基礎油的全球市場:展望、預測 (2022-2027年)

全球基礎油的市場規模預計以5.12％的年複合成長率成長。生物為基礎潤滑油的需求擴大預計促進該市場的成長。

本報告提供全球基礎油的市場調查，市場概要，市場成長的各種影響因素分析，主要趨勢，市場規模的變化、預測，各種區分、各地區的詳細分析，競爭環境，主要企業簡介等彙整資訊。

目錄

第1章 調查手法

第2章 調查目的

第3章 調查流程

第4章 調查範圍

第5章 前提條件、註記

第6章 市場概要

第7章 簡介

• 概要
• 添加劑
• COVID-19影響
• M&A
• 產業的專家的洞察
• 法規、標準

第8章 市場機會、趨勢

第9章 市場成長的促進因素

第10章 市場成長的阻礙因素

第11章 市場形勢

• 市場概要
• 市場規模、預測
• 波特的五力分析
• 全球基礎油影響市場的宏觀經濟參數

第12章 基礎油群組的分析

• 市場概述、成長引擎
• 市場概要
• 群組I
• 群組II
• 群組III
• 群組IV
• 群組V
  • 市場概要
  • 市場規模、預測
  • 地區市場

第13章 終端用戶

• 市場概述、成長引擎
• 市場概要
• 汽車用油
• 工業用油
• 加工油
• 金屬加工油
• 潤滑脂
• 其他
  • 市場概要
  • 市場規模、預測
  • 地區市場

第14章 地區

• 市場概述、成長引擎
• 地區概要

第15章 北美

• 市場概要
• 市場規模、預測
• 各群組
• 各終端用戶
• 各主要國家

第16章 南美

• 市場概要
• 市場規模、預測
• 各群組
• 各終端用戶
• 各主要國家

第17章 中東、非洲

• 市場概要
• 市場規模、預測
• 各群組
• 各終端用戶
• 各主要國家

第18章 歐洲

• 市場概要
• 市場規模、預測
• 各群組
• 各終端用戶
• 各主要國家

第19章 亞太地區

• 市場概要
• 市場規模、預測
• 各群組
• 各終端用戶
• 各主要國家

第20章 競爭情形

第21章 主要企業的簡介

• EXXON MOBIL CORPORATION
• CHEVRON CORPORATION
• PETRO-CANADA LUBRICANTS
• SAUDI ARABIAN OIL CO.
• PHILLIPS 66

第22章 其他有力供應商

• ASIAN OIL COMPANY
• HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
• NESTE
• AVISTA OIL DEUTSCHLAND GMBH
• SEPAHAN OIL COMPANY
• GS CALTEX CORPORATION
• PBF ENERGY
• HOLLYFRONTIER CORPORATION
• ABU DHABI NATIONAL OIL COMPANY
• ERGON
• SBZ CORPORATION
• PETROYAG
• ISHTAR COMPANY
• YUNITCO
• SAN JOAQUIN CORPORATION, CO. LTD
• GRUPA LOTOS S.A.
• MOL GROUP
• VERTEX ENERGY INC

第23章 報告概要

第24章 定量的摘要

第25章 地區

• 北美
• 歐洲
• 亞太地區
• 南美
• 中東、非洲

第26章 附錄

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Base Oil Market Report

The report considers the present scenario of the base oil market and its market dynamics for the period 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.

The global base oil market is expected to grow at a CAGR of 5.12%.

KEY HIGHLIGHTS

• One of the major changes happening in the global base oil market is the shift from group I base oils to group II & group III base oils. Factors such as the stringent regulatory standards, circular economy, and high demand for high-quality lubricants are driving this change
• Presently, the group II base oil segment dominates the market as group II base oils have low levels of sulfur and aromatics, which is effective to meet vehicle emission standards, high demand for lubricants with low volatility, and improve fuel economy
• The automotive oil segment is a dominating end-use segment as it consumes the major chunk of base oil
• The rise in demand for lightweight vehicles in the developing and developed regions presents lucrative market growth opportunities for vendors of automotive oil

MARKET OPPORTUNITIES AND TRENDS

• High Demand from Automotive Oil Segment
• Rising Demand for Group II& Group III Base Oils

MARKET GROWTH ENABLERS

• Growing Demand for Bio-Based Lubricants

MARKET RESTRAINTS

• High Demand for Electric Vehicles

GLOBAL BASE OIL MARKET SEGMENTATION

Group II base oils is expected to be the largest segment in the base oil market. Group II base oils are more refined base oil than group I. These oils have clear color and better antioxidant properties than group I base oil owing to the saturated nature of their hydrocarbon molecules. However, group II base oils are more expensive than Group I. These base oils are primarily used in the textile industry, cutting oils, in the formulation of lubricants for turbines, heat pumps, exchangers, and engines owing to their impressive properties of wear & tear resistance, low friction, and better load-bearing capacity.

Automotive or engine oil is the largest segment amongst others in the base oil market. The main function of automotive oil is to reduce friction and wear & tear of the automotive engine and to clean the engine from sludge, and detergents. Earlier, group 1 base oil was used in automotive oil. Presently, group II and group III base oil are being highly preferred for manufacturing base oil driven by the emission regulation standard, increasing demand for low viscosity, low volatility lubricants, and increasing demand for better fuel economy is fuelling the demand for premium base oil.

There is a growing demand for automotive oil in Europe, APAC, and North America which is driving the demand for base oil. At the same time, the APAC market is also experiencing an escalating demand.

Market Segmentation by Group

• Group I
• Group II
• Group III
• Group IV
• Group V

Market Segmentation by End-User

• Automotive Oil
• Industrial Oil
• Process Oil
• Metalworking Fluids
• Greases
• Others

GEOGRAPHICAL ANALYSIS

APAC is the largest market for base oil during the forecast period. Owing to the rapid urbanization, rising disposable income, and growing industrialization in the field of automotive, food processing, cosmetics, textile, and other manufacturing sectors are creating a demand for base oil in APAC. China is the leading base oil market in APAC during the forecast period. This can be attributed to the increasing demand from the automotive & transportation sector, increasing mining activities, manufacturing & machinery sector is also supporting the strong growth of the base oil market in the country Additionally, the availability of low-cost labor and the raw material is further fuelling the market.

Market Segmentation by Geography

• North America
  • US
  • Canada
• Europe
  • Germany
  • Russia
  • France
  • Spain
  • UK
• APAC
  • China
  • Japan
  • India
  • Indonesia
  • South Korea
• Latin America
  • Mexico
  • Brazil
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Iran

COMPETITIVE LANDSCAPE

The demand for base oil products is highly dependent on the consumption of industrial lubricants in the market, including hydraulic oils, metalworking fluid, industrial gear oils, turbine oils, and compressor lubricants. These lubricants are used across various industries, such as construction, power, railways, metals and mining, iron and steel, chemicals, cement, oil and gas, and general manufacturing. During the COVID-19 outbreak, these industries were severely impacted due to the temporary halt in production, the slowdown in logistics, low labor force participation, and a decline in demand.

The base oil market is competitive with the presence of well-diversified global and regional manufacturers. Industry participants are continuously focusing on various operational strategies that are likely to gain them an edge in the competitive market space.

The key players have undertaken various strategies to grow in the base oil market. Strategies such as joint ventures, mergers & acquisitions, and others to expand in the market and further reach their customers to fulfill requirements.

PROMINENT VENDORS

• Exxon Mobil Corporation
• Chevron Corporation
• Petro-Canada Lubricants
• Saudi Arabian Oil Co.
• Philips 666

OTHER PROMINENT VENDORS

• Asian Oil Company
• Hindustan Petroleum Corporation (HPCL
• Neste
• Avista Oil Deutschland Gmbh
• Sepahan Oil Company
• GS Caltex Corporation
• PBF Energy
• HollyFrontier Corporation
• Abu Dhabi National Oil Company
• Ergon
• SBZ Corporation
• Petroyag
• Ishtar Company
• Yunitco
• San Joaquin Corporation, Co. Ltd
• Grupa Lotos S.A
• Mol Group
• Vertex Energy Inc

THE REPORT INCLUDES

• 1. The analysis of the Global Base Oil Market provides market size and growth rate for the forecast period 2022-2027.
• 2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the Global Base Oil Market.
• 3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
• 4. It offers a complete overview of market segments and the regional outlook of the Base Oil Market.
• 5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.

TABLE OF CONTENTS

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

• 4.1 MARKET DEFINITION
  • 4.1.1 INCLUSIONS
  • 4.1.2 EXCLUSIONS
  • 4.1.3 MARKET ESTIMATION CAVEATS
• 4.2 BASE YEAR
• 4.3 SCOPE OF THE STUDY
  • 4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

• 5.1 KEY CAVEATS
• 5.2 CURRENCY CONVERSION
• 5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 INTRODUCTION

• 7.1 OVERVIEW
• 7.2 ADDITIVES
  • 7.2.1 ANTI-WEAR ADDITIVES
  • 7.2.2 FRICTION MODIFIER
  • 7.2.3 DETERGENTS
  • 7.2.4 DISPERSANTS
  • 7.2.5 ANTI-FOAMING AGENTS
  • 7.2.6 POUR POINT DISPERSANTS
  • 7.2.7 EXTREME PRESSURE (EP) ADDITIVES
  • 7.2.8 RUST AND CORROSION INHIBITORS
  • 7.2.9 ANTI-OXIDANTS
• 7.3 IMPACT OF COVID-19
• 7.4 MERGERS & ACQUISITIONS
• 7.5 INDUSTRY EXPERT INSIGHTS
• 7.6 REGULATIONS & STANDARDS
  • 7.6.1 US
  • 7.6.2 EUROPE
  • 7.6.3 CANADA
  • 7.6.4 CHINA
  • 7.6.5 INDIA

8 MARKET OPPORTUNITIES & TRENDS

• 8.1 HIGH DEMAND FROM AUTOMOTIVE OIL SEGMENT
• 8.2 RISING DEMAND FOR GROUP II & GROUP III BASE OILS
• 8.3 GROWING IMPORTANCE OF RE-REFINING BASE OILS

9 MARKET GROWTH ENABLERS

• 9.1 GROWING DEMAND FOR BIO-BASED LUBRICANTS
• 9.2 RAPID SURGE IN INDUSTRIALIZATION

10 MARKET RESTRAINTS

• 10.1 DECLINING DEMAND FOR GROUP I BASE OILS
• 10.2 HIGH DEMAND FOR ELECTRIC VEHICLES

11 MARKET LANDSCAPE

• 11.1 MARKET OVERVIEW
• 11.2 MARKET SIZE & FORECAST
  • 11.2.1 VALUE & VOLUME
• 11.3 FIVE FORCES ANALYSIS
  • 11.3.1 THREAT OF NEW ENTRANTS
  • 11.3.2 BARGAINING POWER OF SUPPLIERS
  • 11.3.3 BARGAINING POWER OF BUYERS
  • 11.3.4 THREAT OF SUBSTITUTES
  • 11.3.5 COMPETITIVE RIVALRY
• 11.4 MACROECONOMIC PARAMETERS AFFECTING GLOBAL BASE OIL MARKET
  • 11.4.1 OIL & GAS INDUSTRY
  • 11.4.2 POWER INDUSTRY
  • 11.4.3 AUTOMOTIVE INDUSTRY
  • 11.4.4 CONCLUSION:

12 BASE OIL GROUP ANALYSIS

• 12.1 MARKET SNAPSHOT & GROWTH ENGINE
• 12.2 MARKET OVERVIEW
• 12.3 GROUP I
  • 12.3.1 MARKET OVERVIEW
  • 12.3.2 MARKET SIZE & FORECAST
  • 12.3.3 MARKET BY GEOGRAPHY
• 12.4 GROUP II
  • 12.4.1 MARKET OVERVIEW
  • 12.4.2 MARKET SIZE & FORECAST
  • 12.4.3 MARKET BY GEOGRAPHY
• 12.5 GROUP III
  • 12.5.1 MARKET OVERVIEW
  • 12.5.2 MARKET SIZE & FORECAST
  • 12.5.3 MARKET BY GEOGRAPHY
• 12.6 GROUP IV
  • 12.6.1 MARKET OVERVIEW
  • 12.6.2 MARKET SIZE & FORECAST
  • 12.6.3 MARKET BY GEOGRAPHY
• 12.7 GROUP V
  • 12.7.1 MARKET OVERVIEW
  • 12.7.2 MARKET SIZE & FORECAST
  • 12.7.3 MARKET BY GEOGRAPHY

13 END USER

• 13.1 MARKET SNAPSHOT & GROWTH ENGINE
• 13.2 MARKET OVERVIEW
• 13.3 AUTOMOTIVE OIL
  • 13.3.1 MARKET OVERVIEW
  • 13.3.2 MARKET SIZE & FORECAST
  • 13.3.3 MARKET BY GEOGRAPHY
• 13.4 INDUSTRIAL OIL
  • 13.4.1 MARKET OVERVIEW
  • 13.4.2 MARKET SIZE & FORECAST
  • 13.4.3 MARKET BY GEOGRAPHY
• 13.5 PROCESS OIL
  • 13.5.1 MARKET OVERVIEW
  • 13.5.2 MARKET SIZE & FORECAST
  • 13.5.3 MARKET BY GEOGRAPHY
• 13.6 METALWORKING FLUID
  • 13.6.1 MARKET OVERVIEW
  • 13.6.2 MARKET SIZE & FORECAST
  • 13.6.3 MARKET BY GEOGRAPHY
• 13.7 GREASE
  • 13.7.1 MARKET OVERVIEW
  • 13.7.2 MARKET SIZE & FORECAST
  • 13.7.3 MARKET BY GEOGRAPHY
• 13.8 OTHERS
  • 13.8.1 MARKET OVERVIEW
  • 13.8.2 MARKET SIZE & FORECAST
  • 13.8.3 MARKET BY GEOGRAPHY

14 GEOGRAPHY

• 14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
• 14.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
• 14.3 GEOGRAPHIC OVERVIEW

15 NORTH AMERICA

• 15.1 MARKET OVERVIEW
• 15.2 MARKET SIZE & FORECAST
  • 15.2.1 BY VALUE
  • 15.2.2 BY VOLUME
• 15.3 GROUP
  • 15.3.1 MARKET SIZE & FORECAST
• 15.4 END USER
  • 15.4.1 MARKET SIZE & FORECAST
• 15.5 KEY COUNTRIES
  • 15.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
  • 15.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
• 15.6 US
  • 15.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 15.7 CANADA
  • 15.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

16 LATIN AMERICA

• 16.1 MARKET OVERVIEW
• 16.2 MARKET SIZE & FORECAST
  • 16.2.1 BY VALUE
  • 16.2.2 BY VOLUME
• 16.3 GROUP
  • 16.3.1 MARKET SIZE & FORECAST
• 16.4 END USER
  • 16.4.1 MARKET SIZE & FORECAST
• 16.5 KEY COUNTRIES
  • 16.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
  • 16.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
• 16.6 BRAZIL
  • 16.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 16.7 MEXICO
  • 16.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

17 MIDDLE EAST & AFRICA

• 17.1 MARKET OVERVIEW
• 17.2 MARKET SIZE & FORECAST
  • 17.2.1 BY VALUE
  • 17.2.2 BY VOLUME
• 17.3 GROUP
  • 17.3.1 MARKET SIZE & FORECAST
• 17.4 END USER
  • 17.4.1 MARKET SIZE & FORECAST
• 17.5 KEY COUNTRIES
  • 17.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
  • 17.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
• 17.6 SAUDI ARABIA
  • 17.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 17.7 UAE
  • 17.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 17.8 IRAN
  • 17.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

18 EUROPE

• 18.1 MARKET OVERVIEW
• 18.2 MARKET SIZE & FORECAST
  • 18.2.1 BY VALUE
  • 18.2.2 BY VOLUME
• 18.3 GROUP
  • 18.3.1 MARKET SIZE & FORECAST
• 18.4 END USER
  • 18.4.1 MARKET SIZE & FORECAST
• 18.5 KEY COUNTRIES
  • 18.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
  • 18.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
• 18.6 GERMANY
  • 18.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 18.7 RUSSIA
  • 18.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 18.8 FRANCE
  • 18.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 18.9 SPAIN
  • 18.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 18.10 UK

MARKET SIZE & FORECAST (VALUE & VOLUME)

19 APAC

• 19.1 MARKET OVERVIEW
• 19.2 MARKET SIZE & FORECAST
  • 19.2.1 BY VALUE
  • 19.2.2 BY VOLUME
• 19.3 GROUP
  • 19.3.1 MARKET SIZE & FORECAST
• 19.4 END USER
  • 19.4.1 MARKET SIZE & FORECAST
• 19.5 KEY COUNTRIES
  • 19.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
  • 19.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
• 19.6 CHINA
  • 19.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 19.7 INDIA
  • 19.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 19.8 JAPAN
  • 19.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 19.9 INDONESIA
  • 19.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
• 19.10 SOUTH KOREA
  • 19.10.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

20 COMPETITIVE LANDSCAPE

• 20.1 COMPETITION OVERVIEW

21 KEY COMPANY PROFILES

• 21.1 EXXON MOBIL CORPORATION
  • 21.1.1 BUSINESS OVERVIEW
  • 21.1.2 EXXON MOBIL CORPORATION IN BASE OIL
  • 21.1.3 PRODUCT OFFERINGS
  • 21.1.4 KEY STRATEGIES
  • 21.1.5 KEY STRENGTHS
  • 21.1.6 KEY OPPORTUNITIES
• 21.2 CHEVRON CORPORATION
  • 21.2.1 BUSINESS OVERVIEW
  • 21.2.2 CHEVRON CORPORATION IN BASE OIL MARKET
  • 21.2.3 PRODUCT OFFERINGS
  • 21.2.4 KEY STRATEGIES
  • 21.2.5 KEY STRENGTHS
  • 21.2.6 KEY OPPORTUNITIES
• 21.3 PETRO-CANADA LUBRICANTS
  • 21.3.1 BUSINESS OVERVIEW
  • 21.3.2 PRODUCT OFFERINGS
  • 21.3.3 KEY STRATEGIES
  • 21.3.4 KEY STRENGTHS
  • 21.3.5 KEY OPPORTUNITIES
• 21.4 SAUDI ARABIAN OIL CO.
  • 21.4.1 BUSINESS OVERVIEW
  • 21.4.2 SAUDI ARABIAN OIL CO. IN BASE OIL MARKET
  • 21.4.3 PRODUCT OFFERINGS
  • 21.4.4 KEY STRATEGIES
  • 21.4.5 KEY STRENGTHS
  • 21.4.6 KEY OPPORTUNITIES
• 21.5 PHILLIPS 66
  • 21.5.1 BUSINESS OVERVIEW
  • 21.5.2 PRODUCT OFFERINGS
  • 21.5.3 KEY STRATEGIES
  • 21.5.4 KEY STRENGTHS
  • 21.5.5 KEY OPPORTUNITIES

22 OTHER PROMINENT VENDORS

• 22.1 ASIAN OIL COMPANY
  • 22.1.1 BUSINESS OVERVIEW
  • 22.1.2 PRODUCT OFFERINGS
• 22.2 HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL)
  • 22.2.1 BUSINESS OVERVIEW
  • 22.2.2 PRODUCT OFFERINGS
• 22.3 NESTE
  • 22.3.1 BUSINESS OVERVIEW
  • 22.3.2 PRODUCT OFFERINGS
• 22.4 AVISTA OIL DEUTSCHLAND GMBH
  • 22.4.1 BUSINESS OVERVIEW
  • 22.4.2 PRODUCT OFFERINGS
• 22.5 SEPAHAN OIL COMPANY
  • 22.5.1 BUSINESS OVERVIEW
  • 22.5.2 PRODUCT OFFERINGS
• 22.6 GS CALTEX CORPORATION
  • 22.6.1 BUSINESS OVERVIEW
  • 22.6.2 PRODUCT OFFERINGS
• 22.7 PBF ENERGY
  • 22.7.1 BUSINESS OVERVIEW
  • 22.7.2 PRODUCT OFFERINGS
• 22.8 HOLLYFRONTIER CORPORATION
  • 22.8.1 BUSINESS OVERVIEW
  • 22.8.2 PRODUCT OFFERINGS
• 22.9 ABU DHABI NATIONAL OIL COMPANY
  • 22.9.1 BUSINESS OVERVIEW
  • 22.9.2 PRODUCT OFFERINGS
• 22.10 ERGON
  • 22.10.1 BUSINESS OVERVIEW
  • 22.10.2 PRODUCT OFFERINGS
• 22.11 SBZ CORPORATION
  • 22.11.1 BUSINESS OVERVIEW
  • 22.11.2 PRODUCT OFFERINGS
• 22.12 PETROYAG
  • 22.12.1 BUSINESS OVERVIEW
  • 22.12.2 PRODUCT OFFERINGS
• 22.13 ISHTAR COMPANY
  • 22.13.1 BUSINESS OVERVIEW
  • 22.13.2 PRODUCT OFFERINGS
• 22.14 YUNITCO
  • 22.14.1 BUSINESS OVERVIEW
  • 22.14.2 PRODUCT OFFERINGS IN
• 22.15 SAN JOAQUIN CORPORATION, CO. LTD
  • 22.15.1 BUSINESS OVERVIEW
  • 22.15.2 PRODUCT OFFERINGS
• 22.16 GRUPA LOTOS S.A.
  • 22.16.1 BUSINESS OVERVIEW
  • 22.16.2 PRODUCT OFFERINGS
• 22.17 MOL GROUP
  • 22.17.1 BUSINESS OVERVIEW
  • 22.17.2 PRODUCT OFFERINGS
• 22.18 VERTEX ENERGY INC
  • 22.18.1 BUSINESS OVERVIEW
  • 22.18.2 PRODUCT OFFERINGS

23 REPORT SUMMARY

• 23.1 KEY TAKEAWAYS
• 23.2 STRATEGIC RECOMMENDATIONS

24 QUANTITATIVE SUMMARY

• 24.1 MARKET BY GROUP
  • 24.1.1 GROUP I
  • 24.1.2 GROUP II
  • 24.1.3 GROUP III
  • 24.1.4 GROUP IV
  • 24.1.5 GROUP V
• 24.2 MARKET BY END USER
  • 24.2.1 AUTOMOTIVE OIL
  • 24.2.2 INDUSTRIAL OIL
  • 24.2.3 PROCESS OIL
  • 24.2.4 METALWORKING FLUID
  • 24.2.5 GREASE
  • 24.2.6 OTHERS

25 GEOGRAPHY

• 25.1 NORTH AMERICA
  • 25.1.1 GROUP
  • 25.1.2 END USER
• 25.2 EUROPE
  • 25.2.1 GROUP
  • 25.2.2 END USER
• 25.3 APAC
  • 25.3.1 GROUP
  • 25.3.2 END USER
• 25.4 LATIN AMERICA
  • 25.4.1 GROUP
  • 25.4.2 END USER
• 25.5 MIDDLE EAST & AFRICA
  • 25.5.1 GROUP
  • 25.5.2 END USER

26 APPENDIX

• 26.1 ABBREVIATIONS

LIST OF EXHIBITS

EXHIBIT 1 SEGMENTATION OF GLOBAL BASE OIL MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021

EXHIBIT 3 OVERVIEW OF GLOBAL BASE OIL MARKET

EXHIBIT 4 OVERVIEW OF GLOBAL BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 5 MAIN COMPONENTS OF LUBRICANTS

EXHIBIT 6 KEY MARKETS FOR BASE OIL THAT SHOWED SLOW RESILIENCE DURING COVID-19 OUTBREAK

EXHIBIT 7 KEY MARKETS FOR BASE OIL THAT SHOWED HIGH RESILIENCE DURING COVID-19 OUTBREAK

EXHIBIT 8 MERGERS & ACQUISITIONS IN GLOBAL BASE OIL MARKET

EXHIBIT 9 INDUSTRY EXPERT INSIGHTS ON GLOBAL BASE OIL MARKET

EXHIBIT 10 CURRENT ENGINE OIL STANDARDS

EXHIBIT 11 IMPACT OF HIGH DEMAND FROM AUTOMOTIVE OIL SEGMENT

EXHIBIT 12 BENEFITS OF MODERN ENGINE OIL

EXHIBIT 13 GLOBAL VEHICLE PRODUCTION 2010-2020 (THOUSAND UNITS)

EXHIBIT 14 IMPACT OF RISING DEMAND FOR GROUP II & GROUP III BASE OILS

EXHIBIT 15 IMPACT OF GROWING IMPORTANCE OF RE-REFINING BASE OILS

EXHIBIT 16 BENEFITS OF AND NEED FOR RE-REFINING BASE OILS

EXHIBIT 17 IMPACT OF GROWING DEMAND FOR BIO-BASED LUBRICANTS

EXHIBIT 18 IMPACT OF RAPID SURGE IN INDUSTRIALIZATION

EXHIBIT 19 IMPACT OF DECLINING DEMAND FOR GROUP I BASE OILS

EXHIBIT 20 TRENDS IN GROUP I BASE STOCK DEMAND 2007-2023 (METRIC TONNE/YEAR)

EXHIBIT 21 IMPACT OF HIGH DEMAND FOR ELECTRIC VEHICLES

EXHIBIT 22 GLOBAL BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 23 GLOBAL BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 24 FIVE FORCES ANALYSIS 2021

EXHIBIT 25 INCREMENTAL GROWTH BY SEGMENT 2021 & 2027

EXHIBIT 26 CLASSIFICATION OF GLOBAL BASE OIL MARKET BY GROUP

EXHIBIT 27 GROWTH MOMENTUM OUTLOOK FOR GLOBAL BASE OIL MARKET 2021-2027

EXHIBIT 28 INCREMENTAL GROWTH BY END USER 2021-2027 ($ BILLION)

EXHIBIT 29 CAGR COMPARISON OF GLOBAL BASE OIL MARKET BY GROUP 2021-2027

EXHIBIT 30 BENEFITS OF IMO 2020 REGULATION

EXHIBIT 31 GLOBAL GROUP I BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 32 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

EXHIBIT 33 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

EXHIBIT 34 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

EXHIBIT 35 EXAMPLES OF GROUP V BASE OIL

EXHIBIT 36 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

EXHIBIT 37 INCREMENTAL GROWTH BY SEGMENT 2021 & 2027

EXHIBIT 38 CLASSIFICATION OF GLOBAL BASE OIL MARKET BY END USER

EXHIBIT 39 GROWTH MOMENTUM OUTLOOK FOR GLOBAL BASE OIL MARKET 2021-2027

EXHIBIT 40 GLOBAL BASE OIL MARKET BY END USER 2027 (% SHARE)

EXHIBIT 41 GLOBAL AUTOMOTIVE BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 42 GLOBAL INDUSTRIAL BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 43 GLOBAL PROCESS BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 44 GLOBAL METALWORKING FLUID BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 45 GLOBAL GREASE BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 46 GLOBAL OTHERS BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 47 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027 (VALUE)

EXHIBIT 48 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027 (VOLUME)

EXHIBIT 49 MARKET DYNAMICS OF GLOBAL BASE OIL MARKET 2021-2027

EXHIBIT 50 GROWTH DRIVERS FOR NORTH AMERICA BASE OIL MARKET

EXHIBIT 51 PASSENGER VEHICLE PRODUCTION IN NORTH AMERICA 2005-2020

EXHIBIT 52 OVERVIEW OF NORTH AMERICA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 53 NORTH AMERICA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 54 NORTH AMERICA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 55 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027 (VALUE)

EXHIBIT 56 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027 (VOLUME)

EXHIBIT 57 US BASE OIL PRODUCTION 2015-2020 (1,000 BARRELS, JANUARY-JUNE)

EXHIBIT 58 US BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 59 US BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 60 CANADA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 61 CANADA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 62 OVERVIEW OF LATIN AMERICA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 63 LATIN AMERICA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 64 LATIN AMERICA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 65 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027 (VALUE)

EXHIBIT 66 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027 (VOLUME)

EXHIBIT 67 BRAZIL BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 68 BRAZIL BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 69 MEXICO BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 70 MEXICO BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 71 OVERVIEW OF MIDDLE EAST & AFRICA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 72 MIDDLE EAST & AFRICA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 73 MIDDLE EAST & AFRICA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 74 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2021 & 2027 (VALUE)

EXHIBIT 75 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2021 & 2027 (VOLUME)

EXHIBIT 76 SAUDI ARABIA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 77 SAUDI ARABIA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 78 UAE BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 79 UAE BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 80 IRAN BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 81 IRAN BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 82 OVERVIEW OF EUROPE BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 83 EUROPE BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 84 EUROPE BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 85 INCREMENTAL GROWTH IN EUROPE 2021 & 2027 (VALUE)

EXHIBIT 86 INCREMENTAL GROWTH IN EUROPE 2021 & 2027 (VOLUME)

EXHIBIT 87 GERMANY BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 88 GERMANY BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 89 RUSSIA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 90 RUSSIA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 91 FRANCE BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 92 FRANCE BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 93 SPAIN BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 94 SPAIN BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 95 UK BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 96 UK BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 97 OVERVIEW OF APAC BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 98 APAC BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 99 APAC BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 100 INCREMENTAL GROWTH IN APAC 2021 & 2027 (VALUE)

EXHIBIT 101 INCREMENTAL GROWTH IN APAC 2021 & 2027 (VOLUME)

EXHIBIT 102 CHINA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 103 CHINA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 104 INDIA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 105 INDIA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 106 PRODUCTION OF MOTOR VEHICLES (CARS & TRUCK) 2015-2019

EXHIBIT 107 JAPAN BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 108 JAPAN BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 109 INDONESIA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 110 INDONESIA BASE OIL MARKET 2021-2027 (KILOTONS)

EXHIBIT 111 SOUTH KOREA BASE OIL MARKET 2021-2027 ($ BILLION)

EXHIBIT 112 SOUTH KOREA BASE OIL MARKET 2021-2027 (KILOTONS)

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2015-2021

TABLE 3 CHINA VEHICLE PRODUCTION IN DECEMBER 2021

TABLE 4 VALUE ADDED BY VARIOUS INDUSTRIES ($ MILLION)

TABLE 5 OIL PRODUCTION IN COUNTRIES WORLDWIDE 2018-2020 (MILLION TONNES)

TABLE 6 POWER GENERATION IN SELECTED COUNTRIES 2018-2020 (TERAWATT-HOURS)

TABLE 7 GLOBAL AUTOMOTIVE PRODUCTION Q1-Q3 2019-2021 (UNITS)

TABLE 8 CLASSIFICATION OF BASE OILS ACCORDING TO API (AMERICAN PETROLEUM INSTITUTE)

TABLE 9 COMPARISON OF BASE OIL CATEGORIES

TABLE 10 GROUP I BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 11 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 12 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 13 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 14 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 15 GLOBAL AUTOMOTIVE BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 16 GLOBAL INDUSTRIAL BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 17 GLOBAL PROCESS BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 18 GLOBAL METALWORKING FLUID BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 19 GLOBAL GREASE BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 20 GLOBAL OTHER BASE OILS MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 21 NORTH AMERICA BASE OIL MARKET BY GROUP TYPE 2021-2027 ($ BILLION)

TABLE 22 NORTH AMERICA BASE OIL MARKET BY END USER 2021-2027 ($ BILLION)

TABLE 23 LATIN AMERICA BASE OIL MARKET BY GROUP TYPE 2021-2027 ($ BILLION)

TABLE 24 LATIN AMERICA BASE OIL MARKET BY END USER 2021-2027 ($ BILLION)

TABLE 25 MIDDLE EAST & AFRICA BASE OIL BY GROUP TYPE 2021-2027 ($ BILLION)

TABLE 26 MIDDLE EAST & AFRICA BASE OIL MARKET BY END USER 2021-2027 ($ BILLION)

TABLE 27 EUROPE BASE OIL MARKET BY GROUP TYPE 2021-2027 ($ BILLION)

TABLE 28 EUROPE BASE OIL MARKET BY END USER 2021-2027 ($ BILLION)

TABLE 29 APAC BASE OIL BY GROUP TYPE 2021-2027 ($ BILLION)

TABLE 30 APAC BASE OIL MARKET BY END USER 2021-2027 ($ BILLION)

TABLE 31 EXXON MOBIL CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 32 CHEVRON CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 33 PETRO-CANADA LUBRICANTS: MAJOR PRODUCT OFFERINGS

TABLE 34 SAUDI ARABIAN OIL CO.: MAJOR PRODUCT OFFERINGS

TABLE 35 PHILLIPS 66: MAJOR PRODUCT OFFERINGS

TABLE 36 ASIAN OIL COMPANY: MAJOR PRODUCT OFFERINGS

TABLE 37 HINDUSTAN PETROLEUM CORPORATION (HPCL): MAJOR PRODUCT OFFERINGS

TABLE 38 NESTE: MAJOR PRODUCT OFFERINGS

TABLE 39 AVISTA OIL DEUTSCHLAND GMBH: MAJOR PRODUCT OFFERINGS

TABLE 40 SEPAHAN OIL COMPANY: MAJOR PRODUCT OFFERINGS

TABLE 41 GS CALTEX CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 42 PBF ENERGY: MAJOR PRODUCT OFFERINGS

TABLE 43 HOLLYFRONTIER CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 44 ABU DHABI NATIONAL OIL COMPANY: MAJOR PRODUCT OFFERINGS

TABLE 45 ERGON: MAJOR PRODUCT OFFERINGS

TABLE 46 SBZ CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 47 PETROYAG: MAJOR PRODUCT OFFERINGS

TABLE 48 ISHTAR COMPANY: MAJOR PRODUCT OFFERINGS

TABLE 49 YUNITCO: MAJOR PRODUCT OFFERINGS

TABLE 50 SAN JOAQUIN CORPORATION, CO. LTD: MAJOR PRODUCT OFFERINGS

TABLE 51 GRUPA LOTOS SA: MAJOR PRODUCT OFFERINGS

TABLE 52 MOL GROUP: MAJOR PRODUCT OFFERINGS

TABLE 53 VERTEX ENERGY INC: MAJOR PRODUCT OFFERINGS

TABLE 54 GLOBAL GROUP I BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 55 GLOBAL GROUP I BASE OIL MARKET BY GEOGRAPHY 2021-2027 (%)

TABLE 56 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 57 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 58 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 59 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 60 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 61 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 62 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 63 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 64 GLOBAL AUTOMOTIVE BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 65 GLOBAL AUTOMOTIVE BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 66 GLOBAL INDUSTRIAL BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 67 GLOBAL INDUSTRIAL BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 68 GLOBAL PROCESS BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 69 GLOBAL PROCESS BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 70 GLOBAL METALWORKING FLUID BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 71 GLOBAL METALWORKING FLUID BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 72 GLOBAL GREASE BASE OIL MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 73 GLOBAL GREASE BASE OIL MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 74 GLOBAL OTHER BASE OILS MARKET BY GEOGRAPHY 2021-2027 ($ BILLION)

TABLE 75 GLOBAL OTHER BASE OILS MARKET BY GEOGRAPHY 2021-2027 (% SHARE)

TABLE 76 NORTH AMERICA BASE OIL MARKET BY GROUP 2021-2027 ($ BILLION)

TABLE 77 NORTH AMERICA BASE OIL MARKET BY END USER 2021-2027 ($ BILLION)

TABLE 78 EUROPE BASE OIL MARKET BY GROUP 2021-2027 ($ BILLION)

TABLE 79 EUROPE BASE OIL BY END USER 2021-2027 ($ BILLION)

TABLE 80 APAC BASE OIL MARKET BY GROUP 2021-2027 ($ BILLION)

TABLE 81 APAC BASE OIL MARKET BY GROUP 2021-2027 ($ BILLION)

TABLE 82 LATIN AMERICA BASE OIL MARKET BY GROUP 2021-2027 ($ BILLION)

TABLE 83 LATIN AMERICA BASE OIL MARKET BY END USER 2021-2027 ($ BILLION)

TABLE 84 MIDDLE EAST & AFRICA BASE OIL BY GROUP 2021-2027 ($ BILLION)

TABLE 85 MIDDLE EAST & AFRICA BASE OIL BY END USER 2021-2027 ($ BILLION)