Global Lubricating Base Oil Market Growth 2023-2029

Global Lubricating Base Oil Market Growth 2023-2029

LPI (LP Information)' newest research report, the “Lubricating Base Oil Industry Forecast” looks at past sales and reviews total world Lubricating Base Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Lubricating Base Oil sales for 2023 through 2029. With Lubricating Base Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lubricating Base Oil industry.

This Insight Report provides a comprehensive analysis of the global Lubricating Base Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lubricating Base Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lubricating Base Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lubricating Base Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lubricating Base Oil.

The global Lubricating Base Oil market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Lubricating Base Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Lubricating Base Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Lubricating Base Oil is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Lubricating Base Oil players cover Exxon Mobil Corporation, Chevron Corporation, China Petroleum Corporation (Sinopec Group), Petroliam Nasional Berhad (Petronas), MOGoil GmbH, GS Caltex Corporation, Royal Dutch Shell Plc, PetroChina Company Limited and Philips 66 Company, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Lubricating Base Oil market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Mineral Base Oil
Synthetic Base Oil
Biological Base Oil

Segmentation by application
Low Viscosity Oil
High Viscosity Oil
Ultra High Viscosity Oil

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Exxon Mobil Corporation
Chevron Corporation
China Petroleum Corporation (Sinopec Group)
Petroliam Nasional Berhad (Petronas)
MOGoil GmbH
GS Caltex Corporation
Royal Dutch Shell Plc
PetroChina Company Limited
Philips 66 Company
S-Oil Corporation
SK Lubricants
Indian Oil
British Petroleum
Neste Oil

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lubricating Base Oil market?

What factors are driving Lubricating Base Oil market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lubricating Base Oil market opportunities vary by end market size?

How does Lubricating Base Oil break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.