Synthetic Lubricants Market Analysis and Forecast, 2016 to 2024

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Synthetic Lubricants Market Shares, Size,
Application Analysis, Competitive Strategies,
Trends and Forecasts to 2024 Hexa Research
Projected to grow at a CAGR of almost 2 from
2016 to 2024, Synthetic Lubricants Market is
expected to grow significantly over the forecast
period owing to growing consumer in emerging
countries such as Europe and North America
The Synthetic Lubricants Market is anticipated to
register nearly 2 percent CAGR during 2016 to
2024 (forecast period). This signifies
considerable market expansion in the same period.
Growing end-users, such as industrial and
automotives across developing nations, like China
and India, should account for the same. These
products are highly popular due to their
favorable properties as against conventional
lubricants.
Some of these properties include wear tear
protection and outstanding thermal stability.
These coupled with heavy load holding low
friction features are also likely to drive
market growth in the near future. Innovative
technologies, such as ester-based fire-resistant
oils are incorporated across different industries
sectors. Moreover, several major OEMs have
imposed food lubrication NSF standards to adopt
PAO products in beverages, nutrition, food
sectors.
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All these factors can open novel market
prospects. However, a primary market restraint
involves high prices of these products in
comparison to their mineral counterparts.
Additionally, rising consumption of mineral oils,
particularly in India China, will have a
negative market impact over the forecast period.
Also, inaptness of PAOs with PAG other
conventional mineral oils may hinder the market
in the eight years ahead.
Expanding automotives urbanization could also
propel market sales. Favorable properties of
these lubricants augur well for the synthetic
lubricants market. The market is fragmented by
products, applications, and geographies. Products
consist of esters, PAG (polyalkylene glycol),
group 3 (hydrocracking), and polyalphaolefin
(PAO). PAO reigned recently and is expected to
continue likewise till 2024.
PAO based lubricants are compatible with other
mineral synthetic oils. Their compatibility
would propel the market in the eight years ahead.
Esters are projected to observe considerable
profits (regarding volumes) from 2016 to 2024.
Wider adoption of esters across jet engines due
to their high thermal stability can positively
impact this segment.
In terms of applications, engine oils led the
market in the recent past. Sales of automotives
in India and China are likely to increase segment
demand till 2024. With regards to geographies,
Asia Pacific was the biggest market in 2015. Asia
Pacific is predicted to experience the highest
CAGR over the forecast period.
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Table of Content of Synthetic Lubricants Market
Chapter 1 Methodology Scope 1.1 Research
Methodology
1.1.1 Initial data exploration 1.1.2 Statistical
modeling and forecast 1.1.3 Industry insights and
validation 1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Synthetic lubricants market snapshot, 2016 -
2024
Chapter 3 Synthetic Lubricants Industry
Insights 3.1 Market Segmentation
3.2 Market Size and Growth Prospects 3.3
Synthetic Lubricants Value Chain Analysis 3.4
Synthetic Lubricants industry dynamics 3.4.1
Growth drivers
3.4.1.1 Positive automible production
outlook 3.4.1.2 Abundant availability of natural
gas in GCC 3.4.2 Industry pitfalls challenges
3.4.2.1 Cost issues
3.4.2.2 Bio-based lubricants market
penetration 3.5 Key market growth
opportunities 3.5.1 Key Synthetic lubricants
market growth opportunities 3.6 Porters Analysis
3.7 Synthetic lubricants company market share
analysis, 2016 3.8 PESTEL Analysis
Chapter 4 Synthetic Lubricants Product Insights
4.1 Synthetic lubricants market volume share by
product, 2016 2024 4.2 PAO based
4.2.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 4.2.2 Market estimates
and forecast, by region, 2016 - 2024 (Kilo Tons)
(USD Million) 4.3 Ester based
4.3.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million)
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4.3.2 Market estimates and forecast, by region,
2016 - 2024 (Kilo Tons) (USD Million) 4.4 PAG
based
4.4.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 4.4.2 Market estimates
and forecast, by region, 2016 - 2024 (Kilo Tons)
(USD Million)
Chapter 5 Synthetic Lubricants Application
Insights
5.1 Synthetic lubricants market volume share by
application, 2016 2024 5.2 Engine oils
5.2.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 5.2.2 Market estimates
and forecast by region, 2016 - 2024 (Kilo Tons)
(USD Million) 5.3 Heat transfer fluids (HTF)
5.3.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 5.3.2 Market estimates
and forecast by region, 2016 - 2024 (Kilo Tons)
(USD Million) 5.4 Transmission fluids
5.4.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 5.4.2 Market estimates
and forecast by region, 2016 - 2024 (Kilo Tons)
(USD Million) 5.5 Metalworking fluids
5.5.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 5.5.2 Market estimates
and forecast, by region, 2016 - 2024 (Kilo Tons)
(USD Million) 5.6 Other applications
5.6.1 Market estimates and forecast , 2016 - 2024
(Kilo Tons) (USD Million) 5.6.2 Market estimates
and forecast, by region, 2016 - 2024 (Kilo Tons)
(USD Million)
Chapter 6 Synthetic Lubricants Regional Insights
6.1 Synthetic lubricants market volume share by
region, 2016 2024 6.2 North America
6.2.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 6.2.2 Market estimates
and forecast, by product, 2016 - 2024 (Kilo Tons)
(USD Million) 6.2.3 Market estimates and
forecast, by application, 2016 - 2024 (Kilo Tons)
(USD Million) 6.3 Europe
6.3.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 6.3.2 Market estimates
and forecast, by product, 2016 - 2024 (Kilo Tons)
(USD Million) 6.3.3 Market estimates and
forecast, by application, 2016 - 2024 (Kilo Tons)
(USD Million) 6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 6.4.2 Market estimates
and forecast, by product, 2016 - 2024 (Kilo Tons)
(USD Million)
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6.4.3 Market estimates and forecast, by
application, 2016 - 2024 (Kilo Tons) (USD
Million) 6.5 Middle East Africa (MEA)
6.5.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 6.5.2 Market estimates
and forecast, by product, 2016 - 2024 (Kilo Tons)
(USD Million) 6.5.3 Market estimates and
forecast, by application, 2016 - 2024 (Kilo Tons)
(USD Million) 6.6 Latin America
6.6.1 Market estimates and forecast, 2016 - 2024
(Kilo Tons) (USD Million) 6.6.2 Market estimates
and forecast, by product, 2016 - 2024 (Kilo Tons)
(USD Million) 6.6.3 Market estimates and
forecast, by application, 2016 - 2024 (Kilo Tons)
(USD Million)
Chapter 7 Competitive Insights 7.1 Exxon
Mobil 7.2 Shell
7.3 British Petroleum 7.4 Total
7.5 Chevron
7.6 Fuchs Group 7.7 Pennzoil
7.8 Amsoil Inc. 7.9 Kendall (Phillips 66) 7.10
Valvoline
7.11 Castrol
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