Global Process Oils Market is Estimated to Reach $6.1 Billion by 2025, Says Accurize Market Research

Global Process Oils Market is Estimated to Reach $6.1 Billion by 2025, Says Accurize Market Research

Global Process Oils Market report published by Accurize Market Research forecast that the global market is expected to reach $6.1 billion by 2025; growing at a CAGR of 3.9% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

To browse the complete report, visit at  https://www.accurizemarketresearch.com/report/-process-oils-market

Rising demand for energy along with growing part of renewables in power generationacross the globe to drive the growth of the market

Huge demand of the process oil in the automotive sectorfuelsthe demand for the global process oils market. Furthermore, growing investments in the tire industry in several emerging countries also boost the growth of the market.

Market Segmentation

The global process oilsmarket has been bifurcated on the basis oftype, application, and geography. By type, the segmentation is given asnaphthenic, paraffinic, aromatic, and non-carcinogenic.By application, the segmentation is given astires & rubber, polymers, personal care products, textiles, and others.

By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Top players in the market

The key market players include Gazprom, GpPetroleums Ltd, Hindustan Petroleum Corp. Ltd., Hollyfrontier Lubricants and Specialty Products, Idemitsu Kosan Co. Ltd., Iranol Co, Jxtg Nippon Oil & Energy Corp, Lanxess Process Oil, NynasAb and Lukoilamong others.

 

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