The naphthenic base oil is a hydro-treated group V base oil found through condensation of sweet crude. Naphthenic base oil possess low pour point, excellent swell properties, and low wax content. Naphthenic base oils also offer better low-temperature performance than paraffinic oils, that makes them ideal for formulating automatic transmission fluids and hydraulic fluids. Naphthenic oils respond well to additives and antioxidants owing to high solvency power.
MARKET DYNAMICS
The global naphthenic base oil market is intensifying moderately over the recent years, and going frontward it is expected to progress this way. The market growth of the naphthenic base oil is mainly attributed to the promising physical properties of naphthenic base oil which makes it ideal for numerous formulations such as for process oil, gear oil, adhesives & sealants, plasticizers and oil expender polymers. These end products are further used in numerous end-use industries such as industrial and automotive applications.
MARKET SCOPE
The "Global Naphthenic Base Oil Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the naphthenic base oil with detailed market segmentation by type, application. The global naphthenic base oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading naphthenic base oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global naphthenic base oil market is segmented on the basis of type into 35-60 SUS, 80-130 SUS, 200-300 SUS, 400-800 SUS, above 1200 SUS. On the basis of application the naphthenic base oil market is segmented into metal working, process oil, electrical oil, industrial lubes & grease, rubber oil, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global naphthenic base oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The naphthenic base oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the naphthenic base oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the naphthenic base oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the naphthenic base oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from naphthenic base oil market are anticipated to lucrative growth opportunities in the future with the rising demand for naphthenic base oil in the global market. Below mentioned is the list of few companies engaged in the naphthenic base oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the naphthenic base oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Nynas
- Royal Dutch Shell
- Calumet Specialty Products Partners, L.P.
- Ergon, Inc.
- Kowa India Pvt.Ltd
- Eastern Petroleum
- Petrobras
- Lubricon Industries
- Rahaoil, Inc
- Indo Petro Chemical