(EMAILWIRE.COM, September 28, 2018 ) Leading Base Oil Market Players:
BP PLC,
Chevron Corporation, Ergon Inc.,
Evonik Industries AG, Exxon Mobil Corporation,
H&R Ölwerke Schindler GmbH,
Nynas AB,
Petronas Pvt. Ltd.,
Royal Dutch Shell PLC,
SK Lubricants Co. Ltd.,
and Total S.A.


According to Verified Market Intelligence, the global base oil market was valued at USD 37.65 Billion in 2017 and is projected to reach USD 40.53 Billion by 2025, growing at a CAGR of 0.9% from 2018 to 2025.

Base oil is the most commonly used lubricating oil. It can be isolated and refined from crude oil through different methods. On the basis of type, source and refining methods, the properties of the base oil are determined. It is classified into Group I, Group II, Group III, Group IV, and Group V on the basis of its different physical properties. It is used in the manufacturing of different products such as motor oil, lubricating oil, and metal processing fluids. Due to increasing demand for oil in automotive industries especially in emerging countries has led to the growth of the base oil market.

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Increase in industrial growth, growing demand for oil in the automotive sector and strict environmental regulations have been driving the global base oil market. While fluctuating base oil prices might hinder the overall growth at a global level.

The “Global Base oil Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BP PLC, Chevron Corporation, Ergon Inc., Evonik Industries AG, Exxon Mobil Corporation, H&R Ölwerke Schindler GmbH, Nynas AB, Petronas Pvt. Ltd., Royal Dutch Shell PLC, SK Lubricants Co. Ltd., and Total S.A. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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