Key Findings
The North America process oil market is expected to accelerate ahead with a CAGR rise of 2.94% in terms of revenue generation and a CAGR of 3.38% in terms of demand, raising a total of $xx million by the end of the forecast period of 2019-2027. Growing hydrocarbon exploration activity in the region and increasing trend of using low polyaromatic hydrocarbon (PAH) oils are expected to present this market with amazing growth opportunities.

Market Insights
The North American market is expected to be a world leader in terms of process oil market. Leading U.S. tire manufacturers are boosting the process oil market growth in this region. This, coupled with the notable investments made by key market players in the development and expansion of tire facilities across the U.S. are responsible for the country’s high revenue share in the North American market. In Canada, the increased consumption or sales of cosmetics, fragrances, toiletries and other personal care products are responsible for driving the market growth in the country.

Competitive Insights
Some of the leading process oil manufacturers in the North American market are 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.