In a new report titled “Process Oil Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025),” our analysts have noted that the potential of significant growth exists in the Asia Pacific region. The demand for process oil has increased in APAC countries such as India, China and South Korea. As the market for process oil is consolidated, investments in product development by key manufacturers can create a significant opportunity for end-use industries. As a remarkable growth is observed in automotive demand, the demand for consumer products and other rubber processed products will also increase. We have also noticed that the APAC region especially China, India, Korea and Japan will contribute the largest volume in the global process oil market and this is expected to grow over the forecast period. Europe holds a good market share and provides good growth potential followed by North America. MEA and Latin America will collectively exhibit moderate growth. Besides the regional growth of the market, leading market players are increasing their manufacturing facilities and strengthening their R&D portfolio to fulfill the increasing market demand.
Forecast assumptions and market sizing
When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is anticipated to perform in future. We have considered the product-wise Weighted Average Selling Price (ASP) to deduce market values at a regional level. We have used the top-down approach to obtain market numbers, while bottom-up approach has been used to counter-validate the market estimations. Macroeconomic indicators such as GDP, manufacturing sector growth, global trade statistics and household final expenditure have been considered. All values for market size are in US$ Mn (US Dollar Million) and volume data is in units.
Global Market Study on Process Oil: Aromatic Product Type Segment to Hold Maximum Market Share During 2017-2025Buy Now
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