naphthenic segment by product type is expected to expand at a CAGR of 3.2% in terms of value over the forecast period. In terms of market attractiveness, the aromatic process oil segment has an attractiveness index of 1.0, which indicates an incline towards high growth – high value between 2017 and 2025.
[UKPRwire, Mon Aug 26 2019] In a new report titled “Process Oil Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025),” our analysts have noted that the potential of significant growth exists in the Asia Pacific region. The demand for process oil has increased in APAC countries such as India, China and South Korea. As the market for process oil is consolidated, investments in product development by key manufacturers can create a significant opportunity for end-use industries. As a remarkable growth is observed in automotive demand, the demand for consumer products and other rubber processed products will also increase. We have also noticed that the APAC region especially China, India, Korea and Japan will contribute the largest volume in the global process oil market and this is expected to grow over the forecast period. Europe holds a good market share and provides good growth potential followed by North America. MEA and Latin America will collectively exhibit moderate growth. Besides the regional growth of the market, leading market players are increasing their manufacturing facilities and strengthening their R&D portfolio to fulfill the increasing market demand.
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When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is anticipated to perform in future. We have considered the product-wise Weighted Average Selling Price (ASP) to deduce market values at a regional level. We have used the top-down approach to obtain market numbers, while bottom-up approach has been used to counter-validate the market estimations. Macroeconomic indicators such as GDP, manufacturing sector growth, global trade statistics and household final expenditure have been considered. All values for market size are in US$ Mn (US Dollar Million) and volume data is in units.
We have taken a detailed overview of the global process oil market. The changing market dynamics of processed oil production has been taken into consideration to get a crystal clear picture of the overall market. The report also highlights key recent industry trends and developments, market strategies of key players and product offerings, market segmentation and market size in terms of volume and value. This report also consists of historical demand trends, oil market growth rate, the financial performance of top companies across the five regions, macro-economic indicators such as GDP and population growth, raw material production trends, raw material trade, the influence of increasing disposable income and raw material price trends. Besides, market definition, types and applications of process oil, demand and supply side drivers, restraints, opportunities, trends and other market influencing factors have been included in our exclusive report on the global process oil market.