Paraffinic crude oil is a common type of crude oil that is used in the production of base oil. The paraffinic base oil is represented in I, II, and III groups. It proffers high flash and high viscosity index as compared to other naphthenic base oils that have a lower pour point with better additive solvency. The solvent separation technique is used to produce paraffinic base oil. The paraffinic base oil market has excellent thermal and oxidative stability..
The use of paraffinic base oil in the manyfacturing of industrial oil, maritime lubricants and lubricating greases, drives the growth of paraffinic base oil market. Besides this, growth in automible business & logistics also drives market growth. However, fluctuating price of crude oil restricts the amrket for paraffinic base oil market. An upsurge in the use of commodity paraffin in pathology laboratory and numerous industrial appluications is expected to boost the demand for paraffinic base oil market in the near future.
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Major Key Players covered in this report:
Chevron Corporation, Columbia Petro Chem Pvt. Ltd., Gandhar Oil Refinery India Limited, Panama Petrochem Ltd., PetroChina Company Limited, Raha Group, Royal Dutch Shell PLC, Tejashvi Pharma Chem, Venlub Petro Products Private Limited, Zista Group
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Paraffinic Base Oil market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Paraffinic Base Oil market segments and regions.
The research on the Paraffinic Base Oil market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Paraffinic Base Oil market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Paraffinic Base Oil market.
Paraffinic Base Oil Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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