Latest industry research report on Base Oil Market. Increasing usage of automotive oil for various lubricating applications in the automotive industry is among the factors expected to fuel the growth of this segment. Base oils help in reducing volatility of emulsions, thus leading to their stability. Stable emulsions are considered to be efficient for lubricating applications.
Base oils offer various properties, such as increased viscosity index, improved oxidative stability, low sulphur content, high level of saturation, and reduced volatility, among others. Due to these properties of base oils, there has been overall improvement in the performance of engine oils, and lubricating greases.
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Moreover, the increasing demand for base oils in the automotive oil applications is one of the major factors fueling the growth of the overall market, globally.
Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil have a high boiling point ranging between 550F to 1050F. Base oil can be either paraffinic or naphthenic in nature depending on the chemical structure of the molecules.
The report segments the base oil market on the basis of grade, application, and geography.
Market by Grade
- Group I
- Group II
- Group III
- Group IV
- Group V
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Market by Application
- Automotive Oil
- Industrial Oil
- Metalworking Fluids
- Hydraulic Oil
Market by Geography
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
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