Europe Base Oil Market Forecast 2022-2030
KEY FINDINGS
The Europe base oil market is projected to record a CAGR of 3.02% in terms of revenue as well as 3.53% in terms of volume across the forecasted period of 2022 to 2030. Some of the key factors determining the regional market’s growth include the rising number of industries with an increased need for high-performance base oils, the expansion of the manufacturing sector, and the surge in production and sales of various automobiles like cars as well as commercial vehicles.
MARKET INSIGHTS
The Europe base oil market growth study constitutes the analysis of the United Kingdom, Germany, Nordic Countries, Italy, Spain, France, and Rest of Europe. The growth in the automobile sector in France, in addition to strategic initiatives taken by the players to strengthen the demand for base oil products, is a key driver fueling the country’s market growth.
On the other hand, as per the Organisation Internationale des Constructeurs d’Automobiles (OICA), France manufactured around 1.35 million units of cars as well as commercial vehicles in 2021, compared to 1.31 million units produced in the previous year. This notable growth in the automotive industry is anticipated to continue over the upcoming years, thus further increasing the demand as well as the adoption of different base oil products in France. As a result, these factors are set to strengthen the base oil market growth in Europe over the forecasted period.
COMPETITIVE INSIGHTS
Some of the top companies operating in the market are Avista Oil AG, Shell PLC, Neste Oyj, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Increasing Demand For High-grade Oils In The Automotive Industry
- 3.1.2. Diverse Range Of Applications Across Different End-users
- 3.1.3. Stringent Environmental Legislation Leading To Strict Performance Standards
- 3.2. Key Restraints
- 3.2.1. Volatility In Crude Oil Prices
- 3.2.2. Declining Demand For Group I Base Oil
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Base Oil Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Key Buying Criteria
- 4.6.1. Type
- 4.6.2. Viscosity Grade
- 4.6.3. Oil Standards
- 4.6.4. Performance
- 4.7. Regulatory Framework
- 5. Market By Group (In Terms Of Value: $ Million & Volume: Kilotons)
- 5.1. Group I
- 5.2. Group Ii
- 5.3. Group Iii
- 5.4. Group Iv
- 5.5. Group V
- 6. Market By Application (In Terms Of Value: $ Million & Volume: Kilotons)
- 6.1. Automotive Oil
- 6.2. Industrial Oil
- 6.3. Metalworking Fluids
- 6.4. Greases
- 6.5. Hydraulic Oil
- 6.6. Other Applications
- 7. Geographical Analysis (In Terms Of Value: $ Million & Volume: Kilotons)
- 7.1. Europe
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. United Kingdom
- 7.1.5.2. Germany
- 7.1.5.3. France
- 7.1.5.4. Spain
- 7.1.5.5. Italy
- 7.1.5.6. Nordic Countries
- 7.1.5.7. Rest Of Europe
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.1.4. Business Expansions & Divestitures
- 8.2. Company Profiles
- 8.2.1. Avista Oil Ag
- 8.2.2. Ergon Inc
- 8.2.3. Exxon Mobil Corporation
- 8.2.4. Grupa Lotos
- 8.2.5. Gs Caltex Corporation
- 8.2.6. Neste Oyj
- 8.2.7. Nynas Ab
- 8.2.8. Phillips 66 Company
- 8.2.9. Pt Pertamina (Persero)
- 8.2.10. Repsol Sa
- 8.2.11. Saudi Aramco
- 8.2.12. Sepahan Oil
- 8.2.13. Shell Plc
- 8.2.14. S-oil Corporation
- 8.2.15. The Chevron Corporation
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