Chemicals and Materials Process Oil Market New | Página 2

oils in the tire & rubber segment, as the oils facilitate the blending and dispersion of fillers
in tire and rubber products and improve their elastomer workability.
Asia-Pacific is estimated to dominate the process oil market in 2017
Asia-Pacific is estimated to be the largest market for process oils in 2017 and is projected
to witness the highest growth during the forecast period, owing to the increased sales of
automobiles in the region. The increased automobile sales are expected to boost the
demand for tires and rubbers and consequently drive the consumption of process oils in
Asia-Pacific.
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Key players operating in the Process Oil Market include Royal Dutch Shell plc
(Netherlands), Chevron Corporation (U.S.), and Petronas Lubricants Belgium NV (Belgium),
Nynas AB (Sweden), ORGKHIM Biochemical Holding (Russia), Repsol S.A. (Spain), Avista Oil
AG (Germany), and Hindustan Petroleum Corporation Limited (India). Key players in the
process oil market are focusing on the development of advanced and improved products.
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