Synthetic lubricant market size is projected to register USD 5.0 billion by 2023 - PowerPoint PPT Presentation

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Synthetic lubricant market size is projected to register USD 5.0 billion by 2023

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Synthetic lubricants market size is forecast to exceed 900 kilo tons by 2023, with growth estimates of 4.2% CAGR from 2016 to 2023. Global synthetic lubricants market share dominated by companies such as ExxonMobil, Shell, BP and Castrol.Total, Chevron and Fuchs are other key industry participants.Synthetic lubricants market size was estimated at 652.2 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Positive automotive production landscape, particularly in Asia Pacific, along with superior performance and environmental properties will drive the global synthetic lubricants market trends. – PowerPoint PPT presentation

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