Process Oil Market to Reach a Valuation of US$ 5,697.4 Mn by 2025

In brief: This report forecasts the future of oil process market, rubber process oil, and factors likely to boost the growth of this market. This report also indicates that Asia Pacific regional market will dominate the global process oil market, estimated to hold about 43% market share by the end of 2025.

 

Process Oil Market to Reach a Valuation of US$ 5,697.4 Mn by 2025

Global process oil market is set to reach a market valuation of US$ 5,697.4 Mn by the end of 2025, up from an estimated US$ 4,148.9 Mn in 2017

In an extensive analysis of the global process oil market, Persistence Market Research forecasts the global process oil market to reach a market valuation of US$ 5,697.4 Mn by the end of 2025, up from an estimated US$ 4,148.9 Mn in 2017, registering a CAGR of 4.1% over the forecast period.

Rubber Process Oil

Process oil being the basic raw material used in the production of goods in the rubber processing industry, the demand in the global market is anticipated to witness significant growth during the next eight years. Process oil is also consumed in large quantities in the polymers and paints and coatings industries. These sectors will drive volume growth of the global process oil market in the foreseeable future.

Factors Likely to boost the Growth of the Process Oil Market:

  • A strategic shift from conventional rubber processing to oil based processing
  • A steady growth in end-use industries such as automotive and rubber processing, coupled with an increase in refinery capacity
  • Increase in R&D activities in end-use industries
  • Competitive advantage of access to essential raw material feedstock

What Will Happen to Global Process Oil Market? Segmental Forecast

The global process oil market is segmented on the basis of Product Type (Aromatic, Paraffinic, Naphthenic) and Application (Rubber Processing, Adhesives & Sealants, Consumer Products, Paints & Coatings, Pharmaceuticals, Polymers, Others.)

The Aromatic product type segment is estimated to hold the maximum revenue share in the global market – about 45% by the end of 2025. This segment will reach a market valuation of US$ 2,572.2 Mn by the end of the forecast period, up from an estimated US$ 1,806.7 Mn in 2017, registering a CAGR of 4.5% during the forecast period.

By application, Rubber Processing will continue to hold a large share of the global market throughout the period of forecast and register a CAGR of 4.6% in terms of value. This segment will reach a market valuation of US$ 2,096.0 Mn by the end of 2025.

Global Process Oil Market by Region

In terms of value share, the Asia Pacific regional market will dominate the global process oil market, estimated to hold about 43% market share by the end of 2025. The APAC process oil market is estimated to be valued at US$ 1,590.2 Mn in 2017 and this is expected to increase to US$ 2,450.7 Mn by the end of 2025. This is reflective of a CAGR of 4.6% in terms of value during the forecast period.

Source:  Persistence Market Research

1 1 1 1 1 1 1 1 1 1 Rating 0.00

Print   Email

Add comment

Security code
Refresh