Base Oil Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027 Segmented By Source (Mineral, Synthetic, and Vegetable) By Type (Group 2, Group 1, Group 3, Group 5, and Group 4), By Application (Engine Oils, General Industrial Oils, Process Oils, Greases, and Others), By End-Use (Automotive, Industrial, Personal Care, and Others), By Region

  • Industry : Chemicals
  • Pages : 110
  • Published Date : September, 2022
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Summary

Report Description

Global Base Oil Market is expected to reach at USD57543.56 million in 2027F with a CAGR of 7.55% due to massive advancements in manufacturing facilities and development in automotive engine to drive better fuel economy.

Base Oil is known to be majorly derived from refining crude extract by heating at various levels of temperature and pressures. With an underlying property such as temperature and viscosity correlation, it is broadly categorized into various groups, each having unique applications across various industries from automotive to personal care. The supply-demand assessment determines its extremely ever-growing importance in various end-user industries. Although the demand for Base Oil is majorly generated from the automotive industry, which hugely depends on fossil fuels, it is going to stay exceedingly high as long as any breakthrough happens in the automotive industry, which possibly might be due to growing concerns of promoting sustainable development scenario in the foreseeable future.

Growing demand in the automobile industry for high-grade oils

The demand for high-grade lubricants to ensure compatibility with fast-moving parts at high temperatures is being driven by advanced engine technology. The final lubricant's overall performance is significantly influenced by the base oil choice. Engine oils constitute 10–30% additives and 70–90% base oil. Therefore, it is estimated that the increased demand for high-grade engine oils would help accelerate the base oil industry. High-performance engine oils can enable diesel vehicles, passenger cars, light-duty trucks, and stationary engines to sustain difficult and demanding conditions. The majority of engine oils are made of base oil. As a result of the rising need for high-grade oils in the automotive industry, the base oil market is growing. Global demand for base oil is projected to increase due to rising investments and tremendous automotive sector growth. The market for base oil is anticipated to boost in the coming years as electric vehicles grow increasingly mainstream in developed nations like the United States and China.

Temperature bearing capacity makes the base oil & its market more promising

Technological innovations in automotive engine fabrication are driving the demand for lubricants with higher grade composition. This state-of-the-art technology provides compatibility with high pace moving parts at extremely high temperatures. The basis on which the selection of base oil is made makes a significant impact on the total performance of the finished lubricants. Compositionally, engine oils are 70 -90 percent of base oils and 10-30 percent additives. Hence, the rising demand for high-grade engine oils is likely to bolster the market for base oil. Base oils are utilized in manufacturing industrial oils, including lubricating greases. Due to their extreme temperature endurance capacity, base oil builds a huge spectrum as a significant application for a variety of automobiles.

Rapid rise in Industrialization in developing economies

The expansion of end-user industries in emerging economies is fuelling the continuous rise of the Asia-Pacific base oil market. The need for lubricants and its derivatives, such as finished lubricants, is being driven by growth in industries including industrial machinery, automotive, and energy in rising economies like India, Indonesia, Thailand, and South Korea. Due to the depletion of underground hydrocarbon reserves and the enhanced attention towards environmental protection, there has been an increase in the demand for eco-friendly synthetic hydraulic oils or hydraulic fluids. Many different end-use industries, including aviation, manufacturing, construction, and automotive, use these oils. The functions of hydraulic fluids include power transmission, lubrication, machine protection against corrosion and wear, and heat transfer. Hydraulic fluid demand is increasing because of the mechanisation and rapid industrialisation of various industries. As a result, the Asia Pacific base oil market is being driven.


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Market Segmentation

The Global Base Oil Market is segmented based on Source, Type, Application, End-Use, company, and regional distribution. Based on Source, the market is segmented into Mineral, Synthetic, and Vegetable. Based on Type, the market is further segmented into Group 1, Group 2, Group 3, Group 4, and Group 5. Based on Application, the market can be split into Engine Oil, General Industrial Oils, Process Oils, Greases, Others. Based on the End-Use, the market is divided into Automotive, Industrial, Personal Care, Others. The market analysis also studies the regional segmentation divided among the Asia-Pacific region, North American region, European region, Middle East & African region, and South American region. \While the United States Base Oil Market stood at 4570.21 thousand tonnes in the year 2021 and is projected to grow at a CAGR of 4.71% by volume during the forecast period.

Company Profiles

S-Oil, ENEOS Corporation (erstwhile JXTG Nippon Oil & Energy Corporation), TotalEnergies SE, Sinopec, Calumet Specialty Products Partners, L.P., ExxonMobil, SK lubricants-Repsol, ADNOC, Rosneft, Formosa Petrochemical Corporation, Shanxi Lu’An Taihang Lubricants Co. Ltd., are among the major market players in the Global Base Oil Market.

Attribute

Details

Market size value in 2021

USD 37050.88 million

Revenue Forecast in 2027

USD 57543.56 million

Growth Rate

7.55%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Thousand Tonnes, and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Source

·         Type

·         Application

·         End-Use

Regional Scope

Asia-Pacific; North America; Europe; Middle East & Africa; South America

Country Scope

China; India; Indonesia; Thailand; Philippines; Malaysia; United States; Canada; Mexico; Germany; France; Italy; Spain; Poland; Netherlands; Iran; Saudi Arabia; Egypt; South Africa; Nigeria; Iraq; UAE; Brazil; Argentina; Peru; Colombia.

Key Companies Profiled

S-Oil, ENEOS Corporation (erstwhile JXTG Nippon Oil & Energy Corporation), TotalEnergies SE, Sinopec, Calumet Specialty Products Partners, L.P., ExxonMobil, SK lubricants-Repsol, ADNOC, Rosneft, Formosa Petrochemical Corporation, Shanxi Lu’An Taihang Lubricants Co. Ltd.,

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Global Base Oil Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Base Oil Market, By Source:

o   Mineral

o   Synthetic

o   Vegetable

·         Base Oil Market, By Type:

o   Group 2

o   Group 1

o   Group 3

o   Group 5

o   Group 4

·         Base Oil Market, By Application:

    • Engine Oils
    • General Industrial Oils
    • Process Oils
    • Greases
    • Others (Gear & Transmission Oil)

·         Base Oil Market, By End-Use:  

    • Automotive
    • Industrial
    • Personal Care
    • Others (Marine, Defense)

·         Base Oil Market, By Region:

    • Asia-Pacific
      • China
      • India
      • Indonesia
      • Thailand
      • Philippines
      • Malaysia

o   North America

      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • Poland
      • Netherlands
    • Middle East & Africa
      • Iran
      • Saudi Arabia
      • Egypt
      • South Africa
      • Nigeria
      • Iraq
      • UAE
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Base Oil Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Base Oil Market

5.    Voice of Customer

5.1.  Factors Considered Before Purchase

5.2.  Brand Awareness and Brand Satisfaction Level

5.3.  Preferred Point of Purchase

6.    Global Base Oil Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Source (Mineral, Synthetic, Vegetable)

6.2.2.    By Type (Group 2, Group 1, Group 3, Group 5, Group 4)

6.2.3.   By Application (Engine Oils, General Industrial Oils, Process Oils, Greases, Others (Gear & Transmission Oil))

6.2.4.    By End-Use (Automotive, Industrial, Personal Care, Others (Marine, Defense))

6.2.5.    By Company (2021)

6.2.6.    By Region

6.3.  Product Market Map

7.    Asia-Pacific Base Oil Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Source

7.2.2.    By Type

7.2.3.    By Application

7.2.4.    By End-Use

7.2.5.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Base Oil Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.1.2.3.           By End-Use

7.3.2.    India Base Oil Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.2.2.3.           By End-Use

7.3.3.    Indonesia Base Oil Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.3.2.3.           By End-Use

7.3.4.    Thailand Base Oil Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Volume

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Application

7.3.4.2.3.           By End-Use

7.3.5.    Philippines Base Oil Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Volume

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Application

7.3.5.2.3.           By End-Use

7.3.6.    Malaysia Base Oil Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Volume

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Type

7.3.6.2.2.           By Application

7.3.6.2.3.           By End-Use

8.    North America Base Oil Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Source

8.2.2.    By Type

8.2.3.    By Application

8.2.4.    By End-Use

8.2.5.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Base Oil Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.1.2.3.           By End-Use

8.3.2.    Canada Base Oil Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.2.2.3.           By End-Use

8.3.3.    Mexico Base Oil Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

8.3.3.2.3.           By End-Use

9.    Europe Base Oil Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Source

9.2.2.    By Type

9.2.3.    By Application

9.2.4.    By End-Use

9.2.5.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Base Oil Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.1.2.3.           By End-Use

9.3.2.    France Base Oil Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.2.2.3.           By End-Use

9.3.3.    Italy Base Oil Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

9.3.3.2.3.           By End-Use

9.3.4.    Spain Base Oil Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Volume

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Application

9.3.4.2.3.           By End-Use

9.3.5.    Poland Base Oil Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Volume

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type

9.3.5.2.2.           By Application By End-Use

9.3.5.2.3.           By End-Use

9.3.6.    Netherlands Base Oil Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Volume

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Type

9.3.6.2.2.           By Application

9.3.6.2.3.           By End-Use

10.  Middle East & Africa Base Oil Market Outlook

10.1.               Market Size & Forecast        

10.1.1.           By Value & Volume

10.2.               Market Share & Forecast

10.2.1.          By Source

10.2.2.          By Type

10.2.3.          By Application

10.2.4.          By End-Use

10.2.5.          By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Iran Base Oil Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Volume

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.1.2.3.         By End-Use

10.3.2. Saudi Arabia Base Oil Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Volume

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.2.2.3.         By End-Use

10.3.3. Egypt Base Oil Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Volume

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

10.3.3.2.3.         By End-Use

10.3.4. South Africa Base Oil Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Volume

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Application

10.3.4.2.3.         By End-Use

10.3.5. Nigeria Base Oil Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Volume

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Application

10.3.5.2.3.         By End-Use

10.3.6. Iraq Base Oil Market Outlook

10.3.6.1.     Market Size & Forecast

10.3.6.1.1.         By Volume

10.3.6.2.     Market Share & Forecast

10.3.6.2.1.         By Type

10.3.6.2.2.         By Application

10.3.6.2.3.         By End-Use

10.3.7. UAE Base Oil Market Outlook

10.3.7.1.     Market Size & Forecast

10.3.7.1.1.         By Volume

10.3.7.2.     Market Share & Forecast

10.3.7.2.1.         By Type

10.3.7.2.2.         By Application

10.3.7.2.3.         By End-Use

11.  South America Base Oil Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Source

11.2.2. By Type

11.2.3. By Application

11.2.4. By End-Use

11.2.5. By Country

11.3.             South America: Country Analysis

11.3.1. Brazil Base Oil Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Volume

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Application

11.3.1.2.3.         By End-Use

11.3.2. Argentina Base Oil Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Volume

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Application

11.3.2.2.3.         By End-Use

11.3.3. Peru Base Oil Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Volume

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Application

11.3.3.2.3.         By End-Use

11.3.4. Colombia Base Oil Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Volume

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Application

11.3.4.2.3.         By End-Use

12.  Market Dynamics

12.1.             Drivers

12.2.             Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.             S-Oil

14.2.             ENEOS Corporation (erstwhile JXTG Nippon Oil & Energy Corporation)

14.3.             TotalEnergies SE

14.4.             Sinopec

14.5.             Calumet Specialty Products Partners, L.P.

14.6.             ExxonMobil

14.7.             SK lubricants-Repsol

14.8.             ADNOC

14.9.             Rosneft

14.10.          Formosa Petrochemical Corporation

14.11.          Shanxi Lu’An Taihang Lubricants Co. Ltd.

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

List of Figures:


Figure 1: Global Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F

Figure 2: Global Base Oil Market Share, By Source, By Volume, 2017-2027F

Figure 3: Global Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 4: Global Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 5: Global Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 6: Global Base Oil Market Share, By Region, By Volume, 2017-2027F

Figure 7: Global Base Oil Market Share, By Company, By Value, 2021

Figure 8: Global Base Oil Market Map, By Source, Market Size (USD Million) & Growth Rate (%), 2021

Figure 9: Global Base Oil Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

Figure 10: Global Base Oil Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021

Figure 11: Global Base Oil Market Map, By End-Use, Market Size (USD Million) & Growth Rate (%), 2021

Figure 12: Global Base Oil Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

Figure 13: Asia-Pacific Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F

Figure 14: Asia-Pacific Base Oil Market Share, By Source, By Volume, 2017-2027F

Figure 15: Asia-Pacific Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 16: Asia-Pacific Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 17: Asia-Pacific Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 18: Asia-Pacific Base Oil Market Share, By Country, By Volume, 2017-2027F

Figure 19: China Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 20: China Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 21: China Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 22: China Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 23: India Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 24: India Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 25: India Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 26: India Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 27: Indonesia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 28: Indonesia Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 29: Indonesia Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 30: Indonesia Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 31: Thailand Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 32: Thailand Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 33: Thailand Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 34: Thailand Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 35: Philippines Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 36: Philippines Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 37: Philippines Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 38: Philippines Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 39: Malaysia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 40: Malaysia Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 41: Malaysia Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 42: Malaysia Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 43: North America Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F

Figure 44: North America Base Oil Market Share, By Source, By Volume, 2017-2027F

Figure 45: North America Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 46: North America Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 47: North America Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 48: North America Base Oil Market Share, By Country, By Volume, 2017-2027F

Figure 49: United States Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 50: United States Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 51: United States Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 52: United States Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 53: Canada Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 54: Canada Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 55: Canada Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 56: Canada Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 57: Mexico Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 58: Mexico Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 59: Mexico Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 60: Mexico Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 61: Europe Base Oil Market Size, By Value (USD Million) & By Volume (‘000    Tonnes), 2017-2027F

Figure 62: Europe Base Oil Market Share, By Source, By Volume, 2017-2027F

Figure 63: Europe Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 64: Europe Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 65: Europe Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 66: Europe Base Oil Market Share, By Country, By Volume, 2017-2027F

Figure 67: Germany Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 68: Germany Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 69: Germany Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 70: Germany Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 71: France Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 72: France Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 73: France Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 74: France Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 75: Italy Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 76: Italy Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 77: Italy Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 78: Italy Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 79: Spain Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 80: Spain Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 81: Spain Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 82: Spain Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 83: Poland Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 84: Poland Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 85: Poland Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 86: Poland Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 87: Netherlands Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 88: Netherlands Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 89: Netherlands Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 90: Netherlands Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 91: Middle East & Africa Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F

Figure 92: Middle East & Africa Base Oil Market Share, By Source, By Volume, 2017-2027F

Figure 93: Middle East & Africa Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 94: Middle East & Africa Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 95: Middle East & Africa Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 96: Middle East & Africa Base Oil Market Share, By Country, By Volume, 2017-2027F

Figure 97: Iran Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 98: Iran Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 99: Iran Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 100: Iran Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 101: Saudi Arabia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 102: Saudi Arabia Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 103: Saudi Arabia Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 104: Saudi Arabia Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 105: Egypt Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 106: Egypt Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 107: Egypt Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 108: Egypt Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 109: South Africa Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 110: South Africa Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 111: South Africa Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 112: South Africa Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 113: Nigeria Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 114: Nigeria Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 115: Nigeria Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 116: Nigeria Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 117: Iraq Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 118: Iraq Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 119: Iraq Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 120: Iraq Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 121: UAE Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 122: UAE Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 123: UAE Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 124: UAE Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 125: South America Base Oil Market Size, By Value (USD Million) & By Volume (‘000 Tonnes), 2017-2027F

Figure 126: South America Base Oil Market Share, By Source, By Volume, 2017-2027F

Figure 127: South America Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 128: South America Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 129: South America Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 130: South America Base Oil Market Share, By Country, By Volume, 2017-2027F

Figure 131: Brazil Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 132: Brazil Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 133: Brazil Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 134: Brazil Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 135: Argentina Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 136: Argentina Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 137: Argentina Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 138: Argentina Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 139: Peru Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 140: Peru Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 141: Peru Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 142: Peru Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Figure 143: Colombia Base Oil Market Size, By Volume (‘000 Tonnes), 2017-2027F

Figure 144: Colombia Base Oil Market Share, By Type, By Volume, 2017-2027F

Figure 145: Colombia Base Oil Market Share, By Application, By Volume, 2017-2027F

Figure 146: Colombia Base Oil Market Share, By End-Use, By Volume, 2017-2027F

Frequently asked questions

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The market size of the Global Base Oil Market was estimated to be USD37050.88 million in 2021.

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Base Oil is widely used as High-grade Oil in automotive engines and therefore the Automotive Industry held the largest market share of 45.28 % in the base year 2021.

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Asia-Pacific is the dominant growing region in the Global Base Oil Market with a market share of 43.09% in 2021.

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Increasing demand from the automotive industry and rapidly growing applications of base oil as general industrial oils are the major drivers for the Global Base Oil Market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Base Oil Market to Grow with a CAGR of 7.55% through 2027

Aug, 2022

Increasing demand for greases, industrial lubricants, thermal oils, and hydraulic fluids derived from raw stock fluids such as base oil is fueling the growth of Global Base Oil Market in the forecast

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