Global Group II Base Oil Supply, Demand and Key Producers, 2023-2029

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Published Date: 22 Apr 2023

Category: Chemical & Material

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

The global Group II Base Oil market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

The surge in demand for premium oils in the automotive industry and around the world. Driven by increased industrial activity, the growth of the Asia-Pacific region ’s GDP has driven the growth of global markets. The favorable market opportunities of the BRIC countries (Brazil, Russia, India and China) and the growing demand for renewable energy are expected to drive market growth. During the forecast period, the market is expected to lead the market in terms of value and quantity. Group II base oils can be used in a variety of applications such as marine and natural gas engines, trunk piston engine oils, and other applications in the base oil industry.

This report studies the global Group II Base Oil production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Group II Base Oil, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Group II Base Oil that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Group II Base Oil total production and demand, 2018-2029, (Kiloton)
Global Group II Base Oil total production value, 2018-2029, (USD Million)
Global Group II Base Oil production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (Kiloton)
Global Group II Base Oil consumption by region & country, CAGR, 2018-2029 & (Kiloton)
U.S. VS China: Group II Base Oil domestic production, consumption, key domestic manufacturers and share
Global Group II Base Oil production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (Kiloton)
Global Group II Base Oil production by Type, production, value, CAGR, 2018-2029, (USD Million) & (Kiloton)
Global Group II Base Oil production by Application production, value, CAGR, 2018-2029, (USD Million) & (Kiloton)
This reports profiles key players in the global Group II Base Oil market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Chevron Corporation, Exxon Mobil Corporation, S-OIL Corporation, Motiva Enterprises LLC, SK innovation, AVISTA OIL AG and Nynas AB, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Group II Base Oil market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kiloton) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Group II Base Oil Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Group II Base Oil Market, Segmentation by Type
    Mineral
    Synthetic
    Bio-based

Global Group II Base Oil Market, Segmentation by Application
    Automotive Oil
    Industrial Oil
    Hydraulic Oil
    Grease
    Metalworking Fluid
    Others

Companies Profiled:
    Chevron Corporation
    Exxon Mobil Corporation
    S-OIL Corporation
    Motiva Enterprises LLC
    SK innovation
    AVISTA OIL AG
    Nynas AB

Key Questions Answered
1. How big is the global Group II Base Oil market?
2. What is the demand of the global Group II Base Oil market?
3. What is the year over year growth of the global Group II Base Oil market?
4. What is the production and production value of the global Group II Base Oil market?
5. Who are the key producers in the global Group II Base Oil market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Group II Base Oil Introduction
    1.2 World Group II Base Oil Supply & Forecast
        1.2.1 World Group II Base Oil Production Value (2018 & 2022 & 2029)
        1.2.2 World Group II Base Oil Production (2018-2029)
        1.2.3 World Group II Base Oil Pricing Trends (2018-2029)
    1.3 World Group II Base Oil Production by Region (Based on Production Site)
        1.3.1 World Group II Base Oil Production Value by Region (2018-2029)
        1.3.2 World Group II Base Oil Production by Region (2018-2029)
        1.3.3 World Group II Base Oil Average Price by Region (2018-2029)
        1.3.4 North America Group II Base Oil Production (2018-2029)
        1.3.5 Europe Group II Base Oil Production (2018-2029)
        1.3.6 China Group II Base Oil Production (2018-2029)
        1.3.7 Japan Group II Base Oil Production (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Group II Base Oil Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Group II Base Oil Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

2 Demand Summary
    2.1 World Group II Base Oil Demand (2018-2029)
    2.2 World Group II Base Oil Consumption by Region
        2.2.1 World Group II Base Oil Consumption by Region (2018-2023)
        2.2.2 World Group II Base Oil Consumption Forecast by Region (2024-2029)
    2.3 United States Group II Base Oil Consumption (2018-2029)
    2.4 China Group II Base Oil Consumption (2018-2029)
    2.5 Europe Group II Base Oil Consumption (2018-2029)
    2.6 Japan Group II Base Oil Consumption (2018-2029)
    2.7 South Korea Group II Base Oil Consumption (2018-2029)
    2.8 ASEAN Group II Base Oil Consumption (2018-2029)
    2.9 India Group II Base Oil Consumption (2018-2029)

3 World Group II Base Oil Manufacturers Competitive Analysis
    3.1 World Group II Base Oil Production Value by Manufacturer (2018-2023)
    3.2 World Group II Base Oil Production by Manufacturer (2018-2023)
    3.3 World Group II Base Oil Average Price by Manufacturer (2018-2023)
    3.4 Group II Base Oil Company Evaluation Quadrant
    3.5 Industry Rank and Concentration Rate (CR)
        3.5.1 Global Group II Base Oil Industry Rank of Major Manufacturers
        3.5.2 Global Concentration Ratios (CR4) for Group II Base Oil in 2022
        3.5.3 Global Concentration Ratios (CR8) for Group II Base Oil in 2022
    3.6 Group II Base Oil Market: Overall Company Footprint Analysis
        3.6.1 Group II Base Oil Market: Region Footprint
        3.6.2 Group II Base Oil Market: Company Product Type Footprint
        3.6.3 Group II Base Oil Market: Company Product Application Footprint
    3.7 Competitive Environment
        3.7.1 Historical Structure of the Industry
        3.7.2 Barriers of Market Entry
        3.7.3 Factors of Competition
    3.8 New Entrant and Capacity Expansion Plans
    3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World
    4.1 United States VS China: Group II Base Oil Production Value Comparison
        4.1.1 United States VS China: Group II Base Oil Production Value Comparison (2018 & 2022 & 2029)
        4.1.2 United States VS China: Group II Base Oil Production Value Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States VS China: Group II Base Oil Production Comparison
        4.2.1 United States VS China: Group II Base Oil Production Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Group II Base Oil Production Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States VS China: Group II Base Oil Consumption Comparison
        4.3.1 United States VS China: Group II Base Oil Consumption Comparison (2018 & 2022 & 2029)
        4.3.2 United States VS China: Group II Base Oil Consumption Market Share Comparison (2018 & 2022 & 2029)
    4.4 United States Based Group II Base Oil Manufacturers and Market Share, 2018-2023
        4.4.1 United States Based Group II Base Oil Manufacturers, Headquarters and Production Site (States, Country)
        4.4.2 United States Based Manufacturers Group II Base Oil Production Value (2018-2023)
        4.4.3 United States Based Manufacturers Group II Base Oil Production (2018-2023)
    4.5 China Based Group II Base Oil Manufacturers and Market Share
        4.5.1 China Based Group II Base Oil Manufacturers, Headquarters and Production Site (Province, Country)
        4.5.2 China Based Manufacturers Group II Base Oil Production Value (2018-2023)
        4.5.3 China Based Manufacturers Group II Base Oil Production (2018-2023)
    4.6 Rest of World Based Group II Base Oil Manufacturers and Market Share, 2018-2023
        4.6.1 Rest of World Based Group II Base Oil Manufacturers, Headquarters and Production Site (State, Country)
        4.6.2 Rest of World Based Manufacturers Group II Base Oil Production Value (2018-2023)
        4.6.3 Rest of World Based Manufacturers Group II Base Oil Production (2018-2023)

5 Market Analysis by Type
    5.1 World Group II Base Oil Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Mineral
        5.2.2 Synthetic
        5.2.3 Bio-based
    5.3 Market Segment by Type
        5.3.1 World Group II Base Oil Production by Type (2018-2029)
        5.3.2 World Group II Base Oil Production Value by Type (2018-2029)
        5.3.3 World Group II Base Oil Average Price by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Group II Base Oil Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Automotive Oil
        6.2.2 Industrial Oil
        6.2.3 Hydraulic Oil
        6.2.4 Grease
        6.2.5 Metalworking Fluid
        6.2.6 Others
    6.3 Market Segment by Application
        6.3.1 World Group II Base Oil Production by Application (2018-2029)
        6.3.2 World Group II Base Oil Production Value by Application (2018-2029)
        6.3.3 World Group II Base Oil Average Price by Application (2018-2029)

7 Company Profiles
    7.1 Chevron Corporation
        7.1.1 Chevron Corporation Details
        7.1.2 Chevron Corporation Major Business
        7.1.3 Chevron Corporation Group II Base Oil Product and Services
        7.1.4 Chevron Corporation Group II Base Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.1.5 Chevron Corporation Recent Developments/Updates
        7.1.6 Chevron Corporation Competitive Strengths & Weaknesses
    7.2 Exxon Mobil Corporation
        7.2.1 Exxon Mobil Corporation Details
        7.2.2 Exxon Mobil Corporation Major Business
        7.2.3 Exxon Mobil Corporation Group II Base Oil Product and Services
        7.2.4 Exxon Mobil Corporation Group II Base Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.2.5 Exxon Mobil Corporation Recent Developments/Updates
        7.2.6 Exxon Mobil Corporation Competitive Strengths & Weaknesses
    7.3 S-OIL Corporation
        7.3.1 S-OIL Corporation Details
        7.3.2 S-OIL Corporation Major Business
        7.3.3 S-OIL Corporation Group II Base Oil Product and Services
        7.3.4 S-OIL Corporation Group II Base Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.3.5 S-OIL Corporation Recent Developments/Updates
        7.3.6 S-OIL Corporation Competitive Strengths & Weaknesses
    7.4 Motiva Enterprises LLC
        7.4.1 Motiva Enterprises LLC Details
        7.4.2 Motiva Enterprises LLC Major Business
        7.4.3 Motiva Enterprises LLC Group II Base Oil Product and Services
        7.4.4 Motiva Enterprises LLC Group II Base Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.4.5 Motiva Enterprises LLC Recent Developments/Updates
        7.4.6 Motiva Enterprises LLC Competitive Strengths & Weaknesses
    7.5 SK innovation
        7.5.1 SK innovation Details
        7.5.2 SK innovation Major Business
        7.5.3 SK innovation Group II Base Oil Product and Services
        7.5.4 SK innovation Group II Base Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.5.5 SK innovation Recent Developments/Updates
        7.5.6 SK innovation Competitive Strengths & Weaknesses
    7.6 AVISTA OIL AG
        7.6.1 AVISTA OIL AG Details
        7.6.2 AVISTA OIL AG Major Business
        7.6.3 AVISTA OIL AG Group II Base Oil Product and Services
        7.6.4 AVISTA OIL AG Group II Base Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.6.5 AVISTA OIL AG Recent Developments/Updates
        7.6.6 AVISTA OIL AG Competitive Strengths & Weaknesses
    7.7 Nynas AB
        7.7.1 Nynas AB Details
        7.7.2 Nynas AB Major Business
        7.7.3 Nynas AB Group II Base Oil Product and Services
        7.7.4 Nynas AB Group II Base Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.7.5 Nynas AB Recent Developments/Updates
        7.7.6 Nynas AB Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Group II Base Oil Industry Chain
    8.2 Group II Base Oil Upstream Analysis
        8.2.1 Group II Base Oil Core Raw Materials
        8.2.2 Main Manufacturers of Group II Base Oil Core Raw Materials
    8.3 Midstream Analysis
    8.4 Downstream Analysis
    8.5 Group II Base Oil Production Mode
    8.6 Group II Base Oil Procurement Model
    8.7 Group II Base Oil Industry Sales Model and Sales Channels
        8.7.1 Group II Base Oil Sales Model
        8.7.2 Group II Base Oil Typical Customers

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Group II Base Oil Production Value by Region (2018, 2022 and 2029) & (USD Million)
    Table 2. World Group II Base Oil Production Value by Region (2018-2023) & (USD Million)
    Table 3. World Group II Base Oil Production Value by Region (2024-2029) & (USD Million)
    Table 4. World Group II Base Oil Production Value Market Share by Region (2018-2023)
    Table 5. World Group II Base Oil Production Value Market Share by Region (2024-2029)
    Table 6. World Group II Base Oil Production by Region (2018-2023) & (Kiloton)
    Table 7. World Group II Base Oil Production by Region (2024-2029) & (Kiloton)
    Table 8. World Group II Base Oil Production Market Share by Region (2018-2023)
    Table 9. World Group II Base Oil Production Market Share by Region (2024-2029)
    Table 10. World Group II Base Oil Average Price by Region (2018-2023) & (US$/Ton)
    Table 11. World Group II Base Oil Average Price by Region (2024-2029) & (US$/Ton)
    Table 12. Group II Base Oil Major Market Trends
    Table 13. World Group II Base Oil Consumption Growth Rate Forecast by Region (2018 & 2022 & 2029) & (Kiloton)
    Table 14. World Group II Base Oil Consumption by Region (2018-2023) & (Kiloton)
    Table 15. World Group II Base Oil Consumption Forecast by Region (2024-2029) & (Kiloton)
    Table 16. World Group II Base Oil Production Value by Manufacturer (2018-2023) & (USD Million)
    Table 17. Production Value Market Share of Key Group II Base Oil Producers in 2022
    Table 18. World Group II Base Oil Production by Manufacturer (2018-2023) & (Kiloton)
    Table 19. Production Market Share of Key Group II Base Oil Producers in 2022
    Table 20. World Group II Base Oil Average Price by Manufacturer (2018-2023) & (US$/Ton)
    Table 21. Global Group II Base Oil Company Evaluation Quadrant
    Table 22. World Group II Base Oil Industry Rank of Major Manufacturers, Based on Production Value in 2022
    Table 23. Head Office and Group II Base Oil Production Site of Key Manufacturer
    Table 24. Group II Base Oil Market: Company Product Type Footprint
    Table 25. Group II Base Oil Market: Company Product Application Footprint
    Table 26. Group II Base Oil Competitive Factors
    Table 27. Group II Base Oil New Entrant and Capacity Expansion Plans
    Table 28. Group II Base Oil Mergers & Acquisitions Activity
    Table 29. United States VS China Group II Base Oil Production Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 30. United States VS China Group II Base Oil Production Comparison, (2018 & 2022 & 2029) & (Kiloton)
    Table 31. United States VS China Group II Base Oil Consumption Comparison, (2018 & 2022 & 2029) & (Kiloton)
    Table 32. United States Based Group II Base Oil Manufacturers, Headquarters and Production Site (States, Country)
    Table 33. United States Based Manufacturers Group II Base Oil Production Value, (2018-2023) & (USD Million)
    Table 34. United States Based Manufacturers Group II Base Oil Production Value Market Share (2018-2023)
    Table 35. United States Based Manufacturers Group II Base Oil Production (2018-2023) & (Kiloton)
    Table 36. United States Based Manufacturers Group II Base Oil Production Market Share (2018-2023)
    Table 37. China Based Group II Base Oil Manufacturers, Headquarters and Production Site (Province, Country)
    Table 38. China Based Manufacturers Group II Base Oil Production Value, (2018-2023) & (USD Million)
    Table 39. China Based Manufacturers Group II Base Oil Production Value Market Share (2018-2023)
    Table 40. China Based Manufacturers Group II Base Oil Production (2018-2023) & (Kiloton)
    Table 41. China Based Manufacturers Group II Base Oil Production Market Share (2018-2023)
    Table 42. Rest of World Based Group II Base Oil Manufacturers, Headquarters and Production Site (States, Country)
    Table 43. Rest of World Based Manufacturers Group II Base Oil Production Value, (2018-2023) & (USD Million)
    Table 44. Rest of World Based Manufacturers Group II Base Oil Production Value Market Share (2018-2023)
    Table 45. Rest of World Based Manufacturers Group II Base Oil Production (2018-2023) & (Kiloton)
    Table 46. Rest of World Based Manufacturers Group II Base Oil Production Market Share (2018-2023)
    Table 47. World Group II Base Oil Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Table 48. World Group II Base Oil Production by Type (2018-2023) & (Kiloton)
    Table 49. World Group II Base Oil Production by Type (2024-2029) & (Kiloton)
    Table 50. World Group II Base Oil Production Value by Type (2018-2023) & (USD Million)
    Table 51. World Group II Base Oil Production Value by Type (2024-2029) & (USD Million)
    Table 52. World Group II Base Oil Average Price by Type (2018-2023) & (US$/Ton)
    Table 53. World Group II Base Oil Average Price by Type (2024-2029) & (US$/Ton)
    Table 54. World Group II Base Oil Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Table 55. World Group II Base Oil Production by Application (2018-2023) & (Kiloton)
    Table 56. World Group II Base Oil Production by Application (2024-2029) & (Kiloton)
    Table 57. World Group II Base Oil Production Value by Application (2018-2023) & (USD Million)
    Table 58. World Group II Base Oil Production Value by Application (2024-2029) & (USD Million)
    Table 59. World Group II Base Oil Average Price by Application (2018-2023) & (US$/Ton)
    Table 60. World Group II Base Oil Average Price by Application (2024-2029) & (US$/Ton)
    Table 61. Chevron Corporation Basic Information, Manufacturing Base and Competitors
    Table 62. Chevron Corporation Major Business
    Table 63. Chevron Corporation Group II Base Oil Product and Services
    Table 64. Chevron Corporation Group II Base Oil Production (Kiloton), Price (US$/Ton), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 65. Chevron Corporation Recent Developments/Updates
    Table 66. Chevron Corporation Competitive Strengths & Weaknesses
    Table 67. Exxon Mobil Corporation Basic Information, Manufacturing Base and Competitors
    Table 68. Exxon Mobil Corporation Major Business
    Table 69. Exxon Mobil Corporation Group II Base Oil Product and Services
    Table 70. Exxon Mobil Corporation Group II Base Oil Production (Kiloton), Price (US$/Ton), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 71. Exxon Mobil Corporation Recent Developments/Updates
    Table 72. Exxon Mobil Corporation Competitive Strengths & Weaknesses
    Table 73. S-OIL Corporation Basic Information, Manufacturing Base and Competitors
    Table 74. S-OIL Corporation Major Business
    Table 75. S-OIL Corporation Group II Base Oil Product and Services
    Table 76. S-OIL Corporation Group II Base Oil Production (Kiloton), Price (US$/Ton), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 77. S-OIL Corporation Recent Developments/Updates
    Table 78. S-OIL Corporation Competitive Strengths & Weaknesses
    Table 79. Motiva Enterprises LLC Basic Information, Manufacturing Base and Competitors
    Table 80. Motiva Enterprises LLC Major Business
    Table 81. Motiva Enterprises LLC Group II Base Oil Product and Services
    Table 82. Motiva Enterprises LLC Group II Base Oil Production (Kiloton), Price (US$/Ton), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 83. Motiva Enterprises LLC Recent Developments/Updates
    Table 84. Motiva Enterprises LLC Competitive Strengths & Weaknesses
    Table 85. SK innovation Basic Information, Manufacturing Base and Competitors
    Table 86. SK innovation Major Business
    Table 87. SK innovation Group II Base Oil Product and Services
    Table 88. SK innovation Group II Base Oil Production (Kiloton), Price (US$/Ton), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 89. SK innovation Recent Developments/Updates
    Table 90. SK innovation Competitive Strengths & Weaknesses
    Table 91. AVISTA OIL AG Basic Information, Manufacturing Base and Competitors
    Table 92. AVISTA OIL AG Major Business
    Table 93. AVISTA OIL AG Group II Base Oil Product and Services
    Table 94. AVISTA OIL AG Group II Base Oil Production (Kiloton), Price (US$/Ton), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 95. AVISTA OIL AG Recent Developments/Updates
    Table 96. Nynas AB Basic Information, Manufacturing Base and Competitors
    Table 97. Nynas AB Major Business
    Table 98. Nynas AB Group II Base Oil Product and Services
    Table 99. Nynas AB Group II Base Oil Production (Kiloton), Price (US$/Ton), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 100. Global Key Players of Group II Base Oil Upstream (Raw Materials)
    Table 101. Group II Base Oil Typical Customers
    Table 102. Group II Base Oil Typical Distributors
List of Figure
    Figure 1. Group II Base Oil Picture
    Figure 2. World Group II Base Oil Production Value: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Group II Base Oil Production Value and Forecast (2018-2029) & (USD Million)
    Figure 4. World Group II Base Oil Production (2018-2029) & (Kiloton)
    Figure 5. World Group II Base Oil Average Price (2018-2029) & (US$/Ton)
    Figure 6. World Group II Base Oil Production Value Market Share by Region (2018-2029)
    Figure 7. World Group II Base Oil Production Market Share by Region (2018-2029)
    Figure 8. North America Group II Base Oil Production (2018-2029) & (Kiloton)
    Figure 9. Europe Group II Base Oil Production (2018-2029) & (Kiloton)
    Figure 10. China Group II Base Oil Production (2018-2029) & (Kiloton)
    Figure 11. Japan Group II Base Oil Production (2018-2029) & (Kiloton)
    Figure 12. Group II Base Oil Market Drivers
    Figure 13. Factors Affecting Demand
    Figure 14. World Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 15. World Group II Base Oil Consumption Market Share by Region (2018-2029)
    Figure 16. United States Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 17. China Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 18. Europe Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 19. Japan Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 20. South Korea Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 21. ASEAN Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 22. India Group II Base Oil Consumption (2018-2029) & (Kiloton)
    Figure 23. Producer Shipments of Group II Base Oil by Manufacturer Revenue ($MM) and Market Share (%): 2022
    Figure 24. Global Four-firm Concentration Ratios (CR4) for Group II Base Oil Markets in 2022
    Figure 25. Global Four-firm Concentration Ratios (CR8) for Group II Base Oil Markets in 2022
    Figure 26. United States VS China: Group II Base Oil Production Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 27. United States VS China: Group II Base Oil Production Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Group II Base Oil Consumption Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. United States Based Manufacturers Group II Base Oil Production Market Share 2022
    Figure 30. China Based Manufacturers Group II Base Oil Production Market Share 2022
    Figure 31. Rest of World Based Manufacturers Group II Base Oil Production Market Share 2022
    Figure 32. World Group II Base Oil Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 33. World Group II Base Oil Production Value Market Share by Type in 2022
    Figure 34. Mineral
    Figure 35. Synthetic
    Figure 36. Bio-based
    Figure 37. World Group II Base Oil Production Market Share by Type (2018-2029)
    Figure 38. World Group II Base Oil Production Value Market Share by Type (2018-2029)
    Figure 39. World Group II Base Oil Average Price by Type (2018-2029) & (US$/Ton)
    Figure 40. World Group II Base Oil Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Figure 41. World Group II Base Oil Production Value Market Share by Application in 2022
    Figure 42. Automotive Oil
    Figure 43. Industrial Oil
    Figure 44. Hydraulic Oil
    Figure 45. Grease
    Figure 46. Metalworking Fluid
    Figure 47. Others
    Figure 48. World Group II Base Oil Production Market Share by Application (2018-2029)
    Figure 49. World Group II Base Oil Production Value Market Share by Application (2018-2029)
    Figure 50. World Group II Base Oil Average Price by Application (2018-2029) & (US$/Ton)
    Figure 51. Group II Base Oil Industry Chain
    Figure 52. Group II Base Oil Procurement Model
    Figure 53. Group II Base Oil Sales Model
    Figure 54. Group II Base Oil Sales Channels, Direct Sales, and Distribution
    Figure 55. Methodology
    Figure 56. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Companies Mentioned

Chevron Corporation
Exxon Mobil Corporation
S-OIL Corporation
Motiva Enterprises LLC
SK innovation
AVISTA OIL AG
Nynas AB

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Global Group II Base Oil Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Group II Base Oil Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

date 13 Jan 2024

date Chemical & Material

According to our (Global Info Research) latest study, the global Group II Base Oil market size was valued at USD 17380 million in 2023 and is forecast to a readjusted size of USD 26850 million by 2030 with a CAGR of 6.4% during review period.

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