Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.4 PERIODIZATION CONSIDERED 17
1.5 CURRENCY CONSIDERED 17
1.6 UNIT CONSIDERED 18
1.7 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.3 DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 24
2.4.1 ASSUMPTIONS 24
2.4.2 LIMITATIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL OILS MARKET 30
4.2 INDUSTRIAL OILS MARKET, BY REGION, 2019 VS. 2025 30
4.3 INDUSTRIAL OILS MARKET, BY SOURCE, 2019 VS. 2025 31
4.4 INDUSTRIAL OILS MARKET, BY TYPE, 2019 VS. 2025 (USD BILLION) 31
4.5 ASIA PACIFIC: INDUSTRIAL OILS MARKET, BY SOURCE AND COUNTRY, 2018 32
4.6 INDUSTRIAL OILS MARKET SHARE, BY END USE, 2019 VS. 2025 33

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 35
5.2.1.1 Increasing demand from the biodiesel sector 35
5.2.1.2 Massive industrial growth in Asia Pacific and the Middle East & Africa 36
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5.2.2 RESTRAINTS 38
5.2.2.1 Price fluctuations of raw materials 38
5.2.2.2 High capital investments in extractions 38
5.2.3 OPPORTUNITIES 39
5.2.3.1 Rising trends of bio-based industrial oil usage 39
5.2.3.2 Rapid adoption of vegetable oils in various industrial applications 39
5.2.4 CHALLENGES 40
5.2.4.1 New entrants in the market 40
5.2.4.2 High dependence on oil imports, leading to the high cost of end products 40

6 INDUSTRY TRENDS 41
6.1 INTRODUCTION 41
6.2 SUPPLY CHAIN ANALYSIS 41
6.3 PORTER’S FIVE FORCES 42
6.4 PATENT ANALYSIS 43

7 INDUSTRIAL OILS MARKET, BY SOURCE 45
7.1 INTRODUCTION 46
7.2 SOYBEAN 48
7.2.1 THE USAGE OF SOYBEAN OIL IS INCREASING IN THE PAINTS INDUSTRY DUE TO VOLATILE ORGANIC COMPOUNDS AND LOWER RAW MATERIAL COSTS 48
7.3 PALM 50
7.3.1 PALM OIL IS REPLACING COCONUT OIL IN VARIOUS APPLICATIONS DUE TO ITS LOW PRODUCTION COSTS 50
7.4 RAPESEED 52
7.4.1 INCREASING DEMAND FOR HIGH-OLEIC OILS IS PROJECTED TO DRIVE THE MARKET FOR RAPESEED 52
7.5 SUNFLOWER 54
7.5.1 SUNFLOWER OIL HELPS IN PROTECTING THE CARDIOVASCULAR, NERVOUS, AND REPRODUCTIVE SYSTEMS OF THE HUMAN BODY 54
7.6 CORN 56
7.6.1 WITH 85% UNSATURATED FATTY ACIDS CONTENT, CORN OIL FINDS DIVERSE APPLICATIONS IN THE COSMETICS INDUSTRY 56
7.7 COTTONSEED 57
7.7.1 COTTONSEED OIL CONTAINS HIGH CONCENTRATIONS OF VITAMIN E, FATTY ACIDS, AND ANTIOXIDANTS, WHICH ARE IDEAL FOR SKINCARE PRODUCTS 57
7.8 OTHERS 58
7.8.1 THE ANTIOXIDANT PROPERTIES OF OLIVE OIL ARE PROJECTED TO DRIVE ITS DEMAND IN THE COSMETICS INDUSTRY 58
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8 INDUSTRIAL OILS MARKET, BY TYPE 61
8.1 INTRODUCTION 62
8.2 GRADE I (LIGHT) 63
8.2.1 BOOMING COSMETICS & PERSONAL CARE INDUSTRY IN THE EMERGING ASIA PACIFIC COUNTRIES 63
8.3 GRADE II (MEDIUM) 64
8.3.1 DEMAND FROM THE BIOFUELS INDUSTRY OWING TO ENVIRONMENT CONCERNS 64
8.4 GRADE III (HEAVY) 65
8.4.1 EXPANSION OF THE PAINTS & COATINGS INDUSTRY IN THE EMERGING COUNTRIES 65

9 INDUSTRIAL OILS MARKET, BY END USE 67
9.1 INTRODUCTION 68
9.2 BIOFUEL 69
9.2.1 IN NORTH AMERICA REGION SOYBEAN IS USED FOR THE PRODUCTION OF BIOFUEL 69
9.3 PAINTS & COATING 70
9.3.1 DUE TO DEVELOPMENTS IN THE CONSTRUCTION AND AUTOMOBILE SECTORS IN ASIA PACIFIC REGION THE MARKEY FOR PAINTS & COATING IS MORE 70
9.4 COSMETICS & PERSONAL CARE 71
9.4.1 INCREASING CONSUMER DEMAND FOR ECO-FRIENDLY PERSONAL CARE PRODUCTS HAS PROMPTED THE PLANT BASED INDUSTRIAL OIL 71
9.5 PHARMACEUTICALS 72
9.5.1 US WITNESSES AN INCREASING PRESENCE OF KEY PLAYERS IN THE PHARMACEUTICAL INDUSTRY 72
9.6 OTHERS 73
9.6.1 IN THE ASIA PACIFIC, THE EXPANSION OF THE INDUSTRIAL SECTOR IS PROJECTED TO DRIVE THE INDUSTRIAL OILS MARKET 73

10 INDUSTRIAL OILS MARKET, BY REGION 75
10.1 INTRODUCTION 76
10.2 NORTH AMERICA 79
10.2.1 US 83
10.2.1.1 Increased demand for industrial oil in the biofuels industry 83
10.2.2 CANADA 83
10.2.2.1 Increased demand for cosmetics & personal care products 83
10.2.3 MEXICO 84
10.2.3.1 Increasing demand for meat and pork products in the country 84
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10.3 EUROPE 84
10.3.1 GERMANY 89
10.3.1.1 Rising demand for high-protein sunflower meals to drive the industrial oils market in Germany 89
10.3.2 RUSSIA 89
10.3.2.1 The country faces a high domestic demand for industrial oils extracted from sunflower and cottonseed 89
10.3.3 SPAIN 90
10.3.3.1 High demand for biodiesel fuels to drive the demand for palm oil in the country 90
10.3.4 UK 90
10.3.4.1 Increasing demand for sunflower oil in the food industry to drive the growth in the country 90
10.3.5 FRANCE 91
10.3.5.1 Growing demand for palm oil in the food industry due to relatively affordable prices and non-genetically engineered content 91
10.3.6 REST OF EUROPE 91
10.3.6.1 Canola oils offered at affordable prices are replacing other oils in Australia 91
10.4 ASIA PACIFIC 91
10.4.1 CHINA 96
10.4.1.1 Cost-effectiveness of rapeseed oil drives its demand in China’s vegetable oil industry 96
10.4.2 INDIA 97
10.4.2.1 High demand for vegetable oil-based products in the country is driving the market for industrial oils 97
10.4.3 JAPAN 98
10.4.3.1 The high cost associated with soybean has led to an increase in the consumption of rapeseed and palm oils 98
10.4.4 AUSTRALIA & NEW ZEALAND 99
10.4.4.1 Canola oils offered at affordable prices are replacing other oils in Australia 99
10.4.5 REST OF ASIA PACIFIC 100
10.4.5.1 The favorable climatic conditions support the production of palm in Indonesia and Malaysia 100
10.5 ROW 100
10.5.1 SOUTH AMERICA 104
10.5.1.1 The high growth in the biodiesel industry also increases the sales of industrial oils in the South America region. 104
10.5.2 MIDDLE EAST & AFRICA 104
10.5.2.1 The warm and dry climatic conditions of the African region is favorable for the cultivation of raw material of industrial oils. 104
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11 COMPETITIVE LANDSCAPE 106
11.1 OVERVIEW 106
11.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 108
11.2.1 TERMINOLOGY/NOMENCLATURE 108
11.2.1.1 Visionary leaders 108
11.2.1.2 Innovators 108
11.2.1.3 Dynamic differentiators 108
11.2.1.4 Emerging companies 108
11.3 RANKING OF KEY PLAYERS, 2018 109
11.3.1 NEW PRODUCT LAUNCHES 110
11.3.2 EXPANSIONS 110
11.3.3 AGREEMENTS & JOINT VENTURES 110

12 COMPANY PROFILES 111
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
12.1 CARGILL 111
12.2 BUNGE LIMITED 115
12.3 WILMAR INTERNATIONAL 117
12.4 LOUIS DREYFUS COMPANY 120
12.5 ARCHER DANIELS MIDLAND 122
12.6 B?HLER GROUP 125
12.7 CHS INC. 126
12.8 AG PROCESSING INC 128
12.9 A&A FRATELLI PARODI SPA 129
12.10 GEMTEK PRODUCTS 131
12.11 AAK KAMANI PRIVATE LIMITED 132
12.12 SOYA MILLS S.A. 133
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
The companies are listed in no particular order, but as a representation of the market’s ecosystem.
13 APPENDIX 134
13.1 DISCUSSION GUIDE 134
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 138
13.3 AVAILABLE CUSTOMIZATIONS 140
13.4 RELATED REPORTS 141
13.5 AUTHOR DETAILS 142



List of Figures



FIGURE 1 INDUSTRIAL OILS MARKET SEGMENTATION 16
FIGURE 2 REGIONAL SEGMENTATION 16
FIGURE 3 INDUSTRIAL OILS MARKET: RESEARCH DESIGN 19
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION AND REGION 20
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 21
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 22
FIGURE 7 RESEARCH METHODOLOGY STEPS 22
FIGURE 8 DATA TRIANGULATION METHODOLOGY 23
FIGURE 9 INCREASING PRODUCTION OF PALM OIL FOR VARIOUS INDUSTRIAL APPLICATIONS TO DRIVE THE MARKET 27
FIGURE 10 GRADE I (LIGHT) INDUSTRIAL OILS USED IN THE COSMETICS AND PHARMACEUTICAL APPLICATIONS TO ACCOUNT FOR THE DOMINANT SHARE 27
FIGURE 11 GROWING DEMAND FROM THE BIOFUEL INDUSTRY TO DRIVE THE MARKET
FOR INDUSTRIAL OILS 28
FIGURE 12 NORTH AMERICA TO BE THE FASTEST-GROWING REGION IN THE INDUSTRIAL OILS MARKET DURING THE FORECAST PERIOD 29
FIGURE 13 INDUSTRIAL OILS: AN EMERGING MARKET WITH PROMISING GROWTH POTENTIAL 30
FIGURE 14 ASIA PACIFIC TO DOMINATE THE INDUSTRIAL OILS MARKET FROM 2019 TO 2025 30
FIGURE 15 THE PALM SEGMENT IS PROJECTED TO HOLD THE LARGEST SHARE IN
THE INDUSTRIAL OILS MARKET FROM 2019 TO 2025 31
FIGURE 16 THE GRADE I (LIGHT) SEGMENT IS PROJECTED TO HOLD A LARGER SHARE IN
THE INDUSTRIAL OILS MARKET THROUGHOUT 2025 31
FIGURE 17 THE PALM SEGMENT, BY SOURCE, ACCOUNTED FOR THE LARGEST SHARE OF
THE ASIA PACIFIC INDUSTRIAL OILS MARKET 32
FIGURE 18 THE BIOFUEL SEGMENT ESTIMATED TO DOMINATE THE INDUSTRIAL OILS MARKET IN 2019 33
FIGURE 19 US, CHINA, AND INDIA PROJECTED TO GROW AT HIGHER CAGRS DURING
THE FORECAST PERIOD (BY VALUE) 33
FIGURE 20 INDUSTRIAL OILS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES 34
FIGURE 21 US MARKET SHARE OF COMMERCIAL VEHICLE REGISTRATIONS, 2016–2020 36
FIGURE 22 US BIODIESEL PRODUCTION, 2017 VS. 2018 (MILLION GALLON) 36
FIGURE 23 OILSEED PRICES, 2007–2017 (USD) 38
FIGURE 24 THE PROCESSING PHASE PLAYS A VITAL ROLE IN THE SUPPLY CHAIN 41
FIGURE 25 PORTER’S FIVE FORCES: MARKET FRAGMENTATION AND LAUNCH OF SEVERAL NEW PRODUCTS INTENSIFYING INDUSTRIAL RIVALRY 42
FIGURE 26 INDUSTRIAL OILS MARKET, BY SOURCE, 2019 VS. 2025 (MMT) 46
FIGURE 27 INDUSTRIAL OILS MARKET, BY SOURCE, 2019 VS. 2025 (USD BILLION) 47
FIGURE 28 MAJOR SOYBEAN OIL PRODUCTION COUNTRIES IN 2018 49
FIGURE 29 MAJOR PALM OIL PRODUCTION COUNTRIES IN 2018 51
FIGURE 30 MAJOR RAPESEED OIL PRODUCTION COUNTRIES IN 2018 53
FIGURE 31 MAJOR SUNFLOWER OIL EXPORTING COUNTRIES IN 2018 54
FIGURE 32 MAJOR SUNFLOWER OIL IMPORTING COUNTRIES IN 2018 55
FIGURE 33 MAJOR COPRA PRODUCING COUNTRIES, 2018 60
FIGURE 34 GRADE I (LIGHT) SEGMENT DOMINATED THE MARKET
FROM 2019 TO 2025 (USD BILLION) 62
FIGURE 35 INDUSTRIAL OILS MARKET SIZE, BY END USE, 2019–2025 (USD BILLION) 68
FIGURE 36 CHINA HELD THE LARGEST MARKET SHARE IN THE INDUSTRIAL OILS MARKET DURING THE FORECAST PERIOD 77
FIGURE 37 NORTH AMERICA: INDUSTRIAL OILS SNAPSHOT 79
FIGURE 38 EUROPE: INDUSTRIAL OILS MARKET SNAPSHOT, 2018 85
FIGURE 39 ASIA PACIFIC: INDUSTRIAL OILS MARKET SNAPSHOT, 2018 92
FIGURE 40 VEGETABLE OILS CONSUMPTION IN CHINA, 2018 97
FIGURE 41 VEGETABLE OILS CONSUMPTION IN INDIA, 2018 98
FIGURE 42 AUSTRALIAN EXPORT OF CANOLA, 2013–2017 (THOUSAND METRIC TON) 99
FIGURE 43 VEGETABLE OIL CONSUMPTION IN CHINA, 2018 105
FIGURE 44 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE INDUSTRIAL OILS MARKET, 2014–2018 107
FIGURE 45 GLOBAL INDUSTRIAL OILS MARKET COMPETITIVE LEADERSHIP MAPPING, 2018 109
FIGURE 46 CARGILL LED THE INDUSTRIAL OILS MARKET IN, 2018 109
FIGURE 47 CARGILL: COMPANY SNAPSHOT 111
FIGURE 48 CARGILL: SWOT ANALYSIS 114
FIGURE 49 BUNGE LIMITED: COMPANY SNAPSHOT 115
FIGURE 50 BUNGE LIMITED: SWOT ANALYSIS 116
FIGURE 51 WILMAR INTERNATIONAL: COMPANY SNAPSHOT 117
FIGURE 52 WILMAR INTERNATIONAL: SWOT ANALYSIS 118
FIGURE 53 LOUIS DREYFUS COMPANY: COMPANY SNAPSHOT 120
FIGURE 54 LOUIS DREYFUS COMPANY: SWOT ANALYSIS 121
FIGURE 55 ARCHER DANIELS MIDLAND: COMPANY SNAPSHOT 122
FIGURE 56 ARCHER DANIELS MIDLAND: SWOT ANALYSIS 124
FIGURE 57 B?HLER GROUP: COMPANY SNAPSHOT 125
FIGURE 58 CHS INC: COMPANY SNAPSHOT 126
FIGURE 59 AG PROCESSING INC: COMPANY SNAPSHOT 128

 

List of Tables



TABLE 1 USD EXCHANGE RATES CONSIDERED, 2014–2018 18
TABLE 2 OILSEEDS USED IN THE PRODUCTION OF BIODIESEL 35
TABLE 3 ANNUAL GDP AND INDUSTRIAL PRODUCTION GROWTH RATES OF COUNTRIES
IN ASIA PACIFIC, 2016 37
TABLE 4 LIST OF PATENT 43
TABLE 5 INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (MMT) 47
TABLE 6 INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (USD BILLION) 48
TABLE 7 SOYBEAN: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 50
TABLE 8 SOYBEAN: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD BILLION) 50
TABLE 9 PALM: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 51
TABLE 10 PALM: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 52
TABLE 11 RAPESEED: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (KT) 53
TABLE 12 RAPESEED: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD MILLION) 53
TABLE 13 SUNFLOWER: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 55
TABLE 14 SUNFLOWER: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD MILLION) 55
TABLE 15 CORN: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (KT) 56
TABLE 16 CORN: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 56
TABLE 17 COTTONSEED: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (KT) 57
TABLE 18 COTTONSEED: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD MILLION) 57
TABLE 19 FUNCTIONALITY AND CHEMICAL COMPOSITION OF PEANUT BY-PRODUCTS 59
TABLE 20 OTHERS: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (KT) 60
TABLE 21 OTHERS: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 60
TABLE 22 INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (USD BILLION) 62
TABLE 23 INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (MMT) 63
TABLE 24 GRADE I (LIGHT): INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 63
TABLE 25 GRADE I (LIGHT): INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD BILLION) 64
TABLE 26 GRADE II (MEDIUM): INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (MMT) 64
TABLE 27 GRADE II (MEDIUM): INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD BILLION) 65
TABLE 28 GRADE III (HEAVY): INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (MMT) 65
TABLE 29 GRADE III (HEAVY): INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD BILLION) 66
TABLE 30 INDUSTRIAL OILS MARKET SIZE, BY END USE, 2017–2025 (USD BILLION) 68
TABLE 31 INDUSTRIAL OILS MARKET SIZE, BY END USE, 2017–2025 (MMT) 69
TABLE 32 BIOFUEL: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD BILLION) 69
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TABLE 33 BIOFUEL: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 70
TABLE 34 PAINTS & COATINGS: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD MILLION) 70
TABLE 35 PAINTS & COATING: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (MMT) 71
TABLE 36 COSMETICS & PERSONAL CARE: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD BILLION) 71
TABLE 37 COSMETICS & PERSONAL CARE: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 72
TABLE 38 PHARMACEUTICALS: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD MILLION) 72
TABLE 39 PHARMACEUTICALS: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (KT) 73
TABLE 40 OTHERS: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD BILLION) 73
TABLE 41 OTHERS: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 74
TABLE 42 INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 78
TABLE 43 INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD BILLION) 78
TABLE 44 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY COUNTRY 2017–2025 (MMT) 80
TABLE 45 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY COUNTRY 2017–2025 (USD BILLION) 80
TABLE 46 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (KT) 80
TABLE 47 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 81
TABLE 48 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (MMT) 81
TABLE 49 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY TYPE 2017–2025 (USD BILLION) 82
TABLE 50 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY END USE 2017–2025 (MMT) 82
TABLE 51 NORTH AMERICA: INDUSTRIAL OILS MARKET SIZE, BY END USE 2017–2025 (USD MILLION) 82
TABLE 52 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 86
TABLE 53 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 86
TABLE 54 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (KT) 87
TABLE 55 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 87
TABLE 56 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (MMT) 88
TABLE 57 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (USD MILLION) 88
TABLE 58 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY END USE, 2017–2025 (MMT) 88
TABLE 59 EUROPE: INDUSTRIAL OILS MARKET SIZE, BY END USE, 2017–2025 (USD BILLION) 89
TABLE 60 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY REGION, 2017–2025 (MMT) 93
TABLE 61 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY REGION 2017–2025 (USD BILLION) 93
TABLE 62 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (MMT) 94
TABLE 63 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 94
TABLE 64 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (MMT) 95
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TABLE 65 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY TYPE 2017–2025 (USD BILLION) 95
TABLE 66 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY END USE, 2017–2025 (MMT) 95
TABLE 67 ASIA PACIFIC: INDUSTRIAL OILS MARKET SIZE, BY END USE 2017–2025 (USD BILLION) 96
TABLE 68 ROW: INDUSTRIAL OILS MARKET SIZE, BY COUNTRY, 2017–2025 (MMT) 100
TABLE 69 ROW: INDUSTRIAL OILS MARKET SIZE, BY COUNTRY, 2017–2025 (USD BILLION) 101
TABLE 70 ROW: INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (KT) 101
TABLE 71 ROW: INDUSTRIAL OILS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 102
TABLE 72 ROW: INDUSTRIAL OILS MARKET SIZE, BY END USE, 2017–2025 (KT) 102
TABLE 73 ROW: INDUSTRIAL OILS MARKET SIZE, BY END USE, 2017–2025 (USD MILLION) 103
TABLE 74 ROW: INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (MMT) 103
TABLE 75 ROW: INDUSTRIAL OILS MARKET SIZE, BY TYPE, 2017–2025 (USD MILLION) 103
TABLE 76 NEW PRODUCT LAUNCHES, 2016 110
TABLE 77 EXPANSIONS, 2015 - 2018 110
TABLE 78 AGREEMENTS & JOINT VENTURES, 2016 - 2017 110