Process Oil Market Anticipated to Value US$ 5,697.4 Million By 2025

Asia Pacific Projected to Dominate the Consumption of Process Oil
over the Forecast Period 2017 – 2025
In an extensive analysis of the global process oil market, Persistence
Market Research forecasts the global process oil market to reach a market
valuation of US$ 5,697.4 Mn by the end of 2025, up from an estimated
US$ 4,148.9 Mn in 2017, registering a CAGR of 4.1% over the forecast
period. Persistence Market Research presents the historical and current
market forecast of the global process oil market in a new report titled
“Process Oil Market: Global Industry Analysis (2012–2016) and Forecast
(2017–2025).” The report also throws light on the factors likely to impact
the market over the course of the forecast period.
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Global Process Oil Market: Dynamics
The global process oil market is expected to witness incremental $
opportunity of US$ 1,548.4 Mn between 2017 and 2025 and will be
mainly driven by the increasing automotive sector that eventually demands
rubber process oil for the manufacturing of rubber products such as tires
and vehicle interiors. Process oil being the basic raw material used in the
production of goods in the rubber processing industry, the demand in the
global market is anticipated to witness significant growth during the next
eight years. Process oil is also consumed in large quantities in the
polymers and paints and coatings industries. These sectors will drive
volume growth of the global process oil market in the foreseeable future.
Global Process Oil Market: Segmental Forecast
The global process oil market is segmented on the basis of Product Type
(Aromatic, Paraffinic, Naphthenic) and Application (Rubber Processing,
Adhesives & Sealants, Consumer Products, Paints & Coatings,
Pharmaceuticals, Polymers, Others).
A sample of this report is available upon request @
Global Process Oil Market: Regional Forecast
Persistence Market Research tracks the performance of the global process
oil market across the five key geographies of North America, Latin
America, Europe, Asia Pacific, and the Middle East & Africa. In terms of
value share, the Asia Pacific regional market will dominate the global
process oil market, estimated to hold about 43% market share by the end
of 2025. The APAC process oil market is estimated to be valued at US$
1,590.2 Mn in 2017 and this is expected to increase to US$ 2,450.7 Mn by
the end of 2025. This is reflective of a CAGR of 4.6% in terms of value
during the forecast period.
The report profiles some of the leading companies operating in the global
process oil market such as Behran Oil Co, Ergon Inc., San Joaquin
Refining Co., Inc., Chevron Corp, Meiwa Corporation, Exxon Mobil
Corporation, Nynas AB, Idemitsu Kosan Co., Ltd., Calumet Specialty
Products Partners, L.P., Total S.A., Hindustan Petroleum Corporation
Limited, Royal Dutch Shell plc., Petroliam Nasional Berhad
Oil AG, Savita Oil Technologies Ltd., Panama Petrochem Ltd, Apar
Industries Limited, and Raj Petro Specialties P. LTD.
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