Global Synthetic Lubricants Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Report
  • Nov 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Synthetic Lubricants Market By Product (Silicones, PAO, Esters, PAG, Group III, Phosphate Ester, Polyolester, Biolubes, Di-Basic Acid Ester, Others), Application (Engine Oil, Hydraulic Fluids, Compressor Oil, Gear Oil, Greases, Refrigeration Oil, Transmission Fluids & Hydraulic Fluids, Turbine Oil, HTF, Metalworking Fluids, Process Oil, Marine Lubricants, General Industrial Oils, Others), End-Use Industry (Construction, Mining, Metal Production, Cement Production, Power Generation, Automotive Manufacturing, Chemical, Marine, Oil & Gas, Food Processing, Textile, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Synthetic Lubricants Market

Global synthetic lubricants market is expected to register a steady potential growth rate of 3.95% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the focus of various authorities and organizations on extensive levels of research & development activities resulting in high levels of innovations in technologies.

Market Definition: Global Synthetic Lubricants Market

Synthetic lubricants are produced from oil extracted from various different artificial chemical manufacturing industries such as esters, PAO and various others. These oils are then processed for replacing the mineral oils present in crude oil to develop synthetic lubricants which are then used as lubricating fluids/compounds to enhance the performance levels of different machineries and components. Unlike, other lubricants synthetic lubricants are developed with the help of chemical synthesis instead of refinement or extraction of petrol-based compounds with the main objective of these lubricants being to reduce the friction levels between two different surfaces.

Market Drivers:

  • Increasing production activities for natural gas being carried out in the various gulf countries; this is expected to act as a driver for the market growth
  • High demand associated with the automotive industry; this factor is expected to propel the market growth
  • Growth in the levels of industrialization from the various developing countries/regions of the world is expected to boost the market growth
  • Various different benefits associated with these lubricants over the conventional lubricants is expected to foster positive market growth

Market Restraints:

  • Increasing availability of bio-lubricants is expected to act as a restraint for the market growth
  • Concerns related to high costs of these lubricants; this factor is expected to hinder the market growth
  • High demands for alternative fuels and products; this factor is expected to restrict the market growth

Segmentation: Global Synthetic Lubricants Market

By Product

  • Silicones
  • Polyalphaolefin (PAO)
  • Esters
  • Polyalkylene Glycol (PAG)
  • Group III (Hydrocracking)
  • Phosphate Ester
  • Polyolester
  • Biolubes
  • Di-Basic Acid Ester (Di-Ester)
  • Others

By Application

  • Engine Oil

    • Passenger Vehicle (PV)
    • Commercial Vehicles (CV)

  • Hydraulic Fluids
  • Compressor Oil
  • Gear Oil
  • Greases
  • Refrigeration Oil
  • Transmission Fluids & Hydraulic Fluids
  • Turbine Oil
  • Heat Transfer Fluids (HTF)
  • Metalworking Fluids
  • Process Oil
  • Marine Lubricants
  • General Industrial Oils
  • Others

By End-Use Industry

  • Construction
  • Mining
  • Metal Production
  • Cement Production
  • Power Generation
  • Automotive Manufacturing
  • Chemical
  • Marine (Deck Manufacturing)
  • Oil & Gas
  • Food Processing

    • Food

      • Bakery
      • Sugar
      • Dairy
      • Meat, Poultry & Seafood
      • Others

    • Beverage
    • Pharmaceuticals & Cosmetics
    • Others

  • Textile
  • Others

    • Paper
    • Paints & Coatings
    • Rubber
    • Wood
    • Glass
    • Mechanical Components

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • France
    • Italy
    • U.K.
    • Belgium
    • Spain
    • Russia
    • Turkey
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • UAE
    • Saudi Arabia
    • Egypt
    • South Africa
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In October 2019, FUCHS announced that they had agreed to acquire Nye Lubricants Inc. located in The Fairhaven, Massachusetts, United States. Nye Lubricants Inc. is a well-known leader in development and innovations related to synthetic lubricants. This acquisition will help FUCHS enhance their product offerings for speciality lubricants product range helping provide specialized solutions for a number of different applications
  • In April 2018, Royal Dutch Shell announced that their subsidiary Shell Lubricants through their Indian division had launched “Shell Helix HX8” their fully synthetic engine oil developed for various different car types inclusive of sedans, hatchbacks, MUVs and SUVs. The product offers various significant performance benefits associated with lubricants over conventional products available presently in the industry

Competitive Analysis:

Global synthetic lubricants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of synthetic lubricants market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global synthetic lubricants market are Total; Lubrication Engineers; Exxon Mobil Corporation; Synthetic Lubricants, Inc.; Royal Dutch Shell; BP p.l.c.; Valvoline LLC; Indian Oil Corporation Ltd; Chevron Corporation; Castrol Limited; FUCHS; Pennzoil; Phillips 66 Company; AMSOIL INC.; INEOS; NACO Corporation; LANXESS; Idemitsu Kosan Co.,Ltd.; China Petroleum & Chemical Corporation; LUKOIL; Petroliam Nasional Berhad (PETRONAS) among others.

Research Methodology: Global Synthetic Lubricants Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


SKU-

Please fill in the below form for detailed Table of Content

Please fill in the below form for detailed List of Table

Please fill in the below form for detailed List of Figure

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19