세계의 고무 가공유 시장 - 규모, 점유율·성장 분석(제품별, 용도별, 지역별) : 산업 예측(2024-2031년)

Global Rubber Process Oil Market size was valued at USD 1.80 billion in 2022 and is poised to grow from USD 1.88 billion in 2023 to USD 2.65 billion by 2031, growing at a CAGR of 4.40% during the forecast period (2024-2031).

The demand for rubber oil is expected to surge as automotive production rises, enhancing tire quality for a growing vehicle market. With a reported 61.59 million cars produced globally in 2022, marking an 8% increase from the previous year, the mass production of passenger vehicles will likely drive rubber oil demand. However, the automotive sector, particularly in Germany, faces challenges, including semiconductor shortages and raw material scarcities. Additionally, new global vehicle testing standards and EU emissions regulations imposing a strict 95 grams per kilometer CO2 limit are impacting performance and may further constrain market growth. Trade tensions between the U.S. and China have also weakened international automotive demand, indicating a complex landscape ahead for the industry.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Rubber Process Oil market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Rubber Process Oil Market Segmental Analysis

Global Rubber Process Oil Market is segmented by Product, Application, and region. Based on Product, the market is segmented into Aromatic, Paraffinic, Naphthenic, and Other Products. Based on Application, the market is segmented into Tyre, Footwear, Wire & Cable Covering, Flooring Materials, Paints & Coatings, Adhesive & Sealants, and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Rubber Process Oil Market

The global Rubber Process Oil market is primarily driven by the rising number of vehicles, which has led to an increased demand for automotive tires, particularly in emerging economies. Oil-based rubber enhances the physical properties of vulcanization, thereby reducing the production costs of rubber compounds, making it a favored choice among various elastomer types. However, market growth is challenged by fluctuating oil prices and concerns over the use of non-biodegradable materials. As these issues unfold, they could potentially hinder future demand for rubber process oils, activating a need for sustainable alternatives in the industry moving forward.

Restraints in the Global Rubber Process Oil Market

A significant restraint in the Global Rubber Process Oil market stems from the increasing demand for automobiles, which has led to a notable rise in tire production across the globe. This surge is driven by the widespread popularity of vehicles, but it also presents challenges for oil-based rubber, particularly for styrene-butadiene rubber compounds (S-SBR) that are commonly utilized in tire manufacturing. Additionally, the heightened need for rubber gloves in diverse sectors such as healthcare and automotive further complicates the landscape, as these factors collectively intertwine to shape the dynamics of the rubber process oil market.

Market Trends of the Global Rubber Process Oil Market

The Global Rubber Process Oil market is witnessing a significant shift towards eco-friendly alternatives, particularly the adoption of Green Process Oils like TDAE. These aromatic paraffinic oils, with less than 3% aromatic PCA, meet stringent environmental regulations, making them increasingly popular in Europe and developed nations. Their non-toxic and non-carcinogenic properties position them as favorable replacements for traditional aromatic oils. As manufacturers prioritize sustainable practices in tire and rubber production, the demand for high-quality TDAE process oils is projected to rise, driving market growth and contributing to a more environmentally-conscious rubber industry worldwide.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Patent Analysis
• Case Studies

Global Rubber Process Oil Market Size by Product & CAGR (2024-2031)

• Market Overview
• Aromatic
• Paraffinic
• Naphthenic
• Other Products

Global Rubber Process Oil Market Size by Application & CAGR (2024-2031)

• Market Overview
• Tyre
• Footwear
• Wire & Cable Covering
• Flooring Materials
• Paints & Coatings
• Adhesive & Sealants
• Other Applications

Global Rubber Process Oil Market Size & CAGR (2024-2031)

• North America (Product, Application)
  • US
  • Canada
• Europe (Product, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific (Product, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America (Product, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Product, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• H&R Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HollyFrontier Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Idemitsu Kosan Co. Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indian Oil Corporation Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LODHA Petro
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lub Line
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lukoil
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nynas
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ORGKHIM Biochemical Holding
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Panama Petrochem Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PetroChina Company Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Petronas Belgium NV
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Raj Petro Specialities P. Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Repsol
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation