- The process oil market is witnessing steady growth supported by consistent demand across industrial manufacturing and rubber compounding applications
- Manufacturers are focusing on enhancing formulation quality and compatibility to cater to diverse end-use sectors
- Asia Pacific dominated the process oil market with the largest revenue share in 2024, driven by robust growth in industrial manufacturing, automotive production, and rubber processing sectors across major economies
- Europe region is expected to witness the highest growth rate in the global process oil market, driven by increasing regulatory pressure to adopt safer, non-carcinogenic formulations and rising demand for sustainable industrial solutions across key sectors
- The naphthenic segment held the largest market revenue share in 2024, supported by its excellent low-temperature properties and superior solvency, making it ideal for a wide range of industrial applications. Naphthenic process oils are widely used in rubber processing and polymer production due to their compatibility and performance advantages in dynamic conditions
