DUBLIN – (BUSINESS WIRE) – The “Global Synthetic Lubricants Market – Analysis by Product Type (Motor Oil, Metalworking & Hydraulic Fluids, Gear Oils, Compressor Oil, Gear Oil, Others), End User, Region, Country (2021 Edition): Market Insights, COVID -19 Impact, Competition and Forecast (2021-2026) “Report was added to ResearchAndMarkets.com to offer.
The global synthetic lubricants market was valued at $ 33.7 billion in 2020 and is seeing lucrative growth due to stringent regulatory standards for environmental protection, supportive government guidelines on energy conservation, and growing consumer awareness of product quality.
The continual increase in demand from the automotive sector in the Asia-Pacific region is driving the demand for industrial products in recent years. The latest technology promises a significant reduction in maintenance costs, which is why it is adopted by a significant number of buyers from diverse industrial backgrounds.
Due to low production costs in Asian countries, supported by increasing industrialization, manufacturers are investing in economies such as India and China, which is driving market growth.
Positive prospects for the automotive and industrial sectors combined with rapid industrialization in industrialized and emerging countries will increase the market size for synthetic lubricants. In addition, with expectations of increasing consumer demand and public and private sector investment in small and medium-sized industries, it is believed that they will power the global synthetic lubricants market in the future.
In addition, the growth of the automotive industry due to technological advances, population growth, and increasing demand for consumer goods are important factors that are expected to drive the synthetic lubricants market during the forecast period.
Motor oil, motor oil or motor lubricant is one of various substances that consist of base oils that are enriched with various additives, in particular anti-wear additives, detergents, dispersants and, in the case of multigrade oils, viscosity index improvers. Motor oil is used to lubricate internal combustion engines. Synthetic lubricants can increase efficiency while reducing the amount of energy required for consistent processing.
Most important target group
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Oil and gas companies
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Lubricant manufacturer
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Consulting and consulting company
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Government and policy makers
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Supervisory authorities
Countries covered
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Canada
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China
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France
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Germany
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India
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Japan
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Mexico
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South Korea
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United Kingdom
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United States
Key topics covered:
1. Scope of the report and methodology
2. Strategic recommendations
3. Synthetic Lubricants Market: Product Overview
4. Synthetic Lubricants Market: Sizing and Forecast
4.1 Market size, by value, year 2016-2020
4.2 Market size, by value, year 2021-2026
4.3 Effects of COVID-19 on the Global Synthetic Lubricants Market
4.4 Global economic and industrial outlook
5.Synthetic Lubricants Market Segmentation By Product Type (Value)
5.1 Global Synthetic Lubricants Market: Segment Analysis
5.2 Competitive Scenario of the Global Synthetic Lubricants Market: By Product Type (2020 & 2026)
5.3 By Motor Oil – Market Size and Forecast (2016-2026)
5.4 by Metal Working Fluids – Market Size and Forecast (2016-2026)
5.5 by Hydraulic Fluids – Market Size and Forecast (2016-2026)
5.6 By Gear Oils – Market Size and Forecast (2016-2026)
5.7 by Compressor Oil – Market Size and Forecast (2016-2026)
5.8 By Gear Oil – Market Size and Forecast (2016-2026)
5.9 From Others – Market Size and Forecast (2016-2026)
6. Synthetic Lubricants Market Segmentation By End User (Value)
6.1 Global Synthetic Lubricants Market: Segment Analysis
6.2 Global Synthetic Lubricants Market Competitive Scenario: By End-User (2020 & 2026)
6.3 By Automotive – Market Size and Forecast (2016-2026)
6.4 By Industry – Market Size and Forecast (2016-2026)
6.5 By Energy – Market Size and Forecast (2016-2026)
6.6 by Chemical Manufacturing – Market Size and Forecast (2016-2026)
6.6 From Others – Market Size and Forecast (2016-2026)
7. Global Synthetic Lubricants Market: Regional Analysis
7.1 Competitive Scenario of Global Synthetic Lubricants Market: By Region (2020 & 2026)
8. American Synthetic Lubricants Market: An Analysis
9. European Synthetic Lubricants Market: An Analysis
10. APAC Synthetic Lubricants Market: An Analysis
11. Global Synthetic Lubricants Market Dynamics
12. Market attractiveness and strategic analysis
13. Competitive landscape
13.1 Market share of the world’s leading synthetic lubricants, 2018
14. Company profiles (business description, financial analysis, business strategy)
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British petroleum
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Castrol India Limited
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Chevron Corporation
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Exxon Mobil Corporation
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Fuchs Petrolub
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Gulf Oil Lubricants India
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Indian oil company
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Royal Dutch shell
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Total SE
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Valvoline
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