Exxon Mobil Corporation (US) and Sinopec Corporation (China) are the Leading Players in the Specialties of Lube Oil Refinery Market
The global specialties of lube oil refinery market are estimated to be USD 10.4 billion in 2018 and are projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8%. This growth is mainly attributed to the high demand from cosmetics, food packaging, and pharmaceutical applications. Exxon Mobil Corporation (US), Sinopec Corporation (China), Royal Dutch Shell Plc (Netherlands), PetroChina Company Limited (China), Total SA (France), Repsol SA (Spain), Eni S.p.A (Italy), LUKOIL (Russia), and Sasol Ltd. (South Africa) are the leading manufacturers of specialties of lube oil refinery, globally. To know about the assumptions considered for the study download the pdf brochure Exxon Mobil Corporation (US) is one of the leading players in the specialties of lube oil refinery market. The company has been focusing on organic strategies to maintain its leading position in the market. For example, in September 2018, the company expanded its reach by starting operations at its Beaumont,