LATIN AMERICA PROCESS OIL MARKET 2019-2027


MARKET OUTLOOK
According to Triton Market Research analysis, the Latin America process oil market is predicted to register a CAGR of 4.11% in terms of revenue and 3.95% with respect to volume for the forecasted period of 2019-2027.
Brazil, Mexico, and Rest of Latin American countries are studied for the process oil market in the Latin America region.
The Latin American process oil market is primarily driven by the increased use of process oil in personal care products such as skincare and hair care products. Process oil is extensively used in developing polymer products that have their applications in sectors like medical, automotive, and consumer goods. The application of process oil on such a large scale is expected to boost the demand for process oil, leading to impressive market growth in the region. 
The considerable use of process oil in the production of plastic and in the food processing industry mainly drives the process oil market in Mexico. For instance, the country accounts for 2% of the world’s overall plastic production, according to the International Trade Administration (ITA). The country produces around 5.3 million tons of plastic annually for various industries like the packaging industry, manufacturing baby products, cups, boxes, bottles, and containers. The paraffinic process oil is used for the polymerization process of the plastic and thus, any growth in plastic production is expected to contribute to the growth of the process oil market. Moreover, white oil is widely used in grocery stores for food & meat packaging and also for manufacturing food-grade lubricants that are heavily used in food and beverage plants. These factors are predicted to fuel the growth of the process market.
COMPETITIVE OUTLOOK
The key players in the process oil market are Hindustan Petroleum Corporation Ltd, HollyFrontier Corporation, Calumet Specialty Products Partners, L.P., Ergon North & South America, Total S.A., PetroChina Company Limited, Idemitsu Kosan Co., Ltd., Orgkhim Biochemical Holding, Panama Petrochem Ltd., and ExxonMobil Chemical Co.
TABLE OF CONTENTS 
1. LATIN AMERICA PROCESS OIL MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. PORTER’S FIVE FORCES MODEL
2.2.1. BARGAINING POWER OF BUYERS
2.2.2. BARGAINING POWER OF SUPPLIERS
2.2.3. THREAT OF NEW ENTRANTS
2.2.4. THREAT OF SUBSTITUTES
2.2.5. THREAT OF RIVALRY
2.3. MARKET TRENDS
2.4. MARKET SHARE OUTLOOK
2.5. MARKET ATTRACTIVENESS INDEX
2.6. KEY INSIGHT
2.7. MARKET DRIVERS
2.7.1. INCREASING DEMAND FOR PROCESS OIL IN THE TEXTILE INDUSTRY
2.7.2. GROWING PERSONAL CARE INDUSTRY
2.7.3. RISING VEHICULAR PRODUCTION AND GROWING AUTOMOTIVE SECTOR
2.8. MARKET RESTRAINTS
2.8.1. RESTRICTIONS IN THE USAGE OF POLYCYCLIC AROMATIC HYDROCARBON (PAH)
2.8.2. EMERGENCE OF DRY-TYPE TRANSFORMERS
2.9. MARKET OPPORTUNITIES
2.9.1. OPPORTUNITIES PRESENTED BY ADHERING TO THE USAGE OF LOW POLYAROMATIC HYDROCARBON (PAH) OILS
2.9.2. MOUNTING EXPLORATION ACTIVITY OF HYDROCARBONS IN NON-OPEC REGIONS
2.10. MARKET CHALLENGES
2.10.1. FLUCTUATING RAW MATERIAL PRICES
2.10.2. CHANGING CRUDE OIL PRICES
3. PROCESS OIL MARKET OUTLOOK – BY TYPE
3.1. NAPHTHENIC OIL
3.2. PARAFFIN
3.3. AROMATIC
3.4. NON-CARCINOGENIC
4. PROCESS OIL MARKET OUTLOOK – BY APPLICATION
4.1. TIRE & RUBBER
4.2. POLYMER
4.3. PERSONAL CARE
4.4. TEXTILE
4.5. OTHER APPLICATIONS
5. PROCESS OIL MARKET – REGIONAL OUTLOOK
5.1. LATIN AMERICA
5.1.1. COUNTRY ANALYSIS
5.1.1.1. BRAZIL
5.1.1.2. MEXICO
5.1.1.3. REST OF LATIN AMERICA
6. COMPANY PROFILES
6.1. CHEVRON CORPORATION
6.2. GAZPROM
6.3. GP PETROLEUMS
6.4. APAR INDUSTRIES LTD.
6.5. LANXESS PROCESS OIL
6.6. ROYAL DUTCH SHELL PLC
6.7. HINDUSTAN PETROLEUM CORPORATION LTD.
6.8. HOLLYFRONTIER REFINING & MARKETING INC.
6.9. CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
6.10. ERGON NORTH & SOUTH AMERICA
6.11. TOTAL S.A.
6.12. PETROCHINA COMPANY LTD.
6.13. IDEMITSU KOSAN CO., LTD.
6.14. EXXON MOBIL CHEMICAL COMPANY
6.15. PETROBRAS
6.16. REPSOL S.A.
6.17. SASOL
6.18. IRANOL COMPANY
6.19. JX NIPPON OIL & GAS EXPLORATION
6.20. NYNAS AB
6.21. SUNOCO LP
6.22. LUKOIL
6.23. ORGKHIM BIOCHEMICAL HOLDING
6.24. PANAMA PETROCHEM LTD.
6.25. PETRONAS LUBRICANTS INTERNATIONAL
6.26. ROSNEFT
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.1.1. OBJECTIVES OF STUDY
7.1.2. SCOPE OF STUDY
7.2. SOURCES OF DATA
7.2.1. PRIMARY DATA SOURCES
7.2.2. SECONDARY DATA SOURCES
7.3. RESEARCH METHODOLOGY
7.3.1. EVALUATION OF PROPOSED MARKET
7.3.2. IDENTIFICATION OF DATA SOURCES
7.3.3. ASSESSMENT OF MARKET DETERMINANTS
7.3.4. DATA COLLECTION
7.3.5. DATA VALIDATION & ANALYSIS
 
  
LIST OF TABLES 
TABLE 1 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION)
TABLE 2 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS)
TABLE 3 TYPE OF PROCESS OIL
TABLE 4 GROUPING AS PER REFINING PROCESS
TABLE 5 PROPERTIES OF LIGHT NEUTRAL BASE OILS
TABLE 6 CHARACTERISTICS OF TEMPERATURE ON VISCOSITY
TABLE 7 CARCINOGENIC CLASSIFICATIONS OF PAH COMPOUNDS BY SPECIFIC AGENCIES
TABLE 8 LATIN AMERICA PROCESS OIL MARKET, BY TYPE, 2019-2027 ($ MILLION)
TABLE 9 COMPARISON OF DIFFERENT TYPES OF RUBBER PROCESS OIL
TABLE 10 LATIN AMERICA PROCESS OIL MARKET, BY TYPE, 2019-2027 (KILOTONS)
TABLE 11 LATIN AMERICA PROCESS OIL MARKET, BY APPLICATION, 2019-2027 ($ MILLION)
TABLE 12 PROCESS OIL PRODUCTS USED IN TEXTILE INDUSTRIES
TABLE 13 PRODUCT TYPE FOR HOT MELT ADHESIVE MANUFACTURING INDUSTRY
TABLE 14 LATIN AMERICA PROCESS OIL MARKET, BY COUNTRY, 2019-2027 ($ MILLION)
TABLE 15 LATIN AMERICA PROCESS OIL MARKET, BY COUNTRY, 2019-2027 (KILOTONS)
 
   
LIST OF FIGURES 
FIGURE 1 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION)
FIGURE 2 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS)
FIGURE 3 PROCESS OIL COMPANY MARKET SHARE OUTLOOK 2018 (%)
FIGURE 4 LATIN AMERICA PROCESS OIL MARKET, BY NAPHTHENIC OIL, 2019-2027 ($ MILLION)
FIGURE 5 LATIN AMERICA PROCESS OIL MARKET, BY NAPHTHENIC OIL, 2019-2027 (KILOTONS)
FIGURE 6 LATIN AMERICA PROCESS OIL MARKET, BY PARAFFIN, 2019-2027 ($ MILLION)
FIGURE 7 LATIN AMERICA PROCESS OIL MARKET, BY PARAFFIN, 2019-2027 (KILOTONS)
FIGURE 8 LATIN AMERICA PROCESS OIL MARKET, BY AROMATIC, 2019-2027 ($ MILLION)
FIGURE 9 LATIN AMERICA PROCESS OIL MARKET, BY AROMATIC, 2019-2027 (KILOTONS)
FIGURE 10 LATIN AMERICA PROCESS OIL MARKET, BY NON-CARCINOGENIC, 2019-2027 ($ MILLION)
FIGURE 11 LATIN AMERICA PROCESS OIL MARKET, BY NON-CARCINOGENIC, 2019-2027 (KILOTONS)
FIGURE 12 LATIN AMERICA PROCESS OIL MARKET, BY TIRE & RUBBER, 2019-2027 ($ MILLION)
FIGURE 13 LATIN AMERICA PROCESS OIL MARKET, BY POLYMER, 2019-2027 ($ MILLION)
FIGURE 14 LATIN AMERICA PROCESS OIL MARKET, BY PERSONAL CARE, 2019-2027 ($ MILLION)
FIGURE 15 LATIN AMERICA PROCESS OIL MARKET, BY TEXTILE, 2019-2027 ($ MILLION)
FIGURE 16 LATIN AMERICA PROCESS OIL MARKET, BY OTHER APPLICATION, 2019-2027 ($ MILLION)
FIGURE 17 PASSENGER CAR PRODUCTION IN LATIN AMERICA 2017
FIGURE 18 BRAZIL PROCESS OIL MARKET, 2019-2027 ($ MILLION)
FIGURE 19 BRAZIL PROCESS OIL MARKET, 2019-2027 (KILOTONS)
FIGURE 20 MEXICO PROCESS OIL MARKET, 2019-2027 ($ MILLION)
FIGURE 21 MEXICO PROCESS OIL MARKET, 2019-2027 (KILOTONS)
FIGURE 22 REST OF LATIN AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION)
FIGURE 23 REST OF LATIN AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS)

LIST OF TABLES TABLE 1 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION) TABLE 2 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS) TABLE 3 TYPE OF PROCESS OIL TABLE 4 GROUPING AS PER REFINING PROCESS TABLE 5 PROPERTIES OF LIGHT NEUTRAL BASE OILS TABLE 6 CHARACTERISTICS OF TEMPERATURE ON VISCOSITY TABLE 7 CARCINOGENIC CLASSIFICATIONS OF PAH COMPOUNDS BY SPECIFIC AGENCIES TABLE 8 LATIN AMERICA PROCESS OIL MARKET, BY TYPE, 2019-2027 ($ MILLION) TABLE 9 COMPARISON OF DIFFERENT TYPES OF RUBBER PROCESS OIL TABLE 10 LATIN AMERICA PROCESS OIL MARKET, BY TYPE, 2019-2027 (KILOTONS) TABLE 11 LATIN AMERICA PROCESS OIL MARKET, BY APPLICATION, 2019-2027 ($ MILLION) TABLE 12 PROCESS OIL PRODUCTS USED IN TEXTILE INDUSTRIES TABLE 13 PRODUCT TYPE FOR HOT MELT ADHESIVE MANUFACTURING INDUSTRY TABLE 14 LATIN AMERICA PROCESS OIL MARKET, BY COUNTRY, 2019-2027 ($ MILLION) TABLE 15 LATIN AMERICA PROCESS OIL MARKET, BY COUNTRY, 2019-2027 (KILOTONS) LIST OF FIGURES FIGURE 1 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION) FIGURE 2 LATIN AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS) FIGURE 3 PROCESS OIL COMPANY MARKET SHARE OUTLOOK 2018 (%) FIGURE 4 LATIN AMERICA PROCESS OIL MARKET, BY NAPHTHENIC OIL, 2019-2027 ($ MILLION) FIGURE 5 LATIN AMERICA PROCESS OIL MARKET, BY NAPHTHENIC OIL, 2019-2027 (KILOTONS) FIGURE 6 LATIN AMERICA PROCESS OIL MARKET, BY PARAFFIN, 2019-2027 ($ MILLION) FIGURE 7 LATIN AMERICA PROCESS OIL MARKET, BY PARAFFIN, 2019-2027 (KILOTONS) FIGURE 8 LATIN AMERICA PROCESS OIL MARKET, BY AROMATIC, 2019-2027 ($ MILLION) FIGURE 9 LATIN AMERICA PROCESS OIL MARKET, BY AROMATIC, 2019-2027 (KILOTONS) FIGURE 10 LATIN AMERICA PROCESS OIL MARKET, BY NON-CARCINOGENIC, 2019-2027 ($ MILLION) FIGURE 11 LATIN AMERICA PROCESS OIL MARKET, BY NON-CARCINOGENIC, 2019-2027 (KILOTONS) FIGURE 12 LATIN AMERICA PROCESS OIL MARKET, BY TIRE & RUBBER, 2019-2027 ($ MILLION) FIGURE 13 LATIN AMERICA PROCESS OIL MARKET, BY POLYMER, 2019-2027 ($ MILLION) FIGURE 14 LATIN AMERICA PROCESS OIL MARKET, BY PERSONAL CARE, 2019-2027 ($ MILLION) FIGURE 15 LATIN AMERICA PROCESS OIL MARKET, BY TEXTILE, 2019-2027 ($ MILLION) FIGURE 16 LATIN AMERICA PROCESS OIL MARKET, BY OTHER APPLICATION, 2019-2027 ($ MILLION) FIGURE 17 PASSENGER CAR PRODUCTION IN LATIN AMERICA 2017 FIGURE 18 BRAZIL PROCESS OIL MARKET, 2019-2027 ($ MILLION) FIGURE 19 BRAZIL PROCESS OIL MARKET, 2019-2027 (KILOTONS) FIGURE 20 MEXICO PROCESS OIL MARKET, 2019-2027 ($ MILLION) FIGURE 21 MEXICO PROCESS OIL MARKET, 2019-2027 (KILOTONS) FIGURE 22 REST OF LATIN AMERICA PROCESS OIL MARKET, 2019-2027 ($ MILLION) FIGURE 23 REST OF LATIN AMERICA PROCESS OIL MARKET, 2019-2027 (KILOTONS)

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