Europe Base Oil Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report anticipates the European base oil market to surge at a CAGR of 3.32% in revenue from 2022 to 2028. In terms of volume, the market is expected to reach a CAGR of 3.84% CAGR by 2028. France, Germany, the United Kingdom, Italy, Spain, and Rest of Europe are the countries included in this market.
The United Kingdom has a significant presence of renowned market players, such as Shell Plc, Avista Oil AG, and Phillips 66 Company, which is leading the market towards growth. These players devise various strategies to widen the scope of the base oil industry. For instance, Total Lubricants announced an expansion plan for developing and upgrading its blending plant site at Ferrybridge, in 2020. This plan included purchasing 4 acres of land to enhance the blending process and monitor its warehousing operations. Thus, such factors have boosted the demand for base oil products across wide industries, promoting the growth of this market.
In Germany, factors such as industrial growth and the resulting rise in manufacturing activities, along with product developments and the launch of various base oil products, are substantially driving the growth of the base oil market. According to statistics, the total revenue in the country’s manufacturing sector is anticipated to be $3,000 billion in 2022. Growth in manufacturing activities is expected to enhance the demand and adoption of various types of base oil products to ensure that various machines and components used in manufacturing industries operate smoothly and efficiently. Besides, a significant contribution by market players is also strengthening the base oil market in the country.
COMPETITIVE OUTLOOK
The leading players in the base oil market are Ergon Inc, Grupa Lotos, S-Oil Corporation, Nynas AB, Saudi Aramco, Sepahan Oil, Repsol SA, and Shell Plc.
- 1. Europe Base Oil Market - Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On The Base Oil Market
- 2.2. Key Insights
- 2.2.1. Rapid Industrialization Across The Globe
- 2.2.2. Increasing Demand For Hydraulic Oil
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Market Attractiveness Index
- 2.5. Vendor Scorecard
- 2.6. Key Market Strategies
- 2.6.1. Product Launches & Developments
- 2.6.2. Partnerships & Agreements
- 2.7. Market Drivers
- 2.7.1. Rising Demand For High-grade Oils From The Automotive Sector
- 2.7.2. Wide Range Of Applications Across Different End-users
- 2.7.3. Stringent Environmental Regulations Leading To Strict Performance Standards
- 2.8. Market Challenges
- 2.8.1. Volatility In The Price Of Crude Oil
- 2.8.2. Decrease In The Demand For Group I Base Oil
- 2.9. Market Opportunities
- 2.9.1. Increasing Popularity Of Renewable Base Oil
- 3. Europe Base Oil Market Outlook - By Group (In Terms Of Value: $ Million & Volume: Kiloton)
- 3.1. Group I
- 3.2. Group Ii
- 3.3. Group Iii
- 3.4. Group Iv
- 3.5. Group V
- 4. Europe Base Oil Market Outlook - By Application (In Terms Of Value: $ Million & Volume: Kiloton)
- 4.1. Automotive Oil
- 4.2. Industrial Oil
- 4.3. Greases
- 4.4. Hydraulic Oil
- 4.5. Metalworking Fluids
- 4.6. Other Applications
- 5. Europe Base Oil Market – Regional Outlook (In Terms Of Value: $ Million & Volume: Kiloton)
- 5.1. United Kingdom
- 5.2. Germany
- 5.3. France
- 5.4. Spain
- 5.5. Italy
- 5.6. Rest Of Europe
- 6. Competitive Landscape
- 6.1. Exxon Mobil Corporation
- 6.2. Chevron Corporation
- 6.3. Saudi Aramco
- 6.4. Shell Plc
- 6.5. Neste Oyj
- 6.6. Gs Caltex Corporation
- 6.7. Avista Oil Ag
- 6.8. Pt Pertamina (Persero)
- 6.9. Phillips 66 Company
- 6.10. Sepahan Oil
- 6.11. Ergon Inc
- 6.12. Grupa Lotos
- 6.13. Nynas Ab
- 6.14. S-oil Corporation
- 6.15. Repsol Sa
- 7. Research Methodology & Scope
- 7.1. Research Scope & Deliverables
- 7.2. Sources Of Data
- 7.3. Research Methodology
- Table List
- Table 1: Europe Base Oil Market, By Country Outlook, 2022-2028 (In $ Million)
- Table 2: Europe Base Oil Market, By Country Outlook, 2022-2028 (In Kiloton)
- Table 3: Vendor Scorecard
- Table 4: Europe Base Oil Market, By Group, 2022-2028 (In $ Million)
- Table 5: Europe Base Oil Market, By Group, 2022-2028 (In Kiloton)
- Table 6: Europe Base Oil Market, By Application, 2022-2028 (In $ Million)
- Table 7: Europe Base Oil Market, By Application, 2022-2028 (In Kiloton)
- Table 8: Europe Base Oil Market, By Country Outlook, 2022-2028 (In $ Million)
- Table 9: Europe Base Oil Market, By Country Outlook, 2022-2028 (In Kiloton)
- Figure List
- Figure 1: Market Attractiveness Index
- Figure 2: Europe Base Oil Market, By Group, 2021 & 2028 (In %)
- Figure 3: Europe Base Oil Market, By Group I, 2022-2028 (In $ Million)
- Figure 4: Europe Base Oil Market, By Group Ii, 2022-2028 (In $ Million)
- Figure 5: Europe Base Oil Market, By Group Iii, 2022-2028 (In $ Million)
- Figure 6: Europe Base Oil Market, By Group Iv, 2022-2028 (In $ Million)
- Figure 7: Europe Base Oil Market, By Group V, 2022-2028 (In $ Million)
- Figure 8: Europe Base Oil Market, By Application, 2021 & 2028 (In %)
- Figure 9: Europe Base Oil Market, By Automotive Oil, 2022-2028 (In $ Million)
- Figure 10: Europe Base Oil Market, By Industrial Oil, 2022-2028 (In $ Million)
- Figure 11: Europe Base Oil Market, By Greases, 2022-2028 (In $ Million)
- Figure 12: Europe Base Oil Market, By Hydraulic Oil, 2022-2028 (In $ Million)
- Figure 13: Europe Base Oil Market, By Metalworking Fluids, 2022-2028 (In $ Million)
- Figure 14: Europe Base Oil Market, By Other Applications, 2022-2028 (In $ Million)
- Figure 15: Europe Base Oil Market, Country Outlook, 2021 & 2028 (In %)
- Figure 16: United Kingdom Base Oil Market 2022-2028 (In $ Million)
- Figure 17: Germany Base Oil Market 2022-2028 (In $ Million)
- Figure 18: France Base Oil Market 2022-2028 (In $ Million)
- Figure 19: Spain Base Oil Market 2022-2028 (In $ Million)
- Figure 20: Italy Base Oil Market 2022-2028 (In $ Million)
- Figure 21: Rest Of Europe Base Oil Market 2022-2028 (In $ Million)
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook