covers process oil market for key regions, such as Asia Pacific, North America, Europe, Middle East & Africa, and South America.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Regional Scope
           1.3.2 Markets Covered
           1.3.3 Years Considered for the Report
    1.4 Currency & Pricing
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Process Oil Market
    4.2 Process Oil Market, By Type
    4.3 Process Oil Market, By Application
    4.4 Process Oil Market, By Region

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Regulations
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Tire Manufacturing Industry Across the Globe
                    5.3.1.2 Increasing Demand and Consumption of Process Oils in the Asia Pacific Region
                    5.3.1.3 Growing Use of Solution Styrene-Butadiene Rubber (S-SBR) in Automobile Tires
           5.3.2 Restraints
                    5.3.2.1 Implementation of the European Union Directive 2005/69/Ec Banning the Use of Polycyclic Aromatic Hydrocarbons in Tire Manufacturing
                    5.3.2.2 Increased Use of Soybean Oil as an Alternative for Process Oils in Tire Manufacturing
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand for Low-Viscosity Oils for Use in Vehicles
                    5.3.3.2 Increasing Demand for Green Process Oils Across the Globe
           5.3.4 Challenges
                    5.3.4.1 Fluctuating Price of Crude Oil
    5.4 Porter’s Five Forces Analysis
           5.4.1 Bargaining Power of Suppliers
           5.4.2 Bargaining Power of Buyers
           5.4.3 Threat of Substitutes
           5.4.4 Threat of New Entrants
           5.4.5 Intensity of Competitive Rivalry
    5.5 Macroeconomic Indicators
           5.5.1 Annual GDP Growth Rate of Major Economies
           5.5.2 Automotive Industry

6 Process Oil Market, By Type (Page No. - 44)
    6.1 Introduction
    6.2 Naphthenic
           6.2.1 The Naphthenic Segment is Estimated to Account for the Largest Share of the Process Oil Market
    6.3 Paraffinic
           6.3.1 Growing Demand From Printing Inks Industry is Expected to Fuel the Growth of Paraffinic Process Oil
    6.4 Non-Carcinogenic
           6.4.1 Non-Carcinogenic Type Segment Accounted for the Second Largest Share in the Process Oil Market
    6.5 Aromatic
           6.5.1 Use of Aromatic Process Oils has Been Limited to Very Few Applications Due to the Implementation of Stringent Regulations Pertaining to the Percentage of Pah

7 Process Oil Market, By Application (Page No. - 50)
    7.1 Introduction
    7.2 Tire & Rubber
           7.2.1 Tire & Rubber is the Largest and the Fastest Growing Application Segment
    7.3 Polymer
           7.3.1 Polymer Application Segment Accounted for the Second Largest Share in the Process Oil Market
    7.4 Personal Care
           7.4.1 Increasing Demand for Natural Skin Care Products is Driving the Growth of Personal Care Segment in Process Oil Market
    7.5 Textile
           7.5.1 Properties Such as Anti-Rupture and Anti-Dust Formation has Created A High Demand for Process Oils in the Textile Application
    7.6 Others

8 Regional Analysis (Page No. - 57)
    8.1 Introduction
    8.2 Asia Pacific
           8.2.1 China
                    8.2.1.1 China is Projected to Grow at the Highest CAGR During the Forecast Period in Process Oil Market
           8.2.2 India
                    8.2.2.1 Increasing Demand From the Tire Industry has Fuelled the Growth of the Process Oils in India
           8.2.3 Japan
                    8.2.3.1 Japan Accounted for the Second Largest Share in the Asia Pacific Process Oil Market
           8.2.4 South Korea
                    8.2.4.1 Increasing Demand From the Automotive Industry for Tire Application is Driving the Process Oil Market in South Korea
           8.2.5 Indonesia
                    8.2.5.1 Increasing Demand From the Rubber Industry is Driving the Process Oil Market in Indonesia
           8.2.6 Thailand
                    8.2.6.1 Growing Sales in Passenger Vehicles is Expected to Drive Tire Application in Thailand Process Oil Market
           8.2.7 Rest of Asia Pacific
    8.3 North America
           8.3.1 US
                    8.3.1.1 US Accounted for the Largest Share in the North America Process Oil Market
           8.3.2 Canada
                    8.3.2.1 Canada Accounted for the Second Largest Share in the North America Process Oil Market
           8.3.3 Mexico
                    8.3.3.1 Growing Demand for Tires in Mexico is Expected to Drive the Process Oil Market in Mexico
    8.4 Europe
           8.4.1 Russia
                    8.4.1.1 Russia Accounted for the Largest Share in the European Process Oil Market
           8.4.2 Germany
                    8.4.2.1 Growing Automotive Industry is Expected to Boost the Demand for Tire Application Segment of the Process Oil Market
           8.4.3 UK
                    8.4.3.1 UK Accounted for the Third Largest Share in the European Process Oil Market
           8.4.4 France
                    8.4.4.1 Growing Demand From the Automotive Industry is Expected to Drive the Process Oil Market in France
           8.4.5 Spain
                    8.4.5.1 Improving Economic Condition of Spain is Expected to Fuel the Growth of the Process Oil Market in Spain
           8.4.6 Italy
                    8.4.6.1 Growing Demand From the Automotive Industry is Expected to Drive the Process Oil Market in Italy
           8.4.7 Rest of Europe
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
                    8.5.1.1 Rising Demand for Personal Care Products is Expected to Boost the Growth of the Process Oil Market in Saudi Arabia
           8.5.2 UAE
                    8.5.2.1 The Tire & Rubber and Personal Care Application Segments are Expected to Drive the Growth of the Process Oil Market in the UAE
           8.5.3 Iran
                    8.5.3.1 The Automotive Industry in Iran is Expected to Drive the Process Oil Market in the Country
           8.5.4 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
                    8.6.1.1 Brazil Accounted for the Largest Share in the South America Process Oil Market
           8.6.2 Argentina
                    8.6.2.1 Process Oil Market in Argentina is Driven By the Increasing Demand From the Tire & Rubber Industry
           8.6.3 Columbia
                    8.6.3.1 Process Oil Market in Columbia is Driven By the Rising Demand From the Tire & Rubber Segment
           8.6.4 Rest of South America

9 Competitive Landscape (Page No. - 98)
    9.1 Overview
    9.2 Competitive Leadership Mapping, 2019
           9.2.1 Innovators
           9.2.2 Leaders
           9.2.3 Challengers
    9.3 Competitive Benchmarking
           9.3.1 Strength of Product Portfolio
           9.3.2 Business Strategy Excellence
    9.4 Sme Matrix, 2019
           9.4.1 Leaders
           9.4.2 Contenders
           9.4.3 Pacesetters
           9.4.4 Masters
    9.5 Market Ranking Analysis

10 Company Profiles (Page No. - 107)
(Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 Royal Dutch Shell PLC
     10.2 ExxonMobil
     10.3 Total S.A.
     10.4 Indian Oil Corporation Limited
     10.5 Petronas Group
     10.6 Repsol S.A.
     10.7 Hindustan Petroleum Corporation Limited
     10.8 Idemitsu Kosan Co., Ltd.
     10.9 Unipetrol Group
     10.10 Panama Petrochem Ltd.
     10.11 Nynas AB
     10.12 H&R Group
     10.13 APAR Industries Limited
     10.14 Gandhar Oil Refinery (India) Limited
     10.15 Hollyfrontier Refining & Marketing LLC
     10.16 Behran Oil Company
     10.17 Orgkhim Biochemical Holding
*Details on Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     10.18 Other Key Players
             10.18.1 Cpc Corporation
             10.18.2 Eagle Petrochem
             10.18.3 Lodha Petro
             10.18.4 Wbf Pte Ltd.
             10.18.5 Southwestern Petroleum Corporation
             10.18.6 Cross Oil Refining & Marketing, Inc.
             10.18.7 Kite International
             10.18.8 Iranol
             10.18.9 Vintrol Lubes Pvt. Ltd.
             10.18.10 Petro Gulf Fzc
             10.18.11 Witmans Industries Pvt. Ltd.
             10.18.12 Sterlite Lubricants Pvt. Ltd.
             10.18.13 Gulf Petroleum Ltd.
             10.18.14 Wellbank Global Pte Ltd.
             10.18.15 Ergon North & South America

11 Appendix (Page No. - 154)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (108 Tables)

Table 1 Process Oil Market Snapshot
Table 2 Car and Commercial Vehicle Production, By Country, 2017
Table 3 Annual GDP Growth Rate of Major Economies From 2012 to 2016
Table 4 Motor Vehicle Production, By Country
Table 5 Process Oil Market, By Type, 2016–2023 (USD Million)
Table 6 Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 7 Naphthenic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 8 Naphthenic Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 9 Paraffinic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 10 Paraffinic Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 11 Non-Carcinogenic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 12 Non-Carcinogenic Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 13 Aromatic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 14 Aromatic Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 15 Process Oil Market, By Application, 2016–2023 (USD Million)
Table 16 Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 17 Process Oil Market in Tire & Rubber, By Region, 2016–2023 (USD Million)
Table 18 Process Oil Market in Tire & Rubber, By Region, 2016–2023 (Kilotons)
Table 19 Process Oil Market in Polymer, By Region, 2016–2023 (USD Million)
Table 20 Process Oil Market in Polymer, By Region, 2016–2023 (Kilotons)
Table 21 Process Oil Market in Personal Care, By Region, 2016–2023 (USD Million)
Table 22 Process Oil Market in Personal Care, By Region, 2016–2023 (Kilotons)
Table 23 Process Oil Market in Textile, By Region, 2016–2023 (USD Million)
Table 24 Process Oil Market in Textile, By Region, 2016–2023 (Kilotons)
Table 25 Process Oil Market in Other Applications, By Region, 2016–2023 (USD Million)
Table 26 Process Oil Market in Other Applications, By Region, 2016–2023 (Kilotons)
Table 27 Process Oil Market, By Region, 2016–2023 (USD Million)
Table 28 Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 29 Asia Pacific: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 30 Asia Pacific: Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 31 Asia Pacific: Process Oil Market, By Type, 2016–2023 (USD Million)
Table 32 Asia Pacific: Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 33 Asia Pacific: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 34 Asia Pacific: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 35 China: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 36 China: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 37 India: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 38 India: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 39 Japan: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 40 Japan: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 41 South Korea: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 42 South Korea: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 43 Indonesia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 44 Indonesia: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 45 Thailand: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 46 Thailand: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 47 Rest of Asia Pacific: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 48 Rest of Asia Pacific: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 49 North America: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 50 North America: Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 51 North America: Process Oil Market, By Type, 2016–2023 (USD Million)
Table 52 North America: Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 53 North America: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 54 North America: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 55 US: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 56 US: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 57 Canada: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 58 Canada: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 59 Mexico: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 60 Mexico: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 61 Europe: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 62 Europe: Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 63 Europe: Process Oil Market, By Type, 2016–2023 (USD Million)
Table 64 Europe: Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 65 Europe: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 66 Europe: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 67 Russia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 68 Russia: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 69 Germany: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 70 Germany: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 71 UK: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 72 UK: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 73 France: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 74 France: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 75 Spain: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 76 Spain: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 77 Italy: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 78 Italy: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 79 Rest of Europe: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 80 Rest of Europe: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 81 Middle East & Africa: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 82 Middle East & Africa: Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 83 Middle East & Africa: Process Oil Market, By Type, 2016–2023 (USD Million)
Table 84 Middle East & Africa: Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 85 Middle East & Africa: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 86 Middle East & Africa: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 87 Saudi Arabia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 88 Saudi Arabia: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 89 UAE: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 90 UAE: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 91 Iran: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 92 Iran: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 93 Rest of Middle East & Africa: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 94 Rest of Middle East & Africa: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 95 South America: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 96 South America: Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 97 South America: Process Oil Market, By Type, 2016–2023 (USD Million)
Table 98 South America: Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 99 South America: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 100 South America: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 101 Brazil: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 102 Brazil: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 103 Argentina: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 104 Argentina: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 105 Columbia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 106 Columbia: Process Oil Market, By Application, 2016–2023 (Kilotons)
Table 107 Rest of South America: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 108 Rest of South America: Process Oil Market, By Application, 2016–2023 (Kilotons)


List of Figures (41 Figures)

Figure 1 Process Oil Market Segmentation
Figure 2 Process Oil Market: Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Process Oil Market: Data Triangulation
Figure 7 Tire & Rubber is Estimated to Be the Largest Segment in the Process Oil Market in 2018 in Terms of Value
Figure 8 Naphthenic Segment Estimated to Lead the Process Oil Market in 2018 in Terms of Value
Figure 9 Asia Pacific Estimated to Lead the Process Oil Market in 2018
Figure 10 Geographic Expansion in Emerging Markets Offers Lucrative Opportunities for Market Players
Figure 11 Naphthenic Process Oil Projected to Be the Leading Segment During Forecast Period
Figure 12 Tire & Rubber Segment Projected to Register the Highest CAGR During Forecast Period
Figure 13 Asia Pacific Process Oil Market Projected to Grow at the Highest CAGR During Forecast Period
Figure 14 Process Oil Market Dynamics
Figure 15 Global Average Crude Oil Price Per Barrel, 2010–2030
Figure 16 Process Oil Market: Porter’s Five Forces Analysis
Figure 17 Naphthenic Type Segment Projected to Lead Process Oil Market During Forecast Period
Figure 18 Tire & Rubber Application Segment Projected to Lead Process Oil Market During Forecast Period
Figure 19 Asia Pacific Process Oil Market Snapshot
Figure 20 North America Process Oil Market Snapshot
Figure 21 Europe Process Oil Market Snapshot
Figure 22 Middle East & Africa Process Oil Market Snapshot
Figure 23 South America Process Oil Market Snapshot
Figure 24 Companies in Process Oil Market Have Adopted Both Organic Growth and Inorganic Growth Strategies Between 2014 and 2019
Figure 25 Process Oil Market: Competitive Leadership Mapping, 2019
Figure 26 Process Oil Market: Emerging Companies Competitive Leadership Mapping, 2019
Figure 27 Process Oil Market Ranking, By Company, 2019
Figure 28 Royal Dutch Shell PLC: Company Snapshot
Figure 29 ExxonMobil: Company Snapshot
Figure 30 Total S.A.: Company Snapshot
Figure 31 Indian Oil Corporation Limited: Company Snapshot
Figure 32 Petronas: Company Snapshot
Figure 33 Repsol S.A.: Company Snapshot
Figure 34 Hindustan Petroleum Corporation Limited: Company Snapshot
Figure 35 Idemitsu Kosan Co., Ltd.: Company Snapshot
Figure 36 Unipetrol Group: Company Snapshot
Figure 37 Panama Petrochem Ltd.: Company Snapshot
Figure 38 Nynas AB: Company Snapshot
Figure 39 H&R Group: Company Snapshot
Figure 40 APAR Industries Limited: Company Snapshot
Figure 41 Gandhar Oil Refinery (India) Limited: Company Snapshot

This research study involved four major activities for estimating the current market size for process oil. Exhaustive secondary research was done to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers, certified publications, and articles by recognized authors; gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The process oil market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations, in the supply chain. The demand side of this market is characterized by the growth of the tire & rubber, polymer, personal care, and textile segments. The supply side is characterized by the development of new products and diverse application industries. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents interviewed:

Process Oil Market

To know about the assumptions considered for the study, download the pdf brochure

Market Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the total size of the process oil market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the tire & rubber, polymer, personal care, and textile segments.

Report Objectives

  • To define, describe, and forecast the process oil market on the basis of type, application, and region in terms of volume as well as value
  • To provide detailed information about key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and draw a competitive landscape of the market
  • To forecast the market size in terms of value and volume with respect to 5 main regions, namely, Asia Pacific, North America, Europe, Middle East & Africa, and South America, along with key countries in each region
  • To analyze competitive developments such as expansions, agreements, acquisitions, product launches, and partnerships in the process oil market
  • To strategically profile the key players operating in the process oil market and comprehensively analyze their core competencies2

1. Micromarkets are defined as further segments and subsegments of the process oil market included in the report.
2. Core competencies of companies are captured in terms of their key developments and key strategies adopted by them to sustain their position in the process oil market.

Scope of the report:

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD), Volume (KT)

Segments covered

Type, Application, and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

Royal Dutch Shell (Netherlands), ExxonMobil (US), Total S.A. (France), Indian Oil Corporation Limited (India), Petronas Group (Malaysia), Repsol S.A. (Spain), Hindustan Petroleum Corporation Limited (India), Idemitsu Kosan Co., Ltd (Japan), Unipetrol Group (Czech Republic), Panama Petrochem Ltd (India), Nynas AB (Sweden), H&R Group (Germany), Apar Industries (India), Gandhar Oil Refinery Limited (India), and Hollyfrontier Refining & Marketing LLC (US). Total 25 major players covered.

This research report categorizes the process oil market based on type, application, and region.

Process Oil Market, By Type

  • Naphthenic
  • Paraffinic
  • Non-carcinogenic
  • Aromatic

Process Oil Market, By Application

  • Tire & Rubber
  • Polymer
  • Personal Care
  • Textile
  • Others
    • Automotive
    • Adhesives & Sealants
    • Defoaming

Process Oil Market, By Region

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

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  • Further breakdown of the Rest of Asia Pacific, the Rest of Europe, and the Rest of Middle East & Africa process oil market in terms of value
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