Process Oil market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
During the fractional distillation of crude oil, the heated oil fraction is removed to derive process oils from it. Process oils are more volatile than gasoline and are mixtures of naphthenic, paraffinic, and aromatic compounds in varying proportions. Lubricants play a crucial role in sectors such as automotive, aviation, manufacturing, and marine. They are used for the maintenance of both new and old machines and equipment to reduce friction, which increases over time because of the wear and tear of working surfaces.
Asia-Pacific is estimated to be the largest market for process oils in 2018 and is projected to witness the highest growth between 2018 and 2023. The high growth in emerging economies has made Asia-Pacific a lucrative market for the manufacturers of process oils. The growth of the tire and rubber industries in China and India has resulted in the high consumption of process oils in these countries in recent years.
This report focuses on Process Oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Process Oil market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
Report Sample includes:
– Table of Contents
– List of Tables & Figures
– Charts
– Research Methodology
No comments:
Post a Comment