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Base Oil Market by Application (Industrial Oils, Automotive Oils, Process Oils, Hydraulic Oils) - Global Opportunity Analysis and Industry Size, Trends 2017-2022

 Chemical and Material

Report Overview

GLOBAL BASE OIL MARKET was valued at USD 31.8 Billion in the year 2017. Global Base Oil Market is further estimated to grow at a CAGR of 1.27% from 2018 to reach USD 34.74 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period. At a country level, developed markets like China & India with highest population base holds the notable market share in 2017 and are projected to grow strongly in the coming years.

Chevron Corporation (US), Royal Dutch Shell plc (The Netherlands), BP PLC (UK), Exxon Mobil Corporation (US) are some of the key players in the Base Oil market with Chevron Corporation holding substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

     Growth of automotive industry in APAC

     Rapid urbanization

Restraints:

     Volatile prices of crude oil

Opportunities:

     American Base Oil industry moves into Group III use

Challenges:

     Often changing engine specifications

Between Automotive Oil, Industrial Oil and Process Oil; Automotive Oil segment is gaining popularity and because of its easy availability this segment is expected to hold the highest market share during the forecast period.

On the other hand, Process Oil for this market is expected to grow at the highest CAGR of XXX during the year 2018-2022.

Key Benefits for Stakeholders

Base Oil Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End use industries

Regulatory bodies, policy actors and consumers.

By Application

Industrial Oils

Automotive Oils

Process Oils

Hydraulic Oils

Others

By Product

Group I

Group II

Group III

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

Chevron Corporation (US)

Royal Dutch Shell plc (The Netherlands)

BP p.l.c. (UK)

Exxon Mobil Corporation (US)

Petroliam Nasional Berhad (Malaysia)

Evonik Industries (Germany)

Repsol (Spain)

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1  Market Vision

     1.1.1 Market Definition

     1.1.2 Market Scope

1.2  Limitations

1.3  Stakeholders

2. Research Methodology

2.1. Research Process

     2.1.1. Secondary Research

              2.1.1.1. Key Data from Secondary Research

     2.1.2. Primary Research

              2.1.2.1. Key Data from Primary Research

              2.1.2.2. Breakdowns of Primary Interviews

2.2. Market Size Estimation

     2.2.1. Bottoms-Up Approach

     2.2.2. Top-Down Approach

     2.2.3. Annual Turnover Process

2.3. Data Triangulation 

2.4. Research Assumptions 

    2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards 

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

     5.2.1. Threat of New Entrants

     5.2.2. Threat of Substitutes

     5.2.3. Bargaining Power of Buyers

     5.2.4. Bargaining Power of Suppliers

     5.2.5. Intensity of Competitive Rivalry

6. Base Oil Market, By Application

6.1. Industrial Oils 

6.2. Automotive Oils 

6.3. Process Oils

6.4. Hydraulic Oils

6.5. Others       

7. Base Oil Market, By Product

7.1. Group I

7.2. Group II

7.3. Group III

8. Geographical Analysis

8.1. Introduction

8.2. North America

              8.2.1. U.S.

              8.2.2. Canada

              8.2.3. Mexico

8.3. Europe

              8.3.1. U.K.

              8.3.2. Germany

              8.3.3. Spain

              8.3.4. Russia

              8.3.5. RoE

8.4. Asia Pacific

              8.4.1. China

              8.4.2. India

              8.4.3. South Korea

              8.4.4. RoAPAC

8.5. RoW

              8.5.1. Latin America

                            8.5.1.1. Brazil

                            8.5.1.2. Argentina

                            8.5.1.3. Rest of Latin America

              8.5.2. Middle East and Africa

9. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

9.1 Chevron Corporation 

9.2 Royal Dutch Shell plc 

9.3 BP p.l.c. 

9.4 Exxon Mobil Corporation 

9.5 Petroliam Nasional Berhad

9.6 Evonik Industries 

9.7 Repsol 

9.8 Nynas AB 

9.9 S-Oil Corporation

9.10 Castrol Limited

10. Competitive Analysis

10.1. Introduction

10.2. Market Positioning of Key Players

10.3 Competitive Strategies Adopted by Leading Players

              10.3.1. Investments & Expansions

              10.3.2. New Product Launches

              10.3.3. Mergers & Acquisitions

              10.3.4. Agreements, Joint Ventures, and Partnerships

11. Appendix

11.1. Questionnaire

11.2. Available Customizations 

11.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

List of Tables (57 Tables)

 

TABLE 1 Global Base Oil Market Snapshot

TABLE 2 Global Base Oil Market: Base Oil Groups and Grades

TABLE 3 Global Base Oil Market: Impact of Crude Base Oil Refining Process on Product Performance

TABLE 4 Global Base Oil Market: Types of Base Oils According to American Petroleum Institute (API)

TABLE 5 Market Drivers of Global Base Oil Market: Impact Analysis

TABLE 6 Market Restraints of Global Base Oil Market: Impact Analysis

TABLE 7 Market Opportunity of Global Base Oil Market: Impact Analysis

TABLE 8 North America Base Oil Demand Estimates and Forecast, by Product, 2018 – 2023(Kilo Tons)

TABLE 9 North America Base Oil Demand Estimates and Forecast, by Group I, 2018-2023(Kilo Tons)

TABLE 10 North America Base Oil Demand Estimates and Forecast, by Group II, 2018-2023(Kilo Tons)

TABLE 11 North America Base Oil Demand Estimates and Forecast, by Group III, 2018-2023(Kilo Tons)

TABLE 12 North America Base Oil Market Revenue Estimates and Forecast, by Product, 2018 – 2023  (USD Million)

TABLE 13 North America Base Oil Market Revenue Estimates and Forecast, by Group I, 2018-2023(USD Million)

TABLE 14 North America Base Oil Market Revenue Estimates and Forecast, by Group II, 2018-2023(USD Million)

TABLE 15 North America Base Oil Market Revenue Estimates and Forecast, by Group III, 2018-2023(USD Million)

TABLE 16 North America Base Oil Demand Estimates and Forecast, by Application, 2018 – 2023(Kilo Tons)

TABLE 17 North America Base Oil Market Revenue Estimates and Forecast, by Application, 2018 – 2023(USD Million)

TABLE 18 Europe Base Oil Demand Estimates and Forecast, by Product, 2018 – 2023(Kilo Tons)

TABLE 19 Europe Base Oil Demand Estimates and Forecast, by Group I, 2018-2023(Kilo Tons)

TABLE 20 Europe Base Oil Demand Estimates and Forecast, by Group II, 2018-2023(Kilo Tons)

TABLE 21 Europe Base Oil Demand Estimates and Forecast, by Group III, 2018-2023(Kilo Tons)

TABLE 22 Europe Base Oil Market Revenue Estimates and Forecast, by Product, 2018 – 2023 (USD Million)

TABLE 23 Europe Base Oil Market Revenue Estimates and Forecast, by Group I, 2018-2023(USD Million)

TABLE 24 Europe Base Oil Market Revenue Estimates and Forecast, by Group II, 2018-2023(USD Million)

TABLE 25 Europe Base Oil Market Revenue Estimates and Forecast, by Group III, 2018-2023(USD Million)

TABLE 26 Europe Base Oil Demand Estimates and Forecast, by Application, 2018 – 2023(Kilo Tons)

TABLE 27 Europe Base Oil Market Revenue Estimates and Forecast, by Application, 2018 – 2023(USD Million)

TABLE 28 Asia Pacific Base Oil Demand Estimates and Forecast, by Product, 2018 – 2023(Kilo Tons)

TABLE 29 Asia Pacific Base Oil Demand Estimates and Forecast, by Group I, 2018-2023(Kilo Tons)

TABLE 30 Asia Pacific Base Oil Demand Estimates and Forecast, by Group II, 2018-2023(Kilo Tons)

TABLE 31 Asia Pacific Base Oil Demand Estimates and Forecast, by Group III, 2018-2023(Kilo Tons)

TABLE 32 Asia Pacific Base Oil Market Revenue Estimates and Forecast, by Product, 2018 – 2023(USD Million)

TABLE 33 Asia Pacific Base Oil Market Revenue Estimates and Forecast, by Group I, 2018-2023(USD Million)

TABLE 34 Asia Pacific Base Oil Market Revenue Estimates and Forecast, by Group II, 2018-2023(USD Million)

TABLE 35 Asia Pacific Base Oil Market Revenue Estimates and Forecast, by Group III, 2018-2023(USD Million)

TABLE 36 Asia Pacific Base Oil Demand Estimates and Forecast, by Application, 2018-2023 (Kilo Tons)

TABLE 37 Asia Pacific Base Oil Market Revenue Estimates and Forecast, by Application, 2018 – 2023(USD Million)

TABLE 38 Central & South America Base Oil Demand Estimates and Forecast, by Product, 2018 – 2023(Kilo Tons)

TABLE 39 Central & South America Base Oil Demand Estimates and Forecast, by Group I, 2018-2023(Kilo Tons)

TABLE 40 Central & South America Base Oil Demand Estimates and Forecast, by Group II, 2018-2023(Kilo Tons)

TABLE 41 Central & South America Base Oil Demand Estimates and Forecast, by Group III, 2018-2023(Kilo Tons)

TABLE 42 Central & South America Base Oil Market Revenue Estimates and Forecast, by Product, 2018 – 2023(USD Million)

TABLE 43 Central & South America Base Oil Market Revenue Estimates and Forecast, by Group I, 2018-2023(USD Million)

TABLE 44 Central & South America Base Oil Market Revenue Estimates and Forecast, by Group II, 2018-2023(USD Million)

TABLE 45 Central & South America Base Oil Market Revenue Estimates and Forecast, by Group III, 2018-2023(USD Million)

TABLE 46 Central & South America Base Oil Demand Estimates and Forecast, by Application, 2018 – 2023(Kilo Tons)

TABLE 47 Central & South America Base Oil Market Revenue Estimates and Forecast, by Application, 2018 – 2023(USD Million)

TABLE 48 Middle East & Africa Base Oil Demand Estimates and Forecast, by Product, 2018 – 2023(Kilo Tons)

TABLE 49 Middle East & Africa Base Oil Demand Estimates and Forecast, by Group I, 2018-2023(Kilo Tons)

TABLE 50 Middle East & Africa Base Oil Demand Estimates and Forecast, by Group II, 2018-2023(Kilo Tons)

TABLE 51 Middle East & Africa Base Oil Demand Estimates and Forecast, by Group III, 2018-2023(Kilo Tons)

TABLE 52 Middle East & Africa Base Oil Market Revenue Estimates and Forecast, by Product, 2018 – 2023(USD Million)

TABLE 53 Middle East & Africa Base Oil Market Revenue Estimates and Forecast, by Group I, 2018-2023(USD Million)

TABLE 54 Middle East & Africa Base Oil Market Revenue Estimates and Forecast, by Group II, 2018-2023(USD Million)

TABLE 55 Middle East & Africa Base Oil Market Revenue Estimates and Forecast, by Group III, 2018-2023(USD Million)

TABLE 56 Middle East & Africa Base Oil Demand Estimates and Forecast, by Application, 2018 – 2023(Kilo Tons)

TABLE 57 Middle East & Africa Base Oil Market Revenue Estimates and Forecast, by Application, 2018–2023(USD Million)

 

 

List of Figures (42 Figures)

 

FIG. 1 Global Base Oil Market: Market Segmentation

FIG. 2 Global Base Oil Demand and Market Revenue Estimates and Forecast, 2018–2023(Kilo Tons) (USD Million)

FIG. 3 Global Base Oil Market: Flow of Regional Trade

FIG. 4 Global Base Oil Market: Base Oil Production by Refining Process

FIG. 5 Global Base Oil Market: Value Chain Analysis

FIG. 6 Global Automobile Sales Volume Estimates and Forecast, by Type of Vehicle, 2018–2023, (Million Units)

FIG. 7 BRIC Light Vehicle Sales Volume Estimates and Forecast, by Country, 2018–2023, (Million Units)

FIG. 8 Sweet and Sour Crude Oil Prices, 2018–2023, (USD per Barrel)

FIG. 9 Crude Oil and Base Oil Prices Correlation, 2018–2023 (USD/Gallon)

FIG. 10 Global Base Oil Market: Porter’s Five Forces Analysis

FIG. 11 Market Attractiveness Analysis of Global Base Oil Market, by Product, 2018

FIG. 12 Company Market Share of Global Base Oil Market, 2018

FIG. 13 Global Base Oil Demand Estimates and Forecast, by Product, 2018 & 2023(Kilo Tons)

FIG. 14 Global Group I Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 15 Global SN150 (Group I) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 16 Global BS150 (Group I) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 17 Global SN500 (Group I) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 18 Global Others (Group I) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 19 Global Group II Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 20 Global 150N (Group II) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 21 Global 500N (Group II) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 22 Global 600N (Group II) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 23 Global Others (Group II) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 24 Global Group III Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 25 Global 2cSt (Group III) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 26 Global 4cSt (Group III) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 27 Global 6cSt (Group III) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 28 Global 8cSt (Group III) Base Oil Demand and Market Revenue Estimates and Forecast, 2018-2023(Kilo Tons) (USD Million)

FIG. 29 Global Others Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 30 Global Base Oil Demand Estimates and Forecast, by Application, 2014 & 2023(Kilo Tons)

FIG. 31 Global Automotive Oils Segment Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 32 Global Process Oils Segment Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 33 Global Industrial Oils Segment Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 34 Global Metalworking Fluids Segment Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 35 Global Hydraulic Oils Segment Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 36 Global Others Segment Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 37 Global Base Oil Demand Estimates and Forecast, by Region, 2014 & 2023(Kilo Tons)

FIG. 38 North America Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 39 Europe Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 40 Asia Pacific Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 41 Central & South America Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

FIG. 42 Middle East & Africa Base Oil Demand and Market Revenue Estimates and Forecast, 2018 – 2023(Kilo Tons) (USD Million)

 

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