Global Process Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Process Oil market size was valued at US$ 4892 million in 2024 and is forecast to a readjusted size of USD 6367 million by 2031 with a CAGR of 4.2% during review period.

Process Oils are oils derived from petroleum that can be used in various chemical and technical industries, as raw materials or to optimize tire manufacturing, technical rubbers and polymers. In addition, these oils can be used to make asphalt boards, inks, paints, cable products, and more. The Process Oil industry can be broken down into several segments, Naphthenic, Paraffinic, Aromatic.

The process oil market is undergoing significant development and change globally. As the market leader, Shell holds about 12% of the market share, far ahead of other competitors. Following closely behind is Nynas AB, showing strong competitiveness in this field. The Asia-Pacific region is currently the largest region in the process oil market, accounting for approximately 40% of the market share. The market leadership of this region is attributed to rapidly growing industrial demand and strong economic development. In contrast, although the North American market ranks second, its market share and growth potential are still significant in the global market. Overall, the market advantages of the Asia-Pacific region indicate the strong development trends and potential of the global process oil industry in this region.

In market segmentation, aromatic hydrocarbon type process oils account for the largest share, reaching about 50%. Aromatic hydrocarbon process oil has become a mainstream product on the market due to its excellent performance and wide range of applications, especially in the automotive, rubber and plastics industries. Aromatic hydrocarbons have excellent solubility and stability, allowing them to play a key role in several industrial applications. As technology advances and environmental regulations become increasingly stringent, the market demand for more environmentally friendly and efficient aromatic hydrocarbon process oils is also growing. This trend drives manufacturers to innovate to meet changing market demands and regulatory requirements.

In the downstream market, the personal care field is the largest consumer market, accounting for about 90% of the market share. Craft oils are used in a wide range of personal care products, including cosmetics, skin care products and shampoos. Demand for high-quality process oils in the personal care market continues to grow, primarily due to heightened consumer concerns about product performance and safety. In the future, with the improvement of living standards and the diversification of personal care needs, the application of process oils in this field will be further expanded.

This report is a detailed and comprehensive analysis for global Process Oil market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Process Oil market size and forecasts, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Process Oil market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Process Oil market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2020-2031

Global Process Oil market shares of main players, shipments in revenue ($ Million), sales quantity (K Tons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Process Oil

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Process Oil market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Shell, Chevron Corporation, Nynas AB, APAR Industries, ExxonMobil, ORGKHIM Biochemical Holding, Behran Oil, Valvoline, Cepsa Lubricants, H&R KGaA, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Process Oil market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Aromatic
Naphthenic
Paraffinic

Market segment by Application
Tire & Rubber
Polymer
Personal Care
Textile
Metalworking
Others

Major players covered
Shell
Chevron Corporation
Nynas AB
APAR Industries
ExxonMobil
ORGKHIM Biochemical Holding
Behran Oil
Valvoline
Cepsa Lubricants
H&R KGaA
Eni Oil Products

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Process Oil product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Process Oil, with price, sales quantity, revenue, and global market share of Process Oil from 2020 to 2025.

Chapter 3, the Process Oil competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Process Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Process Oil market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Process Oil.

Chapter 14 and 15, to describe Process Oil sales channel, distributors, customers, research findings and conclusion.