Mineral Oil Global 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

Name: Mineral Oil Global Market Report 2024
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Mineral Oil Global Market Report 2024

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Mineral Oil Market Definition

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.

Mineral Oil Market Segmentation

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

Global Mineral Oil Market Size 2023 to 2028: Graph

Mineral Oil Market Size 2024 And Growth Rate

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.

Mineral Oil Market Growth Forecast

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.

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Mineral Oil Market Driver: 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.

Mineral Oil Market Driver: 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.

Global Mineral Oil Market Major Players

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.

Global Mineral Oil Market Trend: 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.

Global Mineral Oil Market Trend: 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.

Mineral Oil Market Merger And Acquisition:

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.

Regional Insights For The Global Mineral Oil Market

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 Forecast And Analysis

Report Attribute	Details
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 Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

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?

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?

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.