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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.

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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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Principal Consultant
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Country-wise Insights

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

  • Calumet Specialty Products Partners, L.P.
  • CASTROL LIMITED
  • Chevron Corporation
  • Exxon Mobil Corporation
  • H&R GmbH & Co. KGaA
  • Eni SpA
  • Ergon, Inc
  • Fuchs Petrolub SE
  • GOC Petrochemicals Private Limited
  • Grauer & Weil (India) Limited
  • Gulf Oil Lubricants India Ltd
  • Idemitsu Kosan Co.,Ltd.
  • BP Plc
  • Gandhar Oil Refinery (India) Limited
  • Quaker Houghton Inc
  • China Petroleum & Chemical Corp (Sinopec Corporation)
  • TOTALEnergies
  • Shell plc.
  • Nynas AB
  • Savita Oil Technologies Ltd
  • Panama Petrochem Ltd.
  • Petroliam Nasional Berhad (PETRONAS)

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.

Nikhil Kaitwade
Principal Consultant
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List of Charts

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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