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Rubber Process Oil Market By Type (Naphthenic, TDAE, Paraffinic, MES, DAE, RAE & TRAE) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Name: Rubber Process Oil Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2022-10-19
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Rubber Process Oil Market

Summary
Table Of Content
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About this report

The global Rubber Process Oil Market report explores the critical analysis of the rubber process oil industry using key parameters. The report consists of investment strategies, the need for investments in the rubber process oil industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the rubber process oil industry and how economic and non-economic barriers are helping the market grow. Moreover, the report examines historic and forecasted market sizes at the global, regional, and country levels. The report also includes an in-depth analysis of key investment propositions, the demand and supply gap, competitor positioning, SRC analysis, STAR analysis, and Tornado analysis. Technological advancements and other analyses include Porter’s Five Forces, PESTEL, Value Chain, etc.

Automation & Process Control

Key Highlights of the report

How are the major segments performing in the Rubber Process Oil Market?

The Naphthenic segment led the market in terms of type in 2021 and is expected to continue throughout the projection period. The Naphthenic rubber process oil dominates the market due to its high thermal stability and compatibility with synthetic elastomers. It is a non-staining, light-colored compound. The treated distillate aromatic extract (TDAE) is a non-carcinogenic rubber process oil widely used due to its environmentally friendly properties.

Which region dominated the Rubber Process Oil Market?

The Asia Pacific dominated the global rubber process oil market in 2021 and is expected to maintain its dominance throughout the forecast period. The expansion of the Asia Pacific global rubber process oil market can be attributed to a rise in automobile sales in the region, which is expected to boost the global rubber process oils market in the region’s tire and rubber market. Several major players have implemented strategies for new product launches, expansions, and agreements to meet the rising regional demand for rubber process oil. China consumes about 40% of the world’s rubber production, making it the largest consumer and importer. India currently ranks sixth among countries that produce rubber and has one of the highest productivity rates.

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What is the competitive environment of the Rubber Process Oil Market?

The global market for rubber process oil is fragmented, with only a few major players dominating. Market players use mergers, acquisitions, partnerships, and new product development strategies to stay ahead of the competition and expand their market footprint. For instance, Total S.A completed the acquisition of Maersk Oil in March 2018 and issued 97 million new total shares for the benefit of A.P. Moller – Maersk in exchange for the contribution of Maersk Oil shares to Total S.A. On the other hand, Nynas introduced Nytex Bio 6200 in 2020, a bio-based rubber process oil (RPO) for tire manufacturers.

Executive Summary

What are all the technical developments in the Rubber Process Oil Market?

Growing demand for naphthenic oil and adopting new technologies are two new global process oil market trends. Most process oil manufacturers use naphthenic base oil as a primary ingredient in oil processing. The process oil industry has changed dramatically in recent years. Some key trends observed across the global process oil market value chain include the application of new and cutting-edge technologies to boost process oil throughput and the technical strategy of growing partnerships. Moreover, the rapidly rising demand for green rubber process oils, technological advancements in the production process of rubber process oil, and increasing R&D activities will create new opportunities for the rubber process oil industry over the forecast period.

Which are the key investments by the players in the Rubber Process Oil Market?

Companies are investing in developing better rubber process oil to increase revenue and gain a competitive advantage in the market. The rubber process oil market is fragmented due to limited global key players. Other players are investing in mergers, acquisitions, and joint ventures to ensure that their brand name appears on the list of competitors. Rising investments and a shift in focus by market players toward manufacturing biodegradable oils are other key trends in the global market.

Some of the major players in the market are Nynas AB, Repsol S.A., Chevron Corporation, Royal Dutch Shell plc, Petronas Lubricants Belgium NV, ORGKHIM Biochemical Holding, and Hindustan Petroleum Corporation Ltd.

What are the Major Driving Factors for the Rubber Process Oil Market?

Rapid growth in automobile sales and demand is expected to increase the consumption of rubber process oils in tires, causing subsequent growth in the rubber process oil market. Growing R&D activities, rising demand for natural-based products, expansion in the personal care industry, high output in polymer manufacturing, and the cost advantages of using process oil over conventional energy sources are some factors that will drive demand for rubber process oil over the forecast period. Rubber process oils are used when mixing rubber to help compounds increase the flow process of compounds and filler diffusions during the process. It also increases the bulk of the rubber, lowering costs.

What are the Major Risks for the Rubber Process Oil Market?

The major restraints to the global market growth are increasing raw material costs, implementing a European Union directive prohibiting polycyclic aromatic hydrocarbons in tire manufacturing, and growing environmental concerns about using non-biodegradable products. Due to shifting oil prices, major companies in the industry halted several oil exploration and production projects. Crude oil price fluctuations have an impact on the market. The market determines the price at which crude oil is sold, but the production costs are largely fixed, so upstream businesses suffer when crude oil prices change. Another factor that may impede market growth is the availability of substitutes, such as soybean oil used in tire manufacturing.

Which are the key Type in the Rubber Process Oil Market?

The Naphthenic type segment led the rubber process oil market in 2021. Naphthenic process oil is a non-staining, light-colored compound with excellent compatibility with synthetic elastomers. Naphthenic oil is made from natural and petroleum gas. It primarily comprises paraffinic hydrocarbons, with a trace of naphthene, cycloparaffins, aromatic compounds, and other compounds. The viscosities of naphthenic oils are low at room temperature and range from clear to straw in color. These characteristics make them suitable for melding items such as LPG tubes, slippers, and floor tiles. Due primarily to its low PCA content, naphthenic rubber process oil is becoming increasingly popular in North America and Europe.

How is the Rubber Process Oil Market performing in regions?

The Asia Pacific region dominated the global market for rubber process oils in 2021, owing to the rapidly increasing automobile sector sales and corresponding rises in tire consumption. Most tire manufacturers prefer to form alliances with local rubber process oil suppliers to ensure easy, convenient, and uninterrupted product supply. The high rate of consumption of rubber processing oil in automobile tire production, particularly in China, India, Taiwan, and Japan, will help this region maintain its dominance. The region’s gas, oil, and automotive industries use these rubber oils to produce sealants and adhesives used in houses and pipelines.

Besides, North America is expected to grow the fastest during the forecast period due to the product’s use in various end-use industries in the region, including automotive, construction, oil and gas, and pharmaceuticals. North America and other developed economies account for nearly 70% of naphthenic oil production. About 60% of the world’s naphthenic oil is consumed in North America alone. Manufacturers anticipate an increase in the use of processed oil from manufacturers in the coming years. The main reason for using naphthenic oil in North America is the region’s abundant supply of naphthenic base process oil.

What is the regulatory landscape for the Rubber Process Oil Market?

Rubber process oil enhances vulcanization’s physical properties, lowering the final product of rubber compounds. Its usability has increased due to its compatibility with most elastomer types. Environmental regulations imposed by various regulatory bodies are also fueling the growth of the rubber process oil market. For instance, the French government declared in 2017 that it would completely outlaw diesel and gasoline-powered cars and switch to electric cars by 2040 to meet zero-emission targets outlined in the Paris Climate Accord. The development and implementation of various regulations encouraging the production of environmentally friendly products is one factor that may work against the progress and expansion of the rubber process oil sector. Regulatory policies restricting hydrocarbons’ use would negatively impact rubber process oil consumption over the forecast period. Moreover, government-imposed emissions standards will reduce global demand for rubber process oil.

What is the Market Size of Rubber Process Oil regarding value?

The global rubber process oil market is anticipated to grow at a substantial CAGR of 4.3% in the upcoming years. The global rubber process oil industry was estimated to be worth USD 2.1 billion in 2021 and was expected to be worth USD 2.7 billion by 2028.

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What are the major players planning for the future of the Rubber Process Oil Market?

The benefits of rubber process oils, the growing number of tire manufacturing industries, and the growing demand for solution styrene-butadiene rubber (S-SBR) in automobile tires are driving the market. Several rubber process oil (RPO) providers are also planning to launch bio RPOs to meet the growing demand. For instance, Chevron introduced rubber process oils such as ParaLux 701, 1001, 2401, and 6001. Similarly, Brenntag offers rubber process oils such as Poweroil Process Oils. Besides, some tire manufacturers are shifting toward naphthenic RPOs, which have excellent execution and accessibility. In addition, several significant market participants in the global rubber process oil market are currently concentrating and planning to establish successful joint ventures, acquisitions, and collaborations to increase their future customer bases.

Segmentation of Global Rubber Process Oil Market –

Global Rubber Process Oil Market – By Type

Naphthenic
TDAE
Paraffinic
MES
DAE
RAE & TRAE

Global Rubber Process Oil Market – By Region

North America
- The U.S.
- Canada
Europe
- Germany
- France
- The U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Rubber Process Oil Market
2.2. Global Rubber Process Oil Market, By Type
2.3. Global Rubber Process Oil Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Rubber Process Oil Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID 19 Impact Analysis
6.1. Global Rubber Process Oil Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Rubber Process Oil Market
7.1. Global Rubber Process Oil Market, by Type, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Rubber Process Oil Market, By Type, 2021 vs 2028 (in%)
7.1.3. Global Rubber Process Oil Market, By Naphthenic, 2016-2028 (US$ Bn)
7.1.4. Global Rubber Process Oil Market, By TDAE, 2016-2028 (US$ Bn)
7.1.5. Global Rubber Process Oil Market, By Paraffinic, 2016-2028 (US$ Bn)
7.1.6. Global Rubber Process Oil Market, By MES, 2016-2028 (US$ Bn)
7.1.7. Global Rubber Process Oil Market, By DAE, 2016-2028 (US$ Bn)
7.1.8. Global Rubber Process Oil Market, By RAE & TRAE, 2016-2028 (US$ Bn)

8. North America Rubber Process Oil Market Analysis
8.1. North America Rubber Process Oil Market, by Type, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
8.2.1. U.S.
8.2.1.1. U.S. Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.2.1.2. U.S. Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
8.2.2. Canada
8.2.2.1. Canada Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.2.2.2. Canada Rubber Process Oil, By Type, 2016-2028 (US$ Bn)

9. Europe Rubber Process Oil Market Analysis
9.1. Europe Rubber Process Oil Market, by Type, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
9.2.1. Germany
9.2.1.1. Germany Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.2.1.2. Germany Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
9.2.2. France
9.2.2.1. France Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.2.2.2. France Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
9.2.3. UK
9.2.3.1. UK Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.2.3.2. UK Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
9.2.4. Italy
9.2.4.1. Italy Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.2.4.2. Italy Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
9.2.5. Spain
9.2.5.1. Spain Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.2.5.2. Spain Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
9.2.6. Rest of Europe
9.2.6.1. Rest of Europe Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.2.6.2. Rest of Europe Rubber Process Oil, By Type, 2016-2028 (US$ Bn)

10. Asia Pacific Rubber Process Oil Market Analysis
10.1. Asia Pacific Rubber Process Oil Market, by Type, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
10.2.1. China
10.2.1.1. China Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.2.1.2. China Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
10.2.2. Japan
10.2.2.1. Japan Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.2.2.2. Japan Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
10.2.3. India
10.2.3.1. India Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.2.3.2. India Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
10.2.4. South Korea
10.2.4.1. South Korea Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.2.4.2. South Korea Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
10.2.5. South-East Asia
10.2.5.1. South-East Asia Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.2.5.2. South-East Asia Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
10.2.6. Rest of Asia Pacific
10.2.6.1. Rest of Asia Pacific Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.2.6.2. Rest of Asia Pacific Rubber Process Oil, By Type, 2016-2028 (US$ Bn)

11. Latin America Rubber Process Oil Market Analysis
11.1. Latin America Rubber Process Oil Market, by Type, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
11.2.1. Brazil
11.2.1.1. Brazil Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.2.1.2. Brazil Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
11.2.2. Mexico
11.2.2.1. Mexico Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.2.2.2. Mexico Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
11.2.3. Rest of Latin America
11.2.3.1. Rest of Latin America Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.2.3.2. Rest of Latin America Rubber Process Oil, By Type, 2016-2028 (US$ Bn)

12. Middle East and Africa Rubber Process Oil Market Analysis
12.1. Middle East and Africa Rubber Process Oil Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
12.2.1. GCC Countries
12.2.1.1. GCC Countries Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.2.1.2. GCC Countries Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
12.2.2. South Africa
12.2.2.1. South Africa Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.2.2.2. South Africa Rubber Process Oil, By Type, 2016-2028 (US$ Bn)
12.2.3. Rest of Middle East and Africa
12.2.3.1. Rest of Middle East and Africa Rubber Process Oil Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.2.3.2. Rest of Middle East and Africa Rubber Process Oils, By Type, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Nynas AB (Sweden)
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Repsol S.A. (Spain)
13.3. Chevron Corporation (US)
13.4. Royal Dutch Shell plc (Netherlands)
13.5. Petronas Lubricants Belgium NV (Belgium)
13.6. ORGKHIM Biochemical Holding (Russia)
13.7. Hindustan Petroleum Corporation Ltd (India)
13.8. Others

List of Figures

FIG. 1 Global Rubber Process Oil Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Rubber Process Oil Market Segmentation
FIG. 4 Global Rubber Process Oil Market, by Type, 2021 (US$ Bn)
FIG. 5 Global Rubber Process Oil Market, by Geography, 2021 (US$ Bn)
FIG. 6 Attractive Investment Proposition, by Type, 2021
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Share Analysis of Key Rubber Process Oil Market Manufacturers, 2021
FIG. 9 Global Market Positioning of Key Rubber Process Oil Market Manufacturers, 2021
FIG. 10 Global Rubber Process Oil Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 11 Global Rubber Process Oil Market, by Naphthenic, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Rubber Process Oil Market, by TDAE, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Rubber Process Oil Market, by Paraffinic, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Rubber Process Oil Market, by MES, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Rubber Process Oil Market, by DAE, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Rubber Process Oil Market, by RAE & TRAE, Value, 2016-2028 (US$ Bn)
FIG. 17 U.S. Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 18 Canada Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 19 Germany Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 20 France Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 21 U.K. Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 22 Italy Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 23 Spain Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 24 Rest of Europe Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 25 China Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 26 Japan Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 27 India Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 28 South Korea Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 29 Southeast Asia Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 30 Rest of Asia Pacific Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 31 Latin America Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 32 Brazil Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 33 Mexico Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 34 Rest of Latin America Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 35 Middle East & Africa Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 36 GCC Countries Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 37 South Africa Rubber Process Oil Market, 2016-2028 (US$ Bn)
FIG. 38 Rest of Middle East and Africa Rubber Process Oil Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Rubber Process Oil Market
TABLE 2 Global Rubber Process Oil Market, by Competitive Benchmarking, 2021
TABLE 3 Global Rubber Process Oil Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Rubber Process Oil Market, by Key Strategies Analysis, 2021
TABLE 5 Global Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 Global Rubber Process Oil Market, by Geography, 2016-2028 (US$ Bn)
TABLE 7 North America Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 8 North America Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
TABLE 9 US Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 10 Canada Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 11 Europe Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 Europe Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
TABLE 13 Germany Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 14 France Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 15 UK Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 16 Italy Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 17 Spain Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Rest of Europe Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 19 Asia Pacific Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 20 Asia Pacific Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
TABLE 21 China Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 22 Japan Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 23 India Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 24 South Korea Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 25 South East Asia Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 26 Rest of Asia Pacific Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 27 Latin America Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 28 Latin America Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
TABLE 29 Brazil Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 30 Mexico Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 31 Rest of Latin America Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 32 Middle East and Africa Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 33 Middle East and Africa Rubber Process Oil Market, by Country, 2016-2028 (US$ Bn)
TABLE 34 GCC Countries Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 35 South Africa Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)
TABLE 36 Rest of Middle East and Africa Rubber Process Oil Market, by Type, 2016-2028 (US$ Bn)

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Frequently Asked Questions

How has COVID-19 impacted the global rubber process oil market?

The rubber process oil market also suffered from the COVID-19 pandemic, which resulted in a decline of over 1.8% in revenue generated in 2020.

Which is the leading market for rubber process oil?

The Asia Pacific accounted for the highest share of the global rubber process oil market in value and volume.

What are the key drivers for the growth of the rubber process oil market?

The consumption of rubber process oil in tire manufacturing is one of the major factors driving the global rubber process oil market. The growing number of automobiles on the road has increased tire demand, propelling the rubber process oil market. Process oil manufacturers are using naphthenic base oil as a key ingredient in the production of rubber oil.

Which is the major segment in the rubber process oil market by Type?

Naphthenic segment had a major share in 2021, with more than 45% of the market revenue share. Besides, the paraffinic segment is projected to witness the fastest growth.

What are the key restraints for the growth of the rubber process oil market?

Increased raw material costs, the implementation of a European Union directive prohibiting polycyclic aromatic hydrocarbons in tire manufacturing, and growing environmental concerns about using non-biodegradable products are the major restraints on global market growth.

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The Non-Alcoholic Beer Market size was valued at USD 19 million in 2024 and is projected to reach USD 34.4 million by 2032, expanding at a CAGR of 7.7% during the forecast period.

Non-Alcoholic RTD Beverages Market

The Non-Alcoholic RTD Beverages Market was valued at USD 760.6 million in 2024 and is anticipated to reach USD 1178 million by 2032, growing at a CAGR of 5.62% during the forecast period.

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Thank you for the data! The numbers are exactly what we asked for and what we need to build our business case.

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The report was an excellent overview of the Industrial Burners market. This report does a great job of breaking everything down into manageable chunks.

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Management Assistant, Bekaert

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