North America Base Oil Market Forecast 2022-2030

The North America base oil market is projected to grow with a CAGR of 2.10% in terms of revenue and 2.71% in terms of volume during the forecasting period of 2022 to 2030. The market growth of the region is influenced by the increasing production, demand, and consumption of petroleum, crude oil, base oil, and base oil products, the rise in strategic initiatives aimed at boosting base oil developments, as well as the presence of prominent industry leaders.

MARKET INSIGHTS

The North America base oil market growth analysis encompasses the assessment of Canada and the United States. The growth within the oil & gas extraction industry in Canada is one of the key factors propelling the growth of the country's base oil market. In this regard, as per Canada's national statistical office, the oil and gas extraction industry in the country witnessed significant growth in 2021, with the gross domestic product as well as exports reaching 95.4% and 102.5% of their corresponding levels respectively from 2020.

On the other hand, there have been notable developments by industry players operating within the Canada base oil market. The aspect is projected to have a positive influence on the demand for base oil in the country. For instance, in 2021, Petro-Canada Lubricants launched SENTRON SP 30. It is the first-of-its-kind stationary gas engine oil formulated for high brake mean effective pressure engines operating under high loads as well as low- and high-temperature conditions. Therefore, the abovementioned factors are anticipated to fuel the North America base oil market growth over the forecast years.

COMPETITIVE INSIGHTS

Eminent companies operating in the market include: Exxon Mobil Corporation, Chevron Corporation, Phillips 66 Company, etc.

Our report offerings include:

Explore key findings of the overall market

Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

Market Segmentation cater to a thorough assessment of key segments with their market estimations

Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 46715

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. INCREASING DEMAND FOR HIGH-GRADE OILS IN THE AUTOMOTIVE INDUSTRY
- 3.1.2. DIVERSE RANGE OF APPLICATIONS ACROSS DIFFERENT END-USERS
- 3.1.3. STRINGENT ENVIRONMENTAL LEGISLATION LEADING TO STRICT PERFORMANCE STANDARDS
3.2. KEY RESTRAINTS
- 3.2.1. VOLATILITY IN CRUDE OIL PRICES
- 3.2.2. DECLINING DEMAND FOR GROUP I BASE OIL

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON BASE OIL MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
- 4.6.1. TYPE
- 4.6.2. VISCOSITY GRADE
- 4.6.3. OIL STANDARDS
- 4.6.4. PERFORMANCE
4.7. REGULATORY FRAMEWORK

5. MARKET BY GROUP (IN TERMS OF VALUE: $ MILLION & VOLUME: KILOTONS)

5.1. GROUP I
5.2. GROUP II
5.3. GROUP III
5.4. GROUP IV
5.5. GROUP V

6. MARKET BY APPLICATION (IN TERMS OF VALUE: $ MILLION & VOLUME: KILOTONS)

6.1. AUTOMOTIVE OIL
6.2. INDUSTRIAL OIL
6.3. METALWORKING FLUIDS
6.4. GREASES
6.5. HYDRAULIC OIL
6.6. OTHER APPLICATIONS

7. GEOGRAPHICAL ANALYSIS (IN TERMS OF VALUE: $ MILLION & VOLUME: KILOTONS)

7.1. NORTH AMERICA
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. KEY GROWTH ENABLERS
- 7.1.3. KEY CHALLENGES
- 7.1.4. KEY PLAYERS
- 7.1.5. COUNTRY ANALYSIS
  - 7.1.5.1. UNITED STATES
  - 7.1.5.2. CANADA

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. MERGERS & ACQUISITIONS
- 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 8.1.3. PARTNERSHIPS & AGREEMENTS
- 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. AVISTA OIL AG
- 8.2.2. ERGON INC
- 8.2.3. EXXON MOBIL CORPORATION
- 8.2.4. GRUPA LOTOS
- 8.2.5. GS CALTEX CORPORATION
- 8.2.6. NESTE OYJ
- 8.2.7. NYNAS AB
- 8.2.8. PHILLIPS 66 COMPANY
- 8.2.9. PT PERTAMINA (PERSERO)
- 8.2.10. REPSOL SA
- 8.2.11. SAUDI ARAMCO
- 8.2.12. SEPAHAN OIL
- 8.2.13. SHELL PLC
- 8.2.14. S-OIL CORPORATION
- 8.2.15. THE CHEVRON CORPORATION

Product Code: 46715

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - BASE OIL
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: NORTH AMERICA BASE OIL MARKET, BY GROUP, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 4: NORTH AMERICA BASE OIL MARKET, BY GROUP, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 5: NORTH AMERICA BASE OIL MARKET, BY GROUP, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: NORTH AMERICA BASE OIL MARKET, BY GROUP, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: NORTH AMERICA BASE OIL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 8: NORTH AMERICA BASE OIL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 9: NORTH AMERICA BASE OIL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: NORTH AMERICA BASE OIL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 12: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 13: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: LEADING PLAYERS OPERATING IN NORTH AMERICA BASE OIL MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: NORTH AMERICA BASE OIL MARKET, GROWTH POTENTIAL, BY GROUP, IN 2021
FIGURE 7: NORTH AMERICA BASE OIL MARKET, BY GROUP I, 2022-2030 (IN $ MILLION)
FIGURE 8: NORTH AMERICA BASE OIL MARKET, BY GROUP II, 2022-2030 (IN $ MILLION)
FIGURE 9: NORTH AMERICA BASE OIL MARKET, BY GROUP III, 2022-2030 (IN $ MILLION)
FIGURE 10: NORTH AMERICA BASE OIL MARKET, BY GROUP IV, 2022-2030 (IN $ MILLION)
FIGURE 11: NORTH AMERICA BASE OIL MARKET, BY GROUP V, 2022-2030 (IN $ MILLION)
FIGURE 12: NORTH AMERICA BASE OIL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 13: NORTH AMERICA BASE OIL MARKET, BY AUTOMOTIVE OIL, 2022-2030 (IN $ MILLION)
FIGURE 14: NORTH AMERICA BASE OIL MARKET, BY INDUSTRIAL OIL, 2022-2030 (IN $ MILLION)
FIGURE 15: NORTH AMERICA BASE OIL MARKET, BY METALWORKING FLUIDS, 2022-2030 (IN $ MILLION)
FIGURE 16: NORTH AMERICA BASE OIL MARKET, BY GREASES, 2022-2030 (IN $ MILLION)
FIGURE 17: NORTH AMERICA BASE OIL MARKET, BY HYDRAULIC OIL, 2022-2030 (IN $ MILLION)
FIGURE 18: NORTH AMERICA BASE OIL MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)
FIGURE 19: NORTH AMERICA BASE OIL MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 20: UNITED STATES BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 21: CANADA BASE OIL MARKET, 2022-2030 (IN $ MILLION)