Process Oil Market Worth 4.98 Billion USD by 2020

Feb 17, 2016, 04:30 ET from MarketsandMarkets

PUNE, India, February 17, 2016 /PRNewswire/ --

The report "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Others), by Application (Tire & Rubber, Polymer, Personal Care, Textile, Others), by Region - Global Forecast to 2020", published by MarketsandMarkets , The global market is projected to reach USD 4.98 Billion by 2020, at a CAGR of 2.5% from 2015 to 2020.

Browse 62 market data Tables and 47 Figures spread through 231 Pages and in-depth TOC on "Process Oil Market"

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Among types, the naphthenic segment led the global process oil market in 2014 

Among types, the naphthenic segment led the global process oil market in 2014 and accounted for the maximum market share, in terms of volume. This segment is projected to grow at the highest CAGR during the forecast period, 2015 to 2020.

Among applications, the tire & rubber segment led the global process oil market in 2014 

The tire & rubber application segment led the global process oil market in 2014 and is projected to grow at the highest CAGR between 2015 and 2020. The increasing concern for fuel efficiency and lower energy consumption in the automotive sector are the factors driving growth of the tire & rubber application segment of the global process oil market.

The Asia-Pacific region led the global process oil market in 2014 

In terms of value, the Asia-Pacific region led the global Process Oil Market in 2014 and accounted for the largest market share. In terms of volume, the Asia-Pacific process oil market is expected to grow at the highest CAGR during the forecast period, 2015 to 2020. Recently, various industries have shifted their manufacturing units to the Asia-Pacific region, owing to availability of cheap labor and raw materials in the region. This is expected to drive the growth of the Asia-Pacific process oil market.

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An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at, based on the key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Some of the leading players in this market are Royal Dutch Shell plc, Chevron Corporation, Petronas Lubricants Belgium NV, Nynas AB, Lukoil Oil Company, Repsol, and AVISTA OIL AG, among others.

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