Press Resease

Process Oil Market - Global Industry Analysis

Process Oil Market by Type (Naphthenic, Paraffinic, Aromatic, and Non-carcinogenic) and by Application (Tire & Rubber, Polymer, Textile, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024

Published Date: 24-Dec-2018 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-2230 Status : Published

Global process oil market expected to generate around USD 5.81 billion by 2024, growing at a CAGR of around 20.2% between 2018 and 2024. The development of the process oil market can be mainly attributed to the rising industrialization and increasing mechanization, which, in turn, is likely to lead to an increased process oil demand.

Description

The report covers a forecast and an analysis of the process oil market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based revenue (USD Billion). The study includes drivers and restraints for the process oil market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the process oil market on a global level.

In order to give the users of this report a comprehensive view of the process oil market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Process Oil Market

The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research& development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

The study provides a decisive view of the process oil market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. This segmentation includes demand for process oil market based on all segments in all the regions and countries.

The report also includes detailed profiles of various end players, such as Panama Petrochem Ltd., Process Oils Inc., Calumet Specialty Products Partners L.P., Phillips 66 Company, Shell Global, Chevron, LUKOIL Oil Company, Repsol, and Avista Oil AG.

This report segments the global process oil market as follows:

Global Process Oil Market: Type Analysis

  • Naphthenic
  • Paraffinic
  • Aromatic
  • Non-Carcinogenic

Global Process Oil Market: Application Analysis

  • Tire and Rubber
  • Polymer
  • Textile
  • Others

Global Process Oil Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Process Oil market, 2015 - 2024 (USD Billion)
    • 2.2. Global Process Oil market: snapshot
  •  
  • Chapter 3. Process Oil Market- Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Process Oil market drivers: impact analysis
      • 3.2.2. High demand for the process oil in the automotive sector
      • 3.2.3. High demand of process oil in the textile industry
    • 3.3. Market Restraints
      • 3.3.1. Global Process Oil market restraints: impact analysis
      • 3.3.2. Limitations on the usage of polycyclic aromatic hydrocarbon
    • 3.4. Opportunities
      • 3.4.1. Increasing demand for green oils
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by type segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Process Oil Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Process Oil market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Process Oil Market- Type Segment Analysis
    • 5.1. Global Process Oil market: type overview
      • 5.1.1. Global Process Oil market revenue share, by type, 2017 and 2024
    • 5.2. Naphthenic
      • 5.2.1. Global Process Oil market for Naphthenic market, 2015 - 2024 (USD Billion)
    • 5.3. Paraffinic
      • 5.3.1. Global Process Oil market for Paraffinic market, 2015 - 2024 (USD Billion)
    • 5.4. Aromatic
      • 5.4.1. Global Process Oil market for Aromatic market, 2015 - 2024 (USD Billion)
    • 5.5. Non-Carcinogenic
      • 5.5.1. Global Process Oil market for Non-carcinogenic market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Process Oil Market - Application Segment Analysis
    • 6.1. Global Process Oil market: Application overview
      • 6.1.1. Global Process Oil market revenue share, by Application, 2017 and 2024
    • 6.2. Tire and Rubber
      • 6.2.1. Global Process Oil market for Tire & Rubber market, 2015 - 2024 (USD Billion)
    • 6.3. Polymer
      • 6.3.1. Global Process Oil market for Polymer market, 2015 - 2024 (USD Billion)
    • 6.4. Textile
      • 6.4.1. Global Process Oil market for Textile market, 2015 - 2024 (USD Billion)
    • 6.5. Others
      • 6.5.1. Global Process Oil market for others market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global Process Oil Market - Regional Segment Analysis
    • 7.1. Global Process Oil market: regional overview
      • 7.1.1. Global Process Oil market revenue share, by region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
      • 7.2.2. North America Process Oil market revenue, by application, 2015 - 2024 (USD Billion)
      • 7.2.3. The U.S.
        • 7.2.3.1. The U.S. Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.2.3.2. The U.S. Process Oil market revenue, by application, 2015 - 2024 (USD Billion)
      • 7.2.4. Canada
        • 7.2.4.1. Canada Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.2.4.2. Canada Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.2.5. Mexico
        • 7.2.5.1. Mexico Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.2.5.2. Mexico Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
      • 7.3.2. Europe Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.3.3. UK
        • 7.3.3.1. UK Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.3.3.2. UK Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.3.4. Germany
        • 7.3.4.1. Germany Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.3.4.2. Germany Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.3.5.2. France Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.3.6. Spain
        • 7.3.6.1. Spain Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.3.6.2. Spain Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.3.7. Russia
        • 7.3.7.1. Russia Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.3.7.2. Russia Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.3.8. Italy
        • 7.3.8.1. Italy Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.3.8.2. Italy Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Process Oil market revenue, by type, 2015 - 2024(USD Billion)
      • 7.4.2. Asia Pacific Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China Process Oil market revenue, by type, 2015 - 2024(USD Billion)
        • 7.4.3.2. China Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Process Oil market revenue, by type, 2015 - 2024(USD Billion)
        • 7.4.4.2. Japan Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India Process Oil market revenue, by type, 2015 - 2024(USD Billion)
        • 7.4.5.2. India Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
        • 7.4.5.3. India Process Oil market revenue, by application, 2015 - 2024(USD Billion)
      • 7.4.6. Southeast Asia
        • 7.4.6.1. Southeast Asia Process Oil market revenue, by type, 2015 - 2024(USD Billion)
        • 7.4.6.2. Southeast Asia Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
      • 7.4.7. Australia
        • 7.4.7.1. Australia Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.4.7.2. Australia Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.4.8.2. South Korea Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Process Oil market revenue, by type, 2015 - 2024(USD Billion)
      • 7.5.2. Latin America Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Process Oil market revenue, by type, 2015 - 2024(USD Billion)
        • 7.5.3.2. Brazil Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Process Oil market revenue, by type, 2015 - 2024(USD Billion)
      • 7.6.2. The Middle East and Africa Process Oil market revenue, by Application, 2015 - 2024(USD Billion)
      • 7.6.3. GCC Countries
        • 7.6.3.1. GCC Countries Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.6.3.2. GCC CountriesProcess Oil market revenue, by Application, 2015 - 2024 (USD Billion)
      • 7.6.4. South Africa
        • 7.6.4.1. South Africa Process Oil market revenue, by type, 2015 - 2024 (USD Billion)
        • 7.6.4.2. South Africa Process Oil market revenue, by Application, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Panama Petrochem Ltd.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Process Oils Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Calumet Specialty Products Partners L.P.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Phillips 66 Company
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Shell Global
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Chevron
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. LUKOIL Oil Company
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Repsol
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Avista Oil AG
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Apar Industries Ltd.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

List of Figures 

1. Market research process
2. Market research methodology
3. Global Process Oil market revenue, 2015 – 2024(USD Billion) 
4. Porter’s five forces analysis
5. Process Oil market attractiveness analysis, by type segment
6. Process Oil market attractiveness analysis, by application segment
7. Process Oil market: market attractiveness analysis, by regional segment
8. Company market share analysis, 2017
9. Global Process Oil market revenue share by type, 2017 and 2024
10. Global Process Oil market for Naphthenic market, 2015 – 2024(USD Billion)
11. Global Process Oil market for Paraffinic market, 2015 – 2024(USD Billion)
12. Global Process Oil market for Aromatic market, 2015 – 2024 (USD Billion)
13. Global Process Oil market for Non-carcinogenic market, 2015 – 2024 (USD Billion)
14. Global Process Oil market revenue share by application, 2017 and 2024
15. Global Process Oil market for Tire and Rubber market, 2015 – 2024(USD Billion)
16. Global Process Oil market for Polymer market, 2015 – 2024(USD Billion)
17. Global Process Oil market for Textile market, 2015 – 2024(USD Billion)
18. Global Process Oil market for others market, 2015 – 2024(USD Billion)


List of Tables

1. Process Oil market: market snapshot                                                                                                                        
2. Drivers of global Process Oil market: impact analysis 
3. Restraints of global Process Oil market: impact analysis  
4. North America Process Oil market revenue, by type, 2015 – 2024(USD Billion)
5. North America Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
6. The U.S. Process Oil market revenue, by type, 2015 – 2024(USD Billion)
7. The U.S. Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
8. Canada Process Oil market revenue, by type, 2015 – 2024(USD Billion)
9. Canada Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
10. Mexico Process Oil market revenue, by type, 2015 – 2024(USD Billion)
11. Mexico Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
12. Europe Process Oil market revenue, by type, 2015 – 2024(USD Billion)
13. Europe Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
14. UK Process Oil market revenue, by type, 2015 – 2024(USD Billion)
15. UK Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
16. Germany Process Oil market revenue, by type, 2015 – 2024(USD Billion)
17. Germany Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
18. France Process Oil market revenue, by type, 2015 – 2024(USD Billion)
19. France Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
20. Spain Process Oil market revenue, by type, 2015 – 2024(USD Billion)
21. Spain Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
22. Russia Process Oil market revenue, by type, 2015 – 2024 (USD Billion)
23. Russia Process Oil market revenue, by Application, 2015 – 2024 (USD Billion)
24. Italy Process Oil market revenue, by type, 2015 – 2024 (USD Billion)
25. Italy Process Oil market revenue, by Application, 2015 – 2024 (USD Billion)
26. Asia Pacific Process Oil market revenue, by type, 2015 – 2024(USD Billion)
27. Asia Pacific Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
28. China Process Oil market revenue, by type, 2015 – 2024(USD Billion)
29. China Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
30. Japan Process Oil market revenue, by type, 2015 – 2024(USD Billion)
31. Japan Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
32. India Process Oil market revenue, by type, 2015 – 2024(USD Billion)
33. India Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
34. Southeast Asia Process Oil market revenue, by type, 2015 – 2024(USD Billion)
35. Southeast Asia Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
36. South Korea Process Oil market revenue, by type, 2015 – 2024 (USD Billion)
37. South Korea Process Oil market revenue, by Application, 2015 – 2024 (USD Billion)
38. Australia Process Oil market revenue, by type, 2015 – 2024 (USD Billion)
39. Australia Process Oil market revenue, by Application, 2015 – 2024 (USD Billion)
40. Latin America Process Oil market revenue, by type, 2015 – 2024(USD Billion)
41. Latin America Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
42. Brazil Process Oil market revenue, by type, 2015 – 2024(USD Billion)
43. Brazil Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
44. The Middle East and Africa Process Oil market revenue, by type, 2015 – 2024(USD Billion)
45. The Middle East and Africa Process Oil market revenue, by Application, 2015 – 2024(USD Billion)
46. GCC Countries Process Oil market revenue, by type, 2015 – 2024 (USD Billion)
47. GCC Countries Process Oil market revenue, by Application, 2015 – 2024 (USD Billion)
48. South Africa Process Oil market revenue, by type, 2015 – 2024 (USD Billion)
49. South Africa Process Oil market revenue, by Application, 2015 – 2024 (USD Billion)
 

Methodology

Free Analysis

Process oil is a blend of aromatic compounds, naphthenic, and paraffinic. The molecular weight of process oil varies at different temperatures. It is mainly treated as a raw material that aids in engaging with compounds in various sectors, such as polymers, rubber, and textile. Additionally, process oil is formed by refining procedures, such as catalytic advanced hydrocracking and de-waxing process. After distillation, the obtained process oil is colorless and has features, such as low volatility, high saturation, enhanced stability, and pure. Process oil has its usage in a diverse range of applications in different business sectors, such as plastics, tire, polymer, personal care, rubber, defoamers, adhesives, and textile.

The process oil market is likely to experience a high rate of growth in the future, due to its usage and application globally. The development of the process oil market can be mainly attributed to the rising industrialization and increasing mechanization, which, in turn, is likely to lead to an increased process oil demand. In addition, the ongoing rapid development and modernization in the automobile and transportation sector are projected to positively impact this market. The utilization of process oils in various end-use industries, such as rubber, polymer, and personal care, is the primary factor likely to boost this market in the upcoming years. However, the presence of carcinogens polycyclic aromatic hydrocarbons (PAH) and polycyclic aromatics (PCA) in process oils might limit this market’s development in the upcoming years.

Global Process Oil Market

By type, the process oil market includes naphthenic, aromatic, paraffinic, and non-carcinogenic. By application, this market is segmented into the polymer, tire and rubber, textile, and others.

By region, the Asia Pacific process oil market is likely to grow significantly in the future. This regional market’s growth can be attributed to the growing sales of vehicles and automotive in the region, which, in turn, is expected to boost the process of oil consumption. The ongoing transformations and modernization taking place in the automotive sector are estimated to further drive this regional market over the forecast time period. Latin America is expected to provide good opportunities for the process oil market players. The region’s tire manufacturing industry is heavily dependent on China. Additionally, the trade rules and laws formulated by the governments of Venezuela, Argentina, etc. coupled with high investments made for region’s industrialization is anticipated to foster this regional market.

Some of the industry players operating in the process oil market include Process Oils Inc., Panama Petrochem Ltd., Shell Global, Calumet Specialty Products Partners L.P., LUKOIL Oil Company, Phillips 66 Company, Chevron, Avista Oil AG, and Repsol, among others.

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