Base Oil Market Trends, Regulations and Competitive Landscape Outlook to 2028 The market research report provides detailed analysis of market drivers, challenges, opportunity analysis, and trends, along with various key insights into the global optometry equipment market research report.
BriefingWire.com, 4/14/2021 - Facto Market Insights as of late distributed statistical surveying report on the worldwide Base Oil Market (2021-2028) market to its assortment of statistical surveying reports. The exploration report covers point by point examination of market measuring and anticipating of the market covering the market drivers, challenges, opportunity investigation, and patterns, alongside different key bits of knowledge in the worldwide market.
Base Oil Market Research Report by Group Type, by Type, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19 Base Oil Market Research Report by Group Type (Group I, Group II, Group III, Group IV, and Group V), by Type (Bio-based Oil, Mineral Oil, and Synthetic Oil), by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19
April 06, 2021 06:32 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, April 06, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Base Oil Market Research Report by Group Type, by Type, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19 - https://www.reportlinker.com/p06045494/?utm source=GNW
pmiFebruary 2, 2021
The report “
Global Base Oil Market, By Group (Group I, Group II, Group III, Group IV, Group V), By Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid) and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029”.
Key Highlights:
In May 2018, Chevron Corporation entered into an agreement with Novvi, LLC (US) through one of the divisions of its subsidiary Chevron U.S.A. Inc. for the development and commercialization of renewable base oil technologies.
In February 2017, Saudi Aramco launched its base oil marketing business to supply API Group I, II, and III base stocks. The Group I oils are offered under the DURA brand name, Group II under the PRIMA name, and Group III under the ULTRA brand name. Apart from streamlining its base oil strategy, this development helped establish the company as an active supplier in the base oil market.
Covid-19 Impact on Base Oil Market Size, Sales, Share and Forecasts by 2030
Base oil market was valued at ~US$ 34 Bn in 2019 and is anticipated to expand at a CAGR of ~2% during the forecast period, Rise in production and sale of automobiles is a major factor driving the global market
tmrFebruary 1, 2021
Base Oils Fortified with New Additive Combinations for Excellent Anti-wear Performance
There is a growing demand for ultra-high viscosity lubricants that are extensively used in heavily loaded, low speed open gears. This is evident since industrial oils are estimated to account for the second-highest revenue among all applications in the base oil market, where the global value is anticipated to reach ~