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Rubber Process Oil Market by Type (Naphthenic, Paraffinic, Treated Distillate Aromatic Extract, DAE, MES, RAE and TRAE), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023

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Date: 03-Oct-2018
No. of pages: 135
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“In terms of value, the rubber process oil market is projected to grow at a CAGR of 4.1% from 2018 to 2023.”

The rubber process oil market is projected to grow from USD 1.91billion in 2018 to USD 2.33 billion by 2023, at a CAGR of 4.1%, from 2018 to 2023.The growth of the rubber process oil market can be attributed to the increased consumption of rubber process oils in the manufacturing of tires. The growing number of automobiles across the globe has contributed to the increasing demand for tires, thereby leading to the growth of the rubber process oil market. The increase in the sales of automobiles in the Asia Pacific region has led to rising demand for tires, thereby leading to the growth of the Asia Pacific rubber process oil market. Formulation and implementation of the European union directive banning the use of PCA (polycyclic aromatics) in tire manufacturing and increased use of soya bean oil as an alternative for rubber process oil in tire manufacturing are the key factors restricting the growth of the market.

“The TDAE type segment is projected to grow at the highest CAGR between 2018 and 2023.”

TDAE is projected to grow at the highest CAGR in terms of value between 2018 and 2023. The formulation and implementation of the regulations banning the use of DAE in the European region have led to an increase in the consumption of TDAE in the region.

“The Asia Pacific Rubber process oil market is projected to grow at the highest CAGR from 2018 to 2023.”

The Asia Pacific region is estimated to account for the largest share of the rubber process oil market in 2018. The growth of the Asia Pacific rubber process oil market can be attributed to increase in the sales of automobiles in the region that is expected to boost the consumption of rubber process oils in the tire and rubber market of the region. Various leading players have adopted the strategies of expansions, new product launches, and agreements, to meet the growing demand for rubber process oil.

The break-up of profiles of primary interviews for the report has been given below:


  • By Company Type: Tier 1—25%, Tier 2—35%, and Tier 3—40%

  • By Designation: CLevel—25%, DLevel—25%, and Others—50%

  • By Region: Asia Pacific—40%, Europe—25%, North America—22%, the Middle East & Africa—8%, and South America—5%


As a part of the qualitative analysis, this research study provides a comprehensive overview of the drivers, restraints, opportunities, and challenges in the rubber process oil market. It also discusses competitive strategies adopted by leading market players, such as Royal Dutch Shell plc (Netherlands), Chevron Corporation (US), Petronas Lubricants Belgium NV (Belgium), Nynas AB (Sweden), ORGKHIM Biochemical Holding (Russia), Repsol S.A. (Spain), and Hindustan Petroleum Corporation Limited (India) are among others in the rubber process oil market.

Research Coverage

This report defines, segments, and projects the rubber process oil market based on type, end-use industry, and region. It strategically profiles key players and comprehensively analyzes the ranking of the leading market players. It also tracks and analyzes competitive developments, such as expansions, new product launches, and agreements in the rubber process oil market.

Reasons to Buy the Report

This report is expected to help market leaders/new entrants in this market by providing them the closest approximations of revenues of the rubber process oil market and its sub segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape, gain insights to enhance the position of their businesses, and enable them to make suitable go-to-market strategies. The report is expected to helps take holders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

Rubber Process Oil Market by Type (Naphthenic, Paraffinic, Treated Distillate Aromatic Extract, DAE, MES, RAE and TRAE), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Rubber Process Oil Market
4.2 Rubber Process Oil Market, By Type
4.3 Rubber Process Oil Market, By Region

5 Market Overview
5.1 Introduction
5.2 Regulations
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Tire Manufacturing Industry Across the Globe
5.3.1.2 Increasing Demand and Consumption of Rubber Process Oils in the Asia Pacific Region
5.3.1.3 Growing Use of Solution Styrene-Butadiene Rubber (S-Sbr) in Tires of Automobiles
5.3.2 Restraints
5.3.2.1 Formulation and Implementation of the European Union Directive Banning the Use of Polycyclic Aromatic Hydrocarbons in the Tire Manufacturing
5.3.2.2 Increased Use of Soybean Oil as an Alternative for Rubber Process Oil in Tire Manufacturing
5.3.3 Opportunities
5.3.3.1 Growing Demand for Low Viscosity Oils for Use in Vehicles
5.3.3.2 Increasing Demand for Green Rubber Process Oils Across the Globe
5.3.4 Challenges
5.3.4.1 Fluctuating Prices of Crude Oil
5.4 Porter’s Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Buyers
5.4.3 Threat of Substitutes
5.4.4 Threat of New Entrants
5.4.5 Intensity of Competitive Rivalry

6 Rubber Process Oil Market, By Type
6.1 Introduction
6.2 Treated Distillate Aromatic Extracted (TDAE)
6.3 Distillate Aromatic Extract
6.4 Mild Extracted Solvate
6.5 Residual Aromatic Extract (Rae) and Treated Residual Aromatic Extract (TRAE)
6.6 Paraffinic Rubber Process Oil
6.7 Naphthenic Rubber Process Oil

7 Rubber Process Oil Market, By Region
7.1 Introduction
7.2 Asia Pacific
7.2.1 China
7.2.2 China
7.2.3 India
7.2.4 Japan
7.2.5 Japan
7.2.6 South Korea
7.2.7 South Korea
7.2.8 Indonesia
7.2.9 Indonesia
7.2.10 Thailand
7.2.11 Thailand
7.2.12 Rest of Asia-Pacific
7.2.13 Rest of Asia-Pacific
7.3 North America
7.3.1 U.S.
7.3.2 U.S.
7.3.3 Canada
7.3.4 Canada
7.3.5 Mexico
7.3.6 Mexico
7.4 South America
7.4.1 Brazil
7.4.2 Brazil
7.4.3 Argentina
7.4.4 Argentina
7.4.5 Colombia
7.4.6 Colombia
7.4.7 Rest of South America
7.4.8 Rest of South America
7.5 Europe
7.5.1 Russia
7.5.2 Germany
7.5.3 Germany
7.5.4 U.K.
7.5.5 U.K.
7.5.6 France
7.5.7 France
7.5.8 Spain
7.5.9 Spain
7.5.10 Italy
7.5.11 Italy
7.5.12 Rest of Europe
7.5.13 Rest of Europe
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 Saudi Arabia
7.6.3 UAE
7.6.4 UAE
7.6.5 Iran
7.6.6 Iran
7.6.7 Rest of Middle East & Africa
7.6.8 Rest of Middle East & Africa

8 Competitive Landscape
8.1 Overview
8.2 Market Ranking of Key Players
8.3 Competitive Scenario
8.3.1 Expansions
8.3.2 New Product Launches
8.3.3 Agreements

9 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
9.1 Nynas Ab
9.2 Apar Industries Limited
9.3 Panama Petrochem Ltd.
9.4 Hollyfrontier Refining & Marketing LLC
9.5 Behran Oil Company
9.6 Gandhar Oil Refinery (India) Limited
9.7 Hindustan Petroleum Corporation Limited (HPCL)
9.8 Total S.A.
9.9 Indian Oil Corporation Limited
9.10 Unipetrol Group
9.11 Idemitsu Kosan Co., Ltd.
9.12 Repsol S.A.
9.13 Orgkhim Biochemical Holding
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
9.14 Other Key Players
9.14.1 CPC Corporation
9.14.2 Shell Global
9.14.3 Eagle Petrochem
9.14.4 Lodha Petro
9.14.5 WBF Pte Ltd.
9.14.6 Southwestern Petroleum Corporation
9.14.7 Cross Oil Refining & Marketing, Inc.
9.14.8 Source: Company Website And, Press Releases Kite International
9.14.9 Iranol
9.14.10 Vintrol Lubes Pvt. Ltd.
9.14.11 Petro Gulf FZC
9.14.12 Witmans Industries Pvt. Ltd.
9.14.13 Sterlite Lubricants Pvt. Ltd.
9.14.14 Gulf Petroleum Ltd.
9.14.15 Wellbank Global Pte Ltd.
9.14.16 Ergon North & South America

10 Appendix
10.1 Discussion Guide
10.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
10.3 Available Customizations
10.4 Related Reports
10.5 Author Details

List of Tables

Table 1 Rubber Process Oil Market Snapshot
Table 2 Car and Commercial Vehicles Production, By Country, 2017
Table 3 Rubber Process Oil Market, By Type, 2016–2023 (USD Million)
Table 4 Rubber Process Oil Market, By Type, 2016–2023 (Kilotons)
Table 5 TDAE Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 6 Dae Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 7 Dae Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 8 Dae Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 9 Mes Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 10 Mes Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 11 Rae & TRAE Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 12 Rae & TRAE Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 13 Paraffinic Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 14 Paraffinic Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 15 Naphthenic Rubber Process Oil Market, By Region, 2016–2023 (USD Million)
Table 16 Naphthenic Rubber Process Oil Market, By Region, 2016–2023 (Kilotons)
Table 17 Rubber Process Oil Market, By Region, 2016-2023 (Kiloton)
Table 18 Rubber Process Oil Market, By Region, 2016-2023 (USD Million)
Table 19 Asia Pacific: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 20 Asia Pacific: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 21 Asia Pacific: Rubber Process Oil Market, By Country, 2016-2023 (Kiloton)
Table 22 Asia Pacific: Rubber Process Oil Market, By Country, 2016-2023 (USD Million)
Table 23 China: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 24 China: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 25 India: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 26 India: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 27 Japan: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 28 Japan: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 29 South Korea: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 30 South Korea: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 31 Indonesia: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 32 Indonesia: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 33 Thailand: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 34 Thailand: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 35 Rest of Asia-Pacific: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 36 Rest of Asia-Pacific: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 37 North America: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 38 North America: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 39 North America: Rubber Process Oil Market, By Country, 2016-2023 (Kiloton)
Table 40 North America: Rubber Process Oil Market, By Country, 2016-2023 (Kiloton)
Table 41 U.S.: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 42 U.S.: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 43 Canada: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 44 Canada: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 45 Mexico: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 46 Mexico: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 47 South America: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 48 South America: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 49 South America: Rubber Process Oil Market, By Country, 2016-2023 (Kiloton)
Table 50 South America: Rubber Process Oil Market, By Country, 2016-2023 (USD Million)
Table 51 Brazil: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 52 Brazil: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 53 Argentina: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 54 Argentina: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 55 Colombia: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 56 Colombia: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 57 Rest of South America: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 58 Rest of South America: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 59 Europe: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 60 Europe: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 61 Europe: Rubber Process Oil Market, By Country, 2016-2023 (Kiloton)
Table 62 Europe: Rubber Process Oil Market, By Country, 2016-2023 (USD Million)
Table 63 Russia: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 64 Russia: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 65 Germany: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 66 Germany: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 67 U.K.: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 68 U.K.: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 69 France: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 70 France: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 71 Spain: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 72 Spain: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 73 Italy: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 74 Italy: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 75 Rest of Europe: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 76 Rest of Europe: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 77 Middle East & Africa: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 78 Middle East & Africa: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 79 Middle East & Africa: Rubber Process Oil Market, By Country, 2016-2023 (Kiloton)
Table 80 Middle East & Africa: Rubber Process Oil Market, By Country, 2016-2023 (USD Million)
Table 81 Saudi Arabia: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 82 Saudi Arabia: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 83 UAE: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 84 UAE: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 85 Iran: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 86 Iran: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 87 Rest of Middle East & Africa: Rubber Process Oil Market, By Type, 2016-2023 (Kiloton)
Table 88 Rest of Middle East & Africa: Rubber Process Oil Market, By Type, 2016-2023 (USD Million)
Table 89 Expansions, 2015–2018
Table 90 New Product Launches, 2015–2018
Table 91 Agreements, 2015–2018

List of Figures

Figure 1 Rubber Process Oil Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Rubber Process Oil Market: Data Triangulation
Figure 5 Based on Type, Naphthenic Segment Expected to Lead Rubber Process Oil Market Between 2018 and 2023
Figure 6 Asia Pacific Region Expected to Lead Rubber Prcess Oil Market in 2018
Figure 7 Increasing Demand for Rubber Process Oils By Global Tire Industry Offers Lucrative Growth Opportunities for Rubber Process Oil Market
Figure 8 Naphthenic Type Segment Expected to Lead Process Oil Market From 2018 to 2023
Figure 9 Asia Pacific Rubber Process Oil Market Expected to Grow at the Highest CAGR From 2018 to 2023
Figure 10 Rubber Process Oil Market Dynamics
Figure 11 Global Average Crude Oil Prices Per Barrel, 2010–2030
Figure 12 Rubber Process Oil Market: Porter’s Five Forces Analysis
Figure 13 Naphthenic Segment Expected to Lead Rubber Process Oil Market From 2018 to 2023
Figure 14 Asia Pacific TDAE Rubber Process Oil Market Projected to Grow at Highest CAGR From 2018 to 2023
Figure 15 Asia Pacific Region Projected to Lead the Dae Rubber Process Oil Market From 2018 to 2023
Figure 16 Asia Pacific Region Projected to Be the Largest Market for Mes From 2018 to 2023
Figure 17 Middle East & Africa Rae & TRAE Rubber Process Oil Market Projected to Grow at the Second-Highest CAGR From 2018 to 2023
Figure 18 Asia Pacific Paraffinic Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 19 Asia Pacific Naphthenic Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 20 Asia Pacific is the Leading Market in Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 21 Asia Pacific is the Leading Market in Rubber Process Oil Market Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 22 North America Rubber Process Oil Market
Figure 23 South America Rubber Process Oil Market
Figure 24 Europe Rubber Process Oil Market
Figure 25 Middle East & Africa Rubber Process Oil Market
Figure 26 Companies Adopted Organic and Inorganic Growth Strategies Between 2015 and 2018
Figure 27 Nynas AB Expected to Lead Rubber Process Oil Market in 2018
Figure 28 Nynas AB: Company Snapshot
Figure 29 Apar Industries Limited: Company Snapshot
Figure 30 Panama Petrochem Ltd: Company Snapshot
Figure 31 Gandhar Oil Refinery (India) Limited: Company Snapshot
Figure 32 Hindustan Petroleum Corporation Limited: Company Snapshot
Figure 33 Total S.A.: Company Snapshot
Figure 34 Indian Oil Corporation Limited: Company Snapshot
Figure 35 Unipetrol Group: Company Snapshot
Figure 36 Idemitsu Kosan Co., Ltd.: Company Snapshot
Figure 37 Repsol S.A.: Company Snapshot

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