Naphthenic Process Oil Market - Global Industry Size, Top Key Players, Drivers and Forecast to 2022
The
Global Naphthenic
Process Oil Market is anticipated
to rise at a substantial CAGR in the forthcoming period. Naphthenic process
oils are prepared from Naphthens which are a class of hydrocarbons and are also
referred as cycloparaffins. Even though, their design is identical to an
aromatic ring, these are single bonded possessing a stable structure. Several
such hydrocarbon rings may be attached with a variety of selective grades.
Ideally, the color stability, solubility and good thermal stability makes them
idyllic for molded articles, slippers, LPG tubes, floor tiles etc.
On
a commercial scale, naphthenic process oils are widely used in manufacture of
tires, automotive supply, reinforcing fillers, oil based softeners, additives,
like stabilizers and are also used as antioxidants. Driving factors responsible
for the growth of naphthenic process oil industry includes rising demand for
process oils for production of rubber and tires. Naphthenic process oils offer
unique ability to meet established performance standards for a range of
applications. Segmentation based on application, the naphthenic process oil
industry includes polymer, rubber, personal care and textile. Based on
segmentation by type, the naphthenic process oil market includes cyclopentane
and cyclohexane.
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Market Segment:
This report studies Naphthenic Process
Oil in Global market, especially in North America, Europe, China, Japan,
Southeast Asia and India, focuses on top manufacturers in global market, with
capacity, production, price, revenue and market share for each manufacturer,
covering
•
Royal Dutch Shell PLC
•
Nynas AB
•
Avista Oil AG
•
Repsol
Market Segment by Regions, this report
splits Global into several key Regions, with production, consumption, revenue,
market share and growth rate of Naphthenic Process Oil in these regions, from
2012 to 2022 (forecast), like
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Geographical
segmentation for naphthenic process oil market includes North America, South
America, Europe, Asia-Pacific, Middle-East and Africa. APAC market is expected
to gain a significant share in the forthcoming period since APAC market has
lucrative opportunities in manufacture of naphthenic process oil for tires.
North America and Europe market has already reached its maturity stage and the
market in South America is expected to gain significant growth due to rise in
demand for naphthenic process oils from various industry verticals such as
polymer, rubber, tire and textile. The key players in the naphthenic process
oil market include Royal Dutch Shell PLC, Nynas AB, Repsol, Avista Oil AG.
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