FEATURED COMPANIES
- Apar Industries Ltd.
- Gp Petroleums
- Lanxess Process Oil
- Panama Petrochem Ltd.
- Repsol S.A.
- Sasol
MARKET OUTLOOK
According to this research, the Asia-Pacific process oil market is anticipated to grow in terms of revenue with a CAGR of 4.23% and 4.12% with respect to volume for the forecasting period 2019-2027.The process oil market in the Asia-Pacific region is shaped by China, India, Japan, South Korea, ASEAN countries, and countries in Rest of Asia-Pacific.
The increasing demand for personal care & beauty products and the rising manufacturing in the automobile sector primarily drive the process oil market in the Asia-Pacific. Countries from the Asia-Pacific region offer significant opportunities to make rapid progress in the consumer market. India is a dominant producer and exporter of tires, setting a benchmark on the global scenario. The process oils are extensively used in the manufacturing of tires to provide efficient toughness and flatness.
The Indian cosmetics industry has been witnessing a drastic change by moving from unorganized informal markets to the organized retail market in major cities. The rise in disposable income and improved cost of living than previous years have enabled Indian consumers to afford lifestyle-oriented products and services such as spas. Cosmetics and personal care products are made up of white oils, which is further expected to fuel the process oil market.
Similarly, the increasing population, rising GDP, public infrastructure development, and rapid urbanization are driving the process oil market in the Rest of Asia-Pacific with respect to its technical textile segment. The polymer industry (white oil), tire industry (rubber process oil), and T&D networks in the power industry (transformer oil) are also expected to contribute to the growth of the process oil market.
COMPETITIVE OUTLOOK
Some prominent names in the process oil market are Hindustan Petroleum Corporation Ltd, JX Nippon Oil & Gas Exploration, HollyFrontier Corporation, Ergon North & South America, Total S.A., PetroChina Company Limited, Idemitsu Kosan Co., Ltd., ExxonMobil Chemical Co., Petrobras, Repsol S.A., Sasol Limited, Iranol Company, Nynas AB, Sunoco LP, and Calumet Specialty Products Partners, L.P.FEATURED COMPANIES
- Apar Industries Ltd.
- Gp Petroleums
- Lanxess Process Oil
- Panama Petrochem Ltd.
- Repsol S.A.
- Sasol
1. Asia-Pacific Process Oil Market – Summary
2. Industry Outlook
3. Process Oil Market Outlook – By Type
4. Process Oil Market Outlook – By Application
5. Process Oil Market – Regional Outlook
6. Company Profiles
7. Research Methodology & Scope
List of Tables
List of Figures
A selection of companies mentioned in this report includes:
- Chevron Corporation
- Gazprom
- Gp Petroleums
- Apar Industries Ltd.
- Lanxess Process Oil
- Royal Dutch Shell Plc
- Hindustan Petroleum Corporation Ltd.
- Hollyfrontier Refining & Marketing, Inc.
- Calumet Specialty Products Partners, L.P.
- Ergon North & South America
- Total S.A.
- Petrochina Company Ltd.
- Idemitsu Kosan Co., Ltd.
- Exxon Mobil Chemical Company
- Petrobras
- Repsol S.A.
- Sasol
- Iranol Company
- Jx Nippon Oil & Gas Exploration
- Nynas Ab
- Sunoco Lp
- Lukoil
- Orgkhim Biochemical Holding
- Panama Petrochem Ltd.
- Petronas Lubricants International
- Rosneft
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