Base Oil Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: August 3, 2020 |

The global base oil market size is accounted for over USD 25 billion in 2019 and projected to grow at a significant CAGR of over 4% during the forecast period 2020 to 2027. The increasing demand for high-performance oil in automotive industry is key factor to drive the market. Furthermore, rising demand for lubricants, hydraulic fluids, grease, and metalworking fluids are also expected to uplift the market growth over the forecast period. However, strict emission control regulations and volatile cost of crude oil are some factors to hinder the market growth.

The global base oil market is segmented on the basis of product type, end-use industry, and geography. By product type, the group I segment held the largest market share in 2019 and accounted for over 50% market share in terms of revenue. By application, the automotive segment dominated the market in 2019 and accounted for the largest market share across the globe. The increase for automotive industry in developing economies such as China and India are projected to maintain the segment growth over the forecast period.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global base oil market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Base Oil Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Base Oil Market Segmentation:

By Product:

  • Group I
  • Group II
  • Group III
  • Group IV
  • Group V

By End-Use:

  • Automotive Oils
  • Process Oils
  • Hydraulic Oils
  • Metalworking Fluids
  • Industrial Oils
  • Others

List of Key Companies:

  • Chevron Corporation
  • Exxon Mobil Corporation
  • S-OIL Corporation
  • Motiva Enterprises LLC
  • SK innovation Co., Ltd.
  • AVISTA OIL AG
  • Nynas AB
  • Repsol S.A.
  • Ergon, Inc.

Geographic Coverage:

  • North America Market Revenue and/or Volume
  • Europe Market Revenue and/or Volume
  • Asia Pacific Market Revenue and/or Volume
  • Middle-East and Africa Market Revenue and/or Volume
  • Latin America Market Revenue and/or Volume

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Report Coverage

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Key Questions Answered by Base Oil Market Report

  • Global base oil market forecasts from 2020-2027
  • Regional base oil market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Base Oil submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter's Five Force model, Value Chain Analysis pertaining to base oil market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level base oil markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the base oil market
  • Profiles and market share of the leading 10 companies in 2019 at a global level

(Reports will be updated due to COVID-19 impacts on the market)

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