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Naphthenic Base Oil: Global Strategic Business Report

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    Report

  • 197 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140631

Global Naphthenic Base Oil Market to Reach $2.7 Billion by 2030

The global market for Naphthenic Base Oil estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Metal working, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$333.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Process oil segment is readjusted to a revised 4.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $528.1 Million, While China is Forecast to Grow at 6.8% CAGR

The Naphthenic Base Oil market in the U.S. is estimated at US$528.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$620 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Select Competitors (Total 47 Featured) -

  • Calumet Specialty Products Partners LP
  • Chevron Corporation
  • Ergon North & South America
  • Nynas AB
  • Royal Dutch Shell PLC

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 the publisher's Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Naphthenic Base Oil

What is the estimated value of the Global Market for Naphthenic Base Oil?

The Global Market for Naphthenic Base Oil was estimated to be valued at $2 Billion in 2022.

What is the growth rate of the Global Market for Naphthenic Base Oil?

The growth rate of the Global Market for Naphthenic Base Oil is 3.8%, with an estimated value of $2.7 Billion by 2030.

What is the forecasted size of the Global Market for Naphthenic Base Oil?

The Global Market for Naphthenic Base Oil is estimated to be worth $2.7 Billion by 2030.

Who are the key companies in the Global Market for Naphthenic Base Oil?

Key companies in the Global Market for Naphthenic Base Oil include Calumet Specialty Products Partners LP, Chevron Corporation, Ergon North & South America, Nynas AB and Royal Dutch Shell PLC.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Naphthenic Base Oil - Global Key Competitors Percentage Market Share in 2021 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Naphthenic Base Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Naphthenic Base Oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Naphthenic Base Oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Metal working by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Metal working by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Metal working by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Process oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Process oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Process oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Electrical oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Electrical oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Electrical oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Industrial lubes & grease by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Industrial lubes & grease by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Industrial lubes & grease by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Rubber oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Rubber oil by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Rubber oil by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Naphthenic Base Oil Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 23: USA Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 24: USA Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 25: USA 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • CANADA
  • Table 26: Canada Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 27: Canada Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 28: Canada 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • JAPAN
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 29: Japan Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 30: Japan Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 31: Japan 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • CHINA
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 32: China Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 33: China Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 34: China 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • EUROPE
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 35: Europe Recent Past, Current & Future Analysis for Naphthenic Base Oil by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 36: Europe Historic Review for Naphthenic Base Oil by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 37: Europe 16-Year Perspective for Naphthenic Base Oil by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
  • Table 38: Europe Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 39: Europe Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 40: Europe 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • FRANCE
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 41: France Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 42: France Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 43: France 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • GERMANY
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 44: Germany Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 45: Germany Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 46: Germany 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • ITALY
  • Table 47: Italy Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 48: Italy Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 49: Italy 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • UNITED KINGDOM
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 50: UK Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 51: UK Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 52: UK 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • SPAIN
  • Table 53: Spain Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 54: Spain Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 55: Spain 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • RUSSIA
  • Table 56: Russia Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 57: Russia Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 58: Russia 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • REST OF EUROPE
  • Table 59: Rest of Europe Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 60: Rest of Europe Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 61: Rest of Europe 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • ASIA-PACIFIC
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Naphthenic Base Oil by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 63: Asia-Pacific Historic Review for Naphthenic Base Oil by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 64: Asia-Pacific 16-Year Perspective for Naphthenic Base Oil by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
  • Table 65: Asia-Pacific Recent Past, Current & Future Analysis for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 66: Asia-Pacific Historic Review for Naphthenic Base Oil by Application - Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 67: Asia-Pacific 16-Year Perspective for Naphthenic Base Oil by Application - Percentage Breakdown of Value Sales for Metal working, Process oil, Electrical oil, Industrial lubes & grease, Rubber oil and Other Applications for the Years 2014, 2023 & 2030
  • AUSTRALIA
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Naphthenic Base Oil Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Calumet Specialty Products Partners LP
  • Chevron Corporation
  • Ergon North & South America
  • Nynas AB
  • Royal Dutch Shell PLC