Base Oil Market - By Product (Group I, Group II, Group III, Group IV, Group V), By Application (Automotive Oils, Process Oils, Hydraulic Oils, Metalworking Fluids, Industrial Oils, Others) and By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, opportunity and Forecast 2020 To 2027
Published Date: May 2021
No. of Pages: 198
Status: Published
Report Code: ARI100405
Lubricants are virtually used in most machines such as refrigerator compressors, engine gears, wind turbines, and the likes. Companies in the base oil market are increasing the availability of lubricants in crucial agricultural equipment, industrial machinery as well as home appliances to ensure proper functioning of machines. However, several base oils and lubricants are made from petroleum, which is a non-renewable feedstock, resulting in increased greenhouse gas emissions. This explains why the base oil market is expected to progress at a sluggish CAGR of ~2% during the forecast period. Hence, researchers are tapping opportunities in renewable lubricants that are made from products such as wood, switchgrass, and sustainable organic wastes.
Furthermore, several new GTL units are in the construction pipeline, with about 404,100 b/cd in additional capacity during the forecast period. Over 50.0% of the global GTL capacity is likely to be located in the Middle East, specifically in Qatar, UAE, with others in the Asia Pacific, Western Europe, and North America. These regions are thus expected to continue being a primary source for high-quality lubricant suppliers.
The base oil market is a highly fragmented market, where numerous players hold insignificant share to affect the market dynamics individually. Some of the noticeable players in the market include Exxon Mobil Corporation, Royal Dutch Shell plc, China Petrochemical Corporation, Evonik Industries AG and Chevron Corporation, among others.
Analyst Commentary
In light of the recent COVID-19 global pandemic, the demand for the product has been turbulent in 2020 due to supply chain disruptions associated with key feedstocks and a decline in demand from end-use markets. Crude oil availability and prices have been disruptive since early 2020 due to the virus outbreak which hampered the movement of the end-use market spectrum including, the industrial and automotive sectors. This led to the uneven supply of feedstocks and eventually slower-paced movement of application industries.
Moreover, the overall demand for lubricants is observed to be sluggish which is a reflection of projected low operating rates of base oil worldwide, since every lubricant is produced from the base oils. Further, the group I products are typically observed to be on top of the manufacturing price curve since the majority of the lubricant formulators lack group II and III production facilities. Therefore, for non-lubricant product formulations, application market participants highly depend on group II and group III products.
From a technological standpoint, the market for base oil has reflected significant changes since the past decade with manufacturers constantly investing in R&D activities to expand their portfolio. For instance, Gas-To-Liquid technology has been successfully commercialized with a rise in existing as well as planned capacity expansion worldwide. The GTL technology is considered to be promising with high industry opportunities to formulate premium lubricating oils through isomerization and existing catalytic hydrocracking processes.
European Group 1 exporters are widening their price range, while some exporters are offering base oils at discounted rates in order to encourage sales amidst the coronavirus pandemic. On the other hand, scientists are increasing efforts to lower processing costs associated with renewable lubricants by developing efficient catalytic reaction channels for the creation of lubricants with tunable characteristics.
Apart from automotive and industrial oils, manufacturers in the base oil market are tapping into opportunities in the bio-lubricant industry of the food sector. However, manufacturers need to meet stringent safety and purity specifications to introduce food grade lubricants in direct consumer-use products. Hence, manufacturers should increase the availability of H1, H2, and H3 food grade lubricants that are gaining acceptance in food processing environments.
Segmentation
In terms of volume, the group 1 segment dominated the market for base oil with a share of 51.7% in 2020. This is attributable to the high demand for the product from an array of industries worldwide due to their characteristics as well as price. According to the American Petroleum Institute (API), group I base oils are classified as the ones containing less than 90.0% saturates along with a Sulphur content of more than 0.03% offering viscosity index between the range of 80 and 120. Group I product is typically 90.0% base oil and 10.0% additive composition. It usually consists of conventional Petro-based products. Since these oils are produced by solvent refining, which is a comparatively easy process, the oils are available at a very low cost in the market.
Group II base oils are commonly used in mineral-based motor oils available in the market. Since hydrocarbon molecules are saturated for these oils, they tend to offer better antioxidant properties. Additionally, they are clearer than group 1 oil. However, they cost more than group I counterparts owing to the change in the production process for both these categories. Group II products are also known for performance in lubrication such as volatility and stability in oxidation.
The market is witnessing capacity expansions for group II base oil particularly in Europe and the Asia Pacific. For instance, in September 2014, Hyundai and Shell Base Oil Co. set up a new base oil manufacturing unit in South Korea. The plant is known to have group II product formulating capacity of 650,000 tons per year. The Middle East and Africa, particularly Abu Dhabi also witnessed a considerable capacity expansion in 2015 along with China and Singapore.
In terms of volume, automotive applications dominated the base oil market with a share of 44.2% in 2020. This is attributable to the advent of technology in the automotive sector such as automation along with exceptional performance offered by luxury vehicles. Expanding the middle-class population along with the growing number of the young population requiring vehicles to commute is expected to drive automotive demand, thereby fueling the growth of the market for base oil.
Automotive oils, also called motor oils, demand around half of the base oil production with specific requirements for physical and chemical properties. Therefore, refiners design the aforementioned properties of their product formulations within the capabilities of processing but at the same time meeting the performance requirements of automotive oil.
Mature economies of North America and Europe are shifting their production facilities towards Asia Pacific countries owing to the availability of low-cost labor along with ample land. Moreover, continuously expanding population along with the increasing middle-class groups with higher real income and purchasing power has stimulated the demand for vehicles. Easy availability of loans and wide sources of funding have made vehicles affordable for the most part of the population.
Process oils are used either as raw material or as a processing aid in numerous industries. They are extensively utilized in technical and chemical industries primarily to enhance the manufacturing processes. Additionally, growing chemical processors across China, India, South Korea, and Japan are projected to drive demand for base oil across the Asia Pacific.
Regional Analysis
Asia Pacific dominated the market for base oil and accounted for 49.3% of the global revenue in 2020. This is attributable to the adoption of the product in the automotive and industrial manufacturing sectors of emerging economies such as China, India, and South East Asia. Furthermore, favorable regulations aimed at promoting fuel efficiency from vehicles and industrial machines are expected to fuel the growth of the market for base oils over the next couple of years.
China is particularly a rich country owing to the presence of natural resources. The country is experiencing an increasing demand for industrial goods along with automobiles within the country and from the outside. It is home to a large chunk of the population while the economy is expected to improve at a considerable rate over the future. The country offers the availability of skilled labor at a low cost and is characterized by numerous manufacturing facilities thriving to become the world’s largest exporter of all essential commodities.
Further, the demand for fuel-efficient vehicles is on the rise in Europe, owing to the implementation of stringent regulations such as the European Union Automotive Fuel Policy, and the EU Directives under which Regulation No 443/2009 set the average CO2 emissions target for new passenger cars at 130 grams per kilometer. The presence of advanced processing technologies and increasing R&D efforts in developed countries such as the U.K., Germany, and France are expected to be other favorable factors driving the industry. The development of unique, high-performance lubricants using base oil is anticipated to drive the demand for base oil in the automotive, industrial machinery, and other sectors.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Global Base Oil Market
Chapter 5. Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
5.1. Global Base Oil Market Share, By Product Types, 2015 - 2027 (USD Million)
5.1.1. Group I
5.1.1.1. Market Size and Projections,2015 - 2027 (USD Million)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.2. Group II
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.3. Group III
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.4. Others
5.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 6. Global Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
6.1. Global Base Oil Share, By End-Users, 2015 - 2027 (USD Million)
6.1.1. Automotive Oils
6.1.1.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.2. Process Oils
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.3. Hydraulic Oils
6.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.4. Others
6.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 7. Global Base Oil Market Overview, By Geography, 2015 – 2027 (USD Million)
7.1. Global Base Oil Market Share, By Geography, 2015 - 2027 (USD Million)
7.1.1. Market Size and projections, by Countries, 2015 – 2027 (USD Million)
7.1.2. Market Share and CAGR Comparison, by Countries, 2019 (%)
Chapter 8. North America Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1. North America Global Base Oil Market Overview, 2015 - 2027 (USD Million)
8.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.2. North America Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.3. North America Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
8.1.4. North America Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.4.1. U.S. Global Base Oil Market Overview, 2015 - 2027 (USD Million)
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.1.2. U.S. Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.4.1.3. U.S. Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
8.1.4.2. Canada Global Base Oil Market Overview, 2015 - 2027 (USD Million)
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.2.2. Canada Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.4.2.3. Canada Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
8.1.4.3. Mexico Global Base Oil Market Overview, 2015 - 2027 (USD Million)
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.3.2. Mexico Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.4.3.3. Mexico Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
Chapter 9. Europe Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1. Europe Global Base Oil Market Overview, 2015 – 2027 (USD Million)
9.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.2. Europe Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.3. Europe Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
9.1.4. Europe Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1.4.1. Germany
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.1.2. Germany Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.4.1.3. Germany Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
9.1.4.2. France
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.2.2. France Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.4.2.3. France Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
9.1.4.3. UK
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.3.2. UK Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.4.3.3. UK Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
9.1.4.4. Italy
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.4.2. Italy Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.4.4.3. Italy Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
9.1.4.5. Spain
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.5.2. Spain Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.4.5.3. Spain Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
9.1.4.6. Rest of Europe
9.1.4.6.1. Market size and projections, 2015 – 2025
9.1.4.6.2. Rest of Europe Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.4.6.3. Rest of Europe Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
Chapter 10. Asia Pacific Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1. Asia Pacific Base Oil Market Overview, 2015 - 2027 (USD Million)
10.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.2. Asia Pacific Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
10.1.3. Asia Pacific Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
10.1.4. Asia Pacific Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1.4.1. India
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.1.2. India Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
10.1.4.1.3. India Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
10.1.4.2. China
10.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.2.2. China Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
10.1.4.2.3. China Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
10.1.4.3. Japan
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.3.2. Japan Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
10.1.4.3.3. Japan Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
10.1.4.4. South Korea
10.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.4.2. South Korea Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
10.1.4.4.3. South Korea Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.5.2. Rest of Asia Pacific Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
10.1.4.5.3. Rest of Asia Pacific Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1. Middle East & Africa Global Base Oil Market Overview, 2015 - 2027 (USD Million)
11.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.2. Middle East & Africa Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.3. Middle East & Africa Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
11.1.4. Middle East & Africa Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1.4.1. GCC
11.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.1.2. GCC Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.4.1.3. GCC Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
11.1.4.2. South Africa
11.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.2.2. South Africa Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.4.2.3. South Africa Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.3.2. Rest of Middle East & Africa Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.4.3.3. Rest of Middle East & Africa Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
Chapter 12. South America Global Base Oil Market Overview, By Countries, 2015 - 2027 (USD Million)
12.1. South America Global Base Oil Market Overview, 2015 - 2027 (USD Million)
12.1.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.2. South America Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.3. South America Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
12.1.4. South America Global Base Oil Market Overview, By Countries, 2015- 2026 (USD Million)
12.1.4.1. Brazil
12.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.4.1.2. Brazil Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.4.1.3. Brazil Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
12.1.4.2. Argentina
12.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.4.2.2. Argentina Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.4.2.3. Argentina Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
12.1.4.3. Rest of South America
12.1.4.3.1. Market size and projections, 2015 – 2026
12.1.4.3.2. Rest of South America Global Base Oil Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.4.3.3. Rest of South America Base Oil Market Overview, By End-Users, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2020
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New Product Types & Unflavoured development
Chapter 14. Key Player Analysis
14.1. Exxon Mobil Corporation
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Product Types & Unflavoured Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. Royal Dutch Shell plc
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Product Types & Unflavoured Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. China Petrochemical Corporation
14.4. Evonik Industries AG
14.5. Chevron Corporation
Chapter 15. Global Base Oil Market Cost Analysis
15.1. Global Base Oil Market Key Raw Materials Analysis
15.1.1. Key Raw Materials
15.1.2. Price Trend of Key Raw Materials
15.1.3. Key Suppliers of Raw Materials
15.1.4. Market Concentration Rate of Raw Materials
15.2. Proportion of Wing Cost Structure
15.2.1. Raw Materials
15.2.2. Labor Cost
15.2.3. Wing Expenses
15.3. Wing Process Analysis of Unsaturated Polyester Resin (UPR) for Composites
Chapter 16. Chain, Sourcing Strategy and Downstream Buyers
16.1. Global Base Oil Market Chain Analysis
16.2. Upstream Raw Materials Sourcing
16.3. Raw Materials Sources of Global Base Oil Market Major Manufacturers in 2019
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Electrical Damage
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Product Types & Automotive Oils Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Product Types & Automotive Oils Progress in Related Industry
18.2. Oncology Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Base Oil Market share, By Product Types, 2020 & 2027 (%)
10. Global Base Oil Market share, By Product Types 2020 & 2027 (USD Million)
11. Global Base Oil Market share, by Group I, By Product Types, 2020 & 2027 (USD Million)
12. Global Base Oil Market share, by Group II, By Product Types, 2020 & 2027 (USD Million)
13. Global Base Oil Market share, by Group III, By Product Types, 2020 & 2027 (USD Million)
14. Global Base Oil Market share, by End User, 2020 & 2027 (%)
15. Global Base Oil Market share, by Unflavoured, by End User, 2020 & 2027 (USD Million)
16. Global Base Oil Market share, by Flavoured, by End User, 2020 & 2027 (USD Million)
17. Global Base Oil Market share, by Product Types, 2020 & 2027 (%)
18. Global Base Oil Market share, by region, 2020 - 2027(%)
19. Global Base Oil Market share, by region, 2019 - 2027(USD Million)
20. North America Global Base Oil Market, 2020 - 2027(USD Million)
21. North America Global Base Oil Market share, by Countries, 2020 & 2027 (%)
22. U.S. Global Base Oil Market, 2020 - 2027(USD Million)
23. Canada Global Base Oil Market, 2020 - 2027(USD Million)
24. Europe Global Base Oil Market, 2020 - 2027(USD Million)
25. Europe Global Base Oil Market share, by Countries, 2020 & 2027 (%)
26. Spain Global Base Oil Market, 2020 - 2027(USD Million)
27. UK Global Base Oil Market, 2020 - 2027(USD Million)
28. Italy Global Base Oil Market, 2020 - 2027(USD Million)
29. Germany Global Base Oil Market, 2020 - 2027(USD Million)
30. France Global Base Oil Market, 2020 - 2027(USD Million)
31. Rest of Europe Global Base Oil Market, 2020 - 2027(USD Million)
32. Asia-Pacific Global Base Oil Market, 2020 - 2027(USD Million)
33. Asia-Pacific Global Base Oil Market share, by Countries, 2020 & 2027 (%)
34. China Global Base Oil Market, 2020 - 2027(USD Million)
35. India Global Base Oil Market, 2020 - 2027(USD Million)
36. Australia Global Base Oil Market, 2020 - 2027(USD Million)
37. Japan Global Base Oil Market, 2020 - 2027(USD Million)
38. Rest of Asia-Pacific Global Base Oil Market, 2020 - 2027(USD Million)
39. Middle East & Africa Global Base Oil Market, 2020 - 2027(USD Million)
40. Middle East & Africa Global Base Oil Market share, by Countries, 2020 & 2027 (%)
41. GCC Global Base Oil Market, 2020 - 2027(USD Million)
42. South Africa Global Base Oil Market, 2020 - 2027(USD Million)
43. Rest of Middle East & Africa Global Base Oil Market, 2020 - 2027(USD Million)
44. South America Global Base Oil Market, 2020 - 2027(USD Million)
45. Brazil Global Base Oil Market, 2020 - 2027(USD Million)
46. Mexico Global Base Oil Market, 2020 - 2027(USD Million)
47. Argentina Global Base Oil Market, 2020 - 2027(USD Million)
48. Rest Of South America Global Base Oil Market, 2020 - 2027(USD Million)
List of Tables
1. Impact of Market drivers
2. Impact of Market restraints
3. Global Base Oil Market, 2020-2027 (USD Million)
4. Base Oil requirement, by country, 2020-2027, (USD Million)
5. North America Base Oil Market, By Product Types, 2020-2027 (USD Million)
6. North America Base Oil Market, by End User, 2020-2027 (USD Million)
7. Europe Base Oil Market, By Product Types, 2020-2027 (USD Million)
8. Europe Base Oil Market, by End User, 2020-2027 (USD Million)
9. Asia Pacific Base Oil Market, by Product Types, 2020-2027 (USD Million)
10. Asia Pacific Base Oil Market, by End User, 2020-2027 (USD Million)
11. Middle East & Africa Global Base Oil Market, By Product Types, 2020-2027 (USD Million)
12. Middle East & Africa Base Oil Market, by End User, 2020-2027 (USD Million)
13. South America Base Oil Market, By Product Types, 2020-2027 (USD Million)
14. South America Base Oil Market, by End User, 2020-2027 (USD Million)
15. Global Base Oil Market, Company Market Share, 2018 (%)
16. Exxon Mobil Corporation : Product Benchmarking
17. Exxon Mobil Corporation : Financial Performance
18. Royal Dutch Shell plc : Product Benchmarking
19. Royal Dutch Shell plc : Financial Performance
20. China Petrochemical Corporation : Product Benchmarking
21. China Petrochemical Corporation : Financial Performance
22. Evonik Industries AG :Product Benchmarking
23. Evonik Industries AG :Financial Performance
24. Chevron Corporation : Product Benchmarking
25. Chevron Corporation : Financial Performance
The Leading Key Players in Base Oil Market
Exxon Mobil Corporation
Royal Dutch Shell plc
China Petrochemical Corporation
Evonik Industries AG and Chevron Corporation,
