Naphthenic Base Oil Market
Naphthenic Base Oil Market Analysis By Viscosity Index (35-60 SUS, 80-130 SUS, 400-800 SUS & Above 800 SUS Naphthenic Base Oil) By Application (Process Oils, Electrical Oils & Lubricants & Greases) By Region – Global Market Report 2022 to 2031
Analysis of Naphthenic Base Oil market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Naphthenic Base Oil Market Overview (2022-2031)
The global naphthenic base oil market size was valued at US$ 2.55 Billion in 2022, and is estimated to reach US$ 3.60 Billion by 2031, with a projected compound annual growth rate (CAGR) of 3.9% during the forecast period from 2022 to 2031.
Process oils are anticipated to account for a major part of naphthenic base oil market share across the forecast period. Increasing demand for automotive lubricants from the growing automotive industry is expected to boost shipments of naphthenic base oils over the years to come.
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Report Attributes |
Details |
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Naphthenic Base Oil Market Size (2022) |
US$ 2.55 Billion |
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Projected Year Value (2031F) |
US$ 3.6 Billion |
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Global Naphthenic Base Oil Market Growth Rate (2022-2031) |
3.9% CAGR |
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Key Companies Profiled |
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Naphthenic Base Oil Consumption Analysis (2017-2021) in Comparison to Market Growth Forecasts (2022-2031)
Industrialization has been a prominent trend across the world and this has led to a substantial increase in demand for lubricating fluids that ensure the smooth operation of multiple industrial components and activities.
Increasing awareness about benefits of naphthenic base oil and the rising scope of application in multiple end-use industries will drive the naphthenic base oil market growth through 2031.
Naphthenic oil properties such as high solubility, low aromatic content, and low-temperature pour points are also expected to favor the naphthenic base oil market potential over the coming years. Increasing metalworking operations will propel the consumption of metalworking fluids. Naphthenic oil is classified as a group V base oil because it doesn’t satisfy API’s qualification for other groups.
Rising demand for synthetic fluids in multiple end-use industries, increasing demand for automotive lubricants, rising use of electrical oils due to the increasing number of electric vehicles, and increasing use of pale oil in the formulation of gear oils are other factors that influence naphthenic base oil market potential.
However, the availability of low-cost alternatives is anticipated to have a hampering effect on the global naphthenic base oil industry. From 2022 to 2031, naphthenic base oil shipments are projected to rise at a CAGR of 3.9%.
Which Industry is Driving High Demand for Naphthenic Base Oils?
“Increasing Demand for Automotive Lubricants to Drive Market Growth”
The automotive industry is undergoing major changes as demand for electric vehicles increases and conventional automotive manufacturing is being revolutionized. Rising demand for automotive lubricants such as lubricating fluids, gear oils, process oils are expected to drive demand for pale oils as they are majorly used to formulate the aforementioned products.
Increasing metalworking operations in the automotive industry is also expected to propel the consumption of metalworking fluids across the forecast period. Increasing sales of electric and hybrid vehicles are also expected to favor naphthenic base oil market potential through 2031.
Which Regional Market Leads the Naphthenic Base Oil Market?
“Asian Region Exhibits Highly Lucrative Revenue Opportunities”
Presence of high industrial activity in East Asia and South Asia regions is expected to majorly propel naphthenic base oil demand across the forecast period. Growing automotive industry, increasing investments in the industrial manufacturing sector, rising disposable income, and rising support from the government to bolster the industrial sector are major factors that influence naphthenic base oil consumption in these regions.
China, India, and Japan are anticipated to be the most rewarding markets for naphthenic base oils throughout the forecast period of 2022 – 2031.
Rising industrial activity in the European region is also expected to boost naphthenic base oil market potential over the coming years. The presence of a developed automotive industry in this region will drive demand for automotive lubricants.
Increasing popularity of electric vehicles and hybrid vehicles in this region will also drive the consumption of process oils, gear oils, and electrical oils. Germany is projected to emerge as a lucrative market in Europe for naphthenic base oils.
The market for pale oils in Latin America and the Middle East & Africa is also anticipated to account for a notable market share and is expected to provide a lucrative setting for naphthenic base oil manufacturers.
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Country-wise Insights
Why Should Naphthenic Base Oil Suppliers Keep an Eye Out for China?
“Presence of Robust Automotive Manufacturing Sector to Boost Naphthenic Base Oil Consumption”
China is the leading nation in automotive manufacturing and is known across the world for its robust industrial sector. Naphthenic-base oils are especially good lubricants for multiple industrial applications and hence they are expected to see high demand in China across the forecast period.
Increasing demand for vehicles will drive automotive manufacturing and subsequently also increase consumption of automotive lubricants such as gear oils, process oils, etc. This will in turn create new opportunities for naphthenic base oil suppliers in China through 2031.
Supportive government initiatives and rising investments in the industrial manufacturing sector will also further boost shipments of naphthenic base oils in China in the coming years.
Category-wise Insights
Will Demand for Electrical Oils Increase Over the Decade?
“Rising Popularity of Electric Vehicles to Boost Demand for Electric Oil Variants”
The automotive industry has been revolutionized as it shifted from creating IC engine-powered vehicles to electric vehicles. This led to some major changes in demand for multiple raw materials used in automotive manufacturing.
Electrical oils have been seeing an increase in demand in recent years as sales of electric vehicles rise. This segment is anticipated to see faster growth than other segments as the adoption of electric vehicles increases on a global scale.
Why is Consumption of Process Oils So High?
“Increasing Use of Process Oils in Tire Formulations”
Process oils account for a dominant market share and are anticipated to maintain this stance over the entire forecast period as well.
Increasing use of process oils to create greener tire compounds that offer properties like low rolling resistance and help in reducing carbon emissions is expected to majorly boost growth via this segment in the global naphthenic base oil industry landscape.
Did Demand for Naphthenic Base Oils See a Drop in 2020?
The pandemic of 2020 led to a downfall in the global naphthenic base oil market potential as multiple industry verticals ceased operations during the pandemic owing to the imposition of strict lockdowns. The lack of skilled workforce and raw materials further led to disruptions in the production of naphthenic base oils and hence the market experienced a negative growth trend.
Demand for pale oils is projected to expand at a steady pace in the post-pandemic era owing to the lifting of lockdown restrictions and resumption of industrial activities.
Rising demand from the automotive industry will be a major trend to watch out for in this post-pandemic world as naphthenic base oil suppliers deploy strategies to recover losses that were incurred in 2020 under restrictions.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape :
Naphthenic base oil suppliers are investing in research and development activities to create an effective product portfolios to maximize and optimize industrial processes where these oils are used.
Naphthenic base oil companies are also focusing on launching new products to maximize revenue.
- In 2020, Nynas AB, a renowned manufacturer of specialty naphthenic oils based in Sweden, announced the launch of NYTEX 8022, which will maximize performance in several process oil uses.
Key Segments Covered in Naphthenic Base Oil Industry Research
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Naphthenic Base Oil Market by Viscosity Index :
- 35-60 SUS Naphthenic Base Oil
- 80-130 SUS Naphthenic Base Oil
- 200-300 SUS Naphthenic Base Oil
- 400-800 SUS Naphthenic Base Oil
- Above 800 SUS Naphthenic Base Oil
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Naphthenic Base Oil Market by Application :
- Process Oils
- Electrical Oils
- Lubricants & Greases
- Metalworking Fluids
- Greases
- Others
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Naphthenic Base Oil Market by Region :
- North America Naphthenic Base Oil Market
- Latin America Naphthenic Base Oil Market
- Europe Naphthenic Base Oil Market
- East Asia Naphthenic Base Oil Market
- South Asia & Oceania Naphthenic Base Oil Market
- MEA Naphthenic Base Oil Market
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 2.3. Inclusions/Exclusions 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Viscosity Index modifications /Innovation 4. Key Success Factors 4.1. Strategic Developments 4.2. Key regulations 4.3. Viscosity Index USPs /Technology 4.4. List of manufacturers and providers 5. Market Background 5.1. Macro-Economic Factors 5.1.1. Global GDP outlook 5.1.2. Increasing R&D Expenditure 5.2. Forecast Factors - Relevance & Impact 5.2.1. New Viscosity Index launches 5.2.2. Cost of Viscosity Indexs 5.3. Market Dynamics 5.3.1. Drivers 5.3.2. Restraints 5.3.3. Opportunity Analysis 6. COVID19 Crisis Analysis 6.1.1. Current COVID19 Statistics and Probable Future Impact 6.1.2. Current GDP Projection and Probable Impact 6.1.3. Current Economic Projection as Compared to 2008 Economic analysis 6.1.4. COVID19 and Impact Analysis 6.1.4.1. Revenue By Viscosity Index 6.1.4.2. Revenue By Application 6.1.4.3. Revenue By Country 6.1.5. 2021 Market Scenario 6.1.6. Quarter by Quarter Forecast 6.1.7. Projected Recovery Quarter 7. Global Naphthenic Base Oil Market Volume (Units) Analysis 2017-2021 and Forecast, 2022-2031 7.1. Historical Market Volume (Units) Analysis, 2017-2021 7.2. Current and Future Market Volume (Units) Projections, 2022-2031 7.2.1. Y-o-Y Growth Trend Analysis 8. Global Naphthenic Base Oil Market - Pricing Analysis 8.1. Regional Pricing Analysis By Viscosity Index 8.2. Pricing Break-up 8.2.1. Manufacturer Level Pricing 8.2.2. Distributor Level Pricing 8.3. Global Average Pricing Analysis Benchmark 9. Global Naphthenic Base Oil Market Value Analysis 2017–2021 and Forecast, 2022-2031 9.1. Historical Market Value (US$ Mn) Analysis, 2017–2021 9.2. Current and Future Market Value (US$ Mn) Projections, 2022-2031 9.2.1. Y-o-Y Growth Trend Analysis 9.2.2. Absolute $ Opportunity Analysis 10. Global Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031, by Viscosity Index 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Viscosity Indexs & Services, 2017–2021 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Viscosity Index, 2022-2031 10.3.1. 35-60 SUS 10.3.2. 80-130 SUS 10.3.3. 200-300 SUS 10.3.4. 400-800 SUS 10.3.5. Above 800 SUS 10.4. Market Attractiveness Analysis By Viscosity Index 11. Global Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031, by Application 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By Application , 2017–2021 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application , 2022-2031 11.3.1. Process Oils 11.3.2. Electrical Oils 11.3.3. Lubricants & Greases (Metalworking Fluids, Greases, Others) 11.4. Market Attractiveness Analysis By Application 12. Global Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2017–2021 12.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022-2031 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 13.1. Introduction 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 13.3.1. By Country 13.3.1.1. U.S. 13.3.1.2. Canada 13.3.2. By Viscosity Index 13.3.3. By Application 13.4. Market Attractiveness Analysis 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. Latin America Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 14.1. Introduction 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Argentina 14.3.1.4. Rest of Latin America 14.3.2. By Viscosity Index 14.3.3. By Application 14.4. Market Attractiveness Analysis 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. Europe Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 15.1. Introduction 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. U.K. 15.3.1.5. Spain 15.3.1.6. Russia 15.3.1.7. Rest of Europe 15.3.2. By Viscosity Index 15.3.3. By Application 15.4. Market Attractiveness Analysis 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. South Asia Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 16.1. Introduction 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Indonesia 16.3.1.4. Malaysia 16.3.1.5. Rest of South Asia 16.3.2. By Viscosity Index 16.3.3. By Application 16.4. Market Attractiveness Analysis 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. East Asia Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 17.1. Introduction 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 17.3.1. By Country 17.3.1.1. China 17.3.1.2. Japan 17.3.1.3. South Korea 17.3.1.4. Rest of East Asia 17.3.2. By Viscosity Index 17.3.3. By Application 17.4. Market Attractiveness Analysis 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Oceania Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 18.1. Introduction 18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 18.3.1. By Country 18.3.1.1. Australia 18.3.1.2. New Zealand 18.3.2. By Viscosity Index 18.3.3. By Application 18.4. Market Attractiveness Analysis 18.5. Key Market Participants - Intensity Mapping 18.6. Drivers and Restraints - Impact Analysis 19. Middle East and Africa Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 19.1. Introduction 19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2031 19.3.1. By Country 19.3.1.1. GCC Countries 19.3.1.2. South Africa 19.3.1.3. Rest of Middle East and Africa 19.3.2. By Viscosity Index 19.3.3. By Application 19.4. Market Attractiveness Analysis 19.5. Drivers and Restraints - Impact Analysis 20. Key and Emerging Countries Naphthenic Base Oil Market Analysis 2017–2021 and Forecast 2022-2031 20.1. Introduction 20.1.1. Market Value Proportion Analysis, By Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. U.S. Naphthenic Base Oil Market Analysis 20.2.1. By Viscosity Index 20.2.2. By Application 20.3. Canada Naphthenic Base Oil Market Analysis 20.3.1. By Viscosity Index 20.3.2. By Application 20.4. Mexico Naphthenic Base Oil Market Analysis 20.4.1. By Viscosity Index 20.4.2. By Application 20.5. Brazil Naphthenic Base Oil Market Analysis 20.5.1. By Viscosity Index 20.5.2. By Application 20.6. U.K. Naphthenic Base Oil Market Analysis 20.6.1. By Viscosity Index 20.6.2. By Application 20.7. Germany Naphthenic Base Oil Market Analysis 20.7.1. By Viscosity Index 20.7.2. By Application 20.8. France Naphthenic Base Oil Market Analysis 20.8.1. By Viscosity Index 20.8.2. By Application 20.9. Italy Naphthenic Base Oil Market Analysis 20.9.1. By Viscosity Index 20.9.2. By Application 20.10. Spain Naphthenic Base Oil Market Analysis 20.10.1. By Viscosity Index 20.10.2. By Application 20.11. BENELUX Naphthenic Base Oil Market Analysis 20.11.1. By Viscosity Index 20.11.2. By Application 20.12. Russia Naphthenic Base Oil Market Analysis 20.12.1. By Viscosity Index 20.12.2. By Application 20.13. China Naphthenic Base Oil Market Analysis 20.13.1. By Viscosity Index 20.13.2. By Application 20.14. Japan Naphthenic Base Oil Market Analysis 20.14.1. By Viscosity Index 20.14.2. By Application 20.15. South Korea Naphthenic Base Oil Market Analysis 20.15.1. By Viscosity Index 20.15.2. By Application 20.16. India Naphthenic Base Oil Market Analysis 20.16.1. By Viscosity Index 20.16.2. By Application 20.17. ASEAN Naphthenic Base Oil Market Analysis 20.17.1. By Viscosity Index 20.17.2. By Application 20.18. Australia Naphthenic Base Oil Market Analysis 20.18.1. By Viscosity Index 20.18.2. By Application 20.19. New Zealand Naphthenic Base Oil Market Analysis 20.19.1. By Viscosity Index 20.19.2. By Application 20.20. GCC Countries Naphthenic Base Oil Market Analysis 20.20.1. By Viscosity Index 20.20.2. By Application 20.21. Turkey Naphthenic Base Oil Market Analysis 20.21.1. By Viscosity Index 20.21.2. By Application 20.22. South Africa Naphthenic Base Oil Market Analysis 20.22.1. By Viscosity Index 20.22.2. By Application 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Concentration 21.3. Market Share Analysis of Top Players 21.4. Market Presence Analysis 21.4.1. By Regional footprint of Players 21.4.2. Viscosity Index foot print by Players 21.4.3. Channel Foot Print by Players 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep dive 22.3.1. Calumet Specialty Products Partners L.P. 22.3.1.1. Overview 22.3.1.2. Viscosity Index Portfolio 22.3.1.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.1.5.1. Marketing Strategy 22.3.1.5.2. Viscosity Index Strategy 22.3.1.5.3. Channel Strategy 22.3.2. Petrobras 22.3.2.1. Overview 22.3.2.2. Viscosity Index Portfolio 22.3.2.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.2.4. Sales Footprint 22.3.2.5. Strategy Overview 22.3.2.5.1. Marketing Strategy 22.3.2.5.2. Viscosity Index Strategy 22.3.2.5.3. Channel Strategy 22.3.3. Apar Industries Ltd. 22.3.3.1. Overview 22.3.3.2. Viscosity Index Portfolio 22.3.3.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.3.4. Sales Footprint 22.3.3.5. Strategy Overview 22.3.3.5.1. Marketing Strategy 22.3.3.5.2. Viscosity Index Strategy 22.3.3.5.3. Channel Strategy 22.3.4. Ergon International Inc. 22.3.4.1. Overview 22.3.4.2. Viscosity Index Portfolio 22.3.4.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.4.4. Sales Footprint 22.3.4.5. Strategy Overview 22.3.4.5.1. Marketing Strategy 22.3.4.5.2. Viscosity Index Strategy 22.3.4.5.3. Channel Strategy 22.3.5. Shell Plc 22.3.5.1. Overview 22.3.5.2. Viscosity Index Portfolio 22.3.5.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.5.4. Sales Footprint 22.3.5.5. Strategy Overview 22.3.5.5.1. Marketing Strategy 22.3.5.5.2. Viscosity Index Strategy 22.3.5.5.3. Channel Strategy 22.3.6. Nynas AB 22.3.6.1. Overview 22.3.6.2. Viscosity Index Portfolio 22.3.6.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.6.4. Sales Footprint 22.3.6.5. Strategy Overview 22.3.6.5.1. Marketing Strategy 22.3.6.5.2. Viscosity Index Strategy 22.3.6.5.3. Channel Strategy 22.3.7. PetroChina Company Limited 22.3.7.1. Overview 22.3.7.2. Viscosity Index Portfolio 22.3.7.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.7.4. Sales Footprint 22.3.7.5. Strategy Overview 22.3.7.5.1. Marketing Strategy 22.3.7.5.2. Viscosity Index Strategy 22.3.7.5.3. Channel Strategy 22.3.8. Resolute Oil LLC 22.3.8.1. Overview 22.3.8.2. Viscosity Index Portfolio 22.3.8.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.8.4. Sales Footprint 22.3.8.5. Strategy Overview 22.3.8.5.1. Marketing Strategy 22.3.8.5.2. Viscosity Index Strategy 22.3.8.5.3. Channel Strategy 22.3.9. Argos International 22.3.9.1. Overview 22.3.9.2. Viscosity Index Portfolio 22.3.9.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.9.4. Sales Footprint 22.3.9.5. Strategy Overview 22.3.9.5.1. Marketing Strategy 22.3.9.5.2. Viscosity Index Strategy 22.3.9.5.3. Channel Strategy 22.3.10. Lubline 22.3.10.1. Overview 22.3.10.2. Viscosity Index Portfolio 22.3.10.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.10.4. Sales Footprint 22.3.10.5. Strategy Overview 22.3.10.5.1. Marketing Strategy 22.3.10.5.2. Viscosity Index Strategy 22.3.10.5.3. Channel Strategy 22.3.11. Eastern Petroleum Pvt. Ltd. 22.3.11.1. Overview 22.3.11.2. Viscosity Index Portfolio 22.3.11.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.11.4. Sales Footprint 22.3.11.5. Strategy Overview 22.3.11.5.1. Marketing Strategy 22.3.11.5.2. Viscosity Index Strategy 22.3.11.5.3. Channel Strategy 22.3.12. Saudi Arabian Oil Co. 22.3.12.1. Overview 22.3.12.2. Viscosity Index Portfolio 22.3.12.3. Profitability by Market Segments (Viscosity Index/Channel/Region) 22.3.12.4. Sales Footprint 22.3.12.5. Strategy Overview 22.3.12.5.1. Marketing Strategy 22.3.12.5.2. Viscosity Index Strategy 22.3.12.5.3. Channel Strategy 23. Assumptions and Acronyms Used 24. Research Methodology
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List Of Table
Table 01: Global Naphthenic Base Oil Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 02: Global Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 03: Global Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
Table 04: Global Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Region
Table 05: North America Naphthenic Base Oil Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 06: North America Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 07: North America Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
Table 08: Latin America Naphthenic Base Oil Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 09: Latin America Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 10: Latin America Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
Table 11: Europe Naphthenic Base Oil Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 12: Europe Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 13: Europe Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
Table 14: South Asia Naphthenic Base Oil Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 15: South Asia Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 16: South Asia Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
Table 17: East Asia Naphthenic Base Oil Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 18: East Asia Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 19: East Asia Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
Table 20: Oceania Naphthenic Base Oil Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 21: Oceania Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 22: Oceania Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
Table 23: Middle East and Africa Naphthenic Base Oil Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2031, By Country
Table 24: Middle East and Africa Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Viscosity Index
Table 25: Middle East and Africa Naphthenic Base Oil Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2031, By Application
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List Of Figures
Figure 01: Global Naphthenic Base Oil Market Volume (in 000' Units) Analysis, 2017-2021
Figure 02: Global Naphthenic Base Oil Market Volume Forecast (in 000' Units), 2022-2031
Figure 03: Naphthenic Base Oil Pricing Analysis (US$) Per Viscosity Index, By Region, 2021
Figure 04: Naphthenic Base Oil Pricing Analysis (US$) Per Viscosity Index, By Region, 2021
Figure 05: Global Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 06: Global Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 07: Global Naphthenic Base Oil Market Absolute $ Opportunity, 2022-2031
Figure 08: Global Naphthenic Base Oil Market Share Analysis (%), By Viscosity Index, 2022-2031
Figure 09: Global Naphthenic Base Oil Market Y-o-Y Analysis (%), By Viscosity Index, 2022-2031
Figure 10: Global Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 11: Global Naphthenic Base Oil Market Share Analysis (%), By Application, 2022-2031
Figure 12: Global Naphthenic Base Oil Market Y-o-Y Analysis (%), By Application, 2022-2031
Figure 13: Global Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 14: Global Naphthenic Base Oil Market Share Analysis (%), By Region, 2022-2031
Figure 15: Global Naphthenic Base Oil Market Y-o-Y Analysis (%), By Region, 2022-2031
Figure 16: Global Naphthenic Base Oil Market Attractiveness Analysis by Region, 2022-2031
Figure 17: North America Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 18: North America Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 19: North America Naphthenic Base Oil Market Value Share, By Country, 2022 (E)
Figure 20: North America Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 21: North America Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 22: North America Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 23: North America Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 24: North America Naphthenic Base Oil Market Attractiveness Analysis by Country, 2022-2031
Figure 25: Latin America Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 26: Latin America Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Naphthenic Base Oil Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 29: Latin America Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 30: Latin America Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 31: Latin America Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 32: Latin America Naphthenic Base Oil Market Attractiveness Analysis by Country, 2022-2031
Figure 33: Europe Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 34: Europe Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 35: Europe Naphthenic Base Oil Market Value Share, By Country, 2022 (E)
Figure 36: Europe Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 37: Europe Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 38: Europe Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 39: Europe Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 40: Europe Naphthenic Base Oil Market Attractiveness Analysis by Country, 2022-2031
Figure 41: South Asia Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 42: South Asia Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Naphthenic Base Oil Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 45: South Asia Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 46: South Asia Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 47: South Asia Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 48: South Asia Naphthenic Base Oil Market Attractiveness Analysis by Country, 2022-2031
Figure 49: East Asia Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 50: East Asia Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Naphthenic Base Oil Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 53: East Asia Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 54: East Asia Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 55: East Asia Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 56: East Asia Naphthenic Base Oil Market Attractiveness Analysis by Country, 2022-2031
Figure 57: Oceania Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 58: Oceania Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Naphthenic Base Oil Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 61: Oceania Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 62: Oceania Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 63: Oceania Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 64: Oceania Naphthenic Base Oil Market Attractiveness Analysis by Country, 2022-2031
Figure 65: Middle East and Africa Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 66: Middle East and Africa Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Naphthenic Base Oil Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Naphthenic Base Oil Market Value Analysis (US$ Mn), 2017-2021
Figure 69: Middle East and Africa Naphthenic Base Oil Market Value Forecast (US$ Mn), 2022-2031
Figure 70: Middle East and Africa Naphthenic Base Oil Market Attractiveness Analysis by Viscosity Index, 2022-2031
Figure 71: Middle East and Africa Naphthenic Base Oil Market Attractiveness Analysis by Application, 2022-2031
Figure 72: Middle East and Africa Naphthenic Base Oil Market Attractiveness Analysis by Country, 2022-2031
Figure 73: U. S. Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 74: U. S. Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 75: U. S. Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 76: Canada Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 77: Canada Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 78: Canada Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 80: Mexico Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 81: Mexico Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 83: Brazil Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 84: Brazil Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 86: U. K. Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 87: U. K. Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 88: Germany Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 89: Germany Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 90: Germany Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 91: France Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 92: France Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 93: France Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 94: Italy Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 95: Italy Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 96: Italy Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 97: Spain Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 98: Spain Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 99: Spain Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 100: Russia Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 101: Russia Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 102: Russia Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 103: China Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 104: China Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 105: China Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 106: Japan Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 107: Japan Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 108: Japan Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 110: South Korea Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 111: South Korea Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 112: India Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 113: India Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 114: India Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 116: ASEAN Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 117: ASEAN Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 118: Australia Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 119: Australia Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 120: Australia Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 122: New Zealand Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 123: New Zealand Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 125: GCC Countries Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 126: GCC Countries Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 128: Turkey Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 129: Turkey Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Naphthenic Base Oil Market Value Analysis (US$ Mn), 2022 & 2031
Figure 131: South Africa Naphthenic Base Oil Market Value Share, By Viscosity Index, 2022 (E)
Figure 132: South Africa Naphthenic Base Oil Market Value Share, By Application, 2022 (E)
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- FAQs -
What is the global naphthenic base oil market size?
Currently, the global naphthenic base oil market is worth US$ 2.55 billion.
What is the expected valuation of the naphthenic base oil market for 2031?
By 2031, the naphthenic base oil market is projected to reach a valuation of US$ 3.6 billion.
What is the projected CAGR for the naphthenic base oil market?
The global market for naphthenic base oil is predicted to progress at a CAGR of 3.9% from 2022 to 2031.
Which key naphthenic base oil suppliers are profiled in this analysis?
Key naphthenic base oil companies such as Shell Plc, Nynas AB, Calumet Specialty Products Partners L.P., Petrobras, Apar Industries Ltd., PetroChina Company Limited, Argos International, Lubline, Eastern Petroleum Pvt. Ltd., and Saudi Arabian Oil Co. have
Which naphthenic base oil application will dominate the market?
The process oils segment is expected to hold a dominant market share in the global naphthenic base oil marketplace.
Which countries in the Asian region should naphthenic base oil manufacturers focus on?
Naphthenic base oil vendors should focus on India, China, and Japan in the Asian region, as they are expected to provide lucrative growth opportunities.
Naphthenic Base Oil Market