Base Oil Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 22.85 Billion
CAGR (2026-2031)	5.57%
Fastest Growing Segment	Engine Oils
Largest Market	Asia Pacific
Market Size (2031)	USD 31.63 Billion

Market Overview

The Global Base Oil Market will grow from USD 22.85 Billion in 2025 to USD 31.63 Billion by 2031 at a 5.57% CAGR. Base oils are the fundamental fluid component utilized in the manufacturing of lubricants, serving as the essential carrier for additives to ensure the efficient operation of engines and industrial machinery. The global market for this product is primarily propelled by the expansion of the automotive manufacturing sector and the rising necessity for high-performance lubricants in heavy industrial applications. Sustained industrialization in emerging economies further strengthens demand, as machinery requires regular maintenance to minimize friction and wear. According to the China Association of Automobile Manufacturers, in 2024, the cumulative production of automobiles reached 31.28 million units, indicating a robust requirement for automotive lubricants which directly supports base oil consumption.

Despite these positive growth factors, the market faces a significant challenge regarding the fluctuating costs of crude oil, which is the primary feedstock for mineral base oils. This volatility creates unpredictability in production costs and can severely squeeze profit margins for refiners and blenders. Furthermore, the accelerating global shift toward electric vehicles poses a long-term threat to traditional market expansion, as these vehicles do not require the internal combustion engine oils that currently account for a substantial portion of global base oil demand. Regulatory pressures to reduce carbon emissions continue to compel the industry to adapt, potentially limiting the growth trajectory for conventional mineral-based products.

Key Market Drivers

The Rising Demand for High-Performance Automotive Lubricants is significantly reshaping the Global Base Oil Market as original equipment manufacturers require advanced fluids to meet fuel efficiency standards and protect modern turbocharged engines. This trend drives the consumption of premium Group II and Group III base oils, which offer superior thermal stability compared to conventional mineral oils. The shift is financially pivotal for major producers who are realigning portfolios toward these high-margin assets. According to ExxonMobil, December 2025, in its 'Corporate Plan Update', the company projects that higher-value products, including performance lubricants, will contribute over 40% of the Product Solutions segment's earnings growth by 2030, underscoring the strategic emphasis on advanced fluid technologies.

Simultaneously, Rapid Industrialization and Infrastructure Development in Emerging Economies acts as a critical volume driver, particularly for heavy-duty hydraulic and gear oils used in construction and mining machinery. Emerging markets are witnessing sustained capital expenditure, which directly correlates with increased lubricant intervals and consumption. According to Gulf Oil Lubricants India, August 2025, in the 'Unaudited Financial Results' statement, the company's B2B Industrial segment recorded double-digit volume growth for the quarter ended June 30, 2025, fueled by robust demand from the infrastructure and metal sectors. This industrial momentum complements the logistics sector; according to the European Automobile Manufacturers' Association, January 2025, in the 'New Commercial Vehicle Registrations' report, new van sales in the EU increased by 8.3% in 2024, sustaining the requisite demand for commercial fleet lubricants.

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Key Market Challenges

The fluctuating cost of crude oil constitutes a primary obstruction to the stable growth of the global base oil market. As mineral base oils are downstream derivatives of crude petroleum, their production economics are inextricably linked to upstream price volatility. When feedstock costs rise sharply or exhibit unpredictable variance, refiners and blenders experience immediate pressure on operating margins. Manufacturers often struggle to pass these escalated costs to end-users instantaneously due to existing long-term contracts and intense competitive pricing, leading to absorbed losses and reduced capital availability for facility expansion or modernization.

This financial unpredictability creates a cautious market environment where stakeholders delay procurement or minimize inventory to avoid depreciation risks. Such volatility fundamentally disrupts the pricing structure of finished lubricants, dampening demand in cost-sensitive industrial sectors. According to the Organization of the Petroleum Exporting Countries, in 2024, the OPEC Reference Basket price averaged $79.89 per barrel. This sustained high cost base forces the industry to operate under tight margins, directly limiting the financial flexibility required to aggressively pursue new market opportunities or increase production volumes.

Key Market Trends

The rising market penetration of Re-Refined Base Oils (RRBO) is fundamentally altering the supply dynamics of the global base oil market, driven by the dual imperatives of environmental sustainability and feedstock security. Unlike traditional mineral oils that rely on volatile crude extraction, RRBOs utilize waste oil as a renewable resource, promoting a circular economy while significantly reducing carbon footprints. Modern re-refining technologies now allow producers to yield high-purity Group II and Group III base stocks that rival virgin oils in quality, effectively overcoming historical perceptions of inferior performance. This shift allows manufacturers to meet stringent environmental regulations without compromising on technical specifications. According to Vertex Energy, November 2025, in the 'Vertex Energy Announces Production of Group III Re-Refined Base Oil' press release, the company successfully commenced the production of VTX-R4, a new Group III re-refined base oil at its Mobile, Alabama refinery, explicitly targeting the growing demand for high-performance, sustainable lubricant formulations.

Simultaneously, the development of specialized thermal fluids for electric vehicle applications is creating a high-value niche that counteracts the demand destruction for conventional engine oils. While electric vehicles eliminate the need for internal combustion engine lubricants, they require sophisticated dielectric fluids for battery thermal management and reduction gear lubrication to ensure safety and efficiency. This trend is compelling base oil producers to innovate beyond standard viscosity profiles, focusing on thermal conductivity and electrical compatibility to serve the electrification ecosystem. Major players are aggressively repositioning their product lines to capture this expanding segment. According to Fuchs Group, March 2025, in the 'Investor Presentation', the company emphasized the strategic importance of this shifting landscape, noting that global electric vehicle sales were estimated to exceed 15 million units in 2024, thereby creating a substantial and distinct market trajectory for these specialized fluid technologies.

Segmental Insights

The Engine Oil segment is currently positioned as the fastest-growing application in the global base oil market. This accelerated development is largely attributed to stringent environmental mandates established by regulatory bodies such as the Environmental Protection Agency and the European Commission. These regulations necessitate the use of low-viscosity lubricants to enhance fuel economy and minimize vehicular emissions. As automotive manufacturers adapt to these rigorous standards, the demand for high-quality base oils required to blend compliant engine lubricants has intensified significantly, thereby driving substantial expansion within this specific market sector.

Regional Insights

Asia Pacific maintains a dominant position in the global base oil market primarily due to robust expansion in the automotive and industrial manufacturing sectors. Rapid economic development in key markets such as China and India has significantly increased the production and consumption of lubricants for vehicles and heavy machinery. Additionally, stringent environmental regulations, including the adoption of Bharat Stage VI emission standards in India, drive the demand for high-quality base oils required for compliant engine performance. This sustained industrial activity combined with evolving regulatory compliance cements the region's market leadership.

Recent Developments

In March 2025, Chevron Products Company announced plans to commence full-scale production of Group III+ base oils at its refinery in Pascagoula, Mississippi. The company revealed that the new production line, marketed under the NEXBASE 4 XP brand, was scheduled to come onstream in the fourth quarter of 2026. This move established the firm as the first domestic producer of Group III+ base oils in North America, catering to the automotive industry's need for lower-viscosity lubricants that improve fuel economy. The General Manager of Base Oils indicated that the product would initially be distributed through European hubs before expanding to other regions.
In February 2025, the President and CEO of Saudi Aramco Base Oil Company (Lubref) stated that the company would focus on executing the Yanbu Growth II expansion project throughout the year. The initiative was designed to enable the production of Group III base oils, positioning the firm as the sole producer in the region capable of manufacturing all three API base oil groups. Management highlighted that the project would increase the facility's total output capacity to approximately 1.3 million metric tonnes per annum. This strategic development aimed to enhance operational flexibility and capture value in high-margin global markets.
In December 2024, Hindustan Petroleum Corporation Ltd announced a significant investment of Rs 46.79 billion to expand lube oil base stock production at its Mumbai refinery. The Board of Directors approved the "Lube Modernization and Bottoms Upgradation Project," which aimed to increase total capacity from 475,000 tonnes to 764,000 tonnes per annum. The expansion prioritized the production of high-quality Group II+ and Group III base oils to address rising domestic demand and reduce import reliance. The project involved the installation of a new integrated hydrocracker and catalytic dewaxing unit, with a targeted mechanical completion timeline of 36 months.
In February 2024, SK Enmove entered into a Memorandum of Understanding with SK Telecom and Iceotope Technologies to collaborate on the development of liquid cooling solutions for artificial intelligence data centers. The partnership focused on deploying the company's specialized base oil-derived thermal fluids within precision liquid cooling systems to optimize energy efficiency. A senior executive at the company noted that this initiative aimed to validate the performance of their fluids in high-load computing environments and solidify their position in the immersion cooling market. The project highlighted the growing application of base oils in thermal management sectors beyond traditional automotive lubricants.

Key Market Players

S-Oil
ENEOS 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.

By Source	By Type	By Application	By End-Use	By Region
Mineral Synthetic and Vegetable	Group 2 Group 1 Group 3 Group 5 and Group 4	Engine Oils General Industrial Oils Process Oils Greases and Others	Automotive Industrial Personal Care and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

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

Base Oil Market, By Source:

Mineral
Synthetic
and Vegetable

Base Oil Market, By Type:

Group 2
Group 1
Group 3
Group 5
and Group 4

Base Oil Market, By Application:

Engine Oils
General Industrial Oils
Process Oils
Greases
and Others

Base Oil Market, By End-Use:

Automotive
Industrial
Personal Care
and Others

Base Oil Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

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

Available Customizations:

Global Base Oil Market report 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).

Global Base Oil Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Base Oil Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Source (Mineral, Synthetic, and Vegetable)

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

5.2.3. By Application (Engine Oils, General Industrial Oils, Process Oils, Greases, and Others)

5.2.4. By End-Use (Automotive, Industrial, Personal Care, and Others)

5.2.5. By Region

5.2.6. By Company (2025)

5.3. Market Map

6. North America Base Oil Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Source

6.2.2. By Type

6.2.3. By Application

6.2.4. By End-Use

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Base Oil Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Source

6.3.1.2.2. By Type

6.3.1.2.3. By Application

6.3.1.2.4. By End-Use

6.3.2. Canada Base Oil Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Source

6.3.2.2.2. By Type

6.3.2.2.3. By Application

6.3.2.2.4. By End-Use

6.3.3. Mexico Base Oil Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Source

6.3.3.2.2. By Type

6.3.3.2.3. By Application

6.3.3.2.4. By End-Use

7. Europe Base Oil Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

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. Europe: Country Analysis

7.3.1. Germany Base Oil Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Source

7.3.1.2.2. By Type

7.3.1.2.3. By Application

7.3.1.2.4. By End-Use

7.3.2. France Base Oil Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Source

7.3.2.2.2. By Type

7.3.2.2.3. By Application

7.3.2.2.4. By End-Use

7.3.3. United Kingdom Base Oil Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Source

7.3.3.2.2. By Type

7.3.3.2.3. By Application

7.3.3.2.4. By End-Use

7.3.4. Italy Base Oil Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Source

7.3.4.2.2. By Type

7.3.4.2.3. By Application

7.3.4.2.4. By End-Use

7.3.5. Spain Base Oil Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Source

7.3.5.2.2. By Type

7.3.5.2.3. By Application

7.3.5.2.4. By End-Use

8. Asia Pacific Base Oil Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

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. Asia Pacific: Country Analysis

8.3.1. China Base Oil Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Source

8.3.1.2.2. By Type

8.3.1.2.3. By Application

8.3.1.2.4. By End-Use

8.3.2. India Base Oil Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Source

8.3.2.2.2. By Type

8.3.2.2.3. By Application

8.3.2.2.4. By End-Use

8.3.3. Japan Base Oil Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Source

8.3.3.2.2. By Type

8.3.3.2.3. By Application

8.3.3.2.4. By End-Use

8.3.4. South Korea Base Oil Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Source

8.3.4.2.2. By Type

8.3.4.2.3. By Application

8.3.4.2.4. By End-Use

8.3.5. Australia Base Oil Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Source

8.3.5.2.2. By Type

8.3.5.2.3. By Application

8.3.5.2.4. By End-Use

9. Middle East & Africa Base Oil Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

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. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Base Oil Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Source

9.3.1.2.2. By Type

9.3.1.2.3. By Application

9.3.1.2.4. By End-Use

9.3.2. UAE Base Oil Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Source

9.3.2.2.2. By Type

9.3.2.2.3. By Application

9.3.2.2.4. By End-Use

9.3.3. South Africa Base Oil Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Source

9.3.3.2.2. By Type

9.3.3.2.3. By Application

9.3.3.2.4. By End-Use

10. South America Base Oil Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

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. South America: Country Analysis

10.3.1. Brazil Base Oil Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Source

10.3.1.2.2. By Type

10.3.1.2.3. By Application

10.3.1.2.4. By End-Use

10.3.2. Colombia Base Oil Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Source

10.3.2.2.2. By Type

10.3.2.2.3. By Application

10.3.2.2.4. By End-Use

10.3.3. Argentina Base Oil Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Source

10.3.3.2.2. By Type

10.3.3.2.3. By Application

10.3.3.2.4. By End-Use

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Base Oil Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. S-Oil

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. ENEOS Corporation

15.3. TotalEnergies SE

15.4. Sinopec

15.5. Calumet Specialty Products Partners, L.P.

15.6. ExxonMobil

15.7. SK Lubricants-Repsol

15.8. ADNOC

15.9. Rosneft

15.10. Formosa Petrochemical Corporation

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

16. Strategic Recommendations

17. 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

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Frequently asked questions

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