Market Overview:
The global synthetic engine lubricant market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for synthetic engine lubricants from various applications such as cars, motorsports, and others. Additionally, factors such as rising awareness about the benefits of using synthetic engine lubricants are expected to fuel the growth of this market over the forecast period. On basis of type, Synthetic Engine Grease segment is anticipated to account for major share in terms revenue followed by Synthetic Engine Oil segment over 2018-2030 owing higher adoption rates across automotive industry verticals globally. On basis application Car segment dominated global synthetic engine lubricant market and accounted for more than XX% revenue share in 2017 and it will continue its dominance throughout forecast period due stringent emission norms being implemented by regulatory bodies across globe which mandates use high quality automotive grade oils & greases . Asia Pacific excluding Japan (APEJ) region led overall regional demand with highest CAGR during entire forecast period owing rapid industrialization & urbanization along with rising disposable income levels in countries such as China & India . Some key players operating in global synthetics engine lube oil Market include Royal Dutch Shell plc., Exxon Mobil Corporation., BP Plc., Total S.A.
Product Definition:
A synthetic engine lubricant is a type of motor oil that is manufactured from chemical compounds, as opposed to natural oils such as crude oil. Synthetic engine lubricants are created in a laboratory and typically offer better performance and protection than traditional motor oils. They are often used in high-performance or racing engines, where the extra protection is necessary to withstand the heat and stress of extended use.
Synthetic Engine Grease:
Synthetic engine grease is a special type of lubricant, designed for use in high-performance engines. It was initially developed as an alternative to the widely used mineral-based greases; however, it has now become its own unique product category.
The primary factor responsible for this change in consumption patterns is the performance benefits offered by synthetic products.
Synthetic Engine Oil:
Synthetic engine oil is a specially formulated lubricant designed to replace conventional mineral oils in automotive engines. It contains additives such as antioxidants, anti-foaming agents and detergents which help to keep the engine clean and prevent soiling. Synthetic base stock is usually made from petrochemicals but with the addition of bio-based or renewable feedstock such as esters, fatty acids or polyols it can be produced using biotechnology too.
Application Insights:
The car application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The rising importance of passenger cars owing to increasing disposable income levels, especially in emerging economies such as India and China, is expected to drive demand for GEL products over the forecast period.
In addition, motorsports are anticipated to witness a high growth rate on account of growing participation from countries across Asia Pacific region including China Japan and South Korea due to their passion for racing games. Furthermore, other applications include personal vehicles as well as commercial vehicles which constitute heavy trucks among others that use these products for maintaining optimum performance throughout the life span of engines. Increasing R&D activities carried out by major players with an objective to enhance product formulations that meet various performance requirements while protecting engine components at same time will further propel industry expansion over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for automotive products, owing to a rise in disposable income of consumers and an increase in population. This has led to increased production of vehicles, which is likely to have a positive impact on product sales over the next eight years.
The European market was valued at USD X billion in 2017 and is projected to witness steady growth from 2018 until 2030 due high concentration of major automobile manufacturers such as PSA Group; BMW AG; Fiat Chrysler Automobiles N.V.; Mercedes-Benz AG Daimler AG; Volkswagen Group A GmbH & Co., KGaA).
Growth Factors:
- Increasing demand for synthetic engine lubricants from the automotive and transportation sector due to their superior performance as compared to mineral oils.
- Growing popularity of synthetic engine lubricants among consumers owing to their better fuel economy and extended service life.
- Proliferation of new technologies in the automotive industry that are requiring higher quality synthetic engine lubricants for optimized performance.
- Stringent environmental regulations governing emissions from vehicles, which is driving the demand for more efficient and environmentally friendly synthetic engine lubricants .
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Engine Lubricant Market Research Report
By Type
Synthetic Engine Grease, Synthetic Engine Oil
By Application
Car, Motorsports, Other
By Companies
Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, FUCHS, LUKOIL, SKF, JX Nippon Oil & Energy Corporation, Petro-Canada, Indian Oil Corporation, Quaker Chemical, Southwestern Petroleum Corporation, Klüber, Dow Corning, Sinopec, CNPC, CNOOC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Engine Lubricant Market Report Segments:
The global Synthetic Engine Lubricant market is segmented on the basis of:
Types
Synthetic Engine Grease, Synthetic Engine Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car, Motorsports, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell
- Exxon Mobil
- BP
- Total Lubricants
- Axel Christiernsson
- Chevron
- FUCHS
- LUKOIL
- SKF
- JX Nippon Oil & Energy Corporation
- Petro-Canada
- Indian Oil Corporation
- Quaker Chemical
- Southwestern Petroleum Corporation
- Klüber
- Dow Corning
- Sinopec
- CNPC
- CNOOC
Highlights of The Synthetic Engine Lubricant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetic Engine Grease
- Synthetic Engine Oil
- By Application:
- Car
- Motorsports
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Engine Lubricant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic engine lubricant is a type of oil that is not derived from plants. Synthetic engine lubricants are made up of chemicals and are designed to provide better performance and durability than traditional oils.
Some of the major companies in the synthetic engine lubricant market are Shell, Exxon Mobil, BP, Total Lubricants, Axel Christiernsson, Chevron, FUCHS, LUKOIL, SKF, JX Nippon Oil & Energy Corporation, Petro-Canada, Indian Oil Corporation, Quaker Chemical, Southwestern Petroleum Corporation, KlƒÂ¼ber, Dow Corning, Sinopec, CNPC, CNOOC.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Synthetic Engine Lubricant Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Synthetic Engine Lubricant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Synthetic Engine Lubricant Market - Supply Chain
4.5. Global Synthetic Engine Lubricant Market Forecast
4.5.1. Synthetic Engine Lubricant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Synthetic Engine Lubricant Market Size (000 Units) and Y-o-Y Growth
4.5.3. Synthetic Engine Lubricant Market Absolute $ Opportunity
5. Global Synthetic Engine Lubricant Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Synthetic Engine Lubricant Market Size and Volume Forecast by Type
5.3.1. Synthetic Engine Grease
5.3.2. Synthetic Engine Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Synthetic Engine Lubricant Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Synthetic Engine Lubricant Market Size and Volume Forecast by Application
6.3.1. Car
6.3.2. Motorsports
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Synthetic Engine Lubricant Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Synthetic Engine Lubricant Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Synthetic Engine Lubricant Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Synthetic Engine Lubricant Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Synthetic Engine Lubricant Demand Share Forecast, 2019-2029
9. North America Synthetic Engine Lubricant Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Synthetic Engine Lubricant Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Synthetic Engine Lubricant Market Size and Volume Forecast by Application
9.4.1. Car
9.4.2. Motorsports
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Synthetic Engine Lubricant Market Size and Volume Forecast by Type
9.7.1. Synthetic Engine Grease
9.7.2. Synthetic Engine Oil
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Synthetic Engine Lubricant Demand Share Forecast, 2019-2029
10. Latin America Synthetic Engine Lubricant Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Synthetic Engine Lubricant Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Synthetic Engine Lubricant Market Size and Volume Forecast by Application
10.4.1. Car
10.4.2. Motorsports
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Synthetic Engine Lubricant Market Size and Volume Forecast by Type
10.7.1. Synthetic Engine Grease
10.7.2. Synthetic Engine Oil
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Synthetic Engine Lubricant Demand Share Forecast, 2019-2029
11. Europe Synthetic Engine Lubricant Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Synthetic Engine Lubricant Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Synthetic Engine Lubricant Market Size and Volume Forecast by Application
11.4.1. Car
11.4.2. Motorsports
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Synthetic Engine Lubricant Market Size and Volume Forecast by Type
11.7.1. Synthetic Engine Grease
11.7.2. Synthetic Engine Oil
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Synthetic Engine Lubricant Demand Share, 2019-2029
12. Asia Pacific Synthetic Engine Lubricant Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Synthetic Engine Lubricant Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Synthetic Engine Lubricant Market Size and Volume Forecast by Application
12.4.1. Car
12.4.2. Motorsports
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Synthetic Engine Lubricant Market Size and Volume Forecast by Type
12.7.1. Synthetic Engine Grease
12.7.2. Synthetic Engine Oil
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Synthetic Engine Lubricant Demand Share, 2019-2029
13. Middle East & Africa Synthetic Engine Lubricant Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Synthetic Engine Lubricant Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Synthetic Engine Lubricant Market Size and Volume Forecast by Application
13.4.1. Car
13.4.2. Motorsports
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Synthetic Engine Lubricant Market Size and Volume Forecast by Type
13.7.1. Synthetic Engine Grease
13.7.2. Synthetic Engine Oil
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Synthetic Engine Lubricant Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Synthetic Engine Lubricant Market: Market Share Analysis
14.2. Synthetic Engine Lubricant Distributors and Customers
14.3. Synthetic Engine Lubricant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Total Lubricants
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Axel Christiernsson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chevron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FUCHS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LUKOIL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SKF
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JX Nippon Oil & Energy Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Petro-Canada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Indian Oil Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Quaker Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Southwestern Petroleum Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Klüber
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dow Corning
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sinopec
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. CNPC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNOOC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
