Increase in demand for Processing oils in the rubbers & polymers applications.
The global Processing Oil Market is forecast to reach USD 6.25 Billion by 2026, according to a new report by Reports and Data. Processing oils are special types of formulated oils which are used in a wide variety of applications either as a raw material component which crucially helps in the final formulation of certain blends or as an additive of the manufacturing like lubricants, maximizing productivity and Processing efficiency while minimizing emissions. These oils play crucial roles in manufacturing the final products or are in the manufacturing operations. The Processing oils are mainly of two types; namely, petrochemical based and bio-based Processing oils. Based on the physical arrangement of carbon atoms and their respective properties, the petrochemical based oils are subdivided into three parts; such as, Naphthenic, Paraffinic and Aromatic compounds.
The Asia Pacific region is forecasted to generate the highest revenue of USD 2.34 Billion in the year 2026, owing to its extensive market penetration due to the rise in the automotive tire industry coupled with the proliferation of the metal-working industries in India, and China.
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Top Companies: Indian Oil Corporation Limited, ExxonMobil, Hindustan Petroleum Corporation Limited, Royal Dutch Shell PLC, Nynas AB, Behran Oil Company, HollyFrontier Refining & Marketing LLC, Gulf Petroleum Limited, Panama Petrochem Ltd., and Idemitsu Kosan Co., Ltd.
Key Companies Profiled in the Report:
Metalworking industries had a market revenue of USD 0.78 in the 2018 and is expected to grow at a CAGR of 4.2% during the forecast period. Metalworking industries include metal removal, metal surface treatments, metal cutting, and metal shaping, sustaining the rust prevention for their metals. These sort of applications include require huge amount of pure and high performance based Processing oils. These oils are very low fogging and less volatile.
Defoaming additives are used to minimize the foam formation and potential emission of volatile organic compounds. The formulations function as a carrier fluid and spreads over the surfaces of the system to neutralize the surfactants. The defoaming additives is forecasted to have a market share of 8.1% by 2026.
The paraffinic segment will achieve a market share of 21.8% by 2026 growing at a CAGR of 2.8% in the forecast period. These type of Processing oils are low staining, elastomer compatible and low volatile also.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/Processing-oil-market
Market Segmentation:
Type Outlook (Revenue, USD Billion; 2016-2026)
- Naphthenic
- Paraffinic
- Aromatic
- Bio-Based
Formulation Outlook (Revenue, USD Billion; 2016-2026)
- Conventional
- Next Generation
Applications Outlook (Revenue, USD Billion; 2016-2026)
- Metalworking Industries
- Personal Care Products
- Defoaming Additives
- Textile & Fabrics
- Cables Covering & Adhesives
- Rubbers & Polymers
- Printing Inks
- Others
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Processing Oil Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Processing Oil Marke tsize
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Processing Oil Market key players
3.2 Global Processing Oil Market size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Processing Oil Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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