Global Base Oil Market Overview

Global Base Oil Market Size Was Valued at USD 32.82 Billion In 2023 And Is Projected to Reach USD 49.58 Billion By 2032, Growing at A CAGR of 4.69% From 2024-2032.

Base oils are essential components in the production of lubricants and greases, serving as the primary foundation for these products. They are categorized into different groups based on their chemical composition and refining processes, ranging from Group I to Group V. The global base oil market plays a crucial role in various industries, including automotive, industrial machinery, marine, and aviation, where lubricants are essential for smooth operation and maintenance of equipment.

The expanding automotive industry, particularly in emerging economies, drives the demand for lubricants and subsequently base oils. The increasing manufacturing activities across various sectors, coupled with stringent regulations mandating the use of high-quality lubricants to enhance fuel efficiency and reduce emissions, further boosts market growth. Moreover, the rising awareness about preventive maintenance and the need for longer equipment lifespan contribute to the demand for superior quality lubricants formulated with high-performance base oils.

The global base oil market is poised for steady growth driven by the increasing demand for high-performance lubricants across various industries. With advancements in refining technologies and expanding applications in automotive, industrial, and specialty sectors, the market continues to evolve. Manufacturers and stakeholders in the base oil industry are focusing on sustainability, product innovation, and strategic partnerships to capitalize on emerging opportunities and meet evolving customer demands worldwide.

Market Dynamics and Factors for the Base Oil Market:

Drivers:

Growing in Industrialization in Emerging Economies
The demand for lubricants has increased as a result of rapid industrialization. The need for lubricants and their derivatives, such as finished lubricants, is being driven by the growth of industries such as industrial machinery, automotive, and energy in rising economies such as China, India, Brazil, and South Africa. Because of the depletion of crude oil reserves and the increased focus on environmental preservation, demand for environmentally friendly synthetic hydraulic oils or hydraulic fluids has increased. These oils are used in a variety of applications, including aviation, manufacturing, building, and automobiles. Hydraulic fluids carry power, provide lubrication, protect equipment from corrosion and wear, and serve as a heat transfer medium. Hydraulic fluid consumption is increasing as a result of rapid industrialization and automation. As a result, the global base oil market is being driven.

Restraints:

Oscillating Prices of Crude Oil
The change in the crude oil market has a substantial impact on the base oil market. Between 2008 and 2014, the crude oil market was lucrative, with prices breaking over the USD 100 per barrel barrier and beyond. Brent crude was trading at USD 140 per barrel, while WTI was trading at USD 120. Crude oil prices hit all-time lows in 2015. The margins of manufacturing enterprises are impacted by price volatility. Mineral oil is the most common form of base oil, and it is derived from crude oil. As a result, the price of base oil is greatly influenced by the price of crude oil. Manufacturers benefit from increased margins when crude oil prices are high, but the price movement has a significant influence on the base oil market.

Opportunities:

Plus Base Oils Will Generate Opportunities
Plus base oils, according to the research study, not only meet a market need but also provide tangible value. This may be viewed from two different angles. Plus base oils in Group II provide up new potential for producers to enter the 5W market, where they previously had a lesser presence. Plus base oils are the solution for Group III manufacturers to meet the newest standards and anticipated needs for low volatility, 0W-xx OEM specifications. Standard Group III base oils, on the other hand, satisfy the bulk of the criteria for today's 5W and standard volatility 0W-20 standards. Plus base oils will play a bigger role in satisfying the new 0W-16/12 low volatility standards in the future years.

Suppliers must be able to accommodate blender demands for conventional and group III oils for the industry to achieve and generate value. This will provide possibilities for market actors to consolidate and cooperate. As the most effective means of going forward and developing slates that meet all of the standards while giving the most value to end-users, buyers, and the industry as a whole.

Market Segmentation For Base Oil

Based on the Group, Group I segment is expected to register the maximum base oil market share over the forecast period. Despite the current market developments, Group I continue to dominate, with more than half of the world's base oil capacity. However, many of the factories that produce these oils are tiny and old and will be decommissioned within the next 20 years. Group II and Group III oils are expected to grow in popularity, as they are favored in most automobile compositions. Higher VI oils will have the advantage of being appropriate for manufacturing low-viscosity lubricants while preserving the required volatility qualities as demand for fuel-economy lubricants grows.

Based on the application, in terms of both value and volume, the automotive oil application segment is expected to lead the market throughout the forecast period. The expansion of the automobile sector in emerging countries is responsible for this segment's growth. Furthermore, the increase in population in the Asia Pacific is boosting demand for the automobile sector, fueling the market for the automotive oil application segment of the base oil market.

Players Covered in Base Oil market are :

• Evonik Industries AG (Germany)
• Hindustan Petroleum Corporation Limited or HPCL (India)
• AVISTA OIL AG (Germany)
• Chevron Corporation (US)
• Total SA (France)
• PT Pertamina (Persero) (Indonesia)
• GRUPA LOTOS S.A. (Poland)
• Abu Dhabi National Oil Company (ADNOC) (UAE)
• Exxon Mobil Corporation (US)
• Motiva Enterprises LLC (US)
• SK Innovation Co. Ltd. (South Korea)
• Royal Dutch Shell Plc (Netherlands)
• Neste Oyj (Finland)
• Nynas AB (Sweden)
• Repsol S.A. (Spain)
• Ergon Inc. (US)
• Calumet Specialty Products Partners L.P. (US)
• H&R Group (Germany)
• Saudi Aramco (Saudi Arabia)
• Phillips 66 (US)
• Petroliam Nasional Berhad (PETRONAS) (Malaysia)
• Sepahan Oil (Iran)
• GS Caltex Corporation (South Korea)
• Sinopec Corp. (China)
• S-OIL CORPORATION (South Korea)
• PetroChina Company Limited (China) and other major players.

Regional Analysis for the Base Oil Market:

North America is a significant market for base oils, driven by robust industrial and automotive sectors. The United States and Canada lead in terms of production and consumption, with a well-established network of refineries and lubricant manufacturers. The region's demand for base oils is supported by stringent environmental regulations that mandate the use of high-quality lubricants to enhance fuel efficiency and reduce emissions. Major oil companies and independent lubricant producers in North America focus on producing Group II and Group III base oils, which are preferred for their superior performance in automotive and industrial applications. Technological advancements in refining processes and a strong emphasis on sustainability contribute to the region's leadership in the base oil industry.

The global base oil industry is characterized by regional diversity in production, consumption, and technological advancements. North America and Europe lead in technological innovation and stringent regulatory compliance, while Asia-Pacific dominates in terms of market size and growth potential. Latin America and the Middle East & Africa regions are emerging markets with opportunities for expansion, driven by industrialization and infrastructure development.

Key Industry Developments in the Base Oil Market:

• In September 2023, Petronas Lubricants International (PLI) and PT Kilang Pertamina Internasional (PT KPI) recently signed a Joint Study Agreement (JSA) to explore the possibility of developing a new greenfield lube base oil plant in Refinery Unit (RU) IV Cilacap, Central Java.
• In April 2022, Chevron Global Energy, Inc., a wholly-owned subsidiary of Chevron Corporation, acquired Neste Corporation’s NEXBASE brand, associated qualifications and approvals, and related sales and marketing business.
• In June 2024 - Clean Harbors' Safety-Kleen division has unveiled a strategic partnership with Castrol to introduce 'MoreCircular', a sustainable recycled lubricant. This initiative aims to reduce carbon footprints by re-refining used oil collected through Safety-Kleen's expanded operations, including the recent acquisition of Noble Oil Recycling. The move underscores a proactive approach to meet the rising demand for eco-friendly base oils amidst evolving market dynamics.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Group
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Base Oil Market by Group
 5.1 Base Oil Market Overview Snapshot and Growth Engine
 5.2 Base Oil Market Overview
 5.3 Group I
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Group I: Grographic Segmentation
 5.4 Group II
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Group II: Grographic Segmentation
 5.5 Group III
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Group III: Grographic Segmentation
 5.6 Group IV
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Group IV: Grographic Segmentation
 5.7 Group V
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Group V: Grographic Segmentation

Chapter 6: Base Oil Market by Application
 6.1 Base Oil Market Overview Snapshot and Growth Engine
 6.2 Base Oil Market Overview
 6.3 Process Oils
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Process Oils: Grographic Segmentation
 6.4 Industrial Oil
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Industrial Oil: Grographic Segmentation
 6.5 Automotive Oil
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Automotive Oil: Grographic Segmentation
 6.6 Hydraulic Oil
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Hydraulic Oil: Grographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Base Oil Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Base Oil Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Base Oil Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 EVONIK INDUSTRIES AG
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 HINDUSTAN PETROLEUM CORPORATION LIMITED OR HPCL
 7.4 AVISTA OIL AG
 7.5 CHEVRON CORPORATION
 7.6 TOTAL SA
 7.7 PT PERTAMINA (PERSERO)
 7.8 GRUPA LOTOS S.A.
 7.9 ABU DHABI NATIONAL OIL COMPANY (ADNOC)
 7.10 EXXON MOBIL CORPORATION
 7.11 MOTIVA ENTERPRISES LLC
 7.12 SK INNOVATION CO. LTD.
 7.13 ROYAL DUTCH SHELL PLC
 7.14 NESTE OYJ
 7.15 NYNAS AB
 7.16 REPSOL S.A.
 7.17 ERGON INC.
 7.18 CALUMET SPECIALTY PRODUCTS PARTNERS L.P.
 7.19 H&R GROUP
 7.20 SAUDI ARAMCO
 7.21 PHILLIPS 66
 7.22 PETROLIAM NASIONAL BERHAD (PETRONAS)
 7.23 SEPAHAN OIL
 7.24 GS CALTEX CORPORATION
 7.25 SINOPEC CORP.
 7.26 S-OIL CORPORATION
 7.27 PETROCHINA COMPANY LIMITED
 7.28 OTHER MAJOR PLAYERS
Chapter 8: Global Base Oil Market Analysis, Insights and Forecast, 2017-2032
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Group
  8.2.1 Group I
  8.2.2 Group II
  8.2.3 Group III
  8.2.4 Group IV
  8.2.5 Group V
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Process Oils
  8.3.2 Industrial Oil
  8.3.3 Automotive Oil
  8.3.4 Hydraulic Oil
  8.3.5 Others
Chapter 9: North America Base Oil Market Analysis, Insights and Forecast,2017-2032
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Group
  9.4.1 Group I
  9.4.2 Group II
  9.4.3 Group III
  9.4.4 Group IV
  9.4.5 Group V
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Process Oils
  9.5.2 Industrial Oil
  9.5.3 Automotive Oil
  9.5.4 Hydraulic Oil
  9.5.5 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Base Oil Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Group
  10.4.1 Group I
  10.4.2 Group II
  10.4.3 Group III
  10.4.4 Group IV
  10.4.5 Group V
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Process Oils
  10.5.2 Industrial Oil
  10.5.3 Automotive Oil
  10.5.4 Hydraulic Oil
  10.5.5 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Base Oil Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Group
  11.4.1 Group I
  11.4.2 Group II
  11.4.3 Group III
  11.4.4 Group IV
  11.4.5 Group V
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Process Oils
  11.5.2 Industrial Oil
  11.5.3 Automotive Oil
  11.5.4 Hydraulic Oil
  11.5.5 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Base Oil Market Analysis, Insights and Forecast,2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Group
  12.4.1 Group I
  12.4.2 Group II
  12.4.3 Group III
  12.4.4 Group IV
  12.4.5 Group V
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Process Oils
  12.5.2 Industrial Oil
  12.5.3 Automotive Oil
  12.5.4 Hydraulic Oil
  12.5.5 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Base Oil Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Group
  13.4.1 Group I
  13.4.2 Group II
  13.4.3 Group III
  13.4.4 Group IV
  13.4.5 Group V
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Process Oils
  13.5.2 Industrial Oil
  13.5.3 Automotive Oil
  13.5.4 Hydraulic Oil
  13.5.5 Others
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. BASE OIL MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. BASE OIL MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. BASE OIL MARKET COMPETITIVE RIVALRY
TABLE 005. BASE OIL MARKET THREAT OF NEW ENTRANTS
TABLE 006. BASE OIL MARKET THREAT OF SUBSTITUTES
TABLE 007. BASE OIL MARKET BY GROUP
TABLE 008. GROUP I MARKET OVERVIEW (2016-2028)
TABLE 009. GROUP II MARKET OVERVIEW (2016-2028)
TABLE 010. GROUP III MARKET OVERVIEW (2016-2028)
TABLE 011. GROUP IV MARKET OVERVIEW (2016-2028)
TABLE 012. GROUP V MARKET OVERVIEW (2016-2028)
TABLE 013. BASE OIL MARKET BY APPLICATION
TABLE 014. PROCESS OILS MARKET OVERVIEW (2016-2028)
TABLE 015. INDUSTRIAL OIL MARKET OVERVIEW (2016-2028)
TABLE 016. AUTOMOTIVE OIL MARKET OVERVIEW (2016-2028)
TABLE 017. HYDRAULIC OIL MARKET OVERVIEW (2016-2028)
TABLE 018. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 019. NORTH AMERICA BASE OIL MARKET, BY GROUP (2016-2028)
TABLE 020. NORTH AMERICA BASE OIL MARKET, BY APPLICATION (2016-2028)
TABLE 021. N BASE OIL MARKET, BY COUNTRY (2016-2028)
TABLE 022. EUROPE BASE OIL MARKET, BY GROUP (2016-2028)
TABLE 023. EUROPE BASE OIL MARKET, BY APPLICATION (2016-2028)
TABLE 024. BASE OIL MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC BASE OIL MARKET, BY GROUP (2016-2028)
TABLE 026. ASIA PACIFIC BASE OIL MARKET, BY APPLICATION (2016-2028)
TABLE 027. BASE OIL MARKET, BY COUNTRY (2016-2028)
TABLE 028. MIDDLE EAST & AFRICA BASE OIL MARKET, BY GROUP (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA BASE OIL MARKET, BY APPLICATION (2016-2028)
TABLE 030. BASE OIL MARKET, BY COUNTRY (2016-2028)
TABLE 031. SOUTH AMERICA BASE OIL MARKET, BY GROUP (2016-2028)
TABLE 032. SOUTH AMERICA BASE OIL MARKET, BY APPLICATION (2016-2028)
TABLE 033. BASE OIL MARKET, BY COUNTRY (2016-2028)
TABLE 034. EVONIK INDUSTRIES AG: SNAPSHOT
TABLE 035. EVONIK INDUSTRIES AG: BUSINESS PERFORMANCE
TABLE 036. EVONIK INDUSTRIES AG: PRODUCT PORTFOLIO
TABLE 037. EVONIK INDUSTRIES AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. HINDUSTAN PETROLEUM CORPORATION LIMITED OR HPCL: SNAPSHOT
TABLE 038. HINDUSTAN PETROLEUM CORPORATION LIMITED OR HPCL: BUSINESS PERFORMANCE
TABLE 039. HINDUSTAN PETROLEUM CORPORATION LIMITED OR HPCL: PRODUCT PORTFOLIO
TABLE 040. HINDUSTAN PETROLEUM CORPORATION LIMITED OR HPCL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. AVISTA OIL AG: SNAPSHOT
TABLE 041. AVISTA OIL AG: BUSINESS PERFORMANCE
TABLE 042. AVISTA OIL AG: PRODUCT PORTFOLIO
TABLE 043. AVISTA OIL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. CHEVRON CORPORATION: SNAPSHOT
TABLE 044. CHEVRON CORPORATION: BUSINESS PERFORMANCE
TABLE 045. CHEVRON CORPORATION: PRODUCT PORTFOLIO
TABLE 046. CHEVRON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. TOTAL SA: SNAPSHOT
TABLE 047. TOTAL SA: BUSINESS PERFORMANCE
TABLE 048. TOTAL SA: PRODUCT PORTFOLIO
TABLE 049. TOTAL SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. PT PERTAMINA (PERSERO): SNAPSHOT
TABLE 050. PT PERTAMINA (PERSERO): BUSINESS PERFORMANCE
TABLE 051. PT PERTAMINA (PERSERO): PRODUCT PORTFOLIO
TABLE 052. PT PERTAMINA (PERSERO): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. GRUPA LOTOS S.A.: SNAPSHOT
TABLE 053. GRUPA LOTOS S.A.: BUSINESS PERFORMANCE
TABLE 054. GRUPA LOTOS S.A.: PRODUCT PORTFOLIO
TABLE 055. GRUPA LOTOS S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. ABU DHABI NATIONAL OIL COMPANY (ADNOC): SNAPSHOT
TABLE 056. ABU DHABI NATIONAL OIL COMPANY (ADNOC): BUSINESS PERFORMANCE
TABLE 057. ABU DHABI NATIONAL OIL COMPANY (ADNOC): PRODUCT PORTFOLIO
TABLE 058. ABU DHABI NATIONAL OIL COMPANY (ADNOC): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. EXXON MOBIL CORPORATION: SNAPSHOT
TABLE 059. EXXON MOBIL CORPORATION: BUSINESS PERFORMANCE
TABLE 060. EXXON MOBIL CORPORATION: PRODUCT PORTFOLIO
TABLE 061. EXXON MOBIL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. MOTIVA ENTERPRISES LLC: SNAPSHOT
TABLE 062. MOTIVA ENTERPRISES LLC: BUSINESS PERFORMANCE
TABLE 063. MOTIVA ENTERPRISES LLC: PRODUCT PORTFOLIO
TABLE 064. MOTIVA ENTERPRISES LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. SK INNOVATION CO. LTD.: SNAPSHOT
TABLE 065. SK INNOVATION CO. LTD.: BUSINESS PERFORMANCE
TABLE 066. SK INNOVATION CO. LTD.: PRODUCT PORTFOLIO
TABLE 067. SK INNOVATION CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. ROYAL DUTCH SHELL PLC: SNAPSHOT
TABLE 068. ROYAL DUTCH SHELL PLC: BUSINESS PERFORMANCE
TABLE 069. ROYAL DUTCH SHELL PLC: PRODUCT PORTFOLIO
TABLE 070. ROYAL DUTCH SHELL PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. NESTE OYJ: SNAPSHOT
TABLE 071. NESTE OYJ: BUSINESS PERFORMANCE
TABLE 072. NESTE OYJ: PRODUCT PORTFOLIO
TABLE 073. NESTE OYJ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. NYNAS AB: SNAPSHOT
TABLE 074. NYNAS AB: BUSINESS PERFORMANCE
TABLE 075. NYNAS AB: PRODUCT PORTFOLIO
TABLE 076. NYNAS AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. REPSOL S.A.: SNAPSHOT
TABLE 077. REPSOL S.A.: BUSINESS PERFORMANCE
TABLE 078. REPSOL S.A.: PRODUCT PORTFOLIO
TABLE 079. REPSOL S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. ERGON INC.: SNAPSHOT
TABLE 080. ERGON INC.: BUSINESS PERFORMANCE
TABLE 081. ERGON INC.: PRODUCT PORTFOLIO
TABLE 082. ERGON INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. CALUMET SPECIALTY PRODUCTS PARTNERS L.P.: SNAPSHOT
TABLE 083. CALUMET SPECIALTY PRODUCTS PARTNERS L.P.: BUSINESS PERFORMANCE
TABLE 084. CALUMET SPECIALTY PRODUCTS PARTNERS L.P.: PRODUCT PORTFOLIO
TABLE 085. CALUMET SPECIALTY PRODUCTS PARTNERS L.P.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. H&R GROUP: SNAPSHOT
TABLE 086. H&R GROUP: BUSINESS PERFORMANCE
TABLE 087. H&R GROUP: PRODUCT PORTFOLIO
TABLE 088. H&R GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. SAUDI ARAMCO: SNAPSHOT
TABLE 089. SAUDI ARAMCO: BUSINESS PERFORMANCE
TABLE 090. SAUDI ARAMCO: PRODUCT PORTFOLIO
TABLE 091. SAUDI ARAMCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. PHILLIPS 66: SNAPSHOT
TABLE 092. PHILLIPS 66: BUSINESS PERFORMANCE
TABLE 093. PHILLIPS 66: PRODUCT PORTFOLIO
TABLE 094. PHILLIPS 66: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. PETROLIAM NASIONAL BERHAD (PETRONAS): SNAPSHOT
TABLE 095. PETROLIAM NASIONAL BERHAD (PETRONAS): BUSINESS PERFORMANCE
TABLE 096. PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCT PORTFOLIO
TABLE 097. PETROLIAM NASIONAL BERHAD (PETRONAS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. SEPAHAN OIL: SNAPSHOT
TABLE 098. SEPAHAN OIL: BUSINESS PERFORMANCE
TABLE 099. SEPAHAN OIL: PRODUCT PORTFOLIO
TABLE 100. SEPAHAN OIL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. GS CALTEX CORPORATION: SNAPSHOT
TABLE 101. GS CALTEX CORPORATION: BUSINESS PERFORMANCE
TABLE 102. GS CALTEX CORPORATION: PRODUCT PORTFOLIO
TABLE 103. GS CALTEX CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. SINOPEC CORP.: SNAPSHOT
TABLE 104. SINOPEC CORP.: BUSINESS PERFORMANCE
TABLE 105. SINOPEC CORP.: PRODUCT PORTFOLIO
TABLE 106. SINOPEC CORP.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106. S-OIL CORPORATION: SNAPSHOT
TABLE 107. S-OIL CORPORATION: BUSINESS PERFORMANCE
TABLE 108. S-OIL CORPORATION: PRODUCT PORTFOLIO
TABLE 109. S-OIL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109. PETROCHINA COMPANY LIMITED: SNAPSHOT
TABLE 110. PETROCHINA COMPANY LIMITED: BUSINESS PERFORMANCE
TABLE 111. PETROCHINA COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 112. PETROCHINA COMPANY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 112. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 113. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 114. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 115. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. BASE OIL MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. BASE OIL MARKET OVERVIEW BY GROUP
FIGURE 012. GROUP I MARKET OVERVIEW (2016-2028)
FIGURE 013. GROUP II MARKET OVERVIEW (2016-2028)
FIGURE 014. GROUP III MARKET OVERVIEW (2016-2028)
FIGURE 015. GROUP IV MARKET OVERVIEW (2016-2028)
FIGURE 016. GROUP V MARKET OVERVIEW (2016-2028)
FIGURE 017. BASE OIL MARKET OVERVIEW BY APPLICATION
FIGURE 018. PROCESS OILS MARKET OVERVIEW (2016-2028)
FIGURE 019. INDUSTRIAL OIL MARKET OVERVIEW (2016-2028)
FIGURE 020. AUTOMOTIVE OIL MARKET OVERVIEW (2016-2028)
FIGURE 021. HYDRAULIC OIL MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 023. NORTH AMERICA BASE OIL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. EUROPE BASE OIL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. ASIA PACIFIC BASE OIL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. MIDDLE EAST & AFRICA BASE OIL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. SOUTH AMERICA BASE OIL MARKET OVERVIEW BY COUNTRY (2016-2028)