Industry Research Reports
Global Group II Base Oil Market Research Report 2026
Industry: Chemical & Material
Published Date: 2026-04-21
Pages: 147 Pages
Report ld: 6551451
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Group II Base Oil Market Size(US$)
CAGR 2026-2032
6.7%
Market Size,2032
USD 31,700
Million
Market Snapshot
Market Size in 2026 (Value)
US$ 21,480 million
Market Forecast in 2032(Value)
US$ 31,700 million
CAGR
6.7%
Years Considered
2021-2032
Base Year
2026
Forecast Period
2026-2032
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Group II Base Oil market was valued at US$ 20260 million in 2025 and is anticipated to reach US$ 31700 million by 2032, at a CAGR of 6.7% from 2026 to 2032.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Group II Base Oil competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
Group II base oil is a type of mineral oil base stock that is commonly used in the production of lubricants. It is produced through a process called hydrocracking, which involves the conversion of heavy gas oils into cleaner, high-quality base oils. Group II base oils have improved properties compared to Group I base oils, including higher viscosity index, better oxidative stability, and lower sulfur content.
These improved properties make Group II base oils highly desirable for formulating lubricants for various applications, including automotive and industrial lubricants. They are often used in engine oils, hydraulic fluids, metalworking fluids, and many other lubricant formulations due to their enhanced performance characteristics.
The global Group II base oil market refers to the overall market for Group II base oils, which are used in the formulation of lubricants for various applications. This market is influenced by factors such as industrial activity, automotive industry growth, GDP growth in the Asia-Pacific region, market opportunities in the BRIC countries (Brazil, Russia, India, and China), and the growing demand for renewable energy.
The Group II base oil market is expected to witness significant growth during the forecast period. This growth is driven by the increasing demand for premium oils in the automotive sector, particularly in regions with a strong industrial presence and a growing GDP. The Asia-Pacific region, in particular, is expected to lead the market in terms of value and quantity due to the rise in industrialization and economic development.
The favorable market opportunities in the BRIC countries, coupled with the increasing emphasis on renewable energy sources, are further expected to drive the growth of the Group II base oil market. As a result, various companies, including major oil corporations and independent lubricant manufacturers, are actively participating in the production, marketing, and distribution of Group II base oils to meet the growing demand.
This report delivers a comprehensive overview of the global Group II Base Oil market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Group II Base Oil. The Group II Base Oil market size, estimates, and forecasts are provided in terms of output/shipments (Kiloton) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Group II Base Oil market comprehensively. Regional market sizes by Type, by Application, , and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Group II Base Oil manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
MARKET SEGMENTATION
By Company
- Chevron Corporation
- Exxon Mobil Corporation
- S-OIL Corporation
- Motiva Enterprises LLC
- SK innovation
- AVISTA OIL AG
- Nynas AB
- Shell
- BP
- TotalEnergies
- Repsol
- Phillips 66
- H&R Group
- Petrobras
- Ergon Inc.
- GS Caltex
- Indian Oil Corporation Ltd.
Consumption by Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Segment by Type
- Mineral
- Synthetic
- Bio-based
Segment by Application
- Automotive Oil
- Industrial Oil
- Hydraulic Oil
- Grease
- Metalworking Fluid
- Others
CHAPTER OUTLINE
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Provides a detailed analysis of the competitive landscape for Group II Base Oil manufacturers, including prices, production, value-based market shares, latest development plans, and information on mergers and acquisitions.
Chapter 3: Examines Group II Base Oil production/output and value by region and country, providing a quantitative assessment of market size and growth potential for each region over the next six years.
Chapter 4: Analyzes Group II Base Oil consumption at the regional and country levels. It quantifies market size and growth potential for each region and its key countries, and outlines market development, outlook, addressable space, and national production.
Chapter 5: Analyzes market segments by Type, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities.
Chapter 6: Analyzes market segments by Application, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities in downstream markets.
Chapter 7: Profiles key players, detailing the fundamentals of major companies, including product production/output, value, price, gross margin, product portfolio/introductions, and recent developments.
Chapter 8: Reviews the industry value chain, including upstream and downstream segments.
Chapter 9: Discusses market dynamics and recent developments, including drivers, restraints, challenges and risks for manufacturers, U.S. Tariffs and relevant policy analysis.
Chapter 10: Summarizes the key findings and conclusions of the report.
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TABLE OF CONTENTS
1 Group II Base Oil Market Overview
1.1 Product Definition
1.2 Group II Base Oil by Type
1.2.1 Global Group II Base Oil Market Value Growth Rate Analysis by Type: 2025 vs 2032
1.2.2 Mineral
1.2.3 Synthetic
1.2.4 Bio-based
1.3 Group II Base Oil by Application
1.3.1 Global Group II Base Oil Market Value Growth Rate Analysis by Application: 2025 vs 2032
1.3.2 Automotive Oil
1.3.3 Industrial Oil
1.3.4 Hydraulic Oil
1.3.5 Grease
1.3.6 Metalworking Fluid
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Group II Base Oil Production Value Estimates and Forecasts (2021–2032)
1.4.2 Global Group II Base Oil Production Capacity Estimates and Forecasts (2021–2032)
1.4.3 Global Group II Base Oil Production Estimates and Forecasts (2021–2032)
1.4.4 Global Group II Base Oil Market Average Price Estimates and Forecasts (2021–2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Group II Base Oil Production Market Share by Manufacturers (2021–2026)
2.2 Global Group II Base Oil Production Value Market Share by Manufacturers (2021–2026)
2.3 Global Key Players of Group II Base Oil, Industry Ranking, 2024 vs 2025
2.4 Global Group II Base Oil Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
2.5 Global Group II Base Oil Average Price by Manufacturers (2021–2026)
2.6 Global Key Manufacturers of Group II Base Oil, Manufacturing Footprints and Headquarters
2.7 Global Key Manufacturers of Group II Base Oil, Product Offerings and Applications
2.8 Global Key Manufacturers of Group II Base Oil, Date of Entry into the Industry
2.9 Group II Base Oil Market Competitive Situation and Trends
2.9.1 Group II Base Oil Market Concentration Rate
2.9.2 Top 5 and Top 10 Global Group II Base Oil Players Market Share by Revenue
2.10 Mergers & Acquisitions and Expansion
3 Group II Base Oil Production by Region
3.1 Global Group II Base Oil Production Value Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.2 Global Group II Base Oil Production Value by Region (2021–2032)
3.2.1 Global Group II Base Oil Production Value by Region (2021–2026)
3.2.2 Global Forecasted Production Value of Group II Base Oil by Region (2027–2032)
3.3 Global Group II Base Oil Production Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.4 Global Group II Base Oil Production Volume by Region (2021–2032)
3.4.1 Global Group II Base Oil Production by Region (2021–2026)
3.4.2 Global Forecasted Production of Group II Base Oil by Region (2027–2032)
3.5 Global Group II Base Oil Market Price Analysis by Region (2021–2032)
3.6 Global Group II Base Oil Production, Value, and Year-over-Year Growth
3.6.1 North America Group II Base Oil Production Value Estimates and Forecasts (2021–2032)
3.6.2 Europe Group II Base Oil Production Value Estimates and Forecasts (2021–2032)
3.6.3 China Group II Base Oil Production Value Estimates and Forecasts (2021–2032)
3.6.4 Japan Group II Base Oil Production Value Estimates and Forecasts (2021–2032)
4 Group II Base Oil Consumption by Region
4.1 Global Group II Base Oil Consumption Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
4.2 Global Group II Base Oil Consumption by Region (2021–2032)
4.2.1 Global Group II Base Oil Consumption by Region (2021–2026)
4.2.2 Global Group II Base Oil Forecasted Consumption by Region (2027–2032)
4.3 North America
4.3.1 North America Group II Base Oil Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.3.2 North America Group II Base Oil Consumption by Country (2021–2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Group II Base Oil Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.4.2 Europe Group II Base Oil Consumption by Country (2021–2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Group II Base Oil Consumption Growth Rate by Region: 2021 vs 2025 vs 2032
4.5.2 Asia Pacific Group II Base Oil Consumption by Region (2021–2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Group II Base Oil Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.6.2 Latin America, Middle East & Africa Group II Base Oil Consumption by Country (2021–2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Group II Base Oil Production by Type (2021–2032)
5.1.1 Global Group II Base Oil Production by Type (2021–2026)
5.1.2 Global Group II Base Oil Production by Type (2027–2032)
5.1.3 Global Group II Base Oil Production Market Share by Type (2021–2032)
5.2 Global Group II Base Oil Production Value by Type (2021–2032)
5.2.1 Global Group II Base Oil Production Value by Type (2021–2026)
5.2.2 Global Group II Base Oil Production Value by Type (2027–2032)
5.2.3 Global Group II Base Oil Production Value Market Share by Type (2021–2032)
5.3 Global Group II Base Oil Price by Type (2021–2032)
6 Segment by Application
6.1 Global Group II Base Oil Production by Application (2021–2032)
6.1.1 Global Group II Base Oil Production by Application (2021–2026)
6.1.2 Global Group II Base Oil Production by Application (2027–2032)
6.1.3 Global Group II Base Oil Production Market Share by Application (2021–2032)
6.2 Global Group II Base Oil Production Value by Application (2021–2032)
6.2.1 Global Group II Base Oil Production Value by Application (2021–2026)
6.2.2 Global Group II Base Oil Production Value by Application (2027–2032)
6.2.3 Global Group II Base Oil Production Value Market Share by Application (2021–2032)
6.3 Global Group II Base Oil Price by Application (2021–2032)
7 Key Companies Profiled
7.1 Chevron Corporation
7.1.1 Chevron Corporation Group II Base Oil Company Information
7.1.2 Chevron Corporation Group II Base Oil Product Portfolio
7.1.3 Chevron Corporation Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.1.4 Chevron Corporation Main Business and Markets Served
7.1.5 Chevron Corporation Recent Developments/Updates
7.2 Exxon Mobil Corporation
7.2.1 Exxon Mobil Corporation Group II Base Oil Company Information
7.2.2 Exxon Mobil Corporation Group II Base Oil Product Portfolio
7.2.3 Exxon Mobil Corporation Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.2.4 Exxon Mobil Corporation Main Business and Markets Served
7.2.5 Exxon Mobil Corporation Recent Developments/Updates
7.3 S-OIL Corporation
7.3.1 S-OIL Corporation Group II Base Oil Company Information
7.3.2 S-OIL Corporation Group II Base Oil Product Portfolio
7.3.3 S-OIL Corporation Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.3.4 S-OIL Corporation Main Business and Markets Served
7.3.5 S-OIL Corporation Recent Developments/Updates
7.4 Motiva Enterprises LLC
7.4.1 Motiva Enterprises LLC Group II Base Oil Company Information
7.4.2 Motiva Enterprises LLC Group II Base Oil Product Portfolio
7.4.3 Motiva Enterprises LLC Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.4.4 Motiva Enterprises LLC Main Business and Markets Served
7.4.5 Motiva Enterprises LLC Recent Developments/Updates
7.5 SK innovation
7.5.1 SK innovation Group II Base Oil Company Information
7.5.2 SK innovation Group II Base Oil Product Portfolio
7.5.3 SK innovation Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.5.4 SK innovation Main Business and Markets Served
7.5.5 SK innovation Recent Developments/Updates
7.6 AVISTA OIL AG
7.6.1 AVISTA OIL AG Group II Base Oil Company Information
7.6.2 AVISTA OIL AG Group II Base Oil Product Portfolio
7.6.3 AVISTA OIL AG Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.6.4 AVISTA OIL AG Main Business and Markets Served
7.6.5 AVISTA OIL AG Recent Developments/Updates
7.7 Nynas AB
7.7.1 Nynas AB Group II Base Oil Company Information
7.7.2 Nynas AB Group II Base Oil Product Portfolio
7.7.3 Nynas AB Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.7.4 Nynas AB Main Business and Markets Served
7.7.5 Nynas AB Recent Developments/Updates
7.8 Shell
7.8.1 Shell Group II Base Oil Company Information
7.8.2 Shell Group II Base Oil Product Portfolio
7.8.3 Shell Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.8.4 Shell Main Business and Markets Served
7.8.5 Shell Recent Developments/Updates
7.9 BP
7.9.1 BP Group II Base Oil Company Information
7.9.2 BP Group II Base Oil Product Portfolio
7.9.3 BP Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.9.4 BP Main Business and Markets Served
7.9.5 BP Recent Developments/Updates
7.10 TotalEnergies
7.10.1 TotalEnergies Group II Base Oil Company Information
7.10.2 TotalEnergies Group II Base Oil Product Portfolio
7.10.3 TotalEnergies Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.10.4 TotalEnergies Main Business and Markets Served
7.10.5 TotalEnergies Recent Developments/Updates
7.11 Repsol
7.11.1 Repsol Group II Base Oil Company Information
7.11.2 Repsol Group II Base Oil Product Portfolio
7.11.3 Repsol Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.11.4 Repsol Main Business and Markets Served
7.11.5 Repsol Recent Developments/Updates
7.12 Phillips 66
7.12.1 Phillips 66 Group II Base Oil Company Information
7.12.2 Phillips 66 Group II Base Oil Product Portfolio
7.12.3 Phillips 66 Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.12.4 Phillips 66 Main Business and Markets Served
7.12.5 Phillips 66 Recent Developments/Updates
7.13 H&R Group
7.13.1 H&R Group Group II Base Oil Company Information
7.13.2 H&R Group Group II Base Oil Product Portfolio
7.13.3 H&R Group Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.13.4 H&R Group Main Business and Markets Served
7.13.5 H&R Group Recent Developments/Updates
7.14 Petrobras
7.14.1 Petrobras Group II Base Oil Company Information
7.14.2 Petrobras Group II Base Oil Product Portfolio
7.14.3 Petrobras Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.14.4 Petrobras Main Business and Markets Served
7.14.5 Petrobras Recent Developments/Updates
7.15 Ergon Inc.
7.15.1 Ergon Inc. Group II Base Oil Company Information
7.15.2 Ergon Inc. Group II Base Oil Product Portfolio
7.15.3 Ergon Inc. Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.15.4 Ergon Inc. Main Business and Markets Served
7.15.5 Ergon Inc. Recent Developments/Updates
7.16 GS Caltex
7.16.1 GS Caltex Group II Base Oil Company Information
7.16.2 GS Caltex Group II Base Oil Product Portfolio
7.16.3 GS Caltex Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.16.4 GS Caltex Main Business and Markets Served
7.16.5 GS Caltex Recent Developments/Updates
7.17 Indian Oil Corporation Ltd.
7.17.1 Indian Oil Corporation Ltd. Group II Base Oil Company Information
7.17.2 Indian Oil Corporation Ltd. Group II Base Oil Product Portfolio
7.17.3 Indian Oil Corporation Ltd. Group II Base Oil Production, Value, Price, and Gross Margin (2021–2026)
7.17.4 Indian Oil Corporation Ltd. Main Business and Markets Served
7.17.5 Indian Oil Corporation Ltd. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Group II Base Oil Industry Chain Analysis
8.2 Group II Base Oil Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Group II Base Oil Production Modes and Processes
8.4 Group II Base Oil Sales and Marketing
8.4.1 Group II Base Oil Sales Channels
8.4.2 Group II Base Oil Distributors
8.5 Group II Base Oil Customer Analysis
9 Group II Base Oil Market Dynamics
9.1 Group II Base Oil Industry Trends
9.2 Group II Base Oil Market Drivers
9.3 Group II Base Oil Market Challenges
9.4 Group II Base Oil Market Restraints
9.5 Impact of U.S. Tariffs
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
Table 1. Global Group II Base Oil Market Value by Type (US$ Million), 2025 vs 2032
Table 2. Global Group II Base Oil Market Value by Application (US$ Million), 2025 vs 2032
Table 3. Global Group II Base Oil Production Capacity (Kiloton) by Manufacturers in 2025
Table 4. Global Group II Base Oil Production by Manufacturers (Kiloton), 2021–2026
Table 5. Global Group II Base Oil Production Market Share by Manufacturers (2021–2026)
Table 6. Global Group II Base Oil Production Value by Manufacturers (US$ Million), 2021–2026
Table 7. Global Group II Base Oil Production Value Share by Manufacturers (2021–2026)
Table 8. Global Key Players of Group II Base Oil, Industry Ranking, 2024 vs 2025
Table 9. Classification of Companies by Tier (Tier 1, Tier 2, Tier 3), based on Group II Base Oil Production Value, 2025
Table 10. Global Market Group II Base Oil Average Price by Manufacturers (US$/Ton), 2021–2026
Table 11. Global Key Manufacturers of Group II Base Oil, Manufacturing Footprints and Headquarters
Table 12. Global Key Manufacturers of Group II Base Oil, Product Offerings and Applications
Table 13. Global Key Manufacturers of Group II Base Oil, Date of Entry into the Industry
Table 14. Global Group II Base Oil Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 15. Mergers & Acquisitions and Expansion Plans
Table 16. Global Group II Base Oil Production Value by Region: 2021 vs 2025 vs 2032 (US$ Million)
Table 17. Global Group II Base Oil Production Value (US$ Million) by Region (2021–2026)
Table 18. Global Group II Base Oil Production Value Market Share by Region (2021–2026)
Table 19. Global Group II Base Oil Production Value (US$ Million) Forecast by Region (2027–2032)
Table 20. Global Group II Base Oil Production Value Market Share Forecast by Region (2027–2032)
Table 21. Global Group II Base Oil Production Comparison by Region: 2021 vs 2025 vs 2032 (Kiloton)
Table 22. Global Group II Base Oil Production (Kiloton) by Region (2021–2026)
Table 23. Global Group II Base Oil Production Market Share by Region (2021–2026)
Table 24. Global Group II Base Oil Production (Kiloton) Forecast by Region (2027–2032)
Table 25. Global Group II Base Oil Production Market Share Forecast by Region (2027–2032)
Table 26. Global Group II Base Oil Market Average Price (US$/Ton) by Region (2021–2026)
Table 27. Global Group II Base Oil Market Average Price (US$/Ton) by Region (2027–2032)
Table 28. Global Group II Base Oil Consumption Growth Rate by Region: 2021 vs 2025 vs 2032 (Kiloton)
Table 29. Global Group II Base Oil Consumption by Region (Kiloton), 2021–2026
Table 30. Global Group II Base Oil Consumption Market Share by Region (2021–2026)
Table 31. Global Group II Base Oil Forecasted Consumption by Region (Kiloton), 2027–2032
Table 32. Global Group II Base Oil Forecasted Consumption Market Share by Region (2027–2032)
Table 33. North America Group II Base Oil Consumption Growth Rate by Country: 2021 vs 2025 vs 2032 (Kiloton)
Table 34. North America Group II Base Oil Consumption by Country (Kiloton), 2021–2026
Table 35. North America Group II Base Oil Consumption by Country (Kiloton), 2027–2032
Table 36. Europe Group II Base Oil Consumption Growth Rate by Country: 2021 vs 2025 vs 2032 (Kiloton)
Table 37. Europe Group II Base Oil Consumption by Country (Kiloton), 2021–2026
Table 38. Europe Group II Base Oil Consumption by Country (Kiloton), 2027–2032
Table 39. Asia Pacific Group II Base Oil Consumption Growth Rate by Region: 2021 vs 2025 vs 2032 (Kiloton)
Table 40. Asia Pacific Group II Base Oil Consumption by Region (Kiloton), 2021–2026
Table 41. Asia Pacific Group II Base Oil Consumption by Region (Kiloton), 2027–2032
Table 42. Latin America, Middle East & Africa Group II Base Oil Consumption Growth Rate by Country: 2021 vs 2025 vs 2032 (Kiloton)
Table 43. Latin America, Middle East & Africa Group II Base Oil Consumption by Country (Kiloton), 2021–2026
Table 44. Latin America, Middle East & Africa Group II Base Oil Consumption by Country (Kiloton), 2027–2032
Table 45. Global Group II Base Oil Production (Kiloton) by Type (2021–2026)
Table 46. Global Group II Base Oil Production (Kiloton) by Type (2027–2032)
Table 47. Global Group II Base Oil Production Market Share by Type (2021–2026)
Table 48. Global Group II Base Oil Production Market Share by Type (2027–2032)
Table 49. Global Group II Base Oil Production Value (US$ Million) by Type (2021–2026)
Table 50. Global Group II Base Oil Production Value (US$ Million) by Type (2027–2032)
Table 51. Global Group II Base Oil Production Value Market Share by Type (2021–2026)
Table 52. Global Group II Base Oil Production Value Market Share by Type (2027–2032)
Table 53. Global Group II Base Oil Price (US$/Ton) by Type (2021–2026)
Table 54. Global Group II Base Oil Price (US$/Ton) by Type (2027–2032)
Table 55. Global Group II Base Oil Production (Kiloton) by Application (2021–2026)
Table 56. Global Group II Base Oil Production (Kiloton) by Application (2027–2032)
Table 57. Global Group II Base Oil Production Market Share by Application (2021–2026)
Table 58. Global Group II Base Oil Production Market Share by Application (2027–2032)
Table 59. Global Group II Base Oil Production Value (US$ Million) by Application (2021–2026)
Table 60. Global Group II Base Oil Production Value (US$ Million) by Application (2027–2032)
Table 61. Global Group II Base Oil Production Value Market Share by Application (2021–2026)
Table 62. Global Group II Base Oil Production Value Market Share by Application (2027–2032)
Table 63. Global Group II Base Oil Price (US$/Ton) by Application (2021–2026)
Table 64. Global Group II Base Oil Price (US$/Ton) by Application (2027–2032)
Table 65. Chevron Corporation Group II Base Oil Company Information
Table 66. Chevron Corporation Group II Base Oil Specification and Application
Table 67. Chevron Corporation Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 68. Chevron Corporation Main Business and Markets Served
Table 69. Chevron Corporation Recent Developments/Updates
Table 70. Exxon Mobil Corporation Group II Base Oil Company Information
Table 71. Exxon Mobil Corporation Group II Base Oil Specification and Application
Table 72. Exxon Mobil Corporation Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 73. Exxon Mobil Corporation Main Business and Markets Served
Table 74. Exxon Mobil Corporation Recent Developments/Updates
Table 75. S-OIL Corporation Group II Base Oil Company Information
Table 76. S-OIL Corporation Group II Base Oil Specification and Application
Table 77. S-OIL Corporation Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 78. S-OIL Corporation Main Business and Markets Served
Table 79. S-OIL Corporation Recent Developments/Updates
Table 80. Motiva Enterprises LLC Group II Base Oil Company Information
Table 81. Motiva Enterprises LLC Group II Base Oil Specification and Application
Table 82. Motiva Enterprises LLC Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 83. Motiva Enterprises LLC Main Business and Markets Served
Table 84. Motiva Enterprises LLC Recent Developments/Updates
Table 85. SK innovation Group II Base Oil Company Information
Table 86. SK innovation Group II Base Oil Specification and Application
Table 87. SK innovation Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 88. SK innovation Main Business and Markets Served
Table 89. SK innovation Recent Developments/Updates
Table 90. AVISTA OIL AG Group II Base Oil Company Information
Table 91. AVISTA OIL AG Group II Base Oil Specification and Application
Table 92. AVISTA OIL AG Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 93. AVISTA OIL AG Main Business and Markets Served
Table 94. AVISTA OIL AG Recent Developments/Updates
Table 95. Nynas AB Group II Base Oil Company Information
Table 96. Nynas AB Group II Base Oil Specification and Application
Table 97. Nynas AB Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 98. Nynas AB Main Business and Markets Served
Table 99. Nynas AB Recent Developments/Updates
Table 100. Shell Group II Base Oil Company Information
Table 101. Shell Group II Base Oil Specification and Application
Table 102. Shell Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 103. Shell Main Business and Markets Served
Table 104. Shell Recent Developments/Updates
Table 105. BP Group II Base Oil Company Information
Table 106. BP Group II Base Oil Specification and Application
Table 107. BP Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 108. BP Main Business and Markets Served
Table 109. BP Recent Developments/Updates
Table 110. TotalEnergies Group II Base Oil Company Information
Table 111. TotalEnergies Group II Base Oil Specification and Application
Table 112. TotalEnergies Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 113. TotalEnergies Main Business and Markets Served
Table 114. TotalEnergies Recent Developments/Updates
Table 115. Repsol Group II Base Oil Company Information
Table 116. Repsol Group II Base Oil Specification and Application
Table 117. Repsol Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 118. Repsol Main Business and Markets Served
Table 119. Repsol Recent Developments/Updates
Table 120. Phillips 66 Group II Base Oil Company Information
Table 121. Phillips 66 Group II Base Oil Specification and Application
Table 122. Phillips 66 Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 123. Phillips 66 Main Business and Markets Served
Table 124. Phillips 66 Recent Developments/Updates
Table 125. H&R Group Group II Base Oil Company Information
Table 126. H&R Group Group II Base Oil Specification and Application
Table 127. H&R Group Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 128. H&R Group Main Business and Markets Served
Table 129. H&R Group Recent Developments/Updates
Table 130. Petrobras Group II Base Oil Company Information
Table 131. Petrobras Group II Base Oil Specification and Application
Table 132. Petrobras Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 133. Petrobras Main Business and Markets Served
Table 134. Petrobras Recent Developments/Updates
Table 135. Ergon Inc. Group II Base Oil Company Information
Table 136. Ergon Inc. Group II Base Oil Specification and Application
Table 137. Ergon Inc. Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 138. Ergon Inc. Main Business and Markets Served
Table 139. Ergon Inc. Recent Developments/Updates
Table 140. GS Caltex Group II Base Oil Company Information
Table 141. GS Caltex Group II Base Oil Specification and Application
Table 142. GS Caltex Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 143. GS Caltex Main Business and Markets Served
Table 144. GS Caltex Recent Developments/Updates
Table 145. Indian Oil Corporation Ltd. Group II Base Oil Company Information
Table 146. Indian Oil Corporation Ltd. Group II Base Oil Specification and Application
Table 147. Indian Oil Corporation Ltd. Group II Base Oil Production (Kiloton), Value (US$ Million), Price (US$/Ton) and Gross Margin (2021–2026)
Table 148. Indian Oil Corporation Ltd. Main Business and Markets Served
Table 149. Indian Oil Corporation Ltd. Recent Developments/Updates
Table 150. Key Raw Materials Lists
Table 151. Raw Materials Key Suppliers Lists
Table 152. Group II Base Oil Distributors List
Table 153. Group II Base Oil Customers List
Table 154. Group II Base Oil Market Trends
Table 155. Group II Base Oil Market Drivers
Table 156. Group II Base Oil Market Challenges
Table 157. Group II Base Oil Market Restraints
Table 158. Research Programs/Design for This Report
Table 159. Key Data Information from Secondary Sources
Table 160. Key Data Information from Primary Sources
Table 161. Authors List of This Report
List of Figures
Figure 1. Product Picture of Group II Base Oil
Figure 2. Global Group II Base Oil Market Value by Type (US$ Million), 2021–2032
Figure 3. Global Group II Base Oil Market Share by Type: 2025 vs 2032
Figure 4. Mineral Product Picture
Figure 5. Synthetic Product Picture
Figure 6. Bio-based Product Picture
Figure 7. Global Group II Base Oil Market Value by Application (US$ Million), 2021–2032
Figure 8. Global Group II Base Oil Market Share by Application: 2025 vs 2032
Figure 9. Automotive Oil
Figure 10. Industrial Oil
Figure 11. Hydraulic Oil
Figure 12. Grease
Figure 13. Metalworking Fluid
Figure 14. Others
Figure 15. Global Group II Base Oil Production Value (US$ Million), 2021 vs 2025 vs 2032
Figure 16. Global Group II Base Oil Production Value (US$ Million), 2021–2032
Figure 17. Global Group II Base Oil Production Capacity (Kiloton), 2021–2032
Figure 18. Global Group II Base Oil Production (Kiloton), 2021–2032
Figure 19. Global Group II Base Oil Average Price (US$/Ton), 2021–2032
Figure 20. Group II Base Oil Report Years Considered
Figure 21. Group II Base Oil Production Share by Manufacturers in 2025
Figure 22. Global Group II Base Oil Production Value Share by Manufacturers (2025)
Figure 23. Group II Base Oil Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2021 vs 2025
Figure 24. Top 5 and Top 10 Global Players: Market Share by Group II Base Oil Revenue in 2025
Figure 25. Global Group II Base Oil Production Value by Region: 2021 vs 2025 vs 2032 (US$ Million)
Figure 26. Global Group II Base Oil Production Value Market Share by Region: 2021 vs 2025 vs 2032
Figure 27. Global Group II Base Oil Production Comparison by Region: 2021 vs 2025 vs 2032 (Kiloton)
Figure 28. Global Group II Base Oil Production Market Share by Region: 2021 vs 2025 vs 2032
Figure 29. North America Group II Base Oil Production Value (US$ Million) Growth Rate (2021–2032)
Figure 30. Europe Group II Base Oil Production Value (US$ Million) Growth Rate (2021–2032)
Figure 31. China Group II Base Oil Production Value (US$ Million) Growth Rate (2021–2032)
Figure 32. Japan Group II Base Oil Production Value (US$ Million) Growth Rate (2021–2032)
Figure 33. Global Group II Base Oil Consumption by Region: 2021 vs 2025 vs 2032 (Kiloton)
Figure 34. Global Group II Base Oil Consumption Market Share by Region: 2021 vs 2025 vs 2032
Figure 35. North America Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 36. North America Group II Base Oil Consumption Market Share by Country (2021–2032)
Figure 37. U.S. Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 38. Canada Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 39. Europe Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 40. Europe Group II Base Oil Consumption Market Share by Country (2021–2032)
Figure 41. Germany Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 42. France Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 43. U.K. Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 44. Italy Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 45. Russia Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 46. Asia Pacific Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 47. Asia Pacific Group II Base Oil Consumption Market Share by Region (2021–2032)
Figure 48. China Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 49. Japan Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 50. South Korea Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 51. China Taiwan Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 52. Southeast Asia Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 53. India Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 54. Latin America, Middle East & Africa Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 55. Latin America, Middle East & Africa Group II Base Oil Consumption Market Share by Country (2021–2032)
Figure 56. Mexico Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 57. Brazil Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 58. Turkey Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 59. GCC Countries Group II Base Oil Consumption and Growth Rate (Kiloton), 2021–2032
Figure 60. Global Production Market Share of Group II Base Oil by Type (2021–2032)
Figure 61. Global Production Value Market Share of Group II Base Oil by Type (2021–2032)
Figure 62. Global Group II Base Oil Price (US$/Ton) by Type (2021–2032)
Figure 63. Global Production Market Share of Group II Base Oil by Application (2021–2032)
Figure 64. Global Production Value Market Share of Group II Base Oil by Application (2021–2032)
Figure 65. Global Group II Base Oil Price (US$/Ton) by Application (2021–2032)
Figure 66. Group II Base Oil Value Chain
Figure 67. Channels of Distribution (Direct Vs Distribution)
Figure 68. Bottom-up and Top-down Approaches for This Report
Figure 69. Data Triangulation
KEY QUESTIONS ADDRESSED BY THE REPORT
What was the global market size of Group II Base Oil in 2032?
The global market size of Group II Base Oil in 2032 was 31700 Million USD.
Which region is expected to have the highest market share?
What is the annual compound growth rate of the global Group II Base Oil market size from 2026 to 2032?
What was the global market size of Group II Base Oil in 2026?
Which companies rank high in the global Group II Base Oil market?
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