Press Releases

The global Naphthenic base oil market is expected to grow at a 3.85% CAGR during the forecast period. Naphthenic base oil is highly used in automotive lubricants and other applications where there is a need for high viscosity and a high degree of solvency. Naphthenic base oil contains little or no wax, excellent low-temperature properties, low aniline content, and is easy to formulate. Furthermore, it is used in the form of metalworking fluid in industries like medical, general machining, aeronautics, energy, etc., increased demand for synthetic oils from end-use industries, and increased adoption of naphthenic base oil in gear assembly, thereby driving the market demand for naphthenic base oil. In addition, the increased market demand for naphthenic base oil in lubricants for truck engines, increased adoption of hybrid and electric vehicles, and its compatibility with several systems like vacuum distillation and hydrotreatment will further accelerate the market growth of the naphthenic base oil industry. Nevertheless, the industry players are making a massive investment in R&D activities to enhance the quality of product and meet the increased consumer requirements.

The global naphthenic base oil market has been adversely impacted by the COVID-19 outbreak owing to the temporary shutdown of the businesses, stringent lockdowns, restrictions on travel and transportation, and supply chain disruptions, thereby hindering the market growth of the naphthenic base oil market. However, the market is anticipated to recover from the losses and offer innovative solutions to strive in the market.

Browse 53 market data Tables and 35 Figures spread through 175 Pages and in-depth TOC on " Naphthenic Base Oil Market by Type (35-60 SUS, 80-130 SUS, 200-300 SUS, 400-800 SUS, Above 1200 SUS), by Application (Process Oil, Electrical Oil, Metal Working, Industrial Lubes and Grease, Rubber Oil and Others), and Region - Global Forecast to 2028"

By application, electrical oil is expected to have substantial growth during the forecast period.

Hybrid vehicles like electric vehicles and solar power vehicles are replacing the normal vehicles run by petrol and thereby giving rise to the increasing demand for electrical oil. Furthermore, surge in investment by various governments in the energy & power sector will boost the market demand for electrical oil, thus promoting the naphthenic base oil market development.

Global Naphthenic Base Oil Market Segmentation Analysis

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“Asia-Pacific is anticipated to be the significant growth in the Naphthenic Base Oil market.”

Asia-Pacific is anticipated to have significant market growth opportunities in the naphthenic base oil industry owing to robust expansion of the automobile industry, increased disposable income, mounting sale of electric vehicles, and rising population of major economies will accelerate the market demand for the naphthenic base oil industry.  Moreover, there is increased demand for transportation needs of consumers that would increase the demand for automotive lubricants, thereby propelling the development of the naphthenic base oil market in the region.   

Some of the major players in the global Naphthenic Base Oil market include Ergon, Inc., Shell Plc, Nynas AB, Calumet Specialty Products Partners LP, Petrobras, Apar Industries, Petrochina Pvt limited, Argos International, Lubline and Eastern Petroleum Pvt Ltd.

Scope of the Report

Global Naphthenic Base Oil Market Coverage

Type Insight and Forecast 2016-2028

• 35-60 SUS
• 80-130 SUS
• 200-300 SUS
• 400-800 SUS
• Above 1200 SUS

Application Insight and Forecast 2016-2028

• Process Oil
• Electrical Oil
• Metal Working
• Industrial Lubes and Grease
• Rubber Oil
• Others

Geographical Segmentation

Naphthenic Base Oil Market by Region

North America

• By Type
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Type
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Type
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Type
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries