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Lubricating Base Oil-Global Market Insights and Sales Trends 2025
Synopsis
The global Lubricating Base Oil market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Lubricating Base Oil in various end use industries. The expanding demands from the Low Viscosity Oil, High Viscosity Oil and Ultra High Viscosity Oil,, are propelling Lubricating Base Oil market. Mineral Base Oil, 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 Synthetic Base Oil segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Lubricating Base Oil market, driven by demand from China, the second largest economy with some signs of stabilising, the Lubricating Base Oil market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Lubricating 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 Lubricating 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 Lubricating Base Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Lubricating 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 Lubricating Base Oil covered in this report include Exxon Mobil Corporation, Chevron Corporation, China Petroleum Corporation (Sinopec Group), Petroliam Nasional Berhad (Petronas), MOGoil GmbH, GS Caltex Corporation, Royal Dutch Shell Plc, PetroChina Company Limited and Philips 66 Company, etc.
The global Lubricating 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:
Exxon Mobil Corporation
Chevron Corporation
China Petroleum Corporation (Sinopec Group)
Petroliam Nasional Berhad (Petronas)
MOGoil GmbH
GS Caltex Corporation
Royal Dutch Shell Plc
PetroChina Company Limited
Philips 66 Company
S-Oil Corporation
SK Lubricants
Indian Oil
British Petroleum
Neste Oil
Global Lubricating 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 Lubricating Base Oil market, Segment by Type:
Mineral Base Oil
Synthetic Base Oil
Biological Base Oil
Global Lubricating Base Oil market, by Application
Low Viscosity Oil
High Viscosity Oil
Ultra High Viscosity Oil
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 Lubricating 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 Lubricating 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.
The global Lubricating Base Oil market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Lubricating Base Oil in various end use industries. The expanding demands from the Low Viscosity Oil, High Viscosity Oil and Ultra High Viscosity Oil,, are propelling Lubricating Base Oil market. Mineral Base Oil, 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 Synthetic Base Oil segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Lubricating Base Oil market, driven by demand from China, the second largest economy with some signs of stabilising, the Lubricating Base Oil market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Lubricating 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 Lubricating 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 Lubricating Base Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Lubricating 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 Lubricating Base Oil covered in this report include Exxon Mobil Corporation, Chevron Corporation, China Petroleum Corporation (Sinopec Group), Petroliam Nasional Berhad (Petronas), MOGoil GmbH, GS Caltex Corporation, Royal Dutch Shell Plc, PetroChina Company Limited and Philips 66 Company, etc.
The global Lubricating 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:
Exxon Mobil Corporation
Chevron Corporation
China Petroleum Corporation (Sinopec Group)
Petroliam Nasional Berhad (Petronas)
MOGoil GmbH
GS Caltex Corporation
Royal Dutch Shell Plc
PetroChina Company Limited
Philips 66 Company
S-Oil Corporation
SK Lubricants
Indian Oil
British Petroleum
Neste Oil
Global Lubricating 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 Lubricating Base Oil market, Segment by Type:
Mineral Base Oil
Synthetic Base Oil
Biological Base Oil
Global Lubricating Base Oil market, by Application
Low Viscosity Oil
High Viscosity Oil
Ultra High Viscosity Oil
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 Lubricating 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 Lubricating 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 Lubricating Base Oil Market Overview
1.1 Lubricating Base Oil Product Overview
1.2 Lubricating Base Oil Market Segment by Type
1.2.1 Mineral Base Oil
1.2.2 Synthetic Base Oil
1.2.3 Biological Base Oil
1.3 Global Lubricating Base Oil Market Size by Type
1.3.1 Global Lubricating Base Oil Market Size Overview by Type (2018-2029)
1.3.2 Global Lubricating Base Oil Historic Market Size Review by Type (2018-2023)
1.3.3 Global Lubricating Base Oil Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Lubricating Base Oil Sales Breakdown by Type (2018-2023)
1.4.2 Europe Lubricating Base Oil Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Lubricating Base Oil Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Lubricating Base Oil Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Lubricating Base Oil Sales Breakdown by Type (2018-2023)
2 Global Lubricating Base Oil Market Competition by Company
2.1 Global Top Players by Lubricating Base Oil Sales (2018-2023)
2.2 Global Top Players by Lubricating Base Oil Revenue (2018-2023)
2.3 Global Top Players by Lubricating Base Oil Price (2018-2023)
2.4 Global Top Manufacturers Lubricating Base Oil Manufacturing Base Distribution, Sales Area, Product Type
2.5 Lubricating Base Oil Market Competitive Situation and Trends
2.5.1 Lubricating Base Oil Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Lubricating 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 Lubricating Base Oil as of 2022)
2.7 Date of Key Manufacturers Enter into Lubricating Base Oil Market
2.8 Key Manufacturers Lubricating Base Oil Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Lubricating Base Oil Status and Outlook by Region
3.1 Global Lubricating Base Oil Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Lubricating Base Oil Historic Market Size by Region
3.2.1 Global Lubricating Base Oil Sales in Volume by Region (2018-2023)
3.2.2 Global Lubricating Base Oil Sales in Value by Region (2018-2023)
3.2.3 Global Lubricating Base Oil Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Lubricating Base Oil Forecasted Market Size by Region
3.3.1 Global Lubricating Base Oil Sales in Volume by Region (2024-2029)
3.3.2 Global Lubricating Base Oil Sales in Value by Region (2024-2029)
3.3.3 Global Lubricating Base Oil Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Lubricating Base Oil by Application
4.1 Lubricating Base Oil Market Segment by Application
4.1.1 Low Viscosity Oil
4.1.2 High Viscosity Oil
4.1.3 Ultra High Viscosity Oil
4.2 Global Lubricating Base Oil Market Size by Application
4.2.1 Global Lubricating Base Oil Market Size Overview by Application (2018-2029)
4.2.2 Global Lubricating Base Oil Historic Market Size Review by Application (2018-2023)
4.2.3 Global Lubricating Base Oil Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Lubricating Base Oil Sales Breakdown by Application (2018-2023)
4.3.2 Europe Lubricating Base Oil Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Lubricating Base Oil Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Lubricating Base Oil Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Lubricating Base Oil Sales Breakdown by Application (2018-2023)
5 North America Lubricating Base Oil by Country
5.1 North America Lubricating Base Oil Historic Market Size by Country
5.1.1 North America Lubricating Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Lubricating Base Oil Sales in Volume by Country (2018-2023)
5.1.3 North America Lubricating Base Oil Sales in Value by Country (2018-2023)
5.2 North America Lubricating Base Oil Forecasted Market Size by Country
5.2.1 North America Lubricating Base Oil Sales in Volume by Country (2024-2029)
5.2.2 North America Lubricating Base Oil Sales in Value by Country (2024-2029)
6 Europe Lubricating Base Oil by Country
6.1 Europe Lubricating Base Oil Historic Market Size by Country
6.1.1 Europe Lubricating Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Lubricating Base Oil Sales in Volume by Country (2018-2023)
6.1.3 Europe Lubricating Base Oil Sales in Value by Country (2018-2023)
6.2 Europe Lubricating Base Oil Forecasted Market Size by Country
6.2.1 Europe Lubricating Base Oil Sales in Volume by Country (2024-2029)
6.2.2 Europe Lubricating Base Oil Sales in Value by Country (2024-2029)
7 Asia-Pacific Lubricating Base Oil by Region
7.1 Asia-Pacific Lubricating Base Oil Historic Market Size by Region
7.1.1 Asia-Pacific Lubricating Base Oil Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Lubricating Base Oil Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Lubricating Base Oil Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Lubricating Base Oil Forecasted Market Size by Region
7.2.1 Asia-Pacific Lubricating Base Oil Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Lubricating Base Oil Sales in Value by Region (2024-2029)
8 Latin America Lubricating Base Oil by Country
8.1 Latin America Lubricating Base Oil Historic Market Size by Country
8.1.1 Latin America Lubricating Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Lubricating Base Oil Sales in Volume by Country (2018-2023)
8.1.3 Latin America Lubricating Base Oil Sales in Value by Country (2018-2023)
8.2 Latin America Lubricating Base Oil Forecasted Market Size by Country
8.2.1 Latin America Lubricating Base Oil Sales in Volume by Country (2024-2029)
8.2.2 Latin America Lubricating Base Oil Sales in Value by Country (2024-2029)
9 Middle East and Africa Lubricating Base Oil by Country
9.1 Middle East and Africa Lubricating Base Oil Historic Market Size by Country
9.1.1 Middle East and Africa Lubricating Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Lubricating Base Oil Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Lubricating Base Oil Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Lubricating Base Oil Forecasted Market Size by Country
9.2.1 Middle East and Africa Lubricating Base Oil Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Lubricating Base Oil Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Exxon Mobil Corporation
10.1.1 Exxon Mobil Corporation Company Information
10.1.2 Exxon Mobil Corporation Introduction and Business Overview
10.1.3 Exxon Mobil Corporation Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Exxon Mobil Corporation Lubricating Base Oil Products Offered
10.1.5 Exxon Mobil Corporation Recent Development
10.2 Chevron Corporation
10.2.1 Chevron Corporation Company Information
10.2.2 Chevron Corporation Introduction and Business Overview
10.2.3 Chevron Corporation Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Chevron Corporation Lubricating Base Oil Products Offered
10.2.5 Chevron Corporation Recent Development
10.3 China Petroleum Corporation (Sinopec Group)
10.3.1 China Petroleum Corporation (Sinopec Group) Company Information
10.3.2 China Petroleum Corporation (Sinopec Group) Introduction and Business Overview
10.3.3 China Petroleum Corporation (Sinopec Group) Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.3.4 China Petroleum Corporation (Sinopec Group) Lubricating Base Oil Products Offered
10.3.5 China Petroleum Corporation (Sinopec Group) Recent Development
10.4 Petroliam Nasional Berhad (Petronas)
10.4.1 Petroliam Nasional Berhad (Petronas) Company Information
10.4.2 Petroliam Nasional Berhad (Petronas) Introduction and Business Overview
10.4.3 Petroliam Nasional Berhad (Petronas) Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Petroliam Nasional Berhad (Petronas) Lubricating Base Oil Products Offered
10.4.5 Petroliam Nasional Berhad (Petronas) Recent Development
10.5 MOGoil GmbH
10.5.1 MOGoil GmbH Company Information
10.5.2 MOGoil GmbH Introduction and Business Overview
10.5.3 MOGoil GmbH Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.5.4 MOGoil GmbH Lubricating Base Oil Products Offered
10.5.5 MOGoil GmbH Recent Development
10.6 GS Caltex Corporation
10.6.1 GS Caltex Corporation Company Information
10.6.2 GS Caltex Corporation Introduction and Business Overview
10.6.3 GS Caltex Corporation Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.6.4 GS Caltex Corporation Lubricating Base Oil Products Offered
10.6.5 GS Caltex Corporation Recent Development
10.7 Royal Dutch Shell Plc
10.7.1 Royal Dutch Shell Plc Company Information
10.7.2 Royal Dutch Shell Plc Introduction and Business Overview
10.7.3 Royal Dutch Shell Plc Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Royal Dutch Shell Plc Lubricating Base Oil Products Offered
10.7.5 Royal Dutch Shell Plc Recent Development
10.8 PetroChina Company Limited
10.8.1 PetroChina Company Limited Company Information
10.8.2 PetroChina Company Limited Introduction and Business Overview
10.8.3 PetroChina Company Limited Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.8.4 PetroChina Company Limited Lubricating Base Oil Products Offered
10.8.5 PetroChina Company Limited Recent Development
10.9 Philips 66 Company
10.9.1 Philips 66 Company Company Information
10.9.2 Philips 66 Company Introduction and Business Overview
10.9.3 Philips 66 Company Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Philips 66 Company Lubricating Base Oil Products Offered
10.9.5 Philips 66 Company Recent Development
10.10 S-Oil Corporation
10.10.1 S-Oil Corporation Company Information
10.10.2 S-Oil Corporation Introduction and Business Overview
10.10.3 S-Oil Corporation Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.10.4 S-Oil Corporation Lubricating Base Oil Products Offered
10.10.5 S-Oil Corporation Recent Development
10.11 SK Lubricants
10.11.1 SK Lubricants Company Information
10.11.2 SK Lubricants Introduction and Business Overview
10.11.3 SK Lubricants Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.11.4 SK Lubricants Lubricating Base Oil Products Offered
10.11.5 SK Lubricants Recent Development
10.12 Indian Oil
10.12.1 Indian Oil Company Information
10.12.2 Indian Oil Introduction and Business Overview
10.12.3 Indian Oil Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Indian Oil Lubricating Base Oil Products Offered
10.12.5 Indian Oil Recent Development
10.13 British Petroleum
10.13.1 British Petroleum Company Information
10.13.2 British Petroleum Introduction and Business Overview
10.13.3 British Petroleum Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.13.4 British Petroleum Lubricating Base Oil Products Offered
10.13.5 British Petroleum Recent Development
10.14 Neste Oil
10.14.1 Neste Oil Company Information
10.14.2 Neste Oil Introduction and Business Overview
10.14.3 Neste Oil Lubricating Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Neste Oil Lubricating Base Oil Products Offered
10.14.5 Neste Oil Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Lubricating 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 Lubricating Base Oil Industrial Chain Analysis
11.4 Lubricating Base Oil Market Dynamics
11.4.1 Lubricating Base Oil Industry Trends
11.4.2 Lubricating Base Oil Market Drivers
11.4.3 Lubricating Base Oil Market Challenges
11.4.4 Lubricating Base Oil Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Lubricating Base Oil Distributors
12.3 Lubricating 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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