Base Oil companies

  • Report ID: 3068
  • Published Date: Jul 21, 2025
  • Report Format: PDF, PPT

Key Base Oil Market Players:

    The global market includes the dominant integrated refiners ExxonMobil, Shell, and Chevron along with producers of advanced Group II & III South Korean firms SK Lubricants and S-Oil. European players BP, TotalEnergies, and Neste are expanding for the production of sustainable and low-emission base oils which complies with the regional green deal. Indian and Malaysian players are also expanding their capacities to meet the regional needs. Strategic initiatives include refinery expansions, mergers, long-term distributor partnerships, and technology advancements to keep pace with changing requirements of base oils in EV and industrial lubricants.

    Some of the key players operating in the market are listed below:

    Company Name

    Country of Origin

    Approx. Market Share (%)

    Cargill Incorporated

    USA

    ~21%

    Archer Daniels Midland Company (ADM)

    USA

    ~16%

    Ingredion Incorporated

    USA

    ~13%

    Roquette Frères

    France

    ~11%

    Tate & Lyle PLC

    UK

    ~8%

    Südzucker AG (BENEO)

    Germany

    ~xx%

    Tereos Group

    France

    ~xx%

    AGRANA Beteiligungs-AG

    Austria

    ~xx%

    Grain Processing Corporation

    USA

    ~xx%

    Manildra Group

    Australia

    ~xx%

    Samyang Corporation

    South Korea

    ~xx%

    Gujarat Ambuja Exports Limited

    India

    ~xx%

    Universal Starch Chem Allied Ltd

    India

    ~xx%

    Malayan Flour Mills Berhad

    Malaysia

    ~xx%

    Sukhjit Starch & Chemicals Ltd

    India

    ~2%

    Here are a few areas of focus covered in the competitive landscape of the market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

The base oil market size was USD 36.8 billion in 2024.

The global base oil market size was USD 36.8 billion in 2024 and is likely to reach USD 49.1 billion by the end of 2034, expanding at a CAGR of 3.4% over the forecast period, i.e., 2025-2034.

Cargill Incorporated, Archer Daniels Midland Company (ADM), Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, Südzucker AG (BENEO), Tereos Group, AGRANA Beteiligungs-AG, and Grain Processing Corporation are some key players in the market.

The automotive oils segment is expected to hold a leading share of 52.3% during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 44.3 % during the forecast period.
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