Paraffinic Base Oil Market – By Type (Semi Refined Paraffin Wax Oil, Fully Refined Paraffin Wax Oil, and Others) and By Application (Kerosene, Diesel, Solvent Oil, Lubricating Oil, Commodity Paraffin, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026

Description

This professional and specialized report study examines the technical and business perspective of the paraffinic base oil industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the paraffinic base oil market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall paraffinic base oil market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Kilo Tons) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the paraffinic base oil market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the paraffinic base oil market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the paraffinic base oil market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the paraffinic base oil market.

The research study provides a critical assessment of the paraffinic base oil industry by logically segmenting the market on the basis of Type, Application, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the paraffinic base oil industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The growth in the automobile and logistics industry and the rising number of vehicles are among the major factors driving the global paraffinic base oils market. Additionally, the government is increasingly investing in the automotive sector which is further projected to boost the consumption of paraffinic base oils in various applications in the automotive industry.

The paraffinic base oil market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into semi refined paraffin wax oil, fully refined paraffin wax oil, and others. In terms of application segmentation, the market is bifurcated into kerosene, diesel, solvent oil, lubricating oil, commodity paraffin, and others.

Some of the essential players operating in the paraffinic base oil market, but not restricted to include ExxonMobil, PetroChina Company Limited, Shell, Chevron, Kuwait Petroleum, Corp., Gandhar Oil Refinery India, Saudi Aramco, Gazprom, National Iranian Oil Company, BP, and Pemex among others.

The taxonomy of the paraffinic base oil industry by its scope and segmentation is as follows:

Global Paraffinic Base Oil Market: By Type Segment Analysis

• Semi Refined Paraffin Wax Oil
• Fully Refined Paraffin Wax Oil
• Others

Global Paraffinic Base Oil Market: By Application Segment Analysis

• Kerosene
• Diesel
• Solvent Oil
• Lubricating Oil
• Commodity Paraffin
• Others

Global Paraffinic Base Oil Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)

Table Of Content

• Chapter 1. Executive Summary
• Chapter 2. Paraffinic Base Oil market – Type Analysis
  • 2.1. Global Paraffinic Base Oil Market – Type Overview
  • 2.2. Global Paraffinic Base Oil Market Share, by Type, 2019 & 2026 (USD Million)
  • 2.3. Global Paraffinic Base Oil Market share, by Type, 2019 & 2026 (Kilo Tons)
  • 2.4. Semi Refined Paraffin Wax Oil
    • 2.4.1. Global Semi Refined Paraffin Wax Oil Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 2.4.2. Global Semi Refined Paraffin Wax Oil Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
  • 2.5. Fully Refined Paraffin Wax Oil
    • 2.5.1. Global Fully Refined Paraffin Wax Oil Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 2.5.2. Global Fully Refined Paraffin Wax Oil Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
  • 2.6. Others
    • 2.6.1. Global Others Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 2.6.2. Global Others Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
• Chapter 3. Paraffinic Base Oil market – Application Analysis
  • 3.1. Global Paraffinic Base Oil Market – Application Overview
  • 3.2. Global Paraffinic Base Oil Market Share, by Application, 2019 & 2026 (USD Million)
  • 3.3. Global Paraffinic Base Oil Market share, by Application, 2019 & 2026 (Kilo Tons)
  • 3.4. Kerosene
    • 3.4.1. Global Kerosene Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 3.4.2. Global Kerosene Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
  • 3.5. Diesel
    • 3.5.1. Global Diesel Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 3.5.2. Global Diesel Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
  • 3.6. Sulvent Oil
    • 3.6.1. Global Sulvent Oil Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 3.6.2. Global Sulvent Oil Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
  • 3.7. Lubricating Oil
    • 3.7.1. Global Lubricating Oil Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 3.7.2. Global Lubricating Oil Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
  • 3.8. Commodity Paraffin
    • 3.8.1. Global Commodity Paraffin Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 3.8.2. Global Commodity Paraffin Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
  • 3.9. Others
    • 3.9.1. Global Others Paraffinic Base Oil Market, 2016-2026 (USD Million)
    • 3.9.2. Global Others Paraffinic Base Oil Market, 2016-2026 (Kilo Tons)
• Chapter 4. Paraffinic Base Oil market – Regional Analysis
  • 4.1. Global Paraffinic Base Oil Market Regional Overview
  • 4.2. Global Paraffinic Base Oil Market Share, by Region, 2019 & 2026 (Value)
  • 4.3. Global Paraffinic Base Oil Market Share, by Region, 2019 & 2026 (Vulume)
  • 4.4. North America
    • 4.4.1. North America Paraffinic Base Oil Market size and forecast, 2016-2026
    • 4.4.2. North America Paraffinic Base Oil Market, by Country, 2016 - 2026 (USD Million)
    • 4.4.3. North America Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.4.4. North America Paraffinic Base Oil Market, by Country, 2016 - 2026 (Kilo Tons)
    • 4.4.5. North America Paraffinic Base Oil Market, by Type, 2016-2026
      • 4.4.5.1. North America Paraffinic Base Oil Market, by Type, 2016-2026 (USD Million)
      • 4.4.5.2. North America Paraffinic Base Oil Market, by Type, 2016-2026 (Kilo Tons)
    • 4.4.6. North America Paraffinic Base Oil Market, by Application, 2016-2026
      • 4.4.6.1. North America Paraffinic Base Oil Market, by Application, 2016-2026 (USD Million)
      • 4.4.6.2. North America Paraffinic Base Oil Market, by Application, 2016-2026 (Kilo Tons)
    • 4.4.7. U.S.
      • 4.4.7.1. U.S. Market size and forecast, 2016-2026 (USD Million)
      • 4.4.7.2. U.S. Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.4.8. Canada
      • 4.4.8.1. Canada Market size and forecast, 2016-2026 (USD Million)
      • 4.4.8.2. Canada Market size and forecast, 2016-2026 (Kilo Tons)
  • 4.5. Europe
    • 4.5.1. Europe Paraffinic Base Oil Market size and forecast, 2016-2026
    • 4.5.2. Europe Paraffinic Base Oil Market, by Country, 2016 - 2026 (USD Million)
    • 4.5.3. Europe Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.5.4. Europe Paraffinic Base Oil Market, by Country, 2016 - 2026 (Kilo Tons)
    • 4.5.5. Europe Paraffinic Base Oil Market, by Type, 2016-2026
      • 4.5.5.1. Europe Paraffinic Base Oil Market, by Type, 2016-2026 (USD Million)
      • 4.5.5.2. Europe Paraffinic Base Oil Market, by Type, 2016-2026 (Kilo Tons)
    • 4.5.6. Europe Paraffinic Base Oil Market, by Application, 2016-2026
      • 4.5.6.1. Europe Paraffinic Base Oil Market, by Application, 2016-2026 (USD Million)
      • 4.5.6.2. Europe Paraffinic Base Oil Market, by Application, 2016-2026 (Kilo Tons)
    • 4.5.7. Germany
      • 4.5.7.1. Germany Market size and forecast, 2016-2026 (USD Million)
      • 4.5.7.2. Germany Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.5.8. France
      • 4.5.8.1. France Market size and forecast, 2016-2026 (USD Million)
      • 4.5.8.2. France Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.5.9. U.K.
      • 4.5.9.1. U.K. Market size and forecast, 2016-2026 (USD Million)
      • 4.5.9.2. U.K. Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.5.10. Italy
      • 4.5.10.1. Italy Market size and forecast, 2016-2026 (USD Million)
      • 4.5.10.2. Italy Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.5.11. Spain
      • 4.5.11.1. Spain Market size and forecast, 2016-2026 (USD Million)
      • 4.5.11.2. Spain Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.5.12. Rest of Europe
      • 4.5.12.1. Rest of Europe Market size and forecast, 2016-2026 (USD Million)
      • 4.5.12.2. Rest of Europe Market size and forecast, 2016-2026 (Kilo Tons)
  • 4.6. Asia Pacific
    • 4.6.1. Asia Pacific Paraffinic Base Oil Market size and forecast, 2016-2026
    • 4.6.2. Asia Pacific Paraffinic Base Oil Market, by Country, 2016 - 2026 (USD Million)
    • 4.6.3. Asia Pacific Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.6.4. Asia Pacific Paraffinic Base Oil Market, by Country, 2016 - 2026 (Kilo Tons)
    • 4.6.5. Asia Pacific Paraffinic Base Oil Market, by Type, 2016-2026
      • 4.6.5.1. Asia Pacific Paraffinic Base Oil Market, by Type, 2016-2026 (USD Million)
      • 4.6.5.2. Asia Pacific Paraffinic Base Oil Market, by Type, 2016-2026 (Kilo Tons)
    • 4.6.6. Asia Pacific Paraffinic Base Oil Market, by Application, 2016-2026
      • 4.6.6.1. Asia Pacific Paraffinic Base Oil Market, by Application, 2016-2026 (USD Million)
      • 4.6.6.2. Asia Pacific Paraffinic Base Oil Market, by Application, 2016-2026 (Kilo Tons)
    • 4.6.7. China
      • 4.6.7.1. China Market size and forecast, 2016-2026 (USD Million)
      • 4.6.7.2. China Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.6.8. Japan
      • 4.6.8.1. Japan Market size and forecast, 2016-2026 (USD Million)
      • 4.6.8.2. Japan Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.6.9. India
      • 4.6.9.1. India Market size and forecast, 2016-2026 (USD Million)
      • 4.6.9.2. India Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.6.10. South Korea
      • 4.6.10.1. South Korea Market size and forecast, 2016-2026 (USD Million)
      • 4.6.10.2. South Korea Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.6.11. South-East Asia
      • 4.6.11.1. South-East Asia Market size and forecast, 2016-2026 (USD Million)
      • 4.6.11.2. South-East Asia Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.6.12. Rest of Asia Pacific
      • 4.6.12.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Million)
      • 4.6.12.2. Rest of Asia Pacific Market size and forecast, 2016-2026 (Kilo Tons)
  • 4.7. Latin America
    • 4.7.1. Latin America Paraffinic Base Oil Market size and forecast, 2016-2026
    • 4.7.2. Latin America Paraffinic Base Oil Market, by Country, 2016 - 2026 (USD Million)
    • 4.7.3. Latin America Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.7.4. Latin America Paraffinic Base Oil Market, by Country, 2016 - 2026 (Kilo Tons)
    • 4.7.5. Latin America Paraffinic Base Oil Market, by Type, 2016-2026
      • 4.7.5.1. Latin America Paraffinic Base Oil Market, by Type, 2016-2026 (USD Million)
      • 4.7.5.2. Latin America Paraffinic Base Oil Market, by Type, 2016-2026 (Kilo Tons)
    • 4.7.6. Latin America Paraffinic Base Oil Market, by Application, 2016-2026
      • 4.7.6.1. Latin America Paraffinic Base Oil Market, by Application, 2016-2026 (USD Million)
      • 4.7.6.2. Latin America Paraffinic Base Oil Market, by Application, 2016-2026 (Kilo Tons)
    • 4.7.7. Brazil
      • 4.7.7.1. Brazil Market size and forecast, 2016-2026 (USD Million)
      • 4.7.7.2. Brazil Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.7.8. Mexico
      • 4.7.8.1. Mexico Market size and forecast, 2016-2026 (USD Million)
      • 4.7.8.2. Mexico Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.7.9. Rest of Latin America
      • 4.7.9.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Million)
      • 4.7.9.2. Rest of Latin America Market size and forecast, 2016-2026 (Kilo Tons)
  • 4.8. The Middle-East and Africa
    • 4.8.1. The Middle-East and Africa Paraffinic Base Oil Market size and forecast, 2016-2026
    • 4.8.2. The Middle-East and Africa Paraffinic Base Oil Market, by Country, 2016 - 2026 (USD Million)
    • 4.8.3. The Middle-East and Africa Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.8.4. The Middle-East and Africa Paraffinic Base Oil Market, by Country, 2016 - 2026 (Kilo Tons)
    • 4.8.5. The Middle-East and Africa Paraffinic Base Oil Market, by Type, 2016-2026
      • 4.8.5.1. The Middle-East and Africa Paraffinic Base Oil Market, by Type, 2016-2026 (USD Million)
      • 4.8.5.2. The Middle-East and Africa Paraffinic Base Oil Market, by Type, 2016-2026 (Kilo Tons)
    • 4.8.6. The Middle-East and Africa Paraffinic Base Oil Market, by Application, 2016-2026
      • 4.8.6.1. The Middle-East and Africa Paraffinic Base Oil Market, by Application, 2016-2026 (USD Million)
      • 4.8.6.2. The Middle-East and Africa Paraffinic Base Oil Market, by Application, 2016-2026 (Kilo Tons)
    • 4.8.7. GCC Countries
      • 4.8.7.1. GCC Countries Market size and forecast, 2016-2026 (USD Million)
      • 4.8.7.2. GCC Countries Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.8.8. South Africa
      • 4.8.8.1. South Africa Market size and forecast, 2016-2026 (USD Million)
      • 4.8.8.2. South Africa Market size and forecast, 2016-2026 (Kilo Tons)
    • 4.8.9. Rest of Middle-East Africa
      • 4.8.9.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Million)
      • 4.8.9.2. Rest of Middle-East Africa Market size and forecast, 2016-2026 (Kilo Tons)
• Chapter 5. Paraffinic Base Oil Production, Consumption, Export, Import by Regions
  • 5.1. Global Paraffinic Base Oil production and revenue, 2016 - 2026 (USD Million) (Kilo Tons)
  • 5.2. Global Import and Export Analysis, by Region
• Chapter 6. Paraffinic Base Oil market – Competitive Landscape
  • 6.1. Competitor Market Share – Revenue
  • 6.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
  • 6.3. Competitor Market Share – Vulume
  • 6.4. Strategic Development
    • 6.4.1. Acquisitions and Mergers
    • 6.4.2. New Products
    • 6.4.3. Research & Development Activities
• Chapter 7. Company Profiles
  • 7.1. ExxonMobil
    • 7.1.1. Company Overview
    • 7.1.2. ExxonMobil Sales, Revenue, Price, and Gross Margin
    • 7.1.3. Product portfulio
    • 7.1.4. Recent initiatives
  • 7.2. PetroChina Company Limited
    • 7.2.1. Company Overview
    • 7.2.2. PetroChina Company Limited Sales, Revenue, Price, and Gross Margin
    • 7.2.3. Product portfulio
    • 7.2.4. Recent initiatives
  • 7.3. Shell
    • 7.3.1. Company Overview
    • 7.3.2. Shell Sales, Revenue, Price, and Gross Margin
    • 7.3.3. Product portfulio
    • 7.3.4. Recent initiatives
  • 7.4. Chevron
    • 7.4.1. Company Overview
    • 7.4.2. Chevron Sales, Revenue, Price, and Gross Margin
    • 7.4.3. Product portfulio
    • 7.4.4. Recent initiatives
  • 7.5. Kuwait Petruleum Corp.
    • 7.5.1. Company Overview
    • 7.5.2. Kuwait Petruleum Corp. Sales, Revenue, Price, and Gross Margin
    • 7.5.3. Product portfulio
    • 7.5.4. Recent initiatives
  • 7.6. Gandhar Oil Refinery India
    • 7.6.1. Company Overview
    • 7.6.2. Gandhar Oil Refinery India Sales, Revenue, Price, and Gross Margin
    • 7.6.3. Product portfulio
    • 7.6.4. Recent initiatives
  • 7.7. Saudi Aramco
    • 7.7.1. Company Overview
    • 7.7.2. Saudi Aramco Sales, Revenue, Price, and Gross Margin
    • 7.7.3. Product portfulio
    • 7.7.4. Recent initiatives
  • 7.8. Gazprom
    • 7.8.1. Company Overview
    • 7.8.2. Gazprom Sales, Revenue, Price, and Gross Margin
    • 7.8.3. Product portfulio
    • 7.8.4. Recent initiatives
  • 7.9. National Iranian Oil Company
    • 7.9.1. Company Overview
    • 7.9.2. National Iranian Oil Company Sales, Revenue, Price, and Gross Margin
    • 7.9.3. Product portfulio
    • 7.9.4. Recent initiatives
  • 7.10. BP
    • 7.10.1. Company Overview
    • 7.10.2. BP Sales, Revenue, Price, and Gross Margin
    • 7.10.3. Product portfulio
    • 7.10.4. Recent initiatives
  • 7.11. Pemex
    • 7.11.1. Company Overview
    • 7.11.2. Pemex Sales, Revenue, Price, and Gross Margin
    • 7.11.3. Product portfulio
    • 7.11.4. Recent initiatives
  • 7.12. Others
    • 7.12.1. Company Overview
    • 7.12.2. Others Sales, Revenue, Price, and Gross Margin
    • 7.12.3. Product portfulio
    • 7.12.4. Recent initiatives
• Chapter 8. Paraffinic Base Oil — Industry Analysis
  • 8.1. Introduction and Taxonomy
  • 8.2. Paraffinic Base Oil Market – Key Trends
    • 8.2.1. Market Drivers
    • 8.2.2. Market Restraints
    • 8.2.3. Market Opportunities
  • 8.3. Value Chain Analysis
  • 8.4. Key Mandates and Regulations
  • 8.5. Technology Roadmap and Timeline
  • 8.6. Paraffinic Base Oil market – Attractiveness Analysis
    • 8.6.1. By Type
    • 8.6.2. By Application
    • 8.6.3. By Region
• Chapter 9. Raw Material analysis
  • 9.1. Paraffinic Base Oil Key Raw Material Analysis
    • 9.1.1. Key Raw Materials
    • 9.1.2. Price Trend of Key Raw Materials
  • 9.2. Key Suppliers of Raw Materials
  • 9.3. Proportion of Manufacturing Cost Structure
    • 9.3.1. Raw Materials
    • 9.3.2. Labor Cost
  • 9.4. Manufacturing Expenses Analysis of Paraffinic Base Oil
• Chapter 10. Industrial Chain, Sourcing Strategy and Downstream Buyers
  • 10.1. Paraffinic Base Oil Industrial Chain Analysis
  • 10.2. Upstream Raw Materials Sourcing
    • 10.2.1. Risk Mitigation:
    • 10.2.2. Supplier Relationships:
    • 10.2.3. Business Processes:
    • 10.2.4. Securing the Product:
  • 10.3. Raw Materials Sources of Paraffinic Base Oil Major Manufacturers in 2016
  • 10.4. Downstream Buyers
  • 10.5. Distributors/Traders List
• Chapter 11. Marketing Strategy Analysis, Distributors
  • 11.1. Marketing Channel
  • 11.2. Direct Marketing
  • 11.3. Indirect Marketing
  • 11.4. Marketing Channel Development Trend
  • 11.5. Economic/Pulitical Environmental Change
• Chapter 12. Report Conclusion
• Chapter 13. Research Approach & Methodology
  • 13.1. Report Description
  • 13.2. Research Scope
  • 13.3. Research Methodology
    • 13.3.1. Secondary Research
    • 13.3.2. Primary Research
    • 13.3.3. Models
      • 13.3.3.1. Company Share Analysis Model
      • 13.3.3.2. Revenue Based Modeling
      • 13.3.3.3. Research Limitations

Methodology

Free Analysis

Key Insights from Primary Research

• According to the primary respondents, the global paraffinic base oil market is set to grow annually at a rate of around 1.5%
• The market was valued at around USD 12,200 million, in 2019 and is projected to reach around USD 13,600 million, in 2026.
• In 2019, the “semi refined paraffin wax” category dominated the type segment of the market and accounted for more than 35% of the market share.
• Based on the application segmentation, the “kerosene” category held the leading share at more than 40%, in 2019.
• The Asia Pacific accounted for the largest market share of the global paraffinic base oil market, in 2019.   

Key Recommendations from Analysts

• As per our analysts, the global paraffinic base oil market is expected to grow moderately in the upcoming years. The growing demand for paraffinic base oils in the automotive and industrial sectors is anticipated to boost the market growth.
• The growing industrialization is likely to enhance the demand for paraffinic base oil in industrial sectors for operating several machines and equipment.
• The Asia Pacific is the potential region for the global paraffinic base oil market. The surging automotive industry in emerging countries such as China, Japan, and India, is increasing the consumption of paraffinic base oil.
• Growing at a CAGR around 1.5%, the global paraffinic base oil market provides several opportunities for all of the involved stakeholders across the entire value chain.
• According to our analysts, the “kerosene” category is the major contributor to the global paraffinic base oils market.
• The key market players are focusing on regional expansion and strategic alliances for enhancing their market share in the industry. For instance, ExxonMobil has recently expanded its Singapore refinery to improve the EHC Group II base stock production.