The global demand for Naphthenic Base Oil Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.Regarding volume, the market was calculated XX Ton in 2020 and forecast to touch XX Ton by 2027 with a CAGR of XX% during 2021-2027.
Naphthenic base oil is a fraction of crude oil. It contains little or no wax, offers excellent low-temperature properties, good solvency, low aniline point, high VGC, and a high proportion of naphthenic molecules. Naphthenic base oil is preferred for specialty products manufacture and compounding. These properties make naphthenic oils particularly useful for the specialty oil market, including transformer oils, process oils, metalworking fluids, and lubricating oils.
An increase in the adoption of hybrid and electric vehicles, rise in the R&D initiative by various governments, booming end-use industries such as automotive and metalworking, and significant investments in the energy and power industry are accelerating demand for naphthenic base oil. Rising demand for transformer oils, process oils, metalworking fluids, and lubricating oils drives naphthenic base oil demand. However, the development of new additives for paraffinic oils is obstructing the global naphthenic base oil market. Moreover, the unstable price of raw materials and environmental concerns hamper market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of naphthenic base oil. The growth and trends of naphthenic base oil industry provide a holistic approach to this study.
This section of the naphthenic base oil market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- 35-60 Sus
- 80-130 Sus
- 200-300 Sus
- 400-800 Sus
- Above 1200 Sus
- Process Oil
- Electrical Oil
- Metal Working
- Industrial Lubes & Grease
- Rubber Oil
This section covers the regional outlook, which accentuates current and future demand for the Naphthenic Base Oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Naphthenic Base Oil Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the naphthenic base oil market include Calumet Specialty Products Partners, L.P, Nynas AB, SAC Petrobras S.A., Royal Dutch Shell Plc, PetroChina Company Limited, Apar Industries Ltd., Ergon Inc., Lubricon Industries, Lubline LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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