According to a latest report published by Progressive Markets in materials and chemicals sector, titled, Global Base Oil Market- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025, the base oil industry is anticipated to register a CAGR of 2.1% during the period, 2017-2025. The study offers various benefits to manufacturers, stakeholders, and new entrants to identify and seize opportunities abound in the market.
The study introduces the global base oil market in respect to report description, research methodology, scope, and definition. The executive summary incorporated in it has various parameters, such as key findings, market attractiveness, trend analysis, competitive analysis, and recent developments in the industry.
This study outlines the market landscape on drivers and restraints of the base oil market. Moreover, the report also analyses the impact of these scenarios on the market.
Key market professionals evaluate the competitive hierarchy of the industry with the help of Porters Five Forces Analysis (PFFA). In this method, they appraise the bargaining power of the customers as well as buyers.
Furthermore, they assess other factors, such as threat of substitutes, rivalry among key market players, and threat of new entrants for the base oil industry.
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The study examines industry share of the global base oil market during the period, 2014-2025. It classifies the market into products, applications, and geography.
In addition, it assesses industry share of various regions, product types, and application for the aforementioned period. Based on product, the market is divided into Group I, Group II, and Group III.
Based on applications, the market is segmented into automotive oils, process oils, industrial oils, metalworking fluids, hydraulic oils, and others. Based on geography, this study bifurcates the market into North America, Asia-Pacific, Europe, and Latin America Middle East & Africa (LAMEA).
These areas are further categorized into countries, such as U.S., Canada, and Mexico for the North American region. The LAMEA countries included are Brazil, Saudi Arabia, South Africa and Rest of LAMEA.
The countries discussed in Europe region are U.K., Germany, France, Spain, Italy, and Rest of Europe. The Asia-Pacific countries explored in the report include China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific.
The research evaluates market size of all the addressed regions for the historic period and forecast period, 2014-2016 and 2017-2025, respectively.
The report examines industry size for all product types and applications of the global base oil industry during the historic, as well as forecast period. It includes key market players of the industry, such as Exxon Mobil Corporation, Total S.A., BP PLC, Motul Ltd., Chevron Corporation, Bahrain Lube Base Oil Company, Saudi Aramco, Indian Oil Corporation Ltd., LukOil PJSC, and Bharat Petroleum Corporation Ltd.
Industry experts explore the factors which determine the significance of suppliers and manufacturers. These factors include recent developments by each firm, financial & business segments, and overview of each company.
The report describes the attributes which facilitates the growth of the industry; such as, rise in the automotive industry leading to increase in demand for finished lubricants. Moreover, another factor which boosts the demand of base oils is the strict emission standards, which results in improved formulation methods for lubricants.
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The study also considers the factors which hinder the development of the global base oil market, such as slow changes by refiners to sour and heavy crude oil. Additionally, fluctuations in price of crude oil is expected to negatively impact the cost of the base oils.
The report is beneficial for key market players, investors, and new entrepreneurs owing to several takeaways it offers, which includes comprehensive evaluation of factors that have the potential to restrict or drive the industry. Further, they assess the opportunities that are present in regional distributions.
An in-depth assessment of developments in the market aids manufacturers and new entrepreneurs to understand the industry outlook. The study thoroughly follows the status of the product variants and also provides an extensive examination of top manufacturers in the market framework.
The abovementioned features of the global base oil market are illustrated through tables and figures. For instance, some tables give brief description of vendors under the title of company snapshot.
The market share of products, applications, and regions are shown through illustrative tables. Additionally, the market value for each geography, product type, and application of the industry is explained with the help of tables during the period, 2014-2025.
The same parameters are similarly represented through figures for better representation. For instance, the revenue generated by every market landscape of the market is illustrated through figures for the historic as well as forecast period.
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