The "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, and Non-
carcinogenic), Application (Tire & Rubber, Polymer, Personal Care, Textile), and Region
(Asia-Pacific, North America, Europe, Middle East & Africa) - Global Forecasts to 2022",
published by MarketsandMarkets™, the market is projected to grow from USD 4.61 Billion
in 2017 to USD 5.56 Billion by 2022, at a CAGR of 3.8% from 2017 to 2022.
Browse 105 market data tables and 47 figures spread through 155 pages and in-depth TOC
on "Process Oil Market - Global Forecasts to 2022"
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Based on type, the naphthenic segment is estimated to be the largest segment of the
process oil market in 2017
Based on type, the naphthenic segment is estimated to be the largest segment of the
process oil market in 2017. Asia-Pacific and North America are the major markets for
naphthenic process oil, due to the rise in the demand for naphthenic process oils from the
tire & rubber and textile applications in these two regions. Naphthenic oil producers
operating in these regions include Ergon (U.S.), San Joaquin Refining (U.S.), Tulstar
Products Inc. (U.S.), Lubline (U.S.), Cross Oil (U.S.), Idemitsu Kosan Co., Ltd. (Japan), and
Hindustan Petroleum Corporation Ltd. (India).
Based on application, the tire & rubber segment is estimated to lead the process oil
market in 2017
Process oils increase the performance of rubber and tire products and provide high
stability, with a relative inertness towards curing additives. Process oils have low volatility,
and high viscosity and plasticity. These properties are expected to drive the use of process