APAC Mineral Oils Market - Industry Trends and Forecast to 2030
Asia-Pacific mineral oils market is expected to reach USD 2,511,570.62 Thousand by 2030 from USD 1,740,155.23 Thousand in 2022, growing at a CAGR of 4.8% in the forecast period of 2023 to 2030
Market SegmentationAsia-Pacific Mineral Oils Market, By Class (Paraffinic Oil, Aromatic Oil and Naphthenic Oil), Grade (Industrial Grade, Pharmaceutical Grade, Cosmetic Grade and Food Grade), Application (Lubricants, Pharmaceuticals, Cosmetics & Personal Care, Food Industry, Electrical and Industrial, Tires/Rubbers, Agriculture, Polymers, Packaging, Textile, Adhesives, Coatings/Inks and Others), Country (China, India, Japan, South Korea, Indonesia, Australia, Thailand, Singapore, Philippines, New Zealand, Malaysia, Vietnam, Taiwan and Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Mineral Oils Market Dynamics
Driver• Emerging consumption of mineral oil in personal care and cosmetics products
• Rising adoption in pharmaceutical markets
• Positive outlook toward the lubricants industry
Restrain • Fluctuation in raw material prices
• Availability of substitutes
Opportunity• Novel applications of mineral oils in advanced battery system manufacturing
Market PlayersThe key players operating in the Asia-Pacific mineral oils market are
• Eastern Petroleum
• Shanghai Bojing Chemical Industry Co., Ltd
• ALLWIN TRADE SOLUTIONS
• Petro‐Canada Lubricants Inc.
• NANDAN PETROCHEM LTD,
• AP SAIGON PETRO
• Gandhar Oil Refinery (India) Limited
• Eni Benelux B.V.
• APAR Industries Limited
• Exxon Mobil Corporation
• Calumet Specialty Products Partners, L.P.
• LODHA Petro
• RENKERT OIL
• Cepsa
• LANXESS
• The International Group, Inc.
• CARMEL Industries
• H&R GROUP
• Indian Oil Corporation Ltd
• Unicorn.
• Adinath Chemicals
• savita.com
• Repsol
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