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市场调查报告书
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1407639

润滑油炼油厂市场的专业 - 2018-2028 年按类型、石油、地区、竞争细分的全球行业规模、份额、趋势、机会和预测。

Specialties of Lube Oil Refinery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type, By Oil, By Region, By Competition 2018-2028.
出版日期: | 出版商: TechSci Research | 英文 181 Pages | 商品交期: 2-3个工作天内

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简介目录

2022 年，全球特种润滑油精炼市场价值为 112.5 亿美元，预测期内CAGR为 14.86%。由于环境问题日益严重，生物基润滑油的发展将进一步扩大特种润滑油精炼市场的未来成长。製药、化妆品和汽车等各行业对润滑油的需求不断增长，刺激了市场的成长。此外，由于引擎中使用润滑油，可支配收入的增加导致对汽车的需求增加，也推动了市场的成长。然而，对润滑剂处置可能造成严重环境污染的担忧可能会挑战市场成长。

对润滑油的需求不断成长：

市场概况
预测期 2024-2028
2022 年市场规模 112.5亿美元
2028 年市场规模 260.6亿美元
2023-2028 年CAGR 14.86%
成长最快的细分市场 全精炼蜡
最大的市场 北美洲

润滑油精炼市场的主要驱动力是各行业对润滑油的需求不断增长。润滑剂对于机械的平稳运作至关重要，可以减少摩擦和磨损，从而提高设备的使用寿命和效率。随着全球工业化和製造业活动的激增，对润滑油的需求也随之增加，推动了润滑油精炼厂的扩张。

汽车产业成长：

汽车产业是润滑油的主要消费者，而机油是车辆维护的关键组成部分。蓬勃发展的汽车产业，尤其是新兴经济体的汽车产业，对润滑油的需求做出了巨大贡献。随着越来越多的车辆上路，对高品质润滑油的需求不断升级，推动润滑油炼油市场向前发展。

技术进步：

炼油技术的不断进步有助于润滑油炼油市场的成长。加氢裂解和加氢处理等炼油製程的创新能够生产具有增强性能特征的优质基础油。这些技术进步不仅提高了润滑油生产的效率，而且符合监管机构制定的不断发展的规范和标准。

环境法规：

严格的环境法规推动了环保润滑油的开发和采用。润滑油精炼厂被迫投资于减少其製程和产品对环境影响的技术。这包括生产排放量更低、毒性更低、生物降解性更高的润滑油。遵守环境标准成为市场参与者的关键驱动力，促进该行业的创新。

全球工业化：

持续不断的全球工业化进程大大增加了各种工业应用对润滑油的需求。从製造到发电，润滑油有广泛的用途。工业的扩张，尤其是发展中地区的工业扩张，增加了对润滑油的需求，从而推动了润滑油炼油市场的发展。

不断成长的能源产业：

能源产业，包括石油和天然气勘探、生产和精炼，严重依赖润滑油进行机械维护。在全球能源需求不断增长的推动下，能源产业持续成长，直接转化为对润滑油的需求增加。这是润滑油炼油市场的重要推手。

原油价格波动：

润滑油炼油厂市场与原油价格动态密切相关。原油价格的波动影响润滑油生产的原料成本。当原油价格较低时，随着原料成本的下降，润滑油精炼厂的获利能力通常会增加。相反，在原油价格高企期间，炼油厂可能面临成本挑战，需要提高效率和策略成本管理。

地缘政治因素：

产油地区衝突或政治领导层变动等地缘政治事件可能对全球石油市场产生深远影响。地缘政治格局的不确定性可能导致油价波动，影响润滑油炼製的经济性。润滑油炼油市场的公司必须应对这些不确定性并适应不断变化的地缘政治条件。

市场整合与策略联盟：

润滑油炼油市场透过併购进行整合。大公司经常收购小型炼油厂，以加强其市场地位并获得新技术或地理市场的机会。公司之间的策略联盟和伙伴关係也在塑造市场竞争格局、促进创新和高效资源利用方面发挥作用。

关注永续实践：

永续发展已成为润滑油炼油市场的关键驱动力。人们越来越重视永续实践，包括使用再生原料、节能製程以及生物基润滑剂的开发。积极拥抱永续发展的公司不仅能满足不断变化的消费者偏好，还能在市场中占据有利地位。

总而言之，全球润滑油炼油市场受到复杂的相互作用因素的影响，其中对润滑油的需求是最重要的。市场的成长与工业化、技术进步、监管环境和全球经济状况密切相关。随着产业的发展，参与者必须保持敏捷，拥抱创新和永续发展，以满足最终用户的动态需求并遵守不断变化的环境标准。润滑油炼油市场的未来可能取决于炼油技术的不断进步、对永续实践的追求以及产业参与者应对地缘政治和经济不确定性的能力。

主要市场挑战

技术复杂性与升级：

润滑油炼油产业面临着跟上技术快速进步步伐的挑战。随着产业的发展，炼油厂必须不断投资升级其设施，以采用最新技术。这包括炼油工艺、催化剂和仪器的进步。这些技术升级的复杂性带来了挑战，因为它需要大量的资本投资和熟练的劳动力来有效地实施和操作这些先进的系统。

环境法规与合规性：

虽然环境法规也被认为是该行业的驱动力，但它们同时也带来了挑战。遵守日益严格的环境标准要求炼油厂采取更清洁、更永续的做法。这涉及对污染控制技术、废水处理和低排放润滑油开发的投资。满足这些监管要求增加了润滑油炼油厂的营运和财务压力。

原油价格波动：

润滑油炼油市场对原油价格波动高度敏感。全球石油价格的波动可能会影响润滑油生产的原料成本。炼油厂的利润率通常很低，原油价格的意外飙升可能导致生产成本增加。管理这种不确定性需要有效的风险管理策略和适应不断变化的市场条件的灵活性。

消费者偏好的转变：

消费者偏好和对永续生物基润滑油的需求不断变化，对传统润滑油精炼厂提出了挑战。在环保意识的推动下，人们越来越重视环保和可生物降解的润滑油。炼油厂必须调整其产品组合，以适应这些不断变化的偏好，这可能涉及新製程的开发和替代原料的加入。

来自替代技术的竞争：

润滑油精炼市场面临替代技术的竞争，包括合成润滑油和生物基替代品。合成润滑油以其高性能特性而闻名，对传统矿物基润滑油构成了竞争挑战。此外，源自再生资源的生物基润滑油的出现为市场带来了新的维度，要求传统炼油厂进行创新以保持竞争优势。

供应链中断：

润滑油精炼产业很容易受到供应链中断的影响，这可能是由地缘政治事件、自然灾害或不可预见的全球危机引起的。供应链中断可能会影响原材料的供应，导致生产延误和成本增加。强大的供应链管理和应急计划对于减轻不可预见的中断的影响至关重要。

经济不确定性：

全球经济的不确定性，包括经济衰退和货币价值波动，可能会影响润滑油的需求。在经济衰退期间，工业可能会减少产量，从而导致对润滑油的需求减少。润滑油炼油厂必须应对这些经济不确定性，并实施策略，以在充满挑战的经济条件下保持营运弹性。

研发与创新压力：

对高性能润滑油的持续需求以及满足不断发展的行业标准的需求给润滑油精炼厂的研发 (R&D) 工作带来了巨大压力。投资创新来开发新配方、添加剂和生产流程对于在竞争激烈的市场中保持领先至关重要。然而，与研发相关的成本和时间可能会很大，这给一些炼油厂带来了挑战。

全球地缘政治动态：

贸易紧张、制裁和产油地区政治不稳定等地缘政治因素可能影响全球原油供应和定价。润滑油炼油市场与石油产业密切相关，也不能倖免于可能出现的地缘政治挑战。与地缘政治动态相关的不确定性可能会造成市场波动并影响润滑油炼油厂的策略决策。

向再生能源过渡

全球向再生能源的过渡对润滑油炼油市场构成了长期挑战。随着世界寻求减少对化石燃料的依赖，对传统润滑油的需求可能面临逐渐下降。润滑油精炼厂必须预见这种转变，并探索多元化策略，例如投资生物基润滑油或探索新兴能源领域的合作关係。

主要市场趋势

润滑油炼油厂市场动态的特点

润滑油用于减轻不断接触的机械部件之间的摩擦。它主要用于机动车辆润滑引擎。合成蜡和生物基蜡的需求不断增长是全球润滑油精炼市场的主要挑战。蜡烛製造、橡胶加工、人口成长、生活方式改变和人均收入增加等应用不断增长的需求也推动了润滑油精炼市场的专业化。

但是，石蜡供应的减少在很大程度上限制了全球润滑油精炼市场的特殊产品的成长。润滑油精炼市场特种产品的需求面以化妆品、包装、橡胶製造、蜡烛製造、製药等产业的发展为特色。供应方依专业润滑油炼油生产商进行的市场整合活动进行分类。

对 FDA 批准的食品和饮料矿物油的需求

不断发展的食品工业引起了人们对低级矿物油的严重担忧，这些矿物油被认为有毒，可能会影响人类健康。食品级矿物油经过精炼，可安全用于食品工业。食品级白矿物油是由不含芳香族物质和石蜡以及含氧、硫和氮的杂环烃化合物的石油基础油精製而成的油。

食品级白矿物油符合美国 FDA 21 CFR 172.878 法规的严格要求。食品级润滑剂被归类为 NSF 3H 材料，使其适合用于经常需要透过油直接接触食品的应用。

该材料也被归类为 NSF H1 材料，使其适合用于油与食品可能发生意外接触的应用。食品级白矿物油是调配 NSF H1 润滑油的首选基础油，适用于意外接触食品的食品加工设备的润滑。白油通常用于塑胶製造。餐饮杯子、餐具和包装都是用白油生产的。

人们越来越担心原油对环境和人类健康的影响

人们对原油对环境和人类健康的日益担忧正在限制润滑油炼油市场的专业化。原油作为石蜡的来源，被认为是高度不可持续的，因为它是一种不可再生资源。它也是许多环境灾难、石油洩漏和气候变迁的根源。石蜡是一种石油废品，在製成蜡之前必须经过除臭和化学漂白。

石油基石蜡在市场上广泛应用于蜡烛、蜡纸、抛光剂、化妆品和电绝缘体等商业产品。如今，大多数蜡烛都是由石蜡製成的，燃烧时会产生剧毒的苯和甲苯。石蜡蜡烛释放的毒素与柴油烟雾中发现的毒素相同，并且与气喘和肺癌有关。

细分市场洞察

类型洞察

在预测期内，全精炼蜡细分市场将主导润滑油精炼市场的全球特种产品。对精炼蜡的需求不断增长是因为其高纯度和良好的保湿性能。它们促进了许多应用，例如化妆品、护肤品和食品包装。全精炼蜡用于冷霜、口红、油纸、软膏、泻药、巧克力和口香糖等产品。蜡烛製造是全精炼蜡的另一个主要应用。

区域洞察

就价值而言，亚太地区特种润滑油精炼市场预计在预测期内将实现最高的CAGR。由于北美和欧洲成长缓慢，亚太地区润滑油精炼市场的特种油成长缓慢。这为亚太地区润滑油精炼厂的特种产品消费创造了巨大的机会。亚太地区消费者生活方式和购买力平价的变化也推动了化妆品、製药和包装行业使用润滑油精炼厂的专业产品。

目录

第 1 章：产品概述

  • 市场定义
  • 市场范围
  • 涵盖的市场
  • 考虑学习的年份
  • 主要市场区隔

第 2 章：研究方法

  • 研究目的
  • 基线方法
  • 主要产业伙伴
  • 主要协会和二手资料来源
  • 预测方法
  • 数据三角测量与验证
  • 假设和限制

第 3 章：执行摘要

第 4 章：客户之声

第 5 章：全球特色润滑油精炼市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型（全精炼蜡、白油、橡胶加工油、疏鬆蜡、半精炼蜡、凡士林、微晶蜡等）
    • 依油品分类（I类基础油、II类基础油、III类基础油）
    • 按地区
  • 按公司划分 (2022)
  • 市场地图

第 6 章：北美特色润滑油精炼市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 透过石油
    • 按国家/地区
  • 北美：国家分析
    • 美国
    • 加拿大
    • 墨西哥

第 7 章：全球特色润滑油精炼市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 透过石油
    • 按国家/地区
  • 亚太地区：国家分析
    • 中国润滑油精炼特产
    • 印度润滑油精炼厂特色产品
    • 日本润滑油精炼特产
    • 韩国特色润滑油精炼厂
    • 印尼特色润滑油精炼厂

第 8 章：欧洲特种润滑油精炼市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 透过石油
    • 按国家/地区
  • 欧洲：国家分析
    • 德国
    • 英国
    • 法国
    • 俄罗斯
    • 西班牙

第 9 章：南美洲特色润滑油精炼市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 透过石油
    • 按国家/地区
  • 南美洲：国家分析
    • 巴西
    • 阿根廷

第 10 章：中东和非洲特色润滑油精炼市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型
    • 透过石油
    • 按国家/地区
  • 中东和非洲：国家分析
    • 沙乌地阿拉伯
    • 南非
    • 阿联酋
    • 以色列
    • 埃及

第 11 章：市场动态

  • 司机
  • 挑战

第 12 章：市场趋势与发展

第 13 章：公司简介

  • 埃克森美孚公司。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 中国石化集团公司.
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 荷兰皇家壳牌公司。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 埃尼温泉浴场。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 沙索有限公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 总 SA。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 中国石油天然气股份有限公司。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services

第 14 章：策略建议

第 15 章：关于我们与免责声明

简介目录
Product Code: 20438

The Global Specialties of Lube Oil Refinery Market was valued at USD 11.25 Billion in 2022 and is growing at a CAGR of 14.86%during the forecast period. the development of bio-based lubricants due to the rising environmental concerns will further expand the future growth of the specialties of lube oil refinery market. The increasing demand for lubricants from various industries such as pharmaceutical, cosmetics, and automobile is stimulating the market growth. Furthermore, rising disposable income leading to an increase in the demand for automobile, owing to the usage of lubricants in engines, is also fueling the market growth. However, concerns regarding the disposals of lubricants which may cause serious environmental contamination, could challenge the market growth.

Key Market Drivers

Rising Demand for Lubricants:

Market Overview
Forecast Period2024-2028
Market Size 2022USD 11.25 Billion
Market Size 2028USD 26.06 Billion
CAGR 2023-202814.86%
Fastest Growing SegmentFully Refined Wax
Largest MarketNorth America

The primary driver for the lube oil refinery market is the increasing demand for lubricants across diverse industries. Lubricants are integral to the smooth functioning of machinery, reducing friction and wear, thus enhancing the lifespan and efficiency of equipment. As industrialization and manufacturing activities surge globally, the need for lubricating oils follows suit, driving the expansion of lube oil refineries.

Automotive Industry Growth:

The automotive sector is a major consumer of lubricants, with engine oils being a critical component for vehicle maintenance. The burgeoning automotive industry, particularly in emerging economies, contributes significantly to the demand for lube oils. As more vehicles hit the roads, the need for high-quality lubricants escalates, propelling the lube oil refinery market forward.

Technological Advancements:

Continuous advancements in refining technologies contribute to the growth of the lube oil refinery market. Innovations in refining processes, such as hydrocracking and hydrotreating, enable the production of superior-quality base oils with enhanced performance characteristics. These technological strides not only improve the efficiency of lube oil production but also align with the evolving specifications and standards set by regulatory bodies.

Environmental Regulations:

Stringent environmental regulations drive the development and adoption of environmentally friendly lubricants. Lube oil refineries are compelled to invest in technologies that reduce the environmental impact of their processes and products. This includes the production of lubricants with lower emissions, reduced toxicity, and improved biodegradability. Compliance with environmental standards becomes a key driver for market participants, fostering innovation in the sector.

Global Industrialization:

The ongoing process of global industrialization contributes significantly to the demand for lubricants in various industrial applications. From manufacturing to power generation, lubricating oils find extensive use. The expansion of industries, especially in developing regions, amplifies the need for lube oils, thereby boosting the lube oil refinery market.

Growing Energy Sector:

The energy sector, encompassing oil and gas exploration, production, and refining, relies heavily on lubricants for machinery maintenance. The continual growth of the energy sector, driven by increasing energy demand worldwide, directly translates into an elevated requirement for lube oils. This serves as a substantial driver for the lube oil refinery market.

Fluctuations in Crude Oil Prices:

The lube oil refinery market is intricately linked to the price dynamics of crude oil. Fluctuations in crude oil prices impact the cost of feedstock for lube oil production. When crude oil prices are low, it often leads to increased profitability for lube oil refineries, as the cost of raw materials decreases. Conversely, during periods of high crude oil prices, refineries may face cost challenges, necessitating efficiency improvements and strategic cost management.

Geopolitical Factors:

Geopolitical events, such as conflicts in oil-producing regions or changes in political leadership, can have profound effects on the global oil market. Uncertainties related to the geopolitical landscape can lead to fluctuations in oil prices, affecting the economics of lube oil refining. Companies in the lube oil refinery market must navigate these uncertainties and adapt to changing geopolitical conditions.

Market Consolidation and Strategic Alliances:

The lube oil refinery market has witnessed consolidation through mergers and acquisitions. Large companies often acquire smaller refineries to strengthen their market position and gain access to new technologies or geographic markets. Strategic alliances and partnerships between companies also play a role in shaping the competitive landscape of the market, fostering innovation and efficient resource utilization.

Focus on Sustainable Practices:

Sustainability has become a key driver in the lube oil refinery market. There is a growing emphasis on sustainable practices, including the use of renewable feedstocks, energy-efficient processes, and the development of bio-based lubricants. Companies that proactively embrace sustainability not only meet evolving consumer preferences but also position themselves favorably in the market.

In conclusion, the global lube oil refinery market is influenced by a complex interplay of factors, with the demand for lubricants at the forefront. The market's growth is intricately tied to industrialization, technological advancements, regulatory landscape, and global economic conditions. As the industry evolves, participants must remain agile, embracing innovation and sustainability to meet the dynamic needs of end-users and adhere to changing environmental standards. The future of the lube oil refinery market will likely be shaped by ongoing advancements in refining technologies, the pursuit of sustainable practices, and the ability of industry players to navigate geopolitical and economic uncertainties.

Key Market Challenges

Technological Complexity and Upgradation:

The lube oil refinery sector faces the challenge of keeping pace with rapid technological advancements. As the industry evolves, refineries must continually invest in upgrading their facilities to incorporate the latest technologies. This includes advancements in refining processes, catalysts, and instrumentation. The complexity of these technological upgrades poses a challenge, as it requires substantial capital investment and a skilled workforce to implement and operate these advanced systems effectively.

Environmental Regulations and Compliance:

While environmental regulations are also considered a driver for the industry, they simultaneously present challenges. Compliance with increasingly stringent environmental standards requires refineries to adopt cleaner and more sustainable practices. This involves investments in pollution control technologies, wastewater treatment, and the development of low-emission lubricants. Meeting these regulatory requirements adds both operational and financial pressures on lube oil refineries.

Volatility in Crude Oil Prices:

The lube oil refinery market is highly sensitive to fluctuations in crude oil prices. The volatility in global oil prices can impact the cost of feedstock for lube oil production. Refineries often operate on thin profit margins, and unexpected spikes in crude oil prices can lead to increased production costs. Managing this uncertainty requires effective risk management strategies and flexibility in adapting to changing market conditions.

Shift in Consumer Preferences:

Changing consumer preferences and demands for sustainable and bio-based lubricants pose a challenge for traditional lube oil refineries. There is an increasing emphasis on eco-friendly and biodegradable lubricants, driven by environmental awareness. Refineries must adapt their product portfolios to align with these changing preferences, which may involve the development of new processes and the incorporation of alternative feedstocks.

Competition from Alternative Technologies:

The lube oil refinery market faces competition from alternative technologies, including synthetic lubricants and bio-based alternatives. Synthetic lubricants, known for their high-performance characteristics, pose a competitive challenge to traditional mineral-based lubricants. Additionally, the emergence of bio-based lubricants derived from renewable sources introduces a new dimension to the market, requiring traditional refineries to innovate to maintain their competitive edge.

Supply Chain Disruptions:

The lube oil refinery sector is susceptible to supply chain disruptions, which can be caused by geopolitical events, natural disasters, or unforeseen global crises. Disruptions in the supply chain can affect the availability of raw materials, leading to production delays and increased costs. Robust supply chain management and contingency planning become imperative to mitigate the impact of unforeseen disruptions.

Economic Uncertainties:

Global economic uncertainties, including recessions and fluctuations in currency values, can impact the demand for lubricants. During economic downturns, industries may reduce production, leading to a decreased need for lubricating oils. Lube oil refineries must navigate these economic uncertainties and implement strategies to maintain operational resilience during challenging economic conditions.

R&D and Innovation Pressures:

The continuous demand for high-performance lubricants and the need to meet evolving industry standards place significant pressure on research and development (R&D) efforts within lube oil refineries. Investing in innovation to develop new formulations, additives, and production processes is essential to stay ahead in a competitive market. However, the costs and time associated with R&D can be substantial, posing a challenge for some refineries.

Global Geopolitical Dynamics:

Geopolitical factors, such as trade tensions, sanctions, and political instability in oil-producing regions, can impact the global supply and pricing of crude oil. The lube oil refinery market, being closely tied to the oil industry, is not immune to the geopolitical challenges that may arise. Uncertainties related to geopolitical dynamics can create market volatility and impact the strategic decision-making of lube oil refineries.

Transition to Renewable Energy

The global transition toward renewable energy sources poses a long-term challenge for the lube oil refinery market. As the world seeks to reduce reliance on fossil fuels, the demand for traditional lubricants may face a gradual decline. Lube oil refineries must anticipate this shift and explore diversification strategies, such as investing in bio-based lubricants or exploring partnerships in emerging energy sectors.

Key Market Trends

Specialties of Lube Oil Refinery Market Dynamics

Lube oil is used to alleviate the friction between mechanical components that are constantly in contact with each other. It is prominently used in motorized vehicles to lubricate the engine. Increasing demand for synthetic and bio-based waxes is the major challenge of the global specialties of the lube oil refinery market. Growing demand from applications such as candle manufacturing, rubber processing, growing population, changing lifestyle, and increasing per-capita income is also driving the specialties of the lube oil refinery market.

But, the shrinking supply of paraffin wax is majorly restraining the growth of the specialties of the lube oil refinery market globally. The demand side of specialties of lube oil refinery market is characterized by the developments in the cosmetics, packaging, rubber manufacturing, candle manufacturing, and pharmaceutical industries. The supply side is categorized by market consolidation activities undertaken by specialties of lube oil refinery producers.

Demand for FDA-approved food & beverages mineral oils

The growing food industry has raised severe concerns over low-grade mineral oils, considered toxic and may affect human health. Food-grade mineral oils are refined and safe for use in the food industry. Food-grade white mineral oils are refined oils derived from petroleum base oils free of aromatic species and paraffin wax and heterocyclic hydrocarbon compounds containing oxygen, sulfur, and nitrogen.

Food-grade white mineral oils satisfy the stringent requirements of U.S. FDA regulations in 21 CFR 172.878. The food-grade lubricants are classified as NSF 3H materials, making them suitable for adoption in applications where immediate contact with food by the oil is often intended.

The material is also categorized as NSF H1 materials, making them suitable for usage in applications where unplanned contact of the oil with food can occur. Food-grade white mineral oils are the preferred base fluid for blending NSF H1 lubricants, suitable for lubrication in food processing equipment where accidental food contact occurs. White oil is usually utilized in plastic manufacturing. Foodservice cups, utensils, and packaging are all produced with white oil.

Rising concerns about crude oil on environment and human health

The rising concerns about crude oil on the environment and human health is restraining the specialties of the lube oil refinery market. Crude oil, being the origin of paraffin wax, is regarded as highly unsustainable because it is a non-renewable resource. It has also been the root of many environmental calamities, oil spills, and climate change. Paraffin is a petroleum waste product that must be deodorized and chemically bleached before making it into wax.

The market has extensive applications of petroleum-based paraffin wax in candles, wax paper, polishes, cosmetics, and electrical insulators, among other commercial items. Today, most candles are manufactured from paraffin wax, which produces highly toxic benzene and toluene when burned. The toxins released from paraffin candles are identical to those found in diesel fuel fumes and are associated with asthma and lung cancer.

Segmental Insights

Type Insights

The fully refined wax segment will dominate the global specialties of the lube oil refinery market during the forecast period. The growing demand for fully refined wax is because of its high purity levels and good moisturizing property. They promotes many applications, for instance, cosmetics, skincare, and food packaging. Fully refined wax is used in products such as cold creams, lipsticks, oily papers, ointments, laxatives, chocolates, and chewing gums. Candle manufacturing is another main application of fully refined wax..

Regional Insights

The Asia Pacific specialties of the lube oil refinery market is expected to register the highest CAGR, in terms of value, over the forecast period. The specialties APAC specialties of the lube oil refinery market has observed a sluggish growth, owing to the slow growth in North America and Europe. This created huge opportunities for the consumption of specialties of the lube oil refinery in the Asia Pacific. Change in lifestyle and purchasing power parity of the consumers in the APAC region is also driving the use of specialties of a lube oil refinery in the cosmetics, pharmaceutical, and packaging industries.

Key Market Players

Exxon Mobil Corporation

Sinopec Corporation

Royal Dutch Shell Plc

Eni S.P.A.

Sasol Ltd.

Total SA

Petrochina Company Limited.

Report Scope:

In this report, the Global Specialties of Lube Oil Refinery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Specialties of Lube Oil Refinery Market, By Type:

  • Fully Refined Wax
  • White Oil
  • Rubber Process Oi
  • Slack wax
  • Semi Refined Wax
  • Petrolatum
  • Microcrystalline Wax Others

Global Specialties of Lube Oil Refinery Market, By Oil :

  • Group I Base Oil
  • Group II Base Oil
  • Group III Base Oil

Global Smart Waste Management Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Spain
  • South America
  • Brazil
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Egypt
  • UAE
  • Israel

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Specialties of Lube Oil Refinery Market.

Available Customizations:

  • Global Specialties of Lube Oil Refinery Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
  • 1.3. Markets Covered
  • 1.4. Years Considered for Study
  • 1.5. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Specialties of Lube Oil Refinery Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type (Fully Refined Wax, White Oil, Rubber Process Oil, Slack wax, Semi Refined Wax, Petrolatum, Microcrystalline Wax and Others)
    • 5.2.2. By Oil (Group I Base Oil, Group II Base Oil and Group III Base Oil)
    • 5.2.3. By Region
  • 5.3. By Company (2022)
  • 5.4. Market Map

6. North America Specialties of Lube Oil Refinery Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Oil
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Specialties of Lube Oil Refinery Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type
        • 6.3.1.2.2. By Oil
    • 6.3.2. Canada Specialties of Lube Oil Refinery Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type
        • 6.3.2.2.2. By Oil
    • 6.3.3. Mexico Specialties of Lube Oil Refinery Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type
        • 6.3.3.2.2. By Oil

7. Global Specialties of Lube Oil Refinery Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Oil
    • 7.2.3. By Country
  • 7.3. Asia-Pacific: Country Analysis
    • 7.3.1. China Specialties of Lube Oil Refinery Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type
        • 7.3.1.2.2. By Oil
    • 7.3.2. India Specialties of Lube Oil Refinery Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type
        • 7.3.2.2.2. By Oil
    • 7.3.3. Japan Specialties of Lube Oil Refinery Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type
        • 7.3.3.2.2. By Oil
    • 7.3.4. South Korea Specialties of Lube Oil Refinery Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Type
        • 7.3.4.2.2. By Oil
    • 7.3.5. Indonesia Specialties of Lube Oil Refinery Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Type
        • 7.3.5.2.2. By Oil

8. Europe Specialties of Lube Oil Refinery Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Oil
    • 8.2.3. By Country
  • 8.3. Europe: Country Analysis
    • 8.3.1. Germany Specialties of Lube Oil Refinery Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type
        • 8.3.1.2.2. By Oil
    • 8.3.2. United Kingdom Specialties of Lube Oil Refinery Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type
        • 8.3.2.2.2. By Oil
    • 8.3.3. France Specialties of Lube Oil Refinery Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type
        • 8.3.3.2.2. By Oil
    • 8.3.4. Russia Specialties of Lube Oil Refinery Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Type
        • 8.3.4.2.2. By Oil
    • 8.3.5. Spain Specialties of Lube Oil Refinery Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Type
        • 8.3.5.2.2. By Oil

9. South America Specialties of Lube Oil Refinery Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Oil
    • 9.2.3. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Specialties of Lube Oil Refinery Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type
        • 9.3.1.2.2. By Oil
    • 9.3.2. Argentina Specialties of Lube Oil Refinery Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type
        • 9.3.2.2.2. By Oil

10. Middle East & Africa Specialties of Lube Oil Refinery Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Oil
    • 10.2.3. By Country
  • 10.3. Middle East & Africa: Country Analysis
    • 10.3.1. Saudi Arabia Specialties of Lube Oil Refinery Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Type
        • 10.3.1.2.2. By Oil
    • 10.3.2. South Africa Specialties of Lube Oil Refinery Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Type
        • 10.3.2.2.2. By Oil
    • 10.3.3. UAE Specialties of Lube Oil Refinery Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Type
        • 10.3.3.2.2. By Oil
    • 10.3.4. Israel Specialties of Lube Oil Refinery Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Type
        • 10.3.4.2.2. By Oil
    • 10.3.5. Egypt Specialties of Lube Oil Refinery Market Outlook
      • 10.3.5.1. Market Size & Forecast
        • 10.3.5.1.1. By Value
      • 10.3.5.2. Market Share & Forecast
        • 10.3.5.2.1. By Type
        • 10.3.5.2.2. By Oil

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenge

12. Market Trends & Developments

13. Company Profiles

  • 13.1. Exxon Mobil Corporation.
    • 13.1.1. Business Overview
    • 13.1.2. Key Revenue and Financials
    • 13.1.3. Recent Developments
    • 13.1.4. Key Personnel
    • 13.1.5. Key Product/Services
  • 13.2. Sinopec Corporation.
    • 13.2.1. Business Overview
    • 13.2.2. Key Revenue and Financials
    • 13.2.3. Recent Developments
    • 13.2.4. Key Personnel
    • 13.2.5. Key Product/Services
  • 13.3. Royal Dutch Shell Plc.
    • 13.3.1. Business Overview
    • 13.3.2. Key Revenue and Financials
    • 13.3.3. Recent Developments
    • 13.3.4. Key Personnel
    • 13.3.5. Key Product/Services
  • 13.4. Eni S.P.A..
    • 13.4.1. Business Overview
    • 13.4.2. Key Revenue and Financials
    • 13.4.3. Recent Developments
    • 13.4.4. Key Personnel
    • 13.4.5. Key Product/Services
  • 13.5. Sasol Ltd.
    • 13.5.1. Business Overview
    • 13.5.2. Key Revenue and Financials
    • 13.5.3. Recent Developments
    • 13.5.4. Key Personnel
    • 13.5.5. Key Product/Services
  • 13.6. Total SA.
    • 13.6.1. Business Overview
    • 13.6.2. Key Revenue and Financials
    • 13.6.3. Recent Developments
    • 13.6.4. Key Personnel
    • 13.6.5. Key Product/Services
  • 13.7. Petrochina Company Limited.
    • 13.7.1. Business Overview
    • 13.7.2. Key Revenue and Financials
    • 13.7.3. Recent Developments
    • 13.7.4. Key Personnel
    • 13.7.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer