Process Oil Market : Industry Analysis and Forecast (2017-2024) _ by Type (Aromatic, Paraffinic, Naphthenic and Non-carcinogenic), by Application and by Geography

Process Oil Market is expected to reach USD 5.95 Billion by 2024 from USD 4.62 Billion in 2016 at a CAGR of 3.7%

The Process Oil Market based on type has been segmented into paraffinic, aromatic, naphthenic and non-carcinogenic, one of the major contributors in market is non-carcinogenic segment during the forecast period. Non-carcinogenic process oils are expansively used by tire manufacturers for manufacturing of Styrene-Butadiene Rubber .This market process oil improves abrasion resistance and rolling resistance of tires.

The market based on application has been segmented by tire & rubber, personal care, polymer, textile etc. During the forecast period tire & rubber segment is expected to have largest share of the market driven by increasing demand for manufacturing tires and rubbers for automobiles from emerging economies. Asia Pacific is expected one of the largest markets for process oil, during the forecast period driven by the growth of the tire and rubber industries in China and India

The report has comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the market. Report also includes market strategic analysis with respect to individual growth trends, future prospects. Key industry leaders and the C level staff in the key companies from the industry is interviewed to get their inputs about key trends in the market and the size and forecast.

Scope of the report:

Process Oil Market, by Type:
• Paraffinic
• Aromatic
• Naphthenic
• Non-carcinogenic

Process Oil Market, by Application:
• Tire & Rubber
• Personal Care
• Polymer
• Textile
• Others

Process Oil Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America