The global intermediate base oil market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of this market is driven by the increasing demand for lubricants and solvents in various industries such as automotive, construction, and manufacturing among others. The demand for lubricating oils is expected to increase due to the growing number of vehicles on roads globally and increasing industrialization across regions such as Asia Pacific and Latin America.
The standard oil segment accounted for over 50% share of the global intermediate base oil market in 2018 owing to its high performance properties such as low viscosity index (VI) which makes it suitable for use in various applications including kerosene, diesel, solvent oil, lubricating oils among others. Nonstandard oils are also gaining traction due to their lower cost compared with standard oils which make them suitable for use in low-end applications such as commodity paraffin or solvents used in paints or varnishes among others.
Some Of The Growth Factors Of This Market:
- The base oil market in North America has been witnessing an increase in demand due to increased production capacity for shale gas-based ethane crackers that are used as feedstock for base oils production, as well as increased use of natural gas liquids (NGLs) as feedstock for petrochemical plants that produce base oils such as polyalphaolefins (PAOs).
- Base oil prices have been declining since 2014 due to oversupply caused by high crude oil prices and low refining margins, which has led many producers to reduce their output levels or shut down operations altogether; this trend will continue until 2020 when supply-demand balance will be restored with the decline in crude oil prices and increase in refining margins after 2020 .
Industry Growth Insights published a new data on “Intermediate Base Oil Market”. The research report is titled “Intermediate Base Oil Market research by Types (Standard Oil, Nonstandard Oil), By Applications (Kerosene, Diesel, Solvent Oil, Lubricating Oil, Commodity Paraffin, Other), By Players/Companies Saudi Aramco, Gazprom, National Iranian, ExxonMobil, PetroChina, BP, Shell, Pemex, Chevron, Kuwait Petroleum Corp., Daqing, Shengli”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Intermediate Base Oil Market Research Report
By Type
Standard Oil, Nonstandard Oil
By Application
Kerosene, Diesel, Solvent Oil, Lubricating Oil, Commodity Paraffin, Other
By Companies
Saudi Aramco, Gazprom, National Iranian, ExxonMobil, PetroChina, BP, Shell, Pemex, Chevron, Kuwait Petroleum Corp., Daqing, Shengli
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Intermediate Base Oil Market Report Segments:
The global Intermediate Base Oil market is segmented on the basis of:
Types
Standard Oil, Nonstandard Oil
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, Other
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 Corp.
- Daqing
- Shengli
Highlights of The Intermediate Base 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:
- Standard Oil
- Nonstandard Oil
- By Application:
- Kerosene
- Diesel
- Solvent Oil
- Lubricating Oil
- Commodity Paraffin
- Other
- 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 Intermediate Base 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.
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- Correctly Positioning New Products
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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?
Intermediate base oil is a type of oil that is used in many different types of products. It is a blend of various types of oils, including vegetable and mineral oils. Intermediate base oil can be used in products that require high heat resistance, such as engine lubricants and hydraulic fluids.
Some of the major players in the intermediate base oil market are Saudi Aramco, Gazprom, National Iranian, ExxonMobil, PetroChina, BP, Shell, Pemex, Chevron, Kuwait Petroleum Corp., Daqing, Shengli.
The intermediate base oil market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intermediate Base Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Intermediate Base Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Intermediate Base Oil Market - Supply Chain
4.5. Global Intermediate Base Oil Market Forecast
4.5.1. Intermediate Base Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Intermediate Base Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Intermediate Base Oil Market Absolute $ Opportunity
5. Global Intermediate Base Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Intermediate Base Oil Market Size and Volume Forecast by Type
5.3.1. Standard Oil
5.3.2. Nonstandard Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Intermediate Base Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Intermediate Base Oil Market Size and Volume Forecast by Application
6.3.1. Kerosene
6.3.2. Diesel
6.3.3. Solvent Oil
6.3.4. Lubricating Oil
6.3.5. Commodity Paraffin
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Intermediate Base Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Intermediate Base Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Intermediate Base Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Intermediate Base Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Intermediate Base Oil Demand Share Forecast, 2019-2026
9. North America Intermediate Base Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Intermediate Base Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Intermediate Base Oil Market Size and Volume Forecast by Application
9.4.1. Kerosene
9.4.2. Diesel
9.4.3. Solvent Oil
9.4.4. Lubricating Oil
9.4.5. Commodity Paraffin
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Intermediate Base Oil Market Size and Volume Forecast by Type
9.7.1. Standard Oil
9.7.2. Nonstandard Oil
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Intermediate Base Oil Demand Share Forecast, 2019-2026
10. Latin America Intermediate Base Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Intermediate Base Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Intermediate Base Oil Market Size and Volume Forecast by Application
10.4.1. Kerosene
10.4.2. Diesel
10.4.3. Solvent Oil
10.4.4. Lubricating Oil
10.4.5. Commodity Paraffin
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Intermediate Base Oil Market Size and Volume Forecast by Type
10.7.1. Standard Oil
10.7.2. Nonstandard Oil
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Intermediate Base Oil Demand Share Forecast, 2019-2026
11. Europe Intermediate Base Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Intermediate Base Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Intermediate Base Oil Market Size and Volume Forecast by Application
11.4.1. Kerosene
11.4.2. Diesel
11.4.3. Solvent Oil
11.4.4. Lubricating Oil
11.4.5. Commodity Paraffin
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Intermediate Base Oil Market Size and Volume Forecast by Type
11.7.1. Standard Oil
11.7.2. Nonstandard Oil
11.8. Bsis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Intermediate Base Oil Demand Share, 2019-2026
12. Asia Pacific Intermediate Base Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Intermediate Base Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Intermediate Base Oil Market Size and Volume Forecast by Application
12.4.1. Kerosene
12.4.2. Diesel
12.4.3. Solvent Oil
12.4.4. Lubricating Oil
12.4.5. Commodity Paraffin
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Intermediate Base Oil Market Size and Volume Forecast by Type
12.7.1. Standard Oil
12.7.2. Nonstandard Oil
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Intermediate Base Oil Demand Share, 2019-2026
13. Middle East & Africa Intermediate Base Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Intermediate Base Oil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Intermediate Base Oil Market Size and Volume Forecast by Application
13.4.1. Kerosene
13.4.2. Diesel
13.4.3. Solvent Oil
13.4.4. Lubricating Oil
13.4.5. Commodity Paraffin
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Intermediate Base Oil Market Size and Volume Forecast by Type
13.7.1. Standard Oil
13.7.2. Nonstandard Oil
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Intermediate Base Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Intermediate Base Oil Market: Market Share Analysis
14.2. Intermediate Base Oil Distributors and Customers
14.3. Intermediate Base Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Saudi Aramco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gazprom
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. National Iranian
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ExxonMobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PetroChina
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BP
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pemex
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chevron
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kuwait Petroleum Corp.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Daqing
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shengli
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
