22:03 | 11.08.2017
Top 5 Vendors in the Global Process Oil Market from 2017-2021: Technavio
has announced the top five leading vendors in their recent global
process oil market report until 2021. This research report
also lists 25 other prominent vendors that are expected to impact the
market during the forecast period.
This Smart News Release features multimedia. View the full release here:
Technavio has published a new report on the global process oil market from 2017-2021. (Graphic: Business Wire)
The growth of the global
process oil market will be attributed to stringent regulations on
tire manufacturing, the growth of the polymer and personal care
industries, and the growth in the transmission and distribution (T&D)
networks both in the non-renewable and renewable energy sectors. Two
major regulatory initiatives that comprise standard tire regulations
were influenced by the European Union for the European market. Among the
two regulatory initiatives, one was influenced by the ban on the use of
the oils that contain high polyaromatic hydrocarbon content, which was
adopted in 2007, in the European Union (EU). The other led to the
inclusion of fuel efficiency ratings on tire labels to enhance the
safety of automobiles and to ensure fuel economy, which was adopted in
Competitive vendor landscape
The global process oil market is a highly competitive market with major
vendors such as Chevron, Nynas, PetroChina Company, Royal Dutch Shell,
and TOTAL competing on the basis of price, quality, and market presence.
Also, these vendors are also focusing on R&D to reduce costs and improve
the durability of process oils. This, in turn, will reduce the
maintenance and cost of the product.
Sayani Roy, an industry expert at Technavio for research on oil
and gas, says, “In May 2016, Nynas had introduced a new
high-viscosity product named Nytex 842 to meet the growing demand for
polarity polymer, resin and bitumen, printing ink, rubber based
adhesive, hydrocarbon resin, bitumen specialties, and polyurethane
markets. Nytex 842 is a highly refined, high molecular weight process
oil. It has a high flash point that makes suitable for use in
high-temperature processes without compromising on safety standards.”
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasingBuy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.Top five process oil market vendorsChevron
Chevron is involved in exploring, production, transportation, and
refining of crude oil and gas. It markets and sells transportation
fuels, lubricants, and petrochemical products; generates power and
geothermal energy; and develops energy resources such as biofuels.
Chevron’s global refining system manufactures fuels and other products
that are sold in the market by Chevron’s marketing, and supply
organizations. It markets these products under the Chevron, Texaco, and
Nynas is involved in the production and marketing of specialty oil
products. It offers oils for manufacturing different types of synthetic
rubber and compounds, chemical and technical applications, naphthenic
specialty oils, and base oils as a component in cutting fluids for hydraulic
oils, grease, metal working, and other industrial lubricants.
Nynas provides bitumen binders for use in asphalt applications on
bridges and construction and maintenance of motorways and runways. The
company also offers other bitumen products for paving and industrial
applications, and for roofing felt and pipe insulation.
PetroChina Company is one of the largest oil and gas production
companies in China. The company is involved in exploration and
production of hydrocarbons. It also manufactures an array of chemicals
and petrochemical products. Its business activities cover all the major
sectors of the petroleum and petrochemical industry.
PetroChina Company operates its business through four reportable
segments: exploration and production, refining and chemicals, marketing,
and natural gas and pipeline. PetroChina Company produces
naphthenic-based transformer oils. These are manufactured using
moderately refined low-viscosity and low pour point base oils.
Royal Dutch Shell
Royal Dutch Shell is engaged in the production and refining of
petroleum, lubricants, and other chemicals in addition to fuels. The
company has specialized lubricant research centers in Germany, the US,
the UK, and Japan. It has strong collaborations (for lubricants) with
original equipment manufacturers (OEMs).
Royal Dutch Shell has a huge presence in the process oil market. As the
company has a long history in the process oil industry, it has a broad
range of specially designed consultation and technical services for the
process oil segment.
TOTAL is an energy sector establishment with a presence in both upstream
and downstream sectors. The upstream sector includes hydrocarbon
exploration, development, and production, and the downstream sector
includes refining, petrochemicals, specialty chemicals, trading, and
shipping of hydrocarbons and petroleum products, and marketing. TOTAL
also operates in the renewable energy and power generation sectors.
Looking for more information on this market? Request
a free sample reportTechnavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.Browse Related Reports:Global
Oil and Gas Separator Market 2017-2021Global
Oil and Gas Pipeline Monitoring Equipment Market 2017-2021Global
Oil and Gas Instrumentation Market 2017-2021About TechnavioTechnavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
View source version on businesswire.com: http://www.businesswire.com/news/home/20170811005338/en/