Global Mineral Oil Market Report 2024

Mineral Oil Global Market Report 2024 – By Type (Paraffinic Oil, Naphthenic Oil, Aromatic Oil), By Grade (Technical Oil, White Oil), By End User (Personal Care, Food and Beverages, Industrial, Pharmaceutical, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

Mineral Oil Global Market Report 2024

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Mineral Oil Market Definition And Segments

Mineral oil refers to a kind of oil produced from petroleum that contains a mixture of oily liquids. It is a colorless, transparent liquid that is odorless and tasteless. Mineral oil is insoluble in water and ethanol. Mineral oils are used in the manufacture of various products such as bulk drugs, cosmetics, textile auxiliaries, and plant spray oil, agrochemicals, aerosols, dye intermediates, and the paper industry.

The mineral oils main types of mineral oil are paraffinic oil, naphthenic oil, and aromatic oil. Paraffin oil refers to a hydrocarbon-based liquid from the fractional distillation of crude oil. It is used as a corrosion prevention element when applied as a lubricant. The different grades include technical oil and white oil that are used in personal care, food and beverages, industrial, pharmaceutical and other end users.

The mineral oils market covered in this report is segmented –

1) By Type: Paraffinic Oil, Naphthenic Oil, Aromatic Oil

2) By Grade: Technical Oil, White Oil

3) By End User: Personal Care, Food and Beverages, Industrial, Pharmaceutical, Other End Users

The mineral oil market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to industrialization & urbanization, medical device applications, electrical industry demand, agricultural use, petrochemical expansion, pharmaceutical applications.

The mineral oil market size is expected to see strong growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to global economic growth, shifts in consumer preferences, industrial expansion, emerging market demand, rise in sustainable practices. Major trends in the forecast period include industrial applications, pharmaceutical industry demand, cosmetics & personal care use, automotive sector requirements, growing petrochemical industry, agricultural applications.

Surging Demand For Personal Care Products Fuels Growth In The Mineral Oil Market

Rising demand for personal care products such as skin care is expected to propel the growth of the mineral oil market going forward. Personal care products refer to creams and lotions that are used to protect the skin. This may involve activities specific to users, such as dressing, taking a shower, applying creams and lotions, and bathing. Personal care and skin care products use mineral oils because of their moisturizing, emollient, and soothing properties. For instance, according to Forbes, an American business magazine, the global cosmetic industry is expected to reach $390 billion by 2024. Therefore, rising demand for personal care products such as skin care is driving the growth of the mineral oil market.

Rise In Automobile Industry Drives Growth In The Mineral Oil Market

The increasing expansion of automobile industry is expected to propel the growth of mineral oil market going forward. The automobile industry refers to the collection of companies, organizations, and activities involved in the design, development, manufacturing, marketing, and sale of motor vehicles. Mineral oil is commonly used in the automobile industry as a base oil for the production of lubricants, including engine oils, transmission fluids, and hydraulic fluids. Its lubricating properties help reduce friction and wear in various automotive components, enhancing overall engine and vehicle performance. For instance, in February 2023, according to the European Automobile Manufacturers Association, a Belgium-based association, in 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021. Therefore, the increasing expansion of automobile industry is driving the growth of mineral oil market.

Major companies operating in the mineral oil market report are Saudi Aramco, China National Petroleum Corporation, PetroChina Company Limited, Exxon Mobil Corporation, Shell PLC, TotalEnergies SE, BP PLC, Chevron Corporation, ENI S.p.A. Indian Oil Corporation Limited, Rosneft Oil Company, BASF SE, JXTG Holdings Inc., OMV AG, Idemitsu Kosan Co Ltd., Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Sasol Limited, Eastman Chemical Company, Kuwait Petroleum Corporation, Clariant International AG, FUCHS PETROLUB SE Civitas Resources Inc., Petro-Canada, Idemitsu Lubricants Co Ltd., Unicorn Petroleum Company Limited, Renkert Oil Inc., CKX Lands Inc., Seojin Chemical Co Ltd., Nippon Oil Corporation, Phillips 66, EOG Resources Inc.

Product Innovations Transforming The Mineral Oil Market

Major companies operating in the mineral oil market are developing new products such as synthetic high performance grease to gain a competitive edge in the market. Synthetic high-performance grease refers to a lubricating substance designed for demanding applications that require superior performance characteristics. For instance, in May 2022, DuPont de Nemours Inc., a US-based chemicals company, launched the MOLYKOTE Multilub Synthetic High Performance Grease, a versatile lubricant certified with the National Lubricating Grease Institute's (NLGI) HPM + LT designation. This certification signifies High-Performance Multiuse Grease with enhanced low-temperature performance, making it suitable for a wide range of applications, including gears, slides, pumps, agitators, spindles, gearboxes, bushings, actuators, and springs. The synthetic formulation offers superior performance and durability compared to mineral-oil-based greases, and its ability to operate in temperatures as low as -58°F (-50°C) adds flexibility to its applications.

Advancements In Base Oil Formulations Reshaping The Mineral Oil Market

Major companies operating in the mineral oil market are developing new products such base oil to gain a competitive edge in the market. Base oil refers to the primary component of a lubricating oil or grease formulation. It serves as the main foundation for the lubricant, providing the essential properties such as viscosity, thermal stability, and lubricity. For instance, in September 2022, OQ Chemicals, a Germany-based chemicals company, launched a new ester base oil, Oxlube L7-NPG, designed to enhance the performance and efficiency of electric vehicles (EVs). This specialized base oil enables lubricant manufacturers to formulate optimized e-driveline lubricants with low viscosity, a high flash point, and biodegradability. Oxlube L7-NPG is tailored to meet the unique requirements of modern EV fluids, including excellent thermal and dielectric properties for cooling applications such as e-motor cooling. Its low friction characteristics contribute to higher energy efficiency and reduced wear and maintenance in electric vehicles. The ester-based product also offers environmental advantages compared to mineral oil-based alternatives.

Sitio Royalties Corp And Brigham Minerals Inc Announce Merger To Form Largest Publicly Traded Mineral Royalty Company

In September 2022, Sitio Royalties Corp, and Brigham Minerals Inc announced the merger worth around $4.8 billion. The merger will create the largest publicly traded mineral, royalty company in the USA. The merger aims to consolidate both companies’ various operations and geographies. Sitio Royalties Corp is an American mineral and royalty company. Brigham Minerals Inc is an American firm that focuses on acquiring oil and gas mineral rights across the USA.

North America was the largest region in the mineral oil market in 2023. North America was the second-largest region in the mineral oil market share. The regions covered in the mineral oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the mineral oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mineral oil market consists of sales of petrolatum, microcrystalline wax and ozokerite. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The mineral oil market research report is one of a series of new reports from The Business Research Company that provides mineral oil market statistics, including mineral oil industry global market size, regional shares, competitors with a mineral oil market share, detailed mineral oil market segments, market trends and opportunities, and any further data you may need to thrive in the mineral oil industry. This mineral oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Mineral Oil Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $4.23 billion
Revenue Forecast In 2033 $5.53 billion
Growth Rate CAGR of 7% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Paraffinic Oil, Naphthenic Oil, Aromatic Oil
2) By Grade: Technical Oil, White Oil
3) By End User: Personal Care, Food and Beverages, Industrial, Pharmaceutical, Other End Users
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Saudi Aramco; China National Petroleum Corporation; PetroChina Company Limited; Exxon Mobil Corporation; Shell plc; TotalEnergies SE; BP plc; Chevron Corporation; ENI S.p.A.; Indian Oil Corporation Limited; Rosneft Oil Company; BASF SE; JXTG Holdings Inc.; OMV AG; Idemitsu Kosan Co Ltd.; Bharat Petroleum Corporation Limited; Hindustan Petroleum Corporation Limited; Sasol Limited; Eastman Chemical Company; Kuwait Petroleum Corporation; Clariant International AG; FUCHS PETROLUB SE; Civitas Resources Inc.; Petro-Canada; Idemitsu Lubricants Co. Ltd.; Unicorn Petroleum Company Limited; Renkert Oil Inc.; CKX Lands Inc.; Seojin Chemical Co. Ltd.; Nippon Oil Corporation; Phillips 66; EOG Resources Inc.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Mineral Oil Market Characteristics

    3. Mineral Oil Market Trends And Strategies

    4. Mineral Oil Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Mineral Oil Market Size and Growth

    5.1. Global Mineral Oil Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Mineral Oil Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Mineral Oil Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Mineral Oil Market Segmentation

    6.1. Global Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Paraffinic Oil

    Naphthenic Oil

    Aromatic Oil

    6.2. Global Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Technical Oil

    White Oil

    6.3. Global Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Personal Care

    Food and Beverages

    Industrial

    Pharmaceutical

    Other End Users

    7. Mineral Oil Market Regional And Country Analysis

    7.1. Global Mineral Oil Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Mineral Oil Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Mineral Oil Market

    8.1. Asia-Pacific Mineral Oil Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Mineral Oil Market

    9.1. China Mineral Oil Market Overview

    9.2. China Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Mineral Oil Market

    10.1. India Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Mineral Oil Market

    11.1. Japan Mineral Oil Market Overview

    11.2. Japan Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Mineral Oil Market

    12.1. Australia Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Mineral Oil Market

    13.1. Indonesia Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Mineral Oil Market

    14.1. South Korea Mineral Oil Market Overview

    14.2. South Korea Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Mineral Oil Market

    15.1. Western Europe Mineral Oil Market Overview

    15.2. Western Europe Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Mineral Oil Market

    16.1. UK Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Mineral Oil Market

    17.1. Germany Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Mineral Oil Market

    18.1. France Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Mineral Oil Market

    19.1. Italy Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Mineral Oil Market

    20.1. Spain Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Mineral Oil Market

    21.1. Eastern Europe Mineral Oil Market Overview

    21.2. Eastern Europe Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Mineral Oil Market

    22.1. Russia Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Mineral Oil Market

    23.1. North America Mineral Oil Market Overview

    23.2. North America Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Mineral Oil Market

    24.1. USA Mineral Oil Market Overview

    24.2. USA Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Mineral Oil Market

    25.1. Canada Mineral Oil Market Overview

    25.2. Canada Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Mineral Oil Market

    26.1. South America Mineral Oil Market Overview

    26.2. South America Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Mineral Oil Market

    27.1. Brazil Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Mineral Oil Market

    28.1. Middle East Mineral Oil Market Overview

    28.2. Middle East Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Mineral Oil Market

    29.1. Africa Mineral Oil Market Overview

    29.2. Africa Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Mineral Oil Market Competitive Landscape And Company Profiles

    30.1. Mineral Oil Market Competitive Landscape

    30.2. Mineral Oil Market Company Profiles

    30.2.1. Saudi Aramco

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. China National Petroleum Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. PetroChina Company Limited

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Exxon Mobil Corporation

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Shell plc

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Mineral Oil Market Other Major And Innovative Companies

    31.1. TotalEnergies SE

    31.2. BP plc

    31.3. Chevron Corporation

    31.4. ENI S.p.A.

    31.5. Indian Oil Corporation Limited

    31.6. Rosneft Oil Company

    31.7. BASF SE

    31.8. JXTG Holdings Inc.

    31.9. OMV AG

    31.10. Idemitsu Kosan Co Ltd.

    31.11. Bharat Petroleum Corporation Limited

    31.12. Hindustan Petroleum Corporation Limited

    31.13. Sasol Limited

    31.14. Eastman Chemical Company

    31.15. Kuwait Petroleum Corporation

    32. Global Mineral Oil Market Competitive Benchmarking

    33. Global Mineral Oil Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Mineral Oil Market

    35. Mineral Oil Market Future Outlook and Potential Analysis

    35.1 Mineral Oil Market In 2028 - Countries Offering Most New Opportunities

    35.2 Mineral Oil Market In 2028 - Segments Offering Most New Opportunities

    35.3 Mineral Oil Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Mineral Oil Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Mineral Oil Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Saudi Aramco Financial Performance
  • Table 75: China National Petroleum Corporation Financial Performance
  • Table 76: PetroChina Company Limited Financial Performance
  • Table 77: Exxon Mobil Corporation Financial Performance
  • Table 78: Shell plc Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Mineral Oil Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Mineral Oil Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Mineral Oil Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Mineral Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Mineral Oil Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Saudi Aramco Financial Performance
  • Figure 75: China National Petroleum Corporation Financial Performance
  • Figure 76: PetroChina Company Limited Financial Performance
  • Figure 77: Exxon Mobil Corporation Financial Performance
  • Figure 78: Shell plc Financial Performance
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Frequently Asked Questions

What is the definition of the mineral oil market?

Mineral oil refers to a kind of oil produced from petroleum that contains a mixture of oily liquids. It is a colorless, transparent liquid that is odorless and tasteless. Mineral oil is insoluble in water and ethanol. Mineral oils are used in the manufacture of various products such as bulk drugs, cosmetics, textile auxiliaries, and plant spray oil, agrochemicals, aerosols, dye intermediates, and the paper industry. For further insights on the mineral oil market, request a sample here

How will the mineral oil market drivers and restraints affect the mineral oil market dynamics? What forces will shape the mineral oil industry going forward?

The mineral oil market major growth driver - surging demand for personal care products fuels growth in the mineral oil market. For further insights on the mineral oil market, request a sample here

What is the forecast market size or the forecast market value of the mineral oil market ?

The mineral oil market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to industrialization & urbanization, medical device applications, electrical industry demand, agricultural use, petrochemical expansion, pharmaceutical applications. The mineral oil market size is expected to see strong growth in the next few years. It will grow to $5.53 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to global economic growth, shifts in consumer preferences, industrial expansion, emerging market demand, rise in sustainable practices. Major trends in the forecast period include industrial applications, pharmaceutical industry demand, cosmetics & personal care use, automotive sector requirements, growing petrochemical industry, agricultural applications. For further insights on the mineral oil market, request a sample here

How is the mineral oil market segmented?

The mineral oil market is segmented
1) By Type: Paraffinic Oil, Naphthenic Oil, Aromatic Oil
2) By Grade: Technical Oil, White Oil
3) By End User: Personal Care, Food and Beverages, Industrial, Pharmaceutical, Other End UsersFor further insights on the mineral oil market,
request a sample here

Which region has the largest share of the mineral oil market? What are the other regions covered in the report?

North America was the largest region in the mineral oil market in 2023. North America was the second-largest region in the mineral oil market share. The regions covered in the mineral oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the mineral oil market, request a sample here.

Who are the major players in the mineral oil market?

Major companies operating in the mineral oil market report are Saudi Aramco, China National Petroleum Corporation, PetroChina Company Limited, Exxon Mobil Corporation, Shell plc, TotalEnergies SE, BP plc, Chevron Corporation, ENI S.p.A. Indian Oil Corporation Limited, Rosneft Oil Company, BASF SE, JXTG Holdings Inc., OMV AG, Idemitsu Kosan Co Ltd., Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Sasol Limited, Eastman Chemical Company, Kuwait Petroleum Corporation, Clariant International AG, FUCHS PETROLUB SE Civitas Resources Inc., Petro-Canada, Idemitsu Lubricants Co Ltd., Unicorn Petroleum Company Limited, Renkert Oil Inc., CKX Lands Inc., Seojin Chemical Co Ltd., Nippon Oil Corporation, Phillips 66, EOG Resources Inc. For further insights on the mineral oil market, request a sample here.

What are the key trends in the mineral oil market?

Major trend in the mineral oil market - advancements in base oil formulations reshaping the mineral oil market. For further insights on the mineral oil market, request a sample here.

What are the major opportunities in the mineral oil market? What are the strategies for the mineral oil market?

For detailed insights on the major opportunities and strategies in the mineral oil market, request a sample here.

How does the mineral oil market relate to the overall economy and other similar markets?

For detailed insights on mineral oil market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the mineral oil industry?

For detailed insights on the mergers and acquisitions in the mineral oil industry, request a sample here.

What are the key dynamics influencing the mineral oil market growth? SWOT analysis of the mineral oil market.

For detailed insights on the key dynamics influencing the mineral oil market growth and SWOT analysis of the mineral oil industry, request a sample here.