New York, NY -- (SBWIRE) -- 05/28/2019 -- Process oils have become an essential part of many industries especially those in the technical and chemical sectors. Process oil has been widely used in industries such as tires and rubber, polymers, textiles, personal care products, adhesives, coatings, defoamers and others. In the rubber industry, process oil is used in the form of extender oils, which extend rubber and improves its processability. Within the polymer industry, process oils are used as plasticizing agents, catalyst carriers and mold release agents. In the manufacture of personal care products, process oils are used as a blending base. Within the textile industry, process oils are used as finishing agents.
The global market for process oils is projected to grow at a CAGR of 3.5% during the forecast period of 2017 through 2022. By 2022, total revenues are expected to reach nearly $6.0 billion an increase from $5.0 billion in 2017.
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Major Players in Process Oilsy Market are:
- APAR INDUSTRIES LTD
- AVISTA OIL AG
- BEHRAN OIL CO.
- CHEVRON CORP.
- CALUMET SPECIALTY PRODUCTS PARTNERS
- ERGON NORTH & SOUTH AMERICA
- EXXONMOBIL CHEMICAL CO.
- GAZPROM
- GP PETROLEUMS LTD
- HINDUSTAN PETROLEUM CORP. LTD.
- HOLLYFRONTIER LUBRICANTS AND SPECIALTY PRODUCTS
- IDEMITSU KOSAN CO. LTD.
- IRANOL CO
- JXTG NIPPON OIL & ENERGY CORP
- LANXESS PROCESS OIL
- NYNAS AB
- LUKOIL
- ORGKHIM BIOCHEMICAL HOLDING
- PANAMA PETROCHEM LTD
- PETRONAS LUBRICANTS BELGIUM NV
- PETROCHINA LUBRICANT CO
- PETROBRAS
- PHILLIPS 66 CO
- REPSOL SA
This report on Process oils Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
Some of the key findings from our Process oils Market forecast report:
This report gives an analysis of the historical data and trends to draw a forecast of the potential growth Process oils Market exhibits a potential for growth and technological advancement primarily in its uses in rubber industries and shall experience a stable growth in the next five years. The historical analysis suggest certain trends that the industry might experience and the prospects of growth during the forecasted years. This study also offers vital insights into the industry to provide the fields that are the most beneficial for investment and gives a competitive strategy that is most advantageous in the industry.
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Process Oils Market Breakdown by Type:
- Naphthenic Process Oils
- Paraffinic Process Oil
- Aromatic Process Oils
- Noncarcinogenic
Process Oils Market Breakdown by Industry Vertical:
- tires and rubber
- polymers
- personal care products
- textiles
- coatings
- defoamers
- adhesives
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Report Includes:
- 87 data tables and 67 additional tables
- An overview of the global markets and emerging opportunities for process oils
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Market overview segmented by type, application, and by region
- Description of the regulations and policies that affect the process oil market
- Insight into the factors influencing market growth, such as drivers, restraints, and opportunities
- Company profiles of major key players in the market, including Avista oil AG, Chevron Corp., ExxonMobil Chemical Co. Inc., Lanxess and Phillips 66
Key Points From Table of Contents:
Chapter 1 Introduction
Study Goals and Objectives
Scope of Report
Intended Audience
Research Methodology
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Definition of the Market
Classification of Process Oils
Paraffinic Process Oil
Naphthenic Process Oil
Aromatic Process Oil
Noncarcinogenic Process Oil
Selection of Process Oils
Process Oil Groups
Oil Compatibility
Oil Viscosity
Oil Thermal Stability
Oil Specific Gravity
Oil Pour Point
Oil Cost
Applications of Process Oils
Tires and Rubber
Polymers
Personal Care Products
Textiles
Others (Adhesive, Coatings, Defoamers)
Factors Influencing Market Growth
Continued…..
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