Process Oil - Global Market Outlook (2017-2023)

August 2017 | 142 pages | ID: P93F3A4BAC1EN
Stratistics Market Research Consulting

Abstracts

According to Stratistics MRC, The Global Process Oil Market is accounted for $4.11 billion in 2016 and expected to grow at a CAGR of 5.4% to reach $5.96 billion by 2023. The market is driven by growth of the end user industries, increasing renewable energy installations and demand for personal care products. However, limitations on the usage of polycyclic aromatic hydrocarbon (PAH) and rising environmental hazards will impede market growth. Furthermore, fall in crude oil prices will pose challenge for the market. Moreover, increasing demand for low viscosity oils and increasing demand for green oils (bio-based transformer oil) and next-generation process oils will be the trends that will gain traction.

Based on Material, the naphthenic segment is projected to be the largest segment, as they are widely used for the manufacturing of various products. Being rich in aromatic hydrocarbons, the oil displays a high solvency advantage for certain types of additives. In the tire industry, it works as extender oil in tire rubber and oil-extended polymers. Naphthenic oil for the anti-caking system of fertiliser pellets contribute to a more attractive product. For instance, in 2016, Nynas AB has produced new high-viscosity product, Nytex 842, to meet the growing market demand for highly refined, high molecular weight process oils.

The paraffinic segment is expected to grow significantly in terms of CAGR during the forecast period. Solvent extracted paraffinic oils are normally 90-95 VI oils that have high flash points, good color stability, low volatility, and a saturate level of 75-93. Hydrocracked paraffinic oils have a slightly higher flash than solvent extracted oils, clear in color, slightly lower volatility, and a saturate level of 98-99. These oils are particularly good in applications needing low color with stability or in high heat environments.

Among applications, the tire & rubber segment dominated the market because of the increasing surge for fuel efficiency and lower energy consumption in the automotive industry. Asia Pacific accounted for the maximum share of the market which attributes to the growth in the polymer and textile industries. Additionally, increase in the trade of automobiles has boosted the tire and rubber sector. North America and Latin America are expected to witness significant growth during the forecast period. In the Latin America, the demand for high quality process oil is gaining traction. Europe holds for the highest consumption of aromatic process oil, due to the beneficial impact of regulations. Despite EU regulations banning distillate aromatic extract, tire labeling legislation and the burgeoning effect of these regulations on other markets is changing the industry.

The key players in Global Process Oil market are Ergon Inc., Chevron Corp, Exxon Mobil Corporation, Nynas AB, Idemitsu Kosan Co., Ltd., Total S.A, Royal Dutch Shell plc., Hindustan Petroleum Corporation Limited, Petroliam Nasional Berhad (PETRONAS), Panama Petrochem Ltd, ORGKHIM BIOCHEMICAL HOLDING, San Joaquin Refining Co., Inc. and Behran Oil Co.

Applications Covered:

• Personal care
• Plastics
• Rubber & tire
• Textile
• Polymer
• Adhesives & Sealants
• Paints & Coatings
• Pharmaceuticals
• Other Applications

Types Covered:

• Petroleum Oils
• Fatty Acid Derivatives
• Peptizers
• Liquid Polymers
• Waxes

Materials Covered:

• Paraffinic Oils
• Naphthenic Oils
• Aromatic Oils
• Non-Carcinogenic

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• South Korea
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Contents

1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL PROCESS OIL MARKET, BY APPLICATION

5.1 Introduction
5.2 Personal care
5.3 Plastics
5.4 Rubber & tire
5.5 Textile
5.6 Polymer
5.7 Adhesives & Sealants
5.8 Paints & Coatings
5.9 Pharmaceuticals
5.10 Other Applications

6 GLOBAL PROCESS OIL MARKET, BY TYPE

6.1 Introduction
6.2 Petroleum Oils
6.3 Fatty Acid Derivatives
6.4 Peptizers
6.5 Liquid Polymers
6.6 Waxes

7 GLOBAL PROCESS OIL MARKET, BY MATERIAL

7.1 Introduction
7.2 Paraffinic Oils
7.3 Naphthenic Oils
7.4 Aromatic Oils
7.5 Non-Carcinogenic

8 GLOBAL PROCESS OIL MARKET, BY GEOGRAPHY

8.1 Introduction
8.2 North America
  8.2.1 US
  8.2.2 Canada
  8.2.3 Mexico
8.3 Europe
  8.3.1 Germany
  8.3.2 UK
  8.3.3 Italy
  8.3.4 France
  8.3.5 Spain
  8.3.6 Rest of Europe
8.4 Asia Pacific
  8.4.1 Japan
  8.4.2 China
  8.4.3 India
  8.4.4 Australia
  8.4.5 New Zealand
  8.4.6 South Korea
  8.4.7 Rest of Asia Pacific
8.5 South America
  8.5.1 Argentina
  8.5.2 Brazil
  8.5.3 Chile
  8.5.4 Rest of South America
8.6 Middle East & Africa
  8.6.1 Saudi Arabia
  8.6.2 UAE
  8.6.3 Qatar
  8.6.4 South Africa
  8.6.5 Rest of Middle East & Africa

9 KEY DEVELOPMENTS

9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 COMPANY PROFILING

10.1 Ergon Inc.
10.2 Chevron Corp
10.3 Exxon Mobil Corporation
10.4 Nynas AB
10.5 Idemitsu Kosan Co., Ltd.
10.6 Total S.A
10.7 Royal Dutch Shell plc.
10.8 Hindustan Petroleum Corporation Limited
10.9 Petroliam Nasional Berhad (PETRONAS)
10.10 Panama Petrochem Ltd
10.11 ORGKHIM BIOCHEMICAL HOLDING
10.12 San Joaquin Refining Co., Inc.
10.13 Behran Oil Co

List Of Tables

LIST OF TABLES

Table 1 Global Process Oil Market Outlook, By Region (2014-2023) ($MN)
Table 2 Global Process Oil Market Outlook, By Application (2014-2023) ($MN)
Table 3 Global Process Oil Market Outlook, By Personal care (2014-2023) ($MN)
Table 4 Global Process Oil Market Outlook, By Plastics (2014-2023) ($MN)
Table 5 Global Process Oil Market Outlook, By Rubber & tire (2014-2023) ($MN)
Table 6 Global Process Oil Market Outlook, By Textile (2014-2023) ($MN)
Table 7 Global Process Oil Market Outlook, By Polymer (2014-2023) ($MN)
Table 8 Global Process Oil Market Outlook, By Adhesives & Sealants (2014-2023) ($MN)
Table 9 Global Process Oil Market Outlook, By Paints & Coatings (2014-2023) ($MN)
Table 10 Global Process Oil Market Outlook, By Pharmaceuticals (2014-2023) ($MN)
Table 11 Global Process Oil Market Outlook, By Other Applications (2014-2023) ($MN)
Table 12 Global Process Oil Market Outlook, By Type (2014-2023) ($MN)
Table 13 Global Process Oil Market Outlook, By Petroleum Oils (2014-2023) ($MN)
Table 14 Global Process Oil Market Outlook, By Fatty Acid Derivatives (2014-2023) ($MN)
Table 15 Global Process Oil Market Outlook, By Peptizers (2014-2023) ($MN)
Table 16 Global Process Oil Market Outlook, By Liquid Polymers (2014-2023) ($MN)
Table 17 Global Process Oil Market Outlook, By Waxes (2014-2023) ($MN)
Table 18 Global Process Oil Market Outlook, By Material (2014-2023) ($MN)
Table 19 Global Process Oil Market Outlook, By Paraffinic Oils (2014-2023) ($MN)
Table 20 Global Process Oil Market Outlook, By Naphthenic Oils (2014-2023) ($MN)
Table 21 Global Process Oil Market Outlook, By Aromatic Oils (2014-2023) ($MN)
Table 22 Global Process Oil Market Outlook, By Non-Carcinogenic (2014-2023) ($MN)
Table 23 North America Process Oil Market Outlook, By Country (2014-2023) ($MN)
Table 24 North America Process Oil Market Outlook, By Application (2014-2023) ($MN)
Table 25 North America Process Oil Market Outlook, By Personal care (2014-2023) ($MN)
Table 26 North America Process Oil Market Outlook, By Plastics (2014-2023) ($MN)
Table 27 North America Process Oil Market Outlook, By Rubber & tire (2014-2023) ($MN)
Table 28 North America Process Oil Market Outlook, By Textile (2014-2023) ($MN)
Table 29 North America Process Oil Market Outlook, By Polymer (2014-2023) ($MN)
Table 30 North America Process Oil Market Outlook, By Adhesives & Sealants (2014-2023) ($MN)
Table 31 North America Process Oil Market Outlook, By Paints & Coatings (2014-2023) ($MN)
Table 32 North America Process Oil Market Outlook, By Pharmaceuticals (2014-2023) ($MN)
Table 33 North America Process Oil Market Outlook, By Other Applications (2014-2023) ($MN)
Table 34 North America Process Oil Market Outlook, By Type (2014-2023) ($MN)
Table 35 North America Process Oil Market Outlook, By Petroleum Oils (2014-2023) ($MN)
Table 36 North America Process Oil Market Outlook, By Fatty Acid Derivatives (2014-2023) ($MN)
Table 37 North America Process Oil Market Outlook, By Peptizers (2014-2023) ($MN)
Table 38 North America Process Oil Market Outlook, By Liquid Polymers (2014-2023) ($MN)
Table 39 North America Process Oil Market Outlook, By Waxes (2014-2023) ($MN)
Table 40 North America Process Oil Market Outlook, By Material (2014-2023) ($MN)
Table 41 North America Process Oil Market Outlook, By Paraffinic Oils (2014-2023) ($MN)
Table 42 North America Process Oil Market Outlook, By Naphthenic Oils (2014-2023) ($MN)
Table 43 North America Process Oil Market Outlook, By Aromatic Oils (2014-2023) ($MN)
Table 44 North America Process Oil Market Outlook, By Non-Carcinogenic (2014-2023) ($MN)
Table 45 Europe Process Oil Market Outlook, By Country (2014-2023) ($MN)
Table 46 Europe Process Oil Market Outlook, By Application (2014-2023) ($MN)
Table 47 Europe Process Oil Market Outlook, By Personal care (2014-2023) ($MN)
Table 48 Europe Process Oil Market Outlook, By Plastics (2014-2023) ($MN)
Table 49 Europe Process Oil Market Outlook, By Rubber & tire (2014-2023) ($MN)
Table 50 Europe Process Oil Market Outlook, By Textile (2014-2023) ($MN)
Table 51 Europe Process Oil Market Outlook, By Polymer (2014-2023) ($MN)
Table 52 Europe Process Oil Market Outlook, By Adhesives & Sealants (2014-2023) ($MN)
Table 53 Europe Process Oil Market Outlook, By Paints & Coatings (2014-2023) ($MN)
Table 54 Europe Process Oil Market Outlook, By Pharmaceuticals (2014-2023) ($MN)
Table 55 Europe Process Oil Market Outlook, By Other Applications (2014-2023) ($MN)
Table 56 Europe Process Oil Market Outlook, By Type (2014-2023) ($MN)
Table 57 Europe Process Oil Market Outlook, By Petroleum Oils (2014-2023) ($MN)
Table 58 Europe Process Oil Market Outlook, By Fatty Acid Derivatives (2014-2023) ($MN)
Table 59 Europe Process Oil Market Outlook, By Peptizers (2014-2023) ($MN)
Table 60 Europe Process Oil Market Outlook, By Liquid Polymers (2014-2023) ($MN)
Table 61 Europe Process Oil Market Outlook, By Waxes (2014-2023) ($MN)
Table 62 Europe Process Oil Market Outlook, By Material (2014-2023) ($MN)
Table 63 Europe Process Oil Market Outlook, By Paraffinic Oils (2014-2023) ($MN)
Table 64 Europe Process Oil Market Outlook, By Naphthenic Oils (2014-2023) ($MN)
Table 65 Europe Process Oil Market Outlook, By Aromatic Oils (2014-2023) ($MN)
Table 66 Europe Process Oil Market Outlook, By Non-Carcinogenic (2014-2023) ($MN)
Table 67 Asia Pacific Process Oil Market Outlook, By Country (2014-2023) ($MN)
Table 68 Asia Pacific Process Oil Market Outlook, By Application (2014-2023) ($MN)
Table 69 Asia Pacific Process Oil Market Outlook, By Personal care (2014-2023) ($MN)
Table 70 Asia Pacific Process Oil Market Outlook, By Plastics (2014-2023) ($MN)
Table 71 Asia Pacific Process Oil Market Outlook, By Rubber & tire (2014-2023) ($MN)
Table 72 Asia Pacific Process Oil Market Outlook, By Textile (2014-2023) ($MN)
Table 73 Asia Pacific Process Oil Market Outlook, By Polymer (2014-2023) ($MN)
Table 74 Asia Pacific Process Oil Market Outlook, By Adhesives & Sealants (2014-2023) ($MN)
Table 75 Asia Pacific Process Oil Market Outlook, By Paints & Coatings (2014-2023) ($MN)
Table 76 Asia Pacific Process Oil Market Outlook, By Pharmaceuticals (2014-2023) ($MN)
Table 77 Asia Pacific Process Oil Market Outlook, By Other Applications (2014-2023) ($MN)
Table 78 Asia Pacific Process Oil Market Outlook, By Type (2014-2023) ($MN)
Table 79 Asia Pacific Process Oil Market Outlook, By Petroleum Oils (2014-2023) ($MN)
Table 80 Asia Pacific Process Oil Market Outlook, By Fatty Acid Derivatives (2014-2023) ($MN)
Table 81 Asia Pacific Process Oil Market Outlook, By Peptizers (2014-2023) ($MN)
Table 82 Asia Pacific Process Oil Market Outlook, By Liquid Polymers (2014-2023) ($MN)
Table 83 Asia Pacific Process Oil Market Outlook, By Waxes (2014-2023) ($MN)
Table 84 Asia Pacific Process Oil Market Outlook, By Material (2014-2023) ($MN)
Table 85 Asia Pacific Process Oil Market Outlook, By Paraffinic Oils (2014-2023) ($MN)
Table 86 Asia Pacific Process Oil Market Outlook, By Naphthenic Oils (2014-2023) ($MN)
Table 87 Asia Pacific Process Oil Market Outlook, By Aromatic Oils (2014-2023) ($MN)
Table 88 Asia Pacific Process Oil Market Outlook, By Non-Carcinogenic (2014-2023) ($MN)
Table Note: South America and Middle East & Africa are represented in above manner.