The Global Semi-synthetic lubricants Market has been estimated at USD XXX.XX million in 2015 and is projected to reach USD XXX.XX million by 2020, at a CAGR of XX.XX% during the forecast period from 2015 to 2020.
Semi-synthetic lubricants, also referred as synthetic blends, consist of blends of mineral oil and typically containing not more than 30% of synthetic oil. These semi-synthetic lubricants contain antioxidant additives that gives protection to the machines and engines from high temperature and heavy loads.
Moreover, these lubricants do not evaporate as compared to the typical mineral oil based lubricants. Semi-synthetic lubricants provides number of benefits of synthetic lubricants such as improved viscosity and extended lubricant life and are cheaper than the fully synthetic lubricants.
The semi-synthetic lubricants are classified by API (American Petroleum Institute) into different groups on the basis of their base stock.
Semi-synthetic lubricants are used in across wide number of end-user industries due to its properties such as construction, energy, transportation, mining, oil & gas, food processing and refrigeration among others.
The use of semi-synthetic lubricants across different industries and the growing automotive and mining industries across different regions are the key drivers for the industries. Moreover, rapid industrialization in the developing regions will led to the increase in demand for these lubricants.
The growing industrialization will also led to the growth of high-performance lubricants in the developing regions. The market is however, restrained by the growing popularity for eco-friendly and bio-based lubricants.
The market has been geographically segmented into Asia-Pacific (APAC), North America, South America, Europe and Middle East & Africa. The industrial growth in the developing regions across the globe, especially in the mining, automotive and construction sector are the key consumers for the semi-synthetic lubricants and will help this market grow in the future.
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The profiles of the various semi-synthetic lubricant producing companies have included in the report. These includes Chevron Corporation, Chemtura Corporation, Castrol, British Petroleum, ExxonMobil, Lubrizol, Kao Corporation, Petro Canada, Petro China, Gulf Oil Middle-East, Lukoil, NOF Corporation, The DOW Chemical Company, Total S.A., Valvoline, Sinopec, Royal Dutch Shell, and Petronas among others.
Key Deliverables in the Study
Market analysis for the Global Semi-Synthetic Lubricants Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Semi-Synthetic Lubricants market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/industry is booming and to also identify the regions that are still untapped.
Key Questions Answered In This Report
· What will the market size and the growth rate be in 2022?
· What are the key factors driving this report?
· What are the key market trends impacting the growth of this report?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the vendors in this report?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA?
· What are the key outcomes of the five forces analysis of this report?
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