Process Oil Market by Type, Function , Production Technology ,
Application and Region - Global Forecast to 2027
Bharat Book Bureau Provides the Trending Industry Research Report on“Process Oil Market
by Type, Function , Production Technology , Application and Region - Global Forecast to
2027”under Chemical & Material Market Research Report. The report offers a collection of
superior Market research, Market analysis, competitive intelligence and Market reports.
The market size of Process Oil is estimated to grow from USD 4.8 billion in 2022 to USD 5.3
billion by 2027, at a CAGR of 2.1% during the forecast period. The process oil market is on
course for intense growth across different applications such as tire & rubber, polymer, personal
care, textile, and other applications.
“Tire & rubber was the leading application segment of process oil market in 2021”
By application, the tire & rubber segment was the largest in the process oil market, in 2021, in
terms of value. The growth of this segment can be attributed to the increase in demand for
process oils as carrier oils, plasticizers, dust control agents, and processing aids in the automotive
“Naphthenic type was the leading segment of process oil market in 2021”
By type, naphthenic segment was the largest in the process oil market, in 2021, in terms of value.
Naphthenic process oils are light-colored and non-staining compounds with properties such as
thermal stability and excellent compatibility with synthetic elastomers. These oils have greater
solvating power than paraffinic oils. They are highly stable at high temperatures and have low
“Asia Paific was the leading region of process oil market in 2021”
Asia Pacific is one of the major markets for naphthenic process oil, in terms of value. Asia
Pacific is the leader in the process oil market, and this dominance is expected to continue during
the forecast period as well. Key countries in the Asia Pacific process oil market include China,