The surge in demand for premium oils in the automotive industry and around the world. Driven by increased industrial activity, the growth of the Asia-Pacific region ’s GDP has driven the growth of global markets. The favorable market opportunities of the BRIC countries (Brazil, Russia, India and China) and the growing demand for renewable energy are expected to drive market growth. During the forecast period, the market is expected to lead the market in terms of value and quantity. Group II base oils can be used in a variety of applications such as marine and natural gas engines, trunk piston engine oils, and other applications in the base oil industry.

Market Analysis and Insights: Global Group II Base Oil Market
In 2020, the global Group II Base Oil market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% between 2021 and 2027
Global Group II Base Oil Scope and Market Size
The global Group II Base Oil market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Group II Base Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), byType, and by Application for the period 2016-2027.

Segment by Type
Mineral
Synthetic
Bio-based

Segment by Application
Automotive Oil
Industrial Oil
Hydraulic Oil
Grease
Metalworking Fluid
Others

By Company
Chevron Corporation
Exxon Mobil Corporation
S-OIL Corporation
Motiva Enterprises LLC
SK innovation
AVISTA OIL AG
Nynas AB

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE