Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Non-carcinogenic), Function (Extender Oil, Plasticizer, Solvent, Defoamer), Production Technology (Convention Route, Gas to Liquid, Bio-based), Application, and Region-Global Forecast to 2029
The global process oil market is projected to grow from USD 5.2 billion in 2024 to USD 5.6 billion by 2029, at a CAGR of 1.6% during the forecast period. The process oil market is poised for significant expansion, driven by its diverse applications across various industries. Key sectors fueling this growth include tire and rubber manufacturing, polymers, personal care products, and textiles, among others. The versatility of process oils in enhancing the performance and quality of these products is a major factor contributing to the increasing demand.
“Polymer segment, by application, is estimated to account for the second largest segment during the forecast period.”
Polymer applications is accounted for the second largest during the forecast period, in terms of value. Process oils are used in the polymer sector as plasticizers, catalyst carriers, extender oils, mould release agents, and pigment dispersion agents. These oils increase the wetting qualities of plastics, allowing them to be utilised on a wider range of substrates and producing a more flexible plastic.
“Non-carcinogenic segment, by type, is estimated to account for the second largest segment during the forecast period.”
The non-carcinogenic sector ranked as the second largest segment in terms of value during the forecast period. Non-carcinogenic process oils are essential in enhancing the performance characteristics of tires, specifically by improving abrasion resistance and reducing rolling resistance. These process oils are crucial for tire manufacturers, who utilize them to produce Styrene-Butadiene Rubber (SBR), a key material in the tire industry. By using non-carcinogenic process oils, manufacturers can meet safety and environmental standards while delivering high-quality, durable tires.
“Based on function, plasticizer segment is the second largest market segment during the forecast period“
plasticizers emerged as the second largest segment in the market in terms of value. These low-molecular-weight compounds are integral to enhancing the flexibility and plasticity of polymer solutions. By incorporating plasticizers, the efficiency and effectiveness of polymer solutions used for film coating are significantly improved, leading to superior end-product quality. Additionally, plasticizers play a crucial role in the rubber manufacturing process, contributing to the production of more durable and flexible rubber products. Their widespread application across various industries underscores their importance in modern manufacturing and material science.
“North America region is estimated to account for the second largest region during the forecast period.”
In terms of value and volume, North America is the second largest process oil market during the forecast period. The North American process oil market is predicted to develop slowly, since end-use sectors such as rubber and polymer have matured in the area. However, naphthenic and paraffinic process oils are commonly utilised by tyre OEMs in the United States, where big refineries generating naphthenic products are located.
Profile break-up of primary participants for the report:
Research Coverage:
The report defines, projects, and segments the process oil market based on process oil by type, function, application, production technology, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, process oil manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as joint ventures, expansions, acquisitions, and agreements, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the process oil market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“Polymer segment, by application, is estimated to account for the second largest segment during the forecast period.”
Polymer applications is accounted for the second largest during the forecast period, in terms of value. Process oils are used in the polymer sector as plasticizers, catalyst carriers, extender oils, mould release agents, and pigment dispersion agents. These oils increase the wetting qualities of plastics, allowing them to be utilised on a wider range of substrates and producing a more flexible plastic.
“Non-carcinogenic segment, by type, is estimated to account for the second largest segment during the forecast period.”
The non-carcinogenic sector ranked as the second largest segment in terms of value during the forecast period. Non-carcinogenic process oils are essential in enhancing the performance characteristics of tires, specifically by improving abrasion resistance and reducing rolling resistance. These process oils are crucial for tire manufacturers, who utilize them to produce Styrene-Butadiene Rubber (SBR), a key material in the tire industry. By using non-carcinogenic process oils, manufacturers can meet safety and environmental standards while delivering high-quality, durable tires.
“Based on function, plasticizer segment is the second largest market segment during the forecast period“
plasticizers emerged as the second largest segment in the market in terms of value. These low-molecular-weight compounds are integral to enhancing the flexibility and plasticity of polymer solutions. By incorporating plasticizers, the efficiency and effectiveness of polymer solutions used for film coating are significantly improved, leading to superior end-product quality. Additionally, plasticizers play a crucial role in the rubber manufacturing process, contributing to the production of more durable and flexible rubber products. Their widespread application across various industries underscores their importance in modern manufacturing and material science.
“North America region is estimated to account for the second largest region during the forecast period.”
In terms of value and volume, North America is the second largest process oil market during the forecast period. The North American process oil market is predicted to develop slowly, since end-use sectors such as rubber and polymer have matured in the area. However, naphthenic and paraffinic process oils are commonly utilised by tyre OEMs in the United States, where big refineries generating naphthenic products are located.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
- By Designation: C-level– 25%, Director Level– 30%, and Others – 45%
- By Region: North America – 30%, Europe – 20%, Asia Pacific – 40%, Middle East & Africa– 7% , South America – 3%,
Research Coverage:
The report defines, projects, and segments the process oil market based on process oil by type, function, application, production technology, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, process oil manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as joint ventures, expansions, acquisitions, and agreements, undertaken by them in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the process oil market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (increasing demand and consumption of process oil with rapid industrialization and urbanization in emerging economies, and Growing tire manufacturing industry across the globe), restraints (implementation of the European Union directive 2005/69/EC banning use of polycyclic aromatic hydrocarbons in tire manufacturing, Increased use of soybean oil as alternative for process oils in tire manufacturing), opportunities (increasing demand for green process oils across the globe), and challenges (fluctuating price of crude oil) influencing the growth of the process oil market.
- Product Development/Innovation: Detailed insights on research & development activities, and upcoming technologies in the process oil market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the process oil market across various regions.
- Market Diversification: Exhaustive information about new products, various types, recent developments, untapped geographies, and investments in the process oil market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as ExxonMobil (US), Shell (UK), TotalEnergies (France), Idemitsu Kosan Co., Ltd. (Japan), and Petroliam Nasional Berhad (PETRONAS) (Malaysia), and in the process oil market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 COMPETITIVE INTELLIGENCE
1.3 MARKET DEFINITION
1.3.1 INCLUSIONS & EXCLUSIONS
TABLE 1 PROCESS OIL MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 PROCESS OIL MARKET: MARKET SEGMENTATION
1.4.1 YEARS CONSIDERED
1.4.2 CURRENCY CONSIDERED
1.4.3 UNITS CONSIDERED
1.5 RESEARCH LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 PROCESS OIL MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of interviews with experts
2.2 MATRIX CONSIDERED FOR DEMAND SIDE
FIGURE 3 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR PROCESS OIL MARKET
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF PROCESS OIL MARKET (1/2)
FIGURE 7 METHODOLOGY FOR SUPPLY-SIDE SIZING OF PROCESS OIL MARKET (2/2)
2.3.2.1 Calculations for supply-side analysis
2.4 GROWTH FORECAST
2.5 DATA TRIANGULATION
FIGURE 8 PROCESS OIL MARKET: DATA TRIANGULATION
2.6 IMPACT OF RECESSION
2.6.1 KEY ASSUMPTIONS WHILE CALCULATING DEMAND-SIDE MARKET SIZE
2.6.2 RESEARCH LIMITATIONS
2.6.3 RISK ANALYSIS
3 EXECUTIVE SUMMARY
TABLE 2 PROCESS OIL MARKET SNAPSHOT: 2024 VS. 2029
FIGURE 9 TIRE & RUBBER TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
FIGURE 10 NAPHTHENIC TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 EXTENDER OIL TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROCESS OIL MARKET
FIGURE 13 PROCESS OIL MARKET TO WITNESS SIGNIFICANT GROWTH BETWEEN 2024 AND 2029
4.2 PROCESS OIL MARKET, BY APPLICATION
FIGURE 14 TIRE & RUBBER TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 15 NON-CARCINOGENIC TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 16 EXTENDER OIL TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
4.3 PROCESS OIL MARKET, BY MAJOR COUNTRIES
FIGURE 17 CHINA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PROCESS OIL MARKET
5.2.1 DRIVERS
5.2.1.1 Growing tire manufacturing industry
FIGURE 19 MOTOR VEHICLE PRODUCTION DATA FOR 2021–2022
TABLE 3 MOTOR CARS AND COMMERCIAL VEHICLES PRODUCTION, BY COUNTRY, 2023
5.2.1.2 Rapid industrialization and urbanization in emerging economies
FIGURE 20 URBAN POPULATION OF ECONOMIES
5.2.2 RESTRAINTS
5.2.2.1 European Union directive 2005/69/EC banning use of polycyclic aromatic hydrocarbons in tire manufacturing
5.2.2.2 Increased use of soybean oil as alternative for process oils in tire manufacturing
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for green process oils
5.2.4 CHALLENGES
5.2.4.1 Fluctuating prices of crude oil
FIGURE 21 US CRUDE OIL FIRST PURCHASE PRICE, 2019–2022
6 INDUSTRY TRENDS
6.1 VALUE CHAIN
FIGURE 22 SUPPLY CHAIN ANALYSIS FOR PROCESS OIL MARKET
6.2 MARKET MAP
FIGURE 23 MARKET MAP OF PROCESS OIL MARKET
TABLE 4 PROCESS OIL MARKET: ROLE IN ECOSYSTEM
6.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 24 PORTER’S FIVE FORCES ANALYSIS FOR PROCESS OIL MARKET
TABLE 5 PROCESS OIL MARKET: PORTER’S FIVE FORCES ANALYSIS
6.3.1 BARGAINING POWER OF SUPPLIERS
6.3.2 BARGAINING POWER OF BUYERS
6.3.3 THREAT OF NEW ENTRANTS
6.3.4 THREAT OF SUBSTITUTES
6.3.5 INTENSITY OF COMPETITIVE RIVALRY
6.4 PRICING ANALYSIS
6.4.1 AVERAGE PRICE OF PROCESS OIL, BY REGION
FIGURE 25 PROCESS OIL MARKET: AVERAGE PRICE OF PROCESS OIL, BY REGION
6.4.2 AVERAGE PRICE OF PROCESS OIL, BY TYPE
FIGURE 26 PROCESS OIL MARKET: AVERAGE PRICE OF PROCESS OIL, BY TYPE
6.5 TARIFF AND REGULATORY LANDSCAPE
6.5.1 TARIFF
6.5.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.5.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.6 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 9 PROCESS OILS MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
6.7 KEY STAKEHOLDERS AND BUYING CRITERIA
6.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR PRODUCT TYPES
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR PRODUCT TYPES (%)
6.7.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END USES
TABLE 11 KEY BUYING CRITERIA FOR TOP THREE SOURCES
6.8 PATENT ANALYSIS
6.8.1 METHODOLOGY
FIGURE 29 LIST OF MAJOR PATENTS FOR PROCESS OIL
6.8.2 MAJOR PATENTS
6.9 TECHNOLOGY ANALYSIS
6.9.1 KEY TECHNOLOGIES
6.9.1.1 Green rubber process oil
6.9.2 ADJACENT TECHNOLOGIES
6.9.2.1 Bio-Based Base Oil
6.10 TRADE DATA
6.10.1 IMPORT DATA
TABLE 12 IMPORT DATA ON CRUDE OIL
6.10.2 EXPORT DATA
TABLE 13 EXPORT DATA ON CRUDE OIL
6.11 TREND/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
7 PROCESS OIL MARKET, BY FUNCTION
7.1 INTRODUCTION
FIGURE 30 EXTENDER OIL TO BE LARGEST SEGMENT DURING FORECAST PERIOD
TABLE 14 PROCESS OIL MARKET, BY FUNCTION, 2018–2021 (KILOTON)
TABLE 15 PROCESS OIL MARKET, BY FUNCTION, 2022–2029 (KILOTON)
TABLE 16 PROCESS OIL MARKET, BY FUNCTION, 2018–2021 (USD MILLION)
TABLE 17 PROCESS OIL MARKET, BY FUNCTION, 2022–2029 (USD MILLION)
7.2 EXTENDER OIL
7.2.1 USE OF EXTENDER OIL IN TIRE & RUBBER GOODS TO FUEL DEMAND
7.3 PLASTICIZER
7.3.1 ENHANCED FLEXIBILITY AND PLASTICITY OF POLYMER SOLUTIONS TO PROPEL DEMAND
7.4 SOLVENT
7.4.1 DEMAND FOR SOLVENTS IN PETROLEUM SECTOR TO DRIVE GROWTH
7.5 DEFOAMER
7.5.1 REDUCTION OF FOAM FORMATION IN INDUSTRIAL PROCESS WITH DEFOAMERS TO INCREASE DEMAND
7.6 OTHER FUNCTIONS
8 PROCESS OIL MARKET, BY PRODUCTION TECHNOLOGY
8.1 INTRODUCTION
8.2 CONVENTION ROUTE
8.2.1 INCREASED WELL PRODUCTIVITY THROUGH CONVENTION ROUTE TO FUEL DEMAND
8.3 GAS TO LIQUID (GTL)
8.3.1 BENEFITS OF GTL TECHNOLOGY IN ENERGY PRODUCTION TO PROPEL DEMAND
8.4 BIO-BASED
8.4.1 ADVANCEMENT IN PETROLEUM SECTOR TO ENHANCE GROWTH
9 PROCESS OIL MARKET, BY TYPE
9.1 INTRODUCTION
FIGURE 31 NAPHTHENIC TO ACCOUNT FOR LARGEST SEGMENT IN PROCESS OIL MARKET DURING FORECAST PERIOD
TABLE 18 PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 19 PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 20 PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 21 PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
9.2 NAPHTHENIC
9.2.1 THERMAL STABILITY AND EXCELLENT SOLVENCY PROPERTIES TO INCREASE DEMAND
TABLE 22 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 23 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 24 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 25 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
9.3 PARAFFINIC
9.3.1 GROWING DEMAND FROM PRINTING INK INDUSTRY TO FUEL GROWTH
TABLE 26 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 27 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 28 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 29 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
9.4 NON-CARCINOGENIC
9.4.1 STRINGENT REGULATIONS TO DRIVE MARKET
TABLE 30 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 31 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 32 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 33 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
9.5 AROMATIC
9.5.1 USE OF AROMATIC PROCESS OILS IN AUTOMOTIVE SECTOR TO FUEL GROWTH
TABLE 34 AROMATIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 AROMATIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 36 AROMATIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 37 AROMATIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
10 PROCESS OIL MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 32 TIRE & RUBBER APPLICATION TO LEAD PROCESS OIL MARKET DURING FORECAST PERIOD
TABLE 38 PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 39 PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 40 PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 41 PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
10.2 TIRE & RUBBER
10.2.1 INCREASE IN AUTOMOBILE DEMAND TO DRIVE SEGMENT
10.3 POLYMER
10.3.1 GROWTH OF POLYMER INDUSTRY IN ASIA PACIFIC TO DRIVE MARKET
10.4 PERSONAL CARE
10.4.1 INCREASING DEMAND FOR NATURAL SKINCARE PRODUCTS TO DRIVE GROWTH
10.5 TEXTILE
10.5.1 HIGH DEMAND IN TEXTILE DUE TO ANTI-RUPTURE AND ANTI-DUST FORMATION PROPERTIES
10.6 OTHERS
11 PROCESS OIL MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 33 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 42 PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 43 PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 44 PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 45 PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
11.2 ASIA PACIFIC
11.2.1 RECESSION IMPACT
FIGURE 34 ASIA PACIFIC: PROCESS OIL MARKET SNAPSHOT
TABLE 46 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 47 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 48 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 49 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 50 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 51 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 52 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 53 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 54 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 55 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 56 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 57 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.2 CHINA
11.2.2.1 Increased demand for tires to drive consumption of process oil
TABLE 58 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 59 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 60 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 61 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.3 INDIA
11.2.3.1 Growth in tire industry to increase demand
TABLE 62 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 63 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 64 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 65 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.4 JAPAN
11.2.4.1 Growing plastic industry to enhance market
TABLE 66 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 67 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 68 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 69 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.5 SOUTH KOREA
11.2.5.1 Growth in personal care & beauty market to propel demand
TABLE 70 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 71 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 72 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 73 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.6 INDONESIA
11.2.6.1 Significant increase in production of cars and commercial vehicles to drive market
TABLE 74 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 75 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 76 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 77 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.7 THAILAND
11.2.7.1 Growth in plastic industry to create high demand
TABLE 78 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 79 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 80 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 81 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.8 REST OF ASIA PACIFIC
TABLE 82 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 83 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 84 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 85 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3 NORTH AMERICA
11.3.1 RECESSION IMPACT
FIGURE 35 NORTH AMERICA: PROCESS OIL MARKET SNAPSHOT
TABLE 86 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 87 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 88 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 89 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 90 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 91 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 92 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 93 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 94 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 95 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 96 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 97 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3.2 US
11.3.2.1 Increasing sales of passenger vehicles to drive market
TABLE 98 US: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 99 US: PROCESS OIL MARKET SIZE, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 100 US: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 101 US: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3.3 CANADA
11.3.3.1 Growth in automotive sector to drive market
TABLE 102 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 103 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 104 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 105 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3.4 MEXICO
11.3.4.1 Growing demand for tires to drive market
TABLE 106 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 107 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 108 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 109 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4 EUROPE
11.4.1 RECESSION IMPACT
FIGURE 36 EUROPE: PROCESS OIL MARKET SNAPSHOT
TABLE 110 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 111 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 112 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 113 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 114 EUROPE: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 115 EUROPE: PROCESS OIL MARKET SIZE, BY TYPE, 2022–2029 (USD MILLION)
TABLE 116 EUROPE: PROCESS OIL MARKET SIZE, BY TYPE, 2018–2021 (KILOTON)
TABLE 117 EUROPE: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 118 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 119 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 120 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 121 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.2 RUSSIA
11.4.2.1 Rise in rubber and polymer industry to propel demand
TABLE 122 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 123 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 124 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 125 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.3 GERMANY
11.4.3.1 Growing automotive industry to boost demand for tires
TABLE 126 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 127 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 128 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 129 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.4 UK
11.4.4.1 Advancement in textile industry to drive market
TABLE 130 UK: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 131 UK: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 132 UK: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 133 UK: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.5 FRANCE
11.4.5.1 Increasing production of personal care products to fuel market
TABLE 134 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 135 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 136 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 137 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.6 SPAIN
11.4.6.1 Increasing investment in automotive sector to enhance demand
TABLE 138 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 139 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 140 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 141 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.7 ITALY
11.4.7.1 Growing demand from textile industry to drive market
TABLE 142 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 143 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 144 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 145 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.8 REST OF EUROPE
TABLE 146 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 147 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 148 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 149 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT
TABLE 150 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 151 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 152 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 153 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 154 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 155 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 156 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 157 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 158 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 159 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 160 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 161 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.2 SAUDI ARABIA
11.5.2.1 Rising demand for personal care products to drive market
TABLE 162 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 163 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 164 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 165 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.3 UAE
11.5.3.1 Increasing government investment in automobile sector to contribute to market growth
TABLE 166 UAE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 167 UAE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 168 UAE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 169 UAE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.4 IRAN
11.5.4.1 Development of polymer industry to drive market
TABLE 170 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 171 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 172 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 173 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 174 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 175 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 176 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 177 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6 SOUTH AMERICA
11.6.1 RECESSION IMPACT
TABLE 178 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 179 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 180 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 181 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 182 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 183 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 184 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 185 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 186 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 187 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 188 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 189 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.2 BRAZIL
11.6.2.1 Textile industry growth to drive demand
TABLE 190 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 191 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 192 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 193 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.3 ARGENTINA
11.6.3.1 Growing demand for commercial vehicles to drive market
TABLE 194 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 195 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 196 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 197 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.4 COLOMBIA
11.6.4.1 Growing textile industry to increase demand
TABLE 198 COLOMBIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 199 COLOMBIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 200 COLOMBIA: PROCESS OIL MARKET BY APPLICATION, 2018–2021 (KILOTON)
TABLE 201 COLOMBIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.5 REST OF SOUTH AMERICA
TABLE 202 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 203 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 204 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 205 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTIONS
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS
12.3 REVENUE ANALYSIS
FIGURE 37 REVENUE ANALYSIS OF TOP 5 COMPANIES (2019–2023)
12.4 MARKET SHARE ANALYSIS
12.4.1 MARKET SHARE OF KEY PLAYERS
FIGURE 38 PROCESS OIL MARKET SHARE ANALYSIS
TABLE 206 DEGREE OF COMPETITION: PROCESS OIL MARKET
12.4.1.1 Shell (UK)
12.4.1.2 Exxon Mobil Corporation (US)
12.4.1.3 TotalEnergies (France)
12.4.1.4 Idemitsu Kosan Co., Ltd. (Japan)
12.4.1.5 Petroliam Nasional Berhad (PETRONAS) (Malaysia)
12.4.2 RANKING OF KEY MARKET PLAYERS, 2023
FIGURE 39 RANKING OF TOP FIVE PLAYERS IN PROCESS OIL MARKET, 2023
12.5 BRAND/PRODUCT COMPARISON
FIGURE 40 BRAND/PRODUCT COMPARISON
12.5.1 PROCESS OIL BY SHELL
12.5.2 PROCESS OIL BY EXXON MOBIL CORPORATION
12.5.3 PROCESS OIL BY TOTALENERGIES
12.5.4 PROCESS OIL BY IDEMITSU KOSAN CO., LTD.
12.5.5 PROCESS OIL BY PETROLIAM NASIONAL BERHAD (PETRONAS)
12.6 COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
FIGURE 41 PROCESS OIL MARKET COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
12.6.5 COMPANY FOOTPRINT
FIGURE 42 COMPANY FOOTPRINT (10 COMPANIES)
TABLE 207 COMPANY REGION FOOTPRINT (10 COMPANIES)
TABLE 208 BY TYPE (10 COMPANIES)
TABLE 209 BY APPLICATION (10 COMPANIES)
TABLE 210 BY FUNCTION (10 COMPANIES)
12.7 STARTUP/SME EVALUATION MATRIX, 2023
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
FIGURE 43 GLOBAL PROCESS OIL MARKET START-UP/SME EVALUATION MATRIX, 2023
TABLE 211 PROCESS OIL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.8 COMPANY VALUATION AND FINANCIAL METRICS
12.8.1 COMPANY VALUATION
12.8.2 FINANCIAL METRICS
FIGURE 44 EV/EBITDA
FIGURE 45 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS
12.9 COMPETITIVE SCENARIO AND TRENDS
12.9.1 PRODUCT LAUNCHES
TABLE 212 PROCESS OIL MARKET: PRODUCT LAUNCHES, FEBRUARY 2018–MAY 2024
12.9.2 DEALS
TABLE 213 PROCESS OIL MARKET: DEALS, FEBRUARY 2018–MAY 2024
12.9.3 EXPANSIONS
TABLE 214 PROCESS OIL MARKET: EXPANSIONS, FEBRUARY 2018–MAY 2024
1.1 STUDY OBJECTIVES
1.2 COMPETITIVE INTELLIGENCE
1.3 MARKET DEFINITION
1.3.1 INCLUSIONS & EXCLUSIONS
TABLE 1 PROCESS OIL MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 PROCESS OIL MARKET: MARKET SEGMENTATION
1.4.1 YEARS CONSIDERED
1.4.2 CURRENCY CONSIDERED
1.4.3 UNITS CONSIDERED
1.5 RESEARCH LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 PROCESS OIL MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of interviews with experts
2.2 MATRIX CONSIDERED FOR DEMAND SIDE
FIGURE 3 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR PROCESS OIL MARKET
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF PROCESS OIL MARKET (1/2)
FIGURE 7 METHODOLOGY FOR SUPPLY-SIDE SIZING OF PROCESS OIL MARKET (2/2)
2.3.2.1 Calculations for supply-side analysis
2.4 GROWTH FORECAST
2.5 DATA TRIANGULATION
FIGURE 8 PROCESS OIL MARKET: DATA TRIANGULATION
2.6 IMPACT OF RECESSION
2.6.1 KEY ASSUMPTIONS WHILE CALCULATING DEMAND-SIDE MARKET SIZE
2.6.2 RESEARCH LIMITATIONS
2.6.3 RISK ANALYSIS
3 EXECUTIVE SUMMARY
TABLE 2 PROCESS OIL MARKET SNAPSHOT: 2024 VS. 2029
FIGURE 9 TIRE & RUBBER TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
FIGURE 10 NAPHTHENIC TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 EXTENDER OIL TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROCESS OIL MARKET
FIGURE 13 PROCESS OIL MARKET TO WITNESS SIGNIFICANT GROWTH BETWEEN 2024 AND 2029
4.2 PROCESS OIL MARKET, BY APPLICATION
FIGURE 14 TIRE & RUBBER TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 15 NON-CARCINOGENIC TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 16 EXTENDER OIL TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
4.3 PROCESS OIL MARKET, BY MAJOR COUNTRIES
FIGURE 17 CHINA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PROCESS OIL MARKET
5.2.1 DRIVERS
5.2.1.1 Growing tire manufacturing industry
FIGURE 19 MOTOR VEHICLE PRODUCTION DATA FOR 2021–2022
TABLE 3 MOTOR CARS AND COMMERCIAL VEHICLES PRODUCTION, BY COUNTRY, 2023
5.2.1.2 Rapid industrialization and urbanization in emerging economies
FIGURE 20 URBAN POPULATION OF ECONOMIES
5.2.2 RESTRAINTS
5.2.2.1 European Union directive 2005/69/EC banning use of polycyclic aromatic hydrocarbons in tire manufacturing
5.2.2.2 Increased use of soybean oil as alternative for process oils in tire manufacturing
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for green process oils
5.2.4 CHALLENGES
5.2.4.1 Fluctuating prices of crude oil
FIGURE 21 US CRUDE OIL FIRST PURCHASE PRICE, 2019–2022
6 INDUSTRY TRENDS
6.1 VALUE CHAIN
FIGURE 22 SUPPLY CHAIN ANALYSIS FOR PROCESS OIL MARKET
6.2 MARKET MAP
FIGURE 23 MARKET MAP OF PROCESS OIL MARKET
TABLE 4 PROCESS OIL MARKET: ROLE IN ECOSYSTEM
6.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 24 PORTER’S FIVE FORCES ANALYSIS FOR PROCESS OIL MARKET
TABLE 5 PROCESS OIL MARKET: PORTER’S FIVE FORCES ANALYSIS
6.3.1 BARGAINING POWER OF SUPPLIERS
6.3.2 BARGAINING POWER OF BUYERS
6.3.3 THREAT OF NEW ENTRANTS
6.3.4 THREAT OF SUBSTITUTES
6.3.5 INTENSITY OF COMPETITIVE RIVALRY
6.4 PRICING ANALYSIS
6.4.1 AVERAGE PRICE OF PROCESS OIL, BY REGION
FIGURE 25 PROCESS OIL MARKET: AVERAGE PRICE OF PROCESS OIL, BY REGION
6.4.2 AVERAGE PRICE OF PROCESS OIL, BY TYPE
FIGURE 26 PROCESS OIL MARKET: AVERAGE PRICE OF PROCESS OIL, BY TYPE
6.5 TARIFF AND REGULATORY LANDSCAPE
6.5.1 TARIFF
6.5.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.5.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.6 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 9 PROCESS OILS MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
6.7 KEY STAKEHOLDERS AND BUYING CRITERIA
6.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR PRODUCT TYPES
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR PRODUCT TYPES (%)
6.7.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE END USES
TABLE 11 KEY BUYING CRITERIA FOR TOP THREE SOURCES
6.8 PATENT ANALYSIS
6.8.1 METHODOLOGY
FIGURE 29 LIST OF MAJOR PATENTS FOR PROCESS OIL
6.8.2 MAJOR PATENTS
6.9 TECHNOLOGY ANALYSIS
6.9.1 KEY TECHNOLOGIES
6.9.1.1 Green rubber process oil
6.9.2 ADJACENT TECHNOLOGIES
6.9.2.1 Bio-Based Base Oil
6.10 TRADE DATA
6.10.1 IMPORT DATA
TABLE 12 IMPORT DATA ON CRUDE OIL
6.10.2 EXPORT DATA
TABLE 13 EXPORT DATA ON CRUDE OIL
6.11 TREND/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
7 PROCESS OIL MARKET, BY FUNCTION
7.1 INTRODUCTION
FIGURE 30 EXTENDER OIL TO BE LARGEST SEGMENT DURING FORECAST PERIOD
TABLE 14 PROCESS OIL MARKET, BY FUNCTION, 2018–2021 (KILOTON)
TABLE 15 PROCESS OIL MARKET, BY FUNCTION, 2022–2029 (KILOTON)
TABLE 16 PROCESS OIL MARKET, BY FUNCTION, 2018–2021 (USD MILLION)
TABLE 17 PROCESS OIL MARKET, BY FUNCTION, 2022–2029 (USD MILLION)
7.2 EXTENDER OIL
7.2.1 USE OF EXTENDER OIL IN TIRE & RUBBER GOODS TO FUEL DEMAND
7.3 PLASTICIZER
7.3.1 ENHANCED FLEXIBILITY AND PLASTICITY OF POLYMER SOLUTIONS TO PROPEL DEMAND
7.4 SOLVENT
7.4.1 DEMAND FOR SOLVENTS IN PETROLEUM SECTOR TO DRIVE GROWTH
7.5 DEFOAMER
7.5.1 REDUCTION OF FOAM FORMATION IN INDUSTRIAL PROCESS WITH DEFOAMERS TO INCREASE DEMAND
7.6 OTHER FUNCTIONS
8 PROCESS OIL MARKET, BY PRODUCTION TECHNOLOGY
8.1 INTRODUCTION
8.2 CONVENTION ROUTE
8.2.1 INCREASED WELL PRODUCTIVITY THROUGH CONVENTION ROUTE TO FUEL DEMAND
8.3 GAS TO LIQUID (GTL)
8.3.1 BENEFITS OF GTL TECHNOLOGY IN ENERGY PRODUCTION TO PROPEL DEMAND
8.4 BIO-BASED
8.4.1 ADVANCEMENT IN PETROLEUM SECTOR TO ENHANCE GROWTH
9 PROCESS OIL MARKET, BY TYPE
9.1 INTRODUCTION
FIGURE 31 NAPHTHENIC TO ACCOUNT FOR LARGEST SEGMENT IN PROCESS OIL MARKET DURING FORECAST PERIOD
TABLE 18 PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 19 PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 20 PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 21 PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
9.2 NAPHTHENIC
9.2.1 THERMAL STABILITY AND EXCELLENT SOLVENCY PROPERTIES TO INCREASE DEMAND
TABLE 22 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 23 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 24 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 25 NAPHTHENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
9.3 PARAFFINIC
9.3.1 GROWING DEMAND FROM PRINTING INK INDUSTRY TO FUEL GROWTH
TABLE 26 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 27 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 28 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 29 PARAFFINIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
9.4 NON-CARCINOGENIC
9.4.1 STRINGENT REGULATIONS TO DRIVE MARKET
TABLE 30 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 31 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 32 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 33 NON-CARCINOGENIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
9.5 AROMATIC
9.5.1 USE OF AROMATIC PROCESS OILS IN AUTOMOTIVE SECTOR TO FUEL GROWTH
TABLE 34 AROMATIC PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 AROMATIC PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 36 AROMATIC PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 37 AROMATIC PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
10 PROCESS OIL MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 32 TIRE & RUBBER APPLICATION TO LEAD PROCESS OIL MARKET DURING FORECAST PERIOD
TABLE 38 PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 39 PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 40 PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 41 PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
10.2 TIRE & RUBBER
10.2.1 INCREASE IN AUTOMOBILE DEMAND TO DRIVE SEGMENT
10.3 POLYMER
10.3.1 GROWTH OF POLYMER INDUSTRY IN ASIA PACIFIC TO DRIVE MARKET
10.4 PERSONAL CARE
10.4.1 INCREASING DEMAND FOR NATURAL SKINCARE PRODUCTS TO DRIVE GROWTH
10.5 TEXTILE
10.5.1 HIGH DEMAND IN TEXTILE DUE TO ANTI-RUPTURE AND ANTI-DUST FORMATION PROPERTIES
10.6 OTHERS
11 PROCESS OIL MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 33 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 42 PROCESS OIL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 43 PROCESS OIL MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 44 PROCESS OIL MARKET, BY REGION, 2018–2021 (KILOTON)
TABLE 45 PROCESS OIL MARKET, BY REGION, 2022–2029 (KILOTON)
11.2 ASIA PACIFIC
11.2.1 RECESSION IMPACT
FIGURE 34 ASIA PACIFIC: PROCESS OIL MARKET SNAPSHOT
TABLE 46 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 47 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 48 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 49 ASIA PACIFIC: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 50 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 51 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 52 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 53 ASIA PACIFIC: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 54 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 55 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 56 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 57 ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.2 CHINA
11.2.2.1 Increased demand for tires to drive consumption of process oil
TABLE 58 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 59 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 60 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 61 CHINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.3 INDIA
11.2.3.1 Growth in tire industry to increase demand
TABLE 62 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 63 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 64 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 65 INDIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.4 JAPAN
11.2.4.1 Growing plastic industry to enhance market
TABLE 66 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 67 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 68 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 69 JAPAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.5 SOUTH KOREA
11.2.5.1 Growth in personal care & beauty market to propel demand
TABLE 70 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 71 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 72 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 73 SOUTH KOREA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.6 INDONESIA
11.2.6.1 Significant increase in production of cars and commercial vehicles to drive market
TABLE 74 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 75 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 76 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 77 INDONESIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.7 THAILAND
11.2.7.1 Growth in plastic industry to create high demand
TABLE 78 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 79 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 80 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 81 THAILAND: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.2.8 REST OF ASIA PACIFIC
TABLE 82 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 83 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 84 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 85 REST OF ASIA PACIFIC: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3 NORTH AMERICA
11.3.1 RECESSION IMPACT
FIGURE 35 NORTH AMERICA: PROCESS OIL MARKET SNAPSHOT
TABLE 86 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 87 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 88 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 89 NORTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 90 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 91 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 92 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 93 NORTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 94 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 95 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 96 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 97 NORTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3.2 US
11.3.2.1 Increasing sales of passenger vehicles to drive market
TABLE 98 US: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 99 US: PROCESS OIL MARKET SIZE, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 100 US: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 101 US: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3.3 CANADA
11.3.3.1 Growth in automotive sector to drive market
TABLE 102 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 103 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 104 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 105 CANADA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.3.4 MEXICO
11.3.4.1 Growing demand for tires to drive market
TABLE 106 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 107 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 108 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 109 MEXICO: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4 EUROPE
11.4.1 RECESSION IMPACT
FIGURE 36 EUROPE: PROCESS OIL MARKET SNAPSHOT
TABLE 110 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 111 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 112 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 113 EUROPE: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 114 EUROPE: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 115 EUROPE: PROCESS OIL MARKET SIZE, BY TYPE, 2022–2029 (USD MILLION)
TABLE 116 EUROPE: PROCESS OIL MARKET SIZE, BY TYPE, 2018–2021 (KILOTON)
TABLE 117 EUROPE: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 118 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 119 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 120 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 121 EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.2 RUSSIA
11.4.2.1 Rise in rubber and polymer industry to propel demand
TABLE 122 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 123 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 124 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 125 RUSSIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.3 GERMANY
11.4.3.1 Growing automotive industry to boost demand for tires
TABLE 126 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 127 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 128 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 129 GERMANY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.4 UK
11.4.4.1 Advancement in textile industry to drive market
TABLE 130 UK: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 131 UK: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 132 UK: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 133 UK: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.5 FRANCE
11.4.5.1 Increasing production of personal care products to fuel market
TABLE 134 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 135 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 136 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 137 FRANCE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.6 SPAIN
11.4.6.1 Increasing investment in automotive sector to enhance demand
TABLE 138 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 139 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 140 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 141 SPAIN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.7 ITALY
11.4.7.1 Growing demand from textile industry to drive market
TABLE 142 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 143 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 144 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 145 ITALY: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.4.8 REST OF EUROPE
TABLE 146 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 147 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 148 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 149 REST OF EUROPE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT
TABLE 150 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 151 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 152 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 153 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 154 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 155 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 156 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 157 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 158 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 159 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 160 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 161 MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.2 SAUDI ARABIA
11.5.2.1 Rising demand for personal care products to drive market
TABLE 162 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 163 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 164 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 165 SAUDI ARABIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.3 UAE
11.5.3.1 Increasing government investment in automobile sector to contribute to market growth
TABLE 166 UAE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 167 UAE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 168 UAE: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 169 UAE: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.4 IRAN
11.5.4.1 Development of polymer industry to drive market
TABLE 170 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 171 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 172 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 173 IRAN: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.5.5 REST OF MIDDLE EAST & AFRICA
TABLE 174 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 175 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 176 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 177 REST OF MIDDLE EAST & AFRICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6 SOUTH AMERICA
11.6.1 RECESSION IMPACT
TABLE 178 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 179 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 180 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2018–2021 (KILOTON)
TABLE 181 SOUTH AMERICA: PROCESS OIL MARKET, BY COUNTRY, 2022–2029 (KILOTON)
TABLE 182 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 183 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 184 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2018–2021 (KILOTON)
TABLE 185 SOUTH AMERICA: PROCESS OIL MARKET, BY TYPE, 2022–2029 (KILOTON)
TABLE 186 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 187 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 188 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 189 SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.2 BRAZIL
11.6.2.1 Textile industry growth to drive demand
TABLE 190 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 191 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 192 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 193 BRAZIL: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.3 ARGENTINA
11.6.3.1 Growing demand for commercial vehicles to drive market
TABLE 194 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 195 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 196 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 197 ARGENTINA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.4 COLOMBIA
11.6.4.1 Growing textile industry to increase demand
TABLE 198 COLOMBIA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 199 COLOMBIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 200 COLOMBIA: PROCESS OIL MARKET BY APPLICATION, 2018–2021 (KILOTON)
TABLE 201 COLOMBIA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
11.6.5 REST OF SOUTH AMERICA
TABLE 202 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 203 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 204 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2018–2021 (KILOTON)
TABLE 205 REST OF SOUTH AMERICA: PROCESS OIL MARKET, BY APPLICATION, 2022–2029 (KILOTON)
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTIONS
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS
12.3 REVENUE ANALYSIS
FIGURE 37 REVENUE ANALYSIS OF TOP 5 COMPANIES (2019–2023)
12.4 MARKET SHARE ANALYSIS
12.4.1 MARKET SHARE OF KEY PLAYERS
FIGURE 38 PROCESS OIL MARKET SHARE ANALYSIS
TABLE 206 DEGREE OF COMPETITION: PROCESS OIL MARKET
12.4.1.1 Shell (UK)
12.4.1.2 Exxon Mobil Corporation (US)
12.4.1.3 TotalEnergies (France)
12.4.1.4 Idemitsu Kosan Co., Ltd. (Japan)
12.4.1.5 Petroliam Nasional Berhad (PETRONAS) (Malaysia)
12.4.2 RANKING OF KEY MARKET PLAYERS, 2023
FIGURE 39 RANKING OF TOP FIVE PLAYERS IN PROCESS OIL MARKET, 2023
12.5 BRAND/PRODUCT COMPARISON
FIGURE 40 BRAND/PRODUCT COMPARISON
12.5.1 PROCESS OIL BY SHELL
12.5.2 PROCESS OIL BY EXXON MOBIL CORPORATION
12.5.3 PROCESS OIL BY TOTALENERGIES
12.5.4 PROCESS OIL BY IDEMITSU KOSAN CO., LTD.
12.5.5 PROCESS OIL BY PETROLIAM NASIONAL BERHAD (PETRONAS)
12.6 COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
FIGURE 41 PROCESS OIL MARKET COMPANY EVALUATION MATRIX, KEY PLAYERS, 2023
12.6.5 COMPANY FOOTPRINT
FIGURE 42 COMPANY FOOTPRINT (10 COMPANIES)
TABLE 207 COMPANY REGION FOOTPRINT (10 COMPANIES)
TABLE 208 BY TYPE (10 COMPANIES)
TABLE 209 BY APPLICATION (10 COMPANIES)
TABLE 210 BY FUNCTION (10 COMPANIES)
12.7 STARTUP/SME EVALUATION MATRIX, 2023
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
FIGURE 43 GLOBAL PROCESS OIL MARKET START-UP/SME EVALUATION MATRIX, 2023
TABLE 211 PROCESS OIL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.8 COMPANY VALUATION AND FINANCIAL METRICS
12.8.1 COMPANY VALUATION
12.8.2 FINANCIAL METRICS
FIGURE 44 EV/EBITDA
FIGURE 45 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS
12.9 COMPETITIVE SCENARIO AND TRENDS
12.9.1 PRODUCT LAUNCHES
TABLE 212 PROCESS OIL MARKET: PRODUCT LAUNCHES, FEBRUARY 2018–MAY 2024
12.9.2 DEALS
TABLE 213 PROCESS OIL MARKET: DEALS, FEBRUARY 2018–MAY 2024
12.9.3 EXPANSIONS
TABLE 214 PROCESS OIL MARKET: EXPANSIONS, FEBRUARY 2018–MAY 2024
