On 2024-9-14 Global Info Research released【Global Process Oil Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the Process Oil industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Process Oil.
Process Oils are oils derived from petroleum that can be used in various chemical and technical industries, as raw materials or to optimize tire manufacturing, technical rubbers and polymers. In addition, these oils can be used to make asphalt boards, inks, paints, cable products, and more. The Process Oil industry can be broken down into several segments, Naphthenic, Paraffinic, Aromatic.
The global Process Oil market size is expected to reach $ 6367 million by 2030, rising at a market growth of 4.2% CAGR during the forecast period (2024-2030).
The process oil market is undergoing significant development and change globally. As the market leader, Shell holds about 12% of the market share, far ahead of other competitors. Following closely behind is Nynas AB, showing strong competitiveness in this field. The Asia-Pacific region is currently the largest region in the process oil market, accounting for approximately 40% of the market share. The market leadership of this region is attributed to rapidly growing industrial demand and strong economic development. In contrast, although the North American market ranks second, its market share and growth potential are still significant in the global market. Overall, the market advantages of the Asia-Pacific region indicate the strong development trends and potential of the global process oil industry in this region.
In market segmentation, aromatic hydrocarbon type process oils account for the largest share, reaching about 50%. Aromatic hydrocarbon process oil has become a mainstream product on the market due to its excellent performance and wide range of applications, especially in the automotive, rubber and plastics industries. Aromatic hydrocarbons have excellent solubility and stability, allowing them to play a key role in several industrial applications. As technology advances and environmental regulations become increasingly stringent, the market demand for more environmentally friendly and efficient aromatic hydrocarbon process oils is also growing. This trend drives manufacturers to innovate to meet changing market demands and regulatory requirements.
In the downstream market, the personal care field is the largest consumer market, accounting for about 90% of the market share. Craft oils are used in a wide range of personal care products, including cosmetics, skin care products and shampoos. Demand for high-quality process oils in the personal care market continues to grow, primarily due to heightened consumer concerns about product performance and safety. In the future, with the improvement of living standards and the diversification of personal care needs, the application of process oils in this field will be further expanded.
This report studies the global Process Oil production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Process Oil and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Process Oil that contribute to its increasing demand across many markets.
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Market segment by Type： Aromatic、Naphthenic、Paraffinic
Market segment by Application：Tire & Rubber、Polymer、Personal Care、Textile、Metalworking、Others
Major players covered： Shell、Chevron Corporation、Nynas AB、APAR Industries、ExxonMobil、ORGKHIM Biochemical Holding、Behran Oil、Valvoline、Cepsa Lubricants、H&R KGaA、Eni Oil Products
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Process Oil product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Process Oil, with price, sales, revenue and global market share of Process Oil from 2019 to 2024.
Chapter 3, the Process Oil competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Process Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Process Oil market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Process Oil.
Chapter 14 and 15, to describe Process Oil sales channel, distributors, customers, research findings and conclusion.
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