Process Oil Market To Reach USD 4.86 Million By 2026, Growing at a CAGR of 3.1% | Reports and Data
Process Oil Market Size – USD Billion in 2018, Growth - CAGR of 3.1%, Trends – Increase in demand for process oils in the rubbers polymers applications.
The global Process Oil Market is forecast to reach USD 6.25 Billion by 2026, according to a new report by Reports and Data. Process oils are special types of formulated oils which are used in a wide variety of applications either as a raw material component which crucially helps in the final formulation of certain blends or as an additive of the manufacturing like lubricants, maximizing productivity and process efficiency while minimizing emissions. These oils play crucial roles in manufacturing the final products or are in the manufacturing operations. The process oils are mainly of two types; namely, petrochemical based and bio-based process oils. Based on the physical arrangement of carbon atoms and their respective properties, the petrochemical based oils are subdivided into three parts; such as, Naphthenic, Paraffinic and Aromatic compounds.
The report’s ‘COVID-19 Impact Study’ section focuses on the profound impact of the global pandemic on the materials chemicals market, throwing light on the key challenges the industry players are currently facing. The report further analyzes other crucial aspects of the market, such as product pricing structure, product portfolios, end-use industries, sales statistics, distribution channels, and upcoming industry trends. Moreover, the report provides actionable insights into the industry’s highly competitive scenario and profiles the top companies operating in the industry, along with their extensive product portfolios.
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Top Companies Profiled in the Report:
Indian Oil Corporation Limited, ExxonMobil, Hindustan Petroleum Corporation Limited, Royal Dutch Shell PLC, Nynas AB, Behran Oil Company, HollyFrontier Refining Marketing LLC, Gulf Petroleum Limited, Panama Petrochem Ltd., and Idemitsu Kosan Co., Ltd.
Metalworking industries had a market revenue of USD 0.78 in the 2018 and is expected to grow at a CAGR of 4.2% during the forecast period. Metalworking industries include metal removal, metal surface treatments, metal cutting, and metal shaping, sustaining the rust prevention for their metals. These sort of applications include require huge amount of pure and high performance based process oils. These oils are very low fogging and less volatile.
Defoaming additives are used to minimize the foam formation and potential emission of volatile organic compounds. The formulations function as a carrier fluid and spreads over the surfaces of the system to neutralize the surfactants. The defoaming additives is forecasted to have a market share of 8.1% by 2026.
The paraffinic segment will achieve a market share of 21.8% by 2026 growing at a CAGR of 2.8% in the forecast period. These type of process oils are low staining, elastomer compatible and low volatile also.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/process-oil-market
Market Segmentation:
Type Outlook (Revenue, USD Billion; 2016-2026)
- Naphthenic
- Paraffinic
- Aromatic
- Bio-Based
Formulation Outlook (Revenue, USD Billion; 2016-2026)
- Conventional
- Next Generation
Applications Outlook (Revenue, USD Billion; 2016-2026)
- Metalworking Industries
- Personal Care Products
- Defoaming Additives
- Textile Fabrics
- Cables Covering Adhesives
- Rubbers Polymers
- Printing Inks
- Others
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Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Process Oil Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Process Oil Marke tsize
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Process Oil Market key players
3.2 Global Process Oil Market size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Process Oil Market market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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