The report, “Europe Base Oil Market, By Type (Group I, Group II, Group III, Group IV, and Group V), By Application (Automotive Oil, Industrial Oil, Metalworking Fluids, Hydraulic Oil, Greases, and Others), By Country – Global Forecast to 2020”, Europe base oil market is projected to reach USD 8.7 billion by 2020, at a CAGR of 1.3%.
Browse through the TOC of the Europe Base Oil Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Among types, Group I segment led the European base oil market in 2014
Among types, the Group I segment led the European base oil market in 2014, and accounted for a market share of 47.3%, in terms of volume. The Group III segment of the European base oil market is projected to grow at the highest CAGR during the forecast period. Group III is severely hydrocracked, so it is the purest base oil. This results in increased demand for Group III base oils in industrial and automotive applications.
Among applications, the automotive oil segment is leading the European base oil market
The automotive oil application segment led the European base oil market in 2014 and is projected to grow at the highest CAGR between 2015 and 2020. Increase in the demand for finished lubricants from various industries is among the factors fueling the growth of this segment.
Russia is leading the European base oil market
In terms of value, Russia led the European base oil market in 2014 and accounted for a market share of 20.6%. In terms of volume, the base oil market in Russia is expected to grow at the highest CAGR during the forecast period, 2015 to 2020. Presence of natural oil reserves and favorable demography are among the factors fueling the growth of the Russian base oil market during the forecast period.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at, based on the key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders, such as CEOs, directors, and marketing executives. Some of the leading players in this market are Royal Dutch Shell plc, Chevron Corporation, Neste Oil, AVISTA OIL AG, Nynas AB, and PETRONAS, among others.
Scope of the report: This research report categorizes the European base oil market on the basis of type, application, and country. It forecasts volume and revenue as well as analyzes trends in each of the submarkets.
On the basis of type: The European base oil market has been segmented on the basis of type into Group I, Group II, Group III, Group IV, and Group V.
On the basis of application: The European base oil market has been segmented on the basis of application into automotive oil, industrial oil, metalworking fluids, hydraulic oil, greases, and others.
On the basis of country: The European base oil market by country has been studied for countries, such as France, Germany, Italy, the U.K., Russia, and rest of Europe.
Brief information on research methodology for the report can be found in the report description provided on the website.
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