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Process Oil - Global Market Outlook (2017-2023)

  • ID: 4426354
  • Report
  • Region: Global
  • 142 pages
  • Stratistics Market Research Consulting Pvt Ltd
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1 of 3


  • Apar Industries Limited
  • Behran Oil Co
  • Chevron Corp
  • Exxon Mobil Corporation
  • Idemitsu Kosan Co., Ltd.
  • Panama Petrochem Ltd
  • MORE
The Global Process Oil Market 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 nexto 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 The 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

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Note: Product cover images may vary from those shown
2 of 3


  • Apar Industries Limited
  • Behran Oil Co
  • Chevron Corp
  • Exxon Mobil Corporation
  • Idemitsu Kosan Co., Ltd.
  • Panama Petrochem Ltd
  • MORE

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) (2022)
10.10 Panama Petrochem Ltd     
10.11 Orgkhim Biochemical Holding    
10.12 San Joaquin Refining Co., Inc.     
10.13 Behran Oil Co
10.14 Avista Oil AG
10.15 Repsol S.A.
10.16 HollyFrontier Corporation
10.17 Phillips 66 Company
10.18 Apar Industries Limited
10.19 Cargill
10.20 Paramo A.S.

Note: Product cover images may vary from those shown
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4 of 3
  • Apar Industries Limited
  • Avista Oil AG
  • Behran Oil Co
  • Cargill
  • Chevron Corp
  • Ergon Inc.
  • Exxon Mobil Corporation
  • Hindustan Petroleum Corporation Limited
  • HollyFrontier Corporation
  • Idemitsu Kosan Co., Ltd.
  • Nynas AB
  • Orgkhim Biochemical Holding
  • Panama Petrochem Ltd
  • Paramo A.S.
  • Petroliam Nasional Berhad (PETRONAS) (2022)
  • Phillips 66 Company
  • Repsol S.A.
  • Royal Dutch Shell plc.
  • San Joaquin Refining Co., Inc.
  • Total S.A
Note: Product cover images may vary from those shown