How big is the Base Oil Market?

The Base Oil Market size is expected to reach 34.63 million tons in 2024 and grow at a CAGR of 1.51% to reach 37.31 million tons by 2029. Read More

What is the current Base Oil Market size?

In 2024, the Base Oil Market size is expected to reach 34.63 million tons. Read More

Which is the fastest growing region in Base Oil Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Base Oil Market?

In 2024, the Asia Pacific accounts for the largest market share in Base Oil Market. Read More

What years does this Base Oil Market cover, and what was the market size in 2023?

In 2023, the Base Oil Market size was estimated at 34.11 million tons. The report covers the Base Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Base Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major application segments of the Base Oil Market?

The major application segments of the Base Oil Market are a) Engine Oils b) Transmission and Gear Oils c) Metalworking Fluids d) Hydraulic Fluids and Greases Read More

What are the major application segments of the Base Oil Market?

The major application segments of the Base Oil Market are a) Engine Oils b) Transmission and Gear Oils c) Metalworking Fluids d) Hydraulic Fluids and Greases Read More

Base Oil Market Share

Statistics for the 2023 & 2024 Base Oil market share, created by Mordor Intelligence™ Industry Reports. Base Oil share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Base Oil Industry

The base oil market is fragmented in nature. The major players (not in any particular order) include Exxon Mobil Corporation, Saudi Arabian Oil Co. (Aramco), PetroChina, Chevron Corporation, and China Petrochemical Corporation (SINOPEC).

Base Oil Market Leaders

Exxon Mobil Corporation
Saudi Arabian Oil Co. (Aramco)
PetroChina
Chevron Corporation
China Petrochemical Corporation (SINOPEC)

*Disclaimer: Major Players sorted in no particular order