Base Oil Market (Grade: Group I, Group II, Group III, Group IV, Group V, Naphthenic, and Re-refined) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Publish Date: Oct 2022

Report Code: TMR1079B

Publisher: Transparency

Single User License: $5795

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Report Highlights

Base Oil Market – Scope of Report

TMR’s report on the global base oil market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global base oil market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global base oil market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the base oil market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global base oil market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global base oil market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global base oil market.

The report delves into the competitive landscape of the global base oil market. Key players operating in the global base oil market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global base oil market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market base oil.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

  • Company websites, presentations, annual reports, white papers, technical paper, product brochure
  • Internal and external proprietary databases and relevant patents
  • National government documents, statistical databases, and market reports
  • News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

  • Industry Sources:
  • WorldWideScience.org
  • Elsevier, Inc.
  • National Institutes of Health (NIH)
  • PubMed
  • NCBI
  • Department of Health Care Service
  • Trade Data Sources
  • Trade Map
  • UN Comtrade
  • Trade Atlas
  • Company Information
  • OneSource Business Browser
  • Hoover’s
  • Factiva
  • Bloomberg
  • Mergers & Acquisitions
  • Thomson Mergers & Acquisitions
  • MergerStat
  • Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

  • Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
  • Purchasing/Sourcing managers, technical personnel, distributors
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

  • Advanced Oncotherapy PLC
  • Danfysik A/S
  • Hitachi, Ltd.
  • IBA Worldwide
  • Mevion Medical Systems, Inc.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2022-2031
Growth rate 1.78%
Units considered $ Million
Segments covered By Grade, By Application, By Region
Industry covered Chemicals And Materials
Countries covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies studied
  • Shell Plc,
  • S-OIL Corporation,
  • Nynas AB,
  • PetroChina Company Limited,
  • Calumet Specialty Products Partners,
  • Gandhar Oil Refinery (India) Limited,
  • Repsol S.A.,
  • Apar Industries Ltd.
  • L.P,
  • Petroleo Brasileiro S.A.,
  • Gulf Petrochem FZC, and Others.

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others

Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.

  • Table 1 : Global Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 2 : Global Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 3 : Global Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 4 : Global Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 5 : Global Base Oil Market Volume (Kilo Tons) Forecast, by Region, 2020–2031
  • Table 6 : Global Base Oil Market Value (US$ Mn) Forecast, by Region, 2020–2031
  • Table 7 : North America Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 8 : North America Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 9 : North America Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 10 : North America Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 11 : North America Base Oil Market Volume (Kilo Tons) Forecast, by Country, 2020–2031
  • Table 12 : North America Base Oil Market Value (US$ Mn) Forecast, by Country, 2020–2031
  • Table 13 : U.S. Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 14 : U.S. Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 15 : U.S. Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 16 : U.S. Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 17 : Canada Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 18 : Canada Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 19 : Canada Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 20 : Canada Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 21 : Europe Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 22 : Europe Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 23 : Europe Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 24 : Europe Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 25 : Europe Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
  • Table 26 : Europe Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031
  • Table 27 : Germany Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 28 : Germany Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 29 : Germany Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 30 : Germany Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 31 : U.K. Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 32 : U.K. Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 33 : U.K. Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 34 : U.K. Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 35 : France Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 36 : France Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 37 : France Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 38 : France Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 39 : Italy Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 40 : Italy Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 41 : Italy Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 42 : Italy Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 43 : Spain Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 44 : Spain Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 45 : Spain Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 46 : Spain Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 47 : Russia & CIS Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 48 : Russia & CIS Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 49 : Russia & CIS Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 50 : Russia & CIS Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 51 : Rest of Europe Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 52 : Rest of Europe Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 53 : Rest of Europe Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 54 : Rest of Europe Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 55 : Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 56 : Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 57 : Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 58 : Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 59 : Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
  • Table 60 : Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031
  • Table 61 : China Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 62 : China Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 63 : China Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 64 : China Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 65 : Japan Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 66 : Japan Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 67 : Japan Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 68 : Japan Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 69 : India Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 70 : India Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 71 : India Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 72 : India Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 73 : ASEAN Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 74 : ASEAN Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 75 : ASEAN Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 76 : ASEAN Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 77 : Rest of Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 78 : Rest of Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 79 : Rest of Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 80 : Rest of Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 81 : Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 82 : Latin America Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 83 : Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 84 : Latin America Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 85 : Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
  • Table 86 : Latin America Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031
  • Table 87 : Brazil Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 88 : Brazil Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 89 : Brazil Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 90 : Brazil Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 91 : Mexico Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 92 : Mexico Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 93 : Mexico Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 94 : Mexico Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 95 : Rest of Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 96 : Rest of Latin America Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 97 : Rest of Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 98 : Rest of Latin America Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 99 : Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 100 : Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 101 : Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 102 : Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 103 : Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031
  • Table 104 : Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031
  • Table 105 : GCC Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 106 : GCC Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 107 : GCC Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 108 : GCC Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 109 : South Africa Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 110 : South Africa Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 111 : South Africa Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 112 : South Africa Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Table 113 : Rest of Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031
  • Table 114 : Rest of Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031
  • Table 115 : Rest of Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031
  • Table 116 : Rest of Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031
  • Figure 1 : Global Base Oil Price Trend, by Application, 2020–2031 (US$/Ton)
  • Figure 2 : Global Base Oil Price Trend, by Region, 2020–2031 (US$/Ton)
  • Figure 3 : Global Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031
  • Figure 4 : Global Base Oil Market Attractiveness, by Grade
  • Figure 5 : Global Base Oil Market Volume Share, by Application, 2021, 2025, and 2031
  • Figure 6 : Global Base Oil Market Attractiveness, by Application
  • Figure 7 : Global Base Oil Market Volume Share, by Region, 2021, 2025, and 2031
  • Figure 8 : Global Base Oil Market Attractiveness, by Region
  • Figure 9 : North America Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031
  • Figure 10 : North America Base Oil Market Attractiveness, by Grade
  • Figure 11 : North America Base Oil Market Volume Share, by Application, 2021, 2025, and 2031
  • Figure 12 : North America Base Oil Market Attractiveness, by Application
  • Figure 13 : North America Base Oil Market Volume Share, by Country, 2021, 2025, and 2031
  • Figure 14 : North America Base Oil Market Attractiveness, by Country
  • Figure 15 : Europe Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031
  • Figure 16 : Europe Base Oil Market Attractiveness, by Grade
  • Figure 17 : Europe Base Oil Market Volume Share, by Application, 2021, 2025, and 2031
  • Figure 18 : Europe Base Oil Market Attractiveness, by Application
  • Figure 19 : Europe Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
  • Figure 20 : Europe Base Oil Market Attractiveness, by Country and Sub-region
  • Figure 21 : Asia Pacific Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031
  • Figure 22 : Asia Pacific Base Oil Market Attractiveness, by Grade
  • Figure 23 : Asia Pacific Base Oil Market Volume Share, by Application, 2021, 2025, and 2031
  • Figure 24 : Asia Pacific Base Oil Market Attractiveness, by Application
  • Figure 25 : Asia Pacific Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
  • Figure 26 : Asia Pacific Base Oil Market Attractiveness, by Country and Sub-region
  • Figure 27 : Latin America Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031
  • Figure 28 : Latin America Base Oil Market Attractiveness, by Grade
  • Figure 29 : Latin America Base Oil Market Volume Share, by Application, 2021, 2025, and 2031
  • Figure 30 : Latin America Base Oil Market Attractiveness, by Application
  • Figure 31 : Latin America Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
  • Figure 32 : Latin America Base Oil Market Attractiveness, by Country and Sub-region
  • Figure 33 : Middle East & Africa Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031
  • Figure 34 : Middle East & Africa Base Oil Market Attractiveness, by Grade
  • Figure 35 : Middle East & Africa Base Oil Market Volume Share, by Application, 2021, 2025, and 2031
  • Figure 36 : Middle East & Africa Base Oil Market Attractiveness, by Application
  • Figure 37 : Middle East & Africa Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031
  • Figure 38 : Middle East & Africa Base Oil Market Attractiveness, by Country and Sub-region
  • Figure 39 : Global Base Oil Market Share Analysis, by Company, 2020

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Base Oil Market (Grade: Group I, Group II, Group III, Group IV, Group V, Naphthenic, and Re-refined) -...