Key Findings
The process oil market in Europe is primary driven by a number of key drivers including, growing automotive industry, rising personal care industry and increasing demand for low viscosity oils in various verticals such as pharmaceuticals, textile, etc. It is predicted to rise at a 3.37% CAGR in terms of revenue generation and 3.04% CAGR in terms of demand, by the end of the forecast period of 2019-2027.

Market Insights
The year-over-year growth in the production of cars and light truck tires is expected to boost the European process oil market, process oil being a key component used for the manufacture of automobile tires. The market is segmented according to applications and types. Also, stringent emission and fuel economy standards in Western Europe are expected to contribute to the market growth significantly. Process oil has a low viscosity and thus produces minimum emissions of greenhouse gases. Thus, they comply effectively with European government emission regulations. The German process oil market generated massive revenue in 2018, but the France market is expected to progress with a significant CAGR over the forecasted years.

Competitive Insights
Companies like Rosneft, Orgkhim Biochemical Holding, Nynas AB, Hollyfrontier Refining & Marketing Inc., Sepahan Oil Company, Iranol Company, GP Petroleums, Calumet Specialty Products Partners, L.P., Panama Petrochem Ltd., Sasol, Petrobras, Phillips 66 Company, JX Nippon Oil & Gas Eploration, Idemitsu Kosan Co. Ltd., Royal Dutch Shell PLC, Lukoil, Petronas Lubricants International, Chevron Corporation, Petrochina Company Ltd., Total SA, Ergon North & South America, Avista Oil AG, Repsol SA, Hindustan Petroleum Corporation Ltd., Exxon Mobil Chemical Company, Gazprom, Lanxess Process Oil, APAR Industries Ltd., and Sunoco LP are involved in process oil manufacturing.