Base oils are lubrication grade oils used to manufacture motor oil, lubricating greases, and metal processing fluids. Base oil is obtained from refining crude oil or from chemical synthesis. The quality of lubricant produced depends upon the base oil type used for refining or on the production method employed in producing the base oil. The boiling point of base oil ranges from 550 F to 1050 F. The base oil market is anticipated to grow in the forecast period owing to driving factors such as growing demands for high-grade oils in the automotive industry in conjunction with the global industrial growth. However, fluctuations in prices of crude oil negatively impact the growth of the base oil market. On the other hand, a global shift of group I base oil to group II and III are likely to provide key opportunities to the market players operating in the base oil market during the forecast period.
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Leading Players in the Base Oil Market:
- Ergon, Inc.
- Evonik Industries AG
- Exxon Mobil Corporation
- H&R GROUP
- Nynas AB
- PETRONAS Lubricants International
- Royal Dutch Shell Plc
The Base Oil market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years. This intelligence study also encompasses the revenue share, market size, market potential, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.
The Base Oil Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.
Base Oil Market Segmented by Region/Country: US, Europe, China, Japan, Middle East & Africa, India, Central & South America
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Points Covered in the Report:
- The pivotal aspects considered in the Global Base Oil Market report consist of leading competitors functioning in the Global Base Oil market
- The report encompasses company profiles prominently positioned in the global market.
- The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
- The driving factors for the growth of the Global Base Oil Market are explained exhaustively, along with an in-depth account of the end users in the industry.
- The report also explains critical application areas of the market to readers/users.
- The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global Base Oil Market.
- The report on the Global Base Oil Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Base Oil Market Size
2.2 Base Oil Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Base Oil Market Size by Manufacturers
3.2 Base Oil Key Players Head office and Area Served
3.3 Key Players Base Oil Product/Solution/Service
3.4 Date of Enter into Base Oil Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Base Oil Sales by Product
4.2 Global Base Oil Revenue by Product
4.3 Base Oil Price by Product
5 Breakdown Data by End User
5.2 Global Base Oil Breakdown Data by End User
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