Global Base Oil Market Forecast 2022-2030

The global base oil market is predicted to grow with a CAGR of 3.12% in terms of revenue and 3.65% in terms of volume over the forecast years of 2022 to 2030. The market's growth is facilitated by the diverse range of applications across different end-users, the rising demand for high-grade oils within the automotive industry, and stringent environmental legislation resulting in strict performance standards.

MARKET INSIGHTS

Base oil is a refined product of crude oil, primarily utilized to manufacture metal processing fluids, motor oil, lubricating greases, and others. Chemical substances like additives are added to base oils in order to meet the quality needs of end products. These include cleaning properties and friction, among others.

The use of advanced engine technology raises the need for high-grade automotive lubricants for the purpose of delivering compatibility to fast-moving parts as well as high temperatures within automobiles. The base oil selection significantly impacts the entire performance of finished lubricants, as well.

Moreover, the composition of base oil entails 10%-30% additives and 70%-90% base oil. High-performance engine oils are also capable of enduring extreme and rigorous conditions for stationary engines, light-duty trucks, passenger cars, and diesel trucks. As a result, the surging demand for high-grade engine oils is set to reinforce the market for base oil, globally.

REGIONAL INSIGHTS

The global base oil market growth analysis comprises the assessment of Europe, North America, Asia-Pacific, and Rest of World. The market in the Asia-Pacific is projected to rise with the highest CAGR of 3.54% and 4.07% in terms of revenue and volume, respectively, over the forecasting period. The regional market's growth is mainly accredited to the rising sales and production of automobiles in developing countries in order to increase the deployment and adoption of automotive lubricants derived from base oils.

COMPETITIVE INSIGHTS

The competitive rivalry in the global base oil market is intense and is expected to remain high during the forecast period. Some of the leading players operating in the market are Chevron Corporation, Saudi Aramco, Exxon Mobil Corporation, 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: 46727

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
7.2. EUROPE
- 7.2.1. MARKET SIZE & ESTIMATES
- 7.2.2. KEY GROWTH ENABLERS
- 7.2.3. KEY CHALLENGES
- 7.2.4. KEY PLAYERS
- 7.2.5. COUNTRY ANALYSIS
  - 7.2.5.1. UNITED KINGDOM
  - 7.2.5.2. GERMANY
  - 7.2.5.3. FRANCE
  - 7.2.5.4. SPAIN
  - 7.2.5.5. ITALY
  - 7.2.5.6. NORDIC COUNTRIES
  - 7.2.5.7. REST OF EUROPE
7.3. ASIA-PACIFIC
- 7.3.1. MARKET SIZE & ESTIMATES
- 7.3.2. KEY GROWTH ENABLERS
- 7.3.3. KEY CHALLENGES
- 7.3.4. KEY PLAYERS
- 7.3.5. COUNTRY ANALYSIS
  - 7.3.5.1. CHINA
  - 7.3.5.2. JAPAN
  - 7.3.5.3. INDIA
  - 7.3.5.4. SOUTH KOREA
  - 7.3.5.5. INDONESIA
  - 7.3.5.6. THAILAND
  - 7.3.5.7. MALAYSIA
  - 7.3.5.8. AUSTRALIA & NEW ZEALAND
  - 7.3.5.9. REST OF ASIA-PACIFIC
7.4. REST OF WORLD
- 7.4.1. MARKET SIZE & ESTIMATES
- 7.4.2. KEY GROWTH ENABLERS
- 7.4.3. KEY CHALLENGES
- 7.4.4. KEY PLAYERS
- 7.4.5. REGIONAL ANALYSIS
  - 7.4.5.1. LATIN AMERICA
  - 7.4.5.2. MIDDLE EAST & AFRICA

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: 46727

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - BASE OIL
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: GLOBAL BASE OIL MARKET, BY GROUP, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 4: GLOBAL BASE OIL MARKET, BY GROUP, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 5: GLOBAL BASE OIL MARKET, BY GROUP, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: GLOBAL BASE OIL MARKET, BY GROUP, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: GLOBAL GROUP I MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: GLOBAL GROUP I MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: GLOBAL GROUP II MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: GLOBAL GROUP II MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: GLOBAL GROUP III MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: GLOBAL GROUP III MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 13: GLOBAL GROUP IV MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: GLOBAL GROUP IV MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: GLOBAL GROUP V MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 16: GLOBAL GROUP V MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 17: GLOBAL BASE OIL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 18: GLOBAL BASE OIL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 19: GLOBAL BASE OIL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 20: GLOBAL BASE OIL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 21: GLOBAL AUTOMOTIVE OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 22: GLOBAL AUTOMOTIVE OIL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 23: GLOBAL INDUSTRIAL OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 24: GLOBAL INDUSTRIAL OIL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 25: GLOBAL METALWORKING FLUIDS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 26: GLOBAL METALWORKING FLUIDS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 27: GLOBAL GREASES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 28: GLOBAL GREASES MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 29: GLOBAL HYDRAULIC OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 30: GLOBAL HYDRAULIC OIL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 31: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 32: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 33: GLOBAL BASE OIL MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 34: GLOBAL BASE OIL MARKET, BY GEOGRAPHY, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 35: GLOBAL BASE OIL MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 36: GLOBAL BASE OIL MARKET, BY GEOGRAPHY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 37: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 38: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 39: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 40: NORTH AMERICA BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 41: LEADING PLAYERS OPERATING IN NORTH AMERICA BASE OIL MARKET
TABLE 42: EUROPE BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 43: EUROPE BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 44: EUROPE BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 45: EUROPE BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 46: LEADING PLAYERS OPERATING IN EUROPE BASE OIL MARKET
TABLE 47: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 48: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 49: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 50: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 51: LEADING PLAYERS OPERATING IN ASIA-PACIFIC BASE OIL MARKET
TABLE 52: REST OF WORLD BASE OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 53: REST OF WORLD BASE OIL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 54: REST OF WORLD BASE OIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 55: REST OF WORLD BASE OIL MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 56: LEADING PLAYERS OPERATING IN REST OF WORLD BASE OIL MARKET
TABLE 57: LIST OF MERGERS & ACQUISITIONS
TABLE 58: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 59: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 60: 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: GLOBAL BASE OIL MARKET, GROWTH POTENTIAL, BY GROUP, IN 2021
FIGURE 7: GLOBAL BASE OIL MARKET, BY GROUP I, 2022-2030 (IN $ MILLION)
FIGURE 8: GLOBAL BASE OIL MARKET, BY GROUP II, 2022-2030 (IN $ MILLION)
FIGURE 9: GLOBAL BASE OIL MARKET, BY GROUP III, 2022-2030 (IN $ MILLION)
FIGURE 10: GLOBAL BASE OIL MARKET, BY GROUP IV, 2022-2030 (IN $ MILLION)
FIGURE 11: GLOBAL BASE OIL MARKET, BY GROUP V, 2022-2030 (IN $ MILLION)
FIGURE 12: GLOBAL BASE OIL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 13: GLOBAL BASE OIL MARKET, BY AUTOMOTIVE OIL, 2022-2030 (IN $ MILLION)
FIGURE 14: GLOBAL BASE OIL MARKET, BY INDUSTRIAL OIL, 2022-2030 (IN $ MILLION)
FIGURE 15: GLOBAL BASE OIL MARKET, BY METALWORKING FLUIDS, 2022-2030 (IN $ MILLION)
FIGURE 16: GLOBAL BASE OIL MARKET, BY GREASES, 2022-2030 (IN $ MILLION)
FIGURE 17: GLOBAL BASE OIL MARKET, BY HYDRAULIC OIL, 2022-2030 (IN $ MILLION)
FIGURE 18: GLOBAL 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)
FIGURE 22: EUROPE BASE OIL MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 23: UNITED KINGDOM BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: GERMANY BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: FRANCE BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: SPAIN BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 27: ITALY BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: NORDIC COUNTRIES BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 29: REST OF EUROPE BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 30: ASIA-PACIFIC BASE OIL MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 31: CHINA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 32: JAPAN BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 33: INDIA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 34: SOUTH KOREA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 35: INDONESIA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 36: THAILAND BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: MALAYSIA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 38: AUSTRALIA & NEW ZEALAND BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 39: REST OF ASIA-PACIFIC BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 40: REST OF WORLD BASE OIL MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)
FIGURE 41: LATIN AMERICA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 42: MIDDLE EAST & AFRICA BASE OIL MARKET, 2022-2030 (IN $ MILLION)