Market Size of Rubber Process Oils Industry
| 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.
