Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North America, Europe, Asia Pacific, South America, MEA) - Global Forecast to 2025

基油の世界市場予測(~2025):グループ別、用途別、地域別

◆タイトル:Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North America, Europe, Asia Pacific, South America, MEA) - Global Forecast to 2025
◆商品コード:CH 4087
◆調査・発行会社:MarketsandMarkets
◆発行日:2020年10月29日
◆ページ数:290
◆レポート形式:PDF / 英語
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◆産業分野:化学
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【レポートの概要】

MarketsandMarkets社は基油の世界市場が2020年287億ドルから2025年367億ドルまで、年平均5.0%成長すると予想しています。本調査レポートでは、基油の世界市場について調査・分析し、イントロダクション、調査手法、エグゼクティブサマリー、プレミアムインサイト、特許分析、市場概要、再精製基油市場、種類別(鉱油、合成油、バイオベース油)分析、グループ別(グループI、グループII、グループIII、グループIV、グループV)分析、用途別(自動車用油、工業用油、金属加工液、油圧作動油、グリース)分析、地域別分析、競争状況、企業情報などの項目を掲載しています。
・イントロダクション
・調査手法
・エグゼクティブサマリー
・プレミアムインサイト
・特許分析
・市場概要
・再精製基油市場
・基油の世界市場規模:種類別(鉱油、合成油、バイオベース油)
・基油の世界市場規模:グループ別(グループI、グループII、グループIII、グループIV、グループV)
・基油の世界市場規模:用途別(自動車用油、工業用油、金属加工液、油圧作動油、グリース)
・基油の世界市場規模:地域別
・競争状況
・企業情報

“The global base oil market size is projected to grow from USD 28.7 billion in 2020 to USD 36.7 billion by 2025, at a CAGR of 5.0% from 2020 to 2025.”
The growing demand for high-grade oils in the automotive industry is driving the base oil industry growth as well as the rising GDP in the Asia Pacific. The increasing inclination toward cleaner and better-quality base oil is restraining the growth of the market.

“The Group II base oil segment is projected to lead the base oil industry from 2019 to 2024.”
The Group II base oil segment accounted for the largest base oil market share in 2019. Group II base oil is used in a multitude of applications, such as marine and gas engine applications, in trunk piston engine oils, and other applications in the base oil industry. The growth in this market is attributed mainly to the high performance and the affordability of Group II base oil in comparison to the other base oil (Group) segments. Moreover, the Group II base oil segment is projected to lead the market during the forecast period.

“The automotive oil application segment is projected to lead the global base oil industry during the forecast period.”
Based on the application, the automotive oil application segment led the base oil market in 2019. The growth of this segment can be attributed to the growth of the automotive sector in the developing regions of the world, and the increasing population in APAC is driving the growth of the automotive oil application segment.

“Asia Pacific is projected to lead the global base oil market during the forecast period.”
The Asia Pacific region is expected to lead the base oil industry from 2020 to 2025 in terms of both value and volume. The demand for base oil is increasing in Asia Pacific owing to the growing automotive industry in the region. Also, the increasing GDP in the area is expected to fuel the demand for automobiles; thus, driving the base oil market growth. The market in this region is also projected to continue its market dominance in terms of both value and volume, from 2020 to 2025, owing to the and rising industrial activities in the developing countries of the Asia Pacific region.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%
• By Designation: C-level Executives – 33%, Directors – 33%, and Managers – 34%
• By Region: North America – 20%, Europe – 25%, Asia Pacific – 25%, the Middle East & Africa- 20%, and South America – 10%

Furthermore, as a part of the qualitative analysis of the base oil market, the research provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe. It also discusses competitive strategies adopted by the leading market players such as Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL CORPORATION (South Korea), Motiva Enterprises LLC (US), SK innovation Co., Ltd. (South Korea), Royal Dutch Shell Plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) are some of the leading players operating in the base oil market.

Research Coverage:
The report defines segments and projects the size of the base oil market based on the group, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments such as expansions, acquisitions, new product launches, and investments undertaken by them in the market.

Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the base oil market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

【レポートの目次】

1 INTRODUCTION 37
1.1 OBJECTIVES OF THE STUDY 37
1.2 MARKET DEFINITION 37
1.2.1 INCLUSIONS & EXCLUSIONS 38
TABLE 1 BASE OIL MARKET: INCLUSIONS & EXCLUSIONS 38
1.3 SCOPE OF THE STUDY 38
1.3.1 MARKETS COVERED 38
1.3.2 REGIONAL SCOPE 39
1.3.3 YEARS CONSIDERED FOR THE STUDY 39
1.4 CURRENCY CONSIDERED 40
1.4.1 PACKAGE SIZE 40
1.5 STAKEHOLDERS 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 1 BASE OIL MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.1.1 Key secondary sources 42
2.1.2 PRIMARY DATA 43
2.1.2.1 Key data from primary sources 43
2.1.2.2 Key industry insights 43
2.1.2.3 Breakdown of primary interviews 44
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY,
DESIGNATION, AND REGION 44
2.2 MARKET SIZE ESTIMATION 44
2.2.1 PRIMARY AND SECONDARY RESEARCH 45
FIGURE 3 MARKET SIZE ESTIMATION 45
FIGURE 4 MARKET SIZE CALCULATION, BY APPLICATION 46
FIGURE 5 MARKET SIZE CALCULATION, BY GROUP 46
FIGURE 6 FORECAST NUMBER CALCULATION 47
2.3 MARKET SIZE ESTIMATION 47
FIGURE 7 BOTTOM-UP APPROACH 47
FIGURE 8 TOP-DOWN APPROACH 48
2.4 DATA TRIANGULATION 48
FIGURE 9 DATA TRIANGULATION 49
2.5 RESEARCH ASSUMPTIONS 49
2.6 LIMITATIONS 50
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES IN BASE OIL MARKET 55
FIGURE 13 BASE OIL MARKET IS PROJECTED TO WITNESS SLUGGISH GROWTH
DURING FORECAST PERIOD 55
4.2 ASIA PACIFIC BASE OIL MARKET, BY GROUP & COUNTRY 56
FIGURE 14 GROUP II AND CHINA ESTIMATED TO DOMINATE ASIA PACIFIC BASE OIL MARKET IN 2020 (KILOTON) 56
4.3 BASE OIL MARKET, BY GROUP 57
FIGURE 15 GROUP II SEGMENT PROJECTED TO LEAD BASE OIL MARKET DURING FORECAST PERIOD 57
4.4 BASE OIL MARKET, BY APPLICATION 57
FIGURE 16 AUTOMOTIVE OIL TO DOMINATE BASE OIL MARKET DURING FORECAST PERIOD (KILO TONS) 57
4.5 BASE OIL MARKET GROWTH 58
FIGURE 17 BASE OIL MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD (KILOTON) 58
5 BASE OIL PATENT ANALYSIS 59
FIGURE 18 PUBLICATION TRENDS – LAST 5 YEARS 59
5.1 INSIGHT 60
FIGURE 19 GEOGRAPHICAL REPRESENTATION 60
FIGURE 20 TOP ASSIGNEES 60
6 MARKET OVERVIEW 62
6.1 INTRODUCTION 62
6.2 MARKET SEGMENTATION 62
TABLE 3 BASE OIL MARKET, BY GROUP 62
TABLE 4 BASE OIL MARKET, BY TYPE 63
TABLE 5 BASE OIL MARKET, BY APPLICATION 63
FIGURE 21 BASE OIL MARKET, BY REGION 64
6.3 MARKET DYNAMICS 64
FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF
THE BASE OIL MARKET 64
6.3.1 DRIVERS 65
6.3.1.1 Increasing demand for high-grade oils in the automotive industry 65
6.3.1.2 Growing GDP in Asia Pacific led by increasing industrial activities 66
TABLE 6 INDUSTRIAL GROWTH RATE OF DEVELOPING COUNTRIES
IN ASIA PACIFIC (2018) 66
TABLE 7 GDP GROWTH OF DEVELOPING COUNTRIES IN ASIA PACIFIC 66
6.3.2 RESTRAINTS 67
6.3.2.1 Declining demand for Group I base oil 67
6.3.3 OPPORTUNITIES 67
6.3.3.1 Lucrative market opportunities from BRIC countries 67
TABLE 8 BRIC COUNTRIES ACCOUNTED FOR 22% OF THE TOTAL VEHICLES
ON ROAD IN 2015 67
6.3.3.2 Growing demand for renewable energy 67
6.3.4 CHALLENGES 68
6.3.4.1 Fluctuating prices of crude oil 68
6.3.4.2 Growth in demand for hybrid vehicles and increasing battery
price parity 68
6.4 TRADE DATA STATISTICS 69
6.5 PORTER’S FIVE FORCES ANALYSIS 71
FIGURE 23 BASE OIL MARKET: PORTER’S FIVE FORCES ANALYSIS 71
6.5.1 BARGAINING POWER OF SUPPLIERS 72
6.5.2 BARGAINING POWER OF BUYERS 72
6.5.3 THREAT OF SUBSTITUTES 72
6.5.4 THREAT OF NEW ENTRANTS 72
6.5.5 INTENSITY OF COMPETITIVE RIVALRY 72
6.6 INDUSTRY OUTLOOK 73
6.6.1 AUTOMOTIVE INDUSTRY 73
TABLE 9 SALE OF NEW VEHICLES IN KEY COUNTRIES OF APAC, 2018 (UNITS) 73
TABLE 10 SALE OF NEW VEHICLES IN KEY COUNTRIES OF NORTH AMERICA,
2018 (UNITS) 73
TABLE 11 SALE OF NEW VEHICLE IN KEY COUNTRIES OF EUROPE, 2018 (UNITS) 73
TABLE 12 SALE OF NEW VEHICLES IN KEY COUNTRIES OF SOUTH AMERICA,
2018 (UNITS) 73
TABLE 13 SALE OF NEW VEHICLES IN KEY COUNTRIES OF MIDDLE EAST
& AFRICA, 2018 (UNITS) 74
6.7 VALUE CHAIN ANALYSIS 74
6.8 ECOSYSTEM/MARKET MAP 74
6.8.1 CASE STUDY 75
7 RE-REFINED BASE OIL MARKET 76
7.1 INTRODUCTION 76
7.2 TECHNOLOGY FOR RE-REFINED BASE OIL 76
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF
THE BASE OIL MARKET 77
7.3 REGIONAL ANALYSIS 78
7.3.1 NORTH AMERICA 78
FIGURE 25 RE-REFINED BASE OIL CAPACITY, BY REGION (2014) 78
TABLE 14 CAPACITY OF MAJOR RE-REFINING OIL COMPANIES, BY REGION,
2014 (METRIC TONS) 79
7.3.2 EUROPE 79
8 BASE OIL MARKET, BY TYPE 80
8.1 INTRODUCTION 80
8.2 MINERAL OIL 80
8.2.1 GROWING EMPHASIS ON PREMIUM GRADE PRODUCTS TO AFFECT
THE MARKET FOR MINERAL GRADE BASE OIL 80
8.3 SYNTHETIC OIL 81
8.3.1 HIGH FUEL EFFICIENCY TO DRIVE THE MARKET FOR SYNTHETIC OIL 81
8.4 BIO-BASED OIL 82
8.4.1 ENVIRONMENT-FRIENDLY NATURE OF BIO-BASED LUBRICANTS
TO INCREASE THEIR CONSUMPTION 82
9 BASE OIL MARKET, BY GROUP 83
9.1 INTRODUCTION 84
FIGURE 26 GROUP II SEGMENT PROJECTED TO LEAD BASE OIL MARKET
DURING FORECAST PERIOD 84
TABLE 15 BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 84
TABLE 16 BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 85
TABLE 17 BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 85
TABLE 18 BASE OIL MARKET SIZE, BY GROUP, 2020-2025 (KILOTONS) 85
9.2 GROUP I 86
9.2.1 HIGH SULFUR AND AROMATICS CONTENT PROJECTED TO AFFECT
THE DEMAND FOR GROUP I BASE OIL 86
TABLE 19 GROUP I BASE OIL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 86
TABLE 20 GROUP I BASE OIL MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 86
TABLE 21 GROUP I BASE OIL MARKET SIZE, BY REGION, 2016–2019 (KILOTONS) 87
TABLE 22 GROUP I BASE OIL MARKET SIZE, BY REGION, 2020–2025 (KILOTONS) 87
9.3 GROUP II 88
9.3.1 RISING DEMAND FROM AUTOMOTIVE LUBRICANTS DRIVES THE
MARKET FOR GROUP II BASE OIL 88
TABLE 23 GROUP II BASE OIL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 88
TABLE 24 GROUP II BASE OIL MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 88
TABLE 25 GROUP II BASE OIL MARKET SIZE, BY REGION, 2016–2019 (KILOTONS) 89
TABLE 26 GROUP II BASE OIL MARKET SIZE, BY REGION, 2020–2025 (KILOTONS) 89
9.4 GROUP III 89
9.4.1 INCLINATION TOWARD FUEL-EFFICIENT LUBRICANTS PROPELS THE
DEMAND FOR GROUP III BASE OIL 89
TABLE 27 GROUP III BASE OIL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 90
TABLE 28 GROUP III BASE OIL MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 90
TABLE 29 GROUP III BASE OIL MARKET SIZE, BY REGION, 2016–2019 (KILOTONS) 91
TABLE 30 GROUP III BASE OIL MARKET SIZE, BY REGION, 2020–2025 (KILOTONS) 91
9.5 GROUP IV 91
9.5.1 HIGH VISCOSITY INDEX CONTRIBUTES TO THE GROWTH OF GROUP
IV BASE OIL 91
TABLE 31 GROUP IV BASE OIL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 92
TABLE 32 GROUP IV BASE OIL MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 92
TABLE 33 GROUP IV BASE OIL MARKET SIZE, BY REGION, 2016–2019 (KILOTONS) 92
TABLE 34 GROUP IV BASE OIL MARKET SIZE, BY REGION, 2020–2025 (KILOTONS) 93
9.6 GROUP V 93
9.6.1 ESTERS ARE WIDELY USED IN GROUP V BASE OIL MANUFACTURING 93
TABLE 35 GROUP V BASE OIL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 93
TABLE 36 GROUP V BASE OIL MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 94
TABLE 37 GROUP V BASE OIL MARKET SIZE, BY REGION, 2016–2019 (KILOTONS) 94
TABLE 38 GROUP V BASE OIL MARKET SIZE, BY REGION, 2020–2025 (KILOTONS) 94
10 BASE OIL MARKET, BY APPLICATION 95
10.1 INTRODUCTION 96
FIGURE 27 AUTOMOTIVE OIL PROJECTED TO LEAD BASE OIL MARKET DURING
FORECAST PERIOD 96
TABLE 39 BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 96
TABLE 40 BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 97
TABLE 41 BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 97
TABLE 42 BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 97
10.2 AUTOMOTIVE OIL 98
10.2.1 ASIA PACIFIC IS THE LARGEST CONSUMER OF AUTOMOTIVE OIL GLOBALLY 98
TABLE 43 BASE OIL MARKET SIZE IN AUTOMOTIVE OIL, BY REGION,
2016–2020 (USD MILLION) 98
TABLE 44 BASE OIL MARKET SIZE IN AUTOMOTIVE OIL, BY REGION,
2020–2025 (USD MILLION) 99
TABLE 45 BASE OIL MARKET SIZE IN AUTOMOTIVE OIL, BY REGION,
2016–2019 (KILOTONS) 99
TABLE 46 BASE OIL MARKET SIZE IN AUTOMOTIVE OIL, BY REGION,
2020–2025 (KILOTONS) 99
10.2.1.1 COVID-19 Impact on Automotive 100
10.3 INDUSTRIAL OIL 100
10.3.1 GROWING INDUSTRIALIZATION TO DRIVE THE MARKET FOR INDUSTRIAL OIL 100
TABLE 47 BASE OIL MARKET SIZE IN INDUSTRIAL OIL, BY REGION,
2016–2019 (USD MILLION) 101
TABLE 48 BASE OIL MARKET SIZE IN INDUSTRIAL OIL, BY REGION,
2020–2025 (USD MILLION) 101
TABLE 49 BASE OIL MARKET SIZE IN INDUSTRIAL OIL, BY REGION,
2016–2019 (KILOTONS) 102
TABLE 50 BASE OIL MARKET SIZE IN INDUSTRIAL OIL, BY REGION,
2020–2025 (KILOTONS) 102
10.3.1.1 COVID-19 Impact on Industrial Oil 102
10.4 METALWORKING FLUID 103
10.4.1 GROWING METAL & MINING INDUSTRY TO DRIVE THE METALWORKING
FLUID MARKET 103
TABLE 51 BASE OIL MARKET SIZE IN METALWORKING FLUID, BY REGION,
2016–2019 (USD MILLION) 103
TABLE 52 BASE OIL MARKET SIZE IN METALWORKING FLUID, BY REGION,
2020–2025 (USD MILLION) 104
TABLE 53 BASE OIL MARKET SIZE IN METALWORKING FLUID, BY REGION,
2016–2019 (KILOTONS) 104
TABLE 54 BASE OIL MARKET SIZE IN METALWORKING FLUID, BY REGION,
2020–2025 (KILOTONS) 104
10.4.1.1 COVID-19 Impact on Metalworking Fluid 105
10.5 HYDRAULIC OIL 106
10.5.1 DEMAND FOR HYDRAULIC OILS ESTIMATED TO BE LARGELY DRIVEN
BY DEVELOPING COUNTRIES OF ASIA PACIFIC, THE MIDDLE EAST
& AFRICA, AND SOUTH AMERICA 106
TABLE 55 BASE OIL MARKET SIZE IN HYDRAULIC OIL, BY REGION,
2016–2019 (USD MILLION) 106
TABLE 56 BASE OIL MARKET SIZE IN HYDRAULIC OIL, BY REGION,
2020–2025 (USD MILLION) 107
TABLE 57 BASE OIL MARKET SIZE IN HYDRAULIC OIL, BY REGION,
2016–2019 (KILOTONS) 107
TABLE 58 BASE OIL MARKET SIZE IN HYDRAULIC OIL, BY REGION,
2020–2025 (KILOTONS) 107
10.5.1.1 COVID-19 Impact on Hydraulic Oil 108
10.6 GREASE 108
10.6.1 MINING, CONSTRUCTION, AND TRANSPORTATION SECTORS
ARE MAJOR CONSUMERS OF GREASE 108
TABLE 59 BASE OIL MARKET SIZE IN GREASE, BY REGION, 2016–2019 (USD MILLION) 109
TABLE 60 BASE OIL MARKET SIZE IN GREASE, BY REGION, 2020–2025 (USD MILLION) 109
TABLE 61 BASE OIL MARKET SIZE IN GREASE, BY REGION, 2016–2019 (KILOTONS) 109
TABLE 62 BASE OIL MARKET SIZE IN GREASE, BY REGION, 2020–2025 (KILOTONS) 110
10.6.1.1 COVID-19 Impact on Grease 110
10.7 OTHERS 110
TABLE 63 BASE OIL MARKET SIZE IN OTHERS, BY REGION, 2016–2019 (USD MILLION) 111
TABLE 64 BASE OIL MARKET SIZE IN OTHERS, BY REGION, 2020–2025 (USD MILLION) 111
TABLE 65 BASE OIL MARKET SIZE IN OTHERS, BY REGION, 2016–2019 (KILOTONS) 111
TABLE 66 BASE OIL MARKET SIZE IN OTHERS, BY REGION, 2020–2025 (KILOTONS) 112
11 BASE OIL MARKET, BY REGION 113
11.1 INTRODUCTION 114
FIGURE 28 ASIA PACIFIC TO BE LARGEST MARKET FOR BASE OIL DURING
FORECAST PERIOD 114
TABLE 67 BASE OIL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 114
TABLE 68 BASE OIL MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 115
TABLE 69 BASE OIL MARKET SIZE, BY REGION, 2016–2019 (KILOTONS) 115
TABLE 70 BASE OIL MARKET SIZE, BY REGION, 2020–2025 (KILOTONS) 115
11.2 ASIA PACIFIC 116
FIGURE 29 ASIA PACIFIC: BASE OIL MARKET SNAPSHOT 117
TABLE 71 ASIA PACIFIC: BASE OIL MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 118
TABLE 72 ASIA PACIFIC: BASE OIL MARKET SIZE, BY COUNTRY,
2020–2025 (USD MILLION) 118
TABLE 73 ASIA PACIFIC: BASE OIL MARKET SIZE, BY COUNTRY,
2016–2019 (KILOTONS) 118
TABLE 74 ASIA PACIFIC: BASE OIL MARKET SIZE, BY COUNTRY,
2020–2025 (KILOTONS) 119
TABLE 75 ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP,
2016–2019 (USD MILLION) 119
TABLE 76 ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP,
2020–2025 (USD MILLION) 119
TABLE 77 ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 120
TABLE 78 ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 120
TABLE 79 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 120
TABLE 80 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 121
TABLE 81 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTONS) 121
TABLE 82 ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTONS) 121
11.2.1 CHINA 122
11.2.1.1 Increasing population drives the demand for base oil in China 122
TABLE 83 CHINA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 122
TABLE 84 CHINA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 122
TABLE 85 CHINA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 123
TABLE 86 CHINA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 123
TABLE 87 CHINA: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 123
TABLE 88 CHINA: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 124
TABLE 89 CHINA: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 124
TABLE 90 CHINA: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 124
11.2.1.2 COVID-19 Impact on China 125
11.2.2 JAPAN 125
11.2.2.1 Growing automotive production to fuel the base oil market in Japan 125
TABLE 91 JAPAN: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 126
TABLE 92 JAPAN: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 126
TABLE 93 JAPAN: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 126
TABLE 94 JAPAN: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 127
TABLE 95 JAPAN: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 127
TABLE 96 JAPAN: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 127
TABLE 97 JAPAN: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 128
TABLE 98 JAPAN: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 128
11.2.2.2 COVID-19 Impact on Japan 128
11.2.3 INDIA 129
11.2.3.1 Rapid urbanization and growing population to boost the demand
for base oil in India 129
TABLE 99 INDIA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 129
TABLE 100 INDIA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 129
TABLE 101 INDIA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 130
TABLE 102 INDIA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 130
TABLE 103 INDIA: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 130
TABLE 104 INDIA: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 131
TABLE 105 INDIA: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 131
TABLE 106 INDIA: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 131
11.2.3.2 COVID-19 Impact on India 132
11.2.4 SOUTH KOREA 132
11.2.4.1 Growing industrial development to generate a positive impact
on the base oil market in South Korea 132
TABLE 107 SOUTH KOREA: BASE OIL MARKET SIZE, BY GROUP,
2016–2019 (USD MILLION) 133
TABLE 108 SOUTH KOREA: BASE OIL MARKET SIZE, BY GROUP,
2020–2025 (USD MILLION) 133
TABLE 109 SOUTH KOREA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 133
TABLE 110 SOUTH KOREA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 134
TABLE 111 SOUTH KOREA: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 134
TABLE 112 SOUTH KOREA: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 134
TABLE 113 SOUTH KOREA: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTONS) 135
TABLE 114 SOUTH KOREA: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTONS) 135
11.2.4.2 COVID-19 Impact on South Korea 135
11.2.5 INDONESIA 136
11.2.5.1 Rising oil production to spur the demand for base oil in Indonesia 136
TABLE 115 INDONESIA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 136
TABLE 116 INDONESIA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 136
TABLE 117 INDONESIA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 137
TABLE 118 INDONESIA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 137
TABLE 119 INDONESIA: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 137
TABLE 120 INDONESIA: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 138
TABLE 121 INDONESIA: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTONS) 138
TABLE 122 INDONESIA: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTONS) 138
11.2.5.2 COVID-19 Impact on Indonesia 139

11.2.6 THAILAND 139
11.2.6.1 Rising production of automotive parts to drive the demand for
base oil in Thailand 139
TABLE 123 THAILAND: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 140
TABLE 124 THAILAND: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 140
TABLE 125 THAILAND: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 140
TABLE 126 THAILAND: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 141
TABLE 127 THAILAND: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 141
TABLE 128 THAILAND: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 141
TABLE 129 THAILAND: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTONS) 142
TABLE 130 THAILAND: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTONS) 142
11.2.6.2 COVID-19 Impact on Thailand 142
11.2.7 REST OF ASIA PACIFIC 143
TABLE 131 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP,
2016–2019 (USD MILLION) 143
TABLE 132 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP,
2020–2025 (USD MILLION) 143
TABLE 133 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP,
2016–2019 (KILOTONS) 143
TABLE 134 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY GROUP,
2020–2025 (KILOTONS) 144
TABLE 135 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 144
TABLE 136 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 144
TABLE 137 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTONS) 145
TABLE 138 REST OF ASIA PACIFIC: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTONS) 145
11.2.7.1 COVID-19 Impact on Rest of Asia Pacific 145
11.3 EUROPE 146
FIGURE 30 EUROPE: BASE OIL MARKET SNAPSHOT 147
TABLE 139 EUROPE: BASE OIL MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 148
TABLE 140 EUROPE: BASE OIL MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION) 148
TABLE 141 EUROPE: BASE OIL MARKET SIZE, BY COUNTRY, 2016–2019 (KILOTONS) 148
TABLE 142 EUROPE: BASE OIL MARKET SIZE, BY COUNTRY, 2020–2025 (KILOTONS) 149
TABLE 143 EUROPE: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 149
TABLE 144 EUROPE: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 150
TABLE 145 EUROPE: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 150
TABLE 146 EUROPE: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 150
TABLE 147 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 151
TABLE 148 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 151
TABLE 149 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 151
TABLE 150 EUROPE: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 152
11.3.1 RUSSIA 152
11.3.1.1 Russia dominated the European base oil market in 2019 152
TABLE 151 RUSSIA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 153
TABLE 152 RUSSIA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 153
TABLE 153 RUSSIA: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 153
TABLE 154 RUSSIA: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 154
TABLE 155 RUSSIA: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 154
TABLE 156 RUSSIA: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 154
TABLE 157 RUSSIA: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 155
TABLE 158 RUSSIA: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 155
11.3.1.2 COVID-19 Impact on Russia 155
11.3.2 GERMANY 156
11.3.2.1 Base oil market majorly driven by the automobile industry in Germany 156
TABLE 159 GERMANY: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 156
TABLE 160 GERMANY: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 156
TABLE 161 GERMANY: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 157
TABLE 162 GERMANY: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 157
TABLE 163 GERMANY: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 157
TABLE 164 GERMANY: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 158
TABLE 165 GERMANY: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTONS) 158
TABLE 166 GERMANY: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTONS) 158
11.3.2.2 COVID-19 Impact on Germany 159
11.3.3 FRANCE 159
11.3.3.1 Presence of major base oil manufacturing companies supports
the market growth in France 159
TABLE 167 FRANCE: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 159
TABLE 168 FRANCE: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 160
TABLE 169 FRANCE: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 160
TABLE 170 FRANCE: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 160
TABLE 171 FRANCE: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 161
TABLE 172 FRANCE: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 161
TABLE 173 FRANCE: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 161
TABLE 174 FRANCE: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 162
11.3.3.2 COVID-19 Impact on France 162

11.3.4 ITALY 163
11.3.4.1 Group I accounted for the largest share of the base oil market
in Italy in 2018 163
TABLE 175 ITALY: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 163
TABLE 176 ITALY: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 163
TABLE 177 ITALY: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 164
TABLE 178 ITALY: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 164
TABLE 179 ITALY: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 164
TABLE 180 ITALY: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 165
TABLE 181 ITALY: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 165
TABLE 182 ITALY: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 165
11.3.4.2 COVID-19 Impact on Italy 166
11.3.5 UK 166
11.3.5.1 The UK is the fifth-largest consumer of base oil in Europe 166
TABLE 183 UK: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 166
TABLE 184 UK: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 167
TABLE 185 UK: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 167
TABLE 186 UK: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 167
TABLE 187 UK: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 168
TABLE 188 UK: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 168
TABLE 189 UK: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 168
TABLE 190 UK: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 169
11.3.5.2 COVID-19 Impact on the UK 169
11.3.6 SPAIN 169
11.3.6.1 Automotive oil segment accounted for the largest share of the
base oil market in Spain in 2018 169
TABLE 191 SPAIN: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (USD MILLION) 170
TABLE 192 SPAIN: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (USD MILLION) 170
TABLE 193 SPAIN: BASE OIL MARKET SIZE, BY GROUP, 2016–2019 (KILOTONS) 170
TABLE 194 SPAIN: BASE OIL MARKET SIZE, BY GROUP, 2020–2025 (KILOTONS) 171
TABLE 195 SPAIN: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 171
TABLE 196 SPAIN: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 171
TABLE 197 SPAIN: BASE OIL MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTONS) 172
TABLE 198 SPAIN: BASE OIL MARKET SIZE, BY APPLICATION, 2020–2025 (KILOTONS) 172
11.3.6.2 COVID-19 Impact on Spain 172
11.3.7 REST OF EUROPE 173
TABLE 199 REST OF EUROPE: BASE OIL MARKET SIZE, BY GROUP,
2016–2019 (USD MILLION) 173
TABLE 200 REST OF EUROPE: BASE OIL MARKET SIZE, BY GROUP,
2020–2025 (USD MILLION) 173
TABLE 201 REST OF EUROPE: BASE OIL MARKET SIZE, BY GROUP,
2016–2019 (KILOTONS) 173
TABLE 202 REST OF EUROPE: BASE OIL MARKET SIZE, BY GROUP,
2020–2025 (KILOTONS) 174
TABLE 203 REST OF EUROPE: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 174
TABLE 204 REST OF EUROPE: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 174
TABLE 205 REST OF EUROPE: BASE OIL MARKET SIZE, BY APPLICATION,
2016–2019 (KILOTONS) 175
TABLE 206 REST OF EUROPE: BASE OIL MARKET SIZE, BY APPLICATION,
2020–2025 (KILOTONS) 175
11.4 NORTH AMERICA 175
TABLE 207 BASE OIL PRODUCTION CAPACITY OF 10 MAJOR PLAYERS IN
NORTH AMERICA, 2018–2019 (KILOTONS) 176
FIGURE 31 NORTH AMERICA: BASE OIL MARKET SNAPSHOT 177
TABLE 208 NORTH AMERICA: BASE OIL MARKET, BY COUNTRY,
2016–2019 (USD MILLION) 177
TABLE 209 NORTH AMERICA: BASE OIL MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 178
TABLE 210 NORTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2016–2019 (KILOTONS) 178
TABLE 211 NORTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2020–2025 (KILOTONS) 178
TABLE 212 NORTH AMERICA: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 178
TABLE 213 NORTH AMERICA: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 179
TABLE 214 NORTH AMERICA: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 179
TABLE 215 NORTH AMERICA: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 179
TABLE 216 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 180
TABLE 217 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 180
TABLE 218 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (KILOTONS) 180
TABLE 219 NORTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (KILOTONS) 181
11.4.1 US 181
11.4.1.1 Rising demand for Group II and Group II+ base oils to drive
the base oil market in the US 181
TABLE 220 US: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 182
TABLE 221 US: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 182
TABLE 222 US: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 182
TABLE 223 US: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 183
TABLE 224 US: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 183
TABLE 225 US: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 183
TABLE 226 US: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 184
TABLE 227 US: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 184
11.4.1.2 COVID-19 Impact on the US 184
11.4.2 CANADA 185
11.4.2.1 Canada is the second-largest market for base oil in the North American region 185
TABLE 228 CANADA: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 185
TABLE 229 CANADA: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 186
TABLE 230 CANADA: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 186
TABLE 231 CANADA: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 186
TABLE 232 CANADA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 187
TABLE 233 CANADA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 187
TABLE 234 CANADA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 187
TABLE 235 CANADA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 188
11.4.2.2 COVID-19 Impact on Canada 188
11.4.3 MEXICO 189
11.4.3.1 Growth in power generation, oil & gas, and manufacturing sectors drives the base oil market in Mexico 189
TABLE 236 MEXICO: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 189
TABLE 237 MEXICO: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 189
TABLE 238 MEXICO: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 190
TABLE 239 MEXICO: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 190
TABLE 240 MEXICO: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 190
TABLE 241 MEXICO: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 191
TABLE 242 MEXICO: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 191
TABLE 243 MEXICO: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 191
11.4.3.2 COVID-19 Impact on Mexico 192
11.5 MIDDLE EAST & AFRICA 192
TABLE 244 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,
2016–2019 (USD MILLION) 193
TABLE 245 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 193
TABLE 246 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,
2016–2019 (KILOTONS) 193
TABLE 247 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY COUNTRY,
2020–2025 (KILOTONS) 193
TABLE 248 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2016–2019 (USD MILLION) 194
TABLE 249 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2020–2025 (USD MILLION) 194
TABLE 250 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2016–2019 (KILOTONS) 194
TABLE 251 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2020–2025 (KILOTONS) 195
TABLE 252 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 195
TABLE 253 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 196
TABLE 254 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (KILOTONS) 196
TABLE 255 MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (KILOTONS) 196
11.5.1 SAUDI ARABIA 197
11.5.1.1 Saudi Arabia dominated the Middle East & Africa base
oil market in 2018 197
TABLE 256 SAUDI ARABIA: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 197
TABLE 257 SAUDI ARABIA: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 197
TABLE 258 SAUDI ARABIA: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 198
TABLE 259 SAUDI ARABIA: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 198
TABLE 260 SAUDI ARABIA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 198
TABLE 261 SAUDI ARABIA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 199
TABLE 262 SAUDI ARABIA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (KILOTONS) 199
TABLE 263 SAUDI ARABIA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (KILOTONS) 199
11.5.1.2 COVID-19 Impact on Saudi Arabia 200
11.5.2 TURKEY 200
11.5.2.1 Group II accounted for the largest market share in Turkey,
based on group, in 2018 200
TABLE 264 TURKEY: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 200
TABLE 265 TURKEY: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 201
TABLE 266 TURKEY: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 201
TABLE 267 TURKEY: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 201
TABLE 268 TURKEY: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 202
TABLE 269 TURKEY: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 202
TABLE 270 TURKEY: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 202
TABLE 271 TURKEY: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 203
11.5.3 IRAN 203
11.5.3.1 High demand from the automotive oil segment drives the
base oil market growth in Iran 203
TABLE 272 IRAN: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 203
TABLE 273 IRAN: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 204
TABLE 274 IRAN: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 204
TABLE 275 IRAN: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 204
TABLE 276 IRAN: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 205
TABLE 277 IRAN: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 205
TABLE 278 IRAN: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 205
TABLE 279 IRAN: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 206
11.5.4 REST OF MIDDLE EAST & AFRICA 206
TABLE 280 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2016–2019 (USD MILLION) 206
TABLE 281 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2020–2025 (USD MILLION) 207
TABLE 282 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2016–2019 (KILOTONS) 207
TABLE 283 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY GROUP,
2020–2025 (KILOTONS) 207
TABLE 284 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 208
TABLE 285 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 208
TABLE 286 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 208
TABLE 287 REST OF MIDDLE EAST & AFRICA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 209
11.6 SOUTH AMERICA 209
TABLE 288 SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY,
2016–2019 (USD MILLION) 209
TABLE 289 SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 210
TABLE 290 SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2016–2019 (KILOTONS) 210
TABLE 291 SOUTH AMERICA: BASE OIL MARKET, BY COUNTRY, 2020–2025 (KILOTONS) 210
TABLE 292 SOUTH AMERICA: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 210
TABLE 293 SOUTH AMERICA: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 211
TABLE 294 SOUTH AMERICA: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 211
TABLE 295 SOUTH AMERICA: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 211
TABLE 296 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 212
TABLE 297 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 212
TABLE 298 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (KILOTONS) 212
TABLE 299 SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (KILOTONS) 213
11.6.1 BRAZIL 213
11.6.1.1 High demand for Group I and Group II base oils drives
the market growth in Brazil 213
TABLE 300 BRAZIL: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 213
TABLE 301 BRAZIL: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 214
TABLE 302 BRAZIL BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 214
TABLE 303 BRAZIL BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 214
TABLE 304 BRAZIL: BASE OIL MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 215
TABLE 305 BRAZIL: BASE OIL MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 215
TABLE 306 BRAZIL BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 215
TABLE 307 BRAZIL BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 216
11.6.1.2 COVID-19 Impact on Brazil 216

11.6.2 ARGENTINA 216
11.6.2.1 Argentina was the second-largest market for base oil in South America in 2018 216
TABLE 308 ARGENTINA: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 217
TABLE 309 ARGENTINA: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 217
TABLE 310 ARGENTINA: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 217
TABLE 311 ARGENTINA: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 218
TABLE 312 ARGENTINA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 218
TABLE 313 ARGENTINA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 218
TABLE 314 ARGENTINA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 219
TABLE 315 ARGENTINA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 219
11.6.2.2 COVID-19 Impact on Argentina 219
11.6.3 COLOMBIA 220
11.6.3.1 Base oil market in Argentina dominated by the Group II segment 220
TABLE 316 COLOMBIA: BASE OIL MARKET, BY GROUP, 2016–2019 (USD MILLION) 220
TABLE 317 COLOMBIA: BASE OIL MARKET, BY GROUP, 2020–2025 (USD MILLION) 220
TABLE 318 COLOMBIA: BASE OIL MARKET, BY GROUP, 2016–2019 (KILOTONS) 221
TABLE 319 COLOMBIA: BASE OIL MARKET, BY GROUP, 2020–2025 (KILOTONS) 221
TABLE 320 COLOMBIA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 221
TABLE 321 COLOMBIA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 222
TABLE 322 COLOMBIA: BASE OIL MARKET, BY APPLICATION, 2016–2019 (KILOTONS) 222
TABLE 323 COLOMBIA: BASE OIL MARKET, BY APPLICATION, 2020–2025 (KILOTONS) 222
11.6.4 REST OF SOUTH AMERICA 223
TABLE 324 REST OF SOUTH AMERICA: BASE OIL MARKET, BY GROUP,
2016–2019 (USD MILLION) 223
TABLE 325 REST OF SOUTH AMERICA: BASE OIL MARKET, BY GROUP,
2020–2025 (USD MILLION) 223
TABLE 326 REST OF SOUTH AMERICA: BASE OIL MARKET, BY GROUP,
2016–2019 (KILOTONS) 223
TABLE 327 REST OF SOUTH AMERICA: BASE OIL MARKET, BY GROUP,
2020–2025 (KILOTONS) 224
TABLE 328 REST OF SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 224
TABLE 329 REST OF SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 224
TABLE 330 REST OF SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2016–2019 (KILOTONS) 225
TABLE 331 REST OF SOUTH AMERICA: BASE OIL MARKET, BY APPLICATION,
2020–2025 (KILOTONS) 225

12 COMPETITIVE LANDSCAPE 226
12.1 OVERVIEW 226
FIGURE 32 COMPANIES ADOPTED BOTH ORGANIC AND INORGANIC GROWTH STRATEGIES BETWEEN 2016 AND NOVEMBER 2019 227
12.2 COMPETITIVE LANDSCAPE MAPPING, 2019 228
12.2.1 STAR 228
12.2.2 EMERGING LEADERS 228
12.2.3 PERVASIVE 228
12.2.4 PARTICIPANTS 228
FIGURE 33 BASE OIL MARKET (GLOBAL) COMPETITIVE LANDSCAPE MAPPING, 2019 229
12.3 COMPETITIVE LEADERSHIP MAPPING OF SME 229
12.3.1 PROGRESSIVE COMPANIES 229
12.3.2 RESPONSIVE COMPANIES 229
12.3.3 STARTING BLOCKS 230
12.3.4 DYNAMIC COMPANIES 230
FIGURE 34 COMPETITIVE LEADERSHIP MAPPING OF START-UPS, 2019 230
12.4 STRENGTH OF PRODUCT PORTFOLIO 231
FIGURE 35 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN BASE OIL MARKET 231
12.5 BUSINESS STRATEGY EXCELLENCE 232
FIGURE 36 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN BASE OIL MARKET 232
12.6 MARKET SHARE ANALYSIS 233
FIGURE 37 MAJOR MANUFACTURERS IN BASE OIL MARKET 233
12.6.1 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS IN BASE OIL MARKET 233
12.7 COMPETITIVE SCENARIO 234
12.7.1 AGREEMENTS 234
TABLE 332 AGREEMENTS, 2016–2019 234
12.7.2 EXPANSIONS 236
TABLE 333 EXPANSIONS, 2016–2019 236
12.7.3 NEW PRODUCT LAUNCHES 237
TABLE 334 NEW PRODUCT LAUNCHES, 2016–2019 237
12.7.4 ACQUISITIONS 238
TABLE 335 ACQUISITIONS, 2016–2019 238
12.7.5 COLLABORATIONS 239
TABLE 336 COLLABORATIONS, 2016–2019 239
12.7.6 CONTRACTS 239
TABLE 337 CONTRACTS, 2016–2019 239
12.7.7 INVESTMENTS 240
TABLE 338 INVESTMENTS, 2016–2019 240
12.7.8 DIVESTMENTS 240
TABLE 339 DIVESTMENTS, 2016–2019 240
12.7.9 JOINT VENTURES 241
TABLE 340 JOINT VENTURES, 2016–2019 241
13 COMPANY PROFILES 242
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, COVID-19 Impact On Company Financials, MnM View)*
13.1 CHEVRON CORPORATION 242
FIGURE 38 CHEVRON CORPORATION: COMPANY SNAPSHOT 242
13.2 EXXON MOBIL CORPORATION 245
FIGURE 39 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 245
13.3 S-OIL CORPORATION 249
FIGURE 40 S-OIL CORPORATION: COMPANY SNAPSHOT 249
13.4 MOTIVA ENTERPRISES LLC 252
13.5 SK INNOVATION CO., LTD. 254
FIGURE 41 SK INNOVATION CO., LTD.: COMPANY SNAPSHOT 254
13.6 SAUDI ARAMCO 257
FIGURE 42 SAUDI ARAMCO.: COMPANY SNAPSHOT 257
13.7 HINDUSTAN PETROLEUM CORPORATION LIMITED 260
FIGURE 43 HINDUSTAN PETROLEUM CORPORATION LIMITED: COMPANY SNAPSHOT 260
13.8 ROYAL DUTCH SHELL PLC 261
FIGURE 44 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT 261
13.9 NESTE OYJ 263
FIGURE 45 NESTE OYJ: COMPANY SNAPSHOT 263
13.10 AVISTA OIL AG 265
13.11 NYNAS AB 266
FIGURE 46 NYNAS AB: COMPANY SNAPSHOT 266
13.12 REPSOL S.A. 268
FIGURE 47 REPSOL S.A.: COMPANY SNAPSHOT 268
13.13 ERGON, INC. 270
13.14 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 271
FIGURE 48 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.: COMPANY SNAPSHOT 271
13.15 H&R GROUP 273
FIGURE 49 H&R GROUP: COMPANY SNAPSHOT 273
13.16 SINOPEC CORP. 274
FIGURE 50 SINOPEC CORP.: COMPANY SNAPSHOT 274
13.17 PETROCHINA COMPANY LIMITED 276
FIGURE 51 PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT 276
13.18 ABU DHABI NATIONAL OIL COMPANY (ADNOC) 278
13.19 PT PERTAMINA (PERSERO) 280
FIGURE 52 PT PERTAMINA (PERSERO): COMPANY SNAPSHOT 280

13.20 PHILLIPS 66 282
FIGURE 53 PHILLIPS 66: COMPANY SNAPSHOT 282
13.21 PETROLIAM NASIONAL BERHAD (PETRONAS) 284
FIGURE 54 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT 284
13.22 GRUPA LOTOS S.A. 286
FIGURE 55 GRUPA LOTOS S.A.: COMPANY SNAPSHOT 286
13.23 SEPAHAN OIL 288
13.24 GS CALTEX CORPORATION 289
13.25 OTHER COMPANIES 290
13.25.1 FORMOSA PETROCHEMICAL CO., LTD. 290
13.25.2 CHINA NATIONAL OFFSHORE OIL CORPORATION (CNOOC) 290
13.25.3 HENGLI PETROCHEMICAL CO., LTD. 290
13.25.4 HOLLYFRONTIER CORPORATION 291
13.25.5 PBF ENERGY INC. 291
13.25.6 ENI SPA 291
13.25.7 INEOS GROUP 292
13.25.8 SAN JOAQUIN REFINING CO. INC. 292
13.25.9 ROSNEFT 293
13.25.10 TUPRAS 293
13.25.11 HAINAN HANDI SUNSHINE PETROCHEMICAL CO., LTD. 294
13.25.12 CROSS OIL 294
13.25.13 OJSC NAFTAN 294
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, COVID-19 Impact On Company Financials, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 295
14.1 DISCUSSION GUIDE 295
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 298
14.3 AVAILABLE CUSTOMIZATIONS 300
14.4 RELATED REPORTS 300
14.5 AUTHOR DETAILS 301

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