LIST OF EXHIBITS
EXHIBIT 1 SEGMENTATION OF GLOBAL BASE OIL MARKET
EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021
EXHIBIT 3 OVERVIEW OF GLOBAL BASE OIL MARKET
EXHIBIT 4 OVERVIEW OF GLOBAL BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 5 MAIN COMPONENTS OF LUBRICANTS
EXHIBIT 6 KEY MARKETS FOR BASE OIL THAT SHOWED SLOW RESILIENCE DURING COVID-19 OUTBREAK
EXHIBIT 7 KEY MARKETS FOR BASE OIL THAT SHOWED HIGH RESILIENCE DURING COVID-19 OUTBREAK
EXHIBIT 8 MERGERS & ACQUISITIONS IN GLOBAL BASE OIL MARKET
EXHIBIT 9 INDUSTRY EXPERT INSIGHTS ON GLOBAL BASE OIL MARKET
EXHIBIT 10 CURRENT ENGINE OIL STANDARDS
EXHIBIT 11 IMPACT OF HIGH DEMAND FROM AUTOMOTIVE OIL SEGMENT
EXHIBIT 12 BENEFITS OF MODERN ENGINE OIL
EXHIBIT 13 GLOBAL VEHICLE PRODUCTION 2010–2020 (THOUSAND UNITS)
EXHIBIT 14 IMPACT OF RISING DEMAND FOR GROUP II & GROUP III BASE OILS
EXHIBIT 15 IMPACT OF GROWING IMPORTANCE OF RE-REFINING BASE OILS
EXHIBIT 16 BENEFITS OF AND NEED FOR RE-REFINING BASE OILS
EXHIBIT 17 IMPACT OF GROWING DEMAND FOR BIO-BASED LUBRICANTS
EXHIBIT 18 IMPACT OF RAPID SURGE IN INDUSTRIALIZATION
EXHIBIT 19 IMPACT OF DECLINING DEMAND FOR GROUP I BASE OILS
EXHIBIT 20 TRENDS IN GROUP I BASE STOCK DEMAND 2007–2023 (METRIC TONNE/YEAR)
EXHIBIT 21 IMPACT OF HIGH DEMAND FOR ELECTRIC VEHICLES
EXHIBIT 22 GLOBAL BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 23 GLOBAL BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 24 FIVE FORCES ANALYSIS 2021
EXHIBIT 25 INCREMENTAL GROWTH BY SEGMENT 2021 & 2027
EXHIBIT 26 CLASSIFICATION OF GLOBAL BASE OIL MARKET BY GROUP
EXHIBIT 27 GROWTH MOMENTUM OUTLOOK FOR GLOBAL BASE OIL MARKET 2021–2027
EXHIBIT 28 INCREMENTAL GROWTH BY END USER 2021–2027 ($ BILLION)
EXHIBIT 29 CAGR COMPARISON OF GLOBAL BASE OIL MARKET BY GROUP 2021–2027
EXHIBIT 30 BENEFITS OF IMO 2020 REGULATION
EXHIBIT 31 GLOBAL GROUP I BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 32 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
EXHIBIT 33 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
EXHIBIT 34 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
EXHIBIT 35 EXAMPLES OF GROUP V BASE OIL
EXHIBIT 36 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
EXHIBIT 37 INCREMENTAL GROWTH BY SEGMENT 2021 & 2027
EXHIBIT 38 CLASSIFICATION OF GLOBAL BASE OIL MARKET BY END USER
EXHIBIT 39 GROWTH MOMENTUM OUTLOOK FOR GLOBAL BASE OIL MARKET 2021–2027
EXHIBIT 40 GLOBAL BASE OIL MARKET BY END USER 2027 (% SHARE)
EXHIBIT 41 GLOBAL AUTOMOTIVE BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 42 GLOBAL INDUSTRIAL BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 43 GLOBAL PROCESS BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 44 GLOBAL METALWORKING FLUID BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 45 GLOBAL GREASE BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 46 GLOBAL OTHERS BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 47 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027 (VALUE)
EXHIBIT 48 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027 (VOLUME)
EXHIBIT 49 MARKET DYNAMICS OF GLOBAL BASE OIL MARKET 2021–2027
EXHIBIT 50 GROWTH DRIVERS FOR NORTH AMERICA BASE OIL MARKET
EXHIBIT 51 PASSENGER VEHICLE PRODUCTION IN NORTH AMERICA 2005–2020
EXHIBIT 52 OVERVIEW OF NORTH AMERICA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 53 NORTH AMERICA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 54 NORTH AMERICA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 55 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027 (VALUE)
EXHIBIT 56 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027 (VOLUME)
EXHIBIT 57 US BASE OIL PRODUCTION 2015–2020 (1,000 BARRELS, JANUARY-JUNE)
EXHIBIT 58 US BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 59 US BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 60 CANADA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 61 CANADA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 62 OVERVIEW OF LATIN AMERICA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 63 LATIN AMERICA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 64 LATIN AMERICA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 65 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027 (VALUE)
EXHIBIT 66 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027 (VOLUME)
EXHIBIT 67 BRAZIL BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 68 BRAZIL BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 69 MEXICO BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 70 MEXICO BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 71 OVERVIEW OF MIDDLE EAST & AFRICA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 72 MIDDLE EAST & AFRICA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 73 MIDDLE EAST & AFRICA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 74 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2021 & 2027 (VALUE)
EXHIBIT 75 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2021 & 2027 (VOLUME)
EXHIBIT 76 SAUDI ARABIA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 77 SAUDI ARABIA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 78 UAE BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 79 UAE BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 80 IRAN BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 81 IRAN BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 82 OVERVIEW OF EUROPE BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 83 EUROPE BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 84 EUROPE BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 85 INCREMENTAL GROWTH IN EUROPE 2021 & 2027 (VALUE)
EXHIBIT 86 INCREMENTAL GROWTH IN EUROPE 2021 & 2027 (VOLUME)
EXHIBIT 87 GERMANY BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 88 GERMANY BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 89 RUSSIA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 90 RUSSIA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 91 FRANCE BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 92 FRANCE BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 93 SPAIN BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 94 SPAIN BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 95 UK BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 96 UK BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 97 OVERVIEW OF APAC BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 98 APAC BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 99 APAC BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 100 INCREMENTAL GROWTH IN APAC 2021 & 2027 (VALUE)
EXHIBIT 101 INCREMENTAL GROWTH IN APAC 2021 & 2027 (VOLUME)
EXHIBIT 102 CHINA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 103 CHINA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 104 INDIA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 105 INDIA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 106 PRODUCTION OF MOTOR VEHICLES (CARS & TRUCK) 2015–2019
EXHIBIT 107 JAPAN BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 108 JAPAN BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 109 INDONESIA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 110 INDONESIA BASE OIL MARKET 2021–2027 (KILOTONS)
EXHIBIT 111 SOUTH KOREA BASE OIL MARKET 2021–2027 ($ BILLION)
EXHIBIT 112 SOUTH KOREA BASE OIL MARKET 2021–2027 (KILOTONS)
LIST OF TABLES
TABLE 1 KEY CAVEATS
TABLE 2 CURRENCY CONVERSION 2015−2021
TABLE 3 CHINA VEHICLE PRODUCTION IN DECEMBER 2021
TABLE 4 VALUE ADDED BY VARIOUS INDUSTRIES ($ MILLION)
TABLE 5 OIL PRODUCTION IN COUNTRIES WORLDWIDE 2018–2020 (MILLION TONNES)
TABLE 6 POWER GENERATION IN SELECTED COUNTRIES 2018–2020 (TERAWATT-HOURS)
TABLE 7 GLOBAL AUTOMOTIVE PRODUCTION Q1–Q3 2019–2021 (UNITS)
TABLE 8 CLASSIFICATION OF BASE OILS ACCORDING TO API (AMERICAN PETROLEUM INSTITUTE)
TABLE 9 COMPARISON OF BASE OIL CATEGORIES
TABLE 10 GROUP I BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 11 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 12 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 13 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 14 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 15 GLOBAL AUTOMOTIVE BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 16 GLOBAL INDUSTRIAL BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 17 GLOBAL PROCESS BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 18 GLOBAL METALWORKING FLUID BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 19 GLOBAL GREASE BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 20 GLOBAL OTHER BASE OILS MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 21 NORTH AMERICA BASE OIL MARKET BY GROUP TYPE 2021–2027 ($ BILLION)
TABLE 22 NORTH AMERICA BASE OIL MARKET BY END USER 2021–2027 ($ BILLION)
TABLE 23 LATIN AMERICA BASE OIL MARKET BY GROUP TYPE 2021–2027 ($ BILLION)
TABLE 24 LATIN AMERICA BASE OIL MARKET BY END USER 2021–2027 ($ BILLION)
TABLE 25 MIDDLE EAST & AFRICA BASE OIL BY GROUP TYPE 2021–2027 ($ BILLION)
TABLE 26 MIDDLE EAST & AFRICA BASE OIL MARKET BY END USER 2021–2027 ($ BILLION)
TABLE 27 EUROPE BASE OIL MARKET BY GROUP TYPE 2021–2027 ($ BILLION)
TABLE 28 EUROPE BASE OIL MARKET BY END USER 2021–2027 ($ BILLION)
TABLE 29 APAC BASE OIL BY GROUP TYPE 2021–2027 ($ BILLION)
TABLE 30 APAC BASE OIL MARKET BY END USER 2021–2027 ($ BILLION)
TABLE 31 EXXON MOBIL CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 32 CHEVRON CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 33 PETRO-CANADA LUBRICANTS: MAJOR PRODUCT OFFERINGS
TABLE 34 SAUDI ARABIAN OIL CO.: MAJOR PRODUCT OFFERINGS
TABLE 35 PHILLIPS 66: MAJOR PRODUCT OFFERINGS
TABLE 36 ASIAN OIL COMPANY: MAJOR PRODUCT OFFERINGS
TABLE 37 HINDUSTAN PETROLEUM CORPORATION (HPCL): MAJOR PRODUCT OFFERINGS
TABLE 38 NESTE: MAJOR PRODUCT OFFERINGS
TABLE 39 AVISTA OIL DEUTSCHLAND GMBH: MAJOR PRODUCT OFFERINGS
TABLE 40 SEPAHAN OIL COMPANY: MAJOR PRODUCT OFFERINGS
TABLE 41 GS CALTEX CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 42 PBF ENERGY: MAJOR PRODUCT OFFERINGS
TABLE 43 HOLLYFRONTIER CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 44 ABU DHABI NATIONAL OIL COMPANY: MAJOR PRODUCT OFFERINGS
TABLE 45 ERGON: MAJOR PRODUCT OFFERINGS
TABLE 46 SBZ CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 47 PETROYAG: MAJOR PRODUCT OFFERINGS
TABLE 48 ISHTAR COMPANY: MAJOR PRODUCT OFFERINGS
TABLE 49 YUNITCO: MAJOR PRODUCT OFFERINGS
TABLE 50 SAN JOAQUIN CORPORATION, CO. LTD: MAJOR PRODUCT OFFERINGS
TABLE 51 GRUPA LOTOS SA: MAJOR PRODUCT OFFERINGS
TABLE 52 MOL GROUP: MAJOR PRODUCT OFFERINGS
TABLE 53 VERTEX ENERGY INC: MAJOR PRODUCT OFFERINGS
TABLE 54 GLOBAL GROUP I BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 55 GLOBAL GROUP I BASE OIL MARKET BY GEOGRAPHY 2021–2027 (%)
TABLE 56 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 57 GLOBAL GROUP II BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 58 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 59 GLOBAL GROUP III BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 60 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 61 GLOBAL GROUP IV BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 62 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 63 GLOBAL GROUP V BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 64 GLOBAL AUTOMOTIVE BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 65 GLOBAL AUTOMOTIVE BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 66 GLOBAL INDUSTRIAL BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 67 GLOBAL INDUSTRIAL BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 68 GLOBAL PROCESS BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 69 GLOBAL PROCESS BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 70 GLOBAL METALWORKING FLUID BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 71 GLOBAL METALWORKING FLUID BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 72 GLOBAL GREASE BASE OIL MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 73 GLOBAL GREASE BASE OIL MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 74 GLOBAL OTHER BASE OILS MARKET BY GEOGRAPHY 2021–2027 ($ BILLION)
TABLE 75 GLOBAL OTHER BASE OILS MARKET BY GEOGRAPHY 2021–2027 (% SHARE)
TABLE 76 NORTH AMERICA BASE OIL MARKET BY GROUP 2021–2027 ($ BILLION)
TABLE 77 NORTH AMERICA BASE OIL MARKET BY END USER 2021–2027 ($ BILLION)
TABLE 78 EUROPE BASE OIL MARKET BY GROUP 2021–2027 ($ BILLION)
TABLE 79 EUROPE BASE OIL BY END USER 2021–2027 ($ BILLION)
TABLE 80 APAC BASE OIL MARKET BY GROUP 2021–2027 ($ BILLION)
TABLE 81 APAC BASE OIL MARKET BY GROUP 2021–2027 ($ BILLION)
TABLE 82 LATIN AMERICA BASE OIL MARKET BY GROUP 2021–2027 ($ BILLION)
TABLE 83 LATIN AMERICA BASE OIL MARKET BY END USER 2021–2027 ($ BILLION)
TABLE 84 MIDDLE EAST & AFRICA BASE OIL BY GROUP 2021–2027 ($ BILLION)
TABLE 85 MIDDLE EAST & AFRICA BASE OIL BY END USER 2021–2027 ($ BILLION)