Growing Demand from End-Use Industries Drives Process Oil Market Growth

The global process oil market volume is expected to grow 1.3 times, reaching 1,058,598 metric tons by the end of 2017 and is expected to increase to 1,314,570 metric tons by 2025, with a CAGR of 3.7 %.

In a new report titled " Process Oil Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)", our analysts have noted that there is significant growth potential in the Asia Pacific region. Demand for process oil has increased in APAC countries such as India, China and South Korea. As the process oil market consolidates, investments in product development by major manufacturers can create a significant opportunity for end-use industries. As noticeable growth in automotive demand is seen, the demand for consumer products and other processed rubber products will also increase.

We have also noted that the APAC region, especially China, India, Korea, and Japan, will contribute the largest volume in the global process oil market and is expected to grow during the forecast period. Europe has a good market share and offers good growth potential, followed by North America. MEA and Latin America will collectively post moderate growth. In addition to regional market growth, major market players are increasing their manufacturing facilities and strengthening their R&D portfolio to meet growing market demand.

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Forecast assumptions and market sizing

When developing the market forecast, we begin by sizing the current market, which forms the basis for forecasting how the market is anticipated to perform in the future. We have considered the weighted average sales price (ASP) per product to derive market values at the regional level.

We have used the top-down approach to obtain market numbers, while the bottom-up approach has been used to counter-validate market estimates. Macroeconomic indicators such as GDP, growth in the manufacturing sector, world trade statistics and final household spending have been considered. All values for market size are in US$ Million (millions of US dollars) and volume data is in units.

Report structure

We have taken a detailed overview of the global process oil market. The changing dynamics of the market for processed oil production have been taken into account to obtain a clear picture of the market in general. The report also highlights recent key industry trends and developments, key players' market strategies and product offerings, market segmentation, and market size in terms of volume and value.

This report also consists of historical demand trends, the growth rate of the oil market, the financial performance of major companies in the five regions, macroeconomic indicators such as GDP and population growth, production trends of raw materials, commodity trade, the influence of rising disposable products. Revenue trends and raw material prices. Furthermore, the market definition, types and applications of Process Oil, supply and demand side drivers, restraints, opportunities, trends and other factors influencing the market have been included in our report. exclusively on the global process oil market.

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Research methodology

We have taken a systematic research approach while studying the global Process Oil market. In-depth secondary research is used to arrive at the overall market size, major industry players, top products, and industry associations. Our analysts have formulated a detailed discussion guide for conducting interviews with experts and the industry.

We have conducted extensive interviews with industry experts, industry players, distributors and retailers. The data is validated using the triangulation method, in which primary and secondary research data along with Persistence Market Research analysis contribute to the final data. We also analyze various companies' annual_bk_01_01_2020 reports, investor filings, SEC filings, and press releases for material information on market size, trends, opportunities, drivers, restraints, and other factors. affecting the global market for process oil.

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Market Taxonomy

By Application • Rubber Processing
• Adhesives & Sealants
• Consumer Products
• Paints & Coatings
• Pharmaceuticals
• Polymers
• Others
By Product Type • Aromatic
• Paraffinic
• Naphthenic
By Region • North America
• Latin America
• Europe
• APAC
• MEA

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