The Global Synthetic Lubricants Market - Global Industry Overview, Market Size, Trends, Share, Manufacturers Outlook to 2020 is a professional Synthetic Lubricants Market study provides Synthetic Lubricants Market Price, Size, Drivers, Challenges, Major trends, Key Manufactures, and value chain Analysis. The synthetic lubricants’ market is estimated to be worth USD 31.0 Billion in 2014 and is projected to reach USD 36.0 Billion by 2020, at a CAGR of 2.5% between 2015 and 2020.
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The Synthetic Lubricants Market provides a basic overview of the Synthetic Lubricants industry including definitions, classifications, applications and industry chain structure. The Synthetic Lubricants Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.
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Synthetic Lubricants manufacturers discussed in report:
ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Fuchs Petrolub SE (Germany), Total S.A.
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(France), Chevron Corporation (U.S.), Lubrizol Corporation (U.S.), Idemitsu Kosan Co. Ltd (Japan), Pennzoil (U.S.), The Dow Chemical Company (U.S.), and Petroliam Nasional Berhad (Malaysia).
The Global Synthetic Lubricants Market Analysis report displays Synthetic Lubricants market by Type (PAO, Esters, Group III, PAG), by Application (Engine Oil, Metalworking Fluids, and Industrial) and by Regions (Europe, North America, Asia-Pacific and Rest of the World) - Global Trends & Forecasts to 2020.
The synthetic lubricants market size is expected to reach USD36.0 billion by 2020, registering a CAGR of 2.5% between 2015 and 2020. The increasing use of synthetic lubricants as compared to conventional mineral oil in urban areas in the African region is a driving factor for the global synthetic lubricants market.
Synthetic lubricants can perform in extreme conditions and difficult environmental situations. They have good viscosity to extreme temperature.
Moreover, they are more stable at high and low temperatures as compared to mineral oils.
The engine oil application segment dominated the global synthetic lubricants market in 2014.The industrial application segment is projected to register the highest growth rate between 2015and 2020.The rapid growth of the automotive industry, especially, in the Asia-Pacific is driving the growth of the engine oil application segment of the synthetic lubricants market.
Asia-Pacific is projected to be the fastest-growing market for synthetic lubricants in the world. The increase in disposable income of people and industrial growth in the Asia-Pacific region led to the increasing demand of automobiles.
As a result, there has been a consistent rise in number of vehicles in the region over the past decade, which is ultimately fueling the demand for PAG based lubricants the region.
Break-up of profile of primary interviewees for the report
- By Company Type – Tier 1–31%, Tier 2–36%, and Tier 3–33%.
- By Designation– C Level– 37%, Director Level–33%, Others–30%.
- By Region– North America–28%, Europe–29%, Asia-Pacific–23%, and RoW–20%.
Report represents Global Synthetic Lubricants industry manufacturers in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and market shares for each company from 2016 to 2020.
Report also provides Synthetic Lubricants Industrial Chain, Strategy analysis and Marketing Strategy Analysis from 2016 to 2020.
Geographically this report split global into several key Regions, with (K Units), revenue (Million USD), growth rate, and market share of Synthetic Lubricants globally, from 2016 to 2020 (forecast), covering. Report provides applications wise Synthetic Lubricants market share, and demand is analysed in report.
The bottom-up approach was used to estimate the Global market size of Synthetic Lubricants Market based on end-use industry and region, in terms of value. Report focuses on Global major leading Synthetic Lubricants industry players with information such as company profiles, product picture and specifications, market share and contact information.
What’s more, the Synthetic Lubricants Market industry development trends and marketing channels are analyzed.
The research provides you-
- Global Synthetic Lubricants Competition by Players/Suppliers, Type and Application
- Global Synthetic Lubricants Market Report 2016
- Global Synthetic Lubricants Players/Suppliers Profiles and Data
- Synthetic Lubricants Manufacturing Cost Analysis
- Global Synthetic Lubricants Market Forecast (2016-2020)
- Synthetic Lubricants market size and the growth rate in 2020.
- Report includes global Synthetic Lubricants Market trends impacting the growth of Synthetic Lubricants Industry.
- Synthetic Lubricants market opportunities and challenges from 2016 to 2020.
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