The global base oil market size was valued at USD 24.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. About this report. Base oil is defined as the oil with a boiling point range between 550 and 1050 F. Base oil is extracted from heavy oil residue, which is obtained by refining of crude oil. Base Oil Market 2021. The report on Paraffinic Base Oil Market offers in-depth analysis of market trends, drivers, restraints, opportunities etc. If it is a synthetic oil and it is not PAO it is a group V base oil. Since then, the market and the challenges it is facing have changed dramatically, driven principally by the unprecedented disruption resulting from the COVID-19 virus. The type segment is classified into group I, II, III, IV, and V. Based on application, the market is divided into industrial oil, metalworking fluids, hydraulic oil, greases, and others. In an oil analysis test, the acid number is the concentration of acid in the oil, while the base number is the reserve of alkalinity in the oil. At the beginning of 2020 we released the first Base Oils Community Report, which sought to provide a platform for discussion, debate and analysis of the key challenges facing the industry. They include, among others, of naphthenic oils and esters. Since then, the market and the challenges it is facing have changed dramatically, driven principally by the unprecedented disruption resulting from the COVID-19 virus. Base Oil Report offers solutions to the entire base oil value chain, from refiners, suppliers, buyers and traders, agents, consultants, lubricant companies, professionals and logistic providers as well as any other entity of the base oil value chain. Amid the COVID-19 crisis, the global market for Base Oil estimated at US$40.3 Billion in the year 2020, is projected to reach a revised size of US$40.4 Billion by 2027, growing at a CAGR of 0% over the analysis period 2020-2027. Straits Research Market report Provides detailed analysis of the Base Oil market with Top Keyplayers, Product types, Application, geographical regions. It gives the supplier trends, global share, key profile and does a SWOT analysis of major base oil suppliers like Chevron Phillip, Exxon Mobil, Sinopec, LyondellBasell, etc. Base oil prices continued on an upward trek in Asia, but buyers have grown increasingly cautious regarding volumes and p ... - By Gabriela Wheeler . They are used to manufacture motor oil, metal fluids and lubricating grease due to its liquid viscosity at different temperatures. The resulting base oil is clear and colorless but also has a VI above 120. The very low sulfur content of our Base Oils makes them an ideal blend stock for modern Low SAPS (Low Sulfated Ash, Phosphorous, Sulfur) engine oil formulations. Markets covered. 05 – Industry-Leading Capacity and Flexibility. Covid-19 (coronavirus) has spread beyond China and our 2020 base case global oil demand forecast is cut by 1.1 mb/d. Report Scope: The global Base Oil market report scope includes detailed study covering underlying factors influencing the industry trends. Data for 2017 has been included as historical information. The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Report Overview. The report offers market forecast estimation for the global Base Oil Market till 2027. Group I, one of the segments analyzed in the report, is projected to record a 0.2% CAGR and reach US$9.6 Billion by the end of the analysis period. Global Base Oil Market is expected to grow at a CAGR of 2.1% from 2017 to 2025. Top Investment Pockets. The Petrosil Group is an independent and neutral commodity reporting agency and organizer of global industry conferences and exhibitions based in the UAE and India. We assume that oil demand returns to close to normal in 2H20. The Base Oils/Lubes Pricing report delivers daily and weekly price assessments, market news and analyses for the Asian base oils/lubes market. Weekly Petroleum Status Report Glossary: PDF: Top. It provides the Base Oil industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Finally, the Lubricant Base Oil Market report is the believable source for gaining the market research that will exponentially accelerate your business. In 1Q20, China’s demand falls by 1.8 mb/d y-o-y with global demand down 2.5 mb/d. Historical pricing data is also available. Whether you are a buyer, trader or seller, our pricing information gives you access to time-sensitive deals, offers/bids and price movements. Base Oil Market by Product (Group I, Group II, III, IV, V) and by Application (Industrial Oils, Process Oils, Automotive Oils, Metalworking Fluids, Hydraulic Oils etc.) We offer the following regional Base oils-Lubes analysis and news coverage to keep you informed of factors and developments affecting prices in the Base oils-Lubes marketplace. Base Oil Report India’s crude oil production fell for the sixth consequent year in 2017-18 to 35.68 million tonne, pushing the country’s import dependence for crude further to 82.8 per cent and dampening prospects for the centre’s plan to cut reliance on energy imports by 10 per cent through 2022. The report analyzes the global base oil market for the period from 2017 to 2026, wherein 2017 is considered the base year and the period from 2018 to 2026 the forecast period. In addition, it is more resistant to oxidation than Group I oils. Base Oil Report is a comprehensive marketplace for global base oil reporting and trading. Petrosil regularly organizes the foremost AMEA Bitumen, Base Oil, Lubes and Wax Conference and Exhibition for these global markets. In 2020, the total revenue of Valvoline was US$ XX Mn. Base-Oils market is estimated at USD XX Billion in 2017 and is projected to reach USD XX Billion by 2024, at a CAGR of XX% from 2017 to 2024. 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