The Global Process Oil Marketembed
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: • • • • • • • 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 • • • 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 • • • • • 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 • • • • • • • • 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. • • • • • • • • • • • 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