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 and Japan Group II Base Oil Market
This report focuses on global and Japan 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% during 2021-2027. In Japan the Group II Base Oil market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Group II Base Oil Scope and Market Size
Group II Base Oil market is segmented by region (country), players, 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 revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Group II Base Oil market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
Mineral
Synthetic
Bio-based

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

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

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