The Business Research Company’s Base Oil Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Base Oil Global Market Report 2023 evaluates base oil market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global base oil market size will grow from $29.07 billion in 2022 to $29.75 billion in 2023 at a compound annual growth rate (CAGR) of 2.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The base oil market size is expected to grow to $35.24 billion in 2027 at a CAGR of 4.3%.
The base oil market segments in the report are:
1) By Type: Mineral, Synthetic, Bio-Based
2) By Group: Group I, Group II, Group III, Group IV, Group V
3) By Application: Automotive Oil, Industrial Oil, Metalworking Fluid, Greases, Hydraulic Oil, Other Applications
Top Key players
- Exxon Mobil Corporation
- Royal Dutch Shell PLC.
- Ergon Inc.
- Neste Oyj
- Nynas AB
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The table of contents in TBRC’s base oil market report includes:
- Executive Summary
- Base Oil Market Characteristics
- Base Oil Market Trends And Strategies
- Base Oil Market – Macro Economic Scenario
- Base Oil Market Size And Growth
.
- Base Oil Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Base Oil Market
- Base Oil Market Future Outlook and Potential Analysis
- Appendix
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