Specialties of Lube Oil Refinery Market – Global Industry Analysis and Forecast (2023-2029)


Specialties of Lube Oil Refinery Market was valued at US$ 11.33 Bn. in 2022 and is expected to reach US$ 13.53 Bn. by 2029 at a CAGR of 2.57% over the forecast period 2023-2029.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Specialties of Lube Oil Refinery MarketTo know about the Research Methodology:-Request Free Sample Report

Specialties of Lube Oil Refinery Market Dynamics

Lube oil is used to alleviate the friction between mechanical components that are constantly in contact with each other. It is prominently used in motorized vehicles to lubricate the engine. Increasing demand for synthetic and bio-based waxes is the major challenge of the global specialties of the lube oil refinery market. Growing demand from applications such as candle manufacturing, rubber processing, growing population, changing lifestyle, and increasing per-capita income is also driving the specialties of the lube oil refinery market.

But, the shrinking supply of paraffin wax is majorly restraining the growth of the specialties of the lube oil refinery market globally. The demand side of specialties of lube oil refinery market is characterized by the developments in the cosmetics, packaging, rubber manufacturing, candle manufacturing, and pharmaceutical industries. The supply side is categorized by market consolidation activities undertaken by specialties of lube oil refinery producers.

Specialties of Lube Oil Refinery Market Segment Analysis

by Type, the fully refined wax segment will dominate the global specialties of the lube oil refinery market during the forecast period. The growing demand for fully refined wax is because of its high purity levels and good moisturizing property. They promotes many applications, for instance, cosmetics, skincare, and food packaging. Fully refined wax is used in products such as cold creams, lipsticks, oily papers, ointments, laxatives, chocolates, and chewing gums. Candle manufacturing is another main application of fully refined wax.

Specialties of Lube Oil Refinery Market Regional Insights

Region-wise, the Asia Pacific specialties of the lube oil refinery market is expected to register the highest CAGR, in terms of value, over the forecast period. The specialties APAC specialties of the lube oil refinery market has observed a sluggish growth, owing to the slow growth in North America and Europe. This created huge opportunities for the consumption of specialties of the lube oil refinery in the Asia Pacific. Change in lifestyle and purchasing power parity of the consumers in the APAC region is also driving the use of specialties of a lube oil refinery in the cosmetics, pharmaceutical, and packaging industries.

Specialties of Lube Oil Refinery Market, Key Highlights:

• Global Specialties of Lube Oil Refinery Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Specialties of Lube Oil Refinery Market

• Global Specialties of Lube Oil Refinery Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Specialties of Lube Oil Refinery Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Specialties of Lube Oil Refinery Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Specialties of Lube Oil Refinery Market are also profiled.

Specialties of Lube Oil Refinery Market Scope: Inquire before buying






Specialties of Lube Oil Refinery Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2017 to 2022
Market Size in 2022:
US $ 11.33 Bn.




Forecast Period 2023 to 2029 CAGR:
2.57%
Market Size in 2029:
US $ 13.53 Bn.




 Segments Covered:
by Type
• Fully Refined Wax
• White Oil
• Rubber Process Oil
• Slack wax
• Semi Refined Wax
• Petrolatum
• Microcrystalline Wax
• Others




by Oil
• Group I Base Oil
• Group II Base Oil
• Group III Base Oil




by End-User
• Automotive
• Pharmaceutical
• Textile
• Cosmetic
• Food and Beverages
• Packaging






Specialties of Lube Oil Refinery 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 (Brazil, Argentina Rest of South America)

Specialties of Lube Oil Refinery Market, Key Players are:

• Exxon Mobil Corporation
• Sinopec Corporation
• Royal Dutch Shell Plc
• Eni S.P.A.
• Sasol Ltd.
• Total SA
• Petrochina Company Limited
• Chevron Corporation
• Repsol SA
• LUKOIL
• Petroliam Nasional Berhad (Petronas)
• Grupa Lotos SA
• Nippon Seiro Co., Ltd.
• Hollyfrontier Corporation
• Nynas AB
• Petrobras SA
• The International Group, Inc.
• Indian Oil Corporation Limited
• Honeywell International, Inc.
• Cepsa SA
• Dongnam Petroleum Co., Ltd.
• Moresco Corporation
• Apar Industries Ltd.
• Gandhar Oil Refinery (India) Limited
• Paraffinwaxco, Inc.
• H&R Group

Frequently Asked Questions:

1. Which region has the largest share in Global Specialties of Lube Oil Refinery Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Specialties of Lube Oil Refinery Market?
Ans: The Global Specialties of Lube Oil Refinery Market is growing at a CAGR of 2.57% during forecasting period 2023-2029.

3. What is scope of the Global Specialties of Lube Oil Refinery Market report?
Ans: Global Specialties of Lube Oil Refinery Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Specialties of Lube Oil Refinery Market?
Ans: The important key players in the Global Specialties of Lube Oil Refinery Market are – Exxon Mobil Corporation, Sinopec Corporation, Royal Dutch Shell Plc, Eni S.P.A., Sasol Ltd., Total SA, Petrochina Company Limited, Chevron Corporation, Repsol SA, LUKOIL, Petroliam Nasional Berhad (Petronas), Grupa Lotos SA, Nippon Seiro Co., Ltd., Hollyfrontier Corporation, Nynas AB, Petrobras SA, The International Group, Inc., Indian Oil Corporation Limited, Honeywell International, Inc., and Cepsa SA

5. What is the study period of this Market?
Ans: The Global Specialties of Lube Oil Refinery Market is studied from 2022 to 2029. 





Global Specialties of Lube Oil Refinery Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Specialties of Lube Oil Refinery Market Size, by Market Value (US$ Bn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. Global Specialties of Lube Oil Refinery Market Analysis and Forecast
6.1. Global Specialties of Lube Oil Refinery Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Specialties of Lube Oil Refinery Market Analysis and Forecast, by Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Specialties of Lube Oil Refinery Market Value Share Analysis, by Type
7.4. Global Specialties of Lube Oil Refinery Market Size (US$ Bn) Forecast, by Type
7.5. Global Specialties of Lube Oil Refinery Market Analysis, by Type
7.6. Global Specialties of Lube Oil Refinery Market Attractiveness Analysis, by Type

8. Global Specialties of Lube Oil Refinery Market Analysis, by Region
8.1. Global Specialties of Lube Oil Refinery Market Value Share Analysis, by Region
8.2. Global Specialties of Lube Oil Refinery Market Size (US$ Bn) Forecast, by Region
8.3. Global Specialties of Lube Oil Refinery Market Attractiveness Analysis, by Region

9. North America Specialties of Lube Oil Refinery Market Analysis
9.1. Key Findings
9.2. North America Specialties of Lube Oil Refinery Market Overview
9.3. North America Specialties of Lube Oil Refinery Market Value Share Analysis, by Type
9.4. North America Specialties of Lube Oil Refinery Market Forecast, by Type
9.4.1. Fully Refined Wax
9.4.2. White Oil
9.4.3. Rubber Process Oil
9.4.4. Slack wax
9.4.5. Semi Refined Wax
9.4.6. Petrolatum
9.4.7. Microcrystalline Wax
9.4.8. Others

9.5. North America Specialties of Lube Oil Refinery Market Value Share Analysis, by Country
9.6. North America Specialties of Lube Oil Refinery Market Forecast, by Country
9.6.1. U.S.
9.6.2. Canada
9.7. North America Specialties of Lube Oil Refinery Market Analysis, by Country
9.8. U.S. Specialties of Lube Oil Refinery Market Forecast, by Type
9.8.1. Fully Refined Wax
9.8.2. White Oil
9.8.3. Rubber Process Oil
9.8.4. Slack wax
9.8.5. Semi Refined Wax
9.8.6. Petrolatum
9.8.7. Microcrystalline Wax
9.8.8. Others
9.9. Canada Specialties of Lube Oil Refinery Market Forecast, by Type
9.9.1. Fully Refined Wax
9.9.2. White Oil
9.9.3. Rubber Process Oil
9.9.4. Slack wax
9.9.5. Semi Refined Wax
9.9.6. Petrolatum
9.9.7. Microcrystalline Wax
9.9.8. Others

9.10. North America Specialties of Lube Oil Refinery Market Attractiveness Analysis
9.10.1. By Type
9.11. PEST Analysis
9.12. Key Trends
9.13. Key Developments

10. Europe Specialties of Lube Oil Refinery Market Analysis
10.1. Key Findings
10.2. Europe Specialties of Lube Oil Refinery Market Overview
10.3. Europe Specialties of Lube Oil Refinery Market Value Share Analysis, by Type
10.4. Europe Specialties of Lube Oil Refinery Market Forecast, by Type
10.4.1. Fully Refined Wax
10.4.2. White Oil
10.4.3. Rubber Process Oil
10.4.4. Slack wax
10.4.5. Semi Refined Wax
10.4.6. Petrolatum
10.4.7. Microcrystalline Wax
10.4.8. Others

10.5. Europe Specialties of Lube Oil Refinery Market Value Share Analysis, by Country
10.6. Europe Specialties of Lube Oil Refinery Market Forecast, by Country
10.6.1. Germany
10.6.2. U.K.
10.6.3. France
10.6.4. Italy
10.6.5. Spain
10.6.6. Rest of Europe
10.7. Europe Specialties of Lube Oil Refinery Market Analysis, by Country
10.8. Germany Specialties of Lube Oil Refinery Market Forecast, by Type
10.8.1. Fully Refined Wax
10.8.2. White Oil
10.8.3. Rubber Process Oil
10.8.4. Slack wax
10.8.5. Semi Refined Wax
10.8.6. Petrolatum
10.8.7. Microcrystalline Wax
10.8.8. Others

10.9. U.K. Specialties of Lube Oil Refinery Market Forecast, by Type
10.9.1. Fully Refined Wax
10.9.2. White Oil
10.9.3. Rubber Process Oil
10.9.4. Slack wax
10.9.5. Semi Refined Wax
10.9.6. Petrolatum
10.9.7. Microcrystalline Wax
10.9.8. Others

10.10. France Specialties of Lube Oil Refinery Market Forecast, by Type
10.10.1. Fully Refined Wax
10.10.2. White Oil
10.10.3. Rubber Process Oil
10.10.4. Slack wax
10.10.5. Semi Refined Wax
10.10.6. Petrolatum
10.10.7. Microcrystalline Wax
10.10.8. Others

10.11. Italy Specialties of Lube Oil Refinery Market Forecast, by Type
10.11.1. Fully Refined Wax
10.11.2. White Oil
10.11.3. Rubber Process Oil
10.11.4. Slack wax
10.11.5. Semi Refined Wax
10.11.6. Petrolatum
10.11.7. Microcrystalline Wax
10.11.8. Others

10.12. Spain Specialties of Lube Oil Refinery Market Forecast, by Type
10.12.1. Fully Refined Wax
10.12.2. White Oil
10.12.3. Rubber Process Oil
10.12.4. Slack wax
10.12.5. Semi Refined Wax
10.12.6. Petrolatum
10.12.7. Microcrystalline Wax
10.12.8. Others

10.13. Rest of Europe Specialties of Lube Oil Refinery Market Forecast, by Type
10.13.1. Fully Refined Wax
10.13.2. White Oil
10.13.3. Rubber Process Oil
10.13.4. Slack wax
10.13.5. Semi Refined Wax
10.13.6. Petrolatum
10.13.7. Microcrystalline Wax
10.13.8. Others

10.14. Europe Specialties of Lube Oil Refinery Market Attractiveness Analysis
10.14.1. By Type
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Asia Pacific Specialties of Lube Oil Refinery Market Analysis
11.1. Key Findings
11.2. Asia Pacific Specialties of Lube Oil Refinery Market Overview
11.3. Asia Pacific Specialties of Lube Oil Refinery Market Value Share Analysis, by Type
11.4. Asia Pacific Specialties of Lube Oil Refinery Market Forecast, by Type
11.4.1. Fully Refined Wax
11.4.2. White Oil
11.4.3. Rubber Process Oil
11.4.4. Slack wax
11.4.5. Semi Refined Wax
11.4.6. Petrolatum
11.4.7. Microcrystalline Wax
11.4.8. Others

11.5. Asia Pacific Specialties of Lube Oil Refinery Market Value Share Analysis, by Country
11.6. Asia Pacific Specialties of Lube Oil Refinery Market Forecast, by Country
11.6.1. China
11.6.2. India
11.6.3. Japan
11.6.4. ASEAN
11.6.5. Rest of Asia Pacific
11.7. Asia Pacific Specialties of Lube Oil Refinery Market Analysis, by Country
11.8. China Specialties of Lube Oil Refinery Market Forecast, by Type
11.8.1. Fully Refined Wax
11.8.2. White Oil
11.8.3. Rubber Process Oil
11.8.4. Slack wax
11.8.5. Semi Refined Wax
11.8.6. Petrolatum
11.8.7. Microcrystalline Wax
11.8.8. Others

11.9. India Specialties of Lube Oil Refinery Market Forecast, by Type
11.9.1. Fully Refined Wax
11.9.2. White Oil
11.9.3. Rubber Process Oil
11.9.4. Slack wax
11.9.5. Semi Refined Wax
11.9.6. Petrolatum
11.9.7. Microcrystalline Wax
11.9.8. Others

11.10. Japan Specialties of Lube Oil Refinery Market Forecast, by Type
11.10.1. Fully Refined Wax
11.10.2. White Oil
11.10.3. Rubber Process Oil
11.10.4. Slack wax
11.10.5. Semi Refined Wax
11.10.6. Petrolatum
11.10.7. Microcrystalline Wax
11.10.8. Others

11.11. ASEAN Specialties of Lube Oil Refinery Market Forecast, by Type
11.11.1. Fully Refined Wax
11.11.2. White Oil
11.11.3. Rubber Process Oil
11.11.4. Slack wax
11.11.5. Semi Refined Wax
11.11.6. Petrolatum
11.11.7. Microcrystalline Wax
11.11.8. Others

11.12. Rest of Asia Pacific Specialties of Lube Oil Refinery Market Forecast, by Type
11.12.1. Fully Refined Wax
11.12.2. White Oil
11.12.3. Rubber Process Oil
11.12.4. Slack wax
11.12.5. Semi Refined Wax
11.12.6. Petrolatum
11.12.7. Microcrystalline Wax
11.12.8. Others

11.13. Asia Pacific Specialties of Lube Oil Refinery Market Attractiveness Analysis
11.13.1. By Type
11.14. PEST Analysis
11.15. Key Trends
11.16. Key Developments

12. Middle East & Africa Specialties of Lube Oil Refinery Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Specialties of Lube Oil Refinery Market Overview
12.3. Middle East & Africa Specialties of Lube Oil Refinery Market Value Share Analysis, by Type
12.4. Middle East & Africa Specialties of Lube Oil Refinery Market Forecast, by Type
12.4.1. Fully Refined Wax
12.4.2. White Oil
12.4.3. Rubber Process Oil
12.4.4. Slack wax
12.4.5. Semi Refined Wax
12.4.6. Petrolatum
12.4.7. Microcrystalline Wax
12.4.8. Others

12.5. Middle East & Africa Specialties of Lube Oil Refinery Market Value Share Analysis, by Country
12.6. Middle East & Africa Specialties of Lube Oil Refinery Market Forecast, by Country
12.6.1. GCC
12.6.2. South Africa
12.6.3. Rest of Middle East & Africa
12.7. Middle East & Africa Specialties of Lube Oil Refinery Market Analysis, by Country
12.8. GCC Specialties of Lube Oil Refinery Market Forecast, by Type
12.8.1. Fully Refined Wax
12.8.2. White Oil
12.8.3. Rubber Process Oil
12.8.4. Slack wax
12.8.5. Semi Refined Wax
12.8.6. Petrolatum
12.8.7. Microcrystalline Wax
12.8.8. Others

12.9. South Africa Specialties of Lube Oil Refinery Market Forecast, by Type
12.9.1. Fully Refined Wax
12.9.2. White Oil
12.9.3. Rubber Process Oil
12.9.4. Slack wax
12.9.5. Semi Refined Wax
12.9.6. Petrolatum
12.9.7. Microcrystalline Wax
12.9.8. Others

12.10. Rest of Middle East & Africa Specialties of Lube Oil Refinery Market Forecast, by Type
12.10.1. Fully Refined Wax
12.10.2. White Oil
12.10.3. Rubber Process Oil
12.10.4. Slack wax
12.10.5. Semi Refined Wax
12.10.6. Petrolatum
12.10.7. Microcrystalline Wax
12.10.8. Others
12.11. Middle East & Africa Specialties of Lube Oil Refinery Market Attractiveness Analysis
12.11.1. By Type
12.12. PEST Analysis
12.13. Key Trends
12.14. Key Developments

13. South America Specialties of Lube Oil Refinery Market Analysis
13.1. Key Findings
13.2. South America Specialties of Lube Oil Refinery Market Overview
13.3. South America Specialties of Lube Oil Refinery Market Value Share Analysis, by Type
13.4. South America Specialties of Lube Oil Refinery Market Forecast, by Type
13.4.1. Fully Refined Wax
13.4.2. White Oil
13.4.3. Rubber Process Oil
13.4.4. Slack wax
13.4.5. Semi Refined Wax
13.4.6. Petrolatum
13.4.7. Microcrystalline Wax
13.4.8. Others

13.5. South America Specialties of Lube Oil Refinery Market Value Share Analysis, by Country
13.6. South America Specialties of Lube Oil Refinery Market Forecast, by Country
13.6.1. Brazil
13.6.2. Mexico
13.6.3. Rest of South America
13.7. South America Specialties of Lube Oil Refinery Market Analysis, by Country
13.8. Brazil Specialties of Lube Oil Refinery Market Forecast, by Type
13.8.1. Fully Refined Wax
13.8.2. White Oil
13.8.3. Rubber Process Oil
13.8.4. Slack wax
13.8.5. Semi Refined Wax
13.8.6. Petrolatum
13.8.7. Microcrystalline Wax
13.8.8. Others

13.9. Mexico Specialties of Lube Oil Refinery Market Forecast, by Type
13.9.1. Fully Refined Wax
13.9.2. White Oil
13.9.3. Rubber Process Oil
13.9.4. Slack wax
13.9.5. Semi Refined Wax
13.9.6. Petrolatum
13.9.7. Microcrystalline Wax
13.9.8. Others

13.10. Rest of South America Specialties of Lube Oil Refinery Market Forecast, by Type
13.10.1. Fully Refined Wax
13.10.2. White Oil
13.10.3. Rubber Process Oil
13.10.4. Slack wax
13.10.5. Semi Refined Wax
13.10.6. Petrolatum
13.10.7. Microcrystalline Wax
13.10.8. Others

13.11. South America Specialties of Lube Oil Refinery Market Attractiveness Analysis
13.11.1. By Type
13.12. PEST Analysis
13.13. Key Trends
13.14. Key Developments

14. Company Profiles
14.1. Market Share Analysis, by Company
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
14.2.2. Market Consolidation
14.2.2.1. M&A by Regions, Investment and Applications
14.2.2.2. M&A Key Players, Forward Integration and Backward
Integration
14.3. Company Profiles: Key Players
14.3.1. Exxon Mobil Corporation
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Business Strategy
14.3.1.5. Recent Developments
14.3.1.6. Manufacturing Footprint
14.3.2. Sinopec Corporation
14.3.3. Royal Dutch Shell Plc
14.3.4. Eni S.P.A.
14.3.5. Sasol Ltd.
14.3.6. Total SA
14.3.7. Petrochina Company Limited
14.3.8. Chevron Corporation
14.3.9. Repsol SA
14.3.10. LUKOIL
14.3.11. Petroliam Nasional Berhad (Petronas)
14.3.12. Grupa Lotos SA
14.3.13. Nippon Seiro Co., Ltd.
14.3.14. Hollyfrontier Corporation
14.3.15. Nynas AB
14.3.16. Petrobras SA
14.3.17. The International Group, Inc.
14.3.18. Indian Oil Corporation Limited
14.3.19. Honeywell International, Inc.
14.3.20. Cepsa SA
14.3.21. Dongnam Petroleum Co., Ltd.
14.3.22. Moresco Corporation
14.3.23. Apar Industries Ltd.
14.3.24. Gandhar Oil Refinery (India) Limited
14.3.25. Paraffinwaxco, Inc.
14.3.26. H&R Group

15. Primary Key Insights
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