Global paraffinic base oil market is estimated to grow considerably in the forecast period owing to the speedy industrialization of the developing economies. Paraffinic base oil is one of the most common types of crude oils, which is used as a lubricant in various applications. They are used in the manufacture of metal processing fluids, lubricating greases and motor oil. Paraffinic oil, aka kerosene is a highly refined mineral oil used for medical application and cosmetics. This oil has an exceptional oxidative, thermal stability and extreme temperature viscosity features.

The key drivers of paraffinic base oil market are increase in demand for vehicles on the global scale, rise in logistics and automobile business and increasing government investment in automotive sector. Increase in demand for vehicles is directly demanding lubricants, which accelerates the demand for paraffinic oil. Moreover, growing industrialization requires installation and operating of several machines and equipment, which ultimately drives the paraffinic base oil market. Additionally, rise in adoption of hybrid and electric vehicles is also propelling the market growth.

Rise in applications of paraffinic oil is an emerging trend in the market. Nonetheless, growing demand from various industries is an opportunity for the market players to improve their products and expand their customer base.

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Paraffinic base oil market is categorized on the basis of group, application, and geography. Based on group, market is divided into group I, group II, group III, group IV (PAO), group V, naphthenic, and re-refined. Group I is expected to lead the market in future. It includes (SN 150, BS 150, SN 250, SN 500, and others). However, group II, III, IV, V are expected to hold larger share of the market due to better efficiency offered in comparison to group I.

Based on application, market is divided into process oils, metalworking fluids, automotive fluids, hydraulic oils, industrial oils, and others. Automotive fluids segment is anticipated to lead the market due to increased applications in the automotive sector. These applications comprise engine oils, transmission oils, suspension fluids, brake fluids, grease and coolants. Automotive fluids are also used in defense industry in aircrafts, locomotives, and ships.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the market in the near future owing to increased demand from various industries and developments in industries. Europe is also expected to contribute significantly to the paraffinic base oil market due to the presence of large market players. Asia pacific is also expected to lead the market due to high adoption of base oils.

The leading players in paraffinic base oil market include Nynas AB, British Petroleum, China Petrochemical Corporation, Royal Dutch Shell Plc, The Phillips 66 Company, SK Lubricants Co. Ltd, ExxonMobil Corporation, PetroChina Company Limited, Chevron Corporation., and GS Caltex Corporation.

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This report researches the worldwide Paraffinic Base Oil market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.This study categorizes the global Paraffinic Base Oil breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Global Paraffinic Base Oil market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Paraffinic Base Oil.

Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology

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This report focuses on the top manufacturers' Paraffinic Base Oil capacity, production, value, price and market share of Paraffinic Base Oil in global market. The following manufacturers are covered in this report:

• Saudi Aramco
• Gazprom
• National Iranian
• ExxonMobil
• PetroChina
• BP
• Shell
• Pemex
• Chevron
• Kuwait Petroleum Corp.
• Daqing

Paraffinic Base Oil Breakdown Data by Type

• Semi Refined Paraffin Wax Oil
• Fully Refined Paraffin Wax Oil
• Other

Paraffinic Base Oil Breakdown Data by Application

• Kerosene
• Diesel
• Solvent Oil
• lubricating Oil
• Commodity Paraffin

Paraffinic Base Oil Production Breakdown Data by Region

• United States
• Europe
• China
• Japan
• Other Regions

The study objectives are:

• To analyze and research the global Paraffinic Base Oil capacity, production, value, consumption, status and forecast;
• To focus on the key Paraffinic Base Oil manufacturers and study the capacity, production, value, market share and development plans in next few years.
• To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Paraffinic Base Oil :

• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

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