Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Global Base Oil Market - Prospects, Outlook and Growth Analysis for the Period 2018 – 2026". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Base Oil Market. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
Base oil is a primary raw material used in the production of lubricants. The usual composition of industrial lubricant is 90% base oil and 10% additives, while that of automotive fluids is 80% to 85% base oil and 15% to 20% additives. Various types of base oils, such as paraffinic, naphthenic, and bio-based, are available in the market. Higher the quantity of paraffin in base oil, higher is its viscosity index. Viscosity is an entwined property of base oil that is crucial for lubricity & cooling and production of effective and efficient lubricants. Base oil is a downstream product, which is obtained after the fractionation process of crude oil. Thus, commercial dynamics of base oil are closely tied to performance, availability, and volatility of crude oil in the market.
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The research study on the global base oil market provides detailed analysis of various groups and applications. These factors enable the analysis of various trends that would impact the market from 2018 to 2026. The report comprises a comprehensive coverage of the underlying economic and technological factors impacting the base oil market. The market positioning analysis of key players throws light on the competition prevalent in the market.
Different factors that affect the base oil market positively as well as negatively have been identified in this report. The report aims to provide comprehensive cross-sectional analysis of the base oil market across geographies including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Additionally, it highlights competition landscape of the base oil market and identifies business strategies adopted by leading players. Under the company profiles section, the report provides an overview of companies operating in the market, strategies deployed by them to gain a competitive advantage, SWOT analysis, annual revenue generated by them in the last five years, and recent developments.
Key market players profiled in the research study include Royal Dutch Shell Plc, Nynas AB, China Petrochemical Corporation, ExxonMobil Corporation, PetroChina Company Limited, GS Caltex Corporation, The Phillips 66 Company, SK Lubricants Co. Ltd, British Petroleum, and Chevron Corporation.
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The global base oil market has been segmented as follows:
Global Base Oil Market, by Group
Group I
SN 150
BS 150
SN 250
SN 500
Others (including SN 70, SN 130, SN 350, SN 900, and SN 1200)
Group II
N 150
N 500
N 600
Others (including N 70, N 100, and N220)
Group III
2 cSt
4 cSt
6 cSt
8 cSt
Group IV (PAO)
Group V (excluding Naphthenic)
Naphthenic
35-60 SUS
80-130 SUS
200-300 SUS
400-800 SUS
Above 1200 SUS
Re-refined
Global Base Oil Market, by Application
Automotive Fluids
Process Oils
Industrial Oils
Metalworking Fluids
Hydraulic Oils
Others (including Rust Prevention Oils, Greases, and Marine Lubricants)
Global Base Oil Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
Italy
France
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Mexico
Rest of South America
Key Takeaways
Extensive analysis of the base oil market trends and shares from 2018 to 2026 to identify growth opportunities and analyze market developments
List of key developments made by major players in the base oil market
List of key factors useful for building the roadmap of upcoming opportunities for the base oil market at the global, regional, and country levels
Comprehensive analysis of investments and price trends that would impact the outlook for the global base oil market between 2018 and 2026
Insights into growth opportunities for various stakeholders in the value chain and a detailed competition landscape of key players operating in the market to understand competition level
Porters’ Five Forces analysis that highlights the potency of buyers and suppliers and enables stakeholders to make profit-oriented business decisions
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