How big is the Base Oil Market?

The Base Oil Market size is expected to reach 34.63 million tons in 2024 and grow at a CAGR of 1.51% to reach 37.31 million tons by 2029. Read More

What is the current Base Oil Market size?

In 2024, the Base Oil Market size is expected to reach 34.63 million tons. Read More

Which is the fastest growing region in Base Oil Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Base Oil Market?

In 2024, the Asia Pacific accounts for the largest market share in Base Oil Market. Read More

What years does this Base Oil Market cover, and what was the market size in 2023?

In 2023, the Base Oil Market size was estimated at 34.11 million tons. The report covers the Base Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Base Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major application segments of the Base Oil Market?

The major application segments of the Base Oil Market are a) Engine Oils b) Transmission and Gear Oils c) Metalworking Fluids d) Hydraulic Fluids and Greases Read More

What are the major application segments of the Base Oil Market?

The major application segments of the Base Oil Market are a) Engine Oils b) Transmission and Gear Oils c) Metalworking Fluids d) Hydraulic Fluids and Greases Read More

Base Oil Companies - Top Company List

Base Oil Companies (2024 - 2029)

Numerous global companies, synonymous with corporations or firms, are leading the way in the oil and petrochemical sector. These enterprises, which include both national and multinational entities, cover a wide range of operations from extraction to refining, distribution and retail. The list comprises organizations from various parts of the world, demonstrating the global reach and impact of the industry. These establishments are not only pivotal in meeting the world's energy needs, but also play a significant role in the economies of their respective countries. Despite the push towards renewable energy, these corporations continue to hold significant influence in the global market.

Top Companies in Base Oil Market

This report lists the top Base Oil companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Base Oil industry.

Exxon Mobil Corporation
Saudi Arabian Oil Co. (Aramco)
PetroChina
Chevron Corporation
China Petrochemical Corporation (SINOPEC)

*Disclaimer: Top companies sorted in no particular order

Base Oil Market Concentration

Base Oil Company List

ADNOC (Abu Dhabi National Oil Company)
Chevron Corporation
China Petrochemical Corporation (SINOPEC)
CNOOC Limited
Exxon Mobil Corporation
Formosa Petrochemical Corporation
Gazprom Neft PJSC
GS Caltex Corporation
Indian Oil Corporation Ltd
LUKOIL
Nynas AB
Petrobras
PetroChina
PETRONAS Lubricants International
Philips 66 Company
Repsol
Saudi Arabian Oil Co. (ARAMCO)
Sepahan Oil Company
Shandong Qingyuan Group Co. Ltd
Shell PLC
SK Innovation Co. Ltd
Total Energies

Specific to Base Oil Market

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Competitive Landscape Report Includes

Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.

Base Oil Market Companies Summary

The base oil industry is characterized by a fragmented landscape, with several businesses holding marginal market shares, which individually do not significantly impact the market dynamics. These corporations span a wide range of sectors, including automotive, power, heavy equipment, metalworking, and chemicals, among others. They are engaged in various activities such as production, recycling, and innovation in the base oil market. A significant number of these firms are located in the Asia-Pacific region, which dominates the base oil market. These businesses are capitalizing on the increasing investments in the automobile sector in countries within this region. They have also been able to rebound from the decline in demand caused by the COVID-19 outbreak, thanks to the recovery of car manufacturing and production activities across various industries. Despite challenges such as fluctuations in crude oil prices and declining demand for Group I Base oils, these enterprises are poised to seize new opportunities through innovation in recycling base oils.

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Base Oil Companies - Table of Contents

1. COMPETITIVE LANDSCAPE
1. 1.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 1.2 Market Share Analysis
3. 1.3 Strategies Adopted by Leading Players
4. 1.4 Company Profiles
  1. 1.4.1 ADNOC (Abu Dhabi National Oil Company)
  2. 1.4.2 Chevron Corporation
  3. 1.4.3 China Petrochemical Corporation (SINOPEC)
  4. 1.4.4 CNOOC Limited
  5. 1.4.5 Exxon Mobil Corporation
  6. 1.4.6 Formosa Petrochemical Corporation
  7. 1.4.7 Gazprom Neft PJSC
  8. 1.4.8 GS Caltex Corporation
  9. 1.4.9 Indian Oil Corporation Ltd
  10. 1.4.10 LUKOIL
  11. 1.4.11 Nynas AB
  12. 1.4.12 Petrobras
  13. 1.4.13 PetroChina
  14. 1.4.14 PETRONAS Lubricants International
  15. 1.4.15 Philips 66 Company
  16. 1.4.16 Repsol
  17. 1.4.17 Saudi Arabian Oil Co. (ARAMCO)
  18. 1.4.18 Sepahan Oil Company
  19. 1.4.19 Shandong Qingyuan Group Co. Ltd
  20. 1.4.20 Shell PLC
  21. 1.4.21 SK Innovation Co. Ltd
  22. 1.4.22 Total Energies
5. *List Not Exhaustive

Base Oil Companies FAQs

Who are the key players in Base Oil Market?

Exxon Mobil Corporation, Saudi Arabian Oil Co. (Aramco), PetroChina, Chevron Corporation and China Petrochemical Corporation (SINOPEC) are the major companies operating in the Base Oil Market.