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 Apr, 2019, by marketsandmarkets.com

[157 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.

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

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
    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
    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

4 Premium Insights
    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
    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
    6.1 Introduction
    6.2 Naphthenic
    6.3 Paraffinic
    6.4 Non-Carcinogenic
           6.4.1 Treated Distillate Aromatic Extracted (TDAE)
           6.4.2 Treated Residual Aromatic Extract (TRAE)
           6.4.3 Mild Extracted Solvate
    6.5 Aromatic
           6.5.1 Distillate Aromatic Extracted (DAE)
           6.5.2 Residual Aromatic Extract (RAE)
    6.6 Bio-Based Process Oil

7 Process Oil Market, By Application
    7.1 Introduction
    7.2 Tire & Rubber
    7.3 Plastics 
    7.4 Personal Care
    7.5 Textile
    7.6 Adhesives & Sealants
    7.7 Paints & Coatings
    7.8 Pharmaceuticals
    7.9 Others ( Agriculture and Industrial)

8 Process Oil Market, By Function
    8.1 Introduction
    8.2 Extender Oil
    8.3 Plasticizer 
    8.4 Solvents
    8.5 Deformers
    8.6 Others

9 Process Oil Market, By Prodcuttion Technology
    9.1 Introduction
    9.2 Convention Route
    9.3 Gas to Liquid (GTL)

10 Regional Analysis
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 China
             10.2.2 India
             10.2.3 Japan
             10.2.4 South Korea
             10.2.5 Indonesia
             10.2.6 Thailand
             10.2.7 Rest of Asia Pacific
     10.3 North America
             10.3.1 US
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Europe
             10.4.1 Russia
             10.4.2 Germany
             10.4.3 UK
             10.4.4 France
             10.4.5 Spain
             10.4.6 Italy
             10.4.7 Rest of Europe
     10.5 Middle East & Africa
             10.5.1 Saudi Arabia
             10.5.2 UAE
             10.5.3 Iran
             10.5.4 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Columbia
             10.6.4 Rest of South America

11 Competitive Landscape
     11.1 Overview
     11.2 Competitive Leadership Mapping, 2019
             11.2.1 Innovators
             11.2.2 Leaders
             11.2.3 Challengers
     11.3 Competitive Benchmarking
             11.3.1 Strength of Product Portfolio
             11.3.2 Business Strategy Excellence
     11.4 Sme Matrix, 2019
             11.4.1 Leaders
             11.4.2 Contenders
             11.4.3 Pacesetters
             11.4.4 Masters
     11.5 Market Ranking Analysis

12 Company Profile
(Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, MnM View)* 
     12.1 Royal Dutch Shell PLC
     12.2 Exxonmobil
     12.3 Total S.A.
     12.4 Indian Oil Corporation Limited
     12.5 Petronas Group
     12.6 Repsol S.A.
     12.7 Hindustan Petroleum Corporation Limited
     12.8 Idemitsu Kosan Co., Ltd.
     12.9 Unipetrol Group
     12.10 Panama Petrochem Ltd
     12.11 Nynas AB
     12.12 H&R Group
     12.13 Apar Industries Limited
     12.14 Gandhar Oil Refinery (India) Limited
     12.15 Hollyfrontier Refining & Marketing LLC
     12.16 Behran Oil Company
     12.17 Orgkhim Biochemical Holding
     12.18 Other Key Players
             12.18.1 Cpc Corporation
             12.18.2 Eagle Petrochem
             12.18.3 Lodha Petro
             12.18.4 Wbf Pte Ltd.
             12.18.5 Southwestern Petroleum Corporation
             12.18.6 Cross Oil Refining & Marketing, Inc.
             12.18.7 Kite International
             12.18.8 Iranol
             12.18.9 Vintrol Lubes Pvt. Ltd.
             12.18.10 Petro Gulf Fzc
             12.18.11 Witmans Industries Pvt. Ltd
             12.18.12 Sterlite Lubricants Pvt. Ltd
             12.18.13 Gulf Petroleum Ltd
             12.18.14 Wellbank Global Pte Ltd
             12.18.15 Ergon North & South America
*Details on Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (230 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 Market, By Type, 2016–2023 (Kilotons)
Table 7 Naphthenic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 8 Naphthenic Market, By Region, 2016–2023 (Kilotons)
Table 9 Paraffinic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 10 Paraffinic Market, By Region, 2016–2023 (Kilotons)
Table 11 Non-Carcinogenic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 12 Non-Carcinogenic Market, By Region, 2016–2023 (Kilotons)
Table 13 Aromatic Process Oil Market, By Region, 2016–2023 (USD Million)
Table 14 Aromatic Market, By Region, 2016–2023 (Kilotons)
Table 15 Process Oil Market, By Application, 2016–2023 (USD Million)
Table 16 Market, By Application, 2016–2023 (Kilotons)
Table 17 Process Oil Market in Tire & Rubber, By Region, 2016–2023 (USD Million)
Table 18 Market in Tire & Rubber, By Region, 2016–2023 (Kilotons)
Table 19 Process Oil Market in Polymer, By Region, 2016–2023 (USD Million)
Table 20 Market in Polymer, By Region, 2016–2023 (Kilotons)
Table 21 Process Oil Market in Personal Care, By Region, 2016–2023 (USD Million)
Table 22 Market in Personal Care, By Region, 2016–2023 (Kilotons)
Table 23 Process Oil Market in Textile, By Region, 2016–2023 (USD Million)
Table 24 Market in Textile, By Region, 2016–2023 (Kilotons)
Table 25 Process Oil Market in Adhesives & Sealants, By Region, 2016–2023 (USD Million)
Table 26 Market in Adhesives & Sealants, By Region, 2016–2023 (Kilotons)
Table 27 Process Oil Market in Paints & Coatings, By Region, 2016–2023 (USD Million)
Table 28 Market in Paints & Coatings, By Region, 2016–2023 (Kilotons)
Table 29 Process Oil Market in Pharmaceutical, By Region, 2016–2023 (USD Million)
Table 30 Market in Pharmaceutical, By Region, 2016–2023 (Kilotons)
Table 31 Process Oil Market in Other Applications, By Region, 2016–2023 (USD Million)
Table 32 Market in Other Applications, By Region, 2016–2023 (USD Million)
Table 33 Process Oil Market, By Region, 2016–2023 (USD Million)
Table 34 Market, By Region, 2016–2023 (Kilotons)
Table 35 Asia Pacific: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 36 Asia Pacific: Market, By Country, 2016–2023 (Kilotons)
Table 37 Asia Pacific: Market, By Type, 2016–2023 (USD Million)
Table 38 Asia Pacific: Market, By Type, 2016–2023 (Kilotons)
Table 39 Asia Pacific: Market, By Application, 2016–2023 (USD Million)
Table 40 Asia Pacific: Market, By Application, 2016–2023 (Kilotons)
Table 41 Asia Pacific: Market, By Function, 2016–2023 (USD Million)
Table 42 Asia Pacific:Market, By Function, 2016–2023 (Kilotons)
Table 43 China: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 44 China: Market, By Application, 2016–2023 (Kilotons)
Table 45 China: Market, By Function, 2016–2023 (USD Million)
Table 46 China: Market, By Function, 2016–2023 (Kilotons)
Table 47 India: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 48 India: Market, By Application, 2016–2023 (Kilotons)
Table 49 India: Market, By Function, 2016–2023 (USD Million)
Table 50 India: Market, By Function, 2016–2023 (Kilotons)
Table 51 Japan: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 52 Japan: Market, By Application, 2016–2023 (Kilotons)
Table 53 Japan: Market, By Function, 2016–2023 (USD Million)
Table 54 Japan: Market, By Function, 2016–2023 (Kilotons)
Table 55 South Korea: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 56 South Korea: Market, By Application, 2016–2023 (Kilotons)
Table 57 South Korea: Market, By Function, 2016–2023 (USD Million)
Table 58 South Korea: Market, By Function, 2016–2023 (Kilotons)
Table 59 Indonesia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 60 Indonesia: Market, By Application, 2016–2023 (Kilotons)
Table 61 Indonesia: Market, By Function, 2016–2023 (USD Million)
Table 62 Indonesia: Market, By Function, 2016–2023 (Kilotons)
Table 63 Thailand: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 64 Thailand: Market, By Application, 2016–2023 (Kilotons)
Table 65 Thailand: Market, By Function, 2016–2023 (USD Million)
Table 66 Thailand: Market, By Function, 2016–2023 (Kilotons)
Table 67 Rest of Asia Pacific: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 68 Rest of Asia Pacific: Market, By Application, 2016–2023 (USD Million)
Table 69 Rest of Asia Pacific: Market, By Function, 2016–2023 (USD Million)
Table 70 Rest of Asia Pacific: Market, By Function, 2016–2023 (USD Million)
Table 71 North America: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 72 North America: Market, By Country, 2016–2023 (Kilotons)
Table 73 North America: Market, By Type, 2016–2023 (USD Million)
Table 74 North America: Market, By Type, 2016–2023 (Kilotons)
Table 75 North America: Market, By Application, 2016–2023 (USD Million)
Table 76 North America: Market, By Application, 2016–2023 2016–2023 (Kilotons)
Table 77 North America: Market, By Function, 2016–2023 (USD Million)
Table 78 North America: Market, By Function, 2016–2023 (Kilotons)
Table 79 US: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 80 US: Market, By Application, 2016–2023 (Kilotons)
Table 81 US: Market, By Function, 2016–2023 (USD Million)
Table 82 US: Market, By Function, 2016–2023 (Kilotons)
Table 83 Canada: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 84 Canada: Market, By Application, 2016–2023 (Kilotons)
Table 85 Canada: Market, By Function, 2016–2023 (USD Million)
Table 86 Canada: Market, By Function, 2016–2023 (Kilotons)
Table 87 Mexico: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 88 Mexico: Market, By Application, 2016–2023 (Kilotons)
Table 89 Mexico: Market, By Function, 2016–2023 (USD Million)
Table 90 Mexico: Market, By Function, 2016–2023 (Kilotons)
Table 91 Europe: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 92 Europe: Market, By Country, 2016–2023 (Kilotons)
Table 93 Europe: Market, By Type, 2016–2023 (USD Million)
Table 94 Europe: Market, By Type, 2016–2023 (Kilotons)
Table 95 Europe: Market, By Application, 2016–2023 (USD Million)
Table 96 Europe: Market, By Application, 2016–2023 (Kilotons)
Table 97 Europe: Market, By Function, 2016–2023 (USD Million)
Table 98 Europe: Market, By Function, 2016–2023 (Kilotons)
Table 99 Russia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 100 Russia: Market, By Application, 2016–2023 (Kilotons)
Table 101 Russia: Market, By Function, 2016–2023 (USD Million)
Table 102 Russia: Market, By Function, 2016–2023 (Kilotons)
Table 103 Germany: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 104 Germany: Market, By Application, 2016–2023 (Kilotons)
Table 105 Germany: Market, By Function, 2016–2023 (USD Million)
Table 106 Germany: Market, By Function, 2016–2023 (Kilotons)
Table 107 UK: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 108 UK: Market, By Application, 2016–2023 (Kilotons)
Table 109 UK: Market, By Function, 2016–2023 (USD Million)
Table 110 UK: Market, By Function, 2016–2023 (Kilotons)
Table 111 France: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 112 France: Market, By Application, 2016–2023 (Kilotons)
Table 113 France: Market, By Function, 2016–2023 (USD Million)
Table 114 France: Market, By Function, 2016–2023 (Kilotons)
Table 115 Spain: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 116 Spain: Market, By Application, 2016–2023 (Kilotons)
Table 117 Spain: Market, By Function, 2016–2023 (USD Million)
Table 118 Spain: Market, By Function, 2016–2023 (Kilotons)
Table 119 Italy: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 120 Italy: Market, By Application, 2016–2023 (Kilotons)
Table 121 Italy: Market, By Function, 2016–2023 (USD Million)
Table 122 Italy: Market, By Function, 2016–2023 (Kilotons)
Table 123 Rest of Europe: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 124 Rest of Europe: Market, By Application, 2016–2023 (Kilotons)
Table 125 Rest of Europe: Market, By Function, 2016–2023 (USD Million)
Table 126 Rest of Europe: Market, By Function, 2016–2023 (Kilotons)
Table 127 Middle East & Africa: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 128 Middle East & Africa: Market, By Country, 2016–2023 (Kilotons)
Table 129 Middle East & Africa: Market, By Type, 2016–2023 (USD Million)
Table 130 Middle East & Africa: Market, By Type, 2016–2023 (Kilotons)
Table 131 Middle East & Africa: Market, By Application, 2016–2023 (USD Million)
Table 132 Middle East & Africa: Market, By Application, 2016–2023 (Kilotons)
Table 133 Middle East & Africa: Market, By Function, 2016–2023 (USD Million)
Table 134 Middle East & Africa: Market, By Function, 2016–2023 (Kilotons)
Table 135 Saudi Arabia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 136 Saudi Arabia: Market, By Application, 2016–2023 (Kilotons)
Table 137 Saudi Arabia: Market, By Function, 2016–2023 (USD Million)
Table 138 Saudi Arabia: Market, By Function, 2016–2023 (Kilotons)
Table 139 UAE: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 140 UAE: Market, By Application, 2016–2023 (Kilotons)
Table 141 UAE: Market, By Function, 2016–2023 (USD Million)
Table 142 UAE: Market, By Function, 2016–2023 (Kilotons)
Table 143 Iran: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 144 Iran: Market, By Application, 2016–2023 (Kilotons)
Table 145 Iran: Market, By Function, 2016–2023 (USD Million)
Table 146 Iran: Market, By Function, 2016–2023 (Kilotons)
Table 147 Rest of Middle East & Africa: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 148 Rest of Middle East & Africa: Market, By Application, 2016–2023 (Kilotons)
Table 149 Rest of Middle East & Africa: Market, By Function, 2016–2023 (USD Million)
Table 150 Rest of Middle East & Africa: Market, By Function, 2016–2023 (Kilotons)
Table 151 South America: Process Oil Market, By Country, 2016–2023 (USD Million)
Table 152 South America: Market, By Country, 2016–2023 (Kilotons)
Table 153 South America: Market, By Type, 2016–2023 (USD Million)
Table 154 South America: Market, By Type, 2016–2023 (Kilotons)
Table 155 South America: Market, By Application, 2016–2023 (USD Million)
Table 156 South America: Market, By Application, 2016–2023 (Kilotons)
Table 157 South America: Market, By Function, 2016–2023 (USD Million)
Table 158 South America: Market, By Function, 2016–2023 (Kilotons)
Table 159 Brazil: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 160 Brazil: Market, By Application, 2016–2023 (Kilotons)
Table 161 Brazil: Market, By Function, 2016–2023 (USD Million)
Table 162 Brazil: Market, By Function, 2016–2023 (Kilotons)
Table 163 Argentina: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 164 Argentina: Market, By Application, 2016–2023 (Kilotons)
Table 165 Argentina: Market, By Function, 2016–2023 (USD Million)
Table 166 Argentina: Market, By Function, 2016–2023 (Kilotons)
Table 167 Columbia: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 168 Columbia: Market, By Application, 2016–2023 (Kilotons)
Table 169 Columbia: Market, By Function, 2016–2023 (USD Million)
Table 170 Columbia: Market, By Function, 2016–2023 (Kilotons)
Table 171 Rest of South America: Process Oil Market, By Application, 2016–2023 (USD Million)
Table 172 Rest of South America: Market, By Application, 2016–2023 (Kilotons)
Table 173 Rest of South America: Market, By Function, 2016–2023 (USD Million)
Table 174 Rest of South America: Market, By Function, 2016–2023 (Kilotons)
Table 175 Synthetic Rubber Market Size, By Region, 2015–2022 (USD Billion)
Table 176 North America: Synthetic Rubber Market Size, By Country, 2015–2022 (Kiloton)
Table 177 North America: Synthetic Rubber Market Size, By Country, 2015–2022 (USD Million)
Table 178 US: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 179 Canada: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 180 Mexico: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 181 Europe: Synthetic Rubber Market Size, By Country, 2015–2022 (Kiloton)
Table 182 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 183 Germany: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 184 France: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 185 UK: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 186 Italy: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 187 Russia: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 188 Rest of Europe: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 189 APAC: Synthetic Rubber Market Size, By Country, 2015–2022 (Kiloton)
Table 190 APAC: By Market Size, By Country, 2015–2022 (USD Million)
Table 191 APAC: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 192 APAC: By Market Size, By Type, 2015–2022 (USD Million)
Table 193 Top 10 Consumer Tire Producers in China, By CAPACity, 2014 (Million Units)
Table 194 Passenger Tire Production and Sale in China, 2009-2013 (Million Units)
Table 195 By Import and Export in China, 2011-2015
Table 196 China: Synthetic Rubber Market Size, By Type, 2015–2022 (Kilotons)
Table 197 Japan: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 198 South Korea: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 199 India: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 200 Thailand: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 201 Major Manufacturers in Thailand
Table 202 Malaysia: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 203 Rest of APAC: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 204 South America: Synthetic Rubber Market Size, By Country, 2015–2022 (Kiloton)
Table 205 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 206 South America: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 207 South America: By Market Size, By Type, 2015–2022 (USD Million)
Table 208 Brazil: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 209 Argentina: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 210 Rest of South America: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 211 Middle East & Africa: Synthetic Rubber Market Size, By Country, 2015–2022 (Kiloton)
Table 212 Middle East & Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 213 Middle East & Africa: Market Size, By Type, 2015–2022 (Kiloton)
Table 214 Middle East & Africa: Market Size, By Type, 2015–2022 (USD Million)
Table 215 109 Automotive Components Manufacturers in Saudi Arabia
Table 216 110 Saudi Arabia: Automotive Parts Import-Export Overview, 2015
Table 217 111 Saudi Arabia: Synthetic Rubber Market Size, By Type, 2015–2022 (Kiloton)
Table 218 113 South Africa: Market Size, By Type, 2015–2022 (Kiloton)
Table 219 Rubber Process Oil Market, By Region, 2016-2023 (USD Million)
Table 220 Rubber Process Oil Market, By Region, 2016-2023 (Kiloton)
Table 221 Asia Pacific By Market, By Country, 2016–2023 (USD Million)
Table 222 Asia Pacific By Market, By Country, 2016–2023 (Kilotons)
Table 223 North America By Market, By Country, 2016–2023 (USD Million)
Table 224 North America By Market, By Country, 2016–2023 (Kilotons)
Table 225 Europe By Market, By Country, 2016–2023 (USD Million)
Table 226 Europe By Market, By Country, 2016–2023 (Kilotons)
Table 227 Middle East & Africa By Market, By Country, 2016–2023 (USD Million)
Table 228 Middle East & Africa By Market, By Country, 2016–2023 (Kilotons)
Table 229 South America By Market, By Country, 2016–2023 (USD Million)
Table 230 South America By Market, By Country, 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.

The following customization options are available for the report

With the given market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

  • 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
  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 4085
Published ON
Apr, 2019
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