Chemical and Materials Synthetic Lubricants Market

The Synthetic Lubricants Market size is estimated to grow at CAGR 3.01% rate between 2021 and 2026. The growing automotive industry and industrialization are one of the major drivers for the growth of global synthetic lubricant market. Stringent environmental regulations to reduce carbon emission are expected to boost the demand for synthetic lubricants. The consumption of synthetic lubricants is increasing due to their properties, such as water solubility, high viscosity indexes, and bio-degradability. High cost is one of the major restraints observed in the synthetic lubricants market.PAO is expected to remain the largest segment in overall synthetic lubricants market during the forecast period. Growth in the market size of PAO synthetic lubricants is attributed to its improved oxidative and thermal stability benefits across engine oil, metalworking fluids, and hydraulic fluids applications.

By application type, the engine oil segment is projected to hold the largest share in the overall synthetic lubricants market. The demand for engine oil is mainly driven by the growing automotive industry, which includes personal vehicles and high cargo transportation. Rapid growth of the automotive industry, especially in the APAC region is expected to fuel the demand for this segment. Engine oil is mainly used in automobiles to reduce metal-to-metal contact and minimize overall friction and reduce damage.

Europe is anticipated to be the largest synthetic lubricants market during the forecast period. Increasing investment in blending plants for synthetic lubricants especially in European nations such as Russia and the Netherlands is driving the growth in the region. Several national ecolabels/schemes and one international standard have been developed in the recent years for setting up of requirements for the ecological and technical characteristics of lubricants. The adoption of these standards is expected to fuel the demand for synthetic lubricants in the respective regional areas.

Key players in the Synthetic Lubricants Market include Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (US), British Petroleum PLC ((UK), Chevron Corporation (US), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany), and Idemitsu Kosan Co. Ltd. (Japan).

Key Questions Addressed by the Report

  • What are the major developments impacting the market?
  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming applications of synthetic lubricants?
  • What will be the major factors impacting the market growth during the forecast period?

  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Market Dynamics
  13. Drivers
  14. Growing Automotive Industry and Vehicle Parc
  15. Increasing Industrialization in Emerging Economies
  16. Challenges
  17. Rise in Demand for Alternative Fuels
  18. High Cost of Synthetic Lubricants
  19. Opportunities
  20. Stringent Environmental Regulations
  21. Advancements in Synthetic Lubricants Technologies
  22. Executive Summary
  23. Synthetic Lubricants Market, By Type
  24. Polyalphaolefin (PAO)
  25. Esters
  26. Polyalkylene Glycol (Pag)
  27. Group Iii (Hydrocracking)
  28. Synthetic Lubricants Market, By Product Type
  29. Engine Oil
  30. Hydraulic Fluids
  31. Metalworking Fluids
  32. Compressor Oil
  33. Gear Oil
  34. Refrigeration Oil
  35. Transmission Fluids
  36. Turbine Oil
  37. Synthetic Lubricants Market, By End-Use Industry
  38. Construction
  39. Mining
  40. Metal Production
  41. Cement Production
  42. Power Generation
  43. Automotive Manufacturing
  44. Chemical
  45. Marine (Deck Manufacturing)
  46. Oil & Gas
  47. Food Processing
  48. Textile
  49. Others
  50. Synthetic Lubricants Market, By Region
  51. North America
  52. US
  53. Canada
  54. Mexico
  55. Europe
  56. Germany
  57. UK
  58. France
  59. Italy
  60. Asia Pacific
  61. China
  62. Japan
  63. India
  64. South Korea
  65. Middle East
  66. UAE
  67. Egypt
  68. South Africa
  69. South America
  70. Brazil
  71. Company Profiles
  72. Royal Dutch Shell PLC
  73. Exxonmobil Corporation
  74. British Petroleum (Bp) PLC
  75. Chevron Corporation
  76. Total SA
  77. Fuchs Group
  78. Idemitsu Kosan Co. Ltd.
  79. Sinopec Limited
  80. Lukoil
  81. Petroliam Nasional Berhad (Petronas)
  82. Indian Oil Corporation Ltd.

*Company introduction, financial information, recent developments, SWOT analysis

  1. Conclusion and Recommendations
  2. Appendix
  3. About
  4. Related Reports
  5. Glossary

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