The Base Oil Global Market Report 2021-31 by The Business Research Company describes and explains the global base oil market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Base Oil Global Market Report 2022 covers base oil market drivers, base oil market trends, base oil market segments, base oil market growth rate, base oil market major players, and base oil market size.
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The base oil market report provides in-depth analysis of the impact of COVID-19 on the global base oil industry along with revised market numbers due to the effects of the coronavirus and the expected base oil market growth numbers for 2022-2031.
The global base oil market size is expected to grow from $27.95 billion in 2021 to $30.85 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The base oil market share is expected to reach $37.77 billion in 2026 at a CAGR of 5.2%.
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Base Oil Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the base oil market segments-
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, Others
List Of Tables
Table 1: Global Historic Market Growth, 2016-2021, $ Billion
Table 2: Global Forecast Market Growth, 2021-2026F, 2030F, $ Billion
Table 3: Global Base Oil Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Table 4: Global Base Oil Market, Segmentation By Group, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Table 5: Global Base Oil Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
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Figure 46: Chevron Corporation Financial Performance
Figure 47: Exxon Mobil Corporation Financial Performance
Figure 48: Royal Dutch Shell Plc. Financial Performance
Figure 49: Ergon Inc. Financial Performance
Figure 50: Neste Oyj Financial Performance
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