Pune, India -- (SBWIRE) -- 01/22/2020 -- A recent report published by Infinium Global Research on Rubber Process Oil Market (Type - Paraffinic, Naphthenic, DAE, TDAE, MES, and RAE & TRAE; Application - Rubber Processing, Pharmaceuticals, Polymer, Consumer Products, Adhesives & Sealants, Paints & Coatings, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025. According to the report, the global rubber process oil market is projected to grow at a CAGR of 4.5% over the forecast period of 2019-2025.

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Rubber process oil is generally used to process and manufacture various rubber compounds. It is extracted or obtained from petroleum crude oil. Rubber process oil enhances physical properties in vulcanization to minimize the end-product of rubber compounds. Rubber process oil pays an important role in improving fillers' characteristics and diffusion of the flow of compounds in processing. It functions is a low-cost extender and works as a lubricant.

Rising Tire Manufacturing Companies and Industry Worldwide and Growing Demand for Tires in the Automotive Industry

The rubber process oil market is driven by increasing demand for low-viscosity oils in the vehicles and rubber process oil is compatible with elastomer tires. Moreover, the rising tire manufacturing companies and industry worldwide and growing demand for tires in the automotive industry are also expected to drive the rubber process oil market. However, environmental trouble due to the usage of non-biodegradable products is anticipated to restrict the growth of the rubber process oil market. Nonetheless, Rising demand, as well as the need for green rubber process oils worldwide, is estimated to create a new opportunity for the global rubber process oil market.

Rubber Process Oil Market: Segmentation

The report on the global rubber process oil market covers segments such as disease type and application. The type segment is further segmented into the paraffinic, naphthenic, DAE, TDAE, MES, and RAE & TRAE. The naphthenic segment is anticipated to be the dominating type segment. On the basis of Application, the rubber process oil market is bifurcated into rubber processing, pharmaceuticals, polymer, consumer products, adhesives & sealants, paints & coatings, and others.

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Rubber Process Oil Market: Regional Analysis

On the basis of region, the global rubber process oil market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Europe is estimated to show significant growth over the forecast period well-developed automobile industry. The Asia Pacific held the largest revenue share for the global rubber process oil market in 2018 owing to the rising automotive industry in the region due to the large scale demand across the region. Rising sales of automobiles in various developing countries of the region and rising demand from China and India in the flourishing tire market is also a factor responsible for regional market growth of the rubber process oil market.

Rubber Process Oil Market: Competitive Landscapes

The key players in the rubber process oil market are Royal Dutch Shell, Petronas Lubricants Belgium, Repsol, Nynas, Chevron Corporation, ORGKHIM Biochemical, Hindustan Petroleum, and many others.

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About us 
The Infinium Global research comprises of a team of well-experienced analysts who have qualified in generating incisive reports. The rubber process oil market report offers trends, opportunities, challenges, market size, and forecast for major geographical regions and key countries. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the rubber process oil market.