Process Oil Market – Global Industry Analysis and Forecast (2024-2030)


The Process Oil Market size was valued at USD 5.61 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 3.7% through 2024 to 2030, reaching nearly USD 7.23 Bn.

Process Oil Market Overview:

The Global Process Oil market was valued at USD 5.61 Bn. in 2023, and it is expected to reach USD 7.23 Bn. by 2030 with a CAGR of 3.7% during the forecast period. Process oil are specialized mineral oil products used in the chemical and technical industries to manufacture products. They can be used as an ingredient in a finished product or as a processing aid for a raw material or finished product.

Process Oil Market Dynamics:

Surging usage of process oil from the health and wellness industry and for premium skincare products. The growing demand for personal care products, especially from developing countries, drives the process oil market. Process oils in various applications ranging from adhesives, sealants and coatings, automobile, agriculture, oil & gas, construction, textiles, household products, and others will further augment the growth of the process oil market. These are the key major factor that drives the growth of the global process oil market during the forecast period 2023-2030.
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Process Oil Market Segment Analysis:

The Global Process Oil Market is segmented by Function and Applications.

Based on the Type, the market is segmented into Paraffinic, Aromatic, Naphthenic, and Non-carcinogenic. Non-carcinogenic segment is expected to hold the largest market share of xx% by 2030. Non-carcinogenic process oils help 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). These are the key benefits that drives the growth of this segment in the global market during the forecast period.

Based on the Applications, the market is segmented into Tire & Rubber, Personal Care, Polymer, Textile, and Others. Tire & Rubber Industries segment is expected to grow rapidly at a CAGR of xx% during the forecast period. This is attributed to the increasing demand for manufacturing tires and rubbers for automobiles from emerging economies, such as China and India. This is the key factor that drives the growth of the Tire & Rubber Industries segment in the global market during the forecast period.

Process Oil Market Regional Insights:

Asia Pacific dominates the global Process Oil market during the forecast period 2023-2030. Asia Pacific is expected to hold the largest market shares of xx% by 2030. This is due to the growth of the tire and rubber industries in China and India has resulted in the high consumption of process oils in these countries in recent years. This is the key factor that drives the growth of the Asia Pacific region in the global market during the forecast period 2023-2030.

North America is expected to grow rapidly at a CAGR of xx% during the forecast period. An increasing demand for process oil in tire and rubber industries, polymer, and textile industries in the region is the major factor that drives the growth of the North America region in the global market during the forecast period 2023-2030.

The objective of the report is to present a comprehensive analysis of the Global Process Oil Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The reports also help in understanding the Global Process Oil Market dynamic, and structure by analyzing the market segments and projecting the Global Process Oil Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Process Oil Market make the report an investor’s guide.

Process Oil Industry EcosystemProcess Oil Industry Ecosystem 


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Global Process Oil Market




Report Coverage
Details




Base Year:
2023
Forecast Period:
2024-2030




Historical Data:
2018 to 2023
Market Size in 2023:
USD 5.61 Bn.




Forecast Period 2024 to 2030 CAGR:
3.7%
Market Size in 2030:
USD 7.23 Bn.




 Segments Covered:
by Type
Paraffinic
Aromatic
Napthenic
Non-Cargogenic




By Function
Solvent
Extender Oil
Plasticizer
Others




By Application
Tire and Rubber
Personal Care
Polymer
Textile
Others






Process Oil Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)

Process Oil Market Key Players are:

1 Royal Dutch Shell plc. (Netherlands)
2 Petronas Lubricants Belgium NV (Belgium)
3 Chevron Corporation (U.S.)
4 Nynas AB (Sweden)
5 Repsol S.A. (Spain)
6 ORGKHIM Biochemical Holding (Russia)
7 Avista Oil AG (Germany)
8 OAO Lukoil (Russia)
9 Hindustan Petroleum Corporation Limited (India)
10 Idemitsu Kosan Co., Ltd. (Japan)
11 Unipetrol Group (Czech Republic)
12 Panama Petrochem Ltd (India)
13 Nynas AB (Sweden)
14 H&R Group (Germany)
15 Apar Industries (India)
16 Gandhar Oil Refinery Limited (India)
17 Hollyfrontier Refining & Marketing LLC (US).
18 Total S.A.
19 Lubline
20 Avista Oil AG

Frequently Asked Questions:

1] What segments are covered in the Market report? 
Ans. The segments covered in the Process Oil Market report are based on Type and Applications.

2] Which region is expected to hold the highest share in the Market? 
Ans. Asia Pacific is expected to hold the highest share in the Global Process Oil Market.

3] Which segment will hold the largest market share in the market by 2030?
Ans. Non-carcinogenic segment hold the largest market share in the Global Process Oil market by 2030.

4] What is the market size of the market by 2030? 
Ans. The market size of the Global Process Oil market is USD 9.8 Bn. by 2030.

5] What was the market size of the market in 2023?
Ans. The market size of the Global Process Oil market was worth USD 6.1 Bn. in 2023. 




1. Process Oil Market Introduction
1.1. Study Assumption and Market Definition
1.2. Scope of the Study
1.3. Executive Summary

2. Global Process Oil Market: Competitive Landscape
2.1. MMR Competition Matrix
2.2. Competitive Landscape
2.3. Market share analysis of major players
2.4. Products specific analysis
2.5. Key Players Benchmarking
2.5.1. Company Name
2.5.2. Product Segment
2.5.3. End-user Segment
2.5.4. Revenue (2023)
2.6. Market Structure
2.6.1. Market Leaders
2.6.2. Market Followers
2.6.3. Emerging Players
2.7. Consolidation of the Market
2.7.1. Strategic Initiatives and Developments
2.7.2. Mergers and Acquisitions
2.7.3. Collaborations and Partnerships
2.7.4. Product Launches and Innovations

3. Patent Analysis:
3.1.1. Top 10 Patent Holders
3.1.2. Top 10 Companies with Highest Number of Patents
3.1.3. Patent Registration Analysis
3.1.4. Number of Patents Granted Still 2024

4. Industry Ecosystem Analysis

5. Global Process Oil Market: Dynamics
5.1. Process Oil Market Trends
5.2. Process Oil Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.2.4. Challenges

6. Value and Supply Chain Analysis

7. Pricing Analysis
7.1. Average price of process oil, by Region
7.2. Average price of process oil, by Function

8. Regulatory Landscape
8.1. Regulation by Region
8.2. Tariff and Taxes
8.3. Regulatory Bodies, Government agencies, and other organization by Region

9. Trade Data Analysis:
9.1. Import/ Export of process oil
9.1.1. Import Data on process oil
9.1.2. Export Data on process oil

10. Global Process Oil Market Size and Forecast by Segments (by Value USD Billion)
10.1. Global Process Oil Market Size and Forecast, by Type (2023-2030)
10.1.1. Paraffinic
10.1.2. Aromatic
10.1.3. Napthenic
10.1.4. Non-Carcinogenic
10.2. Global Process Oil market Size and Forecast, by Function (2023-2030)
10.2.1. Solvent
10.2.2. Extender Oil
10.2.3. Plasticizer
10.2.4. Others
10.3. Global Process Oil market Size and Forecast, by Application (2023-2030)
10.3.1. Tire and Rubber
10.3.2. Personal Care
10.3.3. Polymer
10.3.4. Textile
10.3.5. Others
10.4. Global Process Oil market Size and Forecast, by Region (2023-2030)
10.4.1. North America
10.4.2. Europe
10.4.3. Asia Pacific
10.4.4. Middle East and Africa
10.4.5. South America

11. North America Global Process Oil market Size and Forecast (by Value USD Billion)
11.1. North America Global Process Oil market Size and Forecast, by Type (2023-2030)
11.1.1. Paraffinic
11.1.2. Aromatic
11.1.3. Napthenic
11.1.4. Non- Carcinogenic
11.2. North America Global Process Oil market Size and Forecast, by Function (2023-2030)
11.2.1. Solvent
11.2.2. Extender Oil
11.2.3. Plasticizer
11.2.4. Others
11.3. North America Global Process Oil market Size and Forecast, by Application (2023-2030)
11.3.1. Tire and Rubber
11.3.2. Personal Care
11.3.3. Polymer
11.3.4. Textile
11.3.5. Others
11.4. North America Global Process Oil market Size and Forecast, by Country (2023-2030)
11.4.1. United States
11.4.1.1. United States Global Process Oil Market Size and Forecast, by Type (2023-2030)
11.4.1.1.1. Paraffinic
11.4.1.1.2. Aromatic
11.4.1.1.3. Napthenic
11.4.1.1.4. Non- Carcinogenic
11.4.1.2. United States Global Process Oil market Size and Forecast, by Function (2023-2030)
11.4.1.2.1. Solvent
11.4.1.2.2. Extender Oil
11.4.1.2.3. Plasticizer
11.4.1.2.4. Others
11.4.2. United States Global Process Oil market Size and Forecast, by Application (2023-2030)
11.4.2.1.1. Tire and Rubber
11.4.2.1.2. Personal Care
11.4.2.1.3. Polymer
11.4.2.1.4. Textile
11.4.2.1.5. Others
11.4.3. Canada
11.4.3.1. Canada Global Process Oil Market Size and Forecast, by Type (2023-2030)
11.4.3.1.1. Paraffinic
11.4.3.1.2. Aromatic
11.4.3.1.3. Napthenic
11.4.3.1.4. Non- Carcinogenic
11.4.3.2. Canada Global Process Oil market Size and Forecast, by Function (2023-2030)
11.4.3.2.1. Solvent
11.4.3.2.2. Extender Oil
11.4.3.2.3. Plasticizer
11.4.3.2.4. Others
11.4.3.3. Canada Global Process Oil market Size and Forecast, by Application (2023-2030)
11.4.3.3.1. Tire and Rubber
11.4.3.3.2. Personal Care
11.4.3.3.3. Polymer
11.4.3.3.4. Textile
11.4.3.3.5. Others
11.4.4. Mexico
11.4.4.1. Mexico Global Process Oil Market Size and Forecast, by Type (2023-2030)
11.4.4.1.1. Paraffinic
11.4.4.1.2. Aromatic
11.4.4.1.3. Napthenic
11.4.4.1.4. Non- Carcinogenic
11.4.4.2. Mexico Global Process Oil market Size and Forecast, by Function (2023-2030)
11.4.4.2.1. Solvent
11.4.4.2.2. Extender Oil
11.4.4.2.3. Plasticizer
11.4.4.2.4. Others
11.4.4.3. Mexico Global Process Oil market Size and Forecast, by Application (2023-2030)
11.4.4.3.1. Tire and Rubber
11.4.4.3.2. Personal Care
11.4.4.3.3. Polymer
11.4.4.3.4. Textile
11.4.4.3.5. Others

12. Europe Process Oil Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
12.1. Europe Process Oil Market Size and Forecast, by Type(2023-2030)
12.2. Europe Process Oil Market Size and Forecast, by Function (2023-2030)
12.3. Europe Process Oil Market Size and Forecast, by Application (2023-2030)
12.4. Europe Process Oil Market Size and Forecast, by Country (2023-2030)
12.4.1. United Kingdom
12.4.1.1. United Kingdom Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.1.2. United Kingdom Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.1.3. United Kingdom Process Oil Market Size and Forecast, by Application (2023-2030)
12.4.2. France
12.4.2.1. France Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.2.2. France Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.2.3. France Process Oil Market Size and Forecast, by Application (2023-2030)
12.4.3. Germany
12.4.3.1. Germany Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.3.2. Germany Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.3.3. Germany Process Oil Market Size and Forecast, by Application (2023-2030)
12.4.4. Italy
12.4.4.1. Italy Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.4.2. Italy Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.4.3. Italy Process Oil Market Size and Forecast, by Application (2023-2030)
12.4.5. Spain
12.4.5.1. Spain Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.5.2. Spain Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.5.3. Spain Process Oil Market Size and Forecast, by Application (2023-2030)
12.4.6. Sweden
12.4.6.1. Sweden Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.6.2. Sweden Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.6.3. Sweden Process Oil Market Size and Forecast, by Application (2023-2030)
12.4.7. Austria
12.4.7.1. Austria Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.7.2. Austria Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.7.3. Austria Process Oil Market Size and Forecast, by Application (2023-2030)
12.4.8. Rest of Europe
12.4.8.1. Rest of Europe Process Oil Market Size and Forecast, by Type(2023-2030)
12.4.8.2. Rest of Europe Process Oil Market Size and Forecast, by Function (2023-2030)
12.4.8.3. Rest of Europe Process Oil Market Size and Forecast, by Application (2023-2030)

13. Asia Pacific Process Oil Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
13.1. Asia Pacific Process Oil Market Size and Forecast, by Type(2023-2030)
13.2. Asia Pacific Process Oil Market Size and Forecast, by Function (2023-2030)
13.3. Asia Pacific Process Oil Market Size and Forecast, by Application (2023-2030)
13.4. Asia Pacific Process Oil Market Size and Forecast, by Country (2023-2030)
13.4.1. China
13.4.1.1. China Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.1.2. China Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.1.3. China Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.2. S Korea
13.4.2.1. S Korea Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.2.2. S Korea Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.2.3. S Korea Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.3. Japan
13.4.3.1. Japan Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.3.2. Japan Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.3.3. Japan Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.4. India
13.4.4.1. India Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.4.2. India Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.4.3. India Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.5. Australia
13.4.5.1. Australia Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.5.2. Australia Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.5.3. Australia Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.6. Indonesia
13.4.6.1. Indonesia Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.6.2. Indonesia Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.6.3. Indonesia Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.7. Malaysia
13.4.7.1. Malaysia Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.7.2. Malaysia Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.7.3. Malaysia Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.8. Vietnam
13.4.8.1. Vietnam Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.8.2. Vietnam Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.8.3. Vietnam Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.9. Taiwan
13.4.9.1. Taiwan Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.9.2. Taiwan Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.9.3. Taiwan Process Oil Market Size and Forecast, by Application (2023-2030)
13.4.10. Rest of Asia Pacific
13.4.10.1. Rest of Asia Pacific Process Oil Market Size and Forecast, by Type(2023-2030)
13.4.10.2. Rest of Asia Pacific Process Oil Market Size and Forecast, by Function (2023-2030)
13.4.10.3. Rest of Asia Pacific Process Oil Market Size and Forecast, by Application (2023-2030)

14. South America Process Oil Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
14.1. South America Process Oil Market Size and Forecast, by Type (2023-2030)
14.2. South America Process Oil Market Size and Forecast, by Function (2023-2030)
14.3. South America Process Oil Market Size and Forecast, by Application (2023-2030)
14.4. South America Process Oil Market Size and Forecast, by Country (2023-2030)
14.4.1. Brazil
14.4.1.1. Brazil Process Oil Market Size and Forecast, by Type(2023-2030)
14.4.1.2. Brazil Process Oil Market Size and Forecast, by Function (2023-2030)
14.4.1.3. Brazil Process Oil Market Size and Forecast, by Application (2023-2030)
14.4.2. Argentina
14.4.2.1. Argentina Process Oil Market Size and Forecast, by Type(2023-2030)
14.4.2.2. Argentina Process Oil Market Size and Forecast, by Function (2023-2030)
14.4.2.3. Argentina Process Oil Market Size and Forecast, by Application (2023-2030)
14.4.3. Rest Of South America
14.4.3.1. Rest of South America Process Oil Market Size and Forecast, by Type(2023-2030)
14.4.3.2. Rest of South America Process Oil Market Size and Forecast, by Function (2023-2030)
14.4.3.3. Rest of South America Process Oil Market Size and Forecast, by Application (2023-2030)

15. Company Profile: Key players
15.1. Royal Dutch Shell plc. (Netherlands)
15.1.1. Financial Overview
15.1.2. Business Portfolio
15.1.3. SWOT Analysis
15.1.4. Business Strategy
15.1.5. Recent Developments
15.2. Royal Dutch Shell plc. (Netherlands)
15.3. Petronas Lubricants Belgium NV (Belgium)
15.4. Chevron Corporation (U.S.)
15.5. Nynas AB (Sweden)
15.6. Repsol S.A. (Spain)
15.7. ORGKHIM Biochemical Holding (Russia)
15.8. Avista Oil AG (Germany)
15.9. OAO Lukoil (Russia)
15.10. Hindustan Petroleum Corporation Limited (India)
15.11. Idemitsu Kosan Co., Ltd. (Japan)
15.12. Unipetrol Group (Czech Republic)
15.13. Panama Petrochem Ltd (India)
15.14. Nynas AB (Sweden)
15.15. H&R Group (Germany)
15.16. Apar Industries (India)
15.17. Gandhar Oil Refinery Limited (India)
15.18. Hollyfrontier Refining & Marketing LLC (US).
15.19. Total S.A.
15.20. Lubline
15.21. Avista Oil AG
15.22. Others

16. Key Findings

17. Industry Recommendations

18. Global Process Oil Market: Research Methodology
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