Base Oil Market - Procurement Research Report Now Available From SpendEdge

Global Base Oil Procurement Market Intelligence Report (Graphic; Business Wire)

LONDON--()--Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Base Oil Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of base oil and acts as an all-inclusive guide for making smart purchasing decisions.

“The increased demand for hydraulic fluids with high viscosity index is compelling manufacturers of hydraulic fluids to use Group II and III base oils,” says SpendEdge procurement research analyst Anil Seth. “This is increasing the demand for base oils from the hydraulic fluids market,” added Anil.

Key Report Features

Supply Market Insights   Negotiation Strategies
Procurement Best Practices   Category Risk Analysis
Cost Saving Opportunities   Key Supplier Analysis
Pricing Models   Supplier Capability Matrix

Looking for more insights from this report? Request a free sample report

SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.

Report Insights

  • Strict emission controls for automobiles and preference for better fuels to improve the performance of vehicles are driving the demand for finished lubricants, which is leading to the growth of the global base oil market.
  • Purchasing managers must collaborate with suppliers that adopt sustainability practices such as the use of renewable raw materials in the manufacture of base oils while procuring feedstocks. This helps buyers meet their sustainability goals.
  • Purchasing managers must evaluate the capacity utilization of suppliers and availability of open capacities. Optimum capacity utilization rates will minimize chances of late deliveries, and open capacities will provide purchasing managers the assurance that suppliers can meet their additional requirements during periods of peak demand.

This report is available at a discount for a limited time only: View the report snapshot before purchasing

Base Oil Pricing Trends

The spot pricing and volume-based pricing are the two most widely accepted pricing models in the base oil market. The spot pricing model helps purchasing managers gain benefits of a sudden drop in prices of raw materials and procure in varying quantities depending on requirement. However, volume-based pricing helps purchasing managers stabilize their operating budgets by allowing them to estimate annual costs of raw materials. Moreover, it helps them to buyers to estimate their operating costs for a fiscal year, which helps end-user industries fix the market prices for their products.

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.

We also customize reports to meet clients’ requirements.

Browse Related Reports:

About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.


Shilpa Balakrishnan
US: +1 (844) 746-0600

Release Summary

SpendEdge has announced the release of their Global Base Oil Procurement Market Intelligence Report.


Shilpa Balakrishnan
US: +1 (844) 746-0600