Specialties of Lube Oil Refinery Market worth $11.3 billion by 2023

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The specialties of lube oil refinery market is projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8% between 2018 and 2023. The growth of the specialties of lube oil refinery market is attributed to the growing packaging, pharmaceutical, and cosmetics industries.

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Specialties of Lube Oil Refinery Market worth $11.3 billion by 2023 :

Specialties of Lube Oil Refinery Market worth $11.3 billion by 2023 View Full Report : https://www.marketsandmarkets.com/Market-Reports/specialties-lube-oil-refinery-market-172747167.html The report  " Specialties of Lube Oil Refinery Market  by Type (Fully Refined Wax, Semi Refined wax, Rubber Process Oil, White Oil, Petrolatum , and Others), and Region (APAC, Europe, North America, South America, Middle East & Africa) Global Forecast to 2023"  The specialties of lube oil refinery market is projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8% between 2018 and 2023. The specialties of lube oil refinery market is expected to grow from USD 10.4 billion in 2018 to USD 11.3 billion by 2023, at a CAGR of 1.8%. The growth of the specialties of lube oil refinery market is attributed to the growing packaging, pharmaceutical, and cosmetics industries. 

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Recent Developments In September 2018, Exxon Mobil announced that the new unit of its Beaumont, Texas facility has started operations. Through this expansion, the company will increase production of ultra-low sulfur fuels by about 45,000 barrels per day. In May 2018, Exxon Mobil signed an agreement with Sonatrach (Algeria) for the sale of its Augusta refinery, three fuel terminals in Augusta, Palermo, and Naples. View Full Report : https://www.marketsandmarkets.com/Market-Reports/specialties-lube-oil-refinery-market-172747167.html

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Companies such as Exxon Mobil Corporation (US), Sinopec Corporation (China), Royal Dutch Shell Plc (Netherlands), PetroChina Company Limited (China), Repsol SA (Spain), Eni S.p.A. (Italy), LUKOIL (Russia), and Sasol Ltd. (South Africa) are the leading players in the specialties of lube oil refinery market, globally.  Diversified product portfolio, high depth in application reach, and technical assistance to customers are factors responsible for strengthening the position of these companies in the specialties of lube oil refinery market. They have also been adopting various organic and inorganic growth strategies, such as new product development, merger & acquisition, and expansion, to enhance their current position in the specialties of lube oil refinery market.  Key Participants View Full Report : https://www.marketsandmarkets.com/Market-Reports/specialties-lube-oil-refinery-market-172747167.html Speak with Analyst

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The growth of the market in APAC is mainly driven by the shift of production facilities from North America and Europe to the region. China, India, and Southeast Asia are the major contributors to the growth of the packaging, pharmaceutical, and cosmetics industries. These industries are witnessing growth owing to the increasing per capita expenditure and growing urbanization. This is further expected to create demand for specialties of lube oil refinery in the region. On The Basis Of Region : Download PDF View Full Report : https://www.marketsandmarkets.com/Market-Reports/specialties-lube-oil-refinery-market-172747167.html

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About Us MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach Markets and Markets™ for their pain points around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, " Knowledgestore " connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. View Full Report : https://www.marketsandmarkets.com/Market-Reports/specialties-lube-oil-refinery-market-172747167.html

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