Process Oil Market worth 4.98 Billion USD by 2020 Process Oil Market worth 4.98 Billion USD by 2020

Process Oil Market worth 4.98 Billion USD by 2020

The report "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Others), by Application
(Tire & Rubber, Polymer, Personal Care, Textile, Others), by Region - Global Forecast to 2020"Growth
of various end user industries and increasing demand for finished lubricants from numerous industries
are the factors expected to drive this market during the forecast period. Published by
MarketsandMarkets the global process oil market is projected to reach USD 4.98 Billion by 2020, at a
CAGR of 2.5% from 2015 to 2020.

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Browse 62 market data Tables and 47 Figures spread through 231 Pages and in-depth TOC on "Process
Oil Market - Global Forecast to 2020"
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Among types, the naphthenic segment led the global process oil market in 2014
Among types, the naphthenic segment led the global process oil market in 2014 and accounted for the
maximum market share, in terms of volume. This segment is projected to grow at the highest CAGR
during the forecast period, 2015 to 2020.
Among applications, the tire & rubber segment led the global process oil market in 2014
The tire & rubber application segment led the global process oil market in 2014 and is projected to grow
at the highest CAGR between 2015 and 2020. The increasing concern for fuel efficiency and lower
energy consumption in the automotive sector are the factors driving growth of the tire & rubber
application segment of the global process oil market.
The Asia-Pacific region led the global process oil market in 2014
In terms of value, the Asia-Pacific region led the global process oil market in 2014 and accounted for the
largest market share. In terms of volume, the Asia-Pacific process oil market is expected to grow at the
highest CAGR during the forecast period, 2015 to 2020. Recently, various industries have shifted their