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市場調查報告書
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1407639

潤滑油煉油廠市場的專業 - 2018-2028 年按類型、石油、地區、競爭細分的全球行業規模、佔有率、趨勢、機會和預測。

Specialties of Lube Oil Refinery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type, By Oil, By Region, By Competition 2018-2028.
出版日期: | 出版商: TechSci Research | 英文 181 Pages | 商品交期: 2-3個工作天內

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簡介目錄

2022 年，全球特種潤滑油精煉市場價值為 112.5 億美元，預測期內CAGR為 14.86%。由於環境問題日益嚴重，生物基潤滑油的發展將進一步擴大特種潤滑油精煉市場的未來成長。製藥、化妝品和汽車等各行業對潤滑油的需求不斷成長，刺激了市場的成長。此外，由於引擎中使用潤滑油，可支配收入的增加導致對汽車的需求增加，也推動了市場的成長。然而，對潤滑劑處置可能造成嚴重環境污染的擔憂可能會挑戰市場成長。

對潤滑油的需求不斷成長：

市場概況
預測期 2024-2028
2022 年市場規模 112.5億美元
2028 年市場規模 260.6億美元
2023-2028 年CAGR 14.86%
成長最快的細分市場 全精煉蠟
最大的市場 北美洲

潤滑油精煉市場的主要驅動力是各行業對潤滑油的需求不斷成長。潤滑劑對於機械的平穩運作至關重要，可以減少摩擦和磨損，從而提高設備的使用壽命和效率。隨著全球工業化和製造業活動的激增，對潤滑油的需求也隨之增加，推動了潤滑油精煉廠的擴張。

汽車產業成長：

汽車產業是潤滑油的主要消費者，而機油是車輛維護的關鍵組成部分。蓬勃發展的汽車產業，尤其是新興經濟體的汽車產業，對潤滑油的需求做出了巨大貢獻。隨著越來越多的車輛上路，對高品質潤滑油的需求不斷升級，推動潤滑油煉油市場向前發展。

技術進步：

煉油技術的不斷進步有助於潤滑油煉油市場的成長。加氫裂解和加氫處理等煉油製程的創新能夠生產具有增強性能特徵的優質基礎油。這些技術進步不僅提高了潤滑油生產的效率，而且符合監管機構制定的不斷發展的規範和標準。

環境法規：

嚴格的環境法規推動了環保潤滑油的開發和採用。潤滑油精煉廠被迫投資於減少其製程和產品對環境影響的技術。這包括生產排放量更低、毒性更低、生物分解性更高的潤滑油。遵守環境標準成為市場參與者的關鍵驅動力，促進該行業的創新。

全球工業化：

持續不斷的全球工業化進程大大增加了各種工業應用對潤滑油的需求。從製造到發電，潤滑油有廣泛的用途。工業的擴張，尤其是發展中地區的工業擴張，增加了對潤滑油的需求，從而推動了潤滑油煉油市場的發展。

不斷成長的能源產業：

能源產業，包括石油和天然氣探勘、生產和精煉，嚴重依賴潤滑油進行機械維護。在全球能源需求不斷成長的推動下，能源產業持續成長，直接轉化為對潤滑油的需求增加。這是潤滑油煉油市場的重要推手。

原油價格波動：

潤滑油煉油廠市場與原油價格動態密切相關。原油價格的波動影響潤滑油生產的原料成本。當原油價格較低時，隨著原料成本的下降，潤滑油精煉廠的獲利能力通常會增加。相反，在原油價格高企期間，煉油廠可能面臨成本挑戰，需要提高效率和策略成本管理。

地緣政治因素：

產油地區衝突或政治領導層變動等地緣政治事件可能對全球石油市場產生深遠影響。地緣政治格局的不確定性可能導致油價波動，影響潤滑油煉製的經濟性。潤滑油煉油市場的公司必須應對這些不確定性並適應不斷變化的地緣政治條件。

市場整合與策略聯盟：

潤滑油煉油市場透過併購進行整合。大公司經常收購小型煉油廠，以加強其市場地位並獲得新技術或地理市場的機會。公司之間的策略聯盟和夥伴關係也在塑造市場競爭格局、促進創新和高效資源利用方面發揮作用。

關注永續實踐：

永續發展已成為潤滑油煉油市場的關鍵驅動力。人們越來越重視永續實踐，包括使用再生原料、節能製程以及生物基潤滑劑的開發。積極擁抱永續發展的公司不僅能滿足不斷變化的消費者偏好，還能在市場中佔據有利地位。

總而言之，全球潤滑油煉油市場受到複雜的相互作用因素的影響，其中對潤滑油的需求是最重要的。市場的成長與工業化、技術進步、監管環境和全球經濟狀況密切相關。隨著產業的發展，參與者必須保持敏捷，擁抱創新和永續發展，以滿足最終用戶的動態需求並遵守不斷變化的環境標準。潤滑油煉油市場的未來可能取決於煉油技術的不斷進步、對永續實踐的追求以及產業參與者應對地緣政治和經濟不確定性的能力。

主要市場挑戰

技術複雜性與升級：

潤滑油煉油產業面臨著跟上技術快速進步步伐的挑戰。隨著產業的發展，煉油廠必須不斷投資升級其設施，以採用最新技術。這包括煉油工藝、催化劑和儀器的進步。這些技術升級的複雜性帶來了挑戰，因為它需要大量的資本投資和熟練的勞動力來有效地實施和操作這些先進的系統。

環境法規與合規性：

雖然環境法規也被認為是該行業的驅動力，但它們同時也帶來了挑戰。遵守日益嚴格的環境標準要求煉油廠採取更清潔、更永續的做法。這涉及對污染控制技術、廢水處理和低排放潤滑油開發的投資。滿足這些監管要求增加了潤滑油煉油廠的營運和財務壓力。

原油價格波動：

潤滑油煉油市場對原油價格波動高度敏感。全球石油價格的波動可能會影響潤滑油生產的原料成本。煉油廠的利潤率通常很低，原油價格的意外飆升可能導致生產成本增加。管理這種不確定性需要有效的風險管理策略和適應不斷變化的市場條件的靈活性。

消費者偏好的轉變：

消費者偏好和對永續生物基潤滑油的需求不斷變化，對傳統潤滑油精煉廠提出了挑戰。在環保意識的推動下，人們越來越重視環保和可生物分解的潤滑油。煉油廠必須調整其產品組合，以適應這些不斷變化的偏好，這可能涉及新製程的開發和替代原料的加入。

來自替代技術的競爭：

潤滑油精煉市場面臨替代技術的競爭，包括合成潤滑油和生物基替代品。合成潤滑油以其高性能特性而聞名，對傳統礦物基潤滑油構成了競爭挑戰。此外，源自再生資源的生物基潤滑油的出現為市場帶來了新的維度，要求傳統煉油廠進行創新以保持競爭優勢。

供應鏈中斷：

潤滑油精煉產業很容易受到供應鏈中斷的影響，這可能是由地緣政治事件、自然災害或不可預見的全球危機引起的。供應鏈中斷可能會影響原料的供應，導致生產延誤和成本增加。強大的供應鏈管理和應急計劃對於減輕不可預見的中斷的影響至關重要。

經濟不確定性：

全球經濟的不確定性，包括經濟衰退和貨幣價值波動，可能會影響潤滑油的需求。在經濟衰退期間，工業可能會減少產量，從而導致對潤滑油的需求減少。潤滑油煉油廠必須應對這些經濟不確定性，並實施策略，以在充滿挑戰的經濟條件下保持營運彈性。

研發與創新壓力：

對高性能潤滑油的持續需求以及滿足不斷發展的行業標準的需求給潤滑油精煉廠的研發 (R&D) 工作帶來了巨大壓力。投資創新來開發新配方、添加劑和生產流程對於在競爭激烈的市場中保持領先至關重要。然而，與研發相關的成本和時間可能會很大，這給一些煉油廠帶來了挑戰。

全球地緣政治動態：

貿易緊張、制裁和產油地區政治不穩定等地緣政治因素可能影響全球原油供應和定價。潤滑油煉油市場與石油產業密切相關，也不能倖免於可能出現的地緣政治挑戰。與地緣政治動態相關的不確定性可能會造成市場波動並影響潤滑油煉油廠的策略決策。

向再生能源過渡

全球向再生能源的過渡對潤滑油煉油市場構成了長期挑戰。隨著世界尋求減少對化石燃料的依賴，對傳統潤滑油的需求可能面臨逐漸下降。潤滑油精煉廠必須預見這種轉變，並探索多元化策略，例如投資生物基潤滑油或探索新興能源領域的合作關係。

主要市場趨勢

潤滑油煉油廠市場動態的特點

潤滑油用於減輕不斷接觸的機械部件之間的摩擦。它主要用於機動車輛潤滑引擎。合成蠟和生物基蠟的需求不斷成長是全球潤滑油精煉市場的主要挑戰。蠟燭製造、橡膠加工、人口成長、生活方式改變和人均收入增加等應用不斷成長的需求也推動了潤滑油精煉市場的專業化。

但是，石蠟供應的減少在很大程度上限制了全球潤滑油精煉市場的特殊產品的成長。潤滑油精煉市場特種產品的需求面以化妝品、包裝、橡膠製造、蠟燭製造、製藥等產業的發展為特色。供應方依專業潤滑油煉油生產商進行的市場整合活動進行分類。

對 FDA 批准的食品和飲料礦物油的需求

不斷發展的食品工業引起了人們對低級礦物油的嚴重擔憂，這些礦物油被認為有毒，可能會影響人類健康。食品級礦物油經過精煉，可安全用於食品工業。食品級白礦物油是由不含芳香族物質和石蠟以及含氧、硫和氮的雜環烴化合物的石油基礎油精製而成的油。

食品級白礦物油符合美國 FDA 21 CFR 172.878 法規的嚴格要求。食品級潤滑劑被歸類為 NSF 3H 材料，使其適合用於經常需要透過油直接接觸食品的應用。

該材料也被歸類為 NSF H1 材料，使其適合用於油與食品可能發生意外接觸的應用。食品級白礦物油是調配 NSF H1 潤滑油的首選基礎油，適用於意外接觸食品的食品加工設備的潤滑。白油通常用於塑膠製造。餐飲杯子、餐具和包裝都是用白油生產的。

人們越來越擔心原油對環境和人類健康的影響

人們對原油對環境和人類健康的日益擔憂正在限制潤滑油煉油市場的專業化。原油作為石蠟的來源，被認為是高度不永續的，因為它是一種不可再生資源。它也是許多環境災難、石油洩漏和氣候變遷的根源。石蠟是一種石油廢品，在製成蠟之前必須經過除臭和化學漂白。

石油基石蠟在市場上廣泛應用於蠟燭、蠟紙、拋光劑、化妝品和電絕緣體等商業產品。如今，大多數蠟燭都是由石蠟製成的，燃燒時會產生劇毒的苯和甲苯。石蠟蠟燭釋放的毒素與柴油煙霧中發現的毒素相同，並且與氣喘和肺癌有關。

細分市場洞察

類型洞察

在預測期內，全精煉蠟細分市場將主導潤滑油精煉市場的全球特種產品。對精煉蠟的需求不斷成長是因為其高純度和良好的保濕性能。它們促進了許多應用，例如化妝品、護膚品和食品包裝。全精煉蠟用於冷霜、口紅、油紙、軟膏、瀉藥、巧克力和口香糖等產品。蠟燭製造是全精煉蠟的另一個主要應用。

區域洞察

就價值而言，亞太地區特種潤滑油精煉市場預計在預測期內將實現最高的CAGR。由於北美和歐洲成長緩慢，亞太地區潤滑油精煉市場的特種油成長緩慢。這為亞太地區潤滑油精煉廠的特種產品消費創造了巨大的機會。亞太地區消費者生活方式和購買力平價的變化也推動了化妝品、製藥和包裝行業使用潤滑油精煉廠的專業產品。

目錄

第 1 章：產品概述

  • 市場定義
  • 市場範圍
  • 涵蓋的市場
  • 研究年份
  • 主要市場區隔

第 2 章：研究方法

  • 研究目的
  • 基線方法
  • 主要產業夥伴
  • 主要協會和二手資料來源
  • 預測方法
  • 數據三角測量與驗證
  • 假設和限制

第 3 章：執行摘要

第 4 章：客戶之聲

第 5 章：全球特色潤滑油精煉市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按類型（全精煉蠟、白油、橡膠加工油、疏鬆蠟、半精煉蠟、凡士林、微晶蠟等）
    • 依油品分類（I類基礎油、II類基礎油、III類基礎油）
    • 按地區
  • 按公司分類 (2022)
  • 市場地圖

第 6 章：北美特色潤滑油精煉市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按類型
    • 透過石油
    • 按國家/地區
  • 北美：國家分析
    • 美國
    • 加拿大
    • 墨西哥

第 7 章：全球特色潤滑油精煉市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按類型
    • 透過石油
    • 按國家/地區
  • 亞太地區：國家分析
    • 中國潤滑油精煉特產
    • 印度潤滑油精煉廠特色產品
    • 日本潤滑油精煉特產
    • 韓國特色潤滑油精煉廠
    • 印尼特色潤滑油精煉廠

第 8 章：歐洲特種潤滑油精煉市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按類型
    • 透過石油
    • 按國家/地區
  • 歐洲：國家分析
    • 德國
    • 英國
    • 法國
    • 俄羅斯
    • 西班牙

第 9 章：南美洲特色潤滑油精煉市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按類型
    • 透過石油
    • 按國家/地區
  • 南美洲：國家分析
    • 巴西
    • 阿根廷

第 10 章：中東和非洲特色潤滑油精煉市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按類型
    • 透過石油
    • 按國家/地區
  • 中東和非洲：國家分析
    • 沙烏地阿拉伯
    • 南非
    • 阿拉伯聯合大公國
    • 以色列
    • 埃及

第 11 章：市場動態

  • 促進要素
  • 挑戰

第 12 章：市場趨勢與發展

第 13 章：公司簡介

  • 埃克森美孚公司。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 中國石化集團公司.
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 荷蘭皇家殼牌公司。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 埃尼溫泉浴場。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 沙索有限公司
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 總 SA。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services
  • 中國石油天然氣股份有限公司。
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel
    • Key Product/Services

第 14 章：策略建議

第 15 章：關於我們與免責聲明

簡介目錄
Product Code: 20438

The Global Specialties of Lube Oil Refinery Market was valued at USD 11.25 Billion in 2022 and is growing at a CAGR of 14.86%during the forecast period. the development of bio-based lubricants due to the rising environmental concerns will further expand the future growth of the specialties of lube oil refinery market. The increasing demand for lubricants from various industries such as pharmaceutical, cosmetics, and automobile is stimulating the market growth. Furthermore, rising disposable income leading to an increase in the demand for automobile, owing to the usage of lubricants in engines, is also fueling the market growth. However, concerns regarding the disposals of lubricants which may cause serious environmental contamination, could challenge the market growth.

Key Market Drivers

Rising Demand for Lubricants:

Market Overview
Forecast Period2024-2028
Market Size 2022USD 11.25 Billion
Market Size 2028USD 26.06 Billion
CAGR 2023-202814.86%
Fastest Growing SegmentFully Refined Wax
Largest MarketNorth America

The primary driver for the lube oil refinery market is the increasing demand for lubricants across diverse industries. Lubricants are integral to the smooth functioning of machinery, reducing friction and wear, thus enhancing the lifespan and efficiency of equipment. As industrialization and manufacturing activities surge globally, the need for lubricating oils follows suit, driving the expansion of lube oil refineries.

Automotive Industry Growth:

The automotive sector is a major consumer of lubricants, with engine oils being a critical component for vehicle maintenance. The burgeoning automotive industry, particularly in emerging economies, contributes significantly to the demand for lube oils. As more vehicles hit the roads, the need for high-quality lubricants escalates, propelling the lube oil refinery market forward.

Technological Advancements:

Continuous advancements in refining technologies contribute to the growth of the lube oil refinery market. Innovations in refining processes, such as hydrocracking and hydrotreating, enable the production of superior-quality base oils with enhanced performance characteristics. These technological strides not only improve the efficiency of lube oil production but also align with the evolving specifications and standards set by regulatory bodies.

Environmental Regulations:

Stringent environmental regulations drive the development and adoption of environmentally friendly lubricants. Lube oil refineries are compelled to invest in technologies that reduce the environmental impact of their processes and products. This includes the production of lubricants with lower emissions, reduced toxicity, and improved biodegradability. Compliance with environmental standards becomes a key driver for market participants, fostering innovation in the sector.

Global Industrialization:

The ongoing process of global industrialization contributes significantly to the demand for lubricants in various industrial applications. From manufacturing to power generation, lubricating oils find extensive use. The expansion of industries, especially in developing regions, amplifies the need for lube oils, thereby boosting the lube oil refinery market.

Growing Energy Sector:

The energy sector, encompassing oil and gas exploration, production, and refining, relies heavily on lubricants for machinery maintenance. The continual growth of the energy sector, driven by increasing energy demand worldwide, directly translates into an elevated requirement for lube oils. This serves as a substantial driver for the lube oil refinery market.

Fluctuations in Crude Oil Prices:

The lube oil refinery market is intricately linked to the price dynamics of crude oil. Fluctuations in crude oil prices impact the cost of feedstock for lube oil production. When crude oil prices are low, it often leads to increased profitability for lube oil refineries, as the cost of raw materials decreases. Conversely, during periods of high crude oil prices, refineries may face cost challenges, necessitating efficiency improvements and strategic cost management.

Geopolitical Factors:

Geopolitical events, such as conflicts in oil-producing regions or changes in political leadership, can have profound effects on the global oil market. Uncertainties related to the geopolitical landscape can lead to fluctuations in oil prices, affecting the economics of lube oil refining. Companies in the lube oil refinery market must navigate these uncertainties and adapt to changing geopolitical conditions.

Market Consolidation and Strategic Alliances:

The lube oil refinery market has witnessed consolidation through mergers and acquisitions. Large companies often acquire smaller refineries to strengthen their market position and gain access to new technologies or geographic markets. Strategic alliances and partnerships between companies also play a role in shaping the competitive landscape of the market, fostering innovation and efficient resource utilization.

Focus on Sustainable Practices:

Sustainability has become a key driver in the lube oil refinery market. There is a growing emphasis on sustainable practices, including the use of renewable feedstocks, energy-efficient processes, and the development of bio-based lubricants. Companies that proactively embrace sustainability not only meet evolving consumer preferences but also position themselves favorably in the market.

In conclusion, the global lube oil refinery market is influenced by a complex interplay of factors, with the demand for lubricants at the forefront. The market's growth is intricately tied to industrialization, technological advancements, regulatory landscape, and global economic conditions. As the industry evolves, participants must remain agile, embracing innovation and sustainability to meet the dynamic needs of end-users and adhere to changing environmental standards. The future of the lube oil refinery market will likely be shaped by ongoing advancements in refining technologies, the pursuit of sustainable practices, and the ability of industry players to navigate geopolitical and economic uncertainties.

Key Market Challenges

Technological Complexity and Upgradation:

The lube oil refinery sector faces the challenge of keeping pace with rapid technological advancements. As the industry evolves, refineries must continually invest in upgrading their facilities to incorporate the latest technologies. This includes advancements in refining processes, catalysts, and instrumentation. The complexity of these technological upgrades poses a challenge, as it requires substantial capital investment and a skilled workforce to implement and operate these advanced systems effectively.

Environmental Regulations and Compliance:

While environmental regulations are also considered a driver for the industry, they simultaneously present challenges. Compliance with increasingly stringent environmental standards requires refineries to adopt cleaner and more sustainable practices. This involves investments in pollution control technologies, wastewater treatment, and the development of low-emission lubricants. Meeting these regulatory requirements adds both operational and financial pressures on lube oil refineries.

Volatility in Crude Oil Prices:

The lube oil refinery market is highly sensitive to fluctuations in crude oil prices. The volatility in global oil prices can impact the cost of feedstock for lube oil production. Refineries often operate on thin profit margins, and unexpected spikes in crude oil prices can lead to increased production costs. Managing this uncertainty requires effective risk management strategies and flexibility in adapting to changing market conditions.

Shift in Consumer Preferences:

Changing consumer preferences and demands for sustainable and bio-based lubricants pose a challenge for traditional lube oil refineries. There is an increasing emphasis on eco-friendly and biodegradable lubricants, driven by environmental awareness. Refineries must adapt their product portfolios to align with these changing preferences, which may involve the development of new processes and the incorporation of alternative feedstocks.

Competition from Alternative Technologies:

The lube oil refinery market faces competition from alternative technologies, including synthetic lubricants and bio-based alternatives. Synthetic lubricants, known for their high-performance characteristics, pose a competitive challenge to traditional mineral-based lubricants. Additionally, the emergence of bio-based lubricants derived from renewable sources introduces a new dimension to the market, requiring traditional refineries to innovate to maintain their competitive edge.

Supply Chain Disruptions:

The lube oil refinery sector is susceptible to supply chain disruptions, which can be caused by geopolitical events, natural disasters, or unforeseen global crises. Disruptions in the supply chain can affect the availability of raw materials, leading to production delays and increased costs. Robust supply chain management and contingency planning become imperative to mitigate the impact of unforeseen disruptions.

Economic Uncertainties:

Global economic uncertainties, including recessions and fluctuations in currency values, can impact the demand for lubricants. During economic downturns, industries may reduce production, leading to a decreased need for lubricating oils. Lube oil refineries must navigate these economic uncertainties and implement strategies to maintain operational resilience during challenging economic conditions.

R&D and Innovation Pressures:

The continuous demand for high-performance lubricants and the need to meet evolving industry standards place significant pressure on research and development (R&D) efforts within lube oil refineries. Investing in innovation to develop new formulations, additives, and production processes is essential to stay ahead in a competitive market. However, the costs and time associated with R&D can be substantial, posing a challenge for some refineries.

Global Geopolitical Dynamics:

Geopolitical factors, such as trade tensions, sanctions, and political instability in oil-producing regions, can impact the global supply and pricing of crude oil. The lube oil refinery market, being closely tied to the oil industry, is not immune to the geopolitical challenges that may arise. Uncertainties related to geopolitical dynamics can create market volatility and impact the strategic decision-making of lube oil refineries.

Transition to Renewable Energy

The global transition toward renewable energy sources poses a long-term challenge for the lube oil refinery market. As the world seeks to reduce reliance on fossil fuels, the demand for traditional lubricants may face a gradual decline. Lube oil refineries must anticipate this shift and explore diversification strategies, such as investing in bio-based lubricants or exploring partnerships in emerging energy sectors.

Key Market Trends

Specialties of Lube Oil Refinery Market Dynamics

Lube oil is used to alleviate the friction between mechanical components that are constantly in contact with each other. It is prominently used in motorized vehicles to lubricate the engine. Increasing demand for synthetic and bio-based waxes is the major challenge of the global specialties of the lube oil refinery market. Growing demand from applications such as candle manufacturing, rubber processing, growing population, changing lifestyle, and increasing per-capita income is also driving the specialties of the lube oil refinery market.

But, the shrinking supply of paraffin wax is majorly restraining the growth of the specialties of the lube oil refinery market globally. The demand side of specialties of lube oil refinery market is characterized by the developments in the cosmetics, packaging, rubber manufacturing, candle manufacturing, and pharmaceutical industries. The supply side is categorized by market consolidation activities undertaken by specialties of lube oil refinery producers.

Demand for FDA-approved food & beverages mineral oils

The growing food industry has raised severe concerns over low-grade mineral oils, considered toxic and may affect human health. Food-grade mineral oils are refined and safe for use in the food industry. Food-grade white mineral oils are refined oils derived from petroleum base oils free of aromatic species and paraffin wax and heterocyclic hydrocarbon compounds containing oxygen, sulfur, and nitrogen.

Food-grade white mineral oils satisfy the stringent requirements of U.S. FDA regulations in 21 CFR 172.878. The food-grade lubricants are classified as NSF 3H materials, making them suitable for adoption in applications where immediate contact with food by the oil is often intended.

The material is also categorized as NSF H1 materials, making them suitable for usage in applications where unplanned contact of the oil with food can occur. Food-grade white mineral oils are the preferred base fluid for blending NSF H1 lubricants, suitable for lubrication in food processing equipment where accidental food contact occurs. White oil is usually utilized in plastic manufacturing. Foodservice cups, utensils, and packaging are all produced with white oil.

Rising concerns about crude oil on environment and human health

The rising concerns about crude oil on the environment and human health is restraining the specialties of the lube oil refinery market. Crude oil, being the origin of paraffin wax, is regarded as highly unsustainable because it is a non-renewable resource. It has also been the root of many environmental calamities, oil spills, and climate change. Paraffin is a petroleum waste product that must be deodorized and chemically bleached before making it into wax.

The market has extensive applications of petroleum-based paraffin wax in candles, wax paper, polishes, cosmetics, and electrical insulators, among other commercial items. Today, most candles are manufactured from paraffin wax, which produces highly toxic benzene and toluene when burned. The toxins released from paraffin candles are identical to those found in diesel fuel fumes and are associated with asthma and lung cancer.

Segmental Insights

Type Insights

The fully refined wax segment will dominate the global specialties of the lube oil refinery market during the forecast period. The growing demand for fully refined wax is because of its high purity levels and good moisturizing property. They promotes many applications, for instance, cosmetics, skincare, and food packaging. Fully refined wax is used in products such as cold creams, lipsticks, oily papers, ointments, laxatives, chocolates, and chewing gums. Candle manufacturing is another main application of fully refined wax..

Regional Insights

The Asia Pacific specialties of the lube oil refinery market is expected to register the highest CAGR, in terms of value, over the forecast period. The specialties APAC specialties of the lube oil refinery market has observed a sluggish growth, owing to the slow growth in North America and Europe. This created huge opportunities for the consumption of specialties of the lube oil refinery in the Asia Pacific. Change in lifestyle and purchasing power parity of the consumers in the APAC region is also driving the use of specialties of a lube oil refinery in the cosmetics, pharmaceutical, and packaging industries.

Key Market Players

Exxon Mobil Corporation

Sinopec Corporation

Royal Dutch Shell Plc

Eni S.P.A.

Sasol Ltd.

Total SA

Petrochina Company Limited.

Report Scope:

In this report, the Global Specialties of Lube Oil Refinery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Specialties of Lube Oil Refinery Market, By Type:

  • Fully Refined Wax
  • White Oil
  • Rubber Process Oi
  • Slack wax
  • Semi Refined Wax
  • Petrolatum
  • Microcrystalline Wax Others

Global Specialties of Lube Oil Refinery Market, By Oil :

  • Group I Base Oil
  • Group II Base Oil
  • Group III Base Oil

Global Smart Waste Management Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Europe
  • Germany
  • United Kingdom
  • France
  • Russia
  • Spain
  • South America
  • Brazil
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Egypt
  • UAE
  • Israel

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Specialties of Lube Oil Refinery Market.

Available Customizations:

  • Global Specialties of Lube Oil Refinery Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
  • 1.3. Markets Covered
  • 1.4. Years Considered for Study
  • 1.5. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Specialties of Lube Oil Refinery Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type (Fully Refined Wax, White Oil, Rubber Process Oil, Slack wax, Semi Refined Wax, Petrolatum, Microcrystalline Wax and Others)
    • 5.2.2. By Oil (Group I Base Oil, Group II Base Oil and Group III Base Oil)
    • 5.2.3. By Region
  • 5.3. By Company (2022)
  • 5.4. Market Map

6. North America Specialties of Lube Oil Refinery Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Oil
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Specialties of Lube Oil Refinery Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type
        • 6.3.1.2.2. By Oil
    • 6.3.2. Canada Specialties of Lube Oil Refinery Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type
        • 6.3.2.2.2. By Oil
    • 6.3.3. Mexico Specialties of Lube Oil Refinery Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type
        • 6.3.3.2.2. By Oil

7. Global Specialties of Lube Oil Refinery Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Oil
    • 7.2.3. By Country
  • 7.3. Asia-Pacific: Country Analysis
    • 7.3.1. China Specialties of Lube Oil Refinery Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type
        • 7.3.1.2.2. By Oil
    • 7.3.2. India Specialties of Lube Oil Refinery Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type
        • 7.3.2.2.2. By Oil
    • 7.3.3. Japan Specialties of Lube Oil Refinery Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type
        • 7.3.3.2.2. By Oil
    • 7.3.4. South Korea Specialties of Lube Oil Refinery Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Type
        • 7.3.4.2.2. By Oil
    • 7.3.5. Indonesia Specialties of Lube Oil Refinery Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Type
        • 7.3.5.2.2. By Oil

8. Europe Specialties of Lube Oil Refinery Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Oil
    • 8.2.3. By Country
  • 8.3. Europe: Country Analysis
    • 8.3.1. Germany Specialties of Lube Oil Refinery Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type
        • 8.3.1.2.2. By Oil
    • 8.3.2. United Kingdom Specialties of Lube Oil Refinery Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type
        • 8.3.2.2.2. By Oil
    • 8.3.3. France Specialties of Lube Oil Refinery Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type
        • 8.3.3.2.2. By Oil
    • 8.3.4. Russia Specialties of Lube Oil Refinery Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Type
        • 8.3.4.2.2. By Oil
    • 8.3.5. Spain Specialties of Lube Oil Refinery Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Type
        • 8.3.5.2.2. By Oil

9. South America Specialties of Lube Oil Refinery Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Oil
    • 9.2.3. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Specialties of Lube Oil Refinery Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type
        • 9.3.1.2.2. By Oil
    • 9.3.2. Argentina Specialties of Lube Oil Refinery Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type
        • 9.3.2.2.2. By Oil

10. Middle East & Africa Specialties of Lube Oil Refinery Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Oil
    • 10.2.3. By Country
  • 10.3. Middle East & Africa: Country Analysis
    • 10.3.1. Saudi Arabia Specialties of Lube Oil Refinery Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Type
        • 10.3.1.2.2. By Oil
    • 10.3.2. South Africa Specialties of Lube Oil Refinery Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Type
        • 10.3.2.2.2. By Oil
    • 10.3.3. UAE Specialties of Lube Oil Refinery Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Type
        • 10.3.3.2.2. By Oil
    • 10.3.4. Israel Specialties of Lube Oil Refinery Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Type
        • 10.3.4.2.2. By Oil
    • 10.3.5. Egypt Specialties of Lube Oil Refinery Market Outlook
      • 10.3.5.1. Market Size & Forecast
        • 10.3.5.1.1. By Value
      • 10.3.5.2. Market Share & Forecast
        • 10.3.5.2.1. By Type
        • 10.3.5.2.2. By Oil

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenge

12. Market Trends & Developments

13. Company Profiles

  • 13.1. Exxon Mobil Corporation.
    • 13.1.1. Business Overview
    • 13.1.2. Key Revenue and Financials
    • 13.1.3. Recent Developments
    • 13.1.4. Key Personnel
    • 13.1.5. Key Product/Services
  • 13.2. Sinopec Corporation.
    • 13.2.1. Business Overview
    • 13.2.2. Key Revenue and Financials
    • 13.2.3. Recent Developments
    • 13.2.4. Key Personnel
    • 13.2.5. Key Product/Services
  • 13.3. Royal Dutch Shell Plc.
    • 13.3.1. Business Overview
    • 13.3.2. Key Revenue and Financials
    • 13.3.3. Recent Developments
    • 13.3.4. Key Personnel
    • 13.3.5. Key Product/Services
  • 13.4. Eni S.P.A..
    • 13.4.1. Business Overview
    • 13.4.2. Key Revenue and Financials
    • 13.4.3. Recent Developments
    • 13.4.4. Key Personnel
    • 13.4.5. Key Product/Services
  • 13.5. Sasol Ltd.
    • 13.5.1. Business Overview
    • 13.5.2. Key Revenue and Financials
    • 13.5.3. Recent Developments
    • 13.5.4. Key Personnel
    • 13.5.5. Key Product/Services
  • 13.6. Total SA.
    • 13.6.1. Business Overview
    • 13.6.2. Key Revenue and Financials
    • 13.6.3. Recent Developments
    • 13.6.4. Key Personnel
    • 13.6.5. Key Product/Services
  • 13.7. Petrochina Company Limited.
    • 13.7.1. Business Overview
    • 13.7.2. Key Revenue and Financials
    • 13.7.3. Recent Developments
    • 13.7.4. Key Personnel
    • 13.7.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer