Global Rubber Process Oil Market Size & Outlook, 2023-2030
The rubber process oil industry worldwide is expected to reach a projected revenue of US$ 2,930.7 million by 2030. A compound annual growth rate of 4.2% is expected of the worldwide rubber process oil industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,190.0
Forecast, 2030 (US$M)
$2,930.7
CAGR, 2024 - 2030
4.2%
Report Coverage
Worldwide
Global rubber process oil market, 2018-2030 (US$M)
Global rubber process oil market highlights
- The global rubber process oil market generated a revenue of USD 2,190.0 million in 2023 and is expected to reach USD 2,930.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, aromatic accounted for a revenue of USD 2,190.0 million in 2023.
- Aromatic is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 2,190.0 million |
| Market revenue in 2030 | USD 2,930.7 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Aromatic |
| Fastest growing segment | Aromatic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aromatic |
Other key industry trends
- In terms of revenue, the North America accounted for 19.3% of the global rubber process oil market in 2023.
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Rubber Process Oil Market Scope
Rubber process oil market segmentation & scope
End Use
Tyre
Footwear
Wire & Cable Covering
Flooring Materials
Paints & Coatings
Adhesive & Sealants
Other End Uses
Countries
U.S.
Canada
Mexico
Germany
UK
France
Spain
Italy
China
India
Japan
South Korea
Thailand
Indonesia
Vietnam
Malaysia
Brazil
Argentina
Saudi Arabia
South Africa
Rubber Process Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global rubber process oil market size, by regions, 2018-2030 (US$M)
Related regional statistics
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