During the entire period in consideration, Asia Pacific had the highest market value for base oils worldwide, at approximately 12.6 billion U.S. dollars in 2022. This was followed by Europe, at 7.2 billion U.S. dollars in the same year. The market value of base oils in all of the regions around the world are forecast to increase in the next coming years.
Market value of base oil worldwide from 2020 to 2022 with a forecast from 2023 to 2032, by region
(in million U.S. dollars)
Characteristic
Asia Pacific
Europe
North America
Rest of world
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Inkwood Research. (May 17, 2023). Market value of base oil worldwide from 2020 to 2022 with a forecast from 2023 to 2032, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1385937/global-base-oil-market-size-by-region/
Inkwood Research. "Market value of base oil worldwide from 2020 to 2022 with a forecast from 2023 to 2032, by region (in million U.S. dollars)." Chart. May 17, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1385937/global-base-oil-market-size-by-region/
Inkwood Research. (2023). Market value of base oil worldwide from 2020 to 2022 with a forecast from 2023 to 2032, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1385937/global-base-oil-market-size-by-region/
Inkwood Research. "Market Value of Base Oil Worldwide from 2020 to 2022 with a Forecast from 2023 to 2032, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 17 May 2023, https://www.statista.com/statistics/1385937/global-base-oil-market-size-by-region/
Inkwood Research, Market value of base oil worldwide from 2020 to 2022 with a forecast from 2023 to 2032, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1385937/global-base-oil-market-size-by-region/ (last visited July 27, 2024)
Market value of base oil worldwide from 2020 to 2022 with a forecast from 2023 to 2032, by region (in million U.S. dollars) [Graph], Inkwood Research, May 17, 2023. [Online]. Available: https://www.statista.com/statistics/1385937/global-base-oil-market-size-by-region/