The rubber process oil market size has grown steadily in recent years. It will grow from $2.11 billion in 2024 to $2.21 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to infrastructure development, environmental regulations, natural rubber production, replacement tire market, shifts in consumer preferences for high-performance tires.
The rubber process oil market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to digital transformation, changing automotive design, increasing focus on sustainability, rise in electric vehicle adoption, demand for specialty rubber products. Major trends in the forecast period include bio-based rubber process oils, customized formulations, enhanced performance additives, energy-efficient manufacturing, enhanced product traceability.
The rising consumption of rubber process oils in tire manufacturing is playing a significant role in the growth of the rubber process oil market. These oils are utilized in producing automotive tires and tubes, bicycle tires, tire retreading materials, among others. The increasing number of automobiles worldwide has led to a heightened demand for tires, thereby boosting the rubber processing oil market. For example, the Society of Indian Automobile Manufacturers (SIAM) reported that from April 2021 to March 2022, passenger vehicle sales rose from 404,397 to 577,875 units, while commercial vehicle sales increased from 50,334 to 92,297 units. Three-wheeler sales jumped from 393,001 to 499,730 units, and two-wheeler sales went up from 3,282,786 to 4,443,018 units. Consequently, the rising consumption of rubber process oils in tire manufacturing is fueling the demand for automobiles, which is expected to drive the growth of the rubber process oils market in the future.
The expanding automotive industry is a significant contributor to the growth of the rubber process oil market. This industry encompasses all activities and companies involved in the design, development, manufacturing, marketing, selling, servicing, and repairing of motor vehicles. Rubber process oil is essential in the automotive sector, providing necessary lubrication and performance-enhancing properties to rubber compounds, which are critical for producing high-quality tires and vital rubber components in vehicle manufacturing. For instance, data from the International Energy Agency (IEA), a France-based intergovernmental organization, indicates that SUVs accounted for 48% of global car sales, reaching a record high in 2023 and reinforcing their popularity in the automotive market. Sales of SUVs in advanced economies surpassed 20 million in 2022, capturing a 50% market share for the first time, while over 360 million SUVs were on the roads globally. Therefore, the expanding automotive industry is poised to propel the growth of the rubber process oils market in the future.
Major companies in the rubber processing oil market are utilizing a strategic partnership approach to enhance access to high viscosity and solvency solutions, thereby reinforcing the supply security of these products. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in August 2022, Cross Oil Refining & Marketing, Inc., a US-based oil refinery, formed a partnership with Process Oils, Inc., a US-based supplier of process oils and base oils for the rubber, plastics, and lubricants industries. This collaboration aims to improve the rubber processing oil market by broadening access to high viscosity and solvency solutions, ensuring a stable supply, offering technical expertise, and capitalizing on an efficient logistics network. This alliance is expected to significantly contribute to meeting the rising demand for rubber processing oils, particularly within the growing automotive and tire sectors.
In August 2022, Saudi Aramco, a Saudi Arabia-based petroleum and natural gas company, acquired Valvoline Inc.’s global products business for $2.5 billion. This acquisition provided Saudi Aramco with Valvoline’s manufacturing and distribution network, research and development capabilities, and partnerships with original equipment manufacturers (OEMs). It complemented Saudi Aramco’s premium line of branded lubricant products. Valvoline, based in the US, manufactures and distributes automotive oils, additives, and lubricants.
Major companies operating in the rubber process oil market include Exxon Mobil Corporation, Royal Dutch Shell plc., Total S.A., Chevron Corporation, Eni S.p.A, Reliance Industries Limited, Petronas Lubricants Belgium NV, Repsol S.A., Indian Oil Corporation Limited, Iranol Oil Co, Hindustan Petroleum Corporation Limited, Gazprom Neft, CPC Corporation, Southwestern Petroleum Corporation, Eagle Compression LLC, ORGKHIM Biochemical Holding, Apar Industries Ltd., Nynas AB, Lodha Petro, Gandhar Oil Refinery Limited, Panama Petrochem Ltd., Cross Oil Refining & Marketing Inc., Hollyfrontier Refining & Marketing LLC, Petro Gulf FZC, WBF Pte Ltd., Behran Oil Company, Vintrol Lubes Pvt Ltd., Witmans Industries Pvt Ltd.
Asia-Pacific was the largest region in the rubber process oil market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the rubber process oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rubber process oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The rubber processing oil market consists of sales of distillate aromatic extract and paraffin oil. 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.
Rubber processing oils act as plasticizers or extenders, improving the processability and physical properties of vulcanization in rubber compound products. They are commonly used in the production of toys, rubber bands, automotive tires, and aircraft parts.
The primary types of rubber process oil encompass aromatic, paraffinic, naphthenic, mild extracted solvent (MES), residual aromatic extracted solvent (RAE), and treated distillate aromatic extracted solvent (TDAE). Aromatic rubber process oils, with a double-bonded mixed ring carbon structure, exhibit color stability, solubility, and thermal stability, making them suitable for molded articles, slippers, LPG tubes, floor tiles, and more.
The rubber process oil market research report is one of a series of new reports that provides rubber process oil market statistics, including rubber process oil industry global market size, regional shares, competitors with a rubber process oil market share, detailed rubber process oil market segments, market trends and opportunities, and any further data you may need to thrive in the rubber process oil industry. This rubber process 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.
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.
This product will be delivered within 3-5 business days.
The rubber process oil market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to digital transformation, changing automotive design, increasing focus on sustainability, rise in electric vehicle adoption, demand for specialty rubber products. Major trends in the forecast period include bio-based rubber process oils, customized formulations, enhanced performance additives, energy-efficient manufacturing, enhanced product traceability.
The rising consumption of rubber process oils in tire manufacturing is playing a significant role in the growth of the rubber process oil market. These oils are utilized in producing automotive tires and tubes, bicycle tires, tire retreading materials, among others. The increasing number of automobiles worldwide has led to a heightened demand for tires, thereby boosting the rubber processing oil market. For example, the Society of Indian Automobile Manufacturers (SIAM) reported that from April 2021 to March 2022, passenger vehicle sales rose from 404,397 to 577,875 units, while commercial vehicle sales increased from 50,334 to 92,297 units. Three-wheeler sales jumped from 393,001 to 499,730 units, and two-wheeler sales went up from 3,282,786 to 4,443,018 units. Consequently, the rising consumption of rubber process oils in tire manufacturing is fueling the demand for automobiles, which is expected to drive the growth of the rubber process oils market in the future.
The expanding automotive industry is a significant contributor to the growth of the rubber process oil market. This industry encompasses all activities and companies involved in the design, development, manufacturing, marketing, selling, servicing, and repairing of motor vehicles. Rubber process oil is essential in the automotive sector, providing necessary lubrication and performance-enhancing properties to rubber compounds, which are critical for producing high-quality tires and vital rubber components in vehicle manufacturing. For instance, data from the International Energy Agency (IEA), a France-based intergovernmental organization, indicates that SUVs accounted for 48% of global car sales, reaching a record high in 2023 and reinforcing their popularity in the automotive market. Sales of SUVs in advanced economies surpassed 20 million in 2022, capturing a 50% market share for the first time, while over 360 million SUVs were on the roads globally. Therefore, the expanding automotive industry is poised to propel the growth of the rubber process oils market in the future.
Major companies in the rubber processing oil market are utilizing a strategic partnership approach to enhance access to high viscosity and solvency solutions, thereby reinforcing the supply security of these products. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in August 2022, Cross Oil Refining & Marketing, Inc., a US-based oil refinery, formed a partnership with Process Oils, Inc., a US-based supplier of process oils and base oils for the rubber, plastics, and lubricants industries. This collaboration aims to improve the rubber processing oil market by broadening access to high viscosity and solvency solutions, ensuring a stable supply, offering technical expertise, and capitalizing on an efficient logistics network. This alliance is expected to significantly contribute to meeting the rising demand for rubber processing oils, particularly within the growing automotive and tire sectors.
In August 2022, Saudi Aramco, a Saudi Arabia-based petroleum and natural gas company, acquired Valvoline Inc.’s global products business for $2.5 billion. This acquisition provided Saudi Aramco with Valvoline’s manufacturing and distribution network, research and development capabilities, and partnerships with original equipment manufacturers (OEMs). It complemented Saudi Aramco’s premium line of branded lubricant products. Valvoline, based in the US, manufactures and distributes automotive oils, additives, and lubricants.
Major companies operating in the rubber process oil market include Exxon Mobil Corporation, Royal Dutch Shell plc., Total S.A., Chevron Corporation, Eni S.p.A, Reliance Industries Limited, Petronas Lubricants Belgium NV, Repsol S.A., Indian Oil Corporation Limited, Iranol Oil Co, Hindustan Petroleum Corporation Limited, Gazprom Neft, CPC Corporation, Southwestern Petroleum Corporation, Eagle Compression LLC, ORGKHIM Biochemical Holding, Apar Industries Ltd., Nynas AB, Lodha Petro, Gandhar Oil Refinery Limited, Panama Petrochem Ltd., Cross Oil Refining & Marketing Inc., Hollyfrontier Refining & Marketing LLC, Petro Gulf FZC, WBF Pte Ltd., Behran Oil Company, Vintrol Lubes Pvt Ltd., Witmans Industries Pvt Ltd.
Asia-Pacific was the largest region in the rubber process oil market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the rubber process oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rubber process oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The rubber processing oil market consists of sales of distillate aromatic extract and paraffin oil. 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.
Rubber processing oils act as plasticizers or extenders, improving the processability and physical properties of vulcanization in rubber compound products. They are commonly used in the production of toys, rubber bands, automotive tires, and aircraft parts.
The primary types of rubber process oil encompass aromatic, paraffinic, naphthenic, mild extracted solvent (MES), residual aromatic extracted solvent (RAE), and treated distillate aromatic extracted solvent (TDAE). Aromatic rubber process oils, with a double-bonded mixed ring carbon structure, exhibit color stability, solubility, and thermal stability, making them suitable for molded articles, slippers, LPG tubes, floor tiles, and more.
The rubber process oil market research report is one of a series of new reports that provides rubber process oil market statistics, including rubber process oil industry global market size, regional shares, competitors with a rubber process oil market share, detailed rubber process oil market segments, market trends and opportunities, and any further data you may need to thrive in the rubber process oil industry. This rubber process 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.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Rubber Process Oil Market Characteristics3. Rubber Process Oil Market Trends and Strategies4. Rubber Process Oil Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Rubber Process Oil Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Rubber Process Oil Market34. Recent Developments in the Rubber Process Oil Market
5. Global Rubber Process Oil Growth Analysis and Strategic Analysis Framework
6. Rubber Process Oil Market Segmentation
7. Rubber Process Oil Market Regional and Country Analysis
8. Asia-Pacific Rubber Process Oil Market
9. China Rubber Process Oil Market
10. India Rubber Process Oil Market
11. Japan Rubber Process Oil Market
12. Australia Rubber Process Oil Market
13. Indonesia Rubber Process Oil Market
14. South Korea Rubber Process Oil Market
15. Western Europe Rubber Process Oil Market
16. UK Rubber Process Oil Market
17. Germany Rubber Process Oil Market
18. France Rubber Process Oil Market
19. Italy Rubber Process Oil Market
20. Spain Rubber Process Oil Market
21. Eastern Europe Rubber Process Oil Market
22. Russia Rubber Process Oil Market
23. North America Rubber Process Oil Market
24. USA Rubber Process Oil Market
25. Canada Rubber Process Oil Market
26. South America Rubber Process Oil Market
27. Brazil Rubber Process Oil Market
28. Middle East Rubber Process Oil Market
29. Africa Rubber Process Oil Market
30. Rubber Process Oil Market Competitive Landscape and Company Profiles
31. Rubber Process Oil Market Other Major and Innovative Companies
35. Rubber Process Oil Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Rubber Process Oil Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on rubber process oil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for rubber process oil? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rubber process oil market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Aromatic; Paraffinic; Naphthenic; Mild Extracted Solvent (MES); Residual Aromatic Extracted Solvent (RAE); Treated Distillate Aromatic Extracted Solvent (TDAE)2) By Application: Rubber Processing; Adhesives and Sealants; Polymer; Consumer Products; Paints and Coatings
3) By End User: Automotive; Construction; Gas and Oil
Subsegments:
1) By Aromatic: Heavy Aromatic Oil; Light Aromatic Oil2) By Paraffinic: Low Aromatic Paraffinic Oil; High Viscosity Paraffinic Oil
3) By Naphthenic: Medium Naphthenic Oil; High Naphthenic Oil
4) By Mild Extracted Solvent (MES): Low Aromatic MES; High Performance MES
5) By Residual Aromatic Extracted Solvent (RAE): RAE With High Stability; RAE For Specific Applications
6) By Treated Distillate Aromatic Extracted Solvent (TDAE): TDAE With Low Aromatic Content; TDAE For Eco-Friendly Applications
Key Companies Mentioned: Exxon Mobil Corporation; Royal Dutch Shell plc.; Total S.A.; Chevron Corporation; Eni S.p.A
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Exxon Mobil Corporation
- Royal Dutch Shell plc.
- Total S.A.
- Chevron Corporation
- Eni S.p.A
- Reliance Industries Limited
- Petronas Lubricants Belgium NV
- Repsol S.A.
- Indian Oil Corporation Limited
- Iranol Oil Co
- Hindustan Petroleum Corporation Limited
- Gazprom Neft
- CPC Corporation
- Southwestern Petroleum Corporation
- Eagle Compression LLC
- ORGKHIM Biochemical Holding
- Apar Industries Ltd.
- Nynas AB
- Lodha Petro
- Gandhar Oil Refinery Limited
- Panama Petrochem Ltd.
- Cross Oil Refining & Marketing Inc.
- Hollyfrontier Refining & Marketing LLC
- Petro Gulf FZC
- WBF Pte Ltd.
- Behran Oil Company
- Vintrol Lubes Pvt Ltd.
- Witmans Industries Pvt Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.21 Billion |
| Forecasted Market Value ( USD | $ 2.76 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
