NA Mineral Oils Market - Industry Trends and Forecast to 2030

List of Tables

North America mineral oils market is expected to reach USD 2,241,149.25 Thousand by 2030 from USD 1,568,006.38 Thousand in 2022, growing at a CAGR of 4.7% in the forecast period of 2023 to 2030

Market Segmentation:

North America Mineral Oils Market, By Class (Paraffinic Oil, Aromatic Oil and Naphthenic Oil), Grade (Industrial Grade, Pharmaceutical Grade, Cosmetic Grade and Food Grade), Application (Lubricants, Pharmaceuticals, Cosmetics & Personal Care, Food Industry, Electrical and Industrial, Tires/Rubbers, Agriculture, Polymers, Packaging, Textile, Adhesives, Coatings/Inks and Others), Country (U.S., Canada, Mexico) - Industry Trends and Forecast to 2030.

Overview of North America Mineral Oils Market Dynamics:

Driver
Emerging consumption of mineral oil in personal care and cosmetics products
Rising adoption in pharmaceutical markets
Positive outlook toward the lubricants industry
Restrain
Fluctuation in raw material prices
Availability of substitutes
Opportunity
Novel applications of mineral oils in advanced battery system manufacturing

Market Players:

The key players operating in the North America mineral oils market are:

Eastern Petroleum
Shanghai Bojing Chemical Industry Co., Ltd
ALLWIN TRADE SOLUTIONS
Petro-Canada Lubricants Inc.
NANDAN PETROCHEM LTD,
AP SAIGON PETRO
Gandhar Oil Refinery (India) Limited
Eni Benelux B.V.
APAR Industries Limited
Exxon Mobil Corporation
Calumet Specialty Products Partners, L.P.
LODHA Petro
RENKERT OIL
Cepsa
LANXESS
The International Group, Inc.
CARMEL Industries
H&R GROUP
Indian Oil Corporation Ltd
Unicorn.
Adinath Chemicals
savita.com
Repsol

1 INTRODUCTION 12

1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 OVERVIEW 12
1.4 LIMITATIONS 13
1.5 MARKETS COVERED 13

2 MARKET SEGMENTATION 16

2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 18
2.4 CURRENCY AND PRICING 18
2.5 DBMR TRIPOD DATA VALIDATION MODEL 19
2.6 MULTIVARIATE MODELLING 22
2.7 MANUFACTURING PROCESS LIFELINE CURVE 22
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.9 DBMR MARKET POSITION GRID 24
2.10 MARKET APPLICATION COVERAGE GRID 25
2.11 SECONDARY SOURCES 26
2.12 ASSUMPTIONS 26

3 EXECUTIVE SUMMARY 27

4 PREMIUM INSIGHTS 29

4.1 PESTLE ANALYSIS 30
- 4.1.1 POLITICAL FACTORS 30
- 4.1.2 ECONOMIC FACTORS 31
- 4.1.3 SOCIAL FACTORS 31
- 4.1.4 TECHNOLOGICAL FACTORS 31
- 4.1.5 LEGAL FACTORS 32
- 4.1.6 ENVIRONMENTAL FACTORS 32
4.2 PORTER'S FIVE FORCES: 33
- 4.2.1 THE THREAT OF NEW ENTRANTS: 33
- 4.2.2 THE THREAT OF SUBSTITUTES: 34
- 4.2.3 CUSTOMER BARGAINING POWER: 34
- 4.2.4 SUPPLIER BARGAINING POWER: 34
- 4.2.5 INTERNAL COMPETITION (RIVALRY): 35
4.3 CLIMATE CHANGE SCENARIO 36
- 4.3.1 ENVIRONMENTAL CONCERNS 36
- 4.3.2 INDUSTRY RESPONSE 36
- 4.3.3 GOVERNMENT'S ROLE 36
- 4.3.4 ANALYST RECOMMENDATION 36
4.4 CONSUMER BUYING FACTORS ANALYSIS 37
- 4.4.1 APPLICATION AND INTENDED USE 37
- 4.4.2 BRAND REPUTATION 37
- 4.4.3 AVAILABILITY AND CONVENIENCE OF SHIPMENT 38
4.5 IMPORT-EXPORT SCENARIO 39
4.6 KEY INDICATIONS FOR PRICE LEVELS FOR EACH APPLICATION 41
- 4.6.1 INDUSTRIAL GRADE 41
- 4.6.2 PHARMACEUTICAL GRADE 41
- 4.6.3 COSMETIC GRADE 41
- 4.6.4 FOOD GRADE 41
4.7 PRICE INDEX 43
4.8 PRODUCTION CAPACITY OVERVIEW 44
4.9 PRODUCTION CONSUMPTION ANALYSIS - NORTH AMERICA MINERAL OIL MARKET 45
4.10 RAW MATERIAL COVERAGE 46
4.11 SUPPLY CHAIN ANALYSIS 47
- 4.11.1 OVERVIEW 47
- 4.11.2 LOGISTIC COST SCENARIO 47
- 4.11.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 48
4.12 TECHNOLOGICAL ADVANCEMENTS 49
4.13 THREAT ANALYSIS WITH THE EXCLUSIVE COVERAGE ON THE POTENTIAL OF BIO-BASED MATERIAL-DERIVED COUNTERPARTS 50
4.14 VENDOR SELECTION CRITERIA 51

5 REGULATORY FRAMEWORK AND GUIDELINES 53

6 MARKET OVERVIEW 55

6.1 DRIVERS 57
- 6.1.1 INCREASING CONSUMPTION OF MINERAL OIL IN PERSONAL CARE AND COSMETICS PRODUCTS 57
- 6.1.2 RISING ADOPTION IN PHARMACEUTICAL MARKETS 57
- 6.1.3 POSITIVE OUTLOOK TOWARD THE LUBRICANTS INDUSTRY 58
- 6.1.4 GROWING UTILIZATION IN THE FOOD SECTORS 59
6.2 RESTRAINTS 59
- 6.2.1 FLUCTUATION IN RAW MATERIAL PRICES 59
- 6.2.2 AVAILABILITY OF SUBSTITUTES 60
6.3 OPPORTUNITIES 60
- 6.3.1 NOVEL APPLICATION OF MINERAL OIL IN ADVANCED BATTERY SYSTEM MANUFACTURING 60
6.4 CHALLENGES 61
- 6.4.1 STRINGENT REGULATIONS ASSOCIATED WITH THE PARAFFIN APPLICATIONS IN INDUSTRIES 61
- 6.4.2 ENVIRONMENTAL CONCERNS IN THE REFINING AND PROCESSING OF MINERAL OIL 63

7 NORTH AMERICA MINERAL OIL MARKET: BY REGION 64

7.1 NORTH AMERICA 64

8 NORTH AMERICA MINERAL OIL MARKET: COMPANY LANDSCAPE 67

8.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 67
8.2 NEW PACKAGING 68
8.3 PROCESS ADVANCEMENT 68

9 SWOT ANALYSIS 69

10 COMPANY PROFILES 70

10.1 REPSOL (2022) 70
- 10.1.1 COMPANY SNAPSHOT 70
- 10.1.2 REVENUE ANALYSIS 70
- 10.1.3 COMPANY SHARE ANALYSIS 71
- 10.1.4 PRODUCT PORTFOLIO 71
- 10.1.5 RECENT DEVELOPMENT 71
10.2 ENI BENELUX B.V. (SUBSIDIARY OF ENI S.P.A) 72
- 10.2.1 COMPANY SNAPSHOT 72
- 10.2.2 COMPANY SHARE ANALYSIS 72
- 10.2.3 PRODUCT PORTFOLIO 73
- 10.2.4 RECENT DEVELOPMENT 73
10.3 EXXON MOBIL CORPORATION (2022) 74
- 10.3.1 COMPANY SNAPSHOT 74
- 10.3.2 REVENUE ANALYSIS 74
- 10.3.3 COMPANY SHARE ANALYSIS 75
- 10.3.4 PRODUCT PORTFOLIO 75
- 10.3.5 RECENT DEVELOPMENT 75
10.4 H&R GROUP 76
- 10.4.1 COMPANY SNAPSHOT 76
- 10.4.2 REVENUE ANALYSIS 76
- 10.4.3 COMPANY SHARE ANALYSIS 77
- 10.4.4 PRODUCT PORTFOLIO 77
- 10.4.5 RECENT DEVELOPMENT 77
10.5 INDIAN OIL CORPORATION LTD (2022) 78
- 10.5.1 COMPANY SNAPSHOT 78
- 10.5.2 REVENUE ANALYSIS 78
- 10.5.3 COMPANY SHARE ANALYSIS 79
- 10.5.4 PRODUCT PORTFOLIO 79
- 10.5.5 RECENT DEVELOPMENT 79
10.6 ADINATH CHEMICALS 80
- 10.6.1 COMPANY SNAPSHOT 80
- 10.6.2 PRODUCT PORTFOLIO 80
- 10.6.3 RECENT DEVELOPMENT 80
10.7 ALLWIN TRADE SOLUTIONS 81
- 10.7.1 COMPANY SNAPSHOT 81
- 10.7.2 PRODUCT PORTFOLIO 81
- 10.7.3 RECENT DEVELOPMENT 81
10.8 AP SAIGON PETRO 82
- 10.8.1 COMPANY SNAPSHOT 82
- 10.8.2 PRODUCT PORTFOLIO 82
- 10.8.3 RECENT DEVELOPMENT 82
10.9 APAR INDUSTRIES LIMITED (2022) 83
- 10.9.1 COMPANY SNAPSHOT 83
- 10.9.2 REVENUE ANALYSIS 83
- 10.9.3 PRODUCT PORTFOLIO 84
- 10.9.4 RECENT DEVELOPMENT 84
10.10 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. (2022) 85
- 10.10.1 COMPANY SNAPSHOT 85
- 10.10.2 REVENUE ANALYSIS 85
- 10.10.3 PRODUCT PORTFOLIO 86
- 10.10.4 RECENT DEVELOPMENT 86
10.11 CARMEL INDUSTRIES 87
- 10.11.1 COMPANY SNAPSHOT 87
- 10.11.2 PRODUCT PORTFOLIO 87
- 10.11.3 RECENT DEVELOPMENT 87
10.12 CEPSA 88
- 10.12.1 COMPANY SNAPSHOT 88
- 10.12.2 PRODUCT PORTFOLIO 88
- 10.12.3 RECENT DEVELOPMENT 89
10.13 EASTERN PETROLEUM 90
- 10.13.1 COMPANY SNAPSHOT 90
- 10.13.2 PRODUCT PORTFOLIO 90
- 10.13.3 RECENT DEVELOPMENT 90
10.14 GANDHAR OIL REFINERY (INDIA) LIMITED (2022) 91
- 10.14.1 COMPANY SNAPSHOT 91
- 10.14.2 REVENUE ANALYSIS 91
- 10.14.3 PRODUCT PORTFOLIO 92
- 10.14.4 RECENT DEVELOPMENT 92
10.15 LANXESS (2022) 93
- 10.15.1 COMPANY SNAPSHOT 93
- 10.15.2 REVENUE ANALYSIS 93
- 10.15.3 PRODUCT PORTFOLIO 94
- 10.15.4 RECENT DEVELOPMENT 94
10.16 LODHA PETRO 95
- 10.16.1 COMPANY SNAPSHOT 95
- 10.16.2 PRODUCT PORTFOLIO 95
- 10.16.3 RECENT DEVELOPMENT 96
10.17 NANDAN PETROCHEM LTD 97
- 10.17.1 COMPANY SNAPSHOT 97
- 10.17.2 PRODUCT PORTFOLIO 97
- 10.17.3 RECENT DEVELOPMENT 97
10.18 PETRO-CANADA LUBRICANTS INC. 98
- 10.18.1 COMPANY SNAPSHOT 98
- 10.18.2 PRODUCT PORTFOLIO 98
- 10.18.3 RECENT DEVELOPMENT 99
10.19 RENKERT OIL 100
- 10.19.1 COMPANY SNAPSHOT 100
- 10.19.2 PRODUCT PORTFOLIO 100
- 10.19.3 RECENT DEVELOPMENT 100
10.20 SAVITA 101
- 10.20.1 COMPANY SNAPSHOT 101
- 10.20.2 REVENUE ANALYSIS 101
- 10.20.3 PRODUCT PORTFOLIO 102
- 10.20.4 RECENT DEVELOPMENT 102
10.21 SHANGHAI BOJING CHEMICAL INDUSTRY CO., LTD 103
- 10.21.1 COMPANY SNAPSHOT 103
- 10.21.2 PRODUCT PORTFOLIO 103
- 10.21.3 RECENT DEVELOPMENT 103
10.22 THE INTERNATIONAL GROUP, INC. 104
- 10.22.1 COMPANY SNAPSHOT 104
- 10.22.2 PRODUCT PORTFOLIO 104
- 10.22.3 RECENT DEVELOPMENT 104
10.23 UNICORN 105
- 10.23.1 COMPANY SNAPSHOT 105
- 10.23.2 PRODUCT PORTFOLIO 105
- 10.23.3 RECENT DEVELOPMENT 105

11 QUESTIONNAIRE 106

12 RELATED REPORTS 109

LIST OF TABLES

TABLE 1 IMPORT DATA OF "MINERAL OIL"; HS CODE OF PRODUCT: 27 39
TABLE 2 EXPORT DATA OF "MINERAL OIL"; HS CODE OF PRODUCT: 27 40
TABLE 3 ESTIMATED PRICE (VALUE/VOLUME) ASP PER TONS 43
TABLE 4 REGULATORY FRAMEWORK AND GUIDELINES 53

LIST OF FIGURES

FIGURE 1 NORTH AMERICA MINERAL OIL MARKET: SEGMENTATION 15
FIGURE 2 NORTH AMERICA MINERAL OIL MARKET: DATA TRIANGULATION 18
FIGURE 3 NORTH AMERICA MINERAL OIL MARKET: DROC ANALYSIS 19
FIGURE 4 NORTH AMERICA MINERAL OIL MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS 20
FIGURE 5 NORTH AMERICA MINERAL OIL MARKET: COMPANY RESEARCH ANALYSIS 20
FIGURE 6 NORTH AMERICA MINERAL OIL MARKET: INTERVIEW DEMOGRAPHICS 22
FIGURE 7 NORTH AMERICA MINERAL OIL MARKET: DBMR MARKET POSITION GRID 23
FIGURE 8 NORTH AMERICA MINERAL OIL MARKET: MARKET APPLICATION COVERAGE GRID 24
FIGURE 9 NORTH AMERICA MINERAL OIL MARKET: SEGMENTATION 27
FIGURE 10 RISING ADOPTION IN PHARMACEUTICAL MARKETS IS EXPECTED TO DRIVE THE NORTH AMERICA MINERAL OIL MARKET IN THE FORECAST PERIOD FROM 2023 TO 2030 28
FIGURE 11 PARAFFINIC OIL SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA MINERAL OIL MARKET IN 2023 AND 2030 28
FIGURE 12 VENDOR SELECTION CRITERIA 50
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF THE NORTH AMERICA MINERAL OIL MARKET 55
FIGURE 14 NORTH AMERICA MINERAL OIL MARKET: SNAPSHOT (2022) 63
FIGURE 15 NORTH AMERICA MINERAL OIL MARKET: BY COUNTRY (2022) 64
FIGURE 16 NORTH AMERICA MINERAL OIL MARKET: BY COUNTRY (2023 & 2030) 64
FIGURE 17 NORTH AMERICA MINERAL OIL MARKET: BY COUNTRY (2022 & 2030) 65
FIGURE 18 NORTH AMERICA MINERAL OIL MARKET: BY TYPE (2023 - 2030) 65
FIGURE 19 NORTH AMERICA MINERAL OIL MARKET: COMPANY SHARE 2022 (%) 66