Paraffinic crude oil is a common type of crude oil that is used in the production of base oil. The paraffinic base oil is represented in I, II, and III groups. It proffers high flash and high viscosity index as compared to other naphthenic base oils that have a lower pour point with better additive solvency. The solvent separation technique is used to produce paraffinic base oil. The paraffinic base oil market has excellent thermal and oxidative stability..
MARKET DYNAMICS
The use of paraffinic base oil in the manyfacturing of industrial oil, maritime lubricants and lubricating greases, drives the growth of paraffinic base oil market. Besides this, growth in automible business & logistics also drives market growth. However, fluctuating price of crude oil restricts the amrket for paraffinic base oil market. An upsurge in the use of commodity paraffin in pathology laboratory and numerous industrial appluications is expected to boost the demand for paraffinic base oil market in the near future.
MARKET SCOPE
The "Global Paraffinic Base Oil Market Analysis to 2028" is a specialized and in-depth study of the chemical & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the paraffinic base oil market with detailed market segmentation by type, application and geography. The global paraffinic base oil is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading paraffinic base oil players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global paraffinic base oil is segmented on the basis of type and application. On the basis of type the paraffinic base oil is segmented into semi refined paraffin wax oil, fully refined paraffin wax oil and others. As per application the market is bifurcated into kerosene, diesel, lubricating oil, commodity paraffin and 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 paraffinic base oil based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The paraffinic 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 paraffinic 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 paraffinic base oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the paraffinic base oil 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 payers from paraffinic base oil are anticipated to lucrative growth opportunities in the future with the rising demand for paraffinic base oil in the global market. Below mentioned is the list of few companies engaged in the paraffinic base oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the paraffinic 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.
- Chevron Corporation
- Columbia Petro Chem Pvt. Ltd.
- Gandhar Oil Refinery India Limited
- Panama Petrochem Ltd.
- PetroChina Company Limited
- Raha Group
- Royal Dutch Shell PLC
- Tejashvi Pharma Chem
- Venlub Petro Products Private Limited
- Zista Group