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Chemical & Material Global Group II Base Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4642373
    • |
  • 24 October, 2025
    • |
  • Global
    • |
  • 139 Pages
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  • GIR
    • |
  • Chemical & Material

According to our (Global Info Research) latest study, the global Group II Base Oil market size was valued at US$ 19660 million in 2024 and is forecast to a readjusted size of USD 30490 million by 2031 with a CAGR of 6.5% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
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 is a detailed and comprehensive analysis for global Group II Base Oil market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Group II Base Oil market size and forecasts, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
Global Group II Base Oil market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
Global Group II Base Oil market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
Global Group II Base Oil market shares of main players, shipments in revenue ($ Million), sales quantity (Kiloton), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Group II Base Oil
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Group II Base Oil market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Chevron Corporation, Exxon Mobil Corporation, S-OIL Corporation, Motiva Enterprises LLC, SK innovation, AVISTA OIL AG, Nynas AB, Shell, BP, TotalEnergies, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Group II Base Oil market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Mineral
Synthetic
Bio-based
Market segment by Application
Automotive Oil
Industrial Oil
Hydraulic Oil
Grease
Metalworking Fluid
Others
Major players covered
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.
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Group II Base Oil product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Group II Base Oil, with price, sales quantity, revenue, and global market share of Group II Base Oil from 2020 to 2025.
Chapter 3, the Group II Base Oil competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Group II Base Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Group II Base Oil market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Group II Base Oil.
Chapter 14 and 15, to describe Group II Base Oil sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Group II Base Oil Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Mineral
    • 1.3.3 Synthetic
    • 1.3.4 Bio-based
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Group II Base Oil Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Automotive Oil
    • 1.4.3 Industrial Oil
    • 1.4.4 Hydraulic Oil
    • 1.4.5 Grease
    • 1.4.6 Metalworking Fluid
    • 1.4.7 Others
  • 1.5 Global Group II Base Oil Market Size & Forecast
    • 1.5.1 Global Group II Base Oil Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Group II Base Oil Sales Quantity (2020-2031)
    • 1.5.3 Global Group II Base Oil Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Chevron Corporation
    • 2.1.1 Chevron Corporation Details
    • 2.1.2 Chevron Corporation Major Business
    • 2.1.3 Chevron Corporation Group II Base Oil Product and Services
    • 2.1.4 Chevron Corporation Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Chevron Corporation Recent Developments/Updates
  • 2.2 Exxon Mobil Corporation
    • 2.2.1 Exxon Mobil Corporation Details
    • 2.2.2 Exxon Mobil Corporation Major Business
    • 2.2.3 Exxon Mobil Corporation Group II Base Oil Product and Services
    • 2.2.4 Exxon Mobil Corporation Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Exxon Mobil Corporation Recent Developments/Updates
  • 2.3 S-OIL Corporation
    • 2.3.1 S-OIL Corporation Details
    • 2.3.2 S-OIL Corporation Major Business
    • 2.3.3 S-OIL Corporation Group II Base Oil Product and Services
    • 2.3.4 S-OIL Corporation Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 S-OIL Corporation Recent Developments/Updates
  • 2.4 Motiva Enterprises LLC
    • 2.4.1 Motiva Enterprises LLC Details
    • 2.4.2 Motiva Enterprises LLC Major Business
    • 2.4.3 Motiva Enterprises LLC Group II Base Oil Product and Services
    • 2.4.4 Motiva Enterprises LLC Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Motiva Enterprises LLC Recent Developments/Updates
  • 2.5 SK innovation
    • 2.5.1 SK innovation Details
    • 2.5.2 SK innovation Major Business
    • 2.5.3 SK innovation Group II Base Oil Product and Services
    • 2.5.4 SK innovation Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 SK innovation Recent Developments/Updates
  • 2.6 AVISTA OIL AG
    • 2.6.1 AVISTA OIL AG Details
    • 2.6.2 AVISTA OIL AG Major Business
    • 2.6.3 AVISTA OIL AG Group II Base Oil Product and Services
    • 2.6.4 AVISTA OIL AG Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 AVISTA OIL AG Recent Developments/Updates
  • 2.7 Nynas AB
    • 2.7.1 Nynas AB Details
    • 2.7.2 Nynas AB Major Business
    • 2.7.3 Nynas AB Group II Base Oil Product and Services
    • 2.7.4 Nynas AB Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Nynas AB Recent Developments/Updates
  • 2.8 Shell
    • 2.8.1 Shell Details
    • 2.8.2 Shell Major Business
    • 2.8.3 Shell Group II Base Oil Product and Services
    • 2.8.4 Shell Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Shell Recent Developments/Updates
  • 2.9 BP
    • 2.9.1 BP Details
    • 2.9.2 BP Major Business
    • 2.9.3 BP Group II Base Oil Product and Services
    • 2.9.4 BP Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 BP Recent Developments/Updates
  • 2.10 TotalEnergies
    • 2.10.1 TotalEnergies Details
    • 2.10.2 TotalEnergies Major Business
    • 2.10.3 TotalEnergies Group II Base Oil Product and Services
    • 2.10.4 TotalEnergies Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 TotalEnergies Recent Developments/Updates
  • 2.11 Repsol
    • 2.11.1 Repsol Details
    • 2.11.2 Repsol Major Business
    • 2.11.3 Repsol Group II Base Oil Product and Services
    • 2.11.4 Repsol Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Repsol Recent Developments/Updates
  • 2.12 Phillips 66
    • 2.12.1 Phillips 66 Details
    • 2.12.2 Phillips 66 Major Business
    • 2.12.3 Phillips 66 Group II Base Oil Product and Services
    • 2.12.4 Phillips 66 Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Phillips 66 Recent Developments/Updates
  • 2.13 H&R Group
    • 2.13.1 H&R Group Details
    • 2.13.2 H&R Group Major Business
    • 2.13.3 H&R Group Group II Base Oil Product and Services
    • 2.13.4 H&R Group Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 H&R Group Recent Developments/Updates
  • 2.14 Petrobras
    • 2.14.1 Petrobras Details
    • 2.14.2 Petrobras Major Business
    • 2.14.3 Petrobras Group II Base Oil Product and Services
    • 2.14.4 Petrobras Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Petrobras Recent Developments/Updates
  • 2.15 Ergon Inc.
    • 2.15.1 Ergon Inc. Details
    • 2.15.2 Ergon Inc. Major Business
    • 2.15.3 Ergon Inc. Group II Base Oil Product and Services
    • 2.15.4 Ergon Inc. Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Ergon Inc. Recent Developments/Updates
  • 2.16 GS Caltex
    • 2.16.1 GS Caltex Details
    • 2.16.2 GS Caltex Major Business
    • 2.16.3 GS Caltex Group II Base Oil Product and Services
    • 2.16.4 GS Caltex Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 GS Caltex Recent Developments/Updates
  • 2.17 Indian Oil Corporation Ltd.
    • 2.17.1 Indian Oil Corporation Ltd. Details
    • 2.17.2 Indian Oil Corporation Ltd. Major Business
    • 2.17.3 Indian Oil Corporation Ltd. Group II Base Oil Product and Services
    • 2.17.4 Indian Oil Corporation Ltd. Group II Base Oil Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 Indian Oil Corporation Ltd. Recent Developments/Updates

3 Competitive Environment: Group II Base Oil by Manufacturer

  • 3.1 Global Group II Base Oil Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Group II Base Oil Revenue by Manufacturer (2020-2025)
  • 3.3 Global Group II Base Oil Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Group II Base Oil by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Group II Base Oil Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Group II Base Oil Manufacturer Market Share in 2024
  • 3.5 Group II Base Oil Market: Overall Company Footprint Analysis
    • 3.5.1 Group II Base Oil Market: Region Footprint
    • 3.5.2 Group II Base Oil Market: Company Product Type Footprint
    • 3.5.3 Group II Base Oil Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Group II Base Oil Market Size by Region
    • 4.1.1 Global Group II Base Oil Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Group II Base Oil Consumption Value by Region (2020-2031)
    • 4.1.3 Global Group II Base Oil Average Price by Region (2020-2031)
  • 4.2 North America Group II Base Oil Consumption Value (2020-2031)
  • 4.3 Europe Group II Base Oil Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Group II Base Oil Consumption Value (2020-2031)
  • 4.5 South America Group II Base Oil Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Group II Base Oil Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Group II Base Oil Sales Quantity by Type (2020-2031)
  • 5.2 Global Group II Base Oil Consumption Value by Type (2020-2031)
  • 5.3 Global Group II Base Oil Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Group II Base Oil Sales Quantity by Application (2020-2031)
  • 6.2 Global Group II Base Oil Consumption Value by Application (2020-2031)
  • 6.3 Global Group II Base Oil Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Group II Base Oil Sales Quantity by Type (2020-2031)
  • 7.2 North America Group II Base Oil Sales Quantity by Application (2020-2031)
  • 7.3 North America Group II Base Oil Market Size by Country
    • 7.3.1 North America Group II Base Oil Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Group II Base Oil Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Group II Base Oil Sales Quantity by Type (2020-2031)
  • 8.2 Europe Group II Base Oil Sales Quantity by Application (2020-2031)
  • 8.3 Europe Group II Base Oil Market Size by Country
    • 8.3.1 Europe Group II Base Oil Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Group II Base Oil Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Group II Base Oil Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Group II Base Oil Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Group II Base Oil Market Size by Region
    • 9.3.1 Asia-Pacific Group II Base Oil Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Group II Base Oil Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Group II Base Oil Sales Quantity by Type (2020-2031)
  • 10.2 South America Group II Base Oil Sales Quantity by Application (2020-2031)
  • 10.3 South America Group II Base Oil Market Size by Country
    • 10.3.1 South America Group II Base Oil Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Group II Base Oil Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Group II Base Oil Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Group II Base Oil Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Group II Base Oil Market Size by Country
    • 11.3.1 Middle East & Africa Group II Base Oil Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Group II Base Oil Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Group II Base Oil Market Drivers
  • 12.2 Group II Base Oil Market Restraints
  • 12.3 Group II Base Oil Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Group II Base Oil and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Group II Base Oil
  • 13.3 Group II Base Oil Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Group II Base Oil Typical Distributors
  • 14.3 Group II Base Oil Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Group II Base Oil. Industry analysis & Market Report on Group II Base Oil is a syndicated market report, published as Global Group II Base Oil Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Group II Base Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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