Global Residual Aromatic Extract Market Growth 2023-2029

Global Residual Aromatic Extract Market Growth 2023-2029

Residual Aromatic Extract (RAE) is a high viscosity aromatic process oil made from a residual oil fraction and is one kind of environmentally rubber process oil. It is used as extender oils in rubber and tyres.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Residual Aromatic Extract 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 Residual Aromatic Extract.

The global Residual Aromatic Extract market size is projected to grow from US$ 140.9 million in 2022 to US$ 162.1 million in 2029; it is expected to grow at a CAGR of 162.1 from 2023 to 2029.

Top 3 residual aromatic extract players in Global Market are Shell, H&R Gruop and Eni S.p.A, hold a share around 50%. Europe is the largest market, occupied for around 40 percent, followed around 35% market share for Asia-Pacific. In terms of application, tyre is the largest downstream market with a share about 90%.

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

Market Segmentation:

Segmentation by type
High Content Polycyclic Arematic Hydrocarbon(PAH)
Low Content Polycyclic Arematic Hydrocarbon(PAH)

Segmentation by application
Tyre
Non-Tyre

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.
Shell
H&R Group
Eni S.p.A.
Repsol
Orgkhim Biochemical Holdings
Total
HollyFrontier
IRPC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Residual Aromatic Extract market?

What factors are driving Residual Aromatic Extract market growth, globally and by region?

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

How do Residual Aromatic Extract market opportunities vary by end market size?

How does Residual Aromatic Extract 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.