Global Process Oil Market Key Trends (2019-2026)_ By Type, Application, and Geography
The global process oil market based on type has been segmented into paraffinic, aromatic, naphthenic and non-carcinogenic. The non-carcinogenic segment is expected to be one of the major contributors for the market during the forecast period. Non-carcinogenic process oils helps to improve abrasion resistance and rolling resistance of tires. Non-carcinogenic process oils are widely used by tire manufacturers for the manufacturing of Styrene-Butadiene Rubber (SBR). The market based on application has been segmented into tire & rubber, personal care, polymer, textile and others.The tire & rubber segment is expected to hold one of the largest shares of the market during the forecast period. This is due to the increasing demand for manufacturing tires and rubbers for automobiles from emerging economies, such as China and India.
Global Process Oil Market is expected to reach USD XX Billion by 2026 from USD XX Billion in 2018 at a CAGR of 3.7%.
Global Process Oil Market Key Trends, by Type:
Global Process Oil Market Key Trends, by Application:
• Tire & Rubber
• Personal Care
Global Process Oil Market Key Trends, by Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Global Process Oil Market : Industry Analysis and Forecast 2026
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