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Base Oil-Global Market Insights and Sales Trends 2025
Synopsis
Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil is typically defined as oil with a boiling point range between 550 and 1050 F, consisting of hydrocarbons with 18 to 40 carbon atoms. This oil can be either paraffinic or napthenic in nature depending on the chemical structure of the molecules.
The global Base Oil market size is expected to reach US$ 36580 million by 2029, growing at a CAGR of 2.1% from 2023 to 2029. The market is mainly driven by the significant applications of Base Oil in various end use industries. The expanding demands from the Automotive Oil, Industrial Oil, Metalworking Fluids and Hydraulic Oil, are propelling Base Oil market. Group I, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Group II segment is estimated at % CAGR for the next seven-year period.
Among types, Group IV segment of the global base oil market is projected to grow at the highest CAGR during the forecast period. This is due to increase in the consumption of Group IV base oils, globally. 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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Base Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Base Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Base Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Base Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Base Oil covered in this report include Shell, Chevron, Neste Oil, Exxon Mobil, Total and Sinopec, etc.
The global Base Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Shell
Chevron
Neste Oil
Exxon Mobil
Total
Sinopec
Global Base Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Base Oil market, Segment by Type:
Group I
Group II
Group III
Group IV
Group V
Global Base Oil market, by Application
Automotive Oil
Industrial Oil
Metalworking Fluids
Hydraulic Oil
Greases
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Base Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Base Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil is typically defined as oil with a boiling point range between 550 and 1050 F, consisting of hydrocarbons with 18 to 40 carbon atoms. This oil can be either paraffinic or napthenic in nature depending on the chemical structure of the molecules.
The global Base Oil market size is expected to reach US$ 36580 million by 2029, growing at a CAGR of 2.1% from 2023 to 2029. The market is mainly driven by the significant applications of Base Oil in various end use industries. The expanding demands from the Automotive Oil, Industrial Oil, Metalworking Fluids and Hydraulic Oil, are propelling Base Oil market. Group I, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Group II segment is estimated at % CAGR for the next seven-year period.
Among types, Group IV segment of the global base oil market is projected to grow at the highest CAGR during the forecast period. This is due to increase in the consumption of Group IV base oils, globally. 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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Base Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Base Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Base Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Base Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Base Oil covered in this report include Shell, Chevron, Neste Oil, Exxon Mobil, Total and Sinopec, etc.
The global Base Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Shell
Chevron
Neste Oil
Exxon Mobil
Total
Sinopec
Global Base Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Base Oil market, Segment by Type:
Group I
Group II
Group III
Group IV
Group V
Global Base Oil market, by Application
Automotive Oil
Industrial Oil
Metalworking Fluids
Hydraulic Oil
Greases
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Base Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Base Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Base Oil Market Overview
1.1 Base Oil Product Overview
1.2 Base Oil Market Segment by Type
1.2.1 Group I
1.2.2 Group II
1.2.3 Group III
1.2.4 Group IV
1.2.5 Group V
1.3 Global Base Oil Market Size by Type
1.3.1 Global Base Oil Market Size Overview by Type (2018-2029)
1.3.2 Global Base Oil Historic Market Size Review by Type (2018-2023)
1.3.3 Global Base Oil Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Base Oil Sales Breakdown by Type (2018-2023)
1.4.2 Europe Base Oil Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Base Oil Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Base Oil Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Base Oil Sales Breakdown by Type (2018-2023)
2 Global Base Oil Market Competition by Company
2.1 Global Top Players by Base Oil Sales (2018-2023)
2.2 Global Top Players by Base Oil Revenue (2018-2023)
2.3 Global Top Players by Base Oil Price (2018-2023)
2.4 Global Top Manufacturers Base Oil Manufacturing Base Distribution, Sales Area, Product Type
2.5 Base Oil Market Competitive Situation and Trends
2.5.1 Base Oil Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Base Oil Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Base Oil as of 2022)
2.7 Date of Key Manufacturers Enter into Base Oil Market
2.8 Key Manufacturers Base Oil Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Base Oil Status and Outlook by Region
3.1 Global Base Oil Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Base Oil Historic Market Size by Region
3.2.1 Global Base Oil Sales in Volume by Region (2018-2023)
3.2.2 Global Base Oil Sales in Value by Region (2018-2023)
3.2.3 Global Base Oil Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Base Oil Forecasted Market Size by Region
3.3.1 Global Base Oil Sales in Volume by Region (2024-2029)
3.3.2 Global Base Oil Sales in Value by Region (2024-2029)
3.3.3 Global Base Oil Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Base Oil by Application
4.1 Base Oil Market Segment by Application
4.1.1 Automotive Oil
4.1.2 Industrial Oil
4.1.3 Metalworking Fluids
4.1.4 Hydraulic Oil
4.1.5 Greases
4.1.6 Others
4.2 Global Base Oil Market Size by Application
4.2.1 Global Base Oil Market Size Overview by Application (2018-2029)
4.2.2 Global Base Oil Historic Market Size Review by Application (2018-2023)
4.2.3 Global Base Oil Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Base Oil Sales Breakdown by Application (2018-2023)
4.3.2 Europe Base Oil Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Base Oil Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Base Oil Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Base Oil Sales Breakdown by Application (2018-2023)
5 North America Base Oil by Country
5.1 North America Base Oil Historic Market Size by Country
5.1.1 North America Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Base Oil Sales in Volume by Country (2018-2023)
5.1.3 North America Base Oil Sales in Value by Country (2018-2023)
5.2 North America Base Oil Forecasted Market Size by Country
5.2.1 North America Base Oil Sales in Volume by Country (2024-2029)
5.2.2 North America Base Oil Sales in Value by Country (2024-2029)
6 Europe Base Oil by Country
6.1 Europe Base Oil Historic Market Size by Country
6.1.1 Europe Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Base Oil Sales in Volume by Country (2018-2023)
6.1.3 Europe Base Oil Sales in Value by Country (2018-2023)
6.2 Europe Base Oil Forecasted Market Size by Country
6.2.1 Europe Base Oil Sales in Volume by Country (2024-2029)
6.2.2 Europe Base Oil Sales in Value by Country (2024-2029)
7 Asia-Pacific Base Oil by Region
7.1 Asia-Pacific Base Oil Historic Market Size by Region
7.1.1 Asia-Pacific Base Oil Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Base Oil Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Base Oil Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Base Oil Forecasted Market Size by Region
7.2.1 Asia-Pacific Base Oil Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Base Oil Sales in Value by Region (2024-2029)
8 Latin America Base Oil by Country
8.1 Latin America Base Oil Historic Market Size by Country
8.1.1 Latin America Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Base Oil Sales in Volume by Country (2018-2023)
8.1.3 Latin America Base Oil Sales in Value by Country (2018-2023)
8.2 Latin America Base Oil Forecasted Market Size by Country
8.2.1 Latin America Base Oil Sales in Volume by Country (2024-2029)
8.2.2 Latin America Base Oil Sales in Value by Country (2024-2029)
9 Middle East and Africa Base Oil by Country
9.1 Middle East and Africa Base Oil Historic Market Size by Country
9.1.1 Middle East and Africa Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Base Oil Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Base Oil Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Base Oil Forecasted Market Size by Country
9.2.1 Middle East and Africa Base Oil Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Base Oil Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Shell
10.1.1 Shell Company Information
10.1.2 Shell Introduction and Business Overview
10.1.3 Shell Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Shell Base Oil Products Offered
10.1.5 Shell Recent Development
10.2 Chevron
10.2.1 Chevron Company Information
10.2.2 Chevron Introduction and Business Overview
10.2.3 Chevron Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Chevron Base Oil Products Offered
10.2.5 Chevron Recent Development
10.3 Neste Oil
10.3.1 Neste Oil Company Information
10.3.2 Neste Oil Introduction and Business Overview
10.3.3 Neste Oil Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Neste Oil Base Oil Products Offered
10.3.5 Neste Oil Recent Development
10.4 Exxon Mobil
10.4.1 Exxon Mobil Company Information
10.4.2 Exxon Mobil Introduction and Business Overview
10.4.3 Exxon Mobil Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Exxon Mobil Base Oil Products Offered
10.4.5 Exxon Mobil Recent Development
10.5 Total
10.5.1 Total Company Information
10.5.2 Total Introduction and Business Overview
10.5.3 Total Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Total Base Oil Products Offered
10.5.5 Total Recent Development
10.6 Sinopec
10.6.1 Sinopec Company Information
10.6.2 Sinopec Introduction and Business Overview
10.6.3 Sinopec Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Sinopec Base Oil Products Offered
10.6.5 Sinopec Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Base Oil Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Base Oil Industrial Chain Analysis
11.4 Base Oil Market Dynamics
11.4.1 Base Oil Industry Trends
11.4.2 Base Oil Market Drivers
11.4.3 Base Oil Market Challenges
11.4.4 Base Oil Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Base Oil Distributors
12.3 Base Oil Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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