Europe Process Oil Market By Type (Naphthenic, Paraffinic, Aromatic, Others), By Application (Personal Care, Tire & Rubber, Polymer, Textile, Others) - Forecast to 2020
- Report Code: PR 1000
- Publish Date: Jan 2016
The European process oil market recorded a consumption of 923.3 KT in 2014, and is expected to grow at a CAGR of 1.5% between 2015 and 2020. Process oil is used in various industries, such as tire & rubber, polymer, personal care, and textile, among others. It possess properties, such as solubility, miscibility, and compatibility with rubbers. The efficiency of process oil mainly depends on the percentage aromaticity; higher the aromaticity, the more efficient the process oil. Process oil is added to rubber compounds during the manufacturing process to improve the processability of the compounds and help to improve the performance of the vehicles and maintain the grip on wet roads.
This study aims to estimate the European process oil market for 2015 and project its estimated demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the European market of process oil market. Various secondary sources, such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the market. The primary sources–experts from related industries and suppliers–have been interviewed to obtain and verify critical information as well as assess the future prospects of the European process oil market. Competitive scenario of the top players in the market has also been discussed in detail. Leading players of the industry have been profiled, along with their recent developments and other strategic industry activities. These players include Royal Dutch Shell PLC. (Netherlands), Chevron Corporation (U.S.), Petronas Lubricants Belgium NV (Belgium), Nynas Ab (Sweden), Lukoil Oil Company (Russia), Avista Oil AG (Germany), and Repsol S.A. (Spain), among others.
Scope of the Report
The European process oil market has been covered in detail in this report. In order to provide an all-around picture, the current market demand and forecasts have also been included. The market has been segmented as follows:
On the Basis of Application:
- Tire & Rubber
- Polymer
- Personal Care
- Textile
- Others
On the Basis of Type:
- Naphthenic
- Paraffinic
- Aromatic
- Others
On the Basis of Country:
- France
- Germany
- Spain
- U.K.
- Russia
- Rest of Europe
Table of Contents
1 Introduction
1.1 Introduction
1.2 Objectives of the Study
1.3 Market Segmentation & Coverage
1.4 Analyst Insights
2 Research Methodology
2.1 Research Methodology
2.2 Key Data Points Taken From Secondary Sources
2.3 Key Data Points Taken From Primary Sources
2.4 Market Approach
2.5 Data Triangulation
2.6 Assumptions
2.7 Key Industry Insights
3 Executive Summary
3.1 Key Insights
3.2 Market Size
3.3 Market Snapshot
4 Market Overview
4.1 Market Overview
4.2 Regulations
4.3 Market Trends
4.4 Value Chain Analysis
4.5 Drivers, Restraints & Opportunities
4.6 Porter’s Five Forces Analysis
5 Europe Process Oil Market, By Type
5.1 Introduction
5.2 Europe Process Oil Market, By Type, Volume (KT)
5.3 Europe Process Oil Market, By Type, Value (USD Million)
6 Europe Process Oil Market, By Application
6.1 Introduction
6.2 Europe Process Oil Market in Tire & Rubber
6.3 Europe Process Oil Market in Polymer
6.4 Europe Process Oil Market in Personal Care
6.5 Europe Process Oil Market in Textile
6.6 Europe Process Oil Market in Others
7 Europe Process Oil Market, By Geography
7.1 Intoduction
7.2 Europe Process Oil Market, By Country
7.3 Russia Process Oil Market, By Application, Volume
7.4 Russia Process Oil Market, By Application, Value
7.5 Germany Process Oil Market, By Application, Volume
7.6 Germany Process Oil Market, By Application, Value
7.7 U.K. Process Oil Market, By Application, Volume
7.8 U.K. Process Oil Market, By Application, Value
7.9 France Process Oil Market, By Application, Volume
7.1 France Process Oil Market, By Application, Value
7.11 Spain Process Oil Market, By Application, Volume
7.12 Spain Process Oil Market, By Application, Value
8 Competitive Landscape
8.1 Introduction
8.2 Key Players With Market Presence, 2014
8.3 Competitive Scenario
8.4 Recent Developments
9 Key Company Profiles
9.1 Royal Dutch Shell Plc
9.2 Chevron Corporation
9.3 Nynas Ab
9.4 Repsol S.A.
9.5 Lukoil Oil Company
9.6 Petronas Lubricants Belgium Nv
9.7 Avista Oil Ag
List of Tables
Table 1 Europe Process Oil Market, By Type, 2015-2020 (KT)
Table 2 Europe Process Oil Market, By Type, 2015-2020 (USD Million)
Table 3 Europe Process Oil Market, By Application, 2015-2020 (KT)
Table 4 Europe Process Oil Market, By Application, 2015-2020 (USD Million)
Table 5 Europe Process Oil Market in Tire & Rubber, By Country, 2014-2020 (KT)
Table 6 Europe Process Oil Market in Tire & Rubber, By Country, 2014-2020 (USD Million)
Table 7 Europe Process Oil Market in Polymer, By Country, 2014-2020 (KT)
Table 8 Europe Process Oil Market in Polymer, By Country, 2014-2020 (USD Million)
Table 9 Europe Process Oil Market in Personal Care, By Country, 2014-2020 (KT)
Table 10 Europe Process Oil Market in Personal Care, By Country, 2014-2020 (USD Million)
Table 11 Europe Process Oil Market in Textile, By Country, 2014-2020 (KT)
Table 12 Europe Process Oil Market in Textile, By Country, 2014-2020 (USD Million)
Table 13 Europe Process Oil Market in Others,By Country, 2014-2020 (KT)
Table 14 Europe Process Oil Market in Others,By Country, 2014-2020 (USD Million)
Table 15 Europe Process Oil Market, By Country, 2014-2020 (KT)
Table 16 Europe Process Oil Market, By Geography, 2014-2020 (USD Million)
Table 17 Russia Process Oil Market, By Application, 2014-2020 (KT)
Table 18 Russia Process Oil Market, By Application, 2014-2020 (USD Million)
Table 19 Germany Process Oil Market, By Application, 2014-2020 (KT)
Table 20 Germany Process Oil Market, By Application, 2014-2020 (USD Million)
Table 21 U.K. Process Oil Market, By Application, 2014-2020 (KT)
Table 22 U.K. Process Oil Market, By Application, 2014-2020 (USD Million)
Table 23 France Process Oil Market, By Application, 2014-2020 (KT)
Table 24 France Process Oil Market, By Application, 2014-2020 (USD Million)
Table 25 Spain Process Oil Market, By Application, 2014-2020 (KT)
Table 26 Spain Process Oil Market, By Application, 2014-2020 (USD Million)
List of Figures
Figure 1 Europe Process Oil Market, 2015 & 2020 (USD Million)
Figure 2 the Naphthenic Segment of Process Oil Expected To Account For A Major Share of the Market During the Forecast Period
Figure 3 the Tire & Rubber Segment of the European Process Market is Expected To Grow At the Highest Cagr Between 2015 And 2020
Figure 4 Europe Process Oil Market, By Type, 2015 & 2020 (USD Million)
Figure 5 Europe Process Oil Market, By Application, 2015 & 2020
Figure 6 Europe Process Oil Market in Tire & Rubber, By Country, 2015 (%)
Figure 7 Europe Process Oil Market in Tire & Rubber, By Country, 2015 (%)
Figure 8 Europe Process Oil Market in Polymer , By Country, 2015 (%)
Figure 9 Europe Process Oil Market in Polymer, By Country , 2015 (%)
Figure 10 Europe Process Oil Market in Personal Care , By Country , 2015 (%)
Figure 11 Europe Process Oil Market in Personal Care , By Country , 2015 (%)
Figure 12 Europe Process Oil Market in Textile, By Country, 2015 (%)
Figure 13 Europe Process Oil Market in Textile, By Country , 2015 (%)
Figure 14 Europe Process Oil Market in Others,By Country , 2015 (%)
Figure 15 Europe Process Oil Market in Others,
Figure 16 Russia Process Oil Market, By Application, 2015 (%)
Figure 17 Russia Process Oil Market, By Application, 2015 (%)
Figure 18 Germany Process Oil Market, By Application, 2015 (%)
Figure 19 Germany Process Oil Market, By Application, 2015 (%)
Figure 20 U.K. Process Oil Market, By Application, 2015 (%)
Figure 21 U.K. Process Oil Market, By Application, 2015 (%)
Figure 22 France Process Oil Market, By Application, 2015 (%)
Figure 23 France Process Oil Market, By Application, 2015 (%)
Figure 24 Spain Process Oil Market, By Application, 2015 (%)
Figure 25 Spain Process Oil Market, By Application, 2015 (%)
The European process oil market is expected to grow at a CAGR of 1.5% between 2015 and 2020. The tire & rubber application segment dominated the market, and was followed by the polymer segment.
The increasing focus on fuel economy and CO2 reduction in Europe is expected to drive the demand for process oil in the coming years. The increased demand for lower viscosity oils will also propel the growth of the European process oil in in the coming years.
The growth in the automotive sector is expected to drive the growth of the tire & rubber segment of the market. The growing applications of process oil in the polymer industry will be also be one of the factors responsible for the growth of the European process oil market. The tire & rubber application segment accounted for 42.9% share of the market in 2014, in terms of value, while the polymer segment contributed a share of 25.0% in the same year.
Currently, Russia is the largest consumer of process oil in Europe and the market in the country is estimated to grow at the CAGR 2.2% in terms of value, during the forecast period. The growing demand for process oil in the automotive and personal care industries is expected to drive the process oil market in Russia.
Tire & rubber is the biggest application segment of the process oil market in Europe, having contributed a share of 42.9% in 2014. This large share can be attributed to the increasing demand of process oil as carrier oil, plasticizer, dust control agent, and processing aid. Polymer is the second-largest application segment and contributed a share of 25.0% to the market in Europe in 2014. Process oil is used in the polymer industry as plasticizing agent, catalyst carrier, extender oil, mold release agent, and pigment dispersing agent.
Key manufacturers in the European process oil market include Royal Dutch Shell PLC (Netherlands), Chevron Corporation (U.S.), Petronas Lubricants Belgium NV (Belgium), Nynas AB (Sweden), Lukoil Oil Company (Russia), Avista Oil AG (Germany), Repsol S.A. (Spain), and others.
This report covers the process oil market in Europe. It also provides a detailed segmentation of the market on the basis of types and applications.
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