Market Analysis and Insights: Global Industrial Oils Market
Industrial oils market is expected to reach USD 90.30 billion by 2027 growing at a growth rate of 5.20% in the forecast period 2020 to 2027. Increasing preferences towards bio-based oil usage will act as a factor for the industrial oils market in the forecast period of 2020- 2027.
Rising applications from biodiesel sector across the globe, increasing growth of various industries along with rapid industrialisation in the economy, rising usage of product in soaps, shampoos and other personal care products are some of the factors that will likely to enhance the growth of the industrial oils market in the forecast period of 2020-2027. On the other hand, adoption of vegetable oil in industrial applications will further boost various opportunities that will lead to the growth of the industrial oils market in the above-mentioned forecast period.
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High prices of raw material along with rising need of high capital investment will restrict the growth of the industrial oils market in the above-mentioned forecast period. Rising dependency on oil imports and new entry will become the biggest challenge in the growth of the market.
This industrial oils market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial oils market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Oils Market Scope and Market Size
Global Industrial oils market is segmented on the basis of source, type and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of source, the industrial oils market is segmented into soybean, palm, rapeseed, sunflower, corn, cottonseed, and others. Others have been further segmented into olive, safflower, copra, groundnut, linseed/flaxseed, and grape seed.
• Based on type, the industrial oils market is segmented into grade I (light), grade II (medium), and grade III (heavy).
• The industrial oils market is also segmented on the basis of end-use. The end-use is segmented into biofuel, paints & coating, cosmetics & personal care, pharmaceuticals, and others. Others have been further segmented into polymers, thermal, rubbers, agriculture, fillers, adhesives, and chemicals.
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Industrial Oils Market Country Level Analysis
Industrial oils market is analyses and market size, volume information is provided by country by source, type, and end-use as referenced above.
The countries covered in the industrial oils market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the industrial oils market due to the rising demand of biodiesel feedstock in the region while Asia-Pacific will expect to grow in the forecast period 2020 to 2027 because of rising usage of biodiesel due to their properties of purity, renewability and low pollution.
The country section of the industrial oils market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Industrial Oils Market Share Analysis
Industrial oils market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial oils market.
The major players covered in the industrial oils report are
Cargill, Incorporated.; Bunge Limited; Wilmar International Ltd; Klüber Lubrication München SE & Co. KG; Louis Dreyfus Company, ADM; Bühler AG; CHS Inc.; Ag Processing Inc; A&A Fratelli Parodi Spa; Gemtek Products; AAK KAMANI Pvt. Ltd.; Soya Mills S.A; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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