DUBLIN—Research and Markets has announced the addition of the "Global Base Oil Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2012 to 2022" report to their offering.

The worldwide base oil market is predicted to be worth 31,860 million US dollars by the end of year 2020. The global industry is projected to expand at a CAGR growth rate of 1.46% during the estimated span.

Development and expansion of the automobile sector has led to rise in demand curve/graph for finished lubricants. Strict standards of emission all around the world has resulted in rapid transformation in procedures for lubrication formulation. In addition to this, fast industrialization in growing economies has boosted the lubricants demand from different end user sections. All these factors are predicted to propel the growth and expansion of the worldwide base oil market.

However the reducing costs of crude oil along with the steady shift in choice from sweet crude oil towards sour & heavy crude oil by refiners will diminish the total production of base oil from crude oil. This in turn will adversely affect the growth & expansion worldwide base oil market and the effect of this market limitation is predicted to rise during the estimated span. Also, the current decline in crude oil costs has adversely impacted the global base oil market.

Companies Mentioned:

  • British Petroleum plc
  • Chevron Corporation
  • Exxon Mobil Corporation
  • GS Caltex Corporation
  • Indian Oil Corporation Limited
  • MOGoil GmbH
  • Neste Oil
  • PetroChina Company Limited
  • Petroliam Nasional Berhad
  • Phillips 66 Company
  • Royal Dutch Shell plc
  • S-Oil Corporation
  • SK Lubricants Corporation Limited
  • Sinopec Group

Key Topics Covered:

1. Preface

2. Executive Summary

3. Global Base Oil Market Analysis

4. Global Base Oil Market By Product Type 2013 - 2022 (Kilo Tons, Revenue- US$)

5. Global Base Oil Market By Application 2013 - 2022 (Kilo Tons, Revenue- US$)

6. Global Base Oil Market, By Geography 2013 - 2022 (Kilo Tons, Revenue- US$)

7. Company Profiles

For more information visit http://www.researchandmarkets.com/research/rcqd5f/global_base_oil

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Sector: Oil, Lubricants and Greases