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Base Oil Market Outlook and Trends to 2028- Next wave of Growth Opportunities, Market Sizes, Shares, Types, and Applications, Countries, and Companies

March 2022 | 130 pages | ID: BCF00393D3D2EN
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Introduction to Base Oil Markets in 2022

The global Base Oil market is one of the high potential growth markets in the chemicals and materials industry, with a robust market size outlook and significant unmet opportunities for companies. The Base Oil market report is a comprehensive study on the global market size outlook, key market trends, growth opportunities, market shares, potential types, and prominent end-user applications. It also provides detailed insights into countries and Base Oil companies.

Base Oil Market Size outlook from 2020 to 2028

The study presents the latest perspectives on the coronavirus outbreak and how companies are shaping their strategies for 2022 and rest of the forecast period to 2028. Robust growth forecasts suggest opportunities for growth through the period from 2020 to 2028.

Many Base Oil companies have evolved over the past few quarters by adapting quickly to the market changes and driving performance improvements through a focus on operational efficiency. The successful Base Oil companies reshaped their portfolios and oriented themselves toward faster-growing end-user industry verticals and countries.

Base Oil Market Dynamics- Trends, Drivers and Restraints

To assist long-term strategy formulation of companies, the Base Oil market study presents detailed insights into the market. Market dynamics including near-term and long-term Base Oil market trends, Base Oil drivers, challenges, and potential opportunities are included.

As the global Base Oil market continues to evolve through different challenges of sustainability, demographics, geopolitical tensions, the increasing role of technology, companies must prioritize their products and formulate long-term strategies to boost revenues and EBITDA. As the revenues in the chemical industry are tied to economic development, formulating a successful strategy for chemical companies is more complicated.

The chapter assists Base Oil market players to understand global and local market dynamics to gain a strong competitive advantage to drive margins in a durable way.

Base Oil types- Market Shares, Analysis, and Outlook

Leading Base Oil companies are focusing on aggressive capital allocation to capture new areas of growth. To assist companies to identify leading types and achieve improved margins, the report presents an analysis and outlook of dominant market types. Each of the sub-type of Base Oil is forecast from 2020 to 2028. Further, the largest and most promising types are identified in the report.

Promising Base Oil applications- Market Shares, Analysis, and Outlook

The Base Oil industry remains an attractive hub of opportunities with companies ramping up sales in select end-user applications. With the growing demand in Base Oil industry verticals, capturing emerging opportunities in the near term through expansion into higher margin and growth applications is one of the key growth strategies of leading companies.

To understand different end-user applications of Base Oil and to assess the potential growth rate over the decade to 2028, the report presents the global Base Oil market size by applications and the annual growth outlook from 2020 to 2028.

Base Oil Market- Next pockets of growth to 2030

As leading companies orient themselves towards faster-growing markets and countries, the report presents a detailed analysis of 16 markets worldwide. To enable capturing emerging opportunities in the near term, the report presents annual forecasts of Base Oil market size in each of these countries. The market is shifting to customer-centric solutions, and Base Oil companies are prioritizing and tapping the value-creating potential of emerging markets.

Between 2022 and 2028, the compound annual growth rate (CAGR) in emerging Base Oil markets is poised to be much higher than the global Base Oil industry market revenues, encouraging companies to tap into these opportunities to expand their profit margins.

Analysis of leading Base Oil companies

The COVID-19 pandemic led to uncertainty, delayed investments, supply-chain changes, and increased localization. However, with the impact of the pandemic, companies are opting for ambitious cost and performance targets to achieve margin improvements. Collaboration across the value chain is identified as one of the key strategies for market development. In addition, tech-enabled, consumer-centric solutions are widely observed trends in the industry.

The report profiles the leading companies operating in global Base Oil markets and the key strategies opted by these companies to beat the competition in the intensely competitive market. Further, business profiles of the players, their SWOT analysis, product portfolios, financial profiles, and other details.

Base Oil Market News and Developments

Recent market developments including mergers, acquisitions, new plants, capacity expansions, and other deals and news are provided in the report.

Base Oil Market Statistics

The study presents the Base Oil market size and forecast across types, applications, and 16 countries. The currency for the report is provided in USD. Currency conversion is taken based on the average of the corresponding year.

The historical period from 2016 to 2020 is considered historical years, 2021 is the base year, and 2022 is the estimated year. Further, the forecast period is considered from 2022 to 2028.

COVID-19 Impact and Growth Scenarios

The COVID-19 had a significant impact on companies across the Base Oil industry. With vaccination being rolled out worldwide, the recovery in the Base Oil market is more optimistic for 2022 and beyond. Overall, the global Base Oil market is forecast across multiple growth scenarios including low growth, reference case, and high growth case scenarios.

Market Scope and Coverage

Market Overview- Comprehensive analysis of the market size in 2021 and 2022

Strategic Analysis Review- Market dynamics including trends, drivers, restraints, opportunities, five forces analysis

Macroeconomic and Demographic Factors- GDP forecasts, population outlook across markets

Market Segmentation- Key types, applications, and end-user verticals, along with the largest, fastest-growing types through 2020 to 2028

Geographic coverage- 16 countries across six regions including the US, Canada, Mexico, India, China, Japan, South Korea, Germany, France, Spain, UK, Italy, Brazil, Argentina, South Africa, Saudi Arabia, and the UAE.

Companies- Leading five players and their business profiles, SWOT analysis, products, financial profiles

COVID recovery scenarios- Three recovery cases including low growth, reference case, and high growth

Reasons to Buy

The report will help market leaders/new entrants in this market in the following ways:
  • To get a comprehensive understanding of the markets in 2021, 2022, and outlook through 2028
  • Gain detailed insights into the global market trends through the Strategic analysis review chapter
  • Use the analysis on types and applications across countries to orient your strategies and efforts toward faster-growing end markets and geographies.
  • Stay ahead of the competition through detailed insights into the key strategies in the competitive landscape
  • Identify most promising growth markets through detailed analysis and outlook of developed and developing countries
Additional offers
  • Get a free excel version of the report for ease of analysis
  • Print authentication offered for all license types
  • Customization options to individual users are available
  • Get additional discounts on multiple and bulk purchases/ Year-round subscription offers
1. INTRODUCTION

1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope and Segmentation
1.4 Research Methodology
  1.4.1 Sources
  1.4.2 Currency conversion rates for US$
  1.4.3 Data Triangulation
  1.4.4 Forecast methodology
  1.4.5 Assumptions, Inclusions, and Exclusions
1.5 Abbreviations
1.6 Sources and Research Methodology

2 EXECUTIVE SUMMARY

2.1 Introduction to Global Base Oil Markets in 2022
2.2 Salient Base Oil Market Statistics, 2021
2.3 Base Oil Market Size Outlook, 2020- 2028
2.4 Potential Growth Opportunities to 2028

3 PREMIUM INSIGHTS

3.1 Largest and Fastest Growing Base Oil Types between 2022 and 2028
3.2 Largest and Fastest Growing Base Oil Applications between 2022 and 2028
3.3 Growth opportunities in Emerging countries

4 MARKET STRATEGIC ANALYSIS REVIEW

4.1 Market Dynamics
4.2 Key Base Oil Market Driving Factors
4.3 Potential Challenges Facing Base Oil Companies
4.4 Base Oil Market Trends
4.5 Five Forces Analysis
  4.5.1 Power of Buyers
  4.5.2 Power of Suppliers
  4.5.3 Threat of New Entrants
  4.5.4 Threat of Substitutes
  4.5.5 Intensity of Rivalry

5 IMPACT OF COVID-19: IMPLICATIONS FOR BASE OIL BUSINESS

5.1 Impact of COVID-19 on Base Oil Industry
5.2 Impact of COVID-19 on end-user industries
5.3 Recovery Scenarios- Low Growth Case
5.4 Recovery Scenarios- Reference Case
5.5 Recovery Scenarios- High Growth Case

6 BASE OIL MARKET SIZE OUTLOOK ACROSS TYPES

6.1 Leading Base Oil Types in 2022
6.2 Largest and Fastest Growing Base Oil Types
6.3 Base Oil Market Size Outlook by Type, 2020- 2028

7 BASE OIL MARKET SIZE OUTLOOK ACROSS APPLICATIONS

7.1 Leading Base Oil Applications in 2022
7.2 Largest and Fastest Growing Base Oil Applications
7.3 Base Oil Market Size Outlook by Type, 2020- 2028

8 BASE OIL MARKET SIZE OUTLOOK ACROSS REGIONS

8.1 Base Oil Market Size Forecast in 7MM markets
8.2 Base Oil Market Size Forecast in emerging markets

9 NORTH AMERICA BASE OIL MARKET SIZE OUTLOOK

9.1 North America Base Oil Market Outlook across Product Types, 2020- 2028
9.2 North America Base Oil Market Outlook across Application verticals, 2020- 2028
9.3 North America Base Oil Market Outlook by Country
  9.3.1 US Base Oil Market Size Outlook, 2020- 2028
  9.3.2 Canada Base Oil Market Size Outlook, 2020- 2028
  9.3.3 Mexico Base Oil Market Size Outlook, 2020- 2028

10 EUROPE BASE OIL MARKET SIZE OUTLOOK

10.1 Europe Base Oil Market Outlook across Product Types, 2020- 2028
10.2 Europe Base Oil Market Outlook across Application verticals, 2020- 2028
10.3 Europe Base Oil Market Outlook by Country
  10.3.1 Germany Base Oil Market Size Outlook, 2020- 2028
  10.3.2 France Base Oil Market Size Outlook, 2020- 2028
  10.3.3 Spain Base Oil Market Size Outlook, 2020- 2028
  10.3.4 UK Base Oil Market Size Outlook, 2020- 2028
  10.3.5 Italy Base Oil Market Size Outlook, 2020- 2028
  10.3.6 Russia Base Oil Market Size Outlook, 2020- 2028
  10.3.7 Other Europe Base Oil Market Size Outlook, 2020- 2028

11 ASIA PACIFIC BASE OIL MARKET SIZE OUTLOOK

11.1 Asia Pacific Base Oil Market Outlook across Product Types, 2020- 2028
11.2 Asia Pacific Base Oil Market Outlook across Application verticals, 2020- 2028
11.3 Asia Pacific Base Oil Market Outlook by Country
  11.3.1 China Base Oil Market Size Outlook, 2020- 2028
  11.3.2 India Base Oil Market Size Outlook, 2020- 2028
  11.3.3 Japan Base Oil Market Size Outlook, 2020- 2028
  11.3.4 South Korea Base Oil Market Size Outlook, 2020- 2028
  11.3.5 Indonesia Base Oil Market Size Outlook, 2020- 2028
  11.3.6 South East Asia Base Oil Market Size Outlook, 2020- 2028
  11.3.7 Other Asia Pacific Base Oil Market Size Outlook, 2020- 2028

12 LATIN AMERICA BASE OIL MARKET SIZE OUTLOOK

12.1 Latin America Base Oil Market Outlook across Product Types, 2020- 2028
12.2 Latin America Base Oil Market Outlook across Application verticals, 2020- 2028
12.3 Latin America Base Oil Market Outlook by Country
  12.3.1 Brazil Base Oil Market Size Outlook, 2020- 2028
  12.3.2 Argentina Base Oil Market Size Outlook, 2020- 2028
  12.3.3 Other Latin America Base Oil Market Size Outlook, 2020- 2028

13 MIDDLE EAST BASE OIL MARKET SIZE OUTLOOK

13.1 Middle East Base Oil Market Outlook across Product Types, 2020- 2028
13.2 Middle East Base Oil Market Outlook across Application verticals, 2020- 2028
13.3 Middle East Base Oil Market Outlook by Country
  13.3.1 Saudi Arabia Base Oil Market Size Outlook, 2020- 2028
  13.3.2 The UAE Base Oil Market Size Outlook, 2020- 2028
  13.3.3 Other Middle East Market Size Outlook, 2020- 2028

14 AFRICA BASE OIL MARKET SIZE OUTLOOK

14.1 Africa Base Oil Market Outlook across Product Types, 2020- 2028
14.2 Africa Base Oil Market Outlook across Application verticals, 2020- 2028
14.3 Africa Base Oil Market Outlook by Country
  14.3.1 South Africa Base Oil Market Size Outlook, 2020- 2028
  14.3.2 Nigeria Base Oil Market Size Outlook, 2020- 2028
  14.3.3 Egypt Base Oil Market Size Outlook, 2020- 2028
  14.3.3 Other Africa Market Size Outlook, 2020- 2028

15 COMPETITIVE LANDSCAPE

15.1 Leading Companies Profiled in the Report
15.2 Company Snapshot
  15.2.1 SWOT Profiles
  15.2.2 Financial Analysis

APPENDIX

A1: Global Chemicals Market Outlook to 2030
A2: GDP Outlook of Leading Countries, 2010- 2030
A3: Population Forecasts in Leading Countries, 2010- 2030
A4: Total Investment (% of GDP), 2010- 2030
A5: Inflation and Unemployment Rate trends by country, 2010- 2030
A6: Publisher’s Expertise
A7: Licensing Types
A8: Contact Information

LIST OF TABLES

Table 1: Base Oil Industry Snapshot, 2021
Table 2: Year-on-Year Market Size Growth Outlook to 2028
Table 3: Base Oil Market Revenue by Region, 2021
Table 4: COVID-19 Implications- Low Growth Case Scenario Forecasts
Table 5: COVID-19 Implications- Reference Case Scenario Forecasts
Table 6: COVID-19 Implications- High Growth Case Scenario Forecasts
Table 7: Global Base Oil Market Outlook by Type, US$ Million, 2020- 2028
Table 8: Global Base Oil Market Outlook by Application, US$ Million, 2020- 2028
Table 9: Global Base Oil Market Outlook by End-User Industry, US$ Million, 2020- 2028
Table 10: North America Base Oil Market – Salient Statistics, 2021
Table 11: North America Base Oil Market Size Outlook, US$ Million, 2020- 2028
Table 12: North America Base Oil Market Size Outlook by Type, US$ Million, 2020- 2028
Table 13: North America Base Oil Market Size Outlook by Application, US$ Million, 2020- 2028
Table 14: North America Base Oil Market Size Outlook by End-User Industry, US$ Million, 2020- 2028
Table 15: Europe Base Oil Market – Salient Statistics, 2021
Table 16: Europe Base Oil Market Size Outlook, US$ Million, 2020- 2028
Table 17: Europe Base Oil Market Size Outlook by Type, US$ Million, 2020- 2028
Table 18: Europe Base Oil Market Size Outlook by Application, US$ Million, 2020- 2028
Table 19: Europe Base Oil Market Size Outlook by End-User Industry, US$ Million, 2020- 2028
Table 20: Asia Pacific Base Oil Market – Salient Statistics, 2021
Table 21: Asia Pacific Base Oil Market Size Outlook, US$ Million, 2020- 2028
Table 22: Asia Pacific Base Oil Market Size Outlook by Type, US$ Million, 2020- 2028
Table 23: Asia Pacific Base Oil Market Size Outlook by Application, US$ Million, 2020- 2028
Table 24: Asia Pacific Base Oil Market Size Outlook by End-User Industry, US$ Million, 2020- 2028
Table 25: Latin America Base Oil Market – Salient Statistics, 2021
Table 26: Latin America Base Oil Market Size Outlook, US$ Million, 2020- 2028
Table 27: Latin America Base Oil Market Size Outlook by Type, US$ Million, 2020- 2028
Table 28: Latin America Base Oil Market Size Outlook by Application, US$ Million, 2020- 2028
Table 29: Latin America Base Oil Market Size Outlook by End-User Industry, US$ Million, 2020- 2028
Table 30: Middle East Base Oil Market – Salient Statistics, 2021
Table 31: Middle East Base Oil Market Size Outlook, US$ Million, 2020- 2028
Table 32: Middle East Base Oil Market Size Outlook by Type, US$ Million, 2020- 2028
Table 33: Middle East Base Oil Market Size Outlook by Application, US$ Million, 2020- 2028
Table 34: Middle East Base Oil Market Size Outlook by End-User Industry, US$ Million, 2020- 2028
Table 35: Africa Base Oil Market – Salient Statistics, 2021
Table 36: Africa Base Oil Market Size Outlook, US$ Million, 2020- 2028
Table 37: Africa Base Oil Market Size Outlook by Type, US$ Million, 2020- 2028
Table 38: Africa Base Oil Market Size Outlook by Application, US$ Million, 2020- 2028
Table 39: Africa Base Oil Market Size Outlook by End-User Industry, US$ Million, 2020- 2028
Table 40: Base Oil Market - Leading Companies

LIST OF EXHIBITS

Figure 1: Y-o-Y Base Oil Market Growth to 2028
Figure 2: Base Oil Market Share by Region, 2021
Figure 3: Base Oil Market Growth Potential by Country, 2022-2028
Figure 4: Base Oil Market Growth Potential across Types, 2022- 2028
Figure 5: Base Oil Market Growth Potential across Applications, 2022-2028
Figure 6: COVID-19 Implications- Growth comparison across scenarios
Figure 7: US Base Oil Market Size Outlook
Figure 8: Canada Base Oil Market Size Outlook
Figure 9: Mexico Base Oil Market Size Outlook
Figure 10: Germany Base Oil Market Size Outlook
Figure 11: UK Base Oil Market Size Outlook
Figure 12: Spain Base Oil Market Size Outlook
Figure 13: France Base Oil Market Size Outlook
Figure 14: Italy Base Oil Market Size Outlook
Figure 15: Russia Base Oil Market Size Outlook
Figure 16: Brazil Base Oil Market Size Outlook
Figure 17: Argentina Base Oil Market Size Outlook
Figure 18: China Base Oil Market Size Outlook
Figure 19: India Base Oil Market Size Outlook
Figure 20: Indonesia Base Oil Market Size Outlook
Figure 21: Japan Base Oil Market Size Outlook
Figure 22: South Korea Base Oil Market Size Outlook
Figure 23: South East Asia Base Oil Market Size Outlook
Figure 24: Rest of Asia Pacific Base Oil Market Size Outlook
Figure 25: Saudi Arabia Base Oil Market Size Outlook
Figure 26: UAE Base Oil Market Size Outlook
Figure 27: South Africa Base Oil Market Size Outlook
Figure 28: Egypt Base Oil Market Size Outlook
Figure 29: Rest of Middle East Base Oil Market Size Outlook
Figure 30: Rest of Africa Base Oil Market Size Outlook
Figure 31: GDP (PPP) Outlook by Country, 2010- 2030
Figure 32: Unemployment Rate by Country, 2010- 2030
Figure 33: Inflation Trends by Country, 2010- 2030
Figure 34: Total Investment (% of GDP) Forecasts


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