Market Overview:
The global paraffin base crude oil market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for paraffin base crude oil from various applications such as kerosene, diesel, solvent oil, lubricating oil and commodity paraffin. In addition, the growing demand for paraffin base crude oil from emerging economies in Asia Pacific and Latin America is expected to fuel the market growth over the forecast period. However, volatility in prices of raw materials may restrain the market growth over the forecast period. On basis of type, sulfur:below 0.5% segment accounted for major share of global Paraffin Base Crude Oil Market in 2017 and is projected to maintain its dominance throughout the forecast period. This can be attributed to high quality properties offered by these products as compared with other types available in market Such as Sulfur:0.5%-2%.0%and others segments which are anticipated witness highest CAGR over 2018-2030 owing rising application potential across various industries including automotive & transportation sector . On basis of application , kerosene segment accounted for major shareof global Paraffin Base Crude Oil Market followed by diesel segment In 2017 And Isprojected To Maintain Its Dominance Throughout The Forecast Period .
Product Definition:
A type of crude oil that has a high paraffin content. Paraffin base crude oil is important because it is a major source of fuel and lubricants.
Sulfur:Below 0.5%:
Sulfur is an organic compound with a characteristic pungent smell. It's a yellow crystalline solid, which is widely found in mines and oil fields. Sulfur has the highest boiling point of any element, but it's difficult to extract because it forms sulfide minerals when exposed to air. Owing to this property, sulfur is used as a raw material for the production of various chemicals such as fertilizers, insecticides, and pharmaceutical drugs among others.
Sulfur:0.5%-2.0%:
Sulfur is an organic compound, which is pale yellow in color with a strong odor. It has a crystalline structure and usually found in nature as sulfide ores such as gypsum, atyraesium, and chalcedony. Sulfur can be produced by the thermal decomposition of sulfuric acid or by the oxidation of coal mines.
Application Insights:
Kerosene was the largest application segment and accounted for over 60.0% of global volume in 2017. The product is widely used as a fuel additive in kerosene-fueled heaters, lamps, cookware, and other appliances to improve efficiency and reduce emissions. Rising awareness regarding energy conservation among consumers across the globe is expected to have a positive impact on market growth over the forecast period.
Diesel emerged as the second-largest segment owing to increasing demand from construction equipment manufacturers around the world. Increasing urbanization along with rising disposable income has resulted in an increased demand for diesel generators across developing countries such as China India Japan Brazil etcetera which are likely to drive industry growth over next seven years or so ¢â‚¬Å“ until 2030 ¢â‚¬ Latin America Petroleum Journal (Lapej).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing demand for kerosene and diesel in various applications. China, India, Japan, South Korea and Taiwan are the major consumers of paraffin base crude oil in this region. Asia Pacific was followed by Europe which accounted for 24% of global market share in terms of volume consumed in 2017 on account high consumption levels coupled solvent & lubricant industry growth especially automotive sector growth over past few years.
Growth Factors:
- Increasing demand from end-use industries such as transportation, construction, and manufacturing
- Rising investment in the oil and gas sector
- Growing population and rapid urbanization in developing countries
- Proliferation of new technologies that can help reduce emissions from vehicles and equipment running on diesel fuel
- Stringent environmental regulations to promote the use of cleaner fuels
Scope Of The Report
Report Attributes
Report Details
Report Title
Paraffin Base Crude Oil Market Research Report
By Type
Sulfur:Below 0.5%, Sulfur:0.5%-2.0%, Others
By Application
Kerosene, Diesel, Solvent Oil, Lubricating Oil, Commodity Paraffin, Others
By Companies
Saudi Aramco, Gazprom, National Iranian, ExxonMobil, PetroChina, BP, Shell, Pemex, Chevron, Kuwait Petroleum, Saudi Aramco
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Paraffin Base Crude Oil Market Report Segments:
The global Paraffin Base Crude Oil market is segmented on the basis of:
Types
Sulfur:Below 0.5%, Sulfur:0.5%-2.0%, 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
Kerosene, Diesel, Solvent Oil, Lubricating Oil, Commodity Paraffin, Others
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:
- Saudi Aramco
- Gazprom
- National Iranian
- ExxonMobil
- PetroChina
- BP
- Shell
- Pemex
- Chevron
- Kuwait Petroleum
- Saudi Aramco
Highlights of The Paraffin Base Crude 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:
- Sulfur:Below 0.5%
- Sulfur:0.5%-2.0%
- Others
- By Application:
- Kerosene
- Diesel
- Solvent Oil
- Lubricating Oil
- Commodity Paraffin
- Others
- 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 Paraffin Base Crude 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Paraffin base crude oil is a light, waxy oil that is extracted from petroleum. It has a low viscosity and high thermal stability, making it ideal for use in lubricants and other industrial applications.
Some of the key players operating in the paraffin base crude oil market are Saudi Aramco, Gazprom, National Iranian, ExxonMobil, PetroChina, BP, Shell, Pemex, Chevron, Kuwait Petroleum, Saudi Aramco.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Paraffin Base Crude 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 Paraffin Base Crude Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Paraffin Base Crude 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 Paraffin Base Crude 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 Paraffin Base Crude Oil Market Size & Forecast, 2018-2028
4.5.1 Paraffin Base Crude Oil Market Size and Y-o-Y Growth
4.5.2 Paraffin Base Crude Oil Market Absolute $ Opportunity
Chapter 5 Global Paraffin Base Crude 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 Paraffin Base Crude Oil Market Size Forecast by Type
5.2.1 Sulfur:Below 0.5%
5.2.2 Sulfur:0.5%-2.0%
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Paraffin Base Crude 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 Paraffin Base Crude Oil Market Size Forecast by Applications
6.2.1 Kerosene
6.2.2 Diesel
6.2.3 Solvent Oil
6.2.4 Lubricating Oil
6.2.5 Commodity Paraffin
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Paraffin Base Crude 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 Paraffin Base Crude 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 Paraffin Base Crude Oil Analysis and Forecast
9.1 Introduction
9.2 North America Paraffin Base Crude 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 Paraffin Base Crude Oil Market Size Forecast by Type
9.6.1 Sulfur:Below 0.5%
9.6.2 Sulfur:0.5%-2.0%
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 Paraffin Base Crude Oil Market Size Forecast by Applications
9.10.1 Kerosene
9.10.2 Diesel
9.10.3 Solvent Oil
9.10.4 Lubricating Oil
9.10.5 Commodity Paraffin
9.10.6 Others
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 Paraffin Base Crude Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Paraffin Base Crude 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 Paraffin Base Crude Oil Market Size Forecast by Type
10.6.1 Sulfur:Below 0.5%
10.6.2 Sulfur:0.5%-2.0%
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 Paraffin Base Crude Oil Market Size Forecast by Applications
10.10.1 Kerosene
10.10.2 Diesel
10.10.3 Solvent Oil
10.10.4 Lubricating Oil
10.10.5 Commodity Paraffin
10.10.6 Others
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 Paraffin Base Crude Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Paraffin Base Crude 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 Paraffin Base Crude Oil Market Size Forecast by Type
11.6.1 Sulfur:Below 0.5%
11.6.2 Sulfur:0.5%-2.0%
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 Paraffin Base Crude Oil Market Size Forecast by Applications
11.10.1 Kerosene
11.10.2 Diesel
11.10.3 Solvent Oil
11.10.4 Lubricating Oil
11.10.5 Commodity Paraffin
11.10.6 Others
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 Paraffin Base Crude Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Paraffin Base Crude 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 Paraffin Base Crude Oil Market Size Forecast by Type
12.6.1 Sulfur:Below 0.5%
12.6.2 Sulfur:0.5%-2.0%
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 Paraffin Base Crude Oil Market Size Forecast by Applications
12.10.1 Kerosene
12.10.2 Diesel
12.10.3 Solvent Oil
12.10.4 Lubricating Oil
12.10.5 Commodity Paraffin
12.10.6 Others
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) Paraffin Base Crude Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Paraffin Base Crude 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) Paraffin Base Crude Oil Market Size Forecast by Type
13.6.1 Sulfur:Below 0.5%
13.6.2 Sulfur:0.5%-2.0%
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) Paraffin Base Crude Oil Market Size Forecast by Applications
13.10.1 Kerosene
13.10.2 Diesel
13.10.3 Solvent Oil
13.10.4 Lubricating Oil
13.10.5 Commodity Paraffin
13.10.6 Others
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 Paraffin Base Crude Oil Market: Competitive Dashboard
14.2 Global Paraffin Base Crude Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saudi Aramco
14.3.2 Gazprom
14.3.3 National Iranian
14.3.4 ExxonMobil
14.3.5 PetroChina
14.3.6 BP
14.3.7 Shell
14.3.8 Pemex
14.3.9 Chevron
14.3.10 Kuwait Petroleum
14.3.11 Saudi Aramco
