Global Base Oil Market is Projected to Grow from USD 33.7 Billion in 2019 to USD 39.6 Billion by 2024, at a CAGR of 3.3% from 2019 to 2024. - ResearchAndMarkets.com

The "Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North America, Europe, Asia Pacific, South America, MEA) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The growing demand for high-grade oils in the automotive industry and the rising GDP in the Asia Pacific region are positively impacting the base oil markets. The increasing inclination toward cleaner and better-quality base oil is restraining the growth of this market.

The Group II segment is projected to lead the base oil market, by group, from 2019 to 2024

Based on group, the Group II segment accounted for the largest share of the base oil market in 2018. Group II base oil is used in a multitude of applications, such as marine and gas engines, in trunk piston engine oils, and other applications in the base oil industry. The high consumption of Group II base oil is mainly attributed to its higher performance and affordability in comparison to the other groups of base oil. The Group II segment is also projected to lead the market during the forecast period.

The automotive oil segment is projected to lead the base oil market, by application, during the forecast period

Based on application, the automotive oil segment led the base oil market in 2018. The growth of this segment can be attributed to the increasing population and rise of the automotive sector in developing countries of the Asia Pacific region.

Asia Pacific is projected to lead the base oil market, by region, during the forecast period

Asia Pacific is expected to lead the base oil market from 2019 to 2024 in terms of both value and volume, owing to the growing automotive industry in the region. The increasing GDP of countries in this region, such as India and China, is expected to fuel the demand for automobiles, thus driving the base oil market growth. Asia Pacific is also projected to continue its market dominance, in terms of both value and volume, from 2019 to 2024, owing to rising industrial activities in developing countries of the region.

Key Topics Covered:

1 Introduction

1.1 Analyst Insights

1.2 Market Definitions

1.3 Market Segmentation & Aspects Covered

2 Research Methodology

2.1 Arriving at Base Oil Market Size

2.2 Market Size Estimation

2.3 Top-Down Approach

2.4 Bottom-Up Approach

2.5 Demand (Consumption) Side Analysis

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Overview of Base Oil Market

6.3 Features of Base Oil By Type

5.4 Evolution of Base Oil Technology

5.5 GTL Base Oil

5.6 Market Dynamics

5.7 Industry Trends

5.8 Porters Five Forces Analysis

5.9 Price Trend Analysis

5.10 Regulations and Policies

5.11 Patent Analysis

6 Base Oil Market, By Type

6.1 Introduction

6.2 Group I

6.3 Group II

6.4 Group III

6.5 Group IV

6.6 Group V

7 Base Oil Market, Formulation By Application

7.1 Introduction

7.2 Automotive Oil

7.3 Industrial Oil

7.4 Metalworking Fluids

7.5 Hydraulic Oil

7.6 Greases

7.7 Others

8 Re-Refined Base Oil Market

8.1 Introduction

8.2 Group I Re-Refined Base Oil

8.3 Group II Re-Refined Base Oil

8.4 Major Manufacturers of Re-Refined Base Oil

8.5 Capacity of Major Manufacturers of Re-Refined Base Oil

9 Base Oil Market, By Region

9.1 Introduction

9.2 Asia Pacific

9.3 North America

9.4 Europe

9.5 South America

9.6 Middle East & Africa

10 Base Oil Competitive Landscape

10.1 Introduction

10.2 Market Structure and Dive Matrix

10.3 Company Market Share in Base Oil Market

10.4 Competitive Situation & Trends

11 Base Oil Market, Company Profiles

11.1 Royal Dutch Shell PLC

11.2 Chevron Corporation

11.3 Neste Oil

11.4 Avista Oil AG

11.5 Nynas AB

11.6 Petronas

11.7 Repsol

11.8 Lotos Oil Sp. Z O.O.

11.9 Ergon Inc.

11.10 Calumet Specialty Products Partners LP

11.11 Exxon Mobil Corporation

11.12 Total S.A.

11.13 H&R lwerke Schindler GmbH

11.14 Saudi Aramco

11.15 GS Caltex Corporation

11.16 S-Oil Corporation

11.17 Petrochina Company Limited

11.18 SK-Pertamina/ Pertamina

11.19 Sinopec

11.20 HPCL

11.21 Cnooc

11.22 Formosa

11.23 Sepahan

11.24 Hengli Petrochemical

11.25 Shandong Qingyuan

11.26 Luberef

11.27 Adnoc

For more information about this report visit https://www.researchandmarkets.com/r/yy9hj0

View source version on businesswire.com: https://www.businesswire.com/news/home/20200102005277/en/