| Product Code: ETC9974570 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The United States saw a significant surge in process oils import shipments in 2024, with top countries like Singapore, Canada, and Finland leading the way. The market concentration, as indicated by the HHI, remained notably high throughout the year. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 18.65%, reflecting a robust expansion in the market. Moreover, the growth rate from 2023 to 2024 spiked at 29.19%, highlighting the accelerating pace of imports in the process oils sector. This data suggests a dynamic and thriving market for process oils in the United States.

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 United States (US) Process Oils Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Process Oils Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Process Oils Market - Industry Life Cycle |
3.4 United States (US) Process Oils Market - Porter's Five Forces |
3.5 United States (US) Process Oils Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 United States (US) Process Oils Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 United States (US) Process Oils Market Revenues & Volume Share, By Production Technology, 2021 & 2031F |
3.8 United States (US) Process Oils Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United States (US) Process Oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for industrial applications requiring process oils |
4.2.2 Growth in the automotive industry leading to higher demand for process oils |
4.2.3 Advancements in manufacturing technologies driving the need for specialized process oils |
4.3 Market Restraints |
4.3.1 Fluctuating crude oil prices impacting the cost of process oils |
4.3.2 Stringent environmental regulations leading to the development of eco-friendly alternatives |
4.3.3 Competition from substitute products like synthetic oils impacting market growth |
5 United States (US) Process Oils Market Trends |
6 United States (US) Process Oils Market, By Types |
6.1 United States (US) Process Oils Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Process Oils Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 United States (US) Process Oils Market Revenues & Volume, By Naphthenic, 2021- 2031F |
6.1.4 United States (US) Process Oils Market Revenues & Volume, By Paraffinic, 2021- 2031F |
6.1.5 United States (US) Process Oils Market Revenues & Volume, By Non-carcinogenic, 2021- 2031F |
6.1.6 United States (US) Process Oils Market Revenues & Volume, By Aromatic, 2021- 2031F |
6.2 United States (US) Process Oils Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Process Oils Market Revenues & Volume, By Extender Oil, 2021- 2031F |
6.2.3 United States (US) Process Oils Market Revenues & Volume, By Plasticizer, 2021- 2031F |
6.2.4 United States (US) Process Oils Market Revenues & Volume, By Solvent, 2021- 2031F |
6.2.5 United States (US) Process Oils Market Revenues & Volume, By Defoamer, 2021- 2031F |
6.2.6 United States (US) Process Oils Market Revenues & Volume, By Others, 2021- 2031F |
6.3 United States (US) Process Oils Market, By Production Technology |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Process Oils Market Revenues & Volume, By Convention Route, 2021- 2031F |
6.3.3 United States (US) Process Oils Market Revenues & Volume, By Gas to Liquid, 2021- 2031F |
6.3.4 United States (US) Process Oils Market Revenues & Volume, By Bio-based, 2021- 2031F |
6.4 United States (US) Process Oils Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 United States (US) Process Oils Market Revenues & Volume, By Tire & Rubber, 2021- 2031F |
6.4.3 United States (US) Process Oils Market Revenues & Volume, By Polymer, 2021- 2031F |
6.4.4 United States (US) Process Oils Market Revenues & Volume, By Personal Care, 2021- 2031F |
6.4.5 United States (US) Process Oils Market Revenues & Volume, By Textile, 2021- 2031F |
6.4.6 United States (US) Process Oils Market Revenues & Volume, By Others, 2021- 2031F |
7 United States (US) Process Oils Market Import-Export Trade Statistics |
7.1 United States (US) Process Oils Market Export to Major Countries |
7.2 United States (US) Process Oils Market Imports from Major Countries |
8 United States (US) Process Oils Market Key Performance Indicators |
8.1 Research Development investment in process oil innovation |
8.2 Adoption rate of eco-friendly process oils in various industries |
8.3 Number of patents filed for new process oil formulations |
8.4 Utilization rate of process oils in key industries |
8.5 Average price per unit of process oils |
9 United States (US) Process Oils Market - Opportunity Assessment |
9.1 United States (US) Process Oils Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 United States (US) Process Oils Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 United States (US) Process Oils Market Opportunity Assessment, By Production Technology, 2021 & 2031F |
9.4 United States (US) Process Oils Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United States (US) Process Oils Market - Competitive Landscape |
10.1 United States (US) Process Oils Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Process Oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here