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Base Oil Market by Application (Industrial Oils, Automotive Oils, Process Oils, Hydraulic Oils) - Global Opportunity Analysis and Industry Size, Trends 2017-2022

 Chemical and Material

Report Overview

GLOBAL BASE OIL MARKET was valued at USD 31.8 billion in the year 2016. Global Base Oil market is further estimated to grow at a CAGR of 1.27% from 2018 to reach USD 34.74 billion by the year 2023. Asia-Pacific region holds the highest market share in 2016 and is considered as the fastest growing market in the forecasted period. At country level, developed markets like China & India with highest population base holds the notable market share in 2016 and are projected to grow strongly in the coming years.

Chevron Corporation (US), Royal Dutch Shell plc (The Netherlands), BP PLC (UK), Exxon Mobil Corporation (US) are some of the key players in the Base Oil market with Chevron Corporation holding substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the Tier 1 and Tier 2 manufacturers in recent years.

  • Drivers:

                        1.             Growth of automotive industry in APAC

                        2.             Rapid urbanization

  • Restraints:

                        1.             Volatile prices of crude oil

  • Opportunities:

                       1.             American Base Oil industry moves into Group III use

  • Challenges:

                       1.             Often changing engine specifications

Between Automotive Oil, Industrial Oil and Process Oil; Automotive Oil segment is gaining popularity and because of its easy availability this segment is expected to hold the highest market share during the forecast period.

On the other hand Process Oil for this market is expected to grow at the highest CAGR of XXX during year 2017-2022.

Key Benefits for Stakeholders

Base Oil Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End use industries

Regulatory bodies, policy actors and consumers.

By Application

Industrial Oils

Automotive Oils

Process Oils

Hydraulic Oils


By Product

Group I

Group II

Group III

By Region

North America




Key Market Players

       1 Chevron Corporation (US)

       2 Royal Dutch Shell plc (The Netherlands)

       3 BP p.l.c. (UK)

       4 Exxon Mobil Corporation (US)

       5 Petroliam Nasional Berhad (Malaysia)

       6 Evonik Industries (Germany)

       7 Repsol (Spain)

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1  Market Vision

     1.1.1 Market Definition

     1.1.2 Market Scope

1.2  Limitations

1.3  Stakeholders

2. Research Methodology

2.1. Research Process

     2.1.1. Secondary Research
 Key Data from Secondary Research
     2.1.2. Primary Research Key Data from Primary Research
 Breakdowns of Primary Interviews

2.2. Market Size Estimation

     2.2.1. Bottoms-Up Approach

     2.2.2. Top-Down Approach

     2.2.3. Annual Turnover Process

2.3. Data Triangulation 
2.4. Research Assumptions 
    2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards 

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

     5.2.1. Threat of New Entrants

     5.2.2. Threat of Substitutes

     5.2.3. Bargaining Power of Buyers

     5.2.4. Bargaining Power of Suppliers

     5.2.5. Intensity of Competitive Rivalry

 6. Base Oil Market, By Application

6.1. Industrial Oils
6.2. Automotive Oils
6.3. Process Oils

6.4. Hydraulic Oils

6.5. Others       

7. Base Oil Market, By Product
7.1. Group I
7.2. Group II

7.3. Group III

8. Geographical Analysis

8.1. Introduction

8.2. North America

8.2.1. U.S.

8.2.2. Canada

8.2.3. Mexico

8.3. Europe

8.3.1. U.K.

8.3.2. Germany

8.3.3. Spain

8.3.4. Russia

8.3.5. RoE

8.4. Asia Pacific

8.4.1. China

8.4.2. India

8.4.3. South Korea

8.4.4. RoAPAC

8.5. RoW

8.5.1. Latin America Brazil Argentina Rest of Latin America

8.5.2. Middle East and Africa

9. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

9.1 Chevron Corporation
9.2 Royal Dutch Shell plc
9.3 BP p.l.c.
9.4 Exxon Mobil Corporation
9.5 Petroliam Nasional Berhad

9.6 Evonik Industries
9.7 Repsol
9.8 Nynas AB
9.9 S-Oil Corporation
9.10 Castrol Limited

10. Competitive Analysis

10.1. Introduction

10.2. Market Positioning of Key Players

10.3 Competitive Strategies Adopted by Leading Players

         10.3.1. Investments & Expansions
         10.3.2. New Product Launches
         10.3.3. Mergers & Acquisitions
         10.3.4. Agreements, Joint Ventures, and Partnerships


11. Appendix

11.1. Questionnaire

11.2. Available Customizations 

11.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)



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