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Base Oil Market Research Report Information By Type (Group I, Group II, Group III, Group IV, Group V), By Application (Automobile Oils, Gear Oils, Metalworking Fluids, General Industrial Oils, Greases, Process Oils, Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032


ID: MRFR/CnM/9202-HCR | 280 Pages | Author: Anshula Mandaokar| December 2024

Base Oil Type Outlook (USD Billion, 2018-2032)




  • Group I




  • Group II




  • Group III




  • Group IV






  • Group V




Base Oil Application Outlook (USD Billion, 2018-2032)




  • Automobile Oils




  • Gear Oils




  • Metalworking Fluids




  • General Industrial Oils




  • Greases




  • Process Oils






  • Others




Base Oil Products Regional Outlook (USD Billion, 2018-2032)




  • North America Outlook (USD Billion, 2018-2032)




    • North America Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • North America Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • US Outlook (USD Billion, 2018-2032)




    • US Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • US Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • CANADA Outlook (USD Billion, 2018-2032)




    • CANADA Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • CANADA Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others








  • Europe Outlook (USD Billion, 2018-2032)




    • Europe Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Europe Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Germany Outlook (USD Billion, 2018-2032)




    • Germany Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Germany Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • France Outlook (USD Billion, 2018-2032)




    • France Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • France Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • UK Outlook (USD Billion, 2018-2032)




    • UK Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • UK Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • ITALY Outlook (USD Billion, 2018-2032)




    • ITALY Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • ITALY Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • SPAIN Outlook (USD Billion, 2018-2032)




    • Spain Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Spain Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Rest Of Europe Outlook (USD Billion, 2018-2032)




    • Rest Of Europe Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • REST OF EUROPE Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others








  • Asia-Pacific Outlook (USD Billion, 2018-2032)




    • Asia-Pacific Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Asia-Pacific Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • China Outlook (USD Billion, 2018-2032)




    • China Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • China Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Japan Outlook (USD Billion, 2018-2032)




    • Japan Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Japan Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • India Outlook (USD Billion, 2018-2032)




    • India Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • India Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Australia Outlook (USD Billion, 2018-2032)




    • Australia Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Australia Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)




    • Rest of Asia-Pacific Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Rest of Asia-Pacific Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others








  • Rest of the World Outlook (USD Billion, 2018-2032)




    • Rest of the World Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Rest of the World Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Middle East Outlook (USD Billion, 2018-2032)




    • Middle East Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Middle East Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Africa Outlook (USD Billion, 2018-2032)




    • Africa Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Africa Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others






    • Latin America Outlook (USD Billion, 2018-2032)




    • Latin America Base Oil Products by Type




      • Group I




      • Group II




      • Group III




      • Group IV




      • Group V






    • Latin America Base Oil Products by Application




      • Automobile Oils




      • Gear Oils




      • Metalworking Fluids




      • General Industrial Oils




      • Greases




      • Process Oils




      • Others







Research Methodology on Base Oil Market


1. Introduction


Base oil is a high-quality and low-volatility hydrocarbon base that is derived from refining crude oils. Base oil is primarily used in the production of lubricants. The global base oil market is witnessing sustained growth due to the growth of transportation and rapidly increasing demands from various end-use industries such as automotive and agriculture. Automotive production is driven by a rapid rise in vehicle sales globally, which is boosting the demand for lubricants. The global base oil market is predicted to expand at a healthy CAGR over the forecast period 2024 to 2032.


The objective of the present research is to analyze the current market trends and dynamics of the base oil market and determine future directions of growth in the market. This study will assess the global base oil market for a comprehensive detailed analysis by type, application, region, and major manufacturers.


2. Research Approach


The research approach adopted for this research is qualitative and quantitative. The qualitative research aims to explore the existing market size, challenges, and potential opportunities. Initially, primary research was conducted in the form of interviews. These interviews were conducted with various experts and stakeholders such as base oil manufacturers, automotive sector executives, and investors. Secondary research was also conducted for validating and understanding the qualitative research that was obtained. The quantitative research aimed to determine the current and future market size of the global base oil market along with estimating the market share of the various segments across the world.


The secondary research methodology adopted in this research includes gathering industry publications and relevant documents, such as industry magazines and newsletters, market reports, company reports, and web-based sources such as industry blogs, market research reports, and websites of various industry associations.


The primary research methodology adopted in this research includes interviews, surveys and market studies. The interviews were conducted with industry experts, executives, and stakeholders to gain their insights and current market conditions. The surveys were conducted with quotes, processes, and trends in the base oil market. The market studies were conducted to analyze the global market size and growth rate of the base oil market.


3. Data Collection


In order to estimate the market size and growth rate of the global base oil market, primary and secondary data sources were used. The data sources used include industry publications, databases such as Hoovers, MarketWatch, Deloitte, Outlook, etc; and web-based sources, such as government websites, industry magazines and newsletters, reports and white papers, and industry blogs. All these secondary sources were used to gain better insights into the base oil market.


The primary data sources include interviews and surveys. The interviews were conducted with experts, executives, and stakeholders to gain their insights and current market trends. The surveys were conducted with a focus on the prevailing pricing, processes, and trends in the base oil market.


4. Data Analysis


Data analysis was conducted to validate and analyze the qualitative and quantitative research that was obtained from the primary and secondary research. Analysis of the data was conducted using various statistical tools such as demand-supply gap analysis, SWOT analysis, Porter’s five forces model, and market attractiveness analysis. The analysis was conducted to gain insights into the current and future market size and growth rate of the global base oil market.


5. Conclusion


The base oil market is expected to register a healthy CAGR over the forecast period 2023 to 2030. Factors that are driving the growth of the base oil market include the rapid growth in demand from the automotive industry and an increasing trend towards the manufacture of high-performance lubricants. This report has studied the global base oil market based on application, type, and region. It has focused on the market dynamics such as drivers, restraints, opportunities, and trends influencing the market growth.


The research methodology adopted for this research was guided by the qualitative and quantitative approaches. Data were collected from primary and secondary sources to gain insights into the global base oil market. All the data sources collected have been analyzed and validated to understand and present the current market size and growth rate of the global base oil market.

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Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Base OilMarket, byGrade

1.1.2. Global Base OilMarket, by Application

1.1.3. Global Base OilMarket, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Trends

5. MARKET FACTOR ANALYSIS

5.1. Supply Chain Analysis

5.1.1. Raw Material Suppliers

5.1.2. Base OilManufacturers

5.1.3. Distribution & Sales Channel

5.1.4. End-Users

5.2. Porter’s Five Forces Model

5.2.1. Bargaining Power of Suppliers

5.2.2. Bargaining Power of Buyers

5.2.3. Threat of New Entrants

5.2.4. Threat of Substitutes

5.2.5. Intensity of Rivalry

5.3. Pricing Analysis(USD/Tons), by Region

5.4. Impact of COVID–19 on Global Base Oil Market

5.4.1. Impact on Supply of Calcinated Bauxite Resin

5.4.1.1. Impact on Raw Material Supplier

5.4.1.2. Impact on Manufacturers

5.4.1.3. Impact on Sales & Distribution

5.4.2. Impact on Demand from End-use Industries

6. GLOBAL BASE OILMARKET, BY GRADE

6.1. Introduction

6.2. Grade I

6.2.1. Market Estimates & Forecast,by Region/Country, 2023-2032

6.3. Grade II

6.3.1. Market Estimates & Forecast, by Region/Country, 2023-2032

6.4. Grade III

6.4.1. Market Estimates & Forecast, by Region/Country, 2023-2032

6.5. Grade IV

6.5.1. Market Estimates & Forecast, by Region/Country, 2023-2032

6.6. Grade V

6.6.1. Market Estimates & Forecast, by Region/Country, 2023-2032

7. GLOBAL BASE OILMARKET, BYAPPLICATION

7.1. Introduction

7.2. Engine Oils

7.2.1. Market Estimates & Forecast,by Region/Country, 2023-2032

7.3. Gear Oils

7.3.1. Market Estimates & Forecast, by Region/Country, 2023-2032

7.4. Metalworking Fluids

7.4.1. Market Estimates & Forecast, by Region/Country, 2023-2032

7.5. General Industrial Oils

7.5.1. Market Estimates & Forecast, by Region/Country, 2023-2032

7.6. Greases

7.6.1. Market Estimates & Forecast, by Region/Country, 2023-2032

7.7. Process Oils

7.7.1. Market Estimates & Forecast, by Region/Country, 2023-2032

7.8. Others

7.8.1. Market Estimates & Forecast, by Region/Country, 2023-2032

8. GLOBAL BASE OILMARKET, BYREGION(KILO TONS) (USD MILLION)

8.1. Overview

8.2. North America

8.2.1. US

8.2.2. Canada

8.3. Europe

8.3.1. Germany

8.3.2. UK

8.3.3. France

8.3.4. Spain

8.3.5. Italy

8.3.6. Russia

8.3.7. Rest of Europe

8.4. Asia-Pacific

8.4.1. China

8.4.2. Japan

8.4.3. India

8.4.4. South Korea

8.4.5. Indonesia

8.4.6. Malaysia

8.4.7. Rest of Asia-Pacific

8.5. Latin America

8.5.1. Brazil

8.5.2. Mexico

8.5.3. Argentina

8.5.4. Rest of Latin America

8.6. Middle East & Africa

8.6.1. GCC Countries

8.6.2. Turkey

8.6.3. South Africa

8.6.4. Rest of Middle East & Africa

9. COMPETITIVE LANDSCAPE

9.1. Market Introduction

9.2. Recent Developments

9.2.1. Mergers/Acquisitions, Expansion, Investment, Partnership, Collaboration, Product Launch

9.3. Global Market Strategy Analysis

10. COMPANY PROFILES

10.1. GS Caltex Corporation

10.1.1. Company Overview

10.1.2. Financial Overview

10.1.3. Products Offered

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. Petroliam Nasional Berhad (PETRONAS)

10.2.1. Company Overview

10.2.2. Financial Overview

10.2.3. Products Offered

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Chevron Corporation

10.3.1. Company Overview

10.3.2. Financial Overview

10.3.3. Products Offered

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. Exxon Mobil Corporation

10.4.1. Company Overview

10.4.2. Financial Overview

10.4.3. Products Offered

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. Saudi Aramco

10.5.1. Company Overview

10.5.2. Financial Overview

10.5.3. Products Offered

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. Royal Dutch Shell plc

10.6.1. Company Overview

10.6.2. Financial Overview

10.6.3. Products Offered

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Sinopec Corp

10.7.1. Company Overview

10.7.2. Financial Overview

10.7.3. Products Offered

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. Abu Dhabi National Oil Company (ADNOC)

10.8.1. Company Overview

10.8.2. Financial Overview

10.8.3. Products Offered

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. Petrochina Company Limited

10.9.1. Company Overview

10.9.2. Financial Overview

10.9.3. Products Offered

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. ENEOS Corporation

10.10.1. Company Overview

10.10.2. Financial Overview

10.10.3. Products Offered

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

10.11. Hindustan Petroleum Corporation Limited

10.11.1. Company Overview

10.11.2. Financial Overview

10.11.3. Products Offered

10.11.4. Key Developments

10.11.5. SWOT Analysis

10.11.6. Key Strategies

10.12. Repsol S.A.

10.12.1. Company Overview

10.12.2. Financial Overview

10.12.3. Products Offered

10.12.4. Key Developments

10.12.5. SWOT Analysis

10.12.6. Key Strategies

10.13. Eni S.p.A.

10.13.1. Company Overview

10.13.2. Financial Overview

10.13.3. Products Offered

10.13.4. Key Developments

10.13.5. SWOT Analysis

10.13.6. Key Strategies

10.14. Rosneft

10.14.1. Company Overview

10.14.2. Financial Overview

10.14.3. Products Offered

10.14.4. Key Developments

10.14.5. SWOT Analysis

10.14.6. Key Strategies

10.15. China National Offshore Oil Corporation

10.15.1. Company Overview

10.15.2. Financial Overview

10.15.3. Products Offered

10.15.4. Key Developments

10.15.5. SWOT Analysis

10.15.6. Key Strategies

11. APPENDIX

11.1.1. Discussion Blueprint

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