Synthetic lubricants are widely used in the manufacturing and transportation sectors, such as automotive, aviation, marine, transportation equipment manufacturing, metal production, commercial machinery manufacturing, food & beverage, and rubber & plastic industries. Hence, the rapid growth in these industries is expected to contribute to the growth of the synthetic lubricants market. Furthermore, the use of synthetic lubricants is very essential in the engine oil segment. The automotive industry is the largest consumer for engine oil and the rapid growth of the industry is expected to drive the demand for synthetic lubricants.
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The synthetic lubricants market is projected to reach USD 37.3 billion by 2023, at a CAGR of 3.0%, from USD 32.2 billion in 2018.
Geographically, global Synthetic Lubricants market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Idemitsu Kosan
- Ashland Valvoline
- JX Group
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On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into
- Polyalphaolefin (PAO)
- Polyalkylene Glycol (PAG)
- Di-basic Acid Ester (Di-Ester)
For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Synthetic Lubricants for each application, including
- Petrochemical Industry
- Metal Stamping
Production, consumption, revenue, market share and growth rate are the key targets for Synthetic Lubricants from 2013 to 2024 (forecast) in these regions
- Southeast Asia
- South America
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