Global Process Oil Market 2017-2021

Overview of the global process oil market

Technavio’s process oil market industry analysis identifies that the growth of the professional skincare market will be one of the major factors that will enhance the process oil market growth in the coming years.

There is an increasing usage of process oil from the health and wellness industry and for premium skincare products. With the growing demand for personal care products, especially from the developing countries of APAC, this increasing usage of process oils in their manufacture, will subsequently fuel process oil market growth. According to our industry research analysts, this market will grow at a CAGR of almost 3% by 2021.

With the rising environmental hazards associated with mineral oil-based process oil products, the coming years will witness the development of bio-based and naphthenic transformer oil. This research analysis identifies the demand for bio-based transformer oil due to the increasing fire accidents in mineral oil-based transformers will be one of the major process oil market trends that will gain traction in the process oil market during the next four years.

What's your takeaway?

Technavio's industry research report on the global process oil market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the process oil market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

Owing to the presence of large vendors, the process oil market appears to be highly competitive. To sustain this competitive environment, the players in this marketspace are increasingly focusing on R&D and towards improving the durability of the process oils which will reduce maintenance costs and also the cost of the product.

The leading vendors in the market are -

• Chevron
• Nynas
• PetroChina Company
• Royal Dutch Shell
• TOTAL

The other prominent vendors in the market are Apar Industries, AVISTA OIL, Calumet Specialty Products Partners, Cargill, Cross Oil, ENGEN PETROLEUM, Exxon Mobil, Gandhar Oil, HPCL, Hydrodec Group, HollyFrontier, H&R GROUP, LUKOIL, ORGKHIM Biochemical, Panama Petrochem, Petronas Belgium, Phillips 66, PROCESS OILS, Raj Petro Specialities, RENKERT OIL, Repsol, Schaeffer Manufacturing, San Joaquin Refining, Valvoline, and Witmans Industries.

Segmentation by product type and analysis of the process oil market

• Rubber process oils
• White oils

The rubber process oil segment contributes to the maximum revenue to the market and this is mainly due to the growth in demand for tire and other rubber products. The rising growth in the sale of vehicles and implementation of regulations for tire safety and manufacturing fuel the market’s growth prospects in this segment.

Geographical segmentation and analysis of the process oil market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounts for the maximum share of this market. This mainly attributes to thee growth in the polymer and textile industries. Additionally, the growth of the tire industry and the improvement of the T&D networks in the power industry, will also propel the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global process oil market?
• What are the key market trends impacting the growth of the global process oil market?
• What are the challenges to market growth?
• Who are the key vendors in the global process oil market?
• What are the market opportunities and threats faced by the vendors in the global process oil market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global process oil market?

Technavio also offers customization on reports based on specific client requirement.