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Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil is typically defined as oil with a boiling point range between 550 and 1050 F, consisting of hydrocarbons with 18 to 40 carbon atoms. This oil can be either paraffinic or napthenic in nature depending on the chemical structure of the molecules.
Among types, Group IV segment of the global base oil market is projected to grow at the highest CAGR during the forecast period. This is due to increase in the consumption of Group IV base oils, globally. The usage of Group IV base oils has been growing in various industrial and automotive applications as they offer excellent performance when combined with additives.
The global Base Oil market size is projected to reach US$ 35830 million by 2026, from US$ 34690 million in 2020, at a CAGR of 0.5% during 2021-2026.
This report focuses on Base Oil volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Base Oil market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
Global Base Oil Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Base Oil market is segmented into
Group I
Group II
Group III
Group IV
Group V
Segment by Application
Automotive Oil
Industrial Oil
Metalworking Fluids
Hydraulic Oil
Greases
Others
Global Base Oil Market: Regional Analysis
The Base Oil market is analysed and market size information is provided by regions (countries). The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.
The key regions covered in the Base Oil market report are:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Global Base Oil Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The major players in global Base Oil market include:
Shell
Chevron
Neste Oil
Exxon Mobil
Total
Sinopec
Among types, Group IV segment of the global base oil market is projected to grow at the highest CAGR during the forecast period. This is due to increase in the consumption of Group IV base oils, globally. The usage of Group IV base oils has been growing in various industrial and automotive applications as they offer excellent performance when combined with additives.
The global Base Oil market size is projected to reach US$ 35830 million by 2026, from US$ 34690 million in 2020, at a CAGR of 0.5% during 2021-2026.
This report focuses on Base Oil volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Base Oil market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
Global Base Oil Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Base Oil market is segmented into
Group I
Group II
Group III
Group IV
Group V
Segment by Application
Automotive Oil
Industrial Oil
Metalworking Fluids
Hydraulic Oil
Greases
Others
Global Base Oil Market: Regional Analysis
The Base Oil market is analysed and market size information is provided by regions (countries). The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.
The key regions covered in the Base Oil market report are:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Global Base Oil Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The major players in global Base Oil market include:
Shell
Chevron
Neste Oil
Exxon Mobil
Total
Sinopec
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
