The global synthetic lubricants market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for synthetic lubricants in passenger cars and commercial vehicles. Passenger cars are becoming more fuel-efficient and require less oil than before, which has led to a decrease in demand for conventional engine oils. This has resulted in an increase in the demand for synthetic lubricants as they are more efficient than conventional engine oils and can be used with other types of fuels such as biofuels or natural gas. Synthetic lubricants also have better thermal stability, which makes them suitable for use with turbocharged engines that generate high temperatures due to their higher compression ratios.
The global synthetic lubricant market by type is segmented into polalpholefin (PAO), polalkylenglycol (PAG), dbasic acid ester (DEster), polyoEster, silicone; by application into industrial lube, commercial vehicles, passenger car; by region into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
- The global Synthetic Lubricants market is expected to grow at a CAGR of 3.5% during the forecast period, 2018-2025.
- The global Synthetic Lubricants market is driven by factors such as increasing demand for synthetic lubricants in emerging economies and growing automotive industry in Asia Pacific region.
- Increasing demand for synthetic lubricants from the automotive industry is one of the major drivers for the growth of this market globally.
- Increasing use of synthetic lubricant in various industries such as construction, mining, and agriculture are also driving this market globally.
- Growing awareness about environmental issues and increasing focus on sustainable development are also driving this market.
Industry Growth Insights published a new data on “Synthetic Lubricants Market”. The research report is titled “Synthetic Lubricants Market research by Types (Poly-alpha-olefin (PAO), Poly-alkylene-glycol (PAG), Di-basic acid ester (Di-Ester), Polyol-Ester, Silicone, Others), By Applications (Industrial Lubricants, Commercial Vehicles, Passenger Car, Others), By Players/Companies Exxon Mobil (US), Shell (NL), BP Castrol(UK), Chevron (US), Total (FR), Idemitsu Kosan (JP), BASF (DE), Fuchs(DE), Ashland Valvoline (US), JX (JP), Lukoil(RU), Petronas (ES), Chemtura (US), Amsoil (US), Pertamina (ID), CNPC (CN), Sinopec (CN), Delian Group (CN), Original Chemical (CN), LOPAL (CN)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Lubricants Market Research Report
By Type
Poly-alpha-olefin (PAO), Poly-alkylene-glycol (PAG), Di-basic acid ester (Di-Ester), Polyol-Ester, Silicone, Others
By Application
Industrial Lubricants, Commercial Vehicles, Passenger Car, Others
By Companies
Exxon Mobil (US), Shell (NL), BP Castrol(UK), Chevron (US), Total (FR), Idemitsu Kosan (JP), BASF (DE), Fuchs(DE), Ashland Valvoline (US), JX (JP), Lukoil(RU), Petronas (ES), Chemtura (US), Amsoil (US), Pertamina (ID), CNPC (CN), Sinopec (CN), Delian Group (CN), Original Chemical (CN), LOPAL (CN)
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Lubricants Market Report Segments:
The global Synthetic Lubricants market is segmented on the basis of:
Types
Poly-alpha-olefin (PAO), Poly-alkylene-glycol (PAG), Di-basic acid ester (Di-Ester), Polyol-Ester, Silicone, Others
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
Industrial Lubricants, Commercial Vehicles, Passenger Car, Others
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:
- Exxon Mobil (US)
- Shell (NL)
- BP Castrol(UK)
- Chevron (US)
- Total (FR)
- Idemitsu Kosan (JP)
- BASF (DE)
- Fuchs(DE)
- Ashland Valvoline (US)
- JX (JP)
- Lukoil(RU)
- Petronas (ES)
- Chemtura (US)
- Amsoil (US)
- Pertamina (ID)
- CNPC (CN)
- Sinopec (CN)
- Delian Group (CN)
- Original Chemical (CN)
- LOPAL (CN)
Highlights of The Synthetic Lubricants 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:
- Poly-alpha-olefin (PAO)
- Poly-alkylene-glycol (PAG)
- Di-basic acid ester (Di-Ester)
- Polyol-Ester
- Silicone
- Others
- By Application:
- Industrial Lubricants
- Commercial Vehicles
- Passenger Car
- Others
- 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 Lubricants 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 lubricants are man-made products that are designed to replace natural oils and fats in machinery. They can be used in a variety of applications, including engines, pumps, bearings and other moving parts. Synthetic lubricants offer many benefits over traditional oil and fat products, including reduced wear and tear on equipment, improved fuel efficiency and longer product life.
Some of the major players in the synthetic lubricants market are Exxon Mobil (US), Shell (NL), BP Castrol(UK), Chevron (US), Total (FR), Idemitsu Kosan (JP), BASF (DE), Fuchs(DE), Ashland Valvoline (US), JX (JP), Lukoil(RU), Petronas (ES), Chemtura (US), Amsoil (US), Pertamina (ID), CNPC (CN), Sinopec (CN), Delian Group (CN), Original Chemical (CN), LOPAL (CN).
The synthetic lubricants market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Synthetic Lubricants 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 Lubricants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Synthetic Lubricants Market - Supply Chain
4.5. Global Synthetic Lubricants Market Forecast
4.5.1. Synthetic Lubricants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Synthetic Lubricants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Synthetic Lubricants Market Absolute $ Opportunity
5. Global Synthetic Lubricants 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 Lubricants Market Size and Volume Forecast by Type
5.3.1. Poly-alpha-olefin (PAO)
5.3.2. Poly-alkylene-glycol (PAG)
5.3.3. Di-basic acid ester (Di-Ester)
5.3.4. Polyol-Ester
5.3.5. Silicone
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Synthetic Lubricants 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 Lubricants Market Size and Volume Forecast by Application
6.3.1. Industrial Lubricants
6.3.2. Commercial Vehicles
6.3.3. Passenger Car
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Synthetic Lubricants 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 Lubricants 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 Lubricants 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 Lubricants 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 Lubricants Demand Share Forecast, 2019-2026
9. North America Synthetic Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
9.4.1. Industrial Lubricants
9.4.2. Commercial Vehicles
9.4.3. Passenger Car
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Synthetic Lubricants Market Size and Volume Forecast by Type
9.7.1. Poly-alpha-olefin (PAO)
9.7.2. Poly-alkylene-glycol (PAG)
9.7.3. Di-basic acid ester (Di-Ester)
9.7.4. Polyol-Ester
9.7.5. Silicone
9.7.6. Others
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 Lubricants Demand Share Forecast, 2019-2026
10. Latin America Synthetic Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
10.4.1. Industrial Lubricants
10.4.2. Commercial Vehicles
10.4.3. Passenger Car
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Synthetic Lubricants Market Size and Volume Forecast by Type
10.7.1. Poly-alpha-olefin (PAO)
10.7.2. Poly-alkylene-glycol (PAG)
10.7.3. Di-basic acid ester (Di-Ester)
10.7.4. Polyol-Ester
10.7.5. Silicone
10.7.6. Others
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 Lubricants Demand Share Forecast, 2019-2026
11. Europe Synthetic Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
11.4.1. Industrial Lubricants
11.4.2. Commercial Vehicles
11.4.3. Passenger Car
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Synthetic Lubricants Market Size and Volume Forecast by Type
11.7.1. Poly-alpha-olefin (PAO)
11.7.2. Poly-alkylene-glycol (PAG)
11.7.3. Di-basic acid ester (Di-Ester)
11.7.4. Polyol-Eter
11.7.5. Silicone
11.7.6. Others
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 Lubricants Demand Share, 2019-2026
12. Asia Pacific Synthetic Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
12.4.1. Industrial Lubricants
12.4.2. Commercial Vehicles
12.4.3. Passenger Car
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Synthetic Lubricants Market Size and Volume Forecast by Type
12.7.1. Poly-alpha-olefin (PAO)
12.7.2. Poly-alkylene-glycol (PAG)
12.7.3. Di-basic acid ester (Di-Ester)
12.7.4. Polyol-Ester
12.7.5. Silicone
12.7.6. Others
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 Lubricants Demand Share, 2019-2026
13. Middle East & Africa Synthetic Lubricants 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 Lubricants 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 Lubricants Market Size and Volume Forecast by Application
13.4.1. Industrial Lubricants
13.4.2. Commercial Vehicles
13.4.3. Passenger Car
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Synthetic Lubricants Market Size and Volume Forecast by Type
13.7.1. Poly-alpha-olefin (PAO)
13.7.2. Poly-alkylene-glycol (PAG)
13.7.3. Di-basic acid ester (Di-Ester)
13.7.4. Polyol-Ester
13.7.5. Silicone
13.7.6. Others
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 Lubricants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Synthetic Lubricants Market: Market Share Analysis
14.2. Synthetic Lubricants Distributors and Customers
14.3. Synthetic Lubricants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Exxon Mobil (US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell (NL)
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 Castrol(UK)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chevron (US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Total (FR)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Idemitsu Kosan (JP)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BASF (DE)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fuchs(DE)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ashland Valvoline (US)
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 (JP)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lukoil(RU)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Petronas (ES)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chemtura (US)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Amsoil (US)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Pertamina (ID)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CNPC (CN)
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 (CN)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Delian Group (CN)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Original Chemical (CN)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. LOPAL (CN)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
