Global Rubber Process Oil Market Report 2018 - Forecast to 2023 Featuring Royal Dutch Shell, Chevron, Petronas Lubricants, Nynas, ORGKHIM Biochemical, Repsol, and Hindustan Petroleum

DUBLIN, Oct 10, 2018 /PRNewswire/ --

The "Rubber Process Oil Market by Type (Naphthenic, Paraffinic, Treated Distillate Aromatic Extract, DAE, MES, RAE and TRAE), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The rubber process oil market is projected to grow from USD 1.91 billion in 2018 to USD 2.33 billion by 2023, at a CAGR of 4.1 %, from 2018 to 2023.

The growth of the rubber process oil market can be attributed to the increased consumption of rubber process oils in the manufacturing of tires. The growing number of automobiles across the globe has contributed to the increasing demand for tires, thereby leading to the growth of the rubber process oil market.

The rubber process oil can be classified into Naphthenic, TDAE, Paraffinic, MES, DAE, and RAE & TRAE. The TDAE segment is projected to grow at the highest CAGR, in terms of value, between 2018 and 2023. The formulation and implementation of regulations banning the use of DAE in the European region have led to an increase in the consumption of TDAE in the region.

Asia Pacific is the leading market of rubber process oils, followed by North America and European regions. The growth of the Asia Pacific rubber process oil market can be attributed to increase in the sales of automobiles in the region that is expected to boost the consumption of rubber process oils in the tire and rubber market of the region. Various leading players have adopted the strategies of expansions, new product launches, and agreements, to meet the growing demand for rubber process oil.

The formulation and issuance of several regulatory guidelines by different governing bodies across the globe to encourage the manufacturing of environmentally-friendly products are expected to hamper the growth of the rubber process oil market, globally. In terms of value, the Asia Pacific region is estimated to account for the largest share of the rubber process oil market in 2018.

The growth of the Asia Pacific rubber process oil market can be attributed to increase in the sales of automobiles in the region that is expected to boost the consumption of rubber process oils in the tire and rubber market of the region. The US and China are the largest consumers of rubber process oils, globally. Most of the tire manufacturing companies prefer local suppliers of rubber process oils to ensure their smooth and uninterrupted supply.

Royal Dutch Shell plc (Netherlands), Chevron Corporation (US), Petronas Lubricants Belgium NV (Belgium), Nynas AB (Sweden), ORGKHIM Biochemical Holding (Russia), Repsol S.A. (Spain), and Hindustan Petroleum Corporation Limited (India) are among the leading players operating in the rubber process oil market.

These companies have adopted various strategies, such as expansions, new product launches, and agreements to meet the growing demand for rubber process oil as well as increase their market presence.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Rubber Process Oil Market
4.2 Rubber Process Oil Market, By Type
4.3 Rubber Process Oil Market, By Region

5 Market Overview
5.1 Introduction
5.2 Regulations
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Tire Manufacturing Industry Across the Globe
5.3.1.2 Increasing Demand and Consumption of Rubber Process Oils in the Asia Pacific Region
5.3.1.3 Growing Use of Solution Styrene-Butadiene Rubber (S-Sbr) in Tires of Automobiles
5.3.2 Restraints
5.3.2.1 Formulation and Implementation of the European Union Directive Banning the Use of Polycyclic Aromatic Hydrocarbons in the Tire Manufacturing
5.3.2.2 Increased Use of Soybean Oil as an Alternative for Rubber Process Oil in Tire Manufacturing
5.3.3 Opportunities
5.3.3.1 Growing Demand for Low Viscosity Oils for Use in Vehicles
5.3.3.2 Increasing Demand for Green Rubber Process Oils Across the Globe
5.3.4 Challenges
5.3.4.1 Fluctuating Prices of Crude Oil
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Buyers
5.4.3 Threat of Substitutes
5.4.4 Threat of New Entrants
5.4.5 Intensity of Competitive Rivalry

6 Rubber Process Oil Market, By Type
6.1 Introduction
6.2 Treated Distillate Aromatic Extracted (TDAE)
6.3 Distillate Aromatic Extract
6.4 Mild Extracted Solvate
6.5 Residual Aromatic Extract (Rae) and Treated Residual Aromatic Extract (TRAE)
6.6 Paraffinic Rubber Process Oil
6.7 Naphthenic Rubber Process Oil

7 Rubber Process Oil Market, By Region

8 Competitive Landscape
8.1 Overview
8.2 Market Ranking of Key Players
8.3 Competitive Scenario
8.3.1 Expansions
8.3.2 New Product Launches
8.3.3 Agreements

9 Company Profiles
9.1 Nynas Ab
9.2 Apar Industries Limited
9.3 Panama Petrochem Ltd.
9.4 Hollyfrontier Refining & Marketing LLC
9.5 Behran Oil Company
9.6 Gandhar Oil Refinery (India) Limited
9.7 Hindustan Petroleum Corporation Limited (HPCL)
9.8 Total S.A.
9.9 Indian Oil Corporation Limited
9.10 Unipetrol Group
9.11 Idemitsu Kosan Co., Ltd.
9.12 Repsol S.A.
9.13 Orgkhim Biochemical Holding
9.14 Other Key Players
9.14.1 CPC Corporation
9.14.2 Shell Global
9.14.3 Eagle Petrochem
9.14.4 Lodha Petro
9.14.5 WBF Pte Ltd.
9.14.6 Southwestern Petroleum Corporation
9.14.7 Cross Oil Refining & Marketing, Inc.
9.14.8 Source: Company Website And, Press Releases Kite International
9.14.9 Iranol
9.14.10 Vintrol Lubes Pvt. Ltd.
9.14.11 Petro Gulf FZC
9.14.12 Witmans Industries Pvt. Ltd.
9.14.13 Sterlite Lubricants Pvt. Ltd.
9.14.14 Gulf Petroleum Ltd.
9.14.15 Wellbank Global Pte Ltd.
9.14.16 Ergon North & South America

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