The global process oil market is forecast to reach USD 6.25 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly due to demand for the rubbers polymers applications with the drastic incremental rise in the use of tires globally. The evolution of the manufacturing industries in the Asian developing regions has helped drive the process oil market broadly. The metal-cutting industries are one of the biggest participators of this market. The next-generation formulation of oils is hugely in demand throughout the forecast period.
The Asia Pacific region is forecasted to generate the highest revenue of USD 2.34 Billion in the year 2026, owing to its extensive market penetration due to the rise in the automotive tire industry coupled with the proliferation of the metal-working industries in India, and China.
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Key participants include Indian Oil Corporation Limited, ExxonMobil, Hindustan Petroleum Corporation Limited, Royal Dutch Shell PLC, Nynas AB, Behran Oil Company, HollyFrontier Refining Marketing LLC, Gulf Petroleum Limited, Panama Petrochem Ltd., and Idemitsu Kosan Co., Ltd.
Reasons for Buying this Report:
The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
The study provides pinpoint analysis for changing competitive dynamics.
The report helps readers in understanding the product segments and their future growth.
Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
It helps make informed business decisions by having complete insights into the market and in-depth analysis of market segments.
PEST analysis of the market in the five major regions.
Key Questions Answered by the Report:
What market segment is expected to register the highest growth in the forecast period?
What are the risks and threats that are affecting the market?
Which region is expected to dominate other regions over the forecast period?
Who are the prominent players of the industry? What strategic business plans have they undertaken?
What are the key factors driving and restraining the growth of the market?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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For the purpose of this report, Reports and Data have segmented the global road marking materials market on the basis of the type, formulations, applications, and region:
Type Outlook (Revenue, USD Billion; 2016-2026)
- Naphthenic
- Paraffinic
- Aromatic
- Bio-Based
Formulation Outlook (Revenue, USD Billion; 2016-2026)
- Conventional
- Next Generation
Applications Outlook (Revenue, USD Billion; 2016-2026)
- Metalworking Industries
- Personal Care Products
- Defoaming Additives
- Textile Fabrics
- Cables Covering Adhesives
- Rubbers Polymers
- Printing Inks
- Others
Major Regions covered in the report:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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