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Global Synthetic Lubricants Market 2018 – Adroit Market Research

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Global Synthetic Lubricants Market Size was USD 4.69 billion in 2017 and is projected to cross USD 6.76 billion by 2025 driven by the growing demand from end-use industries, majorly the tag & label industry.
Adroit Market Research
Global Synthetic Lubricants
Market Size 2017
by Type (Polyalphaolefin (PAO), Esters, Polyalkylene Glycol (PAG),
Application (Transmission Fluids, Engine Oils, Metalworking
Fluids, Heat Transfer Fluids (HTF) and Others), Region and
Forecast 2018 to 2025, Region and Forecast 2018 to 2025
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Global Synthetic Lubricants Market Size and Forecast, 2015-2025
• The global synthetic lubricants market size is provided based on a detailed analysis of the penetration of lubricants across
the automotive sector in different geographies. The global synthetic lubricants market analysis is aimed at identifying
emerging trends and lucrative opportunities prevailing in the global market along with detailed analysis of the market
segmentation. Dynamics of automotive and manufacturing industries across geographies has also been taken into
consideration while estimating the global synthetic lubricants market growth. The global synthetic lubricants market also
provides a comprehensive competitive landscape with a wide analysis of the key strategies adopted by industry leaders to
maintain their market share.
• Global synthetic lubricants market size is projected to be valued USD 6.76 billion by 2025, driven by tightening fuel
economy and emission regulations on automotive engine oils across all regions. Thus, automotive manufacturers in
coordination with lubricant marketers are designing tailored products such as new engines, powertrains and other
equipment which can operate at the highest efficiency and improve the vehicle lifecycle.
• Synthetic lubricants are free of impurities and exhibit higher viscosity and oxidation stability than mineral base oils, thus,
improving vehicle performance. The sound produced by an engine and moving parts of a vehicle are the key challenges
faced by automotive designers and engineers today. Synthetic lubricants are therefore utilized to reduce and minimize the
sounds, vibration, and harshness of vehicle parts and in turn, lower the surface wear and tear of automotive components.
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Global Synthetic Lubricants Market Size and Forecast, 2015-2025
• The global synthetic lubricants market analysis defines the presence of the majority of the largest revenue generating
company involved in the value chain, and this is expected to provide immense commercial opportunities worldwide.
Synthetic lubricants primarily find application in the automotive industry and are bound to benefit from a rebound of the
motor vehicle production. Also, expanding the availability of high-quality feedstock on account of increasing investments
in the new basestock capacity in North America has grabbed the attention of OEMs towards the use of high-performance
synthetic products.
• Engine oil is projected to be the fastest growing segment within the global synthetic lubricants market, growing with a
volume CAGR of 4.2% during the forecast period. Rising sales of automobiles especially in emerging economies are
expected to boost the global synthetic lubricants market growth in the coming years.
• Asian economies have consumed lubricants in amounts that have surpassed the North American and European
economies, a trend that is expected to continue at least over the next seven years. Installation of new machines and
increasing sales of branded cars are some of the latest synthetic lubricants market trends prevailing in Asia Pacific
countries. Asia Pacific synthetic lubricant market is growing with the fastest revenue CAGR of 5.2% from 2018 to 2025.
Formation of the ASEAN Economic Community appears to act as a catalyst for Asia Pacific lubricants market since its
economic outlook opens up exciting opportunities for the market growth. Proposed removal of tariffs on vehicles is
expected to have an immediate and direct impact on the sales of the vehicle from international brands. Set up of
manufacturing facilities in developing economies such as Malaysia, Indonesia and Thailand will boost the synthetic
lubricants market demand in both the OEM and aftermarket segment.
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Key segments of the global synthetic lubricants market
Type Overview, 2015-2025 (Kilo Tons, USD Million)
• PAO
• Esters
• PAG
Application Overview, 2015-2025 (Kilo Tons, USD Million)
•
•
•
•
•
Engine Oils
Heat Transfer Fluids (HTF)
Transmission Fluids
Metalworking Fluids
Others
Regional Overview, 2015-2025 (Kilo Tons, USD Million): North America, Europe, Asia Pacific, Latin America, MEA
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Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
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size, key trends, participants and future outlook of an industry. We intend to become our
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opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At
our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and
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