Quick Summary:
In an industry as dynamic and competitive as the Lube Oil Refinery Specialties sector, staying informed about the latest market trends is key to retaining a competitive edge. This comprehensive report will offer a detailed analysis of the current trends and a revised projection of the market size that is estimated to reach US$14.2 billion by 2030. Through an insightful dissection of its different segments such as Fully Refined Wax and growth of the White Oil segment, the report can support strategic decision-making growth-driving actions.
Specifically, this report will include in-depth exploration of key geographical markets like the U.S., China, Japan, and Canada. Understanding the economic climate and growth rates of these major markets is fundamental to successful expansion or penetration efforts. Key market players and competitors, from corporations such as Chevron Corporation to Petroliam Nasional Berhad (Petronas), are featured in detail, ensuring a comprehensive understanding of the competitive landscape. Stay informed on the ongoing post-pandemic recovery period and make better strategic decisions with this report's critical data insights and projection.
Global Lube Oil Refinery Specialties Market to Reach $14.2 Billion by 2030
The global market for Lube Oil Refinery Specialties estimated at US$10.1 Billion in the year 2022, is projected to reach a revised size of US$14.2 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030. Fully Refined Wax, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$4.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the White Oil segment is readjusted to a revised 4.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 6.2% CAGR
The Lube Oil Refinery Specialties market in the U.S. is estimated at US$2.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.Select Competitors (Total 43 Featured) -
- Apar Industries Ltd.
- Cepsa SA
- Chevron Corporation
- Dongnam Petroleum Co., Ltd.
- Eni S.P.A.
- Exxon Mobil Corporation
- Gandhar Oil Refinery (India) Limited
- Grupa Lotos SA
- H&R Group
- Hollyfrontier Corporation
- Honeywell International, Inc.
- Indian Oil Corporation Limited
- Lukoil
- Moresco Corporation
- Nippon Seiro Co., Ltd.
- Nynas AB
- Paraffinwaxco, Inc.
- Petrobras SA
- Petrochina Company Limited
- Petroliam Nasional Berhad (Petronas)
- Repsol SA
- Royal Dutch Shell Plc
- Sasol Ltd.
- Sinopec Corporation
- The International Group, Inc.
- 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 Lube Oil Refinery Specialties?
What is the growth rate of the Global Market for Lube Oil Refinery Specialties?
What is the forecasted size of the Global Market for Lube Oil Refinery Specialties?
Who are the key companies in the Global Market for Lube Oil Refinery Specialties?
Report Attribute | Details |
---|---|
No. of Pages | 94 |
Published | October 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 10.1 Billion |
Forecasted Market Value ( USD | $ 14.2 Billion |
Compound Annual Growth Rate | 4.4% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Apar Industries Ltd.
- Cepsa SA
- Chevron Corporation
- Dongnam Petroleum Co., Ltd.
- Eni S.P.A.
- Exxon Mobil Corporation
- Gandhar Oil Refinery (India) Limited
- Grupa Lotos SA
- H&R Group
- Hollyfrontier Corporation
- Honeywell International, Inc.
- Indian Oil Corporation Limited
- Lukoil
- Moresco Corporation
- Nippon Seiro Co., Ltd.
- Nynas AB
- Paraffinwaxco, Inc.
- Petrobras SA
- Petrochina Company Limited
- Petroliam Nasional Berhad (Petronas)
- Repsol SA
- Royal Dutch Shell Plc
- Sasol Ltd.
- Sinopec Corporation
- The International Group, Inc.
- Total SA