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Global Process Oil Market is Expected to Reach $5.96 billion by 2023.

Global Process Oil Market Research Report

Global Process Oil Market Research Report

Market Research Report on Global Process Oil Market

RAIPUR, INDIA, January 22, 2018 / --

Report Sellers has added a new market research report “Process Oil - Global Market Outlook (2017-23)” to its offerings.

According to Report, Global process oil market is accounted for $4.11 billion in 2016 and expected to grow at a CAGR of 5.4% to reach $5.96 billion by 2023. The market is driven by growth of the end user industries, increasing renewable energy installations and demand for personal care products. However, limitations on the usage of polycyclic aromatic hydrocarbon (PAH) and rising environmental hazards will impede market growth. Furthermore, fall in crude oil prices will pose challenge for the market. Moreover, increasing demand for low viscosity oils and increasing demand for green oils (bio-based transformer oil) and next-generation process oils will be the trends that will gain traction.

Among applications, the tire & rubber segment dominated the market because of the increasing surge for fuel efficiency and lower energy consumption in the automotive industry. Asia Pacific accounted for the maximum share of the market which attributes to the growth in the polymer and textile industries. Additionally, increase in the trade of automobiles has boosted the tire and rubber sector. North America and Latin America are expected to witness significant growth during the forecast period. In the Latin America, the demand for high quality process oil is gaining traction.

The key players in Global Process Oil market are Ergon Inc., Chevron Corp, Exxon Mobil Corporation, Nynas AB, Idemitsu Kosan Co., Ltd., Total S.A, Royal Dutch Shell plc., Hindustan Petroleum Corporation Limited, Petroliam Nasional Berhad (PETRONAS), Panama Petrochem Ltd, ORGKHIM BIOCHEMICAL HOLDING, San Joaquin Refining Co., Inc. and Behran Oil Co.

Browse through the complete description and in-depth TOC on “Global Process Oil Market”

What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global process oil market has been segmented by applications covered, cheese types covered and regions covered

Applications Covered:
Sauces, dressings, dips, and condiments
Bakery & Confectionery
Ready Meals
Sweet & Savory Snacks
Other Applications
Processed meat and Egg products
Side Dishes
Creams and Desserts

Types Covered:
Petroleum Oils
Fatty Acid Derivatives
Liquid Polymers

Materials Covered:
Paraffinic Oils
Naphthenic Oils
Aromatic Oils

Regions Covered:
North America
Rest of Europe
Asia Pacific
New Zealand
South Korea
Rest of Asia Pacific
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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