| Product Code: ETC4487076 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In the Australia process oil market, the import trend showed a growth rate of 3.34% from 2023 to 2024, with a compound annual growth rate (CAGR) of 13.27% from 2020 to 2024. This notable increase in import momentum may be attributed to evolving demand patterns or shifts in trade policies, indicating market stability and resilience during this period.
Australias process oil market is witnessing growth as industries such as rubber, plastics, and textiles require high-quality processing aids. With increasing environmental concerns, there is a shift towards low-aromatic, non-toxic, and biodegradable process oils that offer enhanced performance and regulatory compliance. The market is also benefiting from rising industrial activity and technological advancements in refining processes.
The process oil market in Australia is growing due to increasing demand from the automotive, rubber, and polymer industries. Rising adoption of process oils for improving product flexibility, processing efficiency, and weather resistance is driving market growth. Enhanced focus on developing low-aromatic and eco-friendly process oils is supporting market performance.
The process oil market in Australia is challenged by volatile crude oil prices, which increase production costs and create pricing instability. Environmental regulations on the use of mineral-based oils and growing demand for bio-based alternatives add pressure to the market. Limited domestic refining capacity and dependence on imports further affect supply chain stability.
The Australia Process Oil Market presents strong investment potential due to rising demand in rubber processing and the automotive industry. Investment opportunities include developing low-aromatic and bio-based process oils, improving viscosity control, and expanding into industrial applications.
Process oils used in rubber and lubricant production are regulated under the AICIS and the Work Health and Safety Act 2011. Certain toxic oils are restricted under the Hazardous Substances Information System (HSIS). Waste disposal must comply with the Environmental Protection Act 1997.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Process Oil Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Process Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Process Oil Market - Industry Life Cycle |
3.4 Australia Process Oil Market - Porter's Five Forces |
3.5 Australia Process Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Process Oil Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 Australia Process Oil Market Revenues & Volume Share, By Production Technology, 2021 & 2031F |
3.8 Australia Process Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Process Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for processed oil products in various industries such as food processing, pharmaceuticals, and cosmetics. |
4.2.2 Growth in the Australian population leading to higher consumption of processed oil products. |
4.2.3 Technological advancements in the processing of oils leading to improved efficiency and quality. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of processed oils. |
4.3.2 Stringent regulations and standards related to food safety and quality control. |
4.3.3 Competition from substitute products such as plant-based oils or synthetic oils. |
5 Australia Process Oil Market Trends |
6 Australia Process Oil Market, By Types |
6.1 Australia Process Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Process Oil Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Australia Process Oil Market Revenues & Volume, By Aromatic, 2021-2031F |
6.1.4 Australia Process Oil Market Revenues & Volume, By Paraffinic, 2021-2031F |
6.1.5 Australia Process Oil Market Revenues & Volume, By Naphthenic, 2021-2031F |
6.1.6 Australia Process Oil Market Revenues & Volume, By Non-carcinogenic, 2021-2031F |
6.2 Australia Process Oil Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 Australia Process Oil Market Revenues & Volume, By Extender Oil, 2021-2031F |
6.2.3 Australia Process Oil Market Revenues & Volume, By Plasticizer, 2021-2031F |
6.2.4 Australia Process Oil Market Revenues & Volume, By Solvent, 2021-2031F |
6.2.5 Australia Process Oil Market Revenues & Volume, By Defoamer, 2021-2031F |
6.3 Australia Process Oil Market, By Production Technology |
6.3.1 Overview and Analysis |
6.3.2 Australia Process Oil Market Revenues & Volume, By Convention Route, 2021-2031F |
6.3.3 Australia Process Oil Market Revenues & Volume, By Gas to Liquid, 2021-2031F |
6.3.4 Australia Process Oil Market Revenues & Volume, By Bio-based, 2021-2031F |
6.4 Australia Process Oil Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Australia Process Oil Market Revenues & Volume, By Tire & Rubber, 2021-2031F |
6.4.3 Australia Process Oil Market Revenues & Volume, By Polymer, 2021-2031F |
6.4.4 Australia Process Oil Market Revenues & Volume, By Personal Care, 2021-2031F |
6.4.5 Australia Process Oil Market Revenues & Volume, By Textile, 2021-2031F |
6.4.6 Australia Process Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Australia Process Oil Market Import-Export Trade Statistics |
7.1 Australia Process Oil Market Export to Major Countries |
7.2 Australia Process Oil Market Imports from Major Countries |
8 Australia Process Oil Market Key Performance Indicators |
8.1 Average selling price of processed oils to monitor pricing trends and profitability. |
8.2 Percentage of market share within different industry segments to assess penetration and growth opportunities. |
8.3 Research and development expenditure as a percentage of revenue to track innovation and product development efforts. |
8.4 Number of new product launches to gauge market responsiveness and competitiveness. |
8.5 Customer satisfaction scores to measure the perceived value and quality of processed oil products. |
9 Australia Process Oil Market - Opportunity Assessment |
9.1 Australia Process Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Process Oil Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 Australia Process Oil Market Opportunity Assessment, By Production Technology, 2021 & 2031F |
9.4 Australia Process Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Process Oil Market - Competitive Landscape |
10.1 Australia Process Oil Market Revenue Share, By Companies, 2024 |
10.2 Australia Process Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |