Albany, New York, September 15, 2017: Potential growth in the global process oil market is anticipated over the forecast period due to favorable macro-economic environment. “Process Oil Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025),” is the new report that has been added to the database of Market Research Reports Search Engine. This research report examines the global process oil market for the duration of 8-years, i.e. 2017-2025. The growth in respective end use industries is likely to, in turn, drive the growth of process oil market during the forecast period. The global process oil market is estimated to reach 1,058,598 Metric Tons by 2017 end and is estimated to increase to 1,314,570 Metric Tons by 2025 in terms of volume, expanding at a CAGR of 3.7% over the projected period.
Prominent Trends- The Global Process Oil Market
Analysis by Product Type Segment- The Global Process Oil Market
Product type segment include paraffinic, naphthenic, aromatic segments. The segment known as naphthenic is likely to hold a dominant share of the demand, owing to favorable regulatory environment. This segment is likely to grow at compound Annual Growth Rate- 3.2% by value during the assessed period. Developed regions are anticipated to show a significant in the naphthenic segment of the global process oil market during the period of 2017-2025. In terms of value, the segment known as paraffinic is likely to develop at 4.3% CAGR during the projected period. The segment is anticipated to register an index of market attractiveness at 0.5 during the projected period.
Analysis by Application Type Segment- The Global Process Oil Market
This segment include applications such as consumer products, rubber processing, pharmaceuticals, adhesives and sealants, polymers, paint & coatings and Others. Major applications of process oil include rubber processing, paints & coatings, consumer products and polymers Europe holds a good market share and provides good growth. By application, the rubber processing segment is expected to account for the largest value share in the global process oil market by 2017 end. The second highest share is held by the paint & coatings segment. The rubber processing segment is expected to remain prominent in terms of consumption of process oils over the forecast period.
Regional Analysis and Forecast- The Global Process Oil Market
The region segment include five regions such as Latin America, North America, APAC, MEA and Europe. The APAC regions such as India, Korea, China, and Japan will contribute the largest volume and is anticipated to develop during the forecast period. Europe holds a good market share and provides good growth potential, followed by North America. North America alone grabs around 60% market share, while Eastern Europe takes 23% revenue share of the global process oil market. North America region has the abundant supply of the naphthenic process oil. The growing strategy of mergers and partnerships is the key trend for the growth of the global market for process oil in North America region. MEA and Latin America will collectively exhibit moderate growth over the projected period. Growing demand for better quality process oil is one of the significant trend found in the process oil market of Latin America.
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