Rubber Process Oil Market

Global Rubber Processing Oil Market Size (2024 to 2029)

The size of the global Rubber Processing Oil market is estimated to reach USD 3.92 billion by 2029 from USD 2.86 billion in 2024, growing at a CAGR of 6.5% from 2024 to 2029.

MARKET OVERVIEW

Rubber processing oils are employed for making various rubber compounds. The use of rubber processing oil improves the dispersion of the fillers and the flow characteristics of the compound during the subsequent periods. Rubber processing oil is made by the distillation of crude oil and by a material extraction process called refining. Organic product is currently employed in a large number of industries. Various grades of superior product quality are employed in the manufacturing of rubber from natural rubber and synthetic rubber. The solvent extraction process gives the rubber processing oil an aromatic aroma. The quality and type of these oils depend on the type of rubber employed and the application in which they are employed as the final product. Rubber materials are widely employed in human life. They are utilized on a commercial basis to make goods for motor vehicles and airplanes. Rubber processing oil is employed to make and process various rubber compounds. It improves flow diffusion and loading characteristics of compounds during post-processing. Rubber processing oil works as an internal lubricant and as a low-cost expander. It also enhances the physical features to decrease the end product of rubber composites. Rubber processing oil is extracted from crude oil.

MARKET DRIVERS

The growth of the rubber processing oil market can be promoted by the increasing use of these oils in the making of tires. The surge in the number of automobiles has increased the need for tires, supporting the growth of the global market.

Rubber processing oil improves the physical properties of vulcanization to reduce the cost of rubber compound end products, which is one of the main expansion factors in the market. Also, compatibility with most types of elastomers expands their use. The growing call for car tires in emerging economies is driving the call for oil for rubber processing. While unpredicted fluctuations in commodity price levels constrain market expansion. However, concerns about the use of non-biodegradable products are predicted to hamper market calls in the coming years.

MARKET RESTRAINTS

Expansion in tire making worldwide, due to the growing call for automobiles, is one of the main drivers of the rubber processing market. The rising use of styrene-butadiene rubber solution (S-Sbr) in tires is also a fueling call for rubber process oils. The growing call for rubber gloves in various industries, including healthcare and automotive, is also driving expansion in the rubber process oil market. The expansion of the tire-making industry worldwide and the call for effective tires are predicted to stimulate the worldwide market for rubber oil processing during the foreseen period. Escalated investment in R&D by rubber process oil manufacturers to develop green rubber process oils will drive expansion in the rubber process oil market in the coming years.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL RUBBER PROCESSING OIL MARKET INCLUDED IN THIS REPORT

This research report on the global rubber processing oil market has been segmented and sub-segmented based on type, application, and region.

Global Rubber Processing Oil Market By Type

• Naphthenic
• TDAE
• Paraffinic
• MES
• DAE
• RAE
• TRAE

Among these, the naphthenic segment represented a leading part of the world market for rubber process oils. Naphthenic treatment oil is a transparent, non-staining compound that has excellent compatibility with synthetic elastomers and high thermal stability. Oil is increasingly consumed in Europe and North America, mainly due to its low PCA content.

Global Rubber Processing Oil Market By Application

• Wire
•  Cable Covering
• Tyre
• Footwear
• Flooring

REGIONAL ANALYSIS

• North America
• Europe 
• Asia Pacific
• Latin America 
• The Middle East & Africa 

The Asia Pacific is the key region of the worldwide rubber processing oil market. It is the biggest industry for rubber processing oils, followed by North America and European regions.

The expansion of the Asia-Pacific rubber processing oil industry can be credited to escalated sales in the region that is predicted to augment the consumption of rubber processing oils in the tire and rim industry of the region. The increase in car sales in Asia-Pacific has resulted in an escalated call for tires, which has fueled the expansion of the rubber processing oil market in the region. T

he application of the European Union directive putting a ban on the employment of PCAs in tire making and the escalated employment of soybean oil as a substitute to rubber processing oil in tire manufacturing procedures. China and India are the expansion engines of the region of Asia-Pacific. The market is being spurred by escalated auto sales in the region, which is predicted to stimulate the use of rubber processing oils in the region's tire and rubber market. Several leading giants have adopted development strategies, introducing new products and contracts to meet the growing call for oil for rubber processing. North America and Europe are also predicted to offer significant expansion opportunities during the foreseen period.

KEY PLAYERS IN THE GLOBAL RUBBER PROCESSING OIL MARKET

Apar Industries Limited, Behran Oil Company, Gandhar Oil Refinery (India) Limited, Hindustan Petroleum Corporation Limited (HPCL), Hollyfrontier Refining & Marketing LLC, Indian Oil Corporation Limited, Idemitsu Kosan Co., Ltd, Nynas AB, Orgkhim Biochemical Holding, Panama Petrochem Ltd are some of the notable companies in the global rubber processing oil market.

RECENT HAPPENINGS IN THE MARKET

• Apar, which is involved in the wholesale distribution of petroleum products is aiming to establish a manufacturing plant in the UAE Free Zone in Sharjah.
• Indian oil and lubricant company Texol Lubritech, a joint venture of Gandhar Oil Refinery India, has opened its $ 12 million (AED 44 million) making plant at the Hamriyah Free Zone Authority (HFZA) in Sharjah.