Base Oil Market by Type (Group I, Group II, Group III, Group IV, Group V), by Application (Automotive Oil, Industrial Oil, Metalworking Fluids, Greases, Hydraulic Oil, & Others), by Geography - Global Trends & Forecasts to 2020 By MarketsandMarkets Published: Feb-2016 Single User : US $4650 Corporate User : US $7150 Browse more reports on Market Research @ http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals . Š RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441
Base Oil Market: Global Trends & Forecasts to 2020
The global base oil market is projected to reach USD 41.68 billion by 2020, at a CAGR of 0.95% between 2015 and 2020. The main reason for the growth of the global base oil market is increasing demand for finished lubricants from various industries, along with increase in the number of various end user industries. “Automotive oil segment is the leading application segment of the global base oil market” Among applications, the automotive oil segment is projected to lead the global base oil market during the forecast period, 2015 to 2020. The automotive oil application segment is expected to grow at the highest CAGR during the forecast period. The growth of this application segment can be attributed to increased demand for finished lubricant products from the automotive industry.
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Base Oil Market: Global Trends & Forecasts to 2020 “Asia-Pacific region is leading the global base oil market, in terms of consumption” In terms of consumption, the Asia-Pacific region is the leader in the global base oil market and this dominance is expected to continue during the forecast period as well. The Asia-Pacific base oil market is projected to grow at the highest CAGR from 2015 to 2020. Continuously growing population and increasing income levels, coupled with strong economic growth in the emerging economies, such as India and China are the major factors fueling the growth of the base oil market in the Asia-Pacific region. Profile break-up of primary participants in this report: By Company Type - Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20% By Designation – C-level – 35%, Director-level – 25%, and Others – 40% By Region – North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
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Base Oil Market: Global Trends & Forecasts to 2020
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by the key market players, such as Royal Dutch Shell plc, Chevron Corporation, Neste Oil, AVISTA OIL AG, Nynas AB, and PETRONAS, among others. Complete report on Base Oil Market spread across 315 pages, 14 profiling companies and supported with 128 tables and 123 figures is now available at http://www.rnrmarketresearch.com/base-oil-market-by-type-group-i-group-ii-groupiii-group-iv-group-v-by-application-automotive-oil-industrial-oil-metalworking-fluidsgreases-hydraulic-oil-others-by-geography-global-trends-forec-ts-to-2020-marketreport.html .
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Base Oil Market: Global Trends & Forecasts to 2020 Table of Contents: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights
7 Global Base Oil Market, By Type 8 Global Market, By Application 9 Regional Analysis 10 Competitive Landscape
5 Market Overview 6 Industry Trends Purchase a copy of this report : http://www.rnrmarketresearch.com/contacts/purchase?rname=481639 . Š RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441
Base Oil Market: Global Trends & Forecasts to 2020 For more details contact Mr. Ritesh Tiwari: sales@rnrmarketresearch.com / +18883915441
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