China Base Oil Market Size & Outlook, 2021-2030
China base oil market, 2018-2030 (US$M)
Related Markets
China base oil market highlights
- The China base oil market generated a revenue of USD 3,955.0 million in 2021 and is expected to reach USD 6,414.1 million by 2030.
- The China market is expected to grow at a CAGR of 5.5% from 2022 to 2030.
- In terms of segment, group i was the largest revenue generating product in 2021.
- Group III is the most lucrative product segment registering the fastest growth during the forecast period.
Base oil market data book summary
| Market revenue in 2021 | USD 3,955.0 million |
| Market revenue in 2030 | USD 6,414.1 million |
| Growth rate | 5.5% (CAGR from 2021 to 2030) |
| Largest segment | Group i |
| Fastest growing segment | Group III |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Group I, Group II, Group III, Group IV, Group V |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, Petronas Chemicals Group Bhd, PetroChina Co Ltd Class H, Exxon Mobil Corp, Chevron Corp, Shell PLC, BP PLC, The Goldman Sachs Group Inc, Nestle SA, Repsol SA |
Other key industry trends
- In terms of revenue, China accounted for 19.4% of the global base oil market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China base oil market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,458.4 million by 2030.
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Base Oil Market Scope
Base Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China base oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to base oil market will help companies and investors design strategic landscapes.
Group i was the largest segment with a revenue share of 39.55% in 2021. Horizon Databook has segmented the China base oil market based on group i, group ii, group iii, group iv, group v covering the revenue growth of each sub-segment from 2018 to 2030.
- China Base Oil Product Outlook (Revenue, USD Million, 2018-2030)
- Group I
- Group II
- Group III
- Group IV
- Group V
- China Base Oil Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive Oils
- Process Oils
- Hydraulic Oils
- Metalworking Fluids
- Industrial Oils
- Others
Reasons to subscribe to China base oil market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China base oil market databook
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Our clientele includes a mix of base oil market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China base oil market , including forecasts for subscribers. This country databook contains high-level insights into China base oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China base oil market size, by product, 2018-2030 (US$M)
China Base Oil Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
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