A recent report published by Infinium Global Research on the rubber process oil market provides an in-depth analysis of segments and sub-segments in the global as well as regional rubber process oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional rubber process oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global rubber process oil market. According to the report, the global rubber process oil market is projected to grow at a CAGR of 4.5% over the forecast period of 2019-2025.
Rubber process oil market pays an important role in improving fillers characteristics and diffusion of the flow of compounds in processing. It functions is a low-cost extender and works as a lubricant. Rubber process oil market is generally used to process and manufacture various rubber compounds. It is extracted or obtained from petroleum crude oil. Rubber process oil market enhances physical properties in vulcanization to minimize the end-product of rubber compounds.
The global rubber process oil market is primarily driven by the rising tire manufacturing companies and industry worldwide and the growing demand for tires in the automotive industry. Moreover, increasing demand for low-viscosity oils in the vehicles and rubber process oil market are compatibility with elastomer tires is expected to fuel the market growth in the near future. However, environmental trouble due to the usage of non-biodegradable products is expected to hinder the demand for the global rubber process oil market. Nonetheless, Rising demand, as well as the need for green rubber process oil markets worldwide is anticipated to create a new opportunity for the global rubber process oil market.
On the basis of region, the global rubber process oil market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific held the largest revenue share for the global rubber process oil market in 2018 owing to rising sales of automobiles in various developing countries of the region and rising demand from China and India in the flourishing tire market. The rising automotive industry in the region due to the large scale demand across the region is also a factor responsible for the regional market growth of the rubber process oil market. Europe is estimated to show significant growth over the forecast period well-developed automobile industry.
The report on the global rubber process oil market covers segments such as type and application. On the basis of type, the sub-markets include paraffinic, naphthenic, DAE, TDAE, MES, and RAE & TRAE. On the basis of application, the sub-markets include rubber processing, pharmaceuticals, polymer, consumer products, adhesives & sealants, paints & coatings, and others.
The report provides profiles of the companies in the market such as Royal Dutch Shell, Petronas Lubricants Belgium, Repsol S.A., Nynas AB, Chevron Corporation, ORGKHIM Biochemical Holding, and Hindustan Petroleum Corporation Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of rubber process oil market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.