New Research - Global Base Oil Market Size, Share, Dynamic Research, Insights, RPosted by akshayparmar on September 25th, 2017 The worldwide base oil market was evaluated at 34515 million US dollars during year 2014 and it value is predicted to come down at the end of the estimated period. The market is predicted to be evaluated at 31860 million US dollars by the end of year 2020. The global industry is projected to expand at a CAGR growth rate of 1.46% during the estimated span. Browse Full Report Visit - http://www.acutemarketreports.com/report/base-oil-market-report Base oil is the lubricant grade oil created either through crude oil refinement or chemical synthesis procedure. Based on the chemical configuration, base oil is divided into naphthenic and paraffinic. Base oil is usually derived from secondary processing unit of refinery. Today, base oil is obtained by using two methods: crude oil refining and synthesis of relative pure parts. They are mainly used in the production of lubricants. The base oil used for the formation of lubricants are vegetable based, mineral based or synthetic based. Development and expansion of the automobile sector has led to rise in demand curve/graph for finished lubricants. Strict standards of emission all around the world has resulted in rapid transformation in procedures for lubrication formulation. In addition to this, fast industrialization in growing economies has boosted the lubricants demand from different end user sections. All these factors are predicted to propel the growth and expansion of the worldwide base oil market. Base Oil Market by Product: The worldwide base oil market by product includes five groups like group I, group II, group III, group IV and group V. These groups are bifurcated on the basis of the percentage of viscosity index, saturate percentage and sulfur content. Group I is further divided into SN500, SN150, BS150 and others. Group II is also divided into 150N, 600N, 500N and others. Group III is divided into 8cSt, 2cSt, 6cSt,4cSt and others Group I base oil contributed to major portion of the global market share during year 2014. It is predicted to remain the market leader during the estimated span. It is projected that the demand for group I base oil will fall substantially in the terms of use in the subcontinent of North America and European continent in future. The reason for this being growing inclination for higher quality group II and group III base oils in automobile as well as industrial sectors in these regions in future. In short, replacement of group I with greater quality group II base oil & group III base oil is predicted to be the key cause for reducing the base oil demand in future.
1. Preface 2. Executive Summary 3. Global Base Oil Market Analysis 4. Global Base Oil Market By Product Type 2013 – 2022 (Kilo Tons, Revenue- US$) 5. Global Base Oil Market By Application 2013 – 2022 (Kilo Tons, Revenue- US$) About - Acute Market Reports : Our team consists of highly motivated market research professionals and they are accountable for creating the groundbreaking technology that we utilize in our search engine operations to easily recognize the most current market research reports online. Name : Chris Paul ACUTE MARKET REPORTS Designation : Global Sales Manager Toll Free(US/CANADA): +1-855-455-8662 Email : sales@acutemarketreports.com Website :http://www.acutemarketreports.com Like it? Share it! More by this author |