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Rubber Process Oil Market - By Type (Paraffinic, Naphthenic, MES, Treated Distillate Aromatic Extract, RAE, DAE, and TRAE), By Application (Wire and Cable Covering, Tyre, Footwear, Flooring, others) and Region (Latin America, North America, Asia Pacific, Europe, Middle East and Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022-2027)

Published: January, 2022
ID: 8278
Pages: 175
Formats: report pdf report excel report power bi report ppt

Rubber Processing Oil Market Size and Growth (2022 - 2027)

The rubber processing oil market is predicted to rise from $ 2.52 billion in 2021 to $ 4.73 billion in 2026, at an annual expansion rate of 6.5% from 2021 to 2026.

Rubber processing oils are employed for making various rubber compounds. The use of rubber processing oil improves the dispersion of the fillers and the flow characteristics of the compound during the subsequent periods. Rubber processing oil is made by distillation of crude oil and by a material extraction process called refining. Organic product is currently employed in a large number of industries. Various grades of superior product quality are employed in the manufacturing of rubber from natural and synthetic rubber. The solvent extraction process gives the rubber processing oil an aromatic aroma. The quality and type of these oils depend on the type of rubber employed and the application in which they are employed as the final product. Rubber materials are widely employed in human life. They are utilized on a commercial basis to make goods for motor vehicles and airplanes. Rubber processing oil is employed to make and process various rubber compounds. It improves flow diffusion and loading characteristics of compounds during post-processing. Rubber processing oil works as an internal lubricant and as a low-cost expander. It also enhances the physical features to decrease the end product of rubber composites. Rubber processing oil is extracted from crude oil.

Rubber Processing Oil Market Drivers:

The growth of the rubber processing oil market can be promoted by the increasing use of these oils in the making of tires. The surge in the number of automobiles has increased the need for tires, supporting the growth of the global market.

Rubber processing oil improves the physical properties of vulcanization to reduce the cost of rubber compound end products, which is one of the main expansion factors in the market. Also, compatibility with most types of elastomers expands their use. The growing call for car tires in emerging economies is driving the call for oil for rubber processing. While unpredicted fluctuations in commodity price levels constrain market expansion. However, concerns about the use of non-biodegradable products are predicted to hamper market calls in the coming years.

Rubber Processing Oil Market Restraints:

Expansion in tire making worldwide, due to the growing call for automobiles, is one of the main drivers of the rubber processing market. The rising use of styrene-butadiene rubber solution (S-Sbr) in tires is also a fueling call for rubber process oils. The growing call for rubber gloves in various industries, including healthcare and automotive, is also driving expansion in the rubber process oil market. The expansion of the tire-making industry worldwide and the call for effective tires are predicted to stimulate the worldwide market for rubber oil processing during the foreseen period. Escalated investment in R&D by rubber process oil manufacturers to develop green rubber process oils will drive expansion in the rubber process oil market in the coming years.

RUBBER PROCESSING OIL MARKET REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

6.5%

Segments Covered

 By Type, By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Apar Industries Limited, Behran Oil Company, Gandhar Oil Refinery (India) Limited, Hindustan Petroleum Corporation Limited (HPCL), Hollyfrontier Refining & Marketing LLC, Indian Oil Corporation Limited, Idemitsu Kosan Co., Ltd., Nynas AB, Orgkhim Biochemical Holding

Rubber Process Oil Market

Rubber Processing Oil Market Segmentation

Rubber Processing Oil Market By Type

  • Naphthenic

  • TDAE

  • Paraffinic

  • MES

  • DAE

  • RAE

  • TRAE

Among these, the naphthenic segment represented a leading part of the world market for rubber process oils. Naphthenic treatment oil is a transparent, non-staining compound that has excellent compatibility with synthetic elastomers and high thermal stability. Oil is increasingly consumed in Europe and North America, mainly due to its low PCA content.

Rubber Processing Oil Market - By Region

  • North America Rubber Processing Oil Industry includes the U.S and Canada.

  • Europe Rubber Processing Oil Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific Rubber Processing Oil Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America Rubber Processing Oil Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • The Middle East & Africa Rubber Processing Oil Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and rest of MEA.

The Asia Pacific is the key region of the worldwide rubber processing oil market. It is the biggest industry for rubber processing oils, followed by North America and European regions. The expansion of the Asia-Pacific rubber processing oil industry can be credited to escalated sales in the region that is predicted to augment the consumption of rubber processing oils in the tire and rim industry of the region. The increase in car sales in Asia-Pacific has resulted in an escalated call for tires, which has fueled the expansion of the rubber processing oil market in the region. T

he application of the European Union directive putting a ban on the employment of PCAs in tire making and the escalated employment of soybean oil as a substitute to rubber processing oil in tire manufacturing procedures. China and India are the expansion engines of the region of Asia-Pacific. The market is being spurred by escalated auto sales in the region, which is predicted to stimulate the use of rubber processing oils in the region's tire and rubber market. Several leading giants have adopted development strategies, introducing new products and contracts to meet the growing call for oil for rubber processing. North America and Europe are also predicted to offer significant expansion opportunities during the foreseen period.

Recent Developments:

  • Apar, which is involved in the wholesale distribution of petroleum products is aiming to establish a manufacturing plant in the UAE Free Zone in Sharjah.

  • Indian oil and lubricant company Texol Lubritech, a joint venture of Gandhar Oil Refinery India, has opened its $ 12 million (AED 44 million) making plant at the Hamriyah Free Zone Authority (HFZA) in Sharjah.

Rubber Processing Oil Market Key Players:

  1. Apar Industries Limited

  2. Behran Oil Company

  3. Gandhar Oil Refinery (India) Limited

  4. Hindustan Petroleum Corporation Limited (HPCL)

  5. Hollyfrontier Refining & Marketing LLC

  6. Indian Oil Corporation Limited

  7. Idemitsu Kosan Co., Ltd

  8. Nynas AB

  9. Orgkhim Biochemical Holding

  10. Panama Petrochem Ltd

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