Global Base Oil Market Is Expected Rise at a Cagr of 1.4% from 2014-2021

Global Base Oil Market is Expected Rise at a CAGR of 1.4% from 2014-2021 – by

Market Research Engine

Summary:

Global Base Oil market stood nearly at 36,614.3 kilo tons in 2014 and is projected to reach

39,614.7 kilo tons by 2021, expanding at a CAGR of 1.4% between 2014 and 2021.

PR Body:

Florida, Feb 26: Market Research Engine has published a new report titled as “Global Base

Oil Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast,

2014 - 2021”.

Browse full report here http://marketresearchengine.com/reportdetails/globalbase-oil-market-research-report

Base oils are heavy hydrocarbons of refined crude oil. It is important in the production of its

derivative oil products such as motor oil, metal processing fluids and lubricating greases.

Chemical additives are auxiliary to these end products’ quality requirement. Base oils are

classified based on its refining method and properties into Group I to Group V. Group I

comprise of conventional paraffinic base oils. Groups II and III include pure paraffinic base

oils owing to advanced technology. Group IV contains of synthetic oils, whereas Group V

comprises naphthenic oils and others.

Group I base oils are the leading product that are further segmented into SN150, BS150,

SN500, and others. Group II base oils include 150N, 500N, 600N, and others. Group III

baseoils are bifurcated into 2cSt, 4cSt, 6cSt, and 8cSt. Group IV and Group V base oils are

included in others. Global base oils market finds applications in automotive oils, industrial

oils, process oils, metalworking fluids, hydraulicoils, and others including greases.

Automotive oils are the major application segment in terms of demand in the global base oil

market.

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http://marketresearchengine.com/requestsample/global-base-oil-marketresearch-report

Owing to quality Group I base oils are been dominated by Group II and Group III base oils.

Leading companies in the global base oil...