This statistic outlines the forecasted base oil supply worldwide in 2020, by region and group. It is forecasted that in 2020, the Asia Pacific region will have a base oil supply of some 4.2 million tons of group III base oil.
Base oil regional supply forecast worldwide in 2020, by group
(in million tons per year)
Characteristic
Group I
Group II
Group III
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* Former Soviet Union.
Group I base oils are the least refined base oils, produced by solvent refining.
Group II base oils are a better grade than the Group I base oils, partially produced by hydrocracking.
Group III base oils are the best grade of petroleum base oil, and they are entirely produced by hydrocracking, which gives these oils a higher purity.
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Total. (May 11, 2016). Base oil regional supply forecast worldwide in 2020, by group (in million tons per year) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/726315/regional-base-oil-supply-forecast-by-group/
Total. "Base oil regional supply forecast worldwide in 2020, by group (in million tons per year)." Chart. May 11, 2016. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/726315/regional-base-oil-supply-forecast-by-group/
Total. (2016). Base oil regional supply forecast worldwide in 2020, by group (in million tons per year). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/726315/regional-base-oil-supply-forecast-by-group/
Total. "Base Oil Regional Supply Forecast Worldwide in 2020, by Group (in Million Tons per Year)." Statista, Statista Inc., 11 May 2016, https://www.statista.com/statistics/726315/regional-base-oil-supply-forecast-by-group/
Total, Base oil regional supply forecast worldwide in 2020, by group (in million tons per year) Statista, https://www.statista.com/statistics/726315/regional-base-oil-supply-forecast-by-group/ (last visited July 22, 2024)
Base oil regional supply forecast worldwide in 2020, by group (in million tons per year) [Graph], Total, May 11, 2016. [Online]. Available: https://www.statista.com/statistics/726315/regional-base-oil-supply-forecast-by-group/
