Synthetic Lubricants Market - Forecast(2021 - 2026) - PowerPoint PPT Presentation

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Synthetic Lubricants Market - Forecast(2021 - 2026)

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Synthetic Lubricants Market size is forecast to reach $40 billion by 2025, after growing at a CAGR of 3.2% during 2020-2025. The rising automotive industry and industrialization globally are driving the demand for synthetic lubricants. The introduction of environmental legislation in the automotive sector to minimize carbon emissions is expected to improve the demand of synthetic lubricants and provide a range of opportunities for synthetic lubricants manufacturers. The use of synthetic lubricants is growing due to their properties, such as water solubility, high viscosity indexes and biodegradability. However, high cost is a significant restriction observed in the market for synthetic lubricants. – PowerPoint PPT presentation

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Title: Synthetic Lubricants Market - Forecast(2021 - 2026)


1
Synthetic Lubricants MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • Synthetic Lubricants Market size is forecast to
    reach 40 billion by 2025, after growing at
    a CAGR of 3.2 during 2020-2025. 
  • The rising automotive industry and
    industrialization globally are driving the demand
    for synthetic lubricants. The introduction of
    environmental legislation in the automotive
    sector to minimize carbon emissions is expected
    to improve the demand of synthetic lubricants and
    provide a range of opportunities for synthetic
    lubricants manufacturers. 

Inquiry Before Buying
Email sales_at_industryarc.com
3

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Key Takeaways
  • Europe dominates the market in 2019, owning to
    massive industrial growth and government policies
    and initiatives supporting manufacturing sectors.
  • The superior performance of synthetic lubricants
    over their mineral equivalents in terms of high
    temperature operating range, low friction and
    higher load carrying capacity will further fuel
    their demand.

Inquiry Before Buying
Email sales_at_industryarc.com
4
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By Distribution Channel- Segment
Analysis According to OICA, the production of
light commercial vehicles has augmented by 10.2
in 2018 in the APAC region. According to the
International Trade Administration (ITA), China
is the worlds largest vehicle market and the
Chinese government is expecting that automobile
production will reach 35 million by 2025. 
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Email sales_at_industryarc.com
5
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  • Synthetic Lubricants Market Industry Outlook 
  • Exxon Mobil,
  • Shell,
  • British Petroleum,
  • Total, Chevron,
  • Fuchs Group,
  • Pennzoil.

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Email sales_at_industryarc.com
6
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Synthetic Lubricants Market - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Report/16281/synthetic
-lubricants-market.html
Inquiry Before Buying
Email sales_at_industryarc.com
7
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /purchasereport.php?id16281

Inquiry Before Buying
Email sales_at_industryarc.com
8
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
Inquiry Before Buying
Email sales_at_industryarc.com
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