DUBLIN, March 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/977vdv/base_oil_market) has announced the addition of the "Base Oil Market - Global Trends & Forecasts to 2020" report to their offering.
The global base oil market is projected to reach $41.68 Billion by 2020, at a CAGR of 0.95% from 2015 to 2020. Factors such as growth of various end user industries, along with increase in the demand for finished lubricants from various industries, are expected to drive this market during the forecast period, 2015 to 2020.
Among types, the Group I segment is projected to lead the global base oil market by 2020. The major reason behind the extensive use of Group I across industries is its simpler refining process and cost competitiveness among all types of base oil.
The Group IV segment of the global base oil market is projected to grow at the highest CAGR during the forecast period. The usage of Group IV base oils has been growing in various industrial and automotive applications as they offer excellent performance when combined with additives.
The automotive oil application segment is projected to lead the global base oil market till 2020 and is projected to grow at the highest CAGR between 2015 and 2020. Increase in the demand for finished lubricant products in the automotive industry is expected to contribute towards the growth of this segment.
In terms of value, Asia-Pacific is projected to lead the global base oil market till 2020. In terms of volume, the base oil market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period, 2015 to 2020. The rising population, increasing income levels, coupled with strong growth in emerging nations such as India and China, are the major factors fueling the growth of the Asia-Pacific base oil market during the forecast period.
This report covers following key aspects:
- What will be the market size by 2020 and what will be the growth rate
- What are the key market trends
- What is driving the global base oil market
- What are the challenges that impact growth of the global base oil market
- Who are the key players in the global base oil market
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Base Oil Market, By Type
8 Global Base Oil Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
- Avista Oil Ag
- Calumet Specialty Products Partners Lp
- Chevron Corporation
- Ergon Inc.
- Evonik Industries
- Exxon Mobil Corporation
- H&R Ölwerke Schindler Gmbh
- Lotos Oil Sp. Z O.O.
- Neste Oil
- Nynas Ab
- Royal Dutch Shell Plc
- Total S.A.
For more information visit http://www.researchandmarkets.com/research/977vdv/base_oil_market
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets