Rubber Process Oil Market

The global rubber process oil market is projected to grow from USD 2.19 billion in 2025 to USD 2.49 billion by 2030, at a CAGR of 2.6% during the forecast period. Rubber process oil is a specialty petroleum-derived material used to improve the processing, flexibility, and performance of natural and synthetic rubber. It reduces compound viscosity, enhances filler dispersion, and supports the mechanical strength and durability needed in applications such as tires, industrial rubber goods, and thermoplastic elastomers. The market is being driven primarily by rising global vehicle production, which boosts the demand for tires and aftermarket replacements. Increasing use of synthetic rubber in automotive and industrial sectors further elevates RPO consumption, particularly for low-PAH and low-viscosity grades. Additionally, the shift toward high-performance tires—accelerated by the growing adoption of luxury cars and electric vehicles—is reinforcing the need for specialty rubber process oils that deliver superior heat resistance, elasticity, and long-term stability.

Sinopec (China), Exxon Mobil Corporation (US), PetroChina Company Limited (China), Chevron Corporation (US), and Shell plc (UK) fall under the winners’ category. These are leading players globally in the rubber process oil market according to their production capacities of rubber process oil.

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

Sinopec (China)

Sinopec is one of the major integrated oil refining and petrochemical enterprises operating across key segments such as exploration and production, refining, chemicals, marketing and distribution, and corporate and others. Within its chemical division, the company manufactures a broad range of petrochemical intermediates, including synthetic rubber, resins, and specialty oils, which serve as key inputs for producing rubber extender oils widely used in the tire and rubber industries. To comply with the European Directive 2005/69/EC, which limits the content of Benzo(a)pyrene (B(a)P), polycyclic aromatic hydrocarbons (PAHs), and polycyclic aromatics (PCA) in extender oils for tire manufacturing, Sinopec developed the Aromatic Rubber Extender Oil Extraction (ARE) process. This technology, commercialized at the Sinopec Jinan Refinery, enables the production of environmentally compliant extender oils that meet the European Directive standards. The ARE-derived products are now utilized by multiple rubber and tire manufacturers, supporting the shift toward cleaner and safer tire production. The company has a geographical presence in Mainland China, Singapore, and other countries.

PetroChina Company Limited (China)

PetroChina Company Limited, the listed arm of China National Petroleum Corporation (CNPC), is one of the largest integrated energy enterprises and China’s leading oil and gas producer, refiner, and distributor. With upstream and downstream operations spanning more than 30 countries, PetroChina manages an extensive portfolio across five core business segments: Exploration & Production, Refining & Chemicals, Marketing, Natural Gas & Pipelines, and Head Office & Others. Its Refining & Chemicals segment operates one of Asia’s largest refining systems, producing a full spectrum of fuels and petrochemical derivatives, including gasoline, diesel, jet fuel, naphtha, lubricants, specialty oils, and transformer oil. PetroChina is also a major producer of K Series naphthenic rubber oils manufactured through its PetroChina Karamay Lubricant Plant. The company has a regional presence in Mainland China, Singapore, and other countries.

Chevron Corporation (US)

Chevron Corporation is one of the world’s major integrated energy companies, engaged in the production of crude oil and natural gas and the manufacturing of transportation fuels, lubricants, petrochemicals, and fuel additives. The company also invests in technologies supporting renewable fuels, hydrogen, carbon capture, offsets, and emerging low-carbon energy solutions. It reported 3.3 million barrels of net oil-equivalent production per day and 9.8 billion barrels of net oil-equivalent proved reserves in 2024. Its operations are managed through three primary segments, namely, upstream, downstream, and all other.

The upstream segment focuses on oil and gas exploration, development, production, LNG activities, major pipeline operations, natural gas processing and marketing, gas-to-liquids, and carbon capture and storage. The downstream segment covers crude oil refining, product marketing, transportation of crude and refined products, petrochemicals, industrial plastics, and lubricant and fuel additive manufacturing, alongside renewable fuels operations. Other activities include corporate functions, finance, real estate, insurance, and technology development.

Chevron provides rubber process oils through Chevron U.S.A. Inc., a key subsidiary that operates most of its US upstream and downstream assets. The company has a regional presence in Africa, Asia Pacific, the Middle East, Europe, North America, and South America.

Exxon Mobil Corporation (US)

Exxon Mobil Corporation is one of the world’s largest integrated energy and chemical companies, with a history spanning more than 140 years and operations across over 50 countries. The company manages a broad portfolio that includes oil and gas exploration and production, refining and fuels marketing, petrochemical manufacturing, and specialty products under well-known brands such as Exxon, Mobil, Esso, and XTO.

Its businesses are organized into four core segments—Upstream, Energy Products, Chemical Products, and Specialty Products—allowing the company to deliver energy, lubricants, and chemical materials that support global industries and everyday life. Alongside its conventional operations, ExxonMobil is expanding investments in lower-carbon initiatives such as carbon capture, hydrogen, biofuels, and advanced materials. ExxonMobil operates across the Americas, Europe, Asia Pacific, and the Middle East & Africa.

Shell plc (UK)

Shell plc is a global group of energy and petrochemical companies operating across more than 70 countries. The company’s activities range from oil and gas exploration, production and LNG supply to refining, petrochemicals manufacturing, and the global marketing of fuels and lubricants. Shell is also expanding its portfolio in renewable power, hydrogen, carbon capture, and other energy-transition solutions as part of its long-term business strategy.

Shell is organized into six main business segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. Integrated Gas manages natural gas production and LNG supply chains, including global gas marketing. The Upstream segment focuses on the exploration and extraction of crude oil, natural gas, and NGLs, supported by the infrastructure required to deliver these resources to markets. The Marketing segment provides fuels, lubricants, biofuels blending, and mobility services, including EV charging and retail stations worldwide. The Chemicals and Products segment operates refineries and petrochemical plants, producing a wide range of intermediates and finished products for industrial, transport, and consumer applications. The Renewables and Energy Solutions segment covers power generation and trading, hydrogen production, CCS hubs, and nature-based carbon programs. The company has a geographical presence in North America, Europe, the Middle East, Asia Pacific, and Africa.

Market Ranking

In the global rubber process oil market, companies are ranked based on revenue, production capacity, technological innovation, and market presence. Leading players such as Sinopec (China), Exxon Mobil Corporation (US), PetroChina Company Limited (China), Chevron Corporation (US), and Shell plc (UK) are playing a crucial role in global supply, accounting for a significant share of total rubber process oil production and exports.

Related Reports:

Rubber Process Oil Market by Type (Naphthenic, Paraffinic, TDAE, DAE, MES, RAE, and TRAE), Application (Tires, Industrial Rubber Products, Oil-extended Polymers, and Thermoplastic Elastomers), Viscosity, and Region - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com