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Report
Asia-Pacific Base Oil Market Forecast 2022-2030
Market Report I 2022-07-11 I 160 Pages I Inkwood Research
KEY FINDINGS
The Asia-Pacific base oil market is forecasted to grow with a CAGR of 3.54% in terms of revenue and 4.07% in terms of volume over the projected period of 2022 to 2030. Some of the key drivers ascribed to the region's market growth include the surging adoption as well as deployment of engine oil, greases, motor oil, and various other automotive lubricants derived from base oils, the rise in production and sales of automobiles in emerging nations, and the launch of innovative and advanced base oil products.
MARKET INSIGHTS
The Asia-Pacific base oil market growth assessment evaluates the study of Japan, India, Indonesia, South Korea, Australia & New Zealand, Malaysia, Thailand, China, and Rest of Asia-Pacific. There has been notable growth in the manufacture of automobiles across India over recent years. Aligning with this, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the overall manufacturing of cars and commercial vehicles in India reached over 4.399 million units in 2021, compared to 3.394 million units in 2022.
Such growth is further anticipated to increase over the upcoming years, thus fueling the demand for base oil products in order to achieve higher fuel efficiency as well as improved performance. On the other hand, key market players are also undertaking a diverse range of strategic initiatives, thus fortifying the demand and consumption of base oil in India. As a result, these factors are set to provide the Asia-Pacific base oil market with significant growth opportunities during the forecast period.
COMPETITIVE INSIGHTS
Key players operating in the market include GS Caltex Corporation, S-Oil Corporation, PT Pertamina, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASING DEMAND FOR HIGH-GRADE OILS IN THE AUTOMOTIVE INDUSTRY
3.1.2. DIVERSE RANGE OF APPLICATIONS ACROSS DIFFERENT END-USERS
3.1.3. STRINGENT ENVIRONMENTAL LEGISLATION LEADING TO STRICT PERFORMANCE STANDARDS
3.2. KEY RESTRAINTS
3.2.1. VOLATILITY IN CRUDE OIL PRICES
3.2.2. DECLINING DEMAND FOR GROUP I BASE OIL
4. KEY ANALYTICS
4.1. IMPACT OF COVID-19 ON BASE OIL MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
4.6.1. TYPE
4.6.2. VISCOSITY GRADE
4.6.3. OIL STANDARDS
4.6.4. PERFORMANCE
4.7. REGULATORY FRAMEWORK
5. MARKET BY GROUP (IN TERMS OF VALUE: $ MILLION & VOLUME: KILOTONS)
5.1. GROUP I
5.2. GROUP II
5.3. GROUP III
5.4. GROUP IV
5.5. GROUP V
6. MARKET BY APPLICATION (IN TERMS OF VALUE: $ MILLION & VOLUME: KILOTONS)
6.1. AUTOMOTIVE OIL
6.2. INDUSTRIAL OIL
6.3. METALWORKING FLUIDS
6.4. GREASES
6.5. HYDRAULIC OIL
6.6. OTHER APPLICATIONS
7. GEOGRAPHICAL ANALYSIS (IN TERMS OF VALUE: $ MILLION & VOLUME: KILOTONS)
7.1. ASIA-PACIFIC
7.1.1. MARKET SIZE & ESTIMATES
7.1.2. KEY GROWTH ENABLERS
7.1.3. KEY CHALLENGES
7.1.4. KEY PLAYERS
7.1.5. COUNTRY ANALYSIS
7.1.5.1. CHINA
7.1.5.2. JAPAN
7.1.5.3. INDIA
7.1.5.4. SOUTH KOREA
7.1.5.5. INDONESIA
7.1.5.6. THAILAND
7.1.5.7. MALAYSIA
7.1.5.8. AUSTRALIA & NEW ZEALAND
7.1.5.9. REST OF ASIA-PACIFIC
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. MERGERS & ACQUISITIONS
8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.3. PARTNERSHIPS & AGREEMENTS
8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
8.2.1. AVISTA OIL AG
8.2.2. ERGON INC
8.2.3. EXXON MOBIL CORPORATION
8.2.4. GRUPA LOTOS
8.2.5. GS CALTEX CORPORATION
8.2.6. NESTE OYJ
8.2.7. NYNAS AB
8.2.8. PHILLIPS 66 COMPANY
8.2.9. PT PERTAMINA (PERSERO)
8.2.10. REPSOL SA
8.2.11. SAUDI ARAMCO
8.2.12. SEPAHAN OIL
8.2.13. SHELL PLC
8.2.14. S-OIL CORPORATION
8.2.15. THE CHEVRON CORPORATION
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - BASE OIL
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: ASIA-PACIFIC BASE OIL MARKET, BY GROUP, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 4: ASIA-PACIFIC BASE OIL MARKET, BY GROUP, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 5: ASIA-PACIFIC BASE OIL MARKET, BY GROUP, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC BASE OIL MARKET, BY GROUP, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC BASE OIL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 8: ASIA-PACIFIC BASE OIL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 9: ASIA-PACIFIC BASE OIL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC BASE OIL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 12: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 13: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC BASE OIL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: LEADING PLAYERS OPERATING IN ASIA-PACIFIC BASE OIL MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: ASIA-PACIFIC BASE OIL MARKET, GROWTH POTENTIAL, BY GROUP, IN 2021
FIGURE 7: ASIA-PACIFIC BASE OIL MARKET, BY GROUP I, 2022-2030 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC BASE OIL MARKET, BY GROUP II, 2022-2030 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC BASE OIL MARKET, BY GROUP III, 2022-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC BASE OIL MARKET, BY GROUP IV, 2022-2030 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC BASE OIL MARKET, BY GROUP V, 2022-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC BASE OIL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 13: ASIA-PACIFIC BASE OIL MARKET, BY AUTOMOTIVE OIL, 2022-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC BASE OIL MARKET, BY INDUSTRIAL OIL, 2022-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC BASE OIL MARKET, BY METALWORKING FLUIDS, 2022-2030 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC BASE OIL MARKET, BY GREASES, 2022-2030 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC BASE OIL MARKET, BY HYDRAULIC OIL, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC BASE OIL MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC BASE OIL MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 20: CHINA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 21: JAPAN BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 22: INDIA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 23: SOUTH KOREA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: INDONESIA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: THAILAND BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: MALAYSIA BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 27: AUSTRALIA & NEW ZEALAND BASE OIL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: REST OF ASIA-PACIFIC BASE OIL MARKET, 2022-2030 (IN $ MILLION)
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