Rubber Process Oil Market, By Type (Naphthenic Oil, Paraffin, Aromatic, and Specialty), By Applicati

Published Date: | Report Code : CH1943871

X

The Rubber Process Oil Market is expected to promise high growth owing to an increase in demand for automotive tires in recent years. Increasing demand from applications including natural and synthesis is expected to drive the growth of the market.

Rubber materials are widely used. Rubbers are commercially used to manufacture products ranging from rubber bands and toys to large-sized tires of automotive vehicles as well as aircraft. Rubber process oil is used for processing and manufacturing rubber products. This oil is used in several applications of rubber, such as tire & rubber, polymer, personal care, textile, and others.

Segment Insights

Rubber oil helps to improve the dispersion of fillers and flow characteristics of the compound. Moreover, it enhances the physical properties and characteristics of products. Rubber process oil is used in a variety of automotive products, such as rubber parts of trucks, cars, and motorcycles. Rubber process oils are both natural and synthetic.

On the basis of type, the rubber process oil market has been segmented into naphthenic oil, paraffin, aromatic, and specialty oils, such as Treated Distillate Aromatic Extracted Solvent (TDAE), Residual Aromatic Extracted Solvent (RAE), and Mild Extracted Solvent (MES). The naphthenic process oil is a light-colored, non-staining compound, which has superb compatibility with synthetic elastomers as well as high thermal stability. The demand for this oil is expected to grow due to low PCA content. TDAE is a non-carcinogenic rubber process oil that has high aromatic content and is environment-friendly and non-toxic. Its high viscosity-gravity constant (VGC) helps in the decline of heat build-up between tires and the road.

The paraffinic rubber processing oil is manufactured from highly refined solvent extracted base stocks of low sulfur content. They are used in applications, such as heat resistant conveyor belts and steam hoses.

Fluctuations in raw material prices, European Union regulation banning the use of PCA (polycyclic aromatics) in tire manufacturing, and increasing use of oil, such as soybean oil, are factors that are expected to hamper the market growth. However, this market will grow in the Asia Pacific region due to the increasing demand from the automotive industry. 

Key Factors Impacting Market Growth:

  • Increase in demand for automotive tires
  • A decline in the cost of end products of rubber compounds 

Regional Analysis

On the basis of the region, the rubber process oil market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the rubber process market during the forecast period. This demand is with regard to the growth of major applications such as natural and synthesis. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the rubber process oil market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the rubber process oil market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Royal Dutch Shell plc, Chevron Corporation, Petronas Lubricants Belgium NV, Nynas AB, ORGKHIM Biochemical Holding, and Repsol S.A. 

Market Segmentation:

By Types:

  • Naphthenic Oil
  • Paraffin
  • Aromatic
  • Speciality

By Application Rubber:

  • Natural
  • Synthesis

By Function:

  • Thermal Stability
  • Oxidation
  • Color Stability
  • Others 

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application Rubber
    • By Function
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application Rubber
    • By Function
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Application Rubber
    • By Function
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Application Rubber
    • By Function
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Application Rubber
    • By Function
  • Rest of the World
    • By Region (South America, Africa)
    • By Application Rubber
    • By Function

Reasons to Buy This Report:

  • Market size estimation of the global rubber process oil market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

Get Regional Report USD 2000 Only

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy