PUNE, India, February 16, 2016 /PRNewswire/ --
The report "Base Oil Market by Type (Group I, Group II, Group III, Group IV, Group V), by Application (Automotive Oil, Industrial Oil, Metalworking Fluids, Greases, Hydraulic Oil, & Others), by Geography - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The market is projected to reach USD 41.68 Billion by 2020, at a CAGR of 0.95% from 2015 to 2020.
Browse 128 market data Tables and 123 Figures spread through 315 Pages and in-depth TOC on "Base Oil Market"
http://www.marketsandmarkets.com/Market-Reports/base-oil-market-203695851.html
Early buyers will receive 10% customization on this report.
Factors such as growth of various end user industries, along with increase in the demand for finished lubricants from various industries, are expected to drive this market during the forecast period, 2015 to 2020.
Among types, Group I segment is projected to lead the global base oil market till 2020
Among types, the Group I segment is projected to lead the global base oil market by 2020. The major reason behind the extensive use of Group I across industries is its simpler refining process and cost competitiveness among all types of base oil. The Group IV segment of the global base oil market is projected to grow at the highest CAGR during the forecast period. The usage of Group IV base oils has been growing in various industrial and automotive applications as they offer excellent performance when combined with additives.
Among applications, the automotive oil segment is leading the global base oil market
The automotive oil application segment is projected to lead the global Base Oil Market till 2020 and is projected to grow at the highest CAGR between 2015 and 2020. Increase in the demand for finished lubricant products in the automotive industry is expected to contribute towards the growth of this segment.
Asia-Pacific is leading the global base oil market
In terms of value, Asia-Pacific is projected to lead the global base oil market till 2020. In terms of volume, the base oil market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period, 2015 to 2020. The rising population, increasing income levels, coupled with strong growth in emerging nations such as India and China, are the major factors fueling the growth of the Asia-Pacific base oil market during the forecast period.
Inquiry of this Report at http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=203695851
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at, based on the key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders, such as CEOs, directors, and marketing executives. Some of the leading players in this market are Royal Dutch Shell plc, Chevron Corporation, Neste Oil, AVISTA OIL AG, Nynas AB, and PETRONAS, among others.
This research report categorizes the global base oil market on the basis of type, application, and region. It forecasts volume and revenue as well as analyzes trends in each of the submarkets.
Browse Related Reports:
Lubricants Market by Type (Mineral Oil Lubricants, Synthetic Lubricants, Bio-based Lubricants, and Greases), by Application (Transportation, and Industrial Machinery & Equipment) - Global Trends & Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/lubricants-market-182046896.html
Process Oil Market By Type (Naphthenic, Paraffinic, Aromatic, Others), By Application (Tire & Rubber, Polymer, Personal Care, Textile, Others), By Region (Asia-Pacific, Europe, North America, Rest of the World) Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/process-oil-market-70882267.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
