Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil is typically defined as oil with a boiling point range between 550 and 1050 F, consisting of hydrocarbons with 18 to 40 carbon atoms. This oil can be either paraffinic or napthenic in nature depending on the chemical structure of the molecules. This report contains market size and forecasts of Base Oil in global, including the following market information: Global Base Oil Market Revenue, 2017-2022, 2023-2028, ($ millions) Global Base Oil Market Sales, 2017-2022, 2023-2028, (K MT) Global top five Base Oil companies in 2021 (%) The global Base Oil market was valued at 34620 million in 2021 and is projected to reach US$ 39800 million by 2028, at a CAGR of 2.0% during the forecast period. The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028. Group I Segment to Reach $ Million by 2028, with a % CAGR in next six years. The global key manufacturers of Base Oil include Shell, Chevron, Neste Oil, Exxon Mobil, Total and Sinopec, etc. In 2021, the global top five players have a share approximately % in terms of revenue. MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Base Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment: Global Base Oil Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT) Global Base Oil Market Segment Percentages, by Type, 2021 (%) Group I Group II Group III Group IV Group V Global Base Oil Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT) Global Base Oil Market Segment Percentages, by Application, 2021 (%) Automotive Oil Industrial Oil Metalworking Fluids Hydraulic Oil Greases Others Global Base Oil Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT) Global Base Oil Market Segment Percentages, By Region and Country, 2021 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & Africa Competitor Analysis The report also provides analysis of leading market participants including: Key companies Base Oil revenues in global market, 2017-2022 (Estimated), ($ millions) Key companies Base Oil revenues share in global market, 2021 (%) Key companies Base Oil sales in global market, 2017-2022 (Estimated), (K MT) Key companies Base Oil sales share in global market, 2021 (%) Further, the report presents profiles of competitors in the market, key players include: Shell Chevron Neste Oil Exxon Mobil Total Sinopec
1 Introduction to Research & Analysis Reports 1.1 Base Oil Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Base Oil Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.
