+91 8766 590 1366 sales@chemreports.com

Your Order

Home Reports

Lubricating Oil Refining global market

Lubricating Oil Refining global market

Global Lubricating Oil Refining Market Research Report 2025

This report on the global lubricating oil refining market research report 2025 offers a comprehensive analysis of market size, growth drivers, emerging trends, regio

Pages: 210

Format: PDF

Date: 12-2025

Select Licence

Description Table of Content Key Players & Segment Request for Free Sample

Global Lubricating Oil Refining Market Outlook (2025–2035)

Market Forecast

Chem Reports projects that the Lubricating Oil Refining Market, valued at USD xxxx million in 2024, is expected to reach USD xxxx million by 2035, expanding at a CAGR of xx% globally during the forecast period.

Market Overview

The Global Lubricating Oil Refining Market Report 2020 provides a comprehensive analysis of industry dynamics, including development drivers, structural trends, and market flows. Historical and present market values are assessed to forecast growth trajectories between 2025–2035.

This research integrates both primary and secondary data sources, evaluating:

  • Government policies and regulatory frameworks
  • Market environment and competitive dynamics
  • Technological innovation and upcoming advancements
  • Historical trends and current market drivers
  • Technical progress in adjacent industries

Impact of COVID-19

The COVID-19 outbreak in late 2019 disrupted global supply chains and demand for refined oil products. Declared a public health emergency by the WHO, the pandemic significantly impacted the Lubricating Oil Refining market in 2020. Industries such as automotive, cosmetics, pharmaceuticals, and manufacturing experienced delays and reduced consumption. Recovery has since been shaped by regional reopening strategies and accelerated innovation in refining technologies.

Market Segmentation

By Type

  • Fully Refined Wax
  • Rubber Process Oil
  • White Oil
  • Slack Wax
  • Semi Refined Wax
  • Petrolatum
  • Microcrystalline Wax
  • Others

By Application

  • Cosmetics Industry
  • Rubber Manufacturing
  • Candle Manufacturing
  • Pharmaceutical Industry
  • Others

Regional Analysis

  • North America: U.S., Canada, Mexico – strong demand in cosmetics, pharmaceuticals, and industrial applications.
  • Europe: Germany, U.K., France, Italy, Russia, Spain – focus on regulatory compliance and sustainable refining practices.
  • Asia-Pacific: China, India, Japan, Southeast Asia – fastest-growing region, driven by automotive and manufacturing industries.
  • South America: Brazil, Argentina – emerging demand in rubber and candle manufacturing.
  • Middle East and Africa: Saudi Arabia, South Africa – gradual adoption, primarily in industrial and pharmaceutical applications.

Competitive Landscape

Key players shaping the Lubricating Oil Refining market include:

  • Exxon Mobil
  • Sinopec
  • Royal Dutch Shell
  • Eni S.P.A.
  • Sasol
  • Total SA
  • PetroChina
  • Chevron
  • Repsol
  • LUKOIL
  • Petroliam Nasional Berhad (PETRONAS)
  • Grupa Lotos SA
  • Nippon Seiro
  • HollyFrontier
  • Nynas
  • Petrobras
  • The International Group
  • Indian Oil Corporation
  • Honeywell International
  • Cepsa SA

These companies are actively investing in refining innovation, sustainable formulations, and regional expansion strategies to strengthen market positioning.

The global Lubricating Oil Refining market is projected to grow steadily between 2025 and 2035, driven by demand across cosmetics, pharmaceuticals, rubber manufacturing, and industrial applications. Refined lubricating oil derivatives such as waxes, petrolatum, and white oils are critical feedstocks for diverse consumer and industrial products, making refining capacity and innovation central to market competitiveness.

Detailed Segmentation Analysis

By Type

  • Fully Refined Wax: High purity, widely used in cosmetics and pharmaceuticals.
  • Rubber Process Oil: Essential for rubber compounding and tire manufacturing.
  • White Oil: Used in cosmetics, food-grade applications, and pharmaceuticals.
  • Slack Wax: Intermediate feedstock for further refining.
  • Semi Refined Wax: Cost-effective option for candles and industrial uses.
  • Petrolatum: Key ingredient in ointments, cosmetics, and lubricants.
  • Microcrystalline Wax: Provides flexibility and adhesion in coatings and packaging.
  • Others: Specialty derivatives for niche applications.

By Application

  • Cosmetics Industry: Largest segment, driven by demand for refined waxes and white oils.
  • Rubber Manufacturing: Strong demand for process oils in tire and industrial rubber.
  • Candle Manufacturing: Slack and semi-refined waxes dominate.
  • Pharmaceutical Industry: Petrolatum and white oils used in ointments and formulations.
  • Others: Packaging, coatings, and specialty industrial uses.

By Region

  • North America: Strong demand in cosmetics, pharmaceuticals, and industrial applications.
  • Europe: Focus on regulatory compliance and sustainable refining practices.
  • Asia-Pacific: Fastest-growing region, driven by automotive and manufacturing industries in China, India, and Japan.
  • South America: Emerging demand in rubber and candle manufacturing.
  • Middle East and Africa: Gradual adoption, primarily in industrial and pharmaceutical applications.

Porter’s Five Forces Analysis

  1. Threat of New Entrants: Moderate. High capital intensity and regulatory compliance limit entry.
  2. Bargaining Power of Suppliers: High. Dependence on crude oil feedstock creates vulnerability.
  3. Bargaining Power of Buyers: Moderate. Large industrial buyers exert influence, but specialized derivatives reduce substitution.
  4. Threat of Substitutes: Moderate. Alternatives include synthetic oils and bio-based waxes.
  5. Industry Rivalry: High. Competition among global oil majors and specialty refiners drives innovation.

SWOT Analysis

Strengths

  • Wide range of applications across consumer and industrial sectors
  • Established global refining infrastructure
  • Strong demand driven by cosmetics and pharmaceuticals

Weaknesses

  • High dependency on crude oil supply chains
  • Environmental concerns and regulatory pressures
  • Volatility in raw material costs

Opportunities

  • Growth in Asia-Pacific automotive and manufacturing industries
  • Rising demand for eco-friendly and bio-based lubricants
  • Expansion into specialty applications such as packaging and coatings

Threats

  • Competition from synthetic and bio-based alternatives
  • Regulatory restrictions on petroleum derivatives
  • Supply chain disruptions and crude oil price volatility

Trend Analysis

  • Increasing use of refined waxes in cosmetics and pharmaceuticals.
  • Rising demand for rubber process oils in automotive manufacturing.
  • Integration of eco-friendly and bio-based alternatives.
  • Sustainability focus driving innovation in refining technologies.

Drivers and Challenges

Drivers

  • Expanding global cosmetics and pharmaceutical industries.
  • Rising consumer demand for premium and safe products.
  • Technological advancements in refining processes.

Challenges

  • High production costs limiting adoption in cost-sensitive markets.
  • Dependence on crude oil supply chains.
  • Competition from alternative lubricants and waxes.

Value Chain Analysis

  1. Raw Material Suppliers: Crude oil producers and petrochemical feedstock suppliers.
  2. Refining Companies: Exxon Mobil, Sinopec, Royal Dutch Shell, Eni S.P.A., Sasol, Total SA, PetroChina, Chevron, Repsol, LUKOIL, PETRONAS, Grupa Lotos SA, Nippon Seiro, HollyFrontier, Nynas, Petrobras, The International Group, Indian Oil Corporation, Honeywell International, Cepsa SA.
  3. Distributors: Regional distributors supplying to cosmetics, pharmaceuticals, rubber, and industrial sectors.
  4. End-Use Industries: Cosmetics, pharmaceuticals, rubber manufacturing, candle production, coatings, and packaging.
  5. Consumers: Manufacturers and end-users demanding refined lubricating oil derivatives for diverse applications.

 

1. Market Overview of Lubricating Oil Refining
    1.1 Lubricating Oil Refining Market Overview
        1.1.1 Lubricating Oil Refining Product Scope
        1.1.2 Market Status and Outlook
    1.2 Lubricating Oil Refining Market Size by Regions:
    1.3 Lubricating Oil Refining Historic Market Size by Regions
    1.4 Lubricating Oil Refining Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Lubricating Oil Refining Sales Market by Type
    2.1 Global Lubricating Oil Refining Historic Market Size by Type
    2.2 Global Lubricating Oil Refining Forecasted Market Size by Type
    2.3 Fully Refined Wax
    2.4 Rubber Process Oil
    2.5 White Oil
    2.6 Slack Wax
    2.7 Semi Refined Wax
    2.8 Petrolatum
    2.9 Microcrystalline Wax
    2.10 Others
3. Covid-19 Impact Lubricating Oil Refining Sales Market by Application
    3.1 Global Lubricating Oil Refining Historic Market Size by Application
    3.2 Global Lubricating Oil Refining Forecasted Market Size by Application
    3.3 Cosmetics Industry
    3.4 Rubber Manufacturing
    3.5 Candle Manufacturing
    3.6 Pharmaceutical Industry
    3.7 Others
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Lubricating Oil Refining Production Capacity Market Share by Manufacturers
    4.2 Global Lubricating Oil Refining Revenue Market Share by Manufacturers
    4.3 Global Lubricating Oil Refining Average Price by Manufacturers
5. Company Profiles and Key Figures in Lubricating Oil Refining Business
    5.1 Exxon Mobil
        5.1.1 Exxon Mobil Company Profile
        5.1.2 Exxon Mobil Lubricating Oil Refining Product Specification
        5.1.3 Exxon Mobil Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.2 Sinopec
        5.2.1 Sinopec Company Profile
        5.2.2 Sinopec Lubricating Oil Refining Product Specification
        5.2.3 Sinopec Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.3 Royal Dutch Shell
        5.3.1 Royal Dutch Shell Company Profile
        5.3.2 Royal Dutch Shell Lubricating Oil Refining Product Specification
        5.3.3 Royal Dutch Shell Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.4 Eni S.P.A.
        5.4.1 Eni S.P.A. Company Profile
        5.4.2 Eni S.P.A. Lubricating Oil Refining Product Specification
        5.4.3 Eni S.P.A. Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.5 Sasol
        5.5.1 Sasol Company Profile
        5.5.2 Sasol Lubricating Oil Refining Product Specification
        5.5.3 Sasol Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.6 Total SA
        5.6.1 Total SA Company Profile
        5.6.2 Total SA Lubricating Oil Refining Product Specification
        5.6.3 Total SA Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.7 Petrochina
        5.7.1 Petrochina Company Profile
        5.7.2 Petrochina Lubricating Oil Refining Product Specification
        5.7.3 Petrochina Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.8 Chevron
        5.8.1 Chevron Company Profile
        5.8.2 Chevron Lubricating Oil Refining Product Specification
        5.8.3 Chevron Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.9 Repsol
        5.9.1 Repsol Company Profile
        5.9.2 Repsol Lubricating Oil Refining Product Specification
        5.9.3 Repsol Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.10 LUKOIL
        5.10.1 LUKOIL Company Profile
        5.10.2 LUKOIL Lubricating Oil Refining Product Specification
        5.10.3 LUKOIL Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.11 Petroliam Nasional Berhad
        5.11.1 Petroliam Nasional Berhad Company Profile
        5.11.2 Petroliam Nasional Berhad Lubricating Oil Refining Product Specification
        5.11.3 Petroliam Nasional Berhad Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.12 Grupa Lotos SA
        5.12.1 Grupa Lotos SA Company Profile
        5.12.2 Grupa Lotos SA Lubricating Oil Refining Product Specification
        5.12.3 Grupa Lotos SA Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.13 Nippon Seiro
        5.13.1 Nippon Seiro Company Profile
        5.13.2 Nippon Seiro Lubricating Oil Refining Product Specification
        5.13.3 Nippon Seiro Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.14 Hollyfrontier
        5.14.1 Hollyfrontier Company Profile
        5.14.2 Hollyfrontier Lubricating Oil Refining Product Specification
        5.14.3 Hollyfrontier Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.15 Nynas
        5.15.1 Nynas Company Profile
        5.15.2 Nynas Lubricating Oil Refining Product Specification
        5.15.3 Nynas Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.16 Petrobras
        5.16.1 Petrobras Company Profile
        5.16.2 Petrobras Lubricating Oil Refining Product Specification
        5.16.3 Petrobras Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.17 The International Group
        5.17.1 The International Group Company Profile
        5.17.2 The International Group Lubricating Oil Refining Product Specification
        5.17.3 The International Group Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.18 Indian Oil Corporation
        5.18.1 Indian Oil Corporation Company Profile
        5.18.2 Indian Oil Corporation Lubricating Oil Refining Product Specification
        5.18.3 Indian Oil Corporation Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.19 Honeywell International
        5.19.1 Honeywell International Company Profile
        5.19.2 Honeywell International Lubricating Oil Refining Product Specification
        5.19.3 Honeywell International Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
    5.20 Cepsa SA
        5.20.1 Cepsa SA Company Profile
        5.20.2 Cepsa SA Lubricating Oil Refining Product Specification
        5.20.3 Cepsa SA Lubricating Oil Refining Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Lubricating Oil Refining Market Size
    6.2 North America Lubricating Oil Refining Key Players in North America
    6.3 North America Lubricating Oil Refining Market Size by Type
    6.4 North America Lubricating Oil Refining Market Size by Application
7. East Asia
    7.1 East Asia Lubricating Oil Refining Market Size
    7.2 East Asia Lubricating Oil Refining Key Players in North America
    7.3 East Asia Lubricating Oil Refining Market Size by Type
    7.4 East Asia Lubricating Oil Refining Market Size by Application
8. Europe
    8.1 Europe Lubricating Oil Refining Market Size
    8.2 Europe Lubricating Oil Refining Key Players in North America
    8.3 Europe Lubricating Oil Refining Market Size by Type
    8.4 Europe Lubricating Oil Refining Market Size by Application
9. South Asia
    9.1 South Asia Lubricating Oil Refining Market Size
    9.2 South Asia Lubricating Oil Refining Key Players in North America
    9.3 South Asia Lubricating Oil Refining Market Size by Type
    9.4 South Asia Lubricating Oil Refining Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Lubricating Oil Refining Market Size
    10.2 Southeast Asia Lubricating Oil Refining Key Players in North America
    10.3 Southeast Asia Lubricating Oil Refining Market Size by Type
    10.4 Southeast Asia Lubricating Oil Refining Market Size by Application
11. Middle East
    11.1 Middle East Lubricating Oil Refining Market Size
    11.2 Middle East Lubricating Oil Refining Key Players in North America
    11.3 Middle East Lubricating Oil Refining Market Size by Type
    11.4 Middle East Lubricating Oil Refining Market Size by Application
12. Africa
    12.1 Africa Lubricating Oil Refining Market Size
    12.2 Africa Lubricating Oil Refining Key Players in North America
    12.3 Africa Lubricating Oil Refining Market Size by Type
    12.4 Africa Lubricating Oil Refining Market Size by Application
13. Oceania
    13.1 Oceania Lubricating Oil Refining Market Size
    13.2 Oceania Lubricating Oil Refining Key Players in North America
    13.3 Oceania Lubricating Oil Refining Market Size by Type
    13.4 Oceania Lubricating Oil Refining Market Size by Application
14. South America
    14.1 South America Lubricating Oil Refining Market Size
    14.2 South America Lubricating Oil Refining Key Players in North America
    14.3 South America Lubricating Oil Refining Market Size by Type
    14.4 South America Lubricating Oil Refining Market Size by Application
15. Rest of the World
    15.1 Rest of the World Lubricating Oil Refining Market Size
    15.2 Rest of the World Lubricating Oil Refining Key Players in North America
    15.3 Rest of the World Lubricating Oil Refining Market Size by Type
    15.4 Rest of the World Lubricating Oil Refining Market Size by Application
16 Lubricating Oil Refining Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Fully Refined Wax
  • Rubber Process Oil
  • White Oil
  • Slack Wax
  • Semi Refined Wax
  • Petrolatum
  • Microcrystalline Wax
  • Others

By Application

  • Cosmetics Industry
  • Rubber Manufacturing
  • Candle Manufacturing
  • Pharmaceutical Industry
  • Others

Regional Analysis

  • North America: U.S., Canada, Mexico – strong demand in cosmetics, pharmaceuticals, and industrial applications.
  • Europe: Germany, U.K., France, Italy, Russia, Spain – focus on regulatory compliance and sustainable refining practices.
  • Asia-Pacific: China, India, Japan, Southeast Asia – fastest-growing region, driven by automotive and manufacturing industries.
  • South America: Brazil, Argentina – emerging demand in rubber and candle manufacturing.
  • Middle East and Africa: Saudi Arabia, South Africa – gradual adoption, primarily in industrial and pharmaceutical applications.

Competitive Landscape

Key players shaping the Lubricating Oil Refining market include:

  • Exxon Mobil
  • Sinopec
  • Royal Dutch Shell
  • Eni S.P.A.
  • Sasol
  • Total SA
  • PetroChina
  • Chevron
  • Repsol
  • LUKOIL
  • Petroliam Nasional Berhad (PETRONAS)
  • Grupa Lotos SA
  • Nippon Seiro
  • HollyFrontier
  • Nynas
  • Petrobras
  • The International Group
  • Indian Oil Corporation
  • Honeywell International
  • Cepsa SA

Upto 24 to 48 hrs (Working Hours)

Upto 72 hrs max (Working Hours) - Weekends and Public Holidays

Single User License - Allows access to only one person to the report.

Multi User License - Allows sharing with max 5 persons within organization.

Corporate License – Can be shared across entire organization.

Online Payments with PayPal

Wire Transfer / Bank Transfer

Why Choose Us

24/7 Expert Support

At ChemReports, we understand that business decisions can’t wait. Our research specialists are available anytime to answer your queries and guide you through our reports, ensuring quick and reliable assistance.

Comprehensive Market Coverage

ChemReports provides 360° market analysis across materials, technologies, and global chemical sectors—helping you make confident business decisions.

Actionable Intelligence

We turn complex data into strategic insights to support fact-based decisions, market entry strategies, and competitive analysis.

Data Privacy & Security

Your personal and business information is completely secure with us. We value your trust and ensure strict confidentiality.

Customized Research

Need tailored insights? Our analysts provide custom reports built on authentic data and aligned with your specific business goals.

FAQs

Yes, we are providing all research support to get resolve all queries and concerns regarding the report. For all our clients.
Yes, we are providing complete customization in every report to fulfill your business needs.
Yes, we are providing regional and countries level analysis in the report, please mention the countries you are looking.
Yes, we are providing a discount for individuals and startups.
We offer access to more than one million market research reports. If the specific topic you need is not listed on our website, simply email us your requirements at sales@chemreports.com. Our research team will review your request and provide a customized report or the most relevant available study. We?re always happy to assist you with tailored solutions.