Market Research Report
Synthetic Lubricants Market: By Base Oil (PAO, Esters, Group III, PAG and Others); By Application (Engine Oils, Metalworking Fluids, Industrial Oils and Others); By Geography- Forecast 2019-2024
|Published by||IndustryARC||Product code||422597|
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|Synthetic Lubricants Market: By Base Oil (PAO, Esters, Group III, PAG and Others); By Application (Engine Oils, Metalworking Fluids, Industrial Oils and Others); By Geography- Forecast 2019-2024|
|Published: December 3, 2018||Content info:||
Synthetic lubricant, also known as synthetic oil, can be defined as a lubricant consisting of chemical compounds that are artificially made. Synthetic lubricants are manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials. Synthetic lubricants are generally used as a substitute for petroleum-refined oils when operating in extreme temperature in order to prevent wear and tear of the machinery and ensure smooth operation. Globally, increasing demand from the automotive industry is expected to remain a key growth driver for the synthetic lubricants market during the period of study.
Geographically, Europe dominates the synthetic lubricants market driven by higher demand synthetic lubricants for a wide range of applications into its industrial base due to climatic conditions in the region. Europe was followed by North America and Asia-Pacific as second and third largest markets for the synthetic lubricants market. Asia Pacific is projected to have the fastest growth, owing to rapidly increasing applications in the large and expanding industrial base in the region, especially in developing nations such as China and India in this region.
This report identifies the synthetic lubricants market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the synthetic lubricants market.
Synthetic Lubricants Market research report is classified on the basis of types. Some of the major types covered in this report are as follows: PAO, Esters, Group III (Hydro Cracking), and PAG (Polyalkylene Glycol)
Synthetic Lubricants Market research report is classified on the basis of application. Some of the major application covered in this report are as follows: Engine Oil, Metalworking Fluids, Industrial and others
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
Royal Dutch Shell PLC.
The DOW Chemical Company
Fuchs Petolub SE
More than 40 Companies are profiled in this Research Report, Complete List available on Request*
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