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 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--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 ResearchAndMarkets.com’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 UpdatesThe 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 ProfiledAvista Oil AGCalumet Specialty Products Partner L.P.ChevronCross OilExxon Mobil Chemical CompanyGandhar OilHydrodec GroupIdemitsu Kosan Co. Ltd.Lanxess Process OilLukoil Oil CompanyNynasPanama Petrochem Ltd.PetroChina CompanyProcess Oils Inc.RepsolRoyal Dutch Shell PLCTotal S.A.and more...
Key Topics Covered1. 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 https://www.researchandmarkets.com/research/69kdn8/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005434/en/
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Related Topics:Petrochemicals ,Lubricants and Greases
KEYWORD: EUROPE NORTH AMERICA
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 06:06 AM/DISC: 11/07/2018 06:06 AM