In terms of value, the rubber process oil market is projected to grow at a CAGR of 4.1% from 2018 to 2023.
The growing number of automobiles across the globe has contributed to the increasing demand for tires, thereby leading to the growth of the rubber process oil market.
The increase in the sales of automobiles in the Asia Pacific region has led to rising demand for tires, thereby leading to the growth of the Asia Pacific rubber process oil market. Formulation and implementation of the European union directive banning the use of PCA (polycyclic aromatics) in tire manufacturing and increased use of soyabean oil as an alternative for rubber process oil in tire manufacturing are the key factors restricting the growth of the market.
The TDAE type segment is projected to grow at the highest CAGR between 2018 and 2023.
TDAE is projected to grow at the highest CAGR in terms of value between 2018 and 2023. The formulation and implementation of the regulations banning the use of DAE in the European region have led to an increase in the consumption of TDAE in the region.
The Asia Pacific Rubber process oil market is projected to grow at the highest CAGR from 2018 to 2023.
The Asia Pacific region is estimated to account for the largest share of the rubber process oil market in 2018. The growth of the Asia Pacific rubber process oil market can be attributed to increase in the sales of automobiles in the region that is expected to boost the consumption of rubber process oils in the tire and rubber market of the region. Various leading players have adopted the strategies of expansions, new product launches, and agreements, to meet the growing demand for rubber process oil.
The break-up of profiles of primary interviews for the report has been given below:
- By Company Type: Tier 1-25%, Tier 2-35%, and Tier 3-40%
- By Designation: C Level-25%, D Level-25%, and Others-50%
- By Region: Asia Pacific-40%, Europe-25%, North America-22%, the Middle East & Africa-8%, and South America-5%
As a part of the qualitative analysis, this research study provides a comprehensive overview of the drivers, restraints, opportunities, and challenges in the rubber process oil market. It also discusses competitive strategies adopted by leading market players, such as Royal Dutch Shell plc (Netherlands), Chevron Corporation (US), Petronas Lubricants Belgium NV (Belgium), Nynas AB (Sweden), ORGKHIM Biochemical Holding (Russia), Repsol S.A. (Spain), and Hindustan Petroleum Corporation Limited (India) are among others in the rubber process oil market.
Research Coverage
This report defines, segments, and projects the rubber process oil market based on type, end-use industry, and region. It strategically profiles key players and comprehensively analyzes the ranking of the leading market players. It also tracks and analyzes competitive developments, such as expansions, new product launches, and agreements in the rubber process oil market.
Reasons to Buy the Report
This report is expected to help market leaders/new entrants in this market by providing them the closest approximations of revenues of the rubber process oil market and its subsegments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape, gain insights to enhance the position of their businesses, and enable them to make suitable go-to-market strategies.
The report is expected to help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations
2 Research Methodology
2.1 Research Data
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 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Rubber Process Oil Market
4.2 Rubber Process Oil Market, By Type
4.3 Rubber Process Oil Market, By Region
5 Market Overview
5.1 Introduction
5.2 Regulations
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Tire Manufacturing Industry Across the Globe
5.3.1.2 Increasing Demand and Consumption of Rubber Process Oils in the Asia Pacific Region
5.3.1.3 Growing Use of Solution Styrene-Butadiene Rubber (S-SBR) in Tires of Automobiles
5.3.1.4 Growing Demand for Low-Viscosity Oils for Use in Vehicles
5.3.2 Restraints
5.3.2.1 Implementation on the European Union Directive Banning the Use Polycyclic Aromatic Hydrocarbons in the Tire Manufacturing
5.3.2.2 Increased Use of Soybean Oil as an Alternative for Rubber Process Oil in Tire Manufacturing
5.3.3 Opportunities
5.3.3.1 Increasing Demand for Green Rubber Process Oils Across the Globe
5.3.4 Challenges
5.3.4.1 Fluctuating Prices of Crude Oil
5.4 Porter’s Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Buyers
5.4.3 Threat of Substitutes
5.4.4 Threat of New Entrants
5.4.5 Intensity of Competitive Rivalry
6 Rubber Process Oil Market, By Type
6.1 Introduction
6.2 Treated Distillate Aromatic Extracted (TDAE)
6.3 Distillate Aromatic Extract
6.4 Mild Extracted Solvate
6.5 Residual Aromatic Extract (RAE) and Treated Residual Aromatic Extract (TRAE)
6.6 Paraffinic
6.7 Naphthenic
7 Rubber Process Oil Market, By Region
7.1 Introduction
7.2 Asia Pacific
7.2.1 China
7.2.2 India
7.2.3 Japan
7.2.4 South Korea
7.2.5 Indonesia
7.2.6 Thailand
7.2.7 Rest of Asia Pacific
7.3 North America
7.3.1 US
7.3.2 Canada
7.3.3 Mexico
7.4 Europe
7.4.1 Russia
7.4.2 Germany
7.4.3 UK
7.4.4 France
7.4.5 Spain
7.4.6 Italy
7.4.7 Rest of Europe
7.5 Middle East & Africa
7.5.1 Saudi Arabia
7.5.2 UAE
7.5.3 Iran
7.5.4 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Argentina
7.6.3 Colombia
7.6.4 Rest of South America
8 Competitive Landscape
8.1 Overview
8.2 Market Ranking of Key Players
8.3 Competitive Scenario
8.3.1 Expansions
8.3.2 New Product Launches
8.3.3 Acquisitions
8.3.4 Agreements
9 Company Profiles
9.1 Nynas AB
9.2 Apar Industries Limited
9.3 Panama Petrochem Ltd.
9.4 Hollyfrontier Refining & Marketing LLC
9.5 Behran Oil Company
9.6 Gandhar Oil Refinery (India) Limited
9.7 Hindustan Petroleum Corporation Limited (HPCL)
9.8 Total S.A.
9.9 Indian Oil Corporation Limited
9.10 Unipetrol Group
9.11 Idemitsu Kosan Co., Ltd.
9.12 Repsol S.A.
9.13 Orgkhim Biochemical Holding
9.14 Other Key Players
9.14.1 CPC Corporation
9.14.2 Shell Global
9.14.3 Eagle Petrochem
9.14.4 Lodha Petro
9.14.5 WBF Pte Ltd.
9.14.6 Southwestern Petroleum Corporation
9.14.7 Cross Oil Refining & Marketing, Inc.
9.14.8 Kite International
9.14.9 Iranol
9.14.10 Vintrol Lubes Pvt. Ltd.
9.14.11 Petro Gulf Fzc
9.14.12 Witmans Industries Pvt. Ltd.
9.14.13 Sterlite Lubricants Pvt. Ltd.
9.14.14 Gulf Petroleum Ltd.
9.14.15 Wellbank Global Pte Ltd.
9.14.16 Ergon North & South America
10 Appendix
10.1 Discussion Guide
10.2 Knowledge Store: Subscription Portal
10.3 Available Customizations
10.4 Related Reports
10.5 Author Details
List of Tables (93 Tables)
Table 1 Rubber Process Oil Market Snapshot
Table 2 Car and Commercial Vehicles Production, By Country, 2017
Table 3 Comparison of Different Types of Rubber Process Oils
Table 4 Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 5 Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 6 TDAE Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 7 TDAE Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 8 DAE Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 9 DAE Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 10 MES Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 11 MES Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 12 RAE & TRAE Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 13 RAE & TRAE Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 14 Paraffinic Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 15 Paraffinic Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 16 Naphthenic Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 17 Naphthenic Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 18 Rubber Process Oil Market, By Region, 2016-2023 (USD Million)
Table 19 Rubber Process Oil Market, By Region, 2016-2023 (Kiloton)
Table 20 Asia Pacific Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 21 Asia Pacific Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 22 Asia Pacific Rubber Process Oil Market, By Country, 2016–2023 (USD Million)
Table 23 Asia Pacific Rubber Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 24 China Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 25 China Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 26 India Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 27 India Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 28 Japan Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 29 Japan Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 30 South Korea Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 31 South Korea Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 32 Indonesia Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 33 Indonesia Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 34 Thailand Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 35 Thailand Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 36 Rest of Asia Pacific Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 37 Rest of Asia Pacific Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 38 North America Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 39 North America Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 40 North America Rubber Process Oil Market, By Country, 2016–2023 (USD Million)
Table 41 North America Rubber Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 42 US Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 43 US Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 44 Canada Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 45 Canada Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 46 Mexico Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 47 Mexico Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 48 Europe Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 49 Europe Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 50 Europe Rubber Process Oil Market, By Country, 2016–2023 (USD Million)
Table 51 Europe Rubber Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 52 Russia Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 53 Russia Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 54 Germany Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 55 Germany Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 56 UK Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 57 UK Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 58 France Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 59 France Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 60 Spain Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 61 Spain Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 62 Italy Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 63 Italy Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 64 Rest of Europe Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 65 Rest of Europe Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 66 Middle East & Africa Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 67 Middle East & Africa Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 68 Middle East & Africa Rubber Process Oil Market, By Country, 2016–2023 (USD Million)
Table 69 Middle East & Africa Rubber Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 70 Saudi Arabia Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 71 Saudi Arabia Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 72 UAE Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 73 UAE Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 74 Iran Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 75 Iran Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 76 Rest of Middle East & Africa Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 77 Rest of Middle East & Africa Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 78 South America Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 79 South America Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 80 South America Rubber Process Oil Market, By Country, 2016–2023 (USD Million)
Table 81 South America Rubber Process Oil Market, By Country, 2016–2023 (Kilotons)
Table 82 Brazil Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 83 Brazil Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 84 Argentina Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 85 Argentina Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 86 Colombia Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 87 Colombia Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 88 Rest of South America Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 89 Rest of South America Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 90 Expansions, January 2015–July 2018
Table 91 New Product Launches, January 2015–July 2018
Table 92 Acquisitions, January 2015–July 2018
Table 93 Agreements, January 2015–July 2018
List of Figures (37 Figures)
Figure 1 Rubber Process Oil Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Rubber Process Oil Market: Data Triangulation
Figure 5 Based on Type, Naphthenic Segment Expected to Lead Rubber Process Oil Market Between 2018 and 2023
Figure 6 Asia Pacific Region Expected to Lead Rubber Process Oil Market in 2018
Figure 7 Increasing Demand From Global Tire Industry Offers Lucrative Growth Opportunities for Rubber Process Oil Market
Figure 8 Naphthenic Segment Expected to Lead Process Oil Market From 2018 to 2023
Figure 9 Asia Pacific Rubber Process Oil Market Expected to Grow at the Highest CAGR From 2018 to 2023
Figure 10 Rubber Process Oil Market Dynamics
Figure 11 Global Average Crude Oil Prices Per Barrel, 2010–2030
Figure 12 Rubber Process Oil Market: Porter’s Five Forces Analysis
Figure 13 Naphthenic Segment Expected to Lead Rubber Process Oil Market From 2018 to 2023
Figure 14 Asia Pacific TDAE Rubber Process Oil Market Projected to Grow at Highest CAGR From 2018 to 2023
Figure 15 Asia Pacific Region Projected to Lead the DAE Rubber Process Oil Market From 2018 to 2023
Figure 16 Asia Pacific Region Projected to Be the Largest Market for MES From 2018 to 2023
Figure 17 Asia Pacific RAE & TRAE Rubber Process Oil Market Projected to Grow at A Highest CAGR From 2018 to 2023
Figure 18 Asia Pacific Paraffinic Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 19 Asia Pacific Naphthenic Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 20 China Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 21 Asia Pacific is the Leading Market in Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 22 North America Rubber Process Oil Market
Figure 23 Europe Rubber Process Oil Market
Figure 24 Middle East & Africa Rubber Process Oil Market
Figure 25 South America Rubber Process Oil Market
Figure 26 Companies Adopted Organic Growth Strategies Between January 2015 and July 2018 to Strengthen Their Position in Rubber Process Oil Market
Figure 27 Nynas AB Expected to Lead Rubber Process Oil Market in 2018
Figure 28 Nynas AB: Company Snapshot
Figure 29 Apar Industries Limited: Company Snapshot
Figure 30 Panama Petrochem Ltd: Company Snapshot
Figure 31 Gandhar Oil Refinery (India) Limited: Company Snapshot
Figure 32 Hindustan Petroleum Corporation Limited: Company Snapshot
Figure 33 Total S.A.: Company Snapshot
Figure 34 Indian Oil Corporation Limited: Company Snapshot
Figure 35 Unipetrol Group: Company Snapshot
Figure 36 Idemitsu Kosan Co., Ltd.: Company Snapshot
Figure 37 Repsol S.A.: Company Snapshot
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Executive Summary
Companies Mentioned
- Apar Industries Limited
- Behran Oil Company
- CPC Corporation
- Cross Oil Refining & Marketing, Inc.
- Eagle Petrochem
- Ergon North & South America
- Gandhar Oil Refinery (India) Limited
- Gulf Petroleum Ltd.
- Hindustan Petroleum Corporation Limited (HPCL)
- Hollyfrontier Refining & Marketing LLC
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation Limited
- Iranol
- Kite International
- Lodha Petro
- Nynas AB
- Orgkhim Biochemical Holding
- Panama Petrochem Ltd.
- Petro Gulf Fzc
- Repsol S.A.
- Shell Global
- Southwestern Petroleum Corporation
- Sterlite Lubricants Pvt. Ltd.
- Total S.A.
- Unipetrol Group
- Vintrol Lubes Pvt. Ltd.
- WBF Pte Ltd.
- Wellbank Global Pte Ltd.
- Witmans Industries Pvt. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | October 2018 |
| Forecast Period | 2018 - 2023 |
| Estimated Market Value ( USD | $ 1.91 billion |
| Forecasted Market Value ( USD | $ 2.33 billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
