Base Oil Market

Q: How big was the base oil market in 2025?

The base oil market was valued at US$ 43.7 Bn in 2025 Read More

Q: Which region was the most lucrative in the base oil market in 2025?

Asia Pacific was the most lucrative region in 2025 Read More

Base Oil Market (Group: Group I, Group II, Group II+, Group III, Group III+, Group IV (PAO), Group V (excluding Naphthenic), Others; Application: Automotive Fluids, Process Oils, Industrial Oils, Metalworking Fluids, Hydraulic Oils, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2026‒2036

Base Oil Market Outlook 2036

The global base oil market size was valued at US$ 43.7 Billion in 2025 and is projected to reach US$ 65.9 Billion by 2036, expanding at a CAGR of 3.8% from 2026 to 2036. The market is sustained growth in automotive and industrial lubricant consumption.

Market Size & Highlights

The market reached US$ 43.7 Bn in 2025.
The market is expected to climb to US$ 65.9 Bn by 2036.
The industry is anticipated to expand at a CAGR of 3.8% from 2026 to 2036.
Top companies in the market include SK Lubricants, Shell plc, Petronas, ADNOC, S-Oil Corporation, Others
Asia Pacific dominated the base oil market in 2025, holding the largest revenue share of 43.8%.
By group, the group II segment held the largest share of 25.4% in the market in 2025.

Base Oil Market By Revenue

Analysts’ Viewpoint on Base Oil Market Scenario

The base oil market is at the forefront of the lubricants sector, whereby it ensures smooth operation of the diverse machines and vehicle engines across the globe. Rapid industrialization is a major factor driving market revenue. Lubricants are gaining traction in several end-use industries including automotive, industrial machinery, and energy.

The major players operating in the global base oil industry are emphasizing the development of advanced products for expanding their customer base. These novel products satisfy performance requirements and fit with environmental imperatives. The competitive dynamics of the base oil business are getting reshaped by this paradigm shift toward resource-efficient and eco-friendly lubricating solutions.

Global Base Oil Market Overview

Base oils are the foundation of lubricant compositions. They play an important role in the performance and lifetime of different industrial and automobile engines. Base oils are generally obtained by refining crude extracts at various temperatures and pressures. These oils are widely classified into numerous classes based on underlying attributes such as temperature and viscosity correlation, with each having distinct uses across diverse sectors. They provide lubrication, heat dissipation, and corrosion prevention.

The global base oil sector is a dynamic section of the petroleum industry, with its products essential in industrial, automotive, and aerospace sectors. The base oil market landscape has witnessed a visible change in the past few years owing to factors like technical breakthroughs, demanding regulatory standards, and shift in the customer tastes toward more ecologically-friendly and sustainable goods. Thus, base oil manufacturers and end-users are looking for new solutions that exceed performance standards and correspond with increase in emphasis on sustainability and resource conservation.

Rise in utilization of lubricants across industries, surge in demand for group II and III base oils, and substantial investments in the thriving automotive sector are contributing to the base oil market growth.

Attribute	Detail
Drivers	Rapid Industrialization in Emerging Economies Sustained Growth in Automotive and Industrial Lubricant Consumption

Rapid Industrialization in Emerging Economies Propelling Base Oil Market

Lubricants and their derivatives, especially finished lubricants, are in high demand as industries, particularly in emerging nations, are expanding significantly. This rise in demand is noticeable in sectors such as industrial machinery, automotive, and energy. In-depth base oil market analysis demonstrates a strong association between industrial expansion and lubricant consumption. Expansion of industrial sectors, particularly in emerging countries, is boosting the demand for high-grade oils in the automobile sector.

Declining crude oil sources and rise in focus on environmental safety is augmenting the requirement of environmentally acceptable synthetic hydraulic oils and fluids. These fluids are essential in manufacturing, aviation, construction, and automotive sectors, where they provide a range of services encompassing power transmission, machinery lubrication, wear protection, corrosion prevention, and heat transfer.

Hydraulic fluids transfer potential or kinetic energy, create volume flow between pumps and hydrostatic motors, and reduce the wear of parts that rub against each other. These fluids safeguard the system from corrosion and aid in the removal of heat generated during energy transformation.

Surge in adoption of hydraulic oils in automobile automatic transmissions, brakes, power steering, and industrial machinery such as tractors and other agricultural equipment, forklift trucks, and bulldozers, is driving the base oil market expansion. In terms of production process, materials, and geometry, the automobile sector has grown significantly in the past few years. The sector is working on fulfilling higher mileage and reduced emissions criteria. This, in turn, is augmenting the demand for metalworking fluids in the automotive sector.

Sustained Growth in Automotive and Industrial Lubricant Consumption

The base oil market is receiving strong backing from steadiness in automotive lubricant demand, which is driven by the rising global vehicle population. The rising number of commercial vehicles, passenger cars, and heavy-duty trucks, especially in developing countries, continues to drive the demand for transmission fluids, engine oils, and axle oils. These lubricant types are heavily dependent on base oils as their raw material, thus ensuring a stable base demand.

At the same time, the demand for industrial lubricants also provides strong backing to the base oil market. Sectors like manufacturing, mining, construction, marine, and power plants demand substantial quantities of turbine oils, hydraulic oils, compressor oils, and industrial greases. The rising machine utilization rates, capacity expansions, and periodic maintenance activities continue to drive steady lubricant demand, thus ensuring a corresponding steady base oil demand.

Also, the rising vehicle population and the lack of strict drain interval maintenance in developing countries continue to drive frequent lubricant replacements. This, in turn, drives base oil demand despite the gradual improvement in engine and equipment efficiencies.

Group II is Prominent Group Segment for Base Oil Market

Base Oil Market By Type

The Group II market has the largest market share of approximately 25.4% in the market as they offer the best possible combination of performance, price, and government regulations. Group II oils have a higher viscosity index, lower sulfur content, and better oxidation stability than Group I oils. The increasing number of vehicles on the road, stringent emission standards, and the demand for cleaner lubricants by OEMs are forcing the substitution of Group I oils by Group II oils.
Group II base oils are refined mineral base oils, which are produced through hydrocracking and hydrotreating processes, resulting in low sulfur and high saturation levels. In the base oil market, Group II is a mid-performance segment that offers better oxidation stability, improved viscosity index, and cleaner formulation properties than Group I.

Key Opportunity for Base Oil Market

Attribute	Detail
Opportunity	Capacity Expansion for Premium Group II and Group III Base Oils

The global transition toward fuel-efficient, high-performance, and low-emission lubricants is creating a strong opportunity for capacity expansion in Group II and Group III base oils. Automotive OEMs and regulatory bodies are increasingly mandating the low-viscosity lubricants, which call for base oils with higher viscosity index, superlative oxidation stability, and lower sulfur content. This shift is structurally increasing the demand for premium base oils while gradually displacing traditional Group I grades.
Base oil producers that invest in hydrocracking, hydroisomerization, and refinery upgradation technologies are capable of enhancing product quality, improving yield efficiency, and capturing higher margins. Additionally, expanding premium capacity strengthens long-term supply relationships with global lubricant blenders seeking consistent quality and specification compliance.

Regional Base Oil Market Insights

Base Oil Market By Region

Attribute	Detail
Leading Region	Asia Pacific, Which Consists of 43.8% Share of Global Market

According to the latest base oil market forecast, Asia Pacific is anticipated to hold the largest share from 2026 to 2036. The region dominated the industry in 2025 with a revenue share of 43.8% in 2025. Presence of thriving economies and growth in disposable income are fueling the market dynamics of the region.
China is a major market for base oils in Asia Pacific due to economic expansion and surge in demand for lubricants and associated goods. Rise in production of vehicles and expansion in the manufacturing sector is also driving the base oil market development in the country. Access to raw supplies, higher foreign investment, fast industrialization, and explosion of population are also contributing to the market trajectory in China. The industry in India is predicted to grow at a rapid pace during the forecast period due to the presence of various base oil producers and rapid infrastructure development in the country.
North America accounted for 19.1% share in 2025. Rise in demand for lubricants in the U.S., driven by the implementation of stern emission regulations and research in automation technologies, is boosting market value in North America.
Europe held 17.3% market share in 2025. Increase in governments’ investment in R&D activities pertaining to automotive technologies and reduction in prices of group I base oils are anticipated to contribute to the global base oil industry growth during the forecast period.

Analysis of Key Players in Base Oil Market

Most companies are employing several strategies to increase their base oil market share. They are also investing in R&D activities of new products to expand product portfolio. SK Lubricants, Shell plc, Petronas, ADNOC, S-Oil Corporation, Nynas AB, Chevron Corporation, Repsol, GS Caltex Corporation, and PetroChina Company Limited are key players in the market.

Each of these companies has been profiled in the base oil industry report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments. The report also provides detailed insights into the industry's dynamics. It throws light on changing trends, competitive landscapes, and new possibilities, providing stakeholders with useful information for strategic decision-making.

Base Oil Market Developments

In March 2025, ExxonMobil began operating base stock production in Jurong Island, Singapore, and had a new base stock production capacity of its Group II base oils. This will allow lower value refinery streams to be converted into a higher performing group of base products (Group III) for automotive and industrial lubricant applications.
In August 2025, Chevron Phillips Chemical announced a major upgrade in low viscosity polyalphaolefin (PAO) base oils at its Beringen facility in Belgium. The new capacity at Beringen has doubled production since the completion of the expansion to meet the growing demand for synthetic base oil used in high performance engine oils and the other kinds of specialty lubricants. This new production capacity also satisfies the current and predicted industry trends towards lower viscosity, fuel efficient lubricants as influenced by OEM performance requirements and regulations regarding emissions.
In July 2024, TotalEnergies bought Finnish re-refiner Tecoil and now has a bigger share of the market for re-refined base oils. This purchase also allows TotalEnergies to use Tecoil's collection system for used oils as well as produce regenerated base oil at Tecoil's plant. The acquisition has facilitated TotalEnergies' circular economy strategy by allowing it to produce lower-carbon lubricant formulas and meet stricter environmental regulations in the automotive and industrial lubricant markets throughout Europe.

Base Oil Market Snapshot

Attribute	Detail
Market Size Value in 2025	US$ 43.7 Bn
Market Forecast Value in 2036	US$ 65.9 Bn
Growth Rate (CAGR)	3.8%
Forecast Period	2026-2036
Historical Data Available for	2021-2025
Quantitative Units	US$ Bn for Value and Million Tons for Volume
Market Analysis	It includes cross-segment analysis at the global as well as regional level. Furthermore, the qualitative analysis includes drivers, restraints, base oil market opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.
Competition Landscape	Market share analysis by company (2025) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format	Electronic (PDF) + Excel
Market Segmentation	Group Group I SN 150 BS 150 SN 250 SN 500 Others Group II N 150 N 500 N 600 Others Group II+ Group III 2 cSt 4 cSt 6 cSt Group III+ Group IV (PAO) Group V (excluding Naphthenic) Others Application Automotive Fluids Lubricants Gear Oils Transmission Fluids Power Steering Fluids Brake Fluid Others Process Oils Rubber Process Oils Textile Process Oils Industrial Oils Transformer Oils Turbine Oils Food Grade Oils Others Metalworking Fluids Emulsions Neat Oils Hydraulic Oils Petroleum-based Biodegradable Others
Regions Covered	North America Latin America Europe Asia Pacific Middle East & Africa
Countries Covered	U.S. Canada Germany U.K. France Spain Italy China India Japan ASEAN Brazil Mexico GCC South Africa
Companies Profiled	SK Lubricants Shell plc Petronas ADNOC S-Oil Corporation Nynas AB Chevron Corporation Repsol GS Caltex Corporation PetroChina Company Limited Others
Customization Scope	Available upon request
Pricing	Available upon request

Frequently Asked Questions

How big was the base oil market in 2025?

The base oil market was valued at US$ 43.7 Bn in 2025

How is the base oil industry expected to grow by 2036?

The base oil industry is expected to grow at a CAGR of 3.8% from 2026 to 2036

What are the key drivers of the base oil market?

Rapid industrialization in emerging economies and sustained growth in automotive and industrial lubricant consumption.

Which was the largest segment of the base oil market in 2025?

Group II was the largest group segment and its value is anticipated to grow at a CAGR of 4.1% during the forecast period

Which region was the most lucrative in the base oil market in 2025?

Asia Pacific was the most lucrative region in 2025

Who are the prominent players in the base oil business?

SK Lubricants, Shell plc, Petronas, ADNOC, S-Oil Corporation, Nynas AB, Chevron Corporation, Repsol, GS Caltex Corporation, PetroChina Company Limited are the major players in the base oil market

Executive Summary
- Global Market Outlook
- Demand Side Trends
- Key Facts and Figures
- Trends Impacting Market
- TMR’s Growth Opportunity Wheel
Market Overview
- Key Developments
- Market Definitions
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- Global Base Oil Market Analysis and Forecasts, 2026-2036
  - Global Base Oil Market Volume (Million Tons)
  - Global Base Oil Market Revenue (US$ Bn)
- Porter’s Five Forces Analysis
- Regulatory Landscape
- Value Chain Analysis
  - List of Feedstock Providers
  - List of Manufacturers
  - List of Dealers/Distributors
  - List of Potential Customers
- Production Overview
- Group Specification Analysis
- Cost Structure Analysis
Impact of Current Geopolitical Scenario on Market
Production Output Analysis (Million Tons), 2025
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Import-Export Analysis, by Region, 2021-2025
Price Trend Analysis and Forecast (US$/Ton), 2026-2036
- Price Comparison Analysis by Group
- Price Comparison Analysis by Region
Global Base Oil Market Analysis and Forecast, by Group, 2026-2036
- Introduction and Definitions
- Global Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Group I
    - SN 150
    - BS 150
    - SN 250
    - SN 500
    - Others
  - Group II
    - N 150
    - N 500
    - N 600
    - Others
  - Group II+
  - Group III
    - 2 cSt
    - 4 cSt
    - 6 cSt
  - Group III+
  - Group IV (PAO)
  - Group V (excluding Naphthenic)
  - Others
- Global Base Oil Market Attractiveness, by Group
Global Base Oil Market Analysis and Forecast, by Application, 2026-2036
- Introduction and Definitions
- Global Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Automotive Fluids
    - Lubricants
    - Gear Oils
    - Transmission Fluids
    - Power Steering Fluids
    - Brake Fluid
    - Others
  - Process Oils
    - Rubber Process Oils
    - Textile Process Oils
  - Industrial Oils
    - Transformer Oils
    - Turbine Oils
    - Food Grade Oils
    - Others
  - Metalworking Fluids
    - Emulsions
    - Neat Oils
  - Hydraulic Oils
    - Petroleum-based
    - Biodegradable
  - Others
- Global Base Oil Market Attractiveness, by Application
Global Base Oil Market Analysis and Forecast, by Region, 2026-2036
- Key Findings
- Global Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Region, 2026-2036
  - North America
  - Europe
  - Asia Pacific
  - Latin America
  - Middle East & Africa
- Global Base Oil Market Attractiveness, by Region
North America Base Oil Market Analysis and Forecast, 2026-2036
- Key Findings
- North America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
- North America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- North America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Country, 2026-2036
  - U.S. Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - U.S. Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Canada Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Canada Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- North America Base Oil Market Attractiveness Analysis
Europe Base Oil Market Analysis and Forecast, 2026-2036
- Key Findings
- Europe Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
- Europe Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Europe Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2026-2036
  - Germany Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Germany Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - U.K. Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - U.K. Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - France Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - France Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Spain Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Spain Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Italy Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Italy Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Russia & CIS Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Russia & CIS Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Rest of Europe Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Rest of Europe Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Europe Base Oil Market Attractiveness Analysis
Asia Pacific Base Oil Market Analysis and Forecast, 2026-2036
- Key Findings
- Asia Pacific Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group
- Asia Pacific Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Asia Pacific Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2026-2036
  - China Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - China Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - India Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - India Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Japan Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Japan Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - ASEAN Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - ASEAN Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Rest of Asia Pacific Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Rest of Asia Pacific Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Asia Pacific Base Oil Market Attractiveness Analysis
Latin America Base Oil Market Analysis and Forecast, 2026-2036
- Key Findings
- Latin America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
- Latin America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Latin America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2026-2036
  - Brazil Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Brazil Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Mexico Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Mexico Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Rest of Latin America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Rest of Latin America Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Latin America Base Oil Market Attractiveness Analysis
Middle East & Africa Base Oil Market Analysis and Forecast, 2026-2036
- Key Findings
- Middle East & Africa Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
- Middle East & Africa Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Middle East & Africa Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2026-2036
  - GCC Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - GCC Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - South Africa Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - South Africa Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
  - Rest of Middle East & Africa Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Group, 2026-2036
  - Rest of Middle East & Africa Base Oil Market Volume (Million Tons) and Value (US$ Bn) Forecast, by Application, 2026-2036
- Middle East & Africa Base Oil Market Attractiveness Analysis
Competition Landscape
- Market Players - Competition Matrix (by Tier and Size of Companies)
- Market Share Analysis, 2025
- Market Footprint Analysis
  - By Group
  - By Application
- Company Profiles
  - SK Lubricants
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - Shell plc
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - Petronas
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - ADNOC
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - S-Oil Corporation
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - Nynas AB
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - Chevron Corporation
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - Repsol
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - GS Caltex Corporation
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
  - PetroChina Company Limited
    - Company Revenue
    - Business Overview
    - Product Segments
    - Geographic Footprint
    - Production Capacity/Plant Details, etc. (*As Applicable)
    - Strategic Partnership, Capacity Expansion, New Product Innovation etc.
Appendix

List of Tables

Table 1 Global Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 2 Global Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 3 Global Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 4 Global Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 5 Global Base Oil Market Volume (Million Tons) Forecast, by Region, 2026 to 2036
Table 6 Global Base Oil Market Value (US$ Bn) Forecast, by Region, 2026 to 2036
Table 7 North America Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 8 North America Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 9 North America Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 10 North America Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 11 North America Base Oil Market Volume (Million Tons) Forecast, by Country, 2026 to 2036
Table 12 North America Base Oil Market Value (US$ Bn) Forecast, by Country, 2026 to 2036
Table 13 U.S. Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 14 U.S. Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 15 U.S. Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 16 U.S. Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 17 Canada Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 18 Canada Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 19 Canada Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 20 Canada Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 21 Europe Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 22 Europe Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 23 Europe Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 24 Europe Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 25 Europe Base Oil Market Volume (Million Tons) Forecast, by Country and Sub-region, 2026 to 2036
Table 26 Europe Base Oil Market Value (US$ Bn) Forecast, by Country and Sub-region, 2026 to 2036
Table 27 Germany Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 28 Germany Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 29 Germany Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 30 Germany Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 31 U.K. Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 32 U.K. Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 33 U.K. Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 34 U.K. Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 35 France Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 36 France Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 37 France Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 38 France Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 39 Spain Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 40 Spain Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 41 Spain Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 42 Spain Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 43 Italy Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 44 Italy Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 45 Italy Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 46 Italy Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 47 Russia & CIS Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 48 Russia & CIS Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 49 Russia & CIS Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 50 Russia & CIS Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 51 Rest of Europe Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 52 Rest of Europe Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 53 Rest of Europe Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 54 Rest of Europe Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 55 Asia Pacific Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 56 Asia Pacific Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 57 Asia Pacific Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 58 Asia Pacific Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 59 Asia Pacific Base Oil Market Volume (Million Tons) Forecast, by Country and Sub-region, 2026 to 2036
Table 60 Asia Pacific Base Oil Market Value (US$ Bn) Forecast, by Country and Sub-region, 2026 to 2036
Table 61 China Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 62 China Base Oil Market Value (US$ Bn) Forecast, by Group 2026 to 2036
Table 63 China Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 64 China Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 65 India Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 66 India Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 67 India Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 68 India Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 69 Japan Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 70 Japan Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 71 Japan Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 72 Japan Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 73 ASEAN Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 74 ASEAN Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 75 ASEAN Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 76 ASEAN Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 77 Rest of Asia Pacific Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 78 Rest of Asia Pacific Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 79 Rest of Asia Pacific Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 80 Rest of Asia Pacific Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 81 Latin America Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 82 Latin America Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 83 Latin America Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 84 Latin America Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 85 Latin America Base Oil Market Volume (Million Tons) Forecast, by Country and Sub-region, 2026 to 2036
Table 86 Latin America Base Oil Market Value (US$ Bn) Forecast, by Country and Sub-region, 2026 to 2036
Table 87 Brazil Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 88 Brazil Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 89 Brazil Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 90 Brazil Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 91 Mexico Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 92 Mexico Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 93 Mexico Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 94 Mexico Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 95 Rest of Latin America Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 96 Rest of Latin America Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 97 Rest of Latin America Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 98 Rest of Latin America Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 99 Middle East & Africa Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 100 Middle East & Africa Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 101 Middle East & Africa Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 102 Middle East & Africa Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 103 Middle East & Africa Base Oil Market Volume (Million Tons) Forecast, by Country and Sub-region, 2026 to 2036
Table 104 Middle East & Africa Base Oil Market Value (US$ Bn) Forecast, by Country and Sub-region, 2026 to 2036
Table 105 GCC Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 106 GCC Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 107 GCC Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 108 GCC Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 109 South Africa Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 110 South Africa Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 111 South Africa Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 112 South Africa Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036
Table 113 Rest of Middle East & Africa Base Oil Market Volume (Million Tons) Forecast, by Group, 2026 to 2036
Table 114 Rest of Middle East & Africa Base Oil Market Value (US$ Bn) Forecast, by Group, 2026 to 2036
Table 115 Rest of Middle East & Africa Base Oil Market Volume (Million Tons) Forecast, by Application, 2026 to 2036
Table 116 Rest of Middle East & Africa Base Oil Market Value (US$ Bn) Forecast, by Application, 2026 to 2036

List of Figures

Figure 1 Global Base Oil Market Volume Share Analysis, by Group, 2025, 2029, and 2036
Figure 2 Global Base Oil Market Attractiveness, by Group
Figure 3 Global Base Oil Market Volume Share Analysis, by Application, 2025, 2029, and 2036
Figure 4 Global Base Oil Market Attractiveness, by Application
Figure 5 Global Base Oil Market Volume Share Analysis, by Region, 2025, 2029, and 2036
Figure 6 Global Base Oil Market Attractiveness, by Region
Figure 7 North America Base Oil Market Volume Share Analysis, by Group, 2025, 2029, and 2036
Figure 8 North America Base Oil Market Attractiveness, by Group
Figure 9 North America Base Oil Market Attractiveness, by Group
Figure 10 North America Base Oil Market Volume Share Analysis, by Application, 2025, 2029, and 2036
Figure 11 North America Base Oil Market Attractiveness, by Application
Figure 12 North America Base Oil Market Attractiveness, by Country and Sub-region
Figure 13 Europe Base Oil Market Volume Share Analysis, by Group, 2025, 2029, and 2036
Figure 14 Europe Base Oil Market Attractiveness, by Group
Figure 15 Europe Base Oil Market Volume Share Analysis, by Application, 2025, 2029, and 2036
Figure 16 Europe Base Oil Market Attractiveness, by Application
Figure 17 Europe Base Oil Market Volume Share Analysis, by Country and Sub-region, 2025, 2029, and 2036
Figure 18 Europe Base Oil Market Attractiveness, by Country and Sub-region
Figure 19 Asia Pacific Base Oil Market Volume Share Analysis, by Group, 2025, 2029, and 2036
Figure 20 Asia Pacific Base Oil Market Attractiveness, by Group
Figure 21 Asia Pacific Base Oil Market Volume Share Analysis, by Application, 2025, 2029, and 2036
Figure 22 Asia Pacific Base Oil Market Attractiveness, by Application
Figure 23 Asia Pacific Base Oil Market Volume Share Analysis, by Country and Sub-region, 2025, 2029, and 2036
Figure 24 Asia Pacific Base Oil Market Attractiveness, by Country and Sub-region
Figure 25 Latin America Base Oil Market Volume Share Analysis, by Group, 2025, 2029, and 2036
Figure 26 Latin America Base Oil Market Attractiveness, by Group
Figure 27 Latin America Base Oil Market Volume Share Analysis, by Application, 2025, 2029, and 2036
Figure 28 Latin America Base Oil Market Attractiveness, by Application
Figure 29 Latin America Base Oil Market Volume Share Analysis, by Country and Sub-region, 2025, 2029, and 2036
Figure 30 Latin America Base Oil Market Attractiveness, by Country and Sub-region
Figure 31 Middle East & Africa Base Oil Market Volume Share Analysis, by Group, 2025, 2029, and 2036
Figure 32 Middle East & Africa Base Oil Market Attractiveness, by Group
Figure 33 Middle East & Africa Base Oil Market Volume Share Analysis, by Application, 2025, 2029, and 2036
Figure 34 Middle East & Africa Base Oil Market Attractiveness, by Application
Figure 35 Middle East & Africa Base Oil Market Volume Share Analysis, by Country and Sub-region, 2025, 2029, and 2036
Figure 36 Middle East & Africa Base Oil Market Attractiveness, by Country and Sub-region