Synthetic Lubricants Market - Forecast(2021 - 2026)

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Synthetic Lubricants MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 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. 

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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.

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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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• Synthetic Lubricants Market Industry Outlook 
• Exxon Mobil,
• Shell,
• British Petroleum,
• Total, Chevron,
• Fuchs Group,
• Pennzoil.

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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
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• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
Inquiry Before Buying
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