Base Oil Market by Type (Group I, Group II, Group III, Group IV, Group V), by Application (Automotive Oil, Industrial Oil, Metalworking Fluids, Greases, Hydraulic Oil, & Others), by Geography - Global Trends & Forecasts to 2020 [Updated: 16-02-2016]

Published by MarketsAndMarkets: 16 Feb 2016 | 489513 | In Stock

MarketsAndMarkets

The global base oil market is projected to reach USD 41.68 billion by 2020, at a CAGR of 0.95% between 2015 and 2020. The main reason for the growth of the global base oil market is increasing demand for finished lubricants from various industries, along with increase in the number of various end user industries.

“Automotive oil segment is the leading application segment of the global base oil market”

Among applications, the automotive oil segment is projected to lead the global base oil market during the forecast period, 2015 to 2020. The automotive oil application segment is expected to grow at the highest CAGR during the forecast period. The growth of this application segment can be attributed to increased demand for finished lubricant products from the automotive industry.

“Asia-Pacific region is leading the global base oil market, in terms of consumption”

In terms of consumption, the Asia-Pacific region is the leader in the global base oil market and this dominance is expected to continue during the forecast period as well. The Asia-Pacific base oil market is projected to grow at the highest CAGR from 2015 to 2020. Continuously growing population and increasing income levels, coupled with strong economic growth in the emerging economies, such as India and China are the major factors fueling the growth of the base oil market in the Asia-Pacific region.

Profile break-up of primary participants in this report:

• By Company Type - Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%

• By Designation – C-level – 35%, Director-level – 25%, and Others – 40%

• By Region – North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%



This study estimates the size of the global base oil market during the forecast period, 2015 to 2020. As a part of quantitative analysis, the study segments the global base oil market at regional level, with the current market estimation and forecast till 2020. Major regions covered in this report include Asia-Pacific, North America, Europe, and RoW. By application, the global base oil market is classified into automotive oil, industrial oil, metalworking fluids, hydraulic oil, greases, and others.

Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by the key market players, such as Royal Dutch Shell plc, Chevron Corporation, Neste Oil, AVISTA OIL AG, Nynas AB, and PETRONAS, among others.

With the given market data, MarketsandMarkets also offers customizations as per specific needs of the companies.



Reasons to buy this report:

This report covers following key aspects:

• What will be the market size by 2020 and what will be the growth rate

• What are the key market trends

• What is driving the global base oil market

• What are the challenges that impact growth of the global base oil market

• Who are the key players in the global base oil market

• The report covers global base oil market for key regions, such as Asia-Pacific, North America, Europe, and RoW

This report is published by MarketsAndMarkets

MarketsAndMarkets (M&M) is a full service market research company and consulting firm that produces 400 high-level, strategically analyzed, full-length reports a year, tracking more than 10 industries. M&M plans to launch industry-wise and country-wise market tracker reports for all the verticals they track. This intelligence database comprising of about 400 reports a year, will form one of the world's largest business intelligence resources worldwide.

M&M has effectively used technology to automate the management of large and complex market data tables and forecasts. At M&M, they aspire to assist their clients to achieve sustainable growth by providing incisive business insight into their respective markets. 

Buy This Report Now

Download Free Report Summary PDF

Base Oil Market by Type (Group I, Group II, Group III, Group IV, Group V), by Application (Automotive Oil, Industrial Oil, Metalworking Fluids, Greases, Hydraulic Oil, & Others), by Geography - Global Trends & Forecasts to 2020 [Updated: 16-02-2016] | Download PDF Summary

Download our FREE report summary PDF. It contains all the information on these web pages, plus a Proforma Invoice request form, should you need it to satisfy your company's internal order procedures.

Ordering Information

Orders are processed immediately and you will be notified of the despatch date on confirmation of your order.

Accepted Card Types

  • WorldPay Payments Processing

Buy now using our secure payment system.

Extensive Library of Reports Available

377,868 professional market reports and company analyses now available.

About SPi Reports

We specialise in selling market research and company reports from leading market research publishers. Use our comprehensive search service to find the reports that you're looking for.

Personal Service 

We are based in the UK and are committed to quality customer service. If you need help, contact our sales team for personal assistance: phone +44 (0) 1305 753769 or email office@sectorpublishing.com.