The Business Research Company’s Rubber Process 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 Rubber Process Oil Global Market Report 2023 evaluates rubber process 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 rubber process oil market size is expected to grow from $1.95 billion in 2022 to $2.06 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. 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 rubber process oil market size is expected to grow to $2.45 billion in 2027 at a CAGR of 4.4%.
Increased consumption of rubber process oils in manufacturing tires is significantly contributing to the growth of the rubber process oil market. Rubber process oils are used in manufacturing automotive tires and tubes, bicycle tires, tire retreading materials, and others. The growing number of automobiles around the globe has contributed to an overall increase in tire demand, resulting in the growth of the rubber processing oil market. For instance, according to the 2022 Society of Indian Automobile Manufacturers (SIAM) report, between April 2021 and March 2022, passenger vehicle sales climbed from 404,397 to 577,875 units, while commercial vehicle sales increased from 50,334 to 92,297 units, three-wheeler sales increased from 393,001 to 499,730 units. Two-wheeler sales increased from 3,282,786 to 4,443,018 units. Therefore, increased consumption of rubber process oils in the manufacturing of tires has increased the demand for automobiles, which is expected to drive the growth of the rubber process oils market going forward.
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The rubber process oil market segments in the report are:
1) By Type: Aromatic, Paraffinic, Napthenic, Mild Extracted Solvent (MES), Residual Aromatic Extracted Solvent (RAE), Treated Distillate Aromatic Extracted Solvent (TDAE)
2) By Application: Rubber Processing, Adhesives And Sealants, Polymer, Consumer Products, Paints And Coatings
3) By End User: Automotive, Construction, Gas And Oil
The table of contents in TBRC’s rubber process oil market report includes:
1. Executive Summary
2. Rubber Process Oil Market Characteristics
3. Rubber Process Oil Market Trends And Strategies
4. Rubber Process Oil Market – Macro Economic Scenario
5. Rubber Process Oil Market Size And Growth
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26. Africa Rubber Process Oil Market
27. Rubber Process Oil Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rubber Process Oil Market
29. Rubber Process Oil Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
Royal Dutch Shell PLC
Chevron Corporation
Petronas Lubricants Belgium NV
Nynas AB
ORGKHIM Biochemical Holding
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