November 7, 2018 - 6:06 AM EST
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The Global Process Oil Market is Estimated to Reach $5.83 Billion by 2023 - The Fall in the Price of Crude Oil is Limiting Growth -


The "Global Process Oil Market - By Type, Raw Material, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to's offering.

The global Process Oil market was USD 4.67 billion in 2017 and is estimated to reach USD 5.83 billion by 2023 growing at a CAGR of 3.77% during the forecast period.

Factors leading to the growth of market are increasing renewable energy installation and demand for personal care products, rise in mechanization and industrialization, increase in demand from automotive sector.

However, restraining factors are limitations on the usage of polycyclic aromatic hydrocarbon (PAH) and rising environmental hazards, fall in crude oil prices.

The process oil market in North America is expected to hold the largest share by the end of forecast period due to increase in the use of process oil in personal care products.

However, the Asia-Pacific Market is anticipated to be the fastest -growing region for process oil market due to rise in growth of rubber and tire market.

Industry Structure and Updates

  • The oil and gas producer, Chevron is in talks with Brazilian state-run oil firm Petrobras to acquire its oil refining unit in Texas, US.
Companies Profiled
  • Avista Oil AG
  • Calumet Specialty Products Partner L.P.
  • Chevron
  • Cross Oil
  • Exxon Mobil Chemical Company
  • Gandhar Oil
  • Hydrodec Group
  • Idemitsu Kosan Co. Ltd.
  • Lanxess Process Oil
  • Lukoil Oil Company
  • Nynas
  • Panama Petrochem Ltd.
  • PetroChina Company
  • Process Oils Inc.
  • Repsol
  • Royal Dutch Shell PLC
  • Total S.A.
  • and more...

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Process Oil Market Segmentation, Forecasts and Trends - by Type

6. Global Process Oil Market Segmentation, Forecasts and Trends - by Raw Material

7. Global Process Oil Market Segmentation, Forecasts and Trends - by Application

8. Global Process Oil Market Segmentation, Forecasts and Trends - by Region

9. Company Market Share Analysis

10. Company Profiles

11. Industry Structure

12. Global Process Oil Market - The Road Ahead

For more information about this report visit
Laura Wood, Senior Press Manager
[email protected]
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Related Topics: Petrochemicals , Lubricants and Greases

Source: Business Wire (November 7, 2018 - 6:06 AM EST)

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