Market By Type, Application, And Geography | Forecast 2019-2027
According to the research by Triton, the North America process oil market is expected to grow significantly in terms of revenue at a CAGR of 3.18% and 3.58% in terms of volume for the forecasting years 2019-2027.
Countries that have been covered in the process oil market in North America are:
• The United States
• Canada
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The process oil market in North America is mainly driven by the increasing use of personal care products, polymer and textile industries. Process oil is widely used in developing polymer products that are consumed in sectors like medical, automotive, industrial, and consumer goods sectors. For instance, as per MarkLines – Statistics, in 2018, the US vehicle sales of units in December were up 1.5%, as compared to 2017. This is predicted to boost tire production and thus, contribute to the process oil market.
Process oil has its application in the textile industry for its characteristics, such as maximizing the efficiency of the production process by minimizing friction and offering lubricant properties. Many textile companies have been making significant investments in the US to set up their production plants. For example, Fibretex Personal Care has invested around $155 million for developing a non-woven fabric manufacturing facility in North Carolina. This factor is further anticipated to propel the growth of the process oil market in the United States.
Naphthenic process oil has the largest market share in the North American process oil market. It is widely used in the manufacturing of LPG tubes, hot water bags, footwear, and extruded products. It has a huge demand in various sectors such as textile, plastics, food, cosmetics, pharmaceutical, manufacturing, and processing of printing ink, polymer, and personal care industry in the country, which is expected to create ample opportunities for the process oil market growth.
ExxonMobil Chemical Company is a petrochemical company that produces and supplies petrochemical products to customers in the United States and other countries across the world. The company engages with polymers such as polypropylene, butyl polymers, polyethylene, polymer modifiers, specialty elastomers, and tackifying resins. The company also serves agriculture, adhesive, automotive, building & construction, consumer product, healthcare & medical, industrial application, and packaging industries.
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VIEW REPORT1. NORTH
AMERICA PROCESS OIL MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. PORTER’S
FIVE FORCES MODEL
2.2.1. BARGAINING
POWER OF BUYERS
2.2.2. BARGAINING
POWER OF SUPPLIERS
2.2.3. THREAT
OF NEW ENTRANTS
2.2.4. THREAT
OF SUBSTITUTES
2.2.5. THREAT
OF RIVALRY
2.3. REGULATORY
OUTLOOK
2.4. MARKET
TRENDS
2.5. MARKET
SHARE OUTLOOK
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. KEY
INSIGHT
2.8. MARKET
DRIVERS
2.8.1. INCREASING
DEMAND OF PROCESS OIL IN THE TEXTILE INDUSTRY
2.8.2. GROWING
PERSONAL CARE INDUSTRY
2.8.3. RISING
VEHICULAR PRODUCTION AND GROWING AUTOMOTIVE SECTOR
2.9. MARKET
RESTRAINTS
2.9.1. RESTRICTIONS
IN THE USAGE OF POLYCYCLIC AROMATIC HYDROCARBON (PAH)
2.9.2. EMERGENCE
OF DRY-TYPE TRANSFORMERS
2.10.
MARKET OPPORTUNITIES
2.10.1.
OPPORTUNITIES PRESENTED BY ADHERING TO THE
USAGE OF LOW POLYAROMATIC HYDROCARBON (PAH) OILS
2.10.2.
MOUNTING EXPLORATION ACTIVITY OF HYDROCARBONS
IN NON-OPEC REGIONS
2.11.
MARKET CHALLENGES
2.11.1.
FLUCTUATING RAW MATERIAL PRICES
2.11.2.
CHANGING CRUDE OIL PRICES
3. PROCESS
OIL MARKET OUTLOOK – BY TYPE
3.1. NAPHTHENIC
OIL
3.2. PARAFFIN
3.3. AROMATIC
3.4. NON-CARCINOGENIC
4. PROCESS
OIL MARKET OUTLOOK – BY APPLICATION
4.1. TIRE
& RUBBER
4.2. POLYMER
4.3. PERSONAL
CARE
4.4. TEXTILE
4.5. OTHER
APPLICATIONS
5. PROCESS
OIL MARKET – REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. COUNTRY
ANALYSIS
5.1.1.1. THE
UNITED STATES
5.1.1.2. CANADA
6. COMPANY
PROFILES
6.1. CHEVRON
CORPORATION
6.2. GAZPROM
6.3. GP
PETROLEUMS
6.4. APAR
INDUSTRIES LTD.
6.5. LANXESS
PROCESS OIL
6.6. ROYAL
DUTCH SHELL PLC
6.7. HINDUSTAN
PETROLEUM CORPORATION LTD.
6.8. HOLLYFRONTIER
REFINING & MARKETING INC.
6.9. CALUMET
SPECIALTY PRODUCTS PARTNERS, L.P.
6.10.
ERGON NORTH & SOUTH AMERICA
6.11.
TOTAL S.A.
6.12.
PETROCHINA COMPANY LTD.
6.13.
IDEMITSU KOSAN CO., LTD.
6.14.
EXXON MOBIL CHEMICAL COMPANY
6.15.
PETROBRAS
6.16.
REPSOL S.A.
6.17.
SASOL
6.18.
IRANOL COMPANY
6.19.
JX NIPPON OIL & GAS EXPLORATION
6.20.
NYNAS AB
6.21.
SUNOCO LP
6.22.
LUKOIL
6.23.
ORGKHIM BIOCHEMICAL HOLDING
6.24.
PANAMA PETROCHEM LTD.
6.25.
PETRONAS LUBRICANTS INTERNATIONAL
6.26.
ROSNEFT
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.1.1. OBJECTIVES
OF STUDY
7.1.2. SCOPE
OF STUDY
7.2. SOURCES
OF DATA
7.2.1. PRIMARY
DATA SOURCES
7.2.2. SECONDARY
DATA SOURCES
7.3. RESEARCH
METHODOLOGY
7.3.1. EVALUATION
OF PROPOSED MARKET
7.3.2. IDENTIFICATION
OF DATA SOURCES
7.3.3. ASSESSMENT
OF MARKET DETERMINANTS
7.3.4. DATA
COLLECTION
7.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1 NORTH AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION)
TABLE 2 NORTH AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS)
TABLE 3 TYPE OF PROCESS OIL
TABLE 4 GROUPING AS PER REFINING PROCESS
TABLE 5 PROPERTIES OF LIGHT NEUTRAL BASE OILS
TABLE 6 CHARACTERISTICS OF TEMPERATURE ON VISCOSITY
TABLE 7 REGULATION CODE FOR OIL COMPONENTS IN NON-FOOD ARTICLES
TABLE 8 PARAFFINIC RUBBER PROCESS OIL TECHNICAL SPECIFICATION
TABLE 9 NAPHTHENIC RUBBER PROCESS OIL TECHNICAL SPECIFICATION
TABLE 10 AROMATIC RUBBER PROCESS OIL TECHNICAL
SPECIFICATION
TABLE 11 CARCINOGENIC CLASSIFICATIONS OF PAH
COMPOUNDS BY SPECIFIC AGENCIES
TABLE 12 NORTH AMERICA PROCESS OIL MARKET, BY TYPE,
2019-2027 ($ MILLIONS)
TABLE 13 COMPARISON OF DIFFERENT TYPES OF RUBBER
PROCESS OIL
TABLE 14 NORTH AMERICA PROCESS OIL MARKET, BY TYPE,
2019-2027 (KILOTONS)
TABLE 15 NORTH AMERICA PROCESS OIL MARKET, BY APPLICATION,
2019-2027 ($ MILLIONS)
TABLE 16 PROCESS OIL PRODUCTS USED IN TEXTILE
INDUSTRIES
TABLE 17 PRODUCT TYPE FOR HOT MELT ADHESIVE
MANUFACTURING INDUSTRY
TABLE 18 NORTH AMERICA PROCESS OIL MARKET, BY
COUNTRY, 2019-2027 ($ MILLIONS)
TABLE 19 NORTH AMERICA PROCESS OIL MARKET, BY
COUNTRY, 2019-2027 (KILOTONS)
FIGURE 1 NORTH AMERICA PROCESS OIL MARKET,
2019-2027 ($ MILLION)
FIGURE 2 NORTH AMERICA PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE 3 PROCESS OIL COMPANY MARKET SHARE OUTLOOK
2018 (%)
FIGURE 4 AVERAGE ANNUAL US OIL PRODUCTION IN
THOUSANDS OF BARRELS PER DAY
FIGURE 5 AVERAGE CRUDE OIL SPOT PRICE 2015-2019 (IN
USD/BBL)
FIGURE 6 NORTH AMERICA PROCESS OIL MARKET, BY
NAPHTHENIC OIL, 2019-2027 ($ MILLIONS)
FIGURE 7 NORTH AMERICA PROCESS OIL MARKET, BY
NAPHTHENIC OIL, 2019-2027 (KILOTONS)
FIGURE 8 NORTH AMERICA PROCESS OIL MARKET, BY
PARAFFIN, 2019-2027 ($ MILLIONS)
FIGURE 9 NORTH AMERICA PROCESS OIL MARKET, BY
PARAFFIN, 2019-2027 (KILOTONS)
FIGURE 10 NORTH AMERICA PROCESS OIL MARKET, BY
AROMATIC, 2019-2027 ($ MILLIONS)
FIGURE 11 NORTH AMERICA PROCESS OIL MARKET, BY
AROMATIC, 2019-2027 (KILOTONS)
FIGURE 12 NORTH AMERICA PROCESS OIL MARKET, BY
NON-CARCINOGENIC, 2019-2027 ($ MILLIONS)
FIGURE 13 NORTH AMERICA PROCESS OIL MARKET, BY NON-CARCINOGENIC,
2019-2027 (KILOTONS)
FIGURE 14 NORTH AMERICA PROCESS OIL MARKET, BY TIRE
& RUBBER, 2019-2027 ($ MILLIONS)
FIGURE 15 NORTH AMERICA PROCESS OIL MARKET, BY POLYMER,
2019-2027 ($ MILLIONS)
FIGURE 16 NORTH AMERICA PROCESS OIL MARKET, BY PERSONAL
CARE, 2019-2027 ($ MILLIONS)
FIGURE 17 NORTH AMERICA PROCESS OIL MARKET, BY TEXTILE,
2019-2027 ($ MILLIONS)
FIGURE 18 NORTH AMERICA PROCESS OIL MARKET, BY OTHER
APPLICATION, 2019-2027 ($ MILLIONS)
FIGURE 19 THE UNITED STATES PROCESS OIL MARKET, 2019-2027
($ MILLIONS)
FIGURE 20 THE UNITED STATES PROCESS OIL MARKET,
2019-2027 (KILOTONS)
FIGURE 21 CANADA PROCESS OIL MARKET, 2019-2027 ($
MILLIONS)
FIGURE 22 CANADA PROCESS OIL MARKET, 2019-2027
(KILOTONS)
FIGURE 23 CANADA VEHICLE SALES 2017-2018