Lubricating Base Oil Market Size and Growth
The global lubricating base oil market is projected to reach a value of $35.5 billion by 2026, with a CAGR of 2.5%. The growth is driven by increasing demand in automotive and industrial sectors. Key players include ExxonMobil, Chevron, Shell, and Total, focusing on product innovation and strategic partnerships.
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Companies Covered (Covid 19 Impact Covered)
◍ Exxon Mobil Corporation
◍ Chevron Corporation
◍ China Petroleum Corporation (Sinopec Group)
◍ Petroliam Nasional Berhad (Petronas)
◍ MOGoil GmbH
◍ GS Caltex Corporation
◍ Royal Dutch Shell Plc
◍ PetroChina Company Limited
◍ Philips 66 Company
◍ S-Oil Corporation
◍ SK Lubricants
◍ Indian Oil
◍ British Petroleum
◍ Neste Oil
The Lubricating Base Oil Market is highly competitive with key players such as Exxon Mobil, Chevron, Sinopec Group, Petronas, and others dominating the market. These companies produce and distribute lubricating base oils for various applications which help in the growth of the market.
- Exxon Mobil Corporation: $181.5 billion in sales revenue.
- Chevron Corporation: $146.5 billion in sales revenue.
- China Petroleum Corporation (Sinopec Group): $416.8 billion in sales revenue. Request
