- In July 2021, for heavy-duty and off-highway diesel engines, Valvoline Inc. has introduced a new diesel engine oil called "Valvoline All-Terrain." The product can provide improved viscosity, wear protection, and oxidation stability in demanding situations because it was created for use in hard working environments like construction, mining, and agricultural.
- In April 2021, IMM Private Equity agreed to purchase SK Innovation's 40% share in SK Lubricants for around one trillion won ($900 million). The largest provider of lubrication base oils in the world is SK Lubricants, a South Korean corporation. With this agreement, SK Innovation intends to increase its financial stability and finance future ventures. Private equity company IMM Private Equity is based in South Korea.
Frequently Asked Questions
The market is segmented based on Global Specialties of Lube Oil Refinery Market Segmentation, By Type (Fully Refined Wax, White Oil, Rubber Process Oil, Slack Wax, Semi Refined Wax, Petrolatum, Microcrystalline Wax, Others), Oil (Group I Base Oil, Group II Base Oil, Group III Base Oil), End-User (Automotive, Pharmaceutical, Textile, Cosmetic, Food and Beverages, Packaging) – Industry Trends and Forecast to 2032.
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The Global Specialties Of Lube Oil Refinery Market size was valued at USD 10.27 USD Billion in 2024.
The Global Specialties Of Lube Oil Refinery Market is projected to grow at a CAGR of 2.8% during the forecast period of 2025 to 2032.
The major players operating in the market include Exxon Mobil Corporation , Shell , Total S.A , Cargill Incorporated , Nye LubricantsInc. , BP plc , Emery Oleochemicals , FUCHS , Panolin AG , Kluber , and Clariant , Polnox Corp , RSC Bio Solutions Quaker Chemical Corporation , Castrol Limited , TotalEnergies and BioBlend Renewable ResourcesLLC .
The market report covers data from the 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.
