Process Oil to Lead with US$ 5,697.4 in the Global Market by the end of 2025Posted by ashutosh sable on September 27th, 2017 The market is projected to grow at a CAGR of 4.1% during the projection period. The factors fuelling the demand of the process oil market are the growing automotive segment which ultimately mandates rubber process oil for the making of rubber products, such as vehicle interiors and tires. Improved refinery capability, change from usual rubber to oil processing, and growing R&D accomplishments are the other key factors fuelling the growth of the market. The global market for process oil is categorized by application, product type and region. Based on application, the market is sub-categorized into:
Rubber processing segment will continue to dominate the market throughout the eight year forecast period and is expected to record a CAGR of 4.6% pertaining to valuation along with is expected to be evolving as the highest productive segment with a market estimation of US$ 2096.0 Million by 2025-end. Browse Complete Report @ https://www.persistencemarketresearch.com/market-research/process-oil-market.asp Based on the product type, the market is segmented into
The Aromatic segment is likely to record a steady CAGR of 4.5% through the estimated period. This segment is expected to reach a value of US$ 2572.2 Million by 2025, up from US$ 1806.7 Million in 2017. The overall market is segmented into five key regions
The APAC market is projected to witness a market valuation of 4.6% CAGR over the projection period. The region is expected remain dominant with a market valuation of US$ 2450.7 Million by 2025, up from US$ 1590.2 Million in 2017. The prominent companies functional in the overall market include
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