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Specialties of Lube Oil Refinery Market Size | Forecast 2030
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Specialties of Lube Oil Refinery Market Size | Forecast 2030

Segments - Specialties of Lube Oil Refinery Market by Products (Fully Refined Wax, Microcrystalline Wax, Petrolatum, Rubber Process Oil, Semi Refined Wax, Slack Wax, White Oil, and Others), End-users (Cosmetics, Pharmaceuticals, Food and Packaging Industry, Plastic Industry, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-3948 | 4.4 Rating | 72 Reviews | 179 Pages | Format : PDF Excel PPT

Report Description


The global specialties of lube oil refinery market size is anticipated to expand at substantial CAGR of 1.8% and is projected to reach USD 11.3 billion during the forecast period, between 2021 and 2028.

Global Specialties Of Lube Oil Refinery Market Key Takeaways

Lube oil, called as lubricating oil, is thick fatty oil refined from crude oil that is used to reduce the friction between mechanical moving parts in contact with each other. Lubricating oil or transmission fluid is used in motorized vehicles that help machinery parts to work smoothly and properly. Crude oil is a complex mixture of different compounds made from carbon and hydrogen. Refining and processing of used oil is expected to reduce the negative environmental impact by removing impurities from it, help in energy conservation, and act as an energy source, such as used motor oil is used in petroleum products. There are different types of lubricating oil such as greases (used in linkages, bearing, chains, and gears), oil (sharpening of blades, bearing, tool maintenance, and hinges), penetrating lubricants (mainly used to cover the surface cracks), and dry lubricants (used in locks, hinges, printer’s rails, and threaded rods). Products included in the specialties of a lube oil refinery are fully refined wax, microcrystalline wax, petrolatum, rubber process oil, semi refined wax, slack wax, white oil, and others. These products are highly adopted in various applications such as packaging, skincare, cosmetics, pharmaceuticals, and others.

  • Growing demand for lube oil in various applications such as rubber processing, packaging, and candle manufacturing is driving the market.
  • Increasing per capita income of consumers that helps in changing consumer lifestyle is propelling the market.
  • Reduction in the supply of paraffin wax is hampering the global specialties of the lube oil market.
  • Availability of substitute products such as bio-based and synthetic products is hindering the market.
  • Ongoing research to develop lube oil and to improve white oil and petrolatum performance is creating opportunities in the market.
  • Rising adoption of various organic and inorganic productions strategies based on consumer requirements are generating opportunities in the market.

Scope of the report:

The report on the global specialties of lube oil refinery market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Specialties of Lube Oil Refinery Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Products (Fully Refined Wax, Microcrystalline Wax, Petrolatum, Rubber Process Oil, Semi Refined Wax, Slack Wax, White Oil, and Others), End-users (Cosmetics, Pharmaceuticals, Food and Packaging Industry, Plastic Industry, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

APAR Industries, DONGNAM Petroleum Ind. Co. Ltd, Eni S.p.A, Exxon Mobil Corporation, H&R GROUP, Industrial Raw Material LLC, Nippon Serio Co., Ltd, Nynas AB, PetroChina Company Limited, Repsol, Royal Dutch Shell plc, Sasol Limited, and The International Group, Inc

 

Specialties of Lube Oil Refinery Market Segment Insights:

High adoption of fully refined wax by manufacturers to drive the market

In terms of products, the specialties of lube oil refinery market is segmented into fully refined wax, microcrystalline wax, petrolatum, rubber process oil, slack wax, semi-refined wax, white oil, and others. The others segment is further segmented into anti-ozone wax, residue wax, and tender oils. The fully refined segment held a considerable share of the market in 2020, as it is widely adopted by manufacturers for making candles. Fully refined wax is highly used in the production of lipsticks, oily papers, chewing gums, cold creams, laxatives, chocolates, and ointments. Growing demand for fully refined wax is associated with its good moisturizing property and high purity levels. Moreover, the growing demand for fully refined wax by various industries such as food packaging, skincare, cosmetics, and pharmaceuticals is expected to help the segment to expand at significant CAGR during the forecast period.

Global Specialties Of Lube Oil Refinery Market Taxonomy

 Growing demand for white oil in cosmetics to drive the market

On the basis of end-users, the global specialties of lube oil refinery market is fragmented into cosmetics, pharmaceuticals, food and packaging industry, plastic industry, and others. The cosmetics segment is expected to hold a significant share of the market during the forecast period, due to the growing demand for white oil among household sectors. White oil medication is used as a moisturizer that helps to prevent dry, scaly, rough, minor skin irritation (skin burns and diaper rash), and itchy skin. The white oil cosmetic grade is refined and free from impurities. This oil is thin and clear and used in the formulation for aging, damaged skin, and other skin conditions, which is expected to boost the segment during the forecast period.

High demand for lube oil in Asia Pacific to drive the market

Based on regions, the global specialties of lube oil refinery market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, due to mergers and acquisitions conducted by key market players. North America and Europe held the maximum share of the global specialties of lube oil refinery market. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to growing purchasing power parity associated with increasing per capita income of consumers and changing consumer lifestyles. Growing population, increasing demand for refined lube oil by various industries such as candle manufacturing and rubber processing industries, and growing investments in research and development activities in Asia Pacific are creating opportunities in the market.

Global Specialties Of Lube Oil Refinery Market Regions

Segments

Segments Covered in the Report:

By Products

  • Fully Refined Wax
  • Microcrystalline Wax
  • Petrolatum
  • Rubber Process Oil
  • Semi Refined Wax
  • Slack Wax
  • White Oil
  • Others
By End-users
  • Cosmetics
  • Pharmaceuticals
  • Food and Packaging Industry
  • Plastic Industry
  • Others
By Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
By Key Players
  • APAR Industries
  • DONGNAM Petroleum Ind. Co. Ltd
  • Eni S.p.A
  • Exxon Mobil Corporation
  • H&R GROUP
  • Industrial Raw Material LLC
  • Nippon Serio Co., Ltd
  • Nynas AB
  • PetroChina Company Limited
  • Repsol
  • Royal Dutch Shell plc
  • Sasol Limited
  • The International Group, Inc

Competitive Landscape

Key players in the global specialties of lube oil refinery market include APAR Industries, DONGNAM Petroleum Ind. Co. Ltd, Eni S.p.A, Exxon Mobil Corporation, H&R GROUP, Industrial Raw Material LLC, Nippon Serio Co., Ltd, Nynas AB, PetroChina Company Limited, Repsol, Royal Dutch Shell plc, Sasol Limited, and The International Group, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Specialties Of Lube Oil Refinery Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialties of Lube Oil Refinery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Specialties of Lube Oil Refinery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Specialties of Lube Oil Refinery Market - Supply Chain
  4.5. Global Specialties of Lube Oil Refinery Market Forecast
     4.5.1. Specialties of Lube Oil Refinery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Specialties of Lube Oil Refinery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Specialties of Lube Oil Refinery Market Absolute $ Opportunity
5. Global Specialties of Lube Oil Refinery Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Specialties of Lube Oil Refinery Market Size and Volume Forecast by End Users
     5.3.1. Cosmetics
     5.3.2. Pharmaceuticals
     5.3.3. Food and Packaging Industry
     5.3.4. Plastic Industry
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Specialties of Lube Oil Refinery Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Specialties of Lube Oil Refinery Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Specialties of Lube Oil Refinery Demand Share Forecast, 2019-2026
7. North America Specialties of Lube Oil Refinery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Specialties of Lube Oil Refinery Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Specialties of Lube Oil Refinery Market Size and Volume Forecast by End Users
     7.4.1. Cosmetics
     7.4.2. Pharmaceuticals
     7.4.3. Food and Packaging Industry
     7.4.4. Plastic Industry
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Specialties of Lube Oil Refinery Demand Share Forecast, 2019-2026
8. Latin America Specialties of Lube Oil Refinery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Specialties of Lube Oil Refinery Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Specialties of Lube Oil Refinery Market Size and Volume Forecast by End Users
     8.4.1. Cosmetics
     8.4.2. Pharmaceuticals
     8.4.3. Food and Packaging Industry
     8.4.4. Plastic Industry
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Specialties of Lube Oil Refinery Demand Share Forecast, 2019-2026
9. Europe Specialties of Lube Oil Refinery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Specialties of Lube Oil Refinery Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Specialties of Lube Oil Refinery Market Size and Volume Forecast by End Users
     9.4.1. Cosmetics
     9.4.2. Pharmaceuticals
     9.4.3. Food and Packaging Industry
     9.4.4. Plastic Industry
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Specialties of Lube Oil Refinery Demand Share Forecast, 2019-2026
10. Asia Pacific Specialties of Lube Oil Refinery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Specialties of Lube Oil Refinery Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Specialties of Lube Oil Refinery Market Size and Volume Forecast by End Users
     10.4.1. Cosmetics
     10.4.2. Pharmaceuticals
     10.4.3. Food and Packaging Industry
     10.4.4. Plastic Industry
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Specialties of Lube Oil Refinery Demand Share Forecast, 2019-2026
11. Middle East & Africa Specialties of Lube Oil Refinery Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Specialties of Lube Oil Refinery Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Specialties of Lube Oil Refinery Market Size and Volume Forecast by End Users
     11.4.1. Cosmetics
     11.4.2. Pharmaceuticals
     11.4.3. Food and Packaging Industry
     11.4.4. Plastic Industry
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Specialties of Lube Oil Refinery Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Specialties of Lube Oil Refinery Market: Market Share Analysis
  12.2. Specialties of Lube Oil Refinery Distributors and Customers
  12.3. Specialties of Lube Oil Refinery Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. APAR Industries
     12.4.2. DONGNAM Petroleum Ind. Co. Ltd
     12.4.3. Eni S.p.A
     12.4.4. Exxon Mobil Corporation
     12.4.5. H&R GROUP
     12.4.6. Industrial Raw Material LLC
     12.4.7. Nippon Serio Co., Ltd

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