Synthetic Lubricants Market Research Report, 2016 to 2024: Hexa Research

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Synthetic Lubricants Market Analysis, Size, Share, Growth,
Industry Trends and Forecast to 2024 - Hexa Research
" Projected to grow at a CAGR of almost 2% from 2016 to
2024, synthetic lubricant market is expected to grow
significantly by 2024."
The Synthetic Lubricants Market is anticipated to register nearly 2 percent CAGR during 2016 to 2024 (forecast
period). This signifies considerable market expansion in the same period. Growing end-users, such as industrial
and automotives across developing nations, like China and India, should account for the same. These products
are highly popular due to their favorable properties as against conventional lubricants.
Some of these properties include wear & tear protection and outstanding thermal stability. These coupled with
heavy ‘load holding’ & low ‘friction’ features are also likely to drive market growth in the near future.
Innovative technologies, such as ester-based fire-resistant oils are incorporated across different industries &
sectors. Moreover, several major OEMs have imposed food lubrication NSF standards to adopt PAO products in
beverages, nutrition, & food sectors.
All these factors can open novel market prospects. However, a primary market restraint involves high prices of
these products in comparison to their mineral counterparts. Additionally, rising consumption of mineral oils,
particularly in India & China, will have a negative market impact over the forecast period. Also, in aptness of
PAOs with PAG & other conventional mineral oils may hinder the market in the eight years ahead.
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Expanding automotives & urbanization could also propel market sales. Favorable properties of these lubricants
augur well for the synthetic lubricants market. The market is fragmented by products, applications, and
geographies. Products consist of esters, PAG (polyalkylene glycol), group 3 (hydrocracking), and polyalphaolefin
(PAO). PAO reigned recently and is expected to continue likewise till 2024.
PAO based lubricants are compatible with other mineral & synthetic oils. Their compatibility would propel the
market in the eight years ahead. Esters are projected to observe considerable profits (regarding volumes) from
2016 to 2024. Wider adoption of esters across jet engines due to their high thermal stability can positively
impact this segment.
In terms of applications, engine oils led the market in the recent past. Sales of automotives in India and China
are likely to increase segment demand till 2024. With regards to geographies, Asia Pacific was the biggest
market in 2015. Asia Pacific is predicted to experience the highest CAGR over the forecast period.
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Table of Content of Synthetic Lubricants Market
Table of Contents
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Synthetic lubricants market snapshot, 2016 - 2024
Chapter 3 Synthetic Lubricants Industry Insights
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Synthetic Lubricants Value Chain Analysis
3.4 Synthetic Lubricants industry dynamics
3.4.1 Growth drivers
3.4.1.1 Positive automible production outlook
3.4.1.2 Abundant availability of natural gas in GCC
3.4.2 Industry pitfalls & challenges
3.4.2.1 Cost issues
3.4.2.2 Bio-based lubricants market penetration
3.5 Key market growth opportunities
3.5.1 Key Synthetic lubricants market growth opportunities
3.6 Porter’s Analysis
3.7 Synthetic lubricants company market share analysis, 2016
3.8 PESTEL Analysis
Chapter 4 Synthetic Lubricants Product Insights
4.1 Synthetic lubricants market volume share by product, 2016 & 2024
4.2 PAO based
4.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
4.3 Ester based
4.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
4.4 PAG based
4.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 5 Synthetic Lubricants Application Insights
5.1 Synthetic lubricants market volume share by application, 2016 & 2024
5.2 Engine oils
5.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.2.2 Market estimates and forecast by region, 2016 - 2024 (Kilo Tons) (USD Million)
5.3 Heat transfer fluids (HTF)
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5.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.3.2 Market estimates and forecast by region, 2016 - 2024 (Kilo Tons) (USD Million)
5.4 Transmission fluids
5.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.4.2 Market estimates and forecast by region, 2016 - 2024 (Kilo Tons) (USD Million)
5.5 Metalworking fluids
5.5.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.5.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
5.6 Other applications
5.6.1 Market estimates and forecast , 2016 - 2024 (Kilo Tons) (USD Million)
5.6.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 6 Synthetic Lubricants Regional Insights
6.1 Synthetic lubricants market volume share by region, 2016 & 2024
6.2 North America
6.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
6.2.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
6.2.3 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
6.3 Europe
6.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
6.3.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
6.3.3 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
6.4.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
6.4.3 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
6.5 Middle East & Africa (MEA)
6.5.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
6.5.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
6.5.3 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
6.6 Latin America
6.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
6.6.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
6.6.3 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 7 Competitive Insights
7.1 Exxon Mobil
7.2 Shell
7.3 British Petroleum
7.4 Total
7.5 Chevron
7.6 Fuchs Group
7.7 Pennzoil
7.8 Amsoil Inc.
7.9 Kendall (Phillips 66)
7.10 Valvoline
7.11 Castrol
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Projected to grow at a CAGR of almost 2% from 2016 to 2024, synthetic lubricant market is expected to grow significantly over the forecast period owing to growing consumer in emerging countries such as Europe and North America.