Research and Markets: Europe Process Oil Market - Projected to Grow at a CAGR of 1.5% from 2015 to 2020
Research and Markets (http://www.researchandmarkets.com/research/np637m/europe_process)
has announced the addition of the "Europe
Process Oil Market - Forecast to 2020" report to their offering.
The process oil market in regions, such as Asia-Pacific, North America,
and rest of the world has been witnessing significant growth, owing to
the rise in the demand from industries such as tire & rubber, polymer,
textile. However, the market in Europe is expected to witness declining
growth rate over the forecast period.
The European process oil market recorded a consumption of 923.3 KT in
2014. Russia contributed the largest share of 20.0% to the European
process oil market in 2014, as the country is known for its large number
of oil & gas reserves.
The European process oil market is projected to grow at a CAGR of 1.5%
during the forecast period from 2015 to 2020. In Russia and Germany, the
process oil market is projected to grow at CAGR of 2.3% and 2.2%
respectively during the forecast period.
Based on application, the European process oil market has been segmented
into tire & rubber, polymer, personal care, and textile, among others.
In terms of value, the tire & rubber application segment led the
European process oil market and accounted for a share of 42.9% in 2014.
This segment is projected to grow at the highest CAGR of 1.7% during the
In terms of value, the naphthenic segment is projected to grow at the
highest CAGR of 1.9% during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Europe Process Oil Market, By Type
6 Europe Process Oil Market, By Application
7 Europe Process Oil Market, By Geography
8 Competitive Landscape
9 Key Company Profiles
Avista Oil Ag
Lukoil Oil Company
Petronas Lubricants Belgium NV
Royal Dutch Shell PLC
For more information visit http://www.researchandmarkets.com/research/np637m/europe_process
View source version on businesswire.com: http://www.businesswire.com/news/home/20160111005890/en/
Copyright Business Wire 2016
Source: Business Wire
(January 11, 2016 - 9:41 AM EST)
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