Group II Base Oil Market, Global Outlook and Forecast 2023-2035
The global Group II Base Oil market was valued at US$ million in 2022 and is projected to reach US$ million by 2035, at a CAGR of % during the forecast period.
The surge in demand for premium oils in the automotive industry and around the world. Driven by increased industrial activity, the growth of the Asia-Pacific region ’s GDP has driven the growth of global markets. The favorable market opportunities of the BRIC countries (Brazil, Russia, India and China) and the growing demand for renewable energy are expected to drive market growth. During the forecast period, the market is expected to lead the market in terms of value and quantity. Group II base oils can be used in a variety of applications such as marine and natural gas engines, trunk piston engine oils, and other applications in the base oil industry.
This report aims to provide a comprehensive presentation of the global market for Group II Base Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Group II Base Oil. This report contains market size and forecasts of Group II Base Oil in global, including the following market information:
- Global Group II Base Oil Market Revenue, 2018-2023, 2024-2035, ($ millions)
- Global Group II Base Oil Market Sales, 2018-2023, 2024-2035, (Kiloton)
- Global top five Group II Base Oil companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Mineral Segment to Reach $ Million by 2035, with a % CAGR in next six years.
The global key manufacturers of Group II Base Oil include Chevron Corporation, Exxon Mobil Corporation, S-OIL Corporation, Motiva Enterprises LLC, SK innovation, AVISTA OIL AG and Nynas AB, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Group II Base Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Group II Base Oil Market, by Type, 2018-2023, 2024-2035 ($ Millions) & (Kiloton)
Global Group II Base Oil Market Segment Percentages, by Type, 2022 (%)
- Mineral
- Synthetic
- Bio-based
Global Group II Base Oil Market Segment Percentages, by Application, 2022 (%)
- Automotive Oil
- Industrial Oil
- Hydraulic Oil
- Grease
- Metalworking Fluid
- Others
Global Group II Base Oil Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
- Key companies Group II Base Oil revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Group II Base Oil revenues share in global market, 2022 (%)
- Key companies Group II Base Oil sales in global market, 2018-2023 (Estimated), (Kiloton)
- Key companies Group II Base Oil sales share in global market, 2022 (%)
- Chevron Corporation
- Exxon Mobil Corporation
- S-OIL Corporation
- Motiva Enterprises LLC
- SK innovation
- AVISTA OIL AG
- Nynas AB
Chapter 1: Introduces the definition of Group II Base Oil, market overview.
Chapter 2: Global Group II Base Oil market size in revenue and volume.
Chapter 3: Detailed analysis of Group II Base Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Group II Base Oil in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Group II Base Oil capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
Table of content
1 Introduction to Research & Analysis Reports
1.1 Group II Base Oil Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Group II Base Oil Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Group II Base Oil Overall Market Size
2.1 Global Group II Base Oil Market Size: 2022 VS 2035
2.2 Global Group II Base Oil Revenue, Prospects & Forecasts: 2018-2035
2.3 Global Group II Base Oil Sales: 2018-2035
3 Company Landscape
3.1 Top Group II Base Oil Players in Global Market
3.2 Top Global Group II Base Oil Companies Ranked by Revenue
3.3 Global Group II Base Oil Revenue by Companies
3.4 Global Group II Base Oil Sales by Companies
3.5 Global Group II Base Oil Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Group II Base Oil Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Group II Base Oil Product Type
3.8 Tier 1, Tier 2 and Tier 3 Group II Base Oil Players in Global Market
3.8.1 List of Global Tier 1 Group II Base Oil Companies
3.8.2 List of Global Tier 2 and Tier 3 Group II Base Oil Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Group II Base Oil Market Size Markets, 2022 &
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