Process Oils: Emerging Opportunities and Global Markets

Process oils have become an essential part of many industries especially those in the technical and chemical sectors. Process oil has been widely used in industries such as tires and rubber, polymers, textiles, personal care products, adhesives, coatings, defoamers and others. In the rubber industry, process oil is used in the form of extender oils, which extend rubber and improves its processability. Within the polymer industry, process oils are used as plasticizing agents, catalyst carriers and mold release agents. In the manufacture of personal care products, process oils are used as a blending base. Within the textile industry, process oils are used as finishing agents.

The global market for process oils is projected to grow at a CAGR of 3.5% during the forecast period of 2017 through 2022. By 2022, total revenues are expected to reach nearly $6.0 billion an increase from $5.0 billion in 2017.

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The report provides an analysis based on each market segment, which includes naphthenic, paraffinic, aromatic and noncarcinogenic process oils. Naphthenic process oils hold the largest market share of REDACTED in 2017 in terms of revenue followed by noncarcinogenic, paraffinic and aromatic. By 2022, total revenues from the naphthenic segment are expected to reach REDACTED. Noncarcinogenic process oils are estimated to grow at the highest CAGR of REDACTED by 2022. By 2022, total revenues from the noncarcinogenic process oil segment are expected to reach REDACTED. The figure below shows market shares of process oils by type for the period of 2017–2022.

Report Scope:

The scope of the report is widely characterized on the basis of consumption of process oils across geographies, which include North America, Europe, Asia-Pacific and the rest of the world. The report also covers different applications of process oils in tires and rubber, polymers, personal care products, textiles, coatings, defoamers and adhesives.

Although the report intends to include the numerous applications of process oil, it does not include revenue generated from the use of process oil in transformers nor applications of process oil as a lubricant in industrial machines and tools.

Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

Report Includes:

– 87 data tables and 67 additional tables
– An overview of the global markets and emerging opportunities for process oils
– Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
– Market overview segmented by type, application, and by region
– Description of the regulations and policies that affect the process oil market
– Insight into the factors influencing market growth, such as drivers, restraints, and opportunities
– Company profiles of major key players in the market, including Avista oil AG, Chevron Corp., ExxonMobil Chemical Co. Inc., Lanxess and Phillips 66