Naphthenic Base Oil Market, By Type (35-60 SUS, 80-130 SUS, 200-300 SUS, 400-800 SUS, Above 1200 SUS), Application (Metal working, Process Oil, Electrical Oil, Industrial Lubes & Grease, Rubber Oil, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Naphthenic base oil market will grow at a rate of 5.45% for the forecast period of 2021 to 2028. Increase in the adoption of hybrid and electric vehicle acts as a vital factor driving the growth of naphthenic base oil market.
Naphthenic base oil is the type of oil which is processed from sweet crude oil distillates. This oil usually has low paraffin content and less aromatic content. These features enable a low point of pour on lighter viscosities and a high degree of solvency where stronger viscosities are needed. They have high solvency power due to which they respond well to antioxidants. They are widely used in application such as rubber oil, metal working, electrical oil, industrial lubes and grease and others.
Rise in the R&D initiative by various government is the vital factor escalating the market growth, also rise in the demand for high solvency products in several end-use industries such as automotive and metal working and significant investments in the energy and power industry by several governments are the major factors among others driving the naphthenic base oil market. Moreover, rise in the demand from emerging economies and increase in the technological advancements and modernization in the production techniques will further create new opportunities for the naphthenic base oil market in the forecast period of 2021- 2028.
However, availability of cheaper substitutes in the market is the major factor among others acting as a restraint, and will further challenge the growth of naphthenic base oil market in the forecast period mentioned above.
This naphthenic base oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on naphthenic base oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Naphthenic Base Oil Market Scope and Market Size
Naphthenic base oil market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the naphthenic base oil market is segmented into 35-60 SUS, 80-130 SUS, 200-300 SUS, 400-800 SUS and above 1200 SUS.
- The naphthenic base oil market is also segmented on the basis of application into metal working, process oil, electrical oil, industrial lubes & grease, rubber oil and others.
Naphthenic Base Oil Market Country Level Analysis
Naphthenic base oil market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the naphthenic base oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the naphthenic base oil market due to rise in the demand for high solvency products in several end-use industries such as automotive and metal working and significant investments in the energy and power industry by several governments in this region.
The country section of the naphthenic base oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Naphthenic Base Oil Market Share Analysis
Naphthenic base oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to naphthenic base oil market.
The major players covered in the naphthenic base oil market report are Nynas, Royal Dutch Shell, Calumet Specialty Products Partners, L.P., Ergon, Inc., Kowa India Pvt.Ltd, Eastern Petroleum, Petrobras, Lubricon Industries, Rahaoil, Inc, Indo Petro Chemical, Synforce Lubricants., NORTEDA., BENZOIL, ZAHARA GROUP, Petro-Canada Lubricants LLC, Exxon Mobil Corporation, Novitas, TULSTAR PRODUCTS INC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.