Global Base Oil Market is Expected Rise at a CAGR of 1.

4% from 2014-2021 by
Market Research Engine
Market Research Engine has published a new report titled as Global Base Oil Market
Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 2021.
Global Base Oil market stood nearly at 36,614.3 kilo tons in 2014 and is projected
to reach 39,614.7 kilo tons by 2021, expanding at a CAGR of 1.4% between 2014
and 2021.
Browse full report here http://marketresearchengine.com/reportdetails/globalbase-oil-market-research-report

Base oils are heavy hydrocarbons of refined crude oil. It is important in the production of its
derivative oil products such as motor oil, metal processing fluids and lubricating greases.
Chemical additives are auxiliary to these end products quality requirement. Base oils are
classified based on its refining method and properties into Group I to Group V. Group I
comprise of conventional paraffinic base oils. Groups II and III include pure paraffinic base
oils owing to advanced technology. Group IV contains of synthetic oils, whereas Group V
comprises naphthenic oils and others.
Group I base oils are the leading product that are further segmented into SN150, BS150,
SN500, and others. Group II base oils include 150N, 500N, 600N, and others. Group III
baseoils are bifurcated into 2cSt, 4cSt, 6cSt, and 8cSt. Group IV and Group V base oils are
included in others. Global base oils market finds applications in automotive oils, industrial
oils, process oils, metalworking fluids, hydraulic oils, and others including greases.
Automotive oils are the major application segment in terms of demand in the global base oil
market.

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Owing to quality Group I base oils are been dominated by Group II and Group III base oils.
Leading companies in the global base oil market are ExxonMobil Corporation, BP plc,
Chevron Corporation, GS Caltex Corporation, MOGoil GmbH, Phillips 66 Company,
PetroChina Company Ltd., Royal Dutch Shell plc, SK Lubricants Co. Ltd., Sinopec
Corporation, and S-Oil Corporation.
Market Research Engine is involved in providing research reports and company profiles in
the global base oil market in terms of revenue and output/volume. Market drivers,
opportunities and restraints are thoroughly studied which influences the market. This study
is further utilized for the overall analysis of the market. The base oil market is segmented
based on the global applications, geographic presence, by products and ingredients. We
offer an inclusive category-specific market outlook. We provide access to a comprehensive
collection of companies in the industry. The companies can strategize and execute business
operations through our competitor analysis. Find the global industry analysis, market size,
share, growth, and trends information in our base oil profiles.
SEGMENTATION'S IN REPORT:
Base Oil by Products:
1.

2.

3.

4.

Group I Base Oil

SN150
BS150
SN500
Others
Group II Base Oil
150N
500N
600N
Others
Group III Base Oil
2cSt
4cSt
6cSt
8cSt
Other Base Oil

Base Oil by Applications:

Automotive Oils
Industrial Oils
Process Oils
Metalworking Fluids
Hydraulic Oils

Base Oil by Geography:

Asia Pacific
North America
Europe
Latin America
Middle East and Africa

GLOSSARY:
Base Oil: Base oils are heavy hydrocarbons of refined crude oil.
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