Global Process Oil Market Growth 2025-2031

Global Process Oil Market Growth 2025-2031

The global Process Oil market size is predicted to grow from US$ 4743 million in 2025 to US$ 6144 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Process Oil Industry Forecast” looks at past sales and reviews total world Process Oil sales in 2024, providing a comprehensive analysis by region and market sector of projected Process Oil sales for 2025 through 2031. With Process Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Process Oil industry.

This Insight Report provides a comprehensive analysis of the global Process 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 Process Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Process Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Process 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 Process Oil.

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

Segmentation by Type:
Aromatic
Naphthenic
Paraffinic

Segmentation by Application:
Tire & Rubber
Polymer
Personal Care
Textile
Metalworking
Others

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 analysing the company's coverage, product portfolio, its market penetration.
Shell
Chevron Corporation
Nynas AB
APAR Industries
ExxonMobil
ORGKHIM Biochemical Holding
Behran Oil
Valvoline
Cepsa Lubricants
H&R KGaA
Eni Oil Products

Key Questions Addressed in this Report

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

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

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

How do Process Oil market opportunities vary by end market size?

How does Process Oil break out by Type, by Application?

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