Quick Summary:
In a fast-paced and unpredictable business environment, comprehensive and accurate market insight is paramount. The global market for Base Oil stands as a robust and dynamic industry, anticipated to reach an estimated US$44.5 Billion by 2030 from US$40.9 Billion in 2022. Our detailed report equips business leaders with critical knowledge about this promising market, delineating key trends, front-running competitors, and major economic factors influencing its growth trajectory.
Accurate market intelligence is a vital tool for strategic business decision-making. Our report not only provides in-depth analysis of the Base Oil market, but also features comprehensive information about distinct segments, including the promising Group I and Group II segments. Coupled with geographic insights into dominant and emerging markets, like the U.S., China, and Asia-Pacific region, our report delivers an encompassing overview of the landscape. In addition to delivering valuable data, subscribing to our service gives you online interactive peer-to-peer collaborative bespoke updates and access to digital archives and our Research Platform, keeping you ahead in the game.
Global Base Oil Market to Reach $44.5 Billion by 2030
The global market for Base Oil estimated at US$40.9 Billion in the year 2022, is projected to reach a revised size of US$44.5 Billion by 2030, growing at a CAGR of 1.1% over the analysis period 2022-2030. Group I, one of the segments analyzed in the report, is projected to record a 1.2% CAGR and reach US$10.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Group II segment is readjusted to a revised 1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $11.1 Billion, While China is Forecast to Grow at 1.8% CAGR
The Base Oil market in the U.S. is estimated at US$11.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.9 Billion by the year 2030 trailing a CAGR of 1.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.4 Billion by the year 2030.Select Competitors (Total 52 Featured) -
- Avista Oil AG
- Calumet Specialty Products Partners LP
- Chevron Corporation
- Evonik Industries AG
- Exxon Mobil Corporation
- H&R Olwerke Schindler GmbH
- Lotos Oil Sp. Z O.O.
- Nynas AB
- Royal Dutch Shell PLC
- Total SA
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Base Oil?
What is the growth rate of the Global Market for Base Oil?
What is the forecasted size of the Global Market for Base Oil?
Who are the key companies in the Global Market for Base Oil?
| Report Attribute | Details |
|---|---|
| No. of Pages | 249 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 40.9 Billion |
| Forecasted Market Value ( USD | $ 44.5 Billion |
| Compound Annual Growth Rate | 1.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Avista Oil AG
- Calumet Specialty Products Partners LP
- Chevron Corporation
- Evonik Industries AG
- Exxon Mobil Corporation
- H&R Olwerke Schindler GmbH
- Lotos Oil Sp. Z O.O.
- Nynas AB
- Royal Dutch Shell PLC
- Total SA
