Deerfield Beach, FL -- (SBWIRE) -- 05/22/2017 -- Latest industry research report on Base Oil Market. Increasing usage of automotive oil for various lubricating applications in the automotive industry is among the factors expected to fuel the growth of this segment. Base oils help in reducing volatility of emulsions, thus leading to their stability. Stable emulsions are considered to be efficient for lubricating applications.

Base oils offer various properties, such as increased viscosity index, improved oxidative stability, low sulphur content, high level of saturation, and reduced volatility, among others. Due to these properties of base oils, there has been overall improvement in the performance of engine oils, and lubricating greases.

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Moreover, the increasing demand for base oils in the automotive oil applications is one of the major factors fueling the growth of the overall market, globally.

Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil have a high boiling point ranging between 550F to 1050F. Base oil can be either paraffinic or naphthenic in nature depending on the chemical structure of the molecules.

The report segments the base oil market on the basis of grade, application, and geography.

Market by Grade

Group I
Group II
Group III
Group IV
Group V

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Market by Application

Automotive Oil
Industrial Oil
Metalworking Fluids
Hydraulic Oil
Greases
Others

Market by Geography

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France
Italy
Rest of Europe

Asia-Pacific

China
India
Japan
Indonesia
Rest of Asia-Pacific

LAMEA

Brazil
Turkey
South Africa
Rest of LAMEA

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