(2021-2030) Statistical Data Analysis of Base Oil Market, Major

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Base oil market

The Business Research Company’s “Base Oil Global Market Report 2021 – COVID-19 Impact And Recovery” is the most comprehensive report available in this market, with analysis of historical and forecasted market growth, drivers and restraints. are the cause, and highlights the opportunities that companies in the sector can seize. The market research report helps to gain a truly global perspective of the Base Oil industry as it covers 60 geographies. Regional and country breakdowns give an analysis of the market in each geographic area, with information on the market size by region and country.

The countries covered in the global base oil market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, l ‘Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam .

The regions covered by the global base oil market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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The base oil market consists of the sales of base oil by entities (organizations, independent traders and partnerships) that are produced from the refining of crude oil or synthetic materials. It is the most commonly used lubricating oil. Base oil is classified among the hydrocarbons with 18 to 40 carbon atoms which have a boiling point between 550 and 1050 F. Various products such as lubricating oils, motor oil, process fluids metals and the like are made using base oils.

The global base oils market is expected to grow from $ 27.39 billion in 2020 to $ 27.95 billion in 2021 at a compound annual growth rate (CAGR) of 2.1%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The base oils market is expected to reach $ 36.64 billion in 2025 at a CAGR of 7%.

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The global base oils market is segmented –
1) By Type: Mineral, Synthetic, Bio-based
2) By Group: Group I, Group II, Group III, Group IV, Group V
3) By application: automotive oil, industrial oil, metalworking fluid, grease, hydraulic oil, others

The main players in the base oils market are Chevron Corporation, Exxon Mobil Corporation, Royal Dutch Shell Plc., Ergon Inc., Neste Oyj, Nynas AB, S-OIL CORPORATION, Sepahan Oil, Repsol SA, Sinopec Limited, BP PLC, H&R Group, Saudi Aramco and SK Lubricants Co. Ltd.

Need more? To learn more about the base oil market, click here:
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The table of contents includes:
1. Summary
2. Characteristics of the base oil market
3. Base Oil Market Trends and Strategies
4. Impact of COVID-19 on base oil
5. Size and growth of the base oil market
…..
26. African base oil market
27. Base Oil Market Competitive Landscape and Company Profiles
28. Key mergers and acquisitions in the base oil market
29. Future Outlook of the Base Oil Market and Potential Analysis
30. Annex

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