Global Naphthenic Base Oil Market-Industry Analysis and Forecast (2020-2027)

Global Naphthenic Base Oil Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 5.20 % during a forecast period.

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis.

Naphthenic Base Oils are synthesized from sweet crude oil distillates by the process of hydro-treating at 2500 psi pressure and above. Naphthenic has high solvency power, low pour point, low aromatic content and excellent swell properties. The oil possess low paraffin content that are widely applicable in industrial lubes, metal-working, rubber oil, electrical oil and grease.

Global Naphthenic Base Oil Market, Dynamics:

The report covers the microscopic view of the different segments and sub-segments in value and volume by region. The study offers a detailed analysis of the demand, consumption, and pricing structure of the product.

An increase in implementation of hybrid and electric vehicles to diminish carbon emissions are expected to drive the demand for treated and electrical oil. The initiatives by the government on R&D for enhanced product performance and introduction of the innovative products are expected to increase the growth in the global naphthenic base oil market. The Naphthenic base oil is utilized in various end-industries like industrial, automotive, tyre etc. Furthermore, variation in processing of naphthenic base oil and demand for blended base oil are offering lucrative opportunities for key players operating in the global naphthenic base oil market.

On the other hand, fluctuating prices of crude oil & shift trends for crude oils are expected to limit the global naphthenic base oil market.

Global Naphthenic Base Oil Market, Segment Analysis:

Based on Type, 35-60 SUS is estimated to grow significantly with a XX % rate of CAGR during the forecast period because of the demand for process oil and transformer oil with noteworthy characteristics like low temperatures and low pour point. The demand for 400-800 SUS, above 1200 SUS and 80-130 SUS is also expected to grow during the forecast period due to its demand for high solvency products in diverse industries like metal-working and automotive.

By applications, process oil is expected to hold 30% share in the global naphthenic base oil market. The growth in the market is attributed to the rise in demand for greener tire design that delivers lower fuel consumption, lower rolling resistance and low carbon emissions. Process oil delivers superior grip to tires and helps to impel the safety of the vehicle on the roads. The presence of the substitutes like Group III and Group II diminish the utility for industrial lubes & grease during the forecast period.

Global Naphthenic Base Oil Market, Regional Analysis

North America held the dominant position in 2019 and projected to grow at a XX% rate of CAGR during the forecast period. The dominance is attributed to the growth in the consumption of naphthenic base oil and presence of the prominent key players in the region. The reduction in the Group I production capacity and demand for high solvency formulations for the automotive sector is expected to boost the naphthenic base oil market in North America. In addition, high investments by several governments in the energy and power sector are expected to increase the demand for electrical oil that is benefitting the naphthenic base oil market growth. An increase in adoption of hybrid vehicles in concern to environmental hazards and the growth in the automotive sector is expected to boom the growth of naphthenic base oil market regionally.

Some of the Key Recent Trends Developments& Acquisition:

• In June 2019, Nynas has introduced their innovative NYNAS S 3B, lubricants base oil and metalworking as per the FDA guidelines. The product is extracted from cast crude streams with unusual hydrotreatment and heavy purification technology. The main objective of the introduction is to enable the demand for low viscosity oils in the sector like low- temperature hydraulics and aerospace.

The objective of the report is to present a comprehensive analysis of the Global Naphthenic Base Oil Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Naphthenic Base Oil Market dynamics, structure by analyzing the market segments and projects the Global Naphthenic Base Oil Market size. Clear representation of competitive analysis of key players By Pathogen Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Naphthenic Base Oil Market make the report investor’s guide.

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Scope of the Global Naphthenic Base Oil Market:

Global Naphthenic Base Oil Market, By Type

• 35-60 SUS

• 80-130 SUS

• 200-300 SUS

• 400-800 SUS

• Above 1200 SUS

Global Naphthenic Base Oil Market, By Application

• Metal working

• Process Oil

• Electrical Oil

• Industrial Lubes & Grease

• Rubber Oil

• Others

Global Naphthenic Base Oil Market, By Region

• North America

• Europe

• Asia Pacific

• The Middle East and Africa

• Latin America

Global Naphthenic Base Oil Market, key Players

• NynasAB.

• Royal Dutch ShellPlc.

• Calumet Specialty Products Partners.

• L.P.

• Ergon, Inc.

• Chevron Corporation.

• Kowa India Pvt.Ltd.

• Eastern Petroleum.

• Petrobras.

• Lubricon Industries.

• Rahaoil, Inc.

• Indo Petro Chemical.

• Synforce Lubricants.

• NORTEDA.

• BENZOIL.

• ZAHARA GROUP.

• Petro‐Canada Lubricants LLC.

• Exxon Mobil Corporation.

• Novitas.

• TULSTAR PRODUCTS INC.

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