Global Base Oil Market Segmented By Source, By Type, By Application, By End-Use, By Region, Competion, Forecast and Opportunities , 2017-2027

Report
117 Pages
September 2022
Region: Global
TechSci Research
ID: 5648114

The Global Base Oil Market is Expected to Reach at Usd57543.56 Million in 2027F with a CAGR of 7.55% due to Massive Advancements in Manufacturing Facilities and Development in Automotive Engine to Drive Better Fuel Economy.

Global Base Oil Market is expected to reach at USD57543.56 million in 2027F, registering a CAGR of 7.55% due to massive advancements in manufacturing facilities and development in automotive engine to drive better fuel economy.

Base oil is known to be majorly derived from refining crude extract by heating at various levels of temperature and pressure. With an underlying property such as temperature and viscosity correlation, it is broadly categorized into various groups, each having unique applications across various industries from automotive to personal care. The supply-demand assessment determines its extremely ever-growing importance in various end-user industries. Although the demand for base oil is majorly generated from the automotive industry, which hugely depends on fossil fuels, it is going to stay exceedingly high as long as any breakthrough happens in the automotive industry, which possibly might be due to growing concerns of promoting sustainable development scenario in the foreseeable future.

Growing demand in the automobile industry for high-grade oils

The demand for high-grade lubricants to ensure compatibility with fast-moving parts at high temperatures is being driven by advanced engine technology. The final lubricant's overall performance is significantly influenced by the base oil choice. Engine oils constitute 10-30% additives and 70-90% base oil. Therefore, it is estimated that the increased demand for high-grade engine oils would help accelerate the base oil industry. High-performance engine oils can enable diesel vehicles, passenger cars, light-duty trucks, and stationary engines to sustain difficult and demanding conditions. The majority of engine oils are made of base oil. As a result of the rising need for high-grade oils in the automotive industry, the base oil market is growing. Global demand for base oil is projected to increase due to rising investments and tremendous automotive sector growth. The market for base oil is anticipated to boost in the coming years as electric vehicles grow increasingly mainstream in developed nations such as the United States and China.

Temperature bearing capacity makes the base oil & its market more promising

Technological innovations in automotive engine fabrication are driving the demand for lubricants with higher grade composition. This state-of-the-art technology provides compatibility with high pace moving parts at extremely high temperatures. The basis on which the selection of base oil is made makes a significant impact on the total performance of the finished lubricants. Compositionally, engine oils are 70 -90% of base oils and 10-30% additives. Hence, the rising demand for high-grade engine oils is likely to bolster the market for base oil. Base oils are utilized in manufacturing industrial oils, including lubricating greases. Due to their extreme temperature endurance capacity, base oil builds a huge spectrum as a significant application for a variety of automobiles.

Rapid rise in Industrialization in developing economies

The expansion of end-user industries in emerging economies is fuelling the continuous rise of the Asia-Pacific base oil market. The need for lubricants and its derivatives, such as finished lubricants, is being driven by growth in industries including industrial machinery, automotive, and energy in rising economies like India, Indonesia, Thailand, and South Korea. Due to the depletion of underground hydrocarbon reserves and the enhanced attention towards environmental protection, there has been an increase in the demand for eco-friendly synthetic hydraulic oils or hydraulic fluids. Many different end-use industries, including aviation, manufacturing, construction, and automotive, use these oils. The functions of hydraulic fluids include power transmission, lubrication, machine protection against corrosion and wear, and heat transfer. Hydraulic fluid demand is increasing because of the mechanisation and rapid industrialisation of various industries. As a result, the Asia Pacific base oil market is being driven.

Market Segmentation

The Global Base Oil Market is segmented based on Source, Type, Application, End-Use, company, and regional distribution. Based on Source, the market is segmented into Mineral, Synthetic, and Vegetable. Based on Type, the market is further segmented into Group 1, Group 2, Group 3, Group 4, and Group 5. Based on Application, the market can be split into Engine Oil, General Industrial Oils, Process Oils, Greases, Others. Based on the End-Use, the market is divided into Automotive, Industrial, Personal Care, Others. The market analysis also studies the regional segmentation divided among the Asia-Pacific region, North American region, European region, Middle East & African region, and South American region. \While the United States Base Oil Market stood at 4570.21 thousand tonnes in the year 2021 and is projected to grow at a CAGR of 4.71% by volume during the forecast period.

Company Profiles

S-Oil, ENEOS Corporation (erstwhile JXTG Nippon Oil & Energy Corporation), TotalEnergies SE, Sinopec, Calumet Specialty Products Partners, L.P., ExxonMobil, SK lubricants-Repsol, ADNOC, Rosneft, Formosa Petrochemical Corporation, Shanxi Lu’An Taihang Lubricants Co. Ltd., are among the major market players in the Global Base Oil Market.

Report Scope:

In this report, Global Base Oil Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Base Oil Market, By Source:

Mineral
Synthetic
Vegetable

Base Oil Market, By Type:

Group 2
Group 1
Group 3
Group 5
Group 4

Base Oil Market, By Application:

Engine Oils
General Industrial Oils
Process Oils
Greases
Others (Gear & Transmission Oil)

Base Oil Market, By End-Use:

Automotive
Industrial
Personal Care
Others (Marine, Defense)

Base Oil Market, By Region:

Asia-Pacific
China
India
Indonesia
Thailand
Philippines
Malaysia
North America
United States
Canada
Mexico
Europe
Germany
France
Italy
Spain
Poland
Netherlands
Middle East & Africa
Iran
Saudi Arabia
Egypt
South Africa
Nigeria
Iraq
UAE
South America
Brazil
Argentina
Peru
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Base Oil Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.

1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on Global Base Oil Market

5. Voice of Customer

5.1. Factors Considered Before Purchase
5.2. Brand Awareness and Brand Satisfaction Level
5.3. Preferred Point of Purchase

6. Global Base Oil Market Outlook

6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Source (Mineral, Synthetic, Vegetable)
6.2.2. By Type (Group 2, Group 1, Group 3, Group 5, Group 4)
6.2.3. By Application (Engine Oils, General Industrial Oils, Process Oils, Greases, Others (Gear & Transmission Oil))
6.2.4. By End-Use (Automotive, Industrial, Personal Care, Others (Marine, Defense))
6.2.5. By Company (2021)
6.2.6. By Region
6.3. Product Market Map

7. Asia-Pacific Base Oil Market Outlook

7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Type
7.2.3. By Application
7.2.4. By End-Use
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Base Oil Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Application
7.3.1.2.3. By End-Use
7.3.2. India Base Oil Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Application
7.3.2.2.3. By End-Use
7.3.3. Indonesia Base Oil Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Application
7.3.3.2.3. By End-Use
7.3.4. Thailand Base Oil Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Volume
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Application
7.3.4.2.3. By End-Use
7.3.5. Philippines Base Oil Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Volume
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Application
7.3.5.2.3. By End-Use
7.3.6. Malaysia Base Oil Market Outlook
7.3.6.1. Market Size & Forecast
7.3.6.1.1. By Volume
7.3.6.2. Market Share & Forecast
7.3.6.2.1. By Type
7.3.6.2.2. By Application
7.3.6.2.3. By End-Use

8. North America Base Oil Market Outlook

8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Type
8.2.3. By Application
8.2.4. By End-Use
8.2.5. By Country
8.3. North America: Country Analysis
8.3.1. United States Base Oil Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Volume
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Application
8.3.1.2.3. By End-Use
8.3.2. Canada Base Oil Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Volume
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Application
8.3.2.2.3. By End-Use
8.3.3. Mexico Base Oil Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Volume
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Application
8.3.3.2.3. By End-Use

9. Europe Base Oil Market Outlook

9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Type
9.2.3. By Application
9.2.4. By End-Use
9.2.5. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Base Oil Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Volume
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Application
9.3.1.2.3. By End-Use
9.3.2. France Base Oil Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Volume
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Application
9.3.2.2.3. By End-Use
9.3.3. Italy Base Oil Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Volume
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Application
9.3.3.2.3. By End-Use
9.3.4. Spain Base Oil Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Volume
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Type
9.3.4.2.2. By Application
9.3.4.2.3. By End-Use
9.3.5. Poland Base Oil Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Volume
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Type
9.3.5.2.2. By Application By End-Use
9.3.5.2.3. By End-Use
9.3.6. Netherlands Base Oil Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Volume
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Type
9.3.6.2.2. By Application
9.3.6.2.3. By End-Use

10. Middle East & Africa Base Oil Market Outlook

10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Type
10.2.3. By Application
10.2.4. By End-Use
10.2.5. By Country
10.3. Middle East & Africa: Country Analysis
10.3.1. Iran Base Oil Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Volume
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Application
10.3.1.2.3. By End-Use
10.3.2. Saudi Arabia Base Oil Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Volume
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Application
10.3.2.2.3. By End-Use
10.3.3. Egypt Base Oil Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Volume
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Application
10.3.3.2.3. By End-Use
10.3.4. South Africa Base Oil Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Volume
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Application
10.3.4.2.3. By End-Use
10.3.5. Nigeria Base Oil Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Volume
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Type
10.3.5.2.2. By Application
10.3.5.2.3. By End-Use
10.3.6. Iraq Base Oil Market Outlook
10.3.6.1. Market Size & Forecast
10.3.6.1.1. By Volume
10.3.6.2. Market Share & Forecast
10.3.6.2.1. By Type
10.3.6.2.2. By Application
10.3.6.2.3. By End-Use
10.3.7. UAE Base Oil Market Outlook
10.3.7.1. Market Size & Forecast
10.3.7.1.1. By Volume
10.3.7.2. Market Share & Forecast
10.3.7.2.1. By Type
10.3.7.2.2. By Application
10.3.7.2.3. By End-Use

11. South America Base Oil Market Outlook

11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Source
11.2.2. By Type
11.2.3. By Application
11.2.4. By End-Use
11.2.5. By Country
11.3. South America: Country Analysis
11.3.1. Brazil Base Oil Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Volume
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Type
11.3.1.2.2. By Application
11.3.1.2.3. By End-Use
11.3.2. Argentina Base Oil Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Volume
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Type
11.3.2.2.2. By Application
11.3.2.2.3. By End-Use
11.3.3. Peru Base Oil Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Volume
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Type
11.3.3.2.2. By Application
11.3.3.2.3. By End-Use
11.3.4. Colombia Base Oil Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Volume
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Type
11.3.4.2.2. By Application
11.3.4.2.3. By End-Use

12. Market Dynamics

12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. S-Oil
14.2. ENEOS Corporation (erstwhile JXTG Nippon Oil & Energy Corporation)
14.3. TotalEnergies SE
14.4. Sinopec
14.5. Calumet Specialty Products Partners, L.P.
14.6. ExxonMobil
14.7. SK lubricants-Repsol
14.8. ADNOC
14.9. Rosneft
14.10. Formosa Petrochemical Corporation
14.11. Shanxi Lu’An Taihang Lubricants Co. Ltd.

15. Strategic Recommendations16. About the Publisher & Disclaimer

List of Figures

Figure 1: Global Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F
Figure 2: Global Base Oil Market Share, By Source, By Volume, 2017-2027F
Figure 3: Global Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 4: Global Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 5: Global Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 6: Global Base Oil Market Share, By Region, By Volume, 2017-2027F
Figure 7: Global Base Oil Market Share, By Company, By Value, 2021
Figure 8: Global Base Oil Market Map, By Source, Market Size (USD Million) & Growth Rate (%), 2021
Figure 9: Global Base Oil Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 10: Global Base Oil Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021
Figure 11: Global Base Oil Market Map, By End-Use, Market Size (USD Million) & Growth Rate (%), 2021
Figure 12: Global Base Oil Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021
Figure 13: Asia-Pacific Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F
Figure 14: Asia-Pacific Base Oil Market Share, By Source, By Volume, 2017-2027F
Figure 15: Asia-Pacific Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 16: Asia-Pacific Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 17: Asia-Pacific Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 18: Asia-Pacific Base Oil Market Share, By Country, By Volume, 2017-2027F
Figure 19: China Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 20: China Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 21: China Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 22: China Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 23: India Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 24: India Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 25: India Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 26: India Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 27: Indonesia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 28: Indonesia Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 29: Indonesia Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 30: Indonesia Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 31: Thailand Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 32: Thailand Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 33: Thailand Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 34: Thailand Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 35: Philippines Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 36: Philippines Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 37: Philippines Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 38: Philippines Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 39: Malaysia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 40: Malaysia Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 41: Malaysia Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 42: Malaysia Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 43: North America Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F
Figure 44: North America Base Oil Market Share, By Source, By Volume, 2017-2027F
Figure 45: North America Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 46: North America Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 47: North America Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 48: North America Base Oil Market Share, By Country, By Volume, 2017-2027F
Figure 49: United States Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 50: United States Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 51: United States Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 52: United States Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 53: Canada Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 54: Canada Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 55: Canada Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 56: Canada Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 57: Mexico Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 58: Mexico Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 59: Mexico Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 60: Mexico Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 61: Europe Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F
Figure 62: Europe Base Oil Market Share, By Source, By Volume, 2017-2027F
Figure 63: Europe Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 64: Europe Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 65: Europe Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 66: Europe Base Oil Market Share, By Country, By Volume, 2017-2027F
Figure 67: Germany Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 68: Germany Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 69: Germany Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 70: Germany Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 71: France Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 72: France Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 73: France Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 74: France Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 75: Italy Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 76: Italy Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 77: Italy Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 78: Italy Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 79: Spain Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 80: Spain Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 81: Spain Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 82: Spain Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 83: Poland Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 84: Poland Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 85: Poland Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 86: Poland Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 87: Netherlands Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 88: Netherlands Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 89: Netherlands Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 90: Netherlands Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 91: Middle East & Africa Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F
Figure 92: Middle East & Africa Base Oil Market Share, By Source, By Volume, 2017-2027F
Figure 93: Middle East & Africa Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 94: Middle East & Africa Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 95: Middle East & Africa Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 96: Middle East & Africa Base Oil Market Share, By Country, By Volume, 2017-2027F
Figure 97: Iran Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 98: Iran Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 99: Iran Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 100: Iran Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 101: Saudi Arabia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 102: Saudi Arabia Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 103: Saudi Arabia Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 104: Saudi Arabia Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 105: Egypt Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 106: Egypt Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 107: Egypt Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 108: Egypt Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 109: South Africa Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 110: South Africa Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 111: South Africa Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 112: South Africa Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 113: Nigeria Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 114: Nigeria Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 115: Nigeria Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 116: Nigeria Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 117: Iraq Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 118: Iraq Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 119: Iraq Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 120: Iraq Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 121: UAE Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 122: UAE Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 123: UAE Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 124: UAE Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 125: South America Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F
Figure 126: South America Base Oil Market Share, By Source, By Volume, 2017-2027F
Figure 127: South America Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 128: South America Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 129: South America Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 130: South America Base Oil Market Share, By Country, By Volume, 2017-2027F
Figure 131: Brazil Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 132: Brazil Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 133: Brazil Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 134: Brazil Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 135: Argentina Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 136: Argentina Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 137: Argentina Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 138: Argentina Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 139: Peru Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 140: Peru Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 141: Peru Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 142: Peru Base Oil Market Share, By End-Use, By Volume, 2017-2027F
Figure 143: Colombia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F
Figure 144: Colombia Base Oil Market Share, By Type, By Volume, 2017-2027F
Figure 145: Colombia Base Oil Market Share, By Application, By Volume, 2017-2027F
Figure 146: Colombia Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

S-Oil
ENEOS Corporation (erstwhile JXTG Nippon Oil & Energy Corporation)
TotalEnergies SE
Sinopec
Calumet Specialty Products Partners, L.P.
ExxonMobil
SK lubricants-Repsol
ADNOC
Rosneft
Formosa Petrochemical Corporation
Shanxi Lu’An Taihang Lubricants Co. Ltd.

Table Information

Report Attribute	Details
No. of Pages	117
Published	September 2022
Forecast Period	2017 - 2027
Estimated Market Value ( USD ) in 2017	$ 32072.19 Million
Forecasted Market Value ( USD ) by 2027	$ 57543.56 Million
Compound Annual Growth Rate	6.0%
Regions Covered	Global

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€4732EUR$4,900USD£4,050GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€5698EUR$5,900USD£4,876GBP

Growing demand in the automobile industry for high-grade oils

Temperature bearing capacity makes the base oil & its market more promising

Rapid rise in Industrialization in developing economies

Market Segmentation

Company Profiles

Report Scope:

Base Oil Market, By Source:

Base Oil Market, By Type:

Base Oil Market, By Application:

Base Oil Market, By End-Use:

Base Oil Market, By Region:

Competitive Landscape

Available Customizations:

Table of Contents

Companies Mentioned (Partial List)

Table Information

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