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 Asia-Pacific region is projected to lead the global market during the forecast period, 2018 to 2023. The Asia-Pacific base oil market is projected to grow at the highest CAGR between 2018 and 2023.
The global Base Oil market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Base Oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Base Oil market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Base Oil in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Base Oil manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Shell
Chevron
Neste Oil
Exxon Mobil
Total
Sinopec
...
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Group I
Group II
Group III
Group IV
Group V
Summary: Get latest Market Research Reports on Base Oil. Industry analysis & Market Report on Base Oil is a syndicated market report, published as Global Base Oil Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Base Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.