기유(Base Oil) 시장 : 그룹별, 용도별, 지역별 - 예측(-2030년)

The base oil market is projected to grow from USD 40.29 billion in 2025 to USD 46.59 billion by 2030, at a CAGR of 2.9% during the forecast period. The market is primarily influenced by the increasing demand for lubricants across several sectors, including automotive, industrial, marine, and power generation. This has been further supported by rising vehicle ownership, industrial expansion, and infrastructure development, especially in the case of emerging economies.

The need for high-quality lubrication oils in vehicles and the strict need for adherence to strict emission limits also drives growth. Additionally, the base oil market is providing tremendous growth opportunities for oil manufacturers with the increasing production of premium cars, especially in Asia Pacific. This is further driving the demand for premium and synthetic oils and advanced refining technologies like hydrocracking and gas-to-liquids (GTL). Moreover, long-term growth opportunities offered by the market to manufacturers, because of upcoming base oil applications in the electric vehicle fluids sector, metalworking, and specialty industrial lubricants areas, are further driving the growth of the market.

"By group, the Group III segment is projected to grow at the highest rate, in terms of value, during the forecast period."

The Group III segment is projected to achieve the highest growth rate during the forecast period. This growth is mainly attributed to the rising quality of synthetic lubricants. Group III base oils are more costly because of their excellent viscosity index, very low sulfur content, and fine thermal and oxidative stability. These qualities make them the best fit for accomplishing very tough fuel economy and emission standards. Additionally, the rising adoption of modern engine technologies, oil drain intervals extension, and the popularity of high-performance automotive and industrial lubricants are further driving the growth of this segment. Moreover, advanced hydrocracking and isodewaxing capacity investments, especially in the Asia Pacific and the Middle East, are further driving the growth of the segment.

"By application, the automotive oil segment is projected to be the fastest-growing segment during the forecast period."

The automotive oil segment is projected to grow at the highest rate during the forecast period. This growth is owing to the rising global vehicle production and a gradually increasing vehicle parc. Other factors include rising demand for engine oils, transmission fluids, and gear oils, especially in passenger cars and commercial vehicles. Additionally, the need for stringent emission regulations and fuel efficiency standards is driving the transition to high-performance lubricants based on better-quality Group II, Group III, and synthetic base oils is being driven by the more. Moreover, the use of advanced engine technologies that include turbocharged, hybrid, and next-generation vehicles, along with the preference for longer oil drain intervals, is further contributing to the growth of the automotive oil segment quite vigorously.

"Asia Pacific is projected to grow at the highest rate during the forecast period."

Asia Pacific is projected to witness the fastest growth during the forecast period. This growth is mainly due to factors like rapid industrialization, urbanization, and a significant increase in the production of automobiles in countries like China, India, and Southeast Asia. The trend of increasing vehicle ownership, along with the need for highly efficient lubricants, is pushing the usage of higher-value Group II and Group III base oils. Besides, stricter emission rules, more refining capabilities, and continuous investments in state-of-the-art hydrocracking and isodewaxing technologies are all contributing to the upscale of base oils. Additionally, constant demand for base oils from the industrial, construction, and transport sectors is further spurring the growth of the base oil market in Asia Pacific.

Break-up of Primary Participants:

• By Company Type: Tier 1 - 45%, Tier 2 - 22%, and Tier 3 - 33%
• By Designation: C-Level Executives - 50%, Directors - 10%, and Others - 40%
• By Region: North America - 17%, Asia Pacific - 17%, Europe - 33%, Middle East & Africa - 25%, and South America - 8%

Leading players operating in the base oil market include Exxon Mobil Corporation (US), Saudi Arabian Oil Co. (Saudi Arabia), SK Enmove (South Korea), China Petrochemical Corporation (China), PetroChina Company Limited (China), and others. These key players are significant contributors to the base oil market. These players have adopted various strategies, including agreements, joint ventures, and expansions, to increase their market share and business revenue.

Research Coverage:

The report defines market segments and projects the size of the base oil market based on type, group, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, partnerships, and acquisitions undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help market leaders/new entrants by providing them with the closest approximations of revenue numbers for the base oil market and its segments. This report is also expected to help stakeholders gain a deeper understanding of the market's competitive landscape, acquire valuable insights to enhance their business positions, and develop effective go-to-market strategies. It will also enable stakeholders to understand the market's pulse and provide information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

• Analysis of drivers (Rising demand for high-performance lubricants, rapid industrialization in Asia Pacific and emerging economies), restraints (Volatility in crude oil prices, declining demand for Group I base oil), opportunities (Growth in renewable and bio-based base oils, expansion of re-refining and closed-loop recycling infrastructure for used lubricants), and challenges (EV penetration reducing long-term lubricant consumption) influencing the growth of the base oil market
• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities in the base oil market
• Market Development: Comprehensive information about lucrative markets across regions
• Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the base oil market
• Competitive Assessment: In-depth assessment of market share, growth strategies, and product offerings of leading players, including Chevron Corporation (US), Exxon Mobil Corporation (US), S-Oil Corporation (South Korea), Motiva Enterprises LLC (US), SK Enmove (South Korea), Saudi Arabian Oil Co. (Saudi Arabia), ENEOS (Japan), Shandong Qingyuan Group Co., Ltd. (China), Hindustan Petroleum Corporation Limited (India), Shell (UK), Avista Oil Deutschland GmbH (Germany), Nynas AB (Sweden), Repsol (Spain), Ergon, Inc. (US), Calumet, Inc. (US), China Petrochemical Corporation (China), ADNOC (UAE), Phillips 66 Company (US), PETRONAS Lubricants International (Malaysia), ORLEN (Poland), GS Caltex Corporation (South Korea), H&R Group (Germany), PetroChina Company Limited (China), PT Pertamina (Persero), FUCHS (Germany), and Baker Hughes Company (US)

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
  • 1.3.4 CURRENCY CONSIDERED
  • 1.3.5 UNIT CONSIDERED
• 1.4 STAKEHOLDERS
• 1.5 SUMMARY OF CHANGES

2 EXECUTIVE SUMMARY

• 2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS
• 2.2 KEY MARKET PARTICIPANTS: SHARE INSIGHTS AND STRATEGIC DEVELOPMENTS
• 2.3 DISRUPTIVE TRENDS SHAPING MARKET
• 2.4 HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS
• 2.5 SNAPSHOT: GLOBAL MARKET SIZE, GROWTH RATE, AND FORECAST

3 PREMIUM INSIGHTS

• 3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BASE OIL MARKET
• 3.2 BASE OIL MARKET, BY GROUP AND REGION
• 3.3 BASE OIL MARKET, BY APPLICATION
• 3.4 BASE OIL MARKET, BY COUNTRY

4 MARKET OVERVIEW

• 4.1 INTRODUCTION
• 4.2 MARKET DYNAMICS
  • 4.2.1 DRIVERS
    • 4.2.1.1 Rising demand for high-performance lubricants
    • 4.2.1.2 Rapid industrialization in Asia Pacific
  • 4.2.2 RESTRAINTS
    • 4.2.2.1 Declining demand for Group I base oil
    • 4.2.2.2 Volatile crude oil prices
  • 4.2.3 OPPORTUNITIES
    • 4.2.3.1 Expansion of re-refining and closed-loop recycling infrastructure
    • 4.2.3.2 Growth in renewable and bio-based base oils
  • 4.2.4 CHALLENGES
    • 4.2.4.1 Electric vehicle penetration reducing long-term lubricant consumption
• 4.3 UNMET NEEDS AND WHITE SPACES
  • 4.3.1 UNMET NEEDS IN BASE OIL MARKET
  • 4.3.2 WHITE SPACE OPPORTUNITIES
• 4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
  • 4.4.1 INTERCONNECTED MARKETS
  • 4.4.2 CROSS-SECTOR OPPORTUNITIES
• 4.5 EMERGING BUSINESS MODELS AND ECOSYSTEM SHIFTS
  • 4.5.1 EMERGING BUSINESS MODELS
  • 4.5.2 ECOSYSTEM SHIFTS
• 4.6 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS
  • 4.6.1 KEY MOVES AND STRATEGIC FOCUS

5 INDUSTRY TRENDS

• 5.1 PORTER'S FIVE FORCES ANALYSIS
  • 5.1.1 BARGAINING POWER OF SUPPLIERS
  • 5.1.2 BARGAINING POWER OF BUYERS
  • 5.1.3 THREAT OF NEW ENTRANTS
  • 5.1.4 THREAT OF SUBSTITUTES
  • 5.1.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.2 MACROECONOMIC OUTLOOK
  • 5.2.1 INTRODUCTION
  • 5.2.2 GDP TRENDS AND FORECAST
  • 5.2.3 TRENDS IN GLOBAL BASE OIL INDUSTRY
• 5.3 VALUE CHAIN ANALYSIS
  • 5.3.1 RESEARCH & DEVELOPMENT
  • 5.3.2 RAW MATERIAL
  • 5.3.3 MANUFACTURING
  • 5.3.4 DISTRIBUTION
  • 5.3.5 END-USE INDUSTRIES
• 5.4 ECOSYSTEM ANALYSIS
• 5.5 PRICING ANALYSIS
  • 5.5.1 AVERAGE SELLING PRICE TREND OF BASE OIL, BY REGION, 2022-2024
  • 5.5.2 AVERAGE SELLING PRICE TREND OF BASE OIL, BY KEY PLAYERS, 2024
• 5.6 TRADE DATA
  • 5.6.1 IMPORT SCENARIO (HS CODE 2709)
  • 5.6.2 EXPORT SCENARIO (HS CODE 2709)
• 5.7 KEY CONFERENCES AND EVENTS, 2026
• 5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.9 INVESTMENT AND FUNDING SCENARIO
• 5.10 CASE STUDY ANALYSIS
  • 5.10.1 SHELL CASE STUDY: EGYPTIAN IRON AND STEEL COMPANY
    • 5.10.1.1 Shell Lubricant Solutions collaborated with Egyptian Iron and Steel Company to deliver significant savings
  • 5.10.2 NYNAS CASE STUDY: CARL BECHEM INDIA
    • 5.10.2.1 Optimizing food-grade lubricant performance with Nynas' base oils
  • 5.10.3 EXXONMOBIL CASE STUDY: DALIAN HILUBO LUBRICATING OIL COMPANY
    • 5.10.3.1 Dalian Hilubo Lubricating Oil Company used ExxonMobil's formulation expertise and mPAO base stocks to succeed in China's wind industry
• 5.11 IMPACT OF US 2025 TARIFFS ON BASE OIL MARKET
  • 5.11.1 KEY TARIFF RATES IMPACTING MARKET
  • 5.11.2 PRICE IMPACT ANALYSIS
  • 5.11.3 IMPACT ON KEY COUNTRIES/REGIONS
    • 5.11.3.1 US
    • 5.11.3.2 Europe
    • 5.11.3.3 Asia Pacific
  • 5.11.4 IMPACT ON END-USE INDUSTRIES
    • 5.11.4.1 Automotive
    • 5.11.4.2 Industrial machinery and manufacturing
    • 5.11.4.3 Marine
    • 5.11.4.4 Aviation
    • 5.11.4.5 Metalworking and process

6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS

• 6.1 KEY TECHNOLOGIES
  • 6.1.1 SEPARATION PROCESS
    • 6.1.1.1 Solvent Extraction
    • 6.1.1.2 Dewaxing
    • 6.1.1.3 Hydrofinishing
• 6.2 COMPLEMENTARY TECHNOLOGIES
  • 6.2.1 CONVERSION PROCESS
    • 6.2.1.1 Hydrocracking
    • 6.2.1.2 Hydroisomerization
    • 6.2.1.3 Hydrotreating
• 6.3 TECHNOLOGY/PRODUCT ROADMAP
  • 6.3.1 SHORT-TERM (2025-2027) | PROCESS OPTIMIZATION & ENVIRONMENTAL COMPLIANCE
  • 6.3.2 MID-TERM (2027-2030) | INNOVATION & SUSTAINABLE TRANSFORMATION
  • 6.3.3 LONG-TERM (2030-2035+) | CIRCULARITY, DECARBONIZATION, AND NEW APPLICATIONS
• 6.4 PATENT ANALYSIS
  • 6.4.1 METHODOLOGY
• 6.5 FUTURE APPLICATIONS
  • 6.5.1 SMART & CONNECTED MACHINERY LUBRICANTS: AI-ENABLED PREDICTIVE MAINTENANCE
  • 6.5.2 BIO-BASED & CARBON-NEUTRAL BASE OILS: SUSTAINABLE FEEDSTOCK TRANSITION
  • 6.5.3 HIGH-PERFORMANCE ELECTRIC VEHICLE FLUIDS: ADVANCED COOLING & LUBRICATION FOR ELECTRIC MOBILITY
  • 6.5.4 PRECISION MANUFACTURING & ROBOTICS LUBRICANTS: ULTRA-CLEAN, HIGH-PERFORMANCE OILS
  • 6.5.5 CIRCULAR RE-REFINING SYSTEMS: CLOSED-LOOP SUSTAINABILITY IN LUBRICANTS
• 6.6 IMPACT OF GENERATIVE AI ON BASE OIL MARKET
  • 6.6.1 INTRODUCTION
    • 6.6.1.1 Operational efficiency and cost structure optimization
      • 6.6.1.1.1 Refinery and base oil production optimization
      • 6.6.1.1.2 Predictive maintenance and asset management
      • 6.6.1.1.3 Supply chain, logistics, and demand forecasting
    • 6.6.1.2 Digital simulation and scenario planning
    • 6.6.1.3 Innovation in formulation and product development
    • 6.6.1.4 Market analytics, pricing intelligence, and commercial strategy
    • 6.6.1.5 Challenges and adoption barriers

7 SUSTAINABILITY AND REGULATORY LANDSCAPE

• 7.1 REGULATORY LANDSCAPE
  • 7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 7.1.2 INDUSTRY STANDARDS
• 7.2 SUSTAINABILITY INITIATIVES
  • 7.2.1 CARBON IMPACT AND ECO-APPLICATIONS OF BASE OIL
    • 7.2.1.1 Carbon impact reduction
    • 7.2.1.2 Eco-applications
• 7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES
• 7.4 CERTIFICATIONS, LABELING, AND ECO-STANDARDS

8 CUSTOMER LANDSCAPE & BUYER BEHAVIOR

• 8.1 DECISION-MAKING PROCESS
• 8.2 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 8.2.2 BUYING CRITERIA
• 8.3 ADOPTION BARRIERS & INTERNAL CHALLENGES
• 8.4 UNMET NEEDS IN VARIOUS END-USE INDUSTRIES
• 8.5 MARKET PROFITABILITY
  • 8.5.1 REVENUE POTENTIAL
  • 8.5.2 COST DYNAMICS
  • 8.5.3 MARGIN OPPORTUNITIES IN KEY APPLICATIONS

9 BASE OIL MARKET, BY GROUP

• 9.1 INTRODUCTION
• 9.2 GROUP I
  • 9.2.1 HIGH SULFUR CONTENT TO AFFECT DEMAND
• 9.3 GROUP II
  • 9.3.1 RISING DEMAND FOR CLEANER AND COST-EFFICIENT LUBRICANTS TO DRIVE DEMAND
• 9.4 GROUP III
  • 9.4.1 SHIFT TOWARD FUEL-EFFICIENT AND LOW-VISCOSITY LUBRICANTS TO DRIVE DEMAND
• 9.5 GROUP IV
  • 9.5.1 HIGH VISCOSITY INDEX AND EXTREME TEMPERATURE PERFORMANCE TO DRIVE DEMAND
• 9.6 GROUP V
  • 9.6.1 INCREASING USE OF SPECIALTY AND BIO-BASED FORMULATIONS TO DRIVE DEMAND

10 BASE OIL MARKET, BY APPLICATION

• 10.1 INTRODUCTION
• 10.2 AUTOMOTIVE OIL
  • 10.2.1 INCREASING PRODUCTION OF VEHICLES IN EMERGING ECONOMIES TO DRIVE DEMAND
• 10.3 INDUSTRIAL OIL
  • 10.3.1 GROWING ELECTRICITY GENERATION CAPACITY TO DRIVE DEMAND FOR TURBINE AND TRANSFORMER OILS
• 10.4 METALWORKING FLUID
  • 10.4.1 GROWING METAL & MINING INDUSTRY TO DRIVE DEMAND
• 10.5 HYDRAULIC OIL
  • 10.5.1 RAPID URBANIZATION AND LARGE-SCALE INFRASTRUCTURE PROJECTS ACROSS REGIONS TO DRIVE DEMAND
• 10.6 GREASE
  • 10.6.1 APPLICATIONS WHERE LONG SERVICE LIFE, RESISTANCE TO WASHOUT, AND PROTECTION UNDER HIGH LOADS ARE CRITICAL TO DRIVE DEMAND
• 10.7 OTHERS

11 BASE OIL MARKET, BY TYPE

• 11.1 INTRODUCTION
• 11.2 MINERAL OIL
• 11.3 SYNTHETIC OIL
• 11.4 BIO-BASED OIL

12 BASE OIL MARKET, BY SALES CHANNEL

• 12.1 INTRODUCTION
• 12.2 OEM
• 12.3 AFTERMARKET

13 RE-REFINED BASE OIL MARKET

• 13.1 INTRODUCTION
• 13.2 TECHNOLOGY FOR RE-REFINED BASE OIL
• 13.3 ANALYSIS
  • 13.3.1 GLOBAL
  • 13.3.2 NORTH AMERICA
  • 13.3.3 EUROPE

14 BASE OIL MARKET, BY REGION

• 14.1 INTRODUCTION
• 14.2 ASIA PACIFIC
  • 14.2.1 CHINA
    • 14.2.1.1 Strong automobile production, expanding industrial base, and large-scale infrastructure development to drive growth
  • 14.2.2 JAPAN
    • 14.2.2.1 Growing demand from automotive sector to drive growth
  • 14.2.3 INDIA
    • 14.2.3.1 Growth in steel production, metal fabrication, and heavy engineering to drive growth
  • 14.2.4 SOUTH KOREA
    • 14.2.4.1 Investments in high-value manufacturing and export-oriented industries to drive growth
  • 14.2.5 INDONESIA
    • 14.2.5.1 Growth in mining, construction, and metal processing industries to fuel demand
  • 14.2.6 THAILAND
    • 14.2.6.1 Export-oriented manufacturing base to drive growth
  • 14.2.7 REST OF ASIA PACIFIC
• 14.3 EUROPE
  • 14.3.1 RUSSIA
    • 14.3.1.1 Resilient demand and integrated refining strength to drive market
  • 14.3.2 GERMANY
    • 14.3.2.1 Advanced refining, sustainability focus, and industrial strength to drive market
  • 14.3.3 FRANCE
    • 14.3.3.1 Regulatory alignment, industrial demand, and quality shift to boost market
  • 14.3.4 ITALY
    • 14.3.4.1 Industrial demand, import dependence, and sustainability trends to drive market
  • 14.3.5 UK
    • 14.3.5.1 Well-established lubricant blending and distribution network to drive market
  • 14.3.6 SPAIN
    • 14.3.6.1 Growth of lubricant consumption to drive market
  • 14.3.7 REST OF EUROPE
• 14.4 NORTH AMERICA
  • 14.4.1 US
    • 14.4.1.1 Strong demand from automotive and industrial lubricant applications to propel demand
  • 14.4.2 CANADA
    • 14.4.2.1 Expansion of manufacturing and industrial sectors to drive market
  • 14.4.3 MEXICO
    • 14.4.3.1 Expanding manufacturing activity to drive demand
• 14.5 MIDDLE EAST & AFRICA
  • 14.5.1 GCC COUNTRIES
    • 14.5.1.1 Saudi Arabia
      • 14.5.1.1.1 Focus on higher-performance and synthetic lubricants to drive growth
    • 14.5.1.2 Rest of GCC
  • 14.5.2 TURKEY
    • 14.5.2.1 Growth in construction, logistics, and energy-related activities to drive demand
  • 14.5.3 IRAN
    • 14.5.3.1 Growing activity across oil & gas, construction, and mining industries to drive demand
  • 14.5.4 REST OF MIDDLE EAST & AFRICA
• 14.6 SOUTH AMERICA
  • 14.6.1 BRAZIL
    • 14.6.1.1 Import-driven supply and automotive sector growth to drive market
  • 14.6.2 COLOMBIA
    • 14.6.2.1 Growth in industrial applications, including hydraulic fluids, metalworking oils, to drive demand
  • 14.6.3 ARGENTINA
    • 14.6.3.1 Growth of automotive and industrial activity and upgrades in lubricant quality to drive market
  • 14.6.4 REST OF SOUTH AMERICA

15 COMPETITIVE LANDSCAPE

• 15.1 INTRODUCTION
• 15.2 KEY PLAYERS' STRATEGIES/RIGHT TO WIN
• 15.3 REVENUE ANALYSIS, 2024
  • 15.3.1 KEY PLAYERS' REVENUE ANALYSIS
• 15.4 MARKET RANKING AND MARKET SHARE ANALYSIS, 2024
  • 15.4.1 RANKING OF KEY MARKET PLAYERS
  • 15.4.2 MARKET SHARE ANALYSIS
• 15.5 BRAND/PRODUCT COMPARISON
  • 15.5.1 CHEVRON CORPORATION
  • 15.5.2 EXXONMOBIL
  • 15.5.3 SAUDI ARABIAN OIL CO. (SAUDI ARAMCO)
  • 15.5.4 CHINA PETROCHEMICAL CORPORATION (SINOPEC)
  • 15.5.5 PETROCHINA COMPANY LIMITED
• 15.6 COMPANY VALUATION AND FINANCIAL METRICS
• 15.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 15.7.1 STARS
  • 15.7.2 EMERGING LEADERS
  • 15.7.3 PERVASIVE PLAYERS
  • 15.7.4 PARTICIPANTS
• 15.8 COMPANY FOOTPRINT: KEY PLAYERS, 2024
  • 15.8.1 COMPANY FOOTPRINT
  • 15.8.2 REGION FOOTPRINT
  • 15.8.3 TYPE FOOTPRINT
  • 15.8.4 GROUP FOOTPRINT
  • 15.8.5 APPLICATION FOOTPRINT
• 15.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 15.9.1 PROGRESSIVE COMPANIES
  • 15.9.2 RESPONSIVE COMPANIES
  • 15.9.3 DYNAMIC COMPANIES
  • 15.9.4 STARTING BLOCKS
• 15.10 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
  • 15.10.1 LIST OF KEY STARTUPS/SMES
  • 15.10.2 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
• 15.11 COMPETITIVE SCENARIO
  • 15.11.1 DEALS

16 COMPANY PROFILES

• 16.1 MAJOR PLAYERS
  • 16.1.1 CHEVRON CORPORATION
    • 16.1.1.1 Business overview
    • 16.1.1.2 Products offered
    • 16.1.1.3 Recent developments
      • 16.1.1.3.1 Deals
    • 16.1.1.4 MnM view
      • 16.1.1.4.1 Right to win
      • 16.1.1.4.2 Strategic choices
      • 16.1.1.4.3 Weaknesses and competitive threats
  • 16.1.2 EXXONMOBIL
    • 16.1.2.1 Business overview
    • 16.1.2.2 Products offered
    • 16.1.2.3 Recent developments
      • 16.1.2.3.1 Deals
    • 16.1.2.4 MnM view
      • 16.1.2.4.1 Right to win
      • 16.1.2.4.2 Strategic choices
      • 16.1.2.4.3 Weaknesses and competitive threats
  • 16.1.3 S-OIL CORPORATION
    • 16.1.3.1 Business overview
    • 16.1.3.2 Products offered
    • 16.1.3.3 MnM view
      • 16.1.3.3.1 Right to win
      • 16.1.3.3.2 Strategic choices
      • 16.1.3.3.3 Weaknesses and competitive threats
  • 16.1.4 MOTIVA ENTERPRISES LLC
    • 16.1.4.1 Business overview
    • 16.1.4.2 Products offered
    • 16.1.4.3 MnM view
      • 16.1.4.3.1 Right to win
      • 16.1.4.3.2 Strategic choices
      • 16.1.4.3.3 Weaknesses and competitive threats
  • 16.1.5 SK ENMOVE
    • 16.1.5.1 Business overview
    • 16.1.5.2 Products offered
    • 16.1.5.3 MnM view
      • 16.1.5.3.1 Right to win
      • 16.1.5.3.2 Strategic choices
      • 16.1.5.3.3 Weaknesses and competitive threats
  • 16.1.6 SAUDI ARABIAN OIL CO.
    • 16.1.6.1 Business overview
    • 16.1.6.2 Products offered
    • 16.1.6.3 Recent developments
      • 16.1.6.3.1 Deals
  • 16.1.7 ENEOS
    • 16.1.7.1 Business overview
    • 16.1.7.2 Products offered
  • 16.1.8 SHANDONG QINGYUAN GROUP CO., LTD.
    • 16.1.8.1 Business overview
    • 16.1.8.2 Products offered
  • 16.1.9 HINDUSTAN PETROLEUM CORPORATION LIMITED
    • 16.1.9.1 Business overview
    • 16.1.9.2 Products offered
  • 16.1.10 SHELL
    • 16.1.10.1 Business overview
    • 16.1.10.2 Products offered
  • 16.1.11 AVISTA OIL DEUTSCHLAND GMBH
    • 16.1.11.1 Business overview
    • 16.1.11.2 Products offered
  • 16.1.12 NYNAS AB
    • 16.1.12.1 Business overview
    • 16.1.12.2 Products offered
  • 16.1.13 REPSOL
    • 16.1.13.1 Business overview
    • 16.1.13.2 Products offered
  • 16.1.14 ERGON, INC.
    • 16.1.14.1 Business overview
    • 16.1.14.2 Products offered
    • 16.1.14.3 Recent developments
      • 16.1.14.3.1 Deals
  • 16.1.15 CALUMET, INC.
    • 16.1.15.1 Business overview
    • 16.1.15.2 Products offered
  • 16.1.16 CHINA PETROCHEMICAL CORPORATION/SINOPEC GROUP
    • 16.1.16.1 Business overview
    • 16.1.16.2 Products offered
  • 16.1.17 ADNOC
    • 16.1.17.1 Business overview
    • 16.1.17.2 Products offered
  • 16.1.18 PHILLIPS 66 COMPANY
    • 16.1.18.1 Business overview
    • 16.1.18.2 Products offered
  • 16.1.19 PETRONAS LUBRICANTS INTERNATIONAL
    • 16.1.19.1 Business overview
    • 16.1.19.2 Products offered
  • 16.1.20 ORLEN
    • 16.1.20.1 Business overview
    • 16.1.20.2 Products offered
  • 16.1.21 GS CALTEX CORPORATION
    • 16.1.21.1 Business overview
    • 16.1.21.2 Products offered
  • 16.1.22 H&R GROUP
    • 16.1.22.1 Business overview
    • 16.1.22.2 Products offered
  • 16.1.23 PETROCHINA COMPANY LIMITED
    • 16.1.23.1 Business overview
    • 16.1.23.2 Products offered
  • 16.1.24 PT PERTAMINA (PERSERO)
    • 16.1.24.1 Business overview
    • 16.1.24.2 Products offered
  • 16.1.25 FUCHS
    • 16.1.25.1 Business overview
    • 16.1.25.2 Products offered
  • 16.1.26 BAKER HUGHES COMPANY
    • 16.1.26.1 Business overview
    • 16.1.26.2 Products offered
• 16.2 OTHER PLAYERS
  • 16.2.1 FORMOSA PETROCHEMICAL CORPORATION
  • 16.2.2 HF SINCLAIR CORPORATION
  • 16.2.3 PBF ENERGY
  • 16.2.4 ROSNEFT
  • 16.2.5 TUPRAS
  • 16.2.6 CROSS OIL
  • 16.2.7 ENILIVE S.P.A.
  • 16.2.8 HAINAN HANDI SUNSHINE PETROCHEMICAL CO., LTD.

17 RESEARCH METHODOLOGY

• 17.1 RESEARCH DATA
  • 17.1.1 SECONDARY DATA
    • 17.1.1.1 List of key secondary sources
    • 17.1.1.2 Key data from secondary sources
  • 17.1.2 PRIMARY DATA
    • 17.1.2.1 Key data from primary sources
    • 17.1.2.2 List of primary interview participants (demand and supply sides)
    • 17.1.2.3 Key industry insights
    • 17.1.2.4 Breakdown of interviews with experts
• 17.2 DEMAND-SIDE ANALYSIS
• 17.3 MARKET SIZE ESTIMATION
  • 17.3.1 BOTTOM-UP APPROACH
  • 17.3.2 TOP-DOWN APPROACH
  • 17.3.3 SUPPLY-SIDE ANALYSIS OF BASE OIL MARKET
    • 17.3.3.1 Calculations for supply-side analysis
• 17.4 GROWTH FORECAST
• 17.5 DATA TRIANGULATION
• 17.6 FACTOR ANALYSIS
• 17.7 RESEARCH ASSUMPTIONS
• 17.8 RESEARCH LIMITATIONS
• 17.9 RISK ASSESSMENT

18 APPENDIX

• 18.1 DISCUSSION GUIDE
• 18.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 18.3 CUSTOMIZATION OPTIONS
• 18.4 RELATED REPORTS
• 18.5 AUTHOR DETAILS