Rubber Process Oils Market Size
| Study Period | 2018 - 2028 |
| Market Volume (2023) | 3.52 Million tons |
| Market Volume (2028) | 4.07 Million tons |
| CAGR (2023 - 2028) | 2.93 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rubber Process Oils Market Analysis
The Rubber Process Oils Market size is expected to grow from 3.52 million tons in 2023 to 4.07 million tons by 2028, at a CAGR of 2.93% during the forecast period (2023-2028).
Major factor driving the market studied is increasing demand from rubber processing. On the flip side, Volatility in raw material price and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Increasing demand of bio based rubber process oil is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Rubber process oil from rubber processing application is expected to dominate the market studied over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Rubber Process Oils Market Trends
This section covers the major market trends shaping the Rubber Process Oils Market according to our research experts:
Growing Demand of Rubber Process Oil from Rubber Processing
- Rubber Process Oils are used during mixing of rubber compounds and these help in improving the dispersion of fillers and flow characteristics of the compound during further processing.
- Rubber Process Oils are customised to specific requirements of various rubber products with respect to viscosity and aniline point, and are reputed for their consistent quality and prompt delivery schedules.
- Rubber process oil are used in rubber industries form raw material stage to finished products such as tyres, tube, battery cases, foot ware, mats, hoses.
- Growing usage of rubbers made products from industrial and automotive sector in developing economies is likely to boost the demand for rubber process oil in rubber processing.
- Hence, owing to the above-mentioned factors, the application of rubber process oil from rubber processing is likely to dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for rubber process oil during the forecast period. The rising demand of rubber process oil from rubber processing and growing application in automotive sector in developing countries like China, Japan and India is expected to drive the demand for rubber process oil in this region.
- The largest producers of rubber process oil are located in Asia-Pacific region. Some of the leading companies in the production of rubber process oil are Total, Chevron Intellectual Property LLC, Panama Petrochem Ltd, ORGKHIM Biochemical Holding, and Eagle Petrochem among others.
- Being a developing country, rapid industrialization is taking place in China, which has, in turn, led to a huge demand for rubber made products in various end-user industries.
- China was the world’s largest importer of rubber and the largest consumer of rubber, consuming around 40% of the total global output. India is currently the sixth largest producer of rubber in the world with one of the highest productivity .
- Owing to the above-mentioned factors, the market for rubber process oil in the Asia-Pacific region is projected to grow significantly during the study period.
Rubber Process Oils Industry Overview
The global rubber process oil market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are Total, Chevron Intellectual Property LLC,Panama Petrochem Ltd, ORGKHIM Biochemical Holding, and Eagle Petrochem among others.
Rubber Process Oils Market Leaders
Chevron Intellectual Property LLC
Panama Petrochem Ltd
ORGKHIM Biochemical Holding
Eagle Petrochem
Total
*Disclaimer: Major Players sorted in no particular order
Rubber Process Oils Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
Rubber Process Oils Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand of Rubber Process Oil from Rubber Procesing
4.1.2 Others
4.2 Restraints
4.2.1 Volatility in Raw Material Price
4.2.2 Impact of COVID - 19
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Aromatic
5.1.2 Paraffinic
5.1.3 Napthenic
5.1.4 Mild Extracted Solvent (MES)
5.1.5 Residual Aromatic Extracted Solvent (RAE)
5.1.6 Treated Distillate Aromatic Extracted Solvent (TDAE)
5.2 Application
5.2.1 Rubber Processing
5.2.2 Lubrication
5.2.3 Adhesive & Sealents
5.2.4 Polymer
5.2.5 Paints & Coatings
5.2.6 Pharmaceuticals
5.2.7 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Apar Industries Ltd
6.4.2 Chevron Intellectual Property LLC
6.4.3 CPC Corporation
6.4.4 Eagle Petrochem
6.4.5 Exxon Mobil Corporation
6.4.6 HollyFrontier Corporation
6.4.7 LODHA Petro
6.4.8 ORGKHIM Biochemical Holding
6.4.9 Panama Petrochem Ltd
6.4.10 Repsol
6.4.11 Sterlite Lubricants
6.4.12 Total
6.4.13 Witmans Industries Private Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Demand of Bio Based Rubber Processing Oil
7.2 Other Opportunities
Rubber Process Oils Industry Segmentation
The rubber process oil market report includes:
| Type | |
| Aromatic | |
| Paraffinic | |
| Napthenic | |
| Mild Extracted Solvent (MES) | |
| Residual Aromatic Extracted Solvent (RAE) | |
| Treated Distillate Aromatic Extracted Solvent (TDAE) |
| Application | |
| Rubber Processing | |
| Lubrication | |
| Adhesive & Sealents | |
| Polymer | |
| Paints & Coatings | |
| Pharmaceuticals | |
| Others |
| Geography | |||||||
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Rubber Process Oils Market Research FAQs
How big is the Rubber Process Oils Market?
The Rubber Process Oils Market size is expected to reach 3.52 million tons in 2023 and grow at a CAGR of 2.93% to reach 4.07 million tons by 2028.
What is the current Rubber Process Oils Market size?
In 2023, the Rubber Process Oils Market size is expected to reach 3.52 million tons.
Who are the key players in Rubber Process Oils Market?
Chevron Intellectual Property LLC, Panama Petrochem Ltd, ORGKHIM Biochemical Holding, Eagle Petrochem and Total are the major companies operating in the Rubber Process Oils Market.
Which is the fastest growing region in Rubber Process Oils Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2022-2028).
Which region has the biggest share in Rubber Process Oils Market?
In 2022, the Asia Pacific accounts for the largest market share in Rubber Process Oils Market.
Rubber Process Oils Industry Report
Statistics for the 2023 Rubber Process Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Rubber Process Oils analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
