Dublin, Nov. 14, 2018 (GLOBE NEWSWIRE) -- The "Specialties of Lube Oil Refinery Market by Type (Fully Refined Wax, Semi Refined wax, Rubber Process Oil, White Oil, Petrolatum , and Others), and Region (APAC, Europe, North America, South America, Middle East & Africa) Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The specialties of lube oil refinery market is projected to register a CAGR of 1.8% between 2018 and 2023.

The global specialties of lube oil refinery market is estimated to be USD 10.4 billion in 2018 and is projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8%.

The growth in the packaging, pharmaceutical, and cosmetics industries is driving the demand for specialties of lube oil refinery. The rising demand from applications such as candle manufacturing and rubber processing as well as growing population, changing lifestyle, and increasing per capita income are also driving the specialties of lube oil refinery market. However, the shrinking supply of paraffin wax is majorly restraining the growth of the specialties of lube oil refinery market.

Fully refined wax, the fastest-growing segment of the specialties of lube oil refinery market

The fully refined wax market is projected to register the highest CAGR during the forecast period. The growing demand for fully refined wax is due to its high purity levels and good moisturizing property. This promotes its use in various applications such as cosmetics, skin care, and food packaging. This wax is used in products such as lipsticks, cold creams, ointments, laxatives, oily papers, chocolates, and chewing gums. Candle manufacturing is another major application of fully refined wax.

APAC to be the largest specialties of lube oil refinery market

The APAC specialties of lube oil refinery market is projected to register the highest CAGR between 2018 and 2023. This growth is mainly attributed to the growing population, increasing urbanization, rising number of working women. There is also an increasing concern about physical appearance and better healthcare needs, which, in turn, is driving the demand for specialties of lube oil refinery in the cosmetics and pharmaceutical applications.

The leading specialties of lube oil refinery manufacturers, globally, profiled in this report are Exxon Mobil Corporation (US), Sinopec Corporation (China), Royal Dutch Shell Plc (Netherlands), PetroChina Company Limited (China), Repsol SA (Spain), Eni S.p.A. (Italy), LUKOIL (Russia), and Sasol Ltd. (South Africa).

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Specialties of Lube Oil Refinery Market
4.2 Specialties of Lube Oil Refinery Market, By Type and Region
4.3 Specialties of Lube Oil Refinery Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand From Applications Such as Candle Manufacturing and Rubber Processing
5.2.1.2 Growing Population, Changing Lifestyle, and Increasing Per Capita Income
5.2.2 Restraints
5.2.2.1 Shrinking Supply of Paraffin Wax
5.2.3 Opportunities
5.2.3.1 Continuous R&D to Improve the Performance of White Oil and Petrolatum for Use in Cosmetics and Pharmaceutical Applications
5.2.4 Challenges
5.2.4.1 Increasing Demand for Synthetic and Bio-Based Waxes
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Trends and Forecast of Per Capita GDP
5.4.2 Trends of Oil Production and Consumption

6 Specialties of Lube Oil Refinery Market, By Type
6.1 Introduction
6.2 Fully Refined Wax
6.2.1 Demand From Cosmetics, Food Packaging, and Pharmaceutical Applications to Drive the Fully Refined Wax Market
6.3 Rubber Process Oil
6.3.1 Growing Demand for Efficient and Better Quality Tyres is Driving the Rubber Process Oil Market
6.4 White Oil
6.4.1 Growth in Cosmetics and Skin Care Markets to Increase the Demand for White Oil
6.5 Slack Wax
6.5.1 Rising Demand From Various Industrial Applications to Drive the Slack Wax Market
6.6 Semi Refined Wax
6.6.1 Semi Refined Wax has High Demand in Candle Manufacturing
6.7 Petrolatum
6.7.1 Excellent Moistening Property of Petrolatum to Drive Its Use in Skin Care Products
6.8 Microcrystalline Wax
6.8.1 Personal Care Applications of Microcrystalline Wax to Drive Its Demand
6.9 Others

7 Specialties of Lube Oil Refinery Market, By Region
7.1 Introduction
7.2 APAC
7.2.1 High Demand From Tyre Manufacturing Industry in APAC is Driving the Rubber Process Oil Market
7.3 North America
7.3.1 Pharmaceutical Industry to Drive the Market in North America
7.4 Europe
7.4.1 Stringent Regulations in Europe to Hamper the Market Growth
7.5 South America
7.5.1 Personal Care Applications to Drive the Market in South America
7.6 Middle East & Africa
7.6.1 Cosmetics Applications to Drive the Market in the Middle East & Africa

8 Competitive Landscape
8.1 Introduction
8.2 Market Ranking
8.3 Competitive Scenario
8.3.1 Expansion
8.3.2 Merger & Acquisition
8.3.3 Divestment
8.3.4 Agreement
8.3.5 Joint Venture
8.3.6 New Product Development

9 Company Profiles
9.1 Exxon Mobil Corporation
9.2 Sinopec Corporation
9.3 Royal Dutch Shell Plc
9.4 Eni S.P.A.
9.5 Sasol Ltd.
9.6 Total SA
9.7 Petrochina Company Limited
9.8 Chevron Corporation
9.9 Repsol SA
9.10 LUKOIL
9.11 Additional Company Profiles
9.11.1 Petroliam Nasional Berhad (Petronas)
9.11.2 Grupa Lotos SA
9.11.3 Nippon Seiro Co., Ltd.
9.11.4 Hollyfrontier Corporation
9.11.5 Nynas AB
9.11.6 Petrobras SA
9.11.7 The International Group, Inc.
9.11.8 Indian Oil Corporation Limited
9.11.9 Honeywell International, Inc.
9.11.10 Cepsa SA
9.11.11 Dongnam Petroleum Co., Ltd.
9.11.12 Moresco Corporation
9.11.13 Apar Industries Ltd.
9.11.14 Gandhar Oil Refinery (India) Limited
9.11.15 Paraffinwaxco, Inc.
9.11.16 H&R Group

For more information about this report visit https://www.researchandmarkets.com/research/6c3ptg/specialties_of?w=12

                  CONTACT: ResearchAndMarkets.com
                           Laura Wood, Senior Press Manager
                           press@researchandmarkets.com
                           For E.S.T Office Hours Call 1-917-300-0470
                           For U.S./CAN Toll Free Call 1-800-526-8630
                           For GMT Office Hours Call +353-1-416-8900
                  Related Topics: Oil