프로세스 오일 시장 규모, 점유율, 성장 분석 : 유형별, 기능별, 생산 기술별, 용도별, 지역별 - 업계 예측(2026-2033년)

Process Oil Market size was valued at USD 5.43 Billion in 2024 and is poised to grow from USD 5.55 Billion in 2025 to USD 6.55 Billion by 2033, growing at a CAGR of 2.1% during the forecast period (2026-2033).

Process oils play a crucial role as raw materials across various technical and chemical industries, driving global demand. Key sectors such as automotive and manufacturing rely on process oils for their remarkable flash points, thermal stability, efficiency, and viscosity, with the automotive sector utilizing them as lubricants in tire and rubber production. Additionally, the polymer industry depends on process oils for crafting durable and flexible plastics. However, market growth faces constraints due to fluctuations in crude oil prices, as process oils are derived from crude through distillation. As rising costs impact adoption, the market experiences challenges. A notable trend is the shift towards vehicle electrification and lightweight materials, fueled by environmental concerns and increasing electric vehicle production, boosting the need for process oils in battery manufacturing and chemical processes.

Top-down and bottom-up approaches were used to estimate and validate the size of the Process Oil market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Process Oil Market Segments Analysis

Global Process Oil Market is segmented by type, function, production technology, application and region. Based on type, the market is segmented into naphthenic, paraffinic, non-carcinogenic and aromatic. Based on function, the market is segmented into extender oil, plasticizer, solvent, defoamer and others. Based on production technology, the market is segmented into convention route, gas to liquid and bio-based. Based on application, the market is segmented into tire & rubber, polymer, personal care, textile and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Process Oil Market

The Process Oil market is significantly driven by its diverse applications across various industries, including automotive, plastics, textiles, and personal care, as it improves product processing and performance. Furthermore, sectors such as adhesives, sealants, paints, and coatings heavily rely on process oils, creating additional avenues for market growth. This widespread utilization underscores the increasing demand for process oils, which in turn fosters expansion within the global market. As industries continue to seek enhanced processing solutions, the role of process oils becomes increasingly vital, leading to a broadening of opportunities for both existing and emerging market players.

Restraints in the Process Oil Market

The Process Oil market faces several constraints due to its reliance on various industries. A slowdown in any of these sectors can lead to a decline in the demand for processed oil. Decreased industrial activities, coupled with reduced consumer spending, directly impacts products that utilize processed oil. Significant industries such as automotive, construction, and manufacturing have scaled back their operations, leading to diminished demand and investment. This contraction creates a ripple effect, further stifling the growth potential of the Process Oil market and hindering its overall expansion in response to evolving market dynamics.

Market Trends of the Process Oil Market

The growing trend of vehicle electrification significantly impacts the Process Oil market, as the automotive sector increasingly prioritizes the production of electric vehicles (EVs) and the use of lightweight materials to enhance fuel efficiency and reduce carbon emissions. This shift drives demand for specialized process oils, which are essential for manufacturing batteries, facilitating the processing of advanced lightweight materials, and lubricating electric motor components. By ensuring the efficiency, longevity, and performance of EV parts, process oils become integral to the transition towards sustainable automotive technologies, highlighting their pivotal role in supporting the evolving landscape of the automotive industry.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape

Global Process Oil Market Size by Type & CAGR (2026-2033)

• Market Overview
• Naphthenic
• Paraffinic
• Non-Carcinogenic
• Aromatic

Global Process Oil Market Size by Function & CAGR (2026-2033)

• Market Overview
• Extender Oil
• Plasticizer
• Solvent
• Defoamer
• Others

Global Process Oil Market Size by Production Technology & CAGR (2026-2033)

• Market Overview
• Convention Route
• Gas To Liquid
• Bio-Based

Global Process Oil Market Size by Application & CAGR (2026-2033)

• Market Overview
• Tire & Rubber
• Polymer
• Personal Care
• Textile
• Others

Global Process Oil Market Size & CAGR (2026-2033)

• North America (Type, Function, Production Technology, Application)
  • US
  • Canada
• Europe (Type, Function, Production Technology, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, Function, Production Technology, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, Function, Production Technology, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, Function, Production Technology, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Shell
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Exxon Mobil Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Totalenergies
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Idemitsu Kosan Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Petroliam Nasional Berhad (Petronas)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chevron Usa Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indian Oil Corporation Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gandhar Oil Refinery (India) Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hf Sinclair Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Behran Oil Co.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Orgkhim Biochemical Holding
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Repsol
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hindustan Petroleum Corporation Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Orlen Unipetrol
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Panama Petrochem Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nynas AB
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• H&R Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CPC Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Iranol Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ergon, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations