This research study is designed to analyze the global market for base oil, both in terms of volume (Kilo Tons) and revenue (USD Million)
Albany, NY -- (SBWIRE) -- 01/02/2015 -- The market for base oil has been segmented on the basis of product type and application. The product types have also been further sub-segmented into prominent grades of base oils predominantly used in the industry. The market has also been segmented at a regional level. The regional segments provided in this study are North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. The report features a detailed regional segmentation along with growth forecasts for the period 2014–2020. Projections have been provided for both product types and applications under each region. Apart from projections, historical data regarding consumption of base oil has also been provided in the report. While the historical data is for the period 2008–2013, all forecasts have been provided for the period 2014–2020.
This report includes the key market dynamics affecting the demand for base oil globally. As a part of our market dynamics analysis, we have analyzed market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report. The report also provides a detailed industry analysis of the global base oil market with the help of Porter's Five Forces model. The Porter's Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global base oil market. The forces analyzed include bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition.
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The study also includes the value chain of the global base oil market, which provides a glimpse of upstream, midstream, and downstream players involved in the business as well as their interaction with the ultimate end users of the product. The market share analysis has been done keeping into perspective the base oil production capacities of the major market players. The market attractiveness analysis for the base oil market has been done on the basis of product type. The attractiveness analysis involves benchmarking and ranking of each product grade on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each grade of base oils, both currently and in the future.
The product grade analysis has been done, both on a global and regional level. The overall base oil market has been segmented as Group I base oils, Group II base oils, Group III base oils, and others. The others segment primarily comprise synthetic and naphthenic base oils. The Group I base oils have been further sub-segmented into SN150, BS150, SN500, and others. The Group II base oils have been further sub-segmented into 150N, 500N, 600N, and others. The Group III base oils have been sub-segmented into 4cSt, 6cSt, and others. The primary application segments for base oils, which have been identified in this market study, include automotive oils, process oils, industrial oils, metalworking fluids, hydraulic oils, and others. The others segment primarily comprises greases.
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Key participants in the global base oil market include ExxonMobil Corporation, Royal Dutch Shell Plc, SK Lubricants, and S-Oil Corporation. Other market players that have been profiled in this market report include Chevron Corporation, SINOPEC Corporation, Philips 66 Company, BP plc, GS Caltex Corporation, MOGoil GmbH, and PetroChina Company Limited. This report provides an overview of these companies, followed by their financial revenue, business strategies, and recent developments.
Global Base Oil Market: Product Segment
Global Base Oil Market: Application Segment
- Automotive Oils
- Industrial Oils
- Process Oils
- Metalworking Fluids
- Hydraulic Oils
Global Base Oil Market: Regional Segment
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
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