Market Overview:
The global environmentally aromatic oil market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for environmentally friendly products and the growing awareness about the benefits of using environmentally aromatic oils. The global environmentally aromatic oil market by type is segmented into TDAE, RAE, and others. The TDAE segment is expected to dominate the global market in terms of revenue share during the forecast period owing to its superior properties such as low volatility, high flash point, and good solvency power. The RAE segment is projected to grow at a higher CAGR than other types during the forecast period due its excellent thermal stability and resistance against oxidation. The global environmentally aromatic oil market by application is divided into tyre and non-tyre rubber products segments. The tyre segment dominates this market with a larger share in terms of revenue contribution as compared to non-tyre rubber products segment during 2018–2030 period because tyres are used across all major vehicle segments including passenger cars, commercial vehicles, two wheelers etc.
Product Definition:
An environmentally aromatic oil is a substance that emits an odor. These oils are often used as fragrances, and they can also be used to mask unpleasant smells. Environmentally aromatic oils are important because they can make people feel more comfortable in their surroundings, and they can also help to improve the air quality.
TDAE:
TDAE (Tetrahydrofuran) is a colorless and highly flammable organic liquid. It has a strong odor similar to that of garlic or rotten eggs. TDAE is soluble in diethyl ether, ethanol, water and most organic solvents. However, it is insoluble in mineral acids and alkali metal salts.
RAE:
RAE (Rising Angel Extract) is a natural phenolic compound found in high quantities in the essential oil of rosemary, clove, and other herbs. It is extracted from plant materials during the process of steam distillation or hydrosolvent extraction.
Application Insights:
The non-tyre rubber products segment accounted for the largest revenue share of over 40% in 2017. Non-tyre applications include industrial lubricants, engine oils, greases and other similar formulations. The growth of these end-use industries is projected to augment the demand for EEOs during the forecast period.
The global consumption of EEOs in industrial lubricant applications was valued at USD 1,818.5 thousand in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to its properties that enhance performance while reducing friction and wear on moving parts as well as providing extended oil change intervals with minimal maintenance requirements when compared with conventional mineral based oils used in industry today.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region comprises of major countries such as China, India, Japan, South Korea and Indonesia. Increasing automobile production in these countries coupled with growing consumer spending on home furnishing products is anticipated to drive product demand over the forecast period.
The increasing population along with rising living standards have spurred consumer goods demand across Asia Pacific which has led to an increased consumption of TDAE oils across various applications including food & beverage and industrial lubricants. In addition, rapidly expanding manufacturing sector in this region owing to low-cost labor availability is projected to further fuel regional EEO market growth over the next eight years.
Growth Factors:
- Increasing demand for environmentally friendly products: The global market for environmentally friendly products is expected to grow at a CAGR of more than 9% from 2016 to 2020. This growth can be attributed to the increasing awareness among consumers about the benefits of using environment-friendly products.
- Stringent environmental regulations: Governments across the world are implementing stringent environmental regulations, which is driving the demand for environment-friendly products, including aromatherapy oils. For instance, in October 2015, the US Environmental Protection Agency (EPA) announced new rules limiting emissions of volatile organic compounds (VOCs) from paints and coatings. These rules are expected to drive the demand for low- and zero-VOC paints and coatings in North America over the next few years.
- Rising popularity of aromatherapy: Aromatherapy is gaining popularity as a method of relaxation and stress relief among consumers worldwide. This is driving demand for aromatherapy oils, which are used in various applications such as massage therapy, spa treatments, home care, and foodservice establishments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Environmentally Aromatic Oil Market Research Report
By Type
TDAE, RAE, Others
By Application
Tyre, Non-Tyre Rubber Products
By Companies
H&R Group, Orgkhim Biochemical Holdings, Total, Repsol, CPC Corporation, IRPC, Shell, CNOOC, Shandong Tianyuan Chemical Co. Ltd, Suzhou Jiutai Group, H&R Group, ATDM, Hindustan Petroleum Corporation Limited, Nippon Oil Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Environmentally Aromatic Oil Market Report Segments:
The global Environmentally Aromatic Oil market is segmented on the basis of:
Types
TDAE, RAE, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tyre, Non-Tyre Rubber Products
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- H&R Group
- Orgkhim Biochemical Holdings
- Total
- Repsol
- CPC Corporation
- IRPC
- Shell
- CNOOC
- Shandong Tianyuan Chemical Co. Ltd
- Suzhou Jiutai Group
- H&R Group
- ATDM
- Hindustan Petroleum Corporation Limited
- Nippon Oil Corporation
Highlights of The Environmentally Aromatic Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- TDAE
- RAE
- Others
- By Application:
- Tyre
- Non-Tyre Rubber Products
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Environmentally Aromatic Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Environmentally aromatic oil is a type of vegetable oil that has been processed to remove harmful chemicals and pollutants. These oils are often used in natural beauty products because they have a pleasant smell and are gentle on the skin.
Some of the major players in the environmentally aromatic oil market are H&R Group, Orgkhim Biochemical Holdings, Total, Repsol, CPC Corporation, IRPC, Shell, CNOOC, Shandong Tianyuan Chemical Co. Ltd, Suzhou Jiutai Group, H&R Group, ATDM, Hindustan Petroleum Corporation Limited, Nippon Oil Corporation.
The environmentally aromatic oil market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Environmentally Aromatic Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Environmentally Aromatic Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Environmentally Aromatic Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Environmentally Aromatic Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Environmentally Aromatic Oil Market Size & Forecast, 2018-2028
4.5.1 Environmentally Aromatic Oil Market Size and Y-o-Y Growth
4.5.2 Environmentally Aromatic Oil Market Absolute $ Opportunity
Chapter 5 Global Environmentally Aromatic Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Environmentally Aromatic Oil Market Size Forecast by Type
5.2.1 TDAE
5.2.2 RAE
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Environmentally Aromatic Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Environmentally Aromatic Oil Market Size Forecast by Applications
6.2.1 Tyre
6.2.2 Non-Tyre Rubber Products
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Environmentally Aromatic Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Environmentally Aromatic Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Environmentally Aromatic Oil Analysis and Forecast
9.1 Introduction
9.2 North America Environmentally Aromatic Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Environmentally Aromatic Oil Market Size Forecast by Type
9.6.1 TDAE
9.6.2 RAE
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Environmentally Aromatic Oil Market Size Forecast by Applications
9.10.1 Tyre
9.10.2 Non-Tyre Rubber Products
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Environmentally Aromatic Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Environmentally Aromatic Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Environmentally Aromatic Oil Market Size Forecast by Type
10.6.1 TDAE
10.6.2 RAE
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Environmentally Aromatic Oil Market Size Forecast by Applications
10.10.1 Tyre
10.10.2 Non-Tyre Rubber Products
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Environmentally Aromatic Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Environmentally Aromatic Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Environmentally Aromatic Oil Market Size Forecast by Type
11.6.1 TDAE
11.6.2 RAE
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Environmentally Aromatic Oil Market Size Forecast by Applications
11.10.1 Tyre
11.10.2 Non-Tyre Rubber Products
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Environmentally Aromatic Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Environmentally Aromatic Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Environmentally Aromatic Oil Market Size Forecast by Type
12.6.1 TDAE
12.6.2 RAE
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Environmentally Aromatic Oil Market Size Forecast by Applications
12.10.1 Tyre
12.10.2 Non-Tyre Rubber Products
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Environmentally Aromatic Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Environmentally Aromatic Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Environmentally Aromatic Oil Market Size Forecast by Type
13.6.1 TDAE
13.6.2 RAE
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Environmentally Aromatic Oil Market Size Forecast by Applications
13.10.1 Tyre
13.10.2 Non-Tyre Rubber Products
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Environmentally Aromatic Oil Market: Competitive Dashboard
14.2 Global Environmentally Aromatic Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 H&R Group
14.3.2 Orgkhim Biochemical Holdings
14.3.3 Total
14.3.4 Repsol
14.3.5 CPC Corporation
14.3.6 IRPC
14.3.7 Shell
14.3.8 CNOOC
14.3.9 Shandong Tianyuan Chemical Co. Ltd
14.3.10 Suzhou Jiutai Group
14.3.11 H&R Group
14.3.12 ATDM
14.3.13 Hindustan Petroleum Corporation Limited
14.3.14 Nippon Oil Corporation
