The process oil market is projected to grow at a CAGR 2.89% rate during the forecast period. Increasing demand for process oil in the tire & rubber application is one of the major influencing Polymer segment, by type is expected to hold the second-largest market share during forecast period in terms of value. Process oils are utilized as plasticizing agents, catalyst carriers, extender oils, mold release agents, and pigment-dispersing agents in the polymer industry.
Based on application, paraffinic segment expected to capture second-largest market share. Paraffinic process oils use water as the pigment-carrying solvents in printing inks. These oils help the inks provide excellent color fidelity, sharp images, and vibrant colors in the final print. These inks are generally used on textile and paper substrates. On textile substrates, Print on soft signage, home décor, and apparel are some of the major applications of process oil.
The Asia Pacific region is estimated to remain at the top position in process oil market in 2021. Increasing demand for process oil in automobiles and personal care products is driving the growth of the market. Emerging countries like China, India, Japan, and South Korea are the major contributors for the growth of process oil market.
Key players in the Process Oil market include Royal Dutch Shell (Netherlands), ExxonMobil (US), Total S.A. (France), Indian Oil Corporation Limited (India), Petronas Group (Malaysia), Repsol S.A. (Spain), Hindustan Petroleum Corporation Limited (India), Idemitsu Kosan Co., Ltd (Japan), Unipetrol Group (Czech Republic), Panama Petrochem Ltd (India), Nynas AB (Sweden), H&R Group (Germany), Apar Industries (India), Gandhar Oil Refinery Limited (India), and Hollyfrontier Refining & Marketing LLC (US).
Key Questions Addressed by the Report
- What will be the market size by 2026 and what will be the growth rate?
- What are the key market trends?
- What is driving the process oil market?
- What are the challenges that impact growth of the process oil market?
- Who are the key players in the process oil market?
- The report covers process oil market for key regions, such as Asia Pacific, North America, Europe, Middle East & Africa, and South America.
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Market Dynamics
- Drivers
- Growing Tire Manufacturing Industry Across the Globe
- Increasing Demand and Consumption of Process Oils in the Asia Pacific Region
- Growing Use of Solution Styrene-Butadiene Rubber (S-Sbr) in Automobile Tires
- Challenges
- Implementation of the European Union Directive 2005/69/Ec Banning the Use of Polycyclic Aromatic Hydrocarbons in Tire Manufacturing
- Increased Use of Soybean Oil as an Alternative for Process Oils in Tire Manufacturing
- Fluctuating Price of Crude Oil
- Opportunities
- Growing Demand for Low-Viscosity Oils for Use in Vehicles
- Increasing Demand for Green Process Oils Across the Globe
- Executive Summary
- Process Oil Market, By Type
- Naphthenic
- Paraffinic
- Non-Carcinogenic
- Aromatic
- Bio-Based Process Oil
- Process Oil Market, By Application
- Tire & Rubber
- Plastics
- Personal Care
- Textile
- Adhesives & Sealants
- Paints & Coatings
- Pharmaceuticals
- Others ( Agriculture and Industrial)
- Process Oil Market, By Function
- Extender Oil
- Plasticizer
- Solvents
- Deformers
- Others
- Process Oil Market, By Production Technology
- Convention Route
- Gas to Liquid (GTL)
- Process Oil Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Russia
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Thailand
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- UAE
- Iran
- Rest of MEA
- South America
- Brazil
- Argentina
- Columbia
- Rest of South America
- Company Profiles
- Royal Dutch Shell PLC
- Exxonmobil
- Total S.A.
- Indian Oil Corporation Limited
- Petronas Group
- Repsol S.A.
- Hindustan Petroleum Corporation Limited
- Idemitsu Kosan Co., Ltd.
- Unipetrol Group
- Panama Petrochem Ltd
- Nynas AB
- H&R Group
- Apar Industries Limited
- Gandhar Oil Refinery (India) Limited
- Hollyfrontier Refining & Marketing LLC
*Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
