Specialty Oils Market
Will Rapid Shift Towards Bio-based Products Elevate Demand for Specialty Oils? Find Out With FMI’s Latest Analysis!
Specialty Oils Market by Product Type, End-Use Industry & Region - Forecast 2022 - 2032
Specialty Oils Outlook (2022-2032)
[378 Pages Report] The global specialty oils market size was valued at US$ 121817.4 Mn in 2021 and is likely to touch a valuation of US$ 125,369.2 Mn by 2022. Furthermore, with rising consumption of specilaity oils across automotive and manufacturing industries, the overall demand for specialty oils is projected to rise at 3.4% CAGR between 2022 and 2032, totaling a valuation of US$175,703.8 Mn by 2032.
|
Specialty Oils Market Size (2021A) |
US$ 121,817.4 Mn |
|
Estimated Market Size (2022E) |
US$ 125,369.2 Mn |
|
Projecetd Market Size (2032F) |
US$ 175,703.8 Mn |
|
Value-based CAGR (2022-2032) |
3.4% |
|
Collective Value Share: Top 3 Countries (2022E) |
48.2% |
Over the years, demand for specialty oils has risen at a significant pace due to rapid growth of end-use industries and the necessity of the continuous power supply for working of the machinery.
Demand is especially high for specialty oils like white oil and transformer oil due to increasing usage in pharmaceuticals & personal care products and power transformers. Thus, rising demand in the personal care, automotive and power transmission sectors is expected to provide a strong impetus to the growth of specialty oils market during the forecast period.
In addition, growing concerns about CO2 emissions and changing preferences for renewable raw materials are forcing major market players to invest in research and development to bring environmentally friendly products to market. Using biodegradable and vegetable oil-based fluids avoids spillage and disposal problems associated with traditional fluids. Demand for specialty oils will also increase with faster regulatory approvals for wastewater treatment and disposal
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2017-2021 Specialty Oils Market Outlook Compared to 2022-2032 Forecast
The global specialty oils market is anticipated to grow at a steady CAGR of 3.1% between 2022 and 2032m in comparison to 0.7% CAGR registered during the historical period of 2017 to 2021.
Rising usage of specialty oils across diverse industries including automotive, power generation, pharmaceutical, personal care & cosmetics, manufacturing, heavy engineering equipment, and transmission & distribution is a key factor driving growth in the global specialty oils market.
Several multinational companies have well-established and integrated value chains involved in the manufacture of raw materials and the supply of motor oils as finished products. These companies are able to integrate across multiple stages of the value chain, maintain a continuous supply of raw materials, and keep manufacturing costs low.
What are the Key Trends Driving the Global Specialty Oils Market?
“Rising Demand for Uninterrupted Power Supply-Vital Across End-Use Industries to Bolster Sales of Specialty Oils”
Power generation sector is expected to expand in response to the growing demand for a stable electricity supply. In an industry that relies heavily on electricity, even a short power outage can damage equipment, reduce productivity, and result in lost customers and revenue. Power outages can be caused by inefficient operation of heavy equipment or unexpected equipment downtime.
Reducing unplanned downtime is therefore a major concern for maximizing production and profitability in the power generation business. Proper lubrication ensures the efficient operation of many machines in the power generation industry, resulting in highly reliable equipment.
As industrial oils are required for smooth operation, the demand for these specialty oils will increase with the expansion of the power generation industry during the assessment period.
Similarly, rapid growth of power distribution infrastructure due to increasing government investments is expected to push the demand for specialty oils like transformer oil during the forecast period.
“Rapid Transition Towards Bio-based Oils to Steer Growth in the Global Specialty Oils Market”
In recent years, a shift towards bio-based oils or renewable sources has been observed. This change is expected to remain in the market for a long time. These bio-based oils use biodegradable raw materials that are harmless to the environment and find many opportunities in the food and beverage industry.
Key market players are also focusing on developing sustainable products and using biodegradable raw materials to reduce dependence on petroleum and non-renewable raw material resources.
Also, the growth of these bio-based oils is expected to be supported by strict government regulations and laws imposed on conventional oils. All these factors are expected to create opportunities for bio-based specialty oils during the forecast period.
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Why is India Becoming a Promising Market for Specilaity Oils?
“Rapid Expansion of Energy Infrastructure Pushing Sales of Specialty Oils in India”
India is expected to remain one of the fastest-growing markets for the production and consumption of specialty oils during the forecast period.. Expansion & development of electric grids in India and the upgrading of electric grids as a result of increasing industrialization and urbanization are the key factors propelling the growth of the global specialty oil market during the forecast period.
Similarly, increasing investments by government on the grid network and transmission and distribution system expansion will hasten the projected rise in power consumption caused by the quick industrialization and urbanization. The installation of new transformers and switchgear would boost the market for transformer oil throughout the forecast period which is expected to play a crucial role in bolstering the sales of specialty oils in the coming period.
Transformer oil demand is directly correlated with growth in the power industry in India. Thus, rapid industrial growth and the government's commitment to increase rural electrification are expected to psug the demand for specialty oils like transformer oil in the market.
Furthermore, easy availability of raw materials at lower costs and growth in industries like pharmaceutical, personal care & cosmetics, and food & beverages will expand the Indian specialty oils market over the next decade.
FMI predicts the specialty oils market in India to reach around US$ 10,811.6 Mn by the end of 2032.
What is the Demand Outlook for Specialty Oils in China?
“Booming End-Use Industries Driving Growth in China’s Specilaity Oils Market”
As per FMI, demand for specialty oils in China is poised to grow at a steady CAGR of 3.7% during the forecast period, owing to the robust growth of the end-use industries.
China’s automotive industry as a whole has adopted a significant amount of technical innovation. Due to the tactical vehicle mechanics and operational plans that automotive manufacturers are using, the market for high-performance engine oils is always expanding and is expected to drive the sales of specialty oils in the future.
Thanks to presence of a large number of vehicle manufacturers and increasing industrialization and commercialization, China has recently become the center of the world's automobile industry. The Chinese government has taken steps to reduce emissions, such as increasing the number of electric and hybrid cars on the road.
These hybrid and electric automobiles are further anticipated to raise demand for the automotive engine oil. This will support the growth of specialty oils market in China over the next ten years.
Category-wise Insights
Which is the Top Selling Product Type in Specilaity Oils Market?
“Demand to Remain High for Transformer Oil in the Market”
By product type, transformer oils segment is anticipated to grow at a robust CAGR of 8.0% by value over the forecast period (2022-2032). This can be attributed to the rapid expansion of energy infrastructure across the world.
In 2021, global energy consumption increased by 5.5%, which is 4.8% more than it was in 2019, according to the World Energy and Climate Statistics - Yearbook 2022. China, the world's largest electricity consumer, saw an increase in power consumption of nearly 10%, exceeding both its 2019 level and its trend of 7.3% annual growth between 2010 and 2019. This increase was brought on by the economic recovery. China accounts for 31% of global electricity consumption.
Additionally, it is projected that over the forecast period, the rapid building of energy transmission and distribution infrastructure in developing nations will boost transformer oil sales. Furthermore, the preference for producing electricity from renewable sources is fostering the expansion of electric power.
All these aforementioned factors will continue to boost the growth ofn transformer oil segment during the forecast period.
How is Growing Automotive Industry Bolstering The Sales Of Specialty Oils?
“Surging Demand for Automotive Oils Making Automotive Industry the Most Lucrtaive End-Use Industry for Specialty Oils”
Automobile sales have a direct effect on the automotive oil sector. Despite recent economic volatility, the global automotive industry has typically experienced respectable growth. Rising car production and sales are estimated to be some of the major factors fueling the automotive oil industry over the forecasted timeframe.
In comparison to industrialized nations, emerging economies are predicted to have higher levels of automotive production. This is due to the rising urbanization and steady economic conditions in these regions. The on-road fleet is also anticipated to grow during the projected period at a modest CAGR, offering a small window of opportunity for the expansion of the automotive oil market.
Thus, increasing usage of automotive oil is expected to create favorable market conditions for specialty oils. FMI predicts the automotive segment is to register a CAGR of 1.8% during the forecast period.
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Competitive Landscape
To increase their annual turnover and fortify their market position globally, major manufacturers are buying up other small-scale market players. Similiarly, they are utilizing strategies such as new product launches, collabotaions, mergers and expansion activities to increase their revenue share. For instance:
- In May 2021, Calumet Specialty Products in partnership with Aevitas Inc. launched new line of transformer oils for the Canadian market.
- In July 2022, the Petroleum Nasional Berhad (PETRONAS) announced a strategic lubricant partnership with Tata Motors to supply lubricants for Tata Motor's commercial fleet.
- In July 2021, SKF and Quaker Houghton entered into a new collaboration to offer industrial customers fully circular use of industrial oil.
Similarly, a large number of startups are entering the market to take benefist of the emerging opportunies arisoing from growing end-use industries. They are introducing advanced speciality oils with better efficiency.
Scope of Report
|
Attribute |
Details |
|
Estimated Market Value (2022) |
US$ 125, 369.2 Mn |
|
Projected Market Value (2032) |
US$ 175,703.8 Mn |
|
Anticipated Growth Rate (2022-2032) |
3.4% |
|
Forecast Period |
2022-2032 |
|
Historical Data Available for |
2017-2021 |
|
Market Analysis |
USD Million for Value and Kilo Tons for Volume |
|
Key Countries Covered |
U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, BENELUX, Nordics, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, Northern Africa, South Africa |
|
Key Segments Covered |
Product Type, End-Use Industry, and Region |
|
Key Companies Profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Specialty Oils Market Segmentation
By Product Type:
- White Oil
- Automotive Oil
- Transformer Oil
- Industrial Oil
- Liquid Paraffin
- Rubber Process Oil
- Petroleum Jelly
By End-Use Industry:
- Automotive
- Power Generation
- Pharmaceutical
- Personal Care & Cosmetics
- Food & Beverages
- Manufacturing
- Heavy Engineering Equipment
- Transmission & Distribution
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Frequently Asked Questions
The global market of specialty oils is estimated to reach a valuation of US$ 125,369.2 Mn in 2022.
The specialty oils demand is anticipated to witness a growth rate of 3.4% over the forecast period of 2022 and 2032 in terms of value.
PaCalumet Specialty Products Partners, L.P., CASTROL LIMITED, Chevron Corporation, Exxon Mobil Corporation, H&R GmbH & Co. KGaA, Eni SpA, and others are identified as the key manufacturers in the specialty oils market.
Key players in the global specialty oils market are expected to account for about 44% of the overall market share.
The top countries driving the global specialty oils demand are China, Germany, India, and the U.S.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Specialty Oils Market Demand Analysis 2017–2021 and Forecast, 2022–2032
5.1. Historical Market Volume (KT) Analysis, 2017–2021
5.2. Current and Future Market Volume (KT) Projections, 2022–2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Specialty Oils Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
6.2.1. Product Pricing Analysis
7. Global Specialty Oils Market Demand (in Value or End-Use Industry in US$ Mn) Analysis 2017–2021 and Forecast, 2022–2032
7.1. Historical Market Value (US$ Mn) Analysis, 2017–2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022–2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Outlook
8.1.2. Global Chemical Industry Outlook
8.1.3. Global Chemical Sales Overview
8.1.4. Food and Beverages Industry Overview
8.1.5. Global Natural Rubber Producing Countries
8.1.6. Global Rubber Consumption
8.1.7. Global Crude Oil Production and Demand Overview
8.1.8. Global Automotive Production by Region
8.1.9. Transformation In The Chemical Industry
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. Product Distributors / Suppliers
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis
8.7. Production Process Overview
8.7.1. White Oil
8.7.2. Automotive Oil
8.7.3. Transformer Oil
8.7.4. Rubber Process Oil
8.7.5. Petroleum Jelly
8.8. Trade Scenario
8.8.1. Global Import and Export Analysis by Country
8.8.2. India Import and Export Overview
8.9. Key Regulations Overview
8.9.1. Global Regulations Overview
8.9.2. India Regulations Overview
9. Global Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032, by Product Type
9.1. Introduction / Key Findings
9.2. Historical Market End-Use Industry (US$ Mn) and Volume Analysis By Product Type, 2017–2021
9.3. Current and Future Market End-Use Industry (US$ Mn) and Volume Analysis and Forecast By Product Type, 2022–2032
9.3.1. White Oil
9.3.2. Automotive Oil
9.3.3. Transformer Oil
9.3.4. Industrial Oil
9.3.5. Rubber Process Oil
9.3.6. Petroleum Jelly
9.4. Market Attractiveness Analysis By Product Type
10. Global Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032, by End-Use Industry
10.1. Introduction / Key Findings
10.2. Historical Market End-Use Industry (US$ Mn) and Volume Analysis By End-Use Industry, 2017–2021
10.3. Current and Future Market End-Use Industry (US$ Mn) and Volume Analysis and Forecast By End-Use Industry, 2022–2032
10.3.1. Automotive
10.3.2. Power Generation
10.3.3. Pharmaceutical
10.3.4. Personal Care & Cosmetics
10.3.5. Food & Beverages
10.3.6. Manufacturing
10.3.7. Heavy Engineering Equipment
10.3.8. Transmission & Distribution
10.3.9. Others
10.4. Market Attractiveness Analysis By End-Use Industry
11. Global Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032, by Region
11.1. Introduction
11.2. Historical Market End-Use Industry (US$ Mn) and Volume Analysis By Region, 2017–2021
11.3. Current Market End-Use Industry (US$ Mn) and Volume Analysis and Forecast By Region, 2022–2032
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. South Asia Pacific
11.3.5. East Asia
11.3.6. Middle East & Africa
11.3.7. India
11.4. Market Attractiveness Analysis By Region
12. North America Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market End-Use Industry (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2021
12.4. Market End-Use Industry (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032
12.4.1. By Country
12.4.1.1. U.S.
12.4.1.2. Canada
12.4.2. By Product Type
12.4.3. By End-Use Industry
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By End-Use Industry
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping
12.8. Drivers and Restraints - Impact Analysis
13. Latin America Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market End-Use Industry (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2021
13.4. Market End-Use Industry (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Rest of Latin America
13.4.2. By Product Type
13.4.3. By End-Use Industry
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By End-Use Industry
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Europe Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market End-Use Industry (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2021
14.4. Market End-Use Industry (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. Italy
14.4.1.3. France
14.4.1.4. U.K.
14.4.1.5. Spain
14.4.1.6. BENELUX
14.4.1.7. Russia
14.4.1.8. Rest of Europe
14.4.2. By Product Type
14.4.3. By End-Use Industry
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By End-Use Industry
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. South Asia Pacific Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market End-Use Industry (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2021
15.4. Market End-Use Industry (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032
15.4.1. By Country
15.4.1.1. ASEAN
15.4.1.2. ANZ
15.4.1.3. Rest of South Asia Pacific
15.4.2. By Product Type
15.4.3. By End-Use Industry
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By End-Use Industry
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. East Asia Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market End-Use Industry (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2021
16.4. Market End-Use Industry (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.2. By Product Type
16.4.3. By End-Use Industry
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By End-Use Industry
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market End-Use Industry (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2021
17.4. Market End-Use Industry (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. Turkey
17.4.1.3. Northern Africa
17.4.1.4. South Africa
17.4.1.5. Rest of Middle East and Africa
17.4.2. By Product Type
17.4.3. By End-Use Industry
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By End-Use Industry
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. India Specialty Oils Market Analysis 2017–2021 and Forecast 2022–2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market End-Use Industry (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017–2021
18.4. Market End-Use Industry (US$ Mn) and Volume Forecast By Market Taxonomy, 2022–2032
18.4.1. By Product Type
18.4.2. By End-Use Industry
18.5. Market Attractiveness Analysis
18.5.1. By Product Type
18.5.2. By End-Use Industry
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Emerging Countries Specialty Oils Market Analysis
19.1. Introduction
19.1.1. Market Value Proportion Analysis, By Key Countries
19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Specialty Oils Market Analysis
19.2.1. By Product Type
19.2.2. By End-Use Industry
19.3. Canada Specialty Oils Market Analysis
19.3.1. By Product Type
19.3.2. By End-Use Industry
19.4. Mexico Specialty Oils Market Analysis
19.4.1. By Product Type
19.4.2. By End-Use Industry
19.5. Brazil Specialty Oils Market Analysis
19.5.1. By Product Type
19.5.2. By End-Use Industry
19.6. Germany Specialty Oils Market Analysis
19.6.1. By Product Type
19.6.2. By End-Use Industry
19.7. Italy Specialty Oils Market Analysis
19.7.1. By Product Type
19.7.2. By End-Use Industry
19.8. France Specialty Oils Market Analysis
19.8.1. By Product Type
19.8.2. By End-Use Industry
19.9. U.K. Specialty Oils Market Analysis
19.9.1. By Product Type
19.9.2. By End-Use Industry
19.10. Spain Specialty Oils Market Analysis
19.10.1. By Product Type
19.10.2. By End-Use Industry
19.11. Russia Specialty Oils Market Analysis
19.11.1. By Product Type
19.11.2. By End-Use Industry
19.12. BENELUX Specialty Oils Market Analysis
19.12.1. By Product Type
19.12.2. By End-Use Industry
19.13. China Specialty Oils Market Analysis
19.13.1. By Product Type
19.13.2. By End-Use Industry
19.14. Japan Specialty Oils Market Analysis
19.14.1. By Product Type
19.14.2. By End-Use Industry
19.15. S. Korea Specialty Oils Market Analysis
19.15.1. By Product Type
19.15.2. By End-Use Industry
19.16. ASEAN Specialty Oils Market Analysis
19.16.1. By Product Type
19.16.2. By End-Use Industry
19.17. Oceania Specialty Oils Market Analysis
19.17.1. By Product Type
19.17.2. By End-Use Industry
19.18. Turkey Specialty Oils Market Analysis
19.18.1. By Product Type
19.18.2. By End-Use Industry
19.19. GCC Countries Specialty Oils Market Analysis
19.19.1. By Product Type
19.19.2. By End-Use Industry
19.20. Northern Africa Specialty Oils Market Analysis
19.20.1. By Product Type
19.20.2. By End-Use Industry
19.21. South Africa Specialty Oils Market Analysis
19.21.1. By Product Type
19.21.2. By End-Use Industry
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Specialty Oils)
20.2. Market Share Analysis of Top Players
20.3. Key Players Market Presence Analysis
20.4. Key Players Product Mapping
20.4.1. White Oil
20.4.2. Automotive Oil
20.4.3. Transformer Oil
20.4.4. Industrial Oil
20.4.5. Rubber Process Oil
20.4.6. Petroleum Jelly
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. Apar Industries Limited
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Profitability by Market Segments (Product/Channel/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. PaCalumet Specialty Products Partners, L.P.
21.3.2.1. Overview
21.3.2.2. Product Portfolio
21.3.2.3. Profitability by Market Segments (Product/Channel/Region)
21.3.2.4. Sales Footprint
21.3.2.5. Strategy Overview
21.3.3. CASTROL LIMITED
21.3.3.1. Overview
21.3.3.2. Product Portfolio
21.3.3.3. Profitability by Market Segments (Product/Channel/Region)
21.3.3.4. Sales Footprint
21.3.3.5. Strategy Overview
21.3.4. Chevron Corporation
21.3.4.1. Overview
21.3.4.2. Product Portfolio
21.3.4.3. Profitability by Market Segments (Product/Channel/Region)
21.3.4.4. Sales Footprint
21.3.4.5. Strategy Overview
21.3.5. Exxon Mobil Corporation
21.3.5.1. Overview
21.3.5.2. Product Portfolio
21.3.5.3. Profitability by Market Segments (Product/Channel/Region)
21.3.5.4. Sales Footprint
21.3.5.5. Strategy Overview
21.3.6. H&R GmbH & Co. KGaA
21.3.6.1. Overview
21.3.6.2. Product Portfolio
21.3.6.3. Profitability by Market Segments (Product/Channel/Region)
21.3.6.4. Sales Footprint
21.3.6.5. Strategy Overview
21.3.7. Eni SpA
21.3.7.1. Overview
21.3.7.2. Product Portfolio
21.3.7.3. Profitability by Market Segments (Product/Channel/Region)
21.3.7.4. Sales Footprint
21.3.7.5. Strategy Overview
21.3.8. Ergon, Inc
21.3.8.1. Overview
21.3.8.2. Product Portfolio
21.3.8.3. Profitability by Market Segments (Product/Channel/Region)
21.3.8.4. Sales Footprint
21.3.8.5. Strategy Overview
21.3.9. Fuchs Petrolub SE
21.3.9.1. Overview
21.3.9.2. Product Portfolio
21.3.9.3. Profitability by Market Segments (Product/Channel/Region)
21.3.9.4. Sales Footprint
21.3.9.5. Strategy Overview
21.3.10. GOC Petrochemicals Private Limited
21.3.10.1. Overview
21.3.10.2. Product Portfolio
21.3.10.3. Profitability by Market Segments (Product/Channel/Region)
21.3.10.4. Sales Footprint
21.3.10.5. Strategy Overview
21.3.11. Grauer & Weil (India) Limited
21.3.11.1. Overview
21.3.11.2. Product Portfolio
21.3.11.3. Profitability by Market Segments (Product/Channel/Region)
21.3.11.4. Sales Footprint
21.3.11.5. Strategy Overview
21.3.12. Gulf Oil Lubricants India Ltd
21.3.12.1. Overview
21.3.12.2. Product Portfolio
21.3.12.3. Profitability by Market Segments (Product/Channel/Region)
21.3.12.4. Sales Footprint
21.3.12.5. Strategy Overview
21.3.13. Idemitsu Kosan Co.,Ltd.
21.3.13.1. Overview
21.3.13.2. Product Portfolio
21.3.13.3. Profitability by Market Segments (Product/Channel/Region)
21.3.13.4. Sales Footprint
21.3.13.5. Strategy Overview
21.3.14. BP Plc
21.3.14.1. Overview
21.3.14.2. Product Portfolio
21.3.14.3. Profitability by Market Segments (Product/Channel/Region)
21.3.14.4. Sales Footprint
21.3.14.5. Strategy Overview
21.3.15. Gandhar Oil Refinery (India) Limited
21.3.15.1. Overview
21.3.15.2. Product Portfolio
21.3.15.3. Profitability by Market Segments (Product/Channel/Region)
21.3.15.4. Sales Footprint
21.3.15.5. Strategy Overview
21.3.16. Quaker Houghton Inc
21.3.16.1. Overview
21.3.16.2. Product Portfolio
21.3.16.3. Profitability by Market Segments (Product/Channel/Region)
21.3.16.4. Sales Footprint
21.3.16.5. Strategy Overview
21.3.17. China Petroleum & Chemical Corp (Sinopec Corporation)
21.3.17.1. Overview
21.3.17.2. Product Portfolio
21.3.17.3. Profitability by Market Segments (Product/Channel/Region)
21.3.17.4. Sales Footprint
21.3.17.5. Strategy Overview
21.3.18. TOTALEnergies
21.3.18.1. Overview
21.3.18.2. Product Portfolio
21.3.18.3. Profitability by Market Segments (Product/Channel/Region)
21.3.18.4. Sales Footprint
21.3.18.5. Strategy Overview
21.3.19. Shell plc.
21.3.19.1. Overview
21.3.19.2. Product Portfolio
21.3.19.3. Profitability by Market Segments (Product/Channel/Region)
21.3.19.4. Sales Footprint
21.3.19.5. Strategy Overview
21.3.20. Nynas AB
21.3.20.1. Overview
21.3.20.2. Product Portfolio
21.3.20.3. Profitability by Market Segments (Product/Channel/Region)
21.3.20.4. Sales Footprint
21.3.20.5. Strategy Overview
21.3.21. Savita Oil Technologies Ltd
21.3.21.1. Overview
21.3.21.2. Product Portfolio
21.3.21.3. Profitability by Market Segments (Product/Channel/Region)
21.3.21.4. Sales Footprint
21.3.21.5. Strategy Overview
21.3.22. Panama Petrochem Ltd.
21.3.22.1. Overview
21.3.22.2. Product Portfolio
21.3.22.3. Profitability by Market Segments (Product/Channel/Region)
21.3.22.4. Sales Footprint
21.3.22.5. Strategy Overview
21.3.23. Petroliam Nasional Berhad (PETRONAS)
21.3.23.1. Overview
21.3.23.2. Product Portfolio
21.3.23.3. Profitability by Market Segments (Product/Channel/Region)
21.3.23.4. Sales Footprint
21.3.23.5. Strategy Overview
21.3.24. Repsol SA
21.3.24.1. Overview
21.3.24.2. Product Portfolio
21.3.24.3. Profitability by Market Segments (Product/Channel/Region)
21.3.24.4. Sales Footprint
21.3.24.5. Strategy Overview
21.3.25. Valvoline, Inc
21.3.25.1. Overview
21.3.25.2. Product Portfolio
21.3.25.3. Profitability by Market Segments (Product/Channel/Region)
21.3.25.4. Sales Footprint
21.3.25.5. Strategy Overview
21.3.26. Philips 66
21.3.26.1. Overview
21.3.26.2. Product Portfolio
21.3.26.3. Profitability by Market Segments (Product/Channel/Region)
21.3.26.4. Sales Footprint
21.3.26.5. Strategy Overview
21.3.27. Raj Petro Specialities Pvt. Ltd.
21.3.27.1. Overview
21.3.27.2. Product Portfolio
21.3.27.3. Profitability by Market Segments (Product/Channel/Region)
21.3.27.4. Sales Footprint
21.3.27.5. Strategy Overview
21.3.28. Vinayak Oil
21.3.28.1. Overview
21.3.28.2. Product Portfolio
21.3.28.3. Profitability by Market Segments (Product/Channel/Region)
21.3.28.4. Sales Footprint
21.3.28.5. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology
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List of Tables
Table 01: Global Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 02: Global Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 03: Global Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032
Table 04: Global Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Region, 2017-2032
Table 05: North America Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Country, 2017-2032
Table 06: North America Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 07: North America Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 08: North America Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032
Table 09: Latin America Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Country, 2017-2032
Table 10: Latin America Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 11: Latin America Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 12: Latin America Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032
Table 13: Europe Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Country, 2017-2032
Table 14: Europe Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 15: Europe Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 16: Europe Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032
Table 17: East Asia Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Country, 2017-2032
Table 18: East Asia Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 19: East Asia Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 20: East Asia Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032
Table 21: South Asia Pacific Specialty Oils Market Size Volume (KGs) and Value (US$ Th) Forecast By Country, 2017-2032
Table 22: South Asia Pacific Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 23: South Asia Pacific Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 24: South Asia Pacific Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032
Table 25: MEA Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Country, 2017-2032
Table 26: MEA Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 27: MEA Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 28: MEA Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032
Table 29: India Specialty Oils Market Size Volume (KT) and Value (US$ Mn) Forecast By Product Type, 2017-2032
Table 30: India Specialty Oils Market Size Volume (KT) Forecast By End-Use Industry, 2017-2032
Table 31: India Specialty Oils Market Size (US$ Mn) Forecast By End-Use Industry, 2017-2032.
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Figure 01: Global Specialty Oils Historical Market Volume (KT) Analysis, 2017-2021
Figure 02: Global Specialty Oils Current and Future Market Volume (KT) Analysis, 2022-2032
Figure 03: Global Specialty Oils Market Value (US$ Mn), 2017 – 2021
Figure 04: Global Specialty Oils Market Value (US$ Mn) Forecast, 2022 – 2032
Figure 05: Global Specialty Oils Market Absolute $ Opportunity, 2017 to 2022 and 2032
Figure 06: Global Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 07: Global Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 08: Global Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 09: Global Specialty Oils Market Absolute $ Opportunity by White Oil Segment, 2017-2032
Figure 10: Global Specialty Oils Market Absolute $ Opportunity by Automotive Oil Segment, 2017-2032
Figure 11: Global Specialty Oils Market Absolute $ Opportunity by Transformer Oil Segment, 2017-2032
Figure 12: Global Specialty Oils Market Absolute $ Opportunity by Industrial Oil Segment, 2017-2032
Figure 13: Global Specialty Oils Market Absolute $ Opportunity by Rubber Process Oil Segment, 2017-2032
Figure 14: Global Specialty Oils Market Absolute $ Opportunity by Petroleum Jelly Segment, 2017-2032
Figure 15: Global Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 16: Global Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 17: Global Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
Figure 18: Global Specialty Oils Market Absolute $ Opportunity by Automotive Segment, 2017-2032
Figure 19: Global Specialty Oils Market Absolute $ Opportunity by Power Generation Segment, 2017-2032
Figure 20: Global Specialty Oils Market Absolute $ Opportunity by Pharmaceutical Segment, 2017-2032
Figure 21: Global Specialty Oils Market Absolute $ Opportunity by Personal Care & Cosmetics Segment, 2017-2032
Figure 22: Global Specialty Oils Market Absolute $ Opportunity by Food & Beverages Segment, 2017-2032
Figure 23: Global Specialty Oils Market Absolute $ Opportunity by Manufacturing Segment, 2017-2032
Figure 24: Global Specialty Oils Market Absolute $ Opportunity by Heavy Engineering Equipment Segment, 2017-2032
Figure 25: Global Specialty Oils Market Absolute $ Opportunity by Transmission & Distribution Segment, 2017-2032
Figure 26: Global Specialty Oils Market Absolute $ Opportunity by Others Segment, 2017-2032
Figure 27: Global Specialty Oils Market Share and BPS Analysis By Region– 2022 & 2032
Figure 28: Global Specialty Oils Market Y-o-Y Growth Projections By Region, 2022 - 2032
Figure 29: Global Specialty Oils Market Attractiveness Analysis By Region, 2022 - 2032
Figure 30: Global Specialty Oils Market Absolute $ Opportunity by North America Segment, 2017-2032
Figure 31: Global Specialty Oils Market Absolute $ Opportunity by Latin America Segment, 2017-2032
Figure 32: Global Specialty Oils Market Absolute $ Opportunity by Europe Segment, 2017-2032
Figure 33: Global Specialty Oils Market Absolute $ Opportunity by East Asia Segment, 2017-2032
Figure 34: Global Specialty Oils Market Absolute $ Opportunity by South Asia Pacific Segment, 2017-2032
Figure 35: Global Specialty Oils Market Absolute $ Opportunity by Segment, 2017-2032
Figure 36: Global Specialty Oils Market Absolute $ Opportunity by India Segment, 2017-2032
Figure 37: North America Specialty Oils Market Share and BPS Analysis By Country– 2022 & 2032
Figure 38: North America Specialty Oils Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure 39: North America Specialty Oils Market Attractiveness Projections By Country, 2022 - 2032
Figure 40: North America Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 41: North America Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 42: North America Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 43: North America Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 44: North America Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 45: North America Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
Figure 46: Latin America Specialty Oils Market Share and BPS Analysis By Country– 2022 & 2032
Figure 47: Latin America Specialty Oils Market Y-o-Y Growth Projections By Country, 2020 - 2031
Figure 48: Latin America Specialty Oils Market Attractiveness Projections By Country, 2020 - 2031
Figure 49: Latin America Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 50: Latin America Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 51: Latin America Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 52: Latin America Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 53: Latin America Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 54: Latin America Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
Figure 55: Europe Specialty Oils Market Share and BPS Analysis By Country– 2022 & 2032
Figure 56: Europe Specialty Oils Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure 57: Europe Specialty Oils Market Attractiveness Projections By Country, 2022 - 2032
Figure 58: Europe Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 59: Europe Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 60: Europe Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 61: Europe Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 62: Europe Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 63: Europe Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
Figure 64: East Asia Specialty Oils Market Share and BPS Analysis By Country– 2022 & 2032
Figure 65: East Asia Specialty Oils Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure 66: East Asia Specialty Oils Market Attractiveness Projections By Country, 2022 - 2032
Figure 67: East Asia Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 68: East Asia Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 69: East Asia Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 70: East Asia Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 71: East Asia Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 72: East Asia Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
Figure 73: South Asia Pacific Specialty Oils Market Share and BPS Analysis By Country– 2022 & 2032
Figure 74: South Asia Pacific Specialty Oils Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure 75: South Asia Pacific Specialty Oils Market Attractiveness Projections By Country, 2022 - 2032
Figure 76: South Asia Pacific Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 77: South Asia Pacific Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 78: South Asia Pacific Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 79: South Asia Pacific Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 80: South Asia Pacific Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 81: South Asia Pacific Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
Figure 82: MEA Specialty Oils Market Share and BPS Analysis By Country– 2022 & 2032
Figure 83: MEA Specialty Oils Market Y-o-Y Growth Projections By Country, 2022 - 2032
Figure 84: MEA Specialty Oils Market Attractiveness Projections By Country, 2022 - 2032
Figure 85: MEA Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 86: MEA Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 87: MEA Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 88: MEA Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 89: MEA Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 90: MEA Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
Figure 91: India Specialty Oils Market Share and BPS Analysis By Product Type– 2022 & 2032
Figure 92: India Specialty Oils Market Y-o-Y Growth Projections By Product Type, 2022 - 2032
Figure 93: India Specialty Oils Market Attractiveness Analysis By Product Type, 2022 - 2032
Figure 94: India Specialty Oils Market Share and BPS Analysis By End-Use Industry– 2022 & 2032
Figure 95: India Specialty Oils Market Y-o-Y Growth Projections By End-Use Industry, 2022 - 2032
Figure 96: India Specialty Oils Market Attractiveness Analysis By End-Use Industry, 2022 – 2032
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