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Base Oil Market

Base Oil Market (Grade: Group I, Group II, Group III, Group IV, Group V, Naphthenic, and Re-refined) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Base Oil Market Outlook 2031

  • The global base oil market was valued at US$ 35.47 Bn in 2021
  • It is estimated to grow at a CAGR of 1.78% from 2022 to 2031
  • The global base oil market is expected to reach US$ 42.31 Bn by the end of 2031

Analysts’ Viewpoint on Base Oil Market Scenario

Growth prospects for the base oil market appear promising owing to the rise in R&D investments in the oil & gas sector. Naphthenic base oils are gaining traction due to their high polarity, which contributes to a better soap-oil interaction for a more homogeneous grease structure. Governments across the globe are implementing stringent regulations to reduce CO2 emissions. This is expected to encourage the development of sustainable approaches in lubricant formulation. Increase in demand for high-performance lubricants is anticipated to augment the market during the forecast period. Manufacturers are launching new blended base oil products comprising refined paraffinic and naphthenic oils. These products offer robust mechanical stability, lubricity, and dropping point.

Base Oil Market

Base Oil Market Introduction

Crude oil is refined to produce base oils. PAO oil, synthetic ester oil, virgin base oil, and naphthenic base oil are various base oil types available in the market. Base oils are used to formulate a variety of lubricating oils such as engine oils, transmission and industrial gear lubricants, and greases. They are employed in automotive, engineering, industrial, manufacturing, and other sectors. Base oils are utilized in the manufacture of lubricants for home appliances such as dishwashers, washers and dryers, refrigerators, mixers, and blenders.

Polyalphaolefin (PAO) is a synthetic base oil used in the manufacture of industrial and automotive lubricants. Synthesized ester oils are employed in automotive, HVAC, and industrial applications. Virgin base oils are group I base oils used in the production of lubricants. Naphthenic base oils offer thermal stability and excellent compatibility with synthetic elastomers for their application in automotive, industrial, and tire manufacturing.

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Rise in Adoption of Lubricants in Automotive Sector Augmenting Global Market for Base Oil

Base oils are used in the formulation of various types of lubricants. The automotive industry is a key end-user of lubricants. It employs lubricating products such as engine oils, transmission oils, and greases. The global automotive industry is growing at a rapid pace, particularly in developing countries. According to the International Organization of Motor Vehicle Manufacturers (OICA), new vehicle sales increased from 87.5 million units in 2013 to 95.05 million units in 2018. Automotive companies are focused on enhancing the efficiency of automobiles. This is expected to boost the demand for base oils in the automotive sector in the next few years.

Rapid Industrial Expansion in Emerging Economies Driving Global Base Oil Market

Rapid industrialization in developing countries is fueling the demand for lubricants in various end-use industries. China, India, Brazil, and South Africa are witnessing significant growth in industries such as industrial machinery, automotive, and energy. Eco-friendly hydraulic oils are gaining traction worldwide owing to the depletion of crude oils and rise in focus on sustainable development. These oils are employed in end-use industries such as aviation, manufacturing, construction, and automotive. Hydraulic fluids prevent corrosion and wear & tear of machines, and act as heat transfer medium. They transfer kinetic energy, creating volume flow between the pump and hydrostatic motors. Hydraulic oils are used in automatic transmission, brakes, and power steering in passenger cars and industrial machines such as tractors, forklift trucks, and bulldozers.

Demand for high-performance lubricants and process oils is rising at a rapid pace in the global tire and rubber industry. This is likely to offer lucrative growth opportunities to the base oil market during the forecast period.

Increase in Demand for Group I Base Oils in Shipping Industry

In terms of grade, the global base oil market has been segmented into group I, group II, group III, group IV (PAO), group V (exc. naphthenic), naphthenic, and re-refined. The group I segment dominated the market in 2021. Group I base oils are primarily used in the formulation of marine lubricants in the shipping industry to protect and enhance the efficiency of engines and equipment. High-performance marine lubricants require high-viscosity base oils, specially designed to enable optimal performance in operations.

The grade II segment is expected to grow at a significant pace, while the grade III segment is estimated to expand at a steady pace during the forecast period.

Growth in Adoption of Automotive Fluids Across Globe

Based on application, the global base oil market has been classified into automotive fluids, process oils, industrial oils, metalworking fluids, hydraulic oils, and others. The automotive fluids segment dominated the global base oil market with nearly 48.0% share in 2021. Base oils are widely used to manufacture lubricants in the automotive industry. Lubricants play a vital role in automotive engines, transmission, and steering mechanisms by reducing friction and heat generation. In some cases, these lubricants simultaneously cool various components in automobiles.

The metalworking fluids segment is likely to grow at a CAGR of 1.9% from 2022 to 2031, owing to the increase in demand for lubricant stocks with high solvency in automotive chassis and metal cutting applications.

Regional Outlook of Base Oil Market

In terms of volume, Asia Pacific held large share of 41.57% of the global base oil market in 2021. Expansion of the automotive industry and rapid industrialization are driving the market in the region.

North America accounted for significant share of the global market in 2021. The U.S. is witnessing a moderate demand for high-performance lubricants, led by the increase in focus on regulation of CO2 emissions. Surge in R&D of new lubricating blends is also projected to fuel the market in North America in the near future.

Analysis of Key Players in Global Base Oil Market

The global base oil market is consolidated, with a small number of large-scale vendors controlling majority of the share. Key players are investing significantly in R&D of eco-friendly products to increase their market share. Expansion of product portfolios and mergers & acquisitions are major strategies adopted by players. Shell Plc, Nynas AB, PetroChina Company Limited, S-OIL Corporation, Gandhar Oil Refinery (India) Limited, Repsol S.A., Calumet Specialty Products Partners, L.P., Petróleo Brasileiro S.A., Apar Industries Ltd, Gulf Petrochem FZC, Resolute Oil, LLC, and UniSource Energy, LLC are prominent entities operating in the market.

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Key Developments in Global Base Oil Market

  • In January 2020, Nynas AB launched NYFLEX 201B and NYFLEX 2005, highly refined process oils, for usage in sealant formulations
  • In October 2019, Texol Lubritech FZC, a part of Gandhar Oil Refinery India Ltd., opened a manufacturing unit in the Hamriyah Free Zone, Sharjah, the UAE. The plant manufactures white oils, LLP, HLP, transformer oils, rubber-processing oils, and industrial and automotive lubricants.

Each of these players has been profiled in the base oil market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Base Oil Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 35.47 Bn

Market Forecast Value in 2031

US$ 42.31 Bn

Growth Rate

(CAGR)

1.78%

Forecast Period

2022–2031

Historical Data Available for

2020

Quantitative Units

US$ Bn for Value and Kilo Tons for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Grade
    • Group I
      • SN 150
      • BS 150
      • SN 250
      • SN 500
      • Others
    • Group II
      • N 150
      • N 500
      • N 600
      • Others
    • Group III
      • 2 cSt
      • 4 cSt
      • 6 cSt
      • 8 cSt
    • Group IV (PAO)
    • Group V (exc. Naphthenic)
    • Naphthenic
      • 35-60 SUS
      • 80-130 SUS
      • 200-300 SUS
      • 400-800 SUS
      • Above 1200 SUS
    • Re-refined
  • Application
    • Automotive Fluids
      • Lubricants
      • Gear Oils
      • Transmission Fluids
      • Power Steering Fluids
      • Brake Fluids
      • 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 (White Oil, Prevention Oil, etc.)

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Companies Profiled

  • Shell plc
  • Nynas AB
  • PetroChina Company Limited
  • S-OIL Corporation
  • Gandhar Oil Refinery (India) Limited
  • Repsol S.A.
  • Calumet Specialty Products Partners, L.P
  • Petróleo Brasileiro S.A.
  • Apar Industries Ltd.
  • Gulf Petrochem FZC
  • Resolute Oil, LLC
  • UniSource Energy, LLC

Customization Scope

Available upon request

Pricing

Available upon request

Base Oil Market

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Frequently Asked Questions

How big was the base oil market in 2021?

The base oil market was valued at US$ 35.47 Bn in 2021

How is the market expected to grow by 2031?

The base oil market is expected to grow at a CAGR of 1.78% from 2022 to 2031

What are the key drivers of the base oil market?

Rise in adoption of lubricants in automotive sector and rapid industrial expansion in emerging economies

Which is the largest segment of the base oil market?

Automotive fluids was the largest segment that held nearly 48.0% share of the market in 2021

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

Asia Pacific was the most lucrative region of the base oil market in 2021

Who are the prominent players in the base oil market?

Shell Plc, Nynas AB, PetroChina Company Limited, S-OIL Corporation, Gandhar Oil Refinery (India) Limited, Repsol S.A., Calumet Specialty Products Partners, L.P., Petróleo Brasileiro S.A., Apar Industries Ltd, Gulf Petrochem FZC, Resolute Oil, LLC, and UniSource Energy, LLC

1. Executive Summary

    1.1. Base Oil Market Snapshot

    1.2. Key Market Trends

    1.3. Current Market and Future Potential

    1.4. TMR’s Growth Opportunity Wheel

2. Market Overview

    2.1. Market Segmentation

    2.2. Market Indicators

    2.3. Market Definitions

    2.4. Market Dynamics

        2.4.1. Drivers

        2.4.2. Restraints

        2.4.3. Opportunities

    2.5. Porter’s Five Forces Analysis

    2.6. Value Chain Analysis

        2.6.1. List of Potential Customers

3. COVID-19 Impact Analysis

4. Base Oil Market Production Outlook

5. Base Oil Price Trend Analysis, 2020–2031

    5.1. By Grade

    5.2. By Region

6. Global Base Oil Market Analysis and Forecast, by Grade, 2020–2031

    6.1. Introduction and Definitions

    6.2. Global Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        6.2.1. Group I

            6.2.1.1. SN 150

            6.2.1.2. BS 150

            6.2.1.3. SN 250

            6.2.1.4. SN 500

            6.2.1.5. Others

        6.2.2. Group II

            6.2.2.1. N 150

            6.2.2.2. N 500

            6.2.2.3. N 600

            6.2.2.4. Others

        6.2.3. Group III

            6.2.3.1. 2 cSt

            6.2.3.2. 4 cSt

            6.2.3.3. 6 cSt

            6.2.3.4. 8 cSt

        6.2.4. Group IV (PAO)

        6.2.5. Group V (exc. Naphthenic)

        6.2.6. Naphthenic

            6.2.6.1. 35-60 SUS

            6.2.6.2. 80-130 SUS

            6.2.6.3. 200-300 SUS

            6.2.6.4. 400-800 SUS

            6.2.6.5. Above 1200 SUS

        6.2.7. Re-refined

    6.3. Global Base Oil Market Attractiveness, by Grade

7. Global Base Oil Market Analysis and Forecast, by Application, 2020–2031

    7.1. Introduction and Definitions

    7.2. Global Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        7.2.1. Automotive Fluids

            7.2.1.1. Lubricants

            7.2.1.2. Gear Oils

            7.2.1.3. Transmission Fluids

            7.2.1.4. Power Steering Fluids

            7.2.1.5. Brake Fluids

            7.2.1.6. Others

        7.2.2. Process Oils

            7.2.2.1. Rubber Process Oils

            7.2.2.2. Textile Process Oils

        7.2.3. Industrial Oils

            7.2.3.1. Transformer Oils

            7.2.3.2. Turbine Oils

            7.2.3.3. Food-grade Oils

            7.2.3.4. Others

        7.2.4. Metalworking Fluids

            7.2.4.1. Emulsions

            7.2.4.2. Neat Oils

        7.2.5. Hydraulic Oils

            7.2.5.1. Petroleum-based

            7.2.5.2. Biodegradable

        7.2.6. Others (White Oil, Prevention Oil, etc.)

    7.3. Global Base Oil Market Attractiveness, by Application

8. Global Base Oil Market Analysis and Forecast, by Region, 2020–2031

    8.1. Key Findings

    8.2. Global Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Region, 2020–2031

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Latin America

        8.2.5. Middle East & Africa

    8.3. Global Base Oil Market Attractiveness, by Region

9. North America Base Oil Market Analysis and Forecast, 2020–2031

    9.1. Key Findings

    9.2. North America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

    9.3. North America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    9.4. North America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country, 2020–2031

        9.4.1. U.S. Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        9.4.2. U.S. Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        9.4.3. Canada Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        9.4.4. Canada Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    9.5. North America Base Oil Market Attractiveness Analysis

10. Europe Base Oil Market Analysis and Forecast, 2020–2031

    10.1. Key Findings

    10.2. Europe Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

    10.3. Europe Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    10.4. Europe Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

        10.4.1. Germany Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        10.4.2. Germany Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        10.4.3. France Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        10.4.4. France Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        10.4.5. U.K. Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        10.4.6. U.K. Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        10.4.7. Italy Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        10.4.8. Italy Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        10.4.9. Spain Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        10.4.10. Spain Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        10.4.11. Russia & CIS Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        10.4.12. Russia & CIS Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        10.4.13. Rest of Europe Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        10.4.14. Rest of Europe Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    10.5. Europe Base Oil Market Attractiveness Analysis

11. Asia Pacific Base Oil Market Analysis and Forecast, 2020–2031

    11.1. Key Findings

    11.2. Asia Pacific Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

    11.3. Asia Pacific Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    11.4. Asia Pacific Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

        11.4.1. China Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        11.4.2. China Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        11.4.3. Japan Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        11.4.4. Japan Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        11.4.5. India Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        11.4.6. India Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        11.4.7. ASEAN Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        11.4.8. ASEAN Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        11.4.9. Rest of Asia Pacific Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        11.4.10. Rest of Asia Pacific Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    11.5. Asia Pacific Base Oil Market Attractiveness Analysis

12. Latin America Base Oil Market Analysis and Forecast, 2020–2031

    12.1. Key Findings

    12.2. Latin America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

    12.3. Latin America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    12.4. Latin America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

        12.4.1. Brazil Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        12.4.2. Brazil Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        12.4.3. Mexico Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        12.4.4. Mexico Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        12.4.5. Rest of Latin America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        12.4.6. Rest of Latin America Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    12.5. Latin America Base Oil Market Attractiveness Analysis

13. Middle East & Africa Base Oil Market Analysis and Forecast, 2020–2031

    13.1. Key Findings

    13.2. Middle East & Africa Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

    13.3. Middle East & Africa Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    13.4. Middle East & Africa Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

        13.4.1. South Africa Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        13.4.2. South Africa Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        13.4.3. GCC Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        13.4.4. GCC Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

        13.4.5. Rest of Middle East & Africa Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Grade, 2020–2031

        13.4.6. Rest of Middle East & Africa Base Oil Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2020–2031

    13.5. Middle East & Africa Base Oil Market Attractiveness Analysis

14. Competition Landscape

    14.1. Global Base Oil Company Market Share Analysis, 2021

    14.2. Competition Matrix

    14.3. Market Footprint Analysis

        14.3.1. By Grade

        14.3.2. By Application

    14.4. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)

        14.4.1. Shell Plc

            14.4.1.1. Company Description

            14.4.1.2. Business Overview

            14.4.1.3. Financial Details

            14.4.1.4. Strategic Overview

        14.4.2. Nynas AB

            14.4.2.1. Company Description

            14.4.2.2. Business Overview

            14.4.2.3. Financial Details

            14.4.2.4. Strategic Overview

        14.4.3. PetroChina Company Limited

            14.4.3.1. Company Description

            14.4.3.2. Business Overview

        14.4.4. S-OIL Corporation

            14.4.4.1. Company Description

            14.4.4.2. Business Overview

        14.4.5. Gandhar Oil Refinery (India) Limited

            14.4.5.1. Company Description

            14.4.5.2. Business Overview

        14.4.6. Repsol S.A.

            14.4.6.1. Company Description

            14.4.6.2. Business Overview

        14.4.7. Calumet Specialty Products Partners, L.P

            14.4.7.1. Company Description

            14.4.7.2. Business Overview

        14.4.8. Petróleo Brasileiro S.A.

            14.4.8.1. Company Description

            14.4.8.2. Business Overview

        14.4.9. Apar Industries Ltd.

            14.4.9.1. Company Description

            14.4.9.2. Business Overview

        14.4.10. Gulf Petrochem FZC

            14.4.10.1. Company Description

            14.4.10.2. Business Overview

        14.4.11. Resolute Oil, LLC

            14.4.11.1. Company Description

            14.4.11.2. Business Overview

        14.4.12. UniSource Energy, LLC

            14.4.12.1. Company Description

            14.4.12.2. Business Overview

15. Primary Research: Key Insights

16. Appendix

List of Tables

Table 1: Global Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 2: Global Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 3: Global Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 4: Global Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 5: Global Base Oil Market Volume (Kilo Tons) Forecast, by Region, 2020–2031

Table 6: Global Base Oil Market Value (US$ Mn) Forecast, by Region, 2020–2031

Table 7: North America Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 8: North America Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 9: North America Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 10: North America Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 11: North America Base Oil Market Volume (Kilo Tons) Forecast, by Country, 2020–2031

Table 12: North America Base Oil Market Value (US$ Mn) Forecast, by Country, 2020–2031

Table 13: U.S. Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 14: U.S. Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 15: U.S. Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 16: U.S. Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 17: Canada Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 18: Canada Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 19: Canada Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 20: Canada Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 21: Europe Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 22: Europe Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 23: Europe Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 24: Europe Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 25: Europe Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031

Table 26: Europe Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

Table 27: Germany Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 28: Germany Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 29: Germany Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 30: Germany Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 31: U.K. Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 32: U.K. Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 33: U.K. Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 34: U.K. Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 35: France Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 36: France Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 37: France Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 38: France Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 39: Italy Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 40: Italy Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 41: Italy Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 42: Italy Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 43: Spain Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 44: Spain Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 45: Spain Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 46: Spain Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 47: Russia & CIS Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 48: Russia & CIS Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 49: Russia & CIS Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 50: Russia & CIS Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 51: Rest of Europe Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 52: Rest of Europe Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 53: Rest of Europe Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 54: Rest of Europe Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 55: Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 56: Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 57: Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 58: Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 59: Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031

Table 60: Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

Table 61: China Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 62: China Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 63: China Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 64: China Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 65: Japan Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 66: Japan Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 67: Japan Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 68: Japan Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 69: India Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 70: India Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 71: India Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 72: India Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 73: ASEAN Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 74: ASEAN Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 75: ASEAN Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 76: ASEAN Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 77: Rest of Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 78: Rest of Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 79: Rest of Asia Pacific Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 80: Rest of Asia Pacific Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 81: Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 82: Latin America Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 83: Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 84: Latin America Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 85: Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031

Table 86: Latin America Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

Table 87: Brazil Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 88: Brazil Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 99: Brazil Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 100: Brazil Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 101: Mexico Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 102: Mexico Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 103: Mexico Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 104: Mexico Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 105: Rest of Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 106: Rest of Latin America Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 107: Rest of Latin America Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 108: Rest of Latin America Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 109: Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 110: Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 111: Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 112: Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 113: Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2020–2031

Table 114: Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020–2031

Table 115: GCC Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 116: GCC Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 117: GCC Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 118: GCC Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 119: South Africa Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 120: South Africa Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 121: South Africa Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 122: South Africa Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

Table 123: Rest of Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Grade, 2020–2031

Table 124: Rest of Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Grade, 2020–2031

Table 125: Rest of Middle East & Africa Base Oil Market Volume (Kilo Tons) Forecast, by Application, 2020–2031

Table 126: Rest of Middle East & Africa Base Oil Market Value (US$ Mn) Forecast, by Application, 2020–2031

List of Figures

Figure 1: Global Base Oil Price Trend, by Application, 2020–2031 (US$/Ton)

Figure 2: Global Base Oil Price Trend, by Region, 2020–2031 (US$/Ton)

Figure 3: Global Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031

Figure 4: Global Base Oil Market Attractiveness, by Grade

Figure 5: Global Base Oil Market Volume Share, by Application, 2021, 2025, and 2031

Figure 6: Global Base Oil Market Attractiveness, by Application

Figure 7: Global Base Oil Market Volume Share, by Region, 2021, 2025, and 2031

Figure 8: Global Base Oil Market Attractiveness, by Region

Figure 9: North America Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031

Figure 10: North America Base Oil Market Attractiveness, by Grade

Figure 11: North America Base Oil Market Volume Share, by Application, 2021, 2025, and 2031

Figure 12: North America Base Oil Market Attractiveness, by Application

Figure 13: North America Base Oil Market Volume Share, by Country, 2021, 2025, and 2031

Figure 14: North America Base Oil Market Attractiveness, by Country

Figure 15: Europe Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031

Figure 16: Europe Base Oil Market Attractiveness, by Grade

Figure 17: Europe Base Oil Market Volume Share, by Application, 2021, 2025, and 2031

Figure 18: Europe Base Oil Market Attractiveness, by Application

Figure 19: Europe Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

Figure 20: Europe Base Oil Market Attractiveness, by Country and Sub-region

Figure 21: Asia Pacific Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031

Figure 22: Asia Pacific Base Oil Market Attractiveness, by Grade

Figure 23: Asia Pacific Base Oil Market Volume Share, by Application, 2021, 2025, and 2031

Figure 24: Asia Pacific Base Oil Market Attractiveness, by Application

Figure 25: Asia Pacific Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

Figure 26: Asia Pacific Base Oil Market Attractiveness, by Country and Sub-region

Figure 27: Latin America Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031

Figure 28: Latin America Base Oil Market Attractiveness, by Grade

Figure 29: Latin America Base Oil Market Volume Share, by Application, 2021, 2025, and 2031

Figure 30: Latin America Base Oil Market Attractiveness, by Application

Figure 31: Latin America Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

Figure 32: Latin America Base Oil Market Attractiveness, by Country and Sub-region

Figure 33: Middle East & Africa Base Oil Market Volume Share, by Grade, 2021, 2025, and 2031

Figure 34: Middle East & Africa Base Oil Market Attractiveness, by Grade

Figure 35: Middle East & Africa Base Oil Market Volume Share, by Application, 2021, 2025, and 2031

Figure 36: Middle East & Africa Base Oil Market Attractiveness, by Application

Figure 37: Middle East & Africa Base Oil Market Volume Share, by Country and Sub-region, 2021, 2025, and 2031

Figure 38: Middle East & Africa Base Oil Market Attractiveness, by Country and Sub-region

Figure 39: Global Base Oil Market Share Analysis, by Company, 2020

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