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Base Oil Companies (2024 - 2029)

Numerous global companies, synonymous with corporations or firms, are leading the way in the oil and petrochemical sector. These enterprises, which include both national and multinational entities, cover a wide range of operations from extraction to refining, distribution and retail. The list comprises organizations from various parts of the world, demonstrating the global reach and impact of the industry. These establishments are not only pivotal in meeting the world's energy needs, but also play a significant role in the economies of their respective countries. Despite the push towards renewable energy, these corporations continue to hold significant influence in the global market.

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Team License

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Corporate License

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Top Companies in Base Oil Market

This report lists the top Base Oil companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Base Oil industry.

  1. Exxon Mobil Corporation

  2. Saudi Arabian Oil Co. (Aramco)

  3. PetroChina

  4. Chevron Corporation

  5. China Petrochemical Corporation (SINOPEC)

*Disclaimer: Top companies sorted in no particular order

Base Oil Market Major Players

Base Oil Market Concentration

Base Oil Market Concentration

Base Oil Company List

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rapid Industrialization in Asia-Pacific

      2. 4.1.2 Growing Automotive Production and Sales

    2. 4.2 Restraints

      1. 4.2.1 Declining Demand for Group I Base Oils

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Type

      1. 5.1.1 Group I

      2. 5.1.2 Group II

      3. 5.1.3 Group III

      4. 5.1.4 Group IV

      5. 5.1.5 Other Types (Group V and Bio-based Base Oils)

    2. 5.2 Application

      1. 5.2.1 Engine Oils

      2. 5.2.2 Transmission and Gear Oils

      3. 5.2.3 Metalworking Fluids

      4. 5.2.4 Hydraulic Fluids

      5. 5.2.5 Greases

      6. 5.2.6 Other Applications (Process Oils, Turbine Oil, Compressor Oil, Circulating Oils, etc.)

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Malayisa

        6. 5.3.1.6 Indonesia

        7. 5.3.1.7 Vietnam

        8. 5.3.1.8 Thailand

        9. 5.3.1.9 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Spain

        6. 5.3.3.6 NORDIC Countries

        7. 5.3.3.7 Turkey

        8. 5.3.3.8 Russia

        9. 5.3.3.9 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Colombia

        4. 5.3.4.4 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Egypt

        5. 5.3.5.5 Qatar

        6. 5.3.5.6 Nigeria

        7. 5.3.5.7 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ADNOC (Abu Dhabi National Oil Company)

      2. 6.4.2 Chevron Corporation

      3. 6.4.3 China Petrochemical Corporation (SINOPEC)

      4. 6.4.4 CNOOC Limited

      5. 6.4.5 Exxon Mobil Corporation

      6. 6.4.6 Formosa Petrochemical Corporation

      7. 6.4.7 Gazprom Neft PJSC

      8. 6.4.8 GS Caltex Corporation

      9. 6.4.9 Indian Oil Corporation Ltd

      10. 6.4.10 LUKOIL

      11. 6.4.11 Nynas AB

      12. 6.4.12 Petrobras

      13. 6.4.13 PetroChina

      14. 6.4.14 PETRONAS Lubricants International

      15. 6.4.15 Philips 66 Company

      16. 6.4.16 Repsol

      17. 6.4.17 Saudi Arabian Oil Co. (ARAMCO)

      18. 6.4.18 Sepahan Oil Company

      19. 6.4.19 Shandong Qingyuan Group Co. Ltd

      20. 6.4.20 Shell PLC

      21. 6.4.21 SK Innovation Co. Ltd

      22. 6.4.22 Total Energies

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovation in the Field of Renewable Base Oils

    2. 7.2 Recycling of Base Oils


Specific to Base Oil Market
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Competitive Landscape Report Includes

Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.

Base Oil Market Companies Summary

The base oil industry is characterized by a fragmented landscape, with several businesses holding marginal market shares, which individually do not significantly impact the market dynamics. These corporations span a wide range of sectors, including automotive, power, heavy equipment, metalworking, and chemicals, among others. They are engaged in various activities such as production, recycling, and innovation in the base oil market. A significant number of these firms are located in the Asia-Pacific region, which dominates the base oil market. These businesses are capitalizing on the increasing investments in the automobile sector in countries within this region. They have also been able to rebound from the decline in demand caused by the COVID-19 outbreak, thanks to the recovery of car manufacturing and production activities across various industries. Despite challenges such as fluctuations in crude oil prices and declining demand for Group I Base oils, these enterprises are poised to seize new opportunities through innovation in recycling base oils.

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Base Oil Companies - Table of Contents

  1. 1. COMPETITIVE LANDSCAPE

    1. 1.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 1.2 Market Share Analysis

    3. 1.3 Strategies Adopted by Leading Players

    4. 1.4 Company Profiles

      1. 1.4.1 ADNOC (Abu Dhabi National Oil Company)

      2. 1.4.2 Chevron Corporation

      3. 1.4.3 China Petrochemical Corporation (SINOPEC)

      4. 1.4.4 CNOOC Limited

      5. 1.4.5 Exxon Mobil Corporation

      6. 1.4.6 Formosa Petrochemical Corporation

      7. 1.4.7 Gazprom Neft PJSC

      8. 1.4.8 GS Caltex Corporation

      9. 1.4.9 Indian Oil Corporation Ltd

      10. 1.4.10 LUKOIL

      11. 1.4.11 Nynas AB

      12. 1.4.12 Petrobras

      13. 1.4.13 PetroChina

      14. 1.4.14 PETRONAS Lubricants International

      15. 1.4.15 Philips 66 Company

      16. 1.4.16 Repsol

      17. 1.4.17 Saudi Arabian Oil Co. (ARAMCO)

      18. 1.4.18 Sepahan Oil Company

      19. 1.4.19 Shandong Qingyuan Group Co. Ltd

      20. 1.4.20 Shell PLC

      21. 1.4.21 SK Innovation Co. Ltd

      22. 1.4.22 Total Energies

    5. *List Not Exhaustive

Base Oil Companies FAQs

Exxon Mobil Corporation, Saudi Arabian Oil Co. (Aramco), PetroChina, Chevron Corporation and China Petrochemical Corporation (SINOPEC) are the major companies operating in the Base Oil Market.

Base Oil Market Report Snapshots

Base Oil Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)