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The Global Process Oil Market

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The global market of process oil is estimated to be valued at US$ 4148.9 Million in the year 2017 and is slated to reach a market value close to US$ 5697.4 Million by the year end of 2025.
Global Process Oil Market: APAC Remains a Lucrative Market
The global market of process oil is estimated to be valued at US$
4148.9 Million in the year 2017 and is slated to reach a market
value close to US$ 5697.4 Million by the year end of 2025. The
market is projected to grow at a CAGR of 4.1% during the projection
period.
The factors fuelling the demand of the process oil market are the
growing automotive segment which ultimately mandates rubber
process oil for the making of rubber products, such as vehicle
interiors and tires. Improved refinery capability, change from usual
rubber to oil processing, and growing R&D accomplishments are
the other key factors fuelling the growth of the market.
The global market for process oil is categorized by application,
product type and region.
Based on application, the market is sub-categorized into:
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Pharmaceuticals
Paints & Coatings
Consumer Products
Rubber Processing
Polymers
Adhesives & Sealants
Others
Rubber processing segment will continue to dominate the market
throughout the eight year forecast period and is expected to record
a CAGR of 4.6% pertaining to valuation along with is expected to be
evolving as the highest productive segment with a market
estimation of US$ 2096.0 Million by 2025-end.
Browse Complete Report @
https://www.persistencemarketresearch.com/marketresearch/process-oil-market.asp
Based on the product type, the market is segmented into
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Naphthenic
Paraffinic
Aromatic
The Aromatic segment is likely to record a steady CAGR of 4.5%
through the estimated period. This segment is expected to reach a
value of US$ 2572.2 Million by 2025, up from US$ 1806.7 Million
in 2017.
The overall market is segmented into five key regions
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APAC
Europe
North America
MEA
Latin America
The APAC market is projected to witness a market valuation of 4.6%
CAGR over the projection period. The region is expected remain
dominant with a market valuation of US$ 2450.7 Million by 2025,
up from US$ 1590.2 Million in 2017.
The prominent companies functional in the overall market include
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Exxon Mobil Corporation
Behran Oil Co
Idemitsu Kosan Co. Ltd.
San Joaquin Refining Co. Inc.
Chevron Corp, Meiwa Corporation
Nynas AB
Hindustan Petroleum Corporation Limited
Savita Oil Technologies Ltd.
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Panama Petrochem Ltd
Total S.A.
Royal Dutch Shell plc.
Calumet Specialty Products Partners
Ergon Inc.
L.P.
Avista Oil AG
Raj Petro Specialties P. LTD.
Petroliam Nasional Berhad (PETRONAS)
Lubline
Apar Industries Limited
Author
ashutosh
ashutosh164   documents Email
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Category
Business and Leadership
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Process Oil, market
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