Base Oil Market Global Industry Analysis 2015 – 2020

This research study is designed to analyze the global market for base oil, both in terms of volume (Kilo Tons) and revenue (USD Million). The market for base oil has been segmented on the basis of product type and application. The product type has been further sub-segmented into prominent grades of base oils predominantly used in the industry. The market has also been segmented at a regional level. The regional segments provided in this study are North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. The report features a detailed regional segmentation along with growth forecasts for the period 2015–2020. Projections have been provided for both product types and applications under each region. Apart from projections, historical data regarding the consumption of base oils has also been provided in the report. While the historical data is presented for the period 2008–2014, all forecasts have been provided for the period 2015–2020.

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This report includes the key market dynamics affecting the demand for base oil globally. As a part of our market dynamics analysis, we have analyzed market drivers, market restraints, and market opportunities. A comprehensive competitive landscape, which includes company market share analysis and market attractiveness analysis, has also been provided in this report. The report also provides a detailed industry analysis of the global base oil market with the help of the Porter’s Five Forces model. The Porter’s Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global base oil market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition.

The study also includes the value chain of the global base oil market, which provides a glimpse of the upstream, midstream, and downstream players involved in the business as well as their interaction with the ultimate end-users of the product. The market share analysis has been done keeping in perspective the base oil production capacities of the major market players. The market attractiveness analysis for the base oil market has been done on the basis of the product type. The attractiveness analysis involves benchmarking and ranking of each product grade on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the demand for each grade of base oils, both currently and in the future.

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The product grade analysis has been done, both on a global and regional level. The overall base oil market has been segmented as Group I base oils, Group II base oils, Group III base oils, and others. The others segment primarily comprises synthetic and naphthenic base oils. The Group I base oils have been further sub-segmented into SN150, BS150, SN500, and others. The Group II base oils have been further sub-segmented into 150N, 500N, 600N, and others. The Group III base oils have been sub-segmented into 2cSt, 4cSt, 6cSt, and 8cSt. The primary application segments for base oils that have been identified in this market study include automotive oils, process oils, industrial oils, metalworking fluids, hydraulic oils, and others. The others segment primarily comprises greases.

The key participants in the global base oil market include ExxonMobil Corporation, Royal Dutch Shell plc, SK Lubricants Co. Ltd., and S-Oil Corporation. Other market players that have been profiled in this market report include Chevron Corporation, Sinopec Corporation, Phillips 66 Company, BP plc, GS Caltex Corporation, MOGoil GmbH, and PetroChina Company Limited. This report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.

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Global Base Oil Market: Product Analysis

Group I





Group II





Group III






Global Base Oil Market: Application Analysis

  • Automotive Oils
  • Industrial Oils
  • Process Oils
  • Metalworking Fluids
  • Hydraulic Oils
  • Others

Global Base Oil Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

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