Base Oil Market size is Projected to Reach USD 40.17 billion by 2029 | Growing at a CAGR of 2.10% fr

Author : Kritika Patil | Published On : 06 Jul 2024

The Base Oil market research report, as published by Market Insight Reports, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.

Base Oil market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the business’s views.

Base Oil Market was valued at USD 34.01 billion in 2021 and is expected to reach USD 40.17 billion by 2029, registering a CAGR of 2.10% during the forecast period of 2022-2029.

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Top Industry Players:

  • Chevron Corporation (U.S.)
  • Exxon Mobil Corporation (U.S.)
  • S-OIL CORPORATION (South Korea)
  • Motiva Enterprises LLC (U.S.)
  • SK innovation Co., Ltd. (South Korea)
  • Shell (Netherlands)
  • Neste (Finland)
  • AVISTA OIL Deutschland GmbH (Germany)
  • Nynas AB (Sweden)
  • Repsol (Spain)
  • Ergon, Inc. (U.S.)
  • Calumet Specialty Products Partners, L.P. (U.S.)
  • H&R Group (Germany)
  • Sinopec Corp. (China)

Market Segmentation:

The base oil market is segmented on the basis of grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.


  • Group I
    • SN 150
    • BS 150
    • SN 250
    • SN 500
    • Others
  • Group II
    • N 150
    • N 500
    • N 600
    • Others
  • Group III
    • [2 cSt
    • 4 cSt
    • 6 cSt
    • 8 cSt
  • Group IV (PAO)
  • Group V (Excluding Naphthenic)
  • Naphthenic
    • 35–60 SUS
    •  80–130 SUS
    •  200–300 SUS
    •  400–800 SUS
    • Above 1,200 SUS
  • Re-Refined


  • Automotive Fluids
  • Lubricants
  • Gear Oils
  • Transmission Fluids
  • Power Steering Fluids
  • Brake Fluids
  • Others
  • Process Oils
  • Rubber Process Oils
  • Textile Process Oils
  • Industrial Oils
  • Transformer Oils
  • Turbine Oils
  • Food Grade Oils
  • Others

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Strategic Points from Table of Content:

– Market Summary

– Economic Impact Competition Analysis by Players

– Production, Revenue (Value) by geographical segmentation

– Base Oil Market Size by Type and Application

– Regional Market Status and Outlook

– Base Oil Market Analysis and Outlook

– Market Forecast by Region, Type, and Application

– Cost Investigation, Market Dynamics

– Marketing Strategy comprehension, Distributors and Traders

– Market Effect Factor Analysis

– Research Finding/ Conclusion

– Appendix

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