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Synthetic Lubricants Market - Global Outlook & Forecast 2022-2027

Publisher Arizton Advisory and Intelligence
Published Mar 24, 2022
Length 301 Pages
SKU # ARZ17043166

Description

Synthetic Lubricants Market - Global Outlook & Forecast 2022-2027

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Synthetic Lubricants Market Report

The global synthetic lubricants market is expected to witness stagnant growth during the forecast period. The consumption of synthetic lubricants is majorly driven by automotive and transport sector.

The synthetic lubricants market is expected to grow at a CAGR of 3.48% during 2021-2027

MARKET OPPORTUNITIES AND TRENDS
  • Increasing Demand for Reduction in Emission
  • Demand For Higher Fuel Economy Vehicle
  • Increasing Demand for High-Performance Lubricants
GLOBAL SYNTHETIC LUBRICANTS MARKET SEGMENTATION

Automotive and transportation are the largest segment by end-use. Automotive and transportation synthetic lubricants accounted for 32.20% market share in 2021. The automotive and transportation segment is expected to register a CAGR of 3.76% during the forecast period. Advantages driving the demand for synthetic lubricants in this segment are wear and tear prevention, reduced friction, proper heat dissipation, oxidation and corrosion prevention, component stress relieving, and maintaining proper engine functionality.

Segmentation by Application
  • Engine Oil
  • Transmission Fluids & Hydraulic Fluids
  • Metalworking Fluids
  • Greases
  • Others
Segmentation by End-user
  • Power Generation
  • Automotive & Transportation
  • Heavy Equipment
  • Food & Beverage
  • Other
Segmentation by Type
  • Polyalphaolefin
  • Esters
  • Polyalkylene Glycol
VENDOR ANALYSIS

1. Shell (US), ExxonMobil (US), British Petroleum (UK), Chevron (US), and Sinopec (China) are some of the key players in the synthetic lubricants market. The market is largely commoditized, with price serving as a significant differentiator. Manufacturers are constantly involved in developing new and sustainable products as per customer requirements and safeguard environment as well.

2. Some Developments:
  • The FUCHS Group, had signed an agreement to acquire the lubricants business of Gleitmo Technik AB, and is expected to integrate it into its subsidiary FUCHS
LUBRICANTS SWEDEN AB.
  • Sinopec entered into the South African market by acquiring a majority stake in Chevron’s lubricant facility.
  • Shell Indonesia announced investment to double the production capacity of its lubricants oil blending plant (LOBP) located in Jakarta, Indonesia. When completed the plant would produce up to 300 million litres of finished lubricants, annually.
Key Vendors
  • Royal Dutch Shell
  • ExxonMobil
  • British Petroleum
  • Chevron
  • Sinopec
Other Prominent Vendors
  • Total Energies
  • Fuchs
  • Idemitsu Kosan
  • Lukoil
  • Petronas
  • Indian Oil
  • Dow
  • Morris Lubricants
  • Sasol
  • Valvoline
  • Penrite oil
  • Bharat Petroleum
  • Liqui Moly
  • Peak Lubricants
  • Amalie Oil
  • Eni
  • Addinol
  • Engen Petroleum
  • Croda International
  • Petro-Canada Lubricants
GEOGRAPHICAL ANALYSIS

APAC is the leading market for synthetic lubricants. The region accounted for 45% market share in 2021. The growth in the region is associated with the increasing demand for automotive and high-performance industrial machinery and equipment. APAC region consists of emerging as well as developed economies such as Japan, China, India, South Korea, and Australia. These countries have considerable demand for automotive, agricultural, and construction vehicles. APAC region is also a hub for the growth of new industrial developments such as advanced manufacturing, smart cities, smart construction, and so on.

Segmentation by Geography
  • North America
  • US
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
THE REPORT INCLUDES:

1. The analysis of the global Synthetic Lubricants market size and growth rate for the forecast period 2022-2027.

2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global Synthetic Lubricants market.

3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.

4. It offers a complete overview of market segments and the regional outlook of the Synthetic Lubricants market.

5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.

Table of Contents

301 Pages
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 OVERVIEW
7.1.1 INCREASED SUPPLY FROM APAC
8 MARKET OPPORTUNITIES & TRENDS
8.1 INCREASING DEMAND FOR REDUCTION IN EMISSION
8.2 DEMAND FOR HIGHER FUEL ECONOMY VEHICLES
8.3 INCREASING DEMAND FOR HIGH-PERFORMANCE LUBRICANTS
9 MARKET GROWTH ENABLERS
9.1 GROWING USE IN AUTOMOTIVE SECTOR
9.2 INCREASING USE IN WIND TURBINE INDUSTRY
9.3 RISING USE IN ELECTRIC VEHICLES
10 MARKET GROWTH RESTRAINTS
10.1 EMERGENCE OF BIO-BASED LUBRICANTS
10.2 HIGH COST OF SYNTHETIC LUBRICANTS
11 MARKET LANDSCAPE
11.1 MARKET OVERVIEW
11.2 MARKET SIZE & FORECAST
11.2.1 VALUE & VOLUME
11.3 FIVE FORCES ANALYSIS
11.3.1 THREAT OF NEW ENTRANTS
11.3.2 BARGAINING POWER OF SUPPLIERS
11.3.3 BARGAINING POWER OF BUYERS
11.3.4 THREAT OF SUBSTITUTES
11.3.5 COMPETITIVE RIVALRY
11.4 REGULATORY OUTLOOK
11.5 IMPACT OF COVID-19
12 APPLICATION
12.1 MARKET SNAPSHOT & GROWTH ENGINE
12.2 MARKET OVERVIEW
12.3 ENGINE OIL
12.3.1 MARKET OVERVIEW
12.3.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
12.3.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
12.4 TRANSMISSION FLUIDS & HYDRAULIC FLUIDS
12.4.1 MARKET OVERVIEW
12.4.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
12.4.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
12.5 METALWORKING FLUIDS
12.5.1 MARKET OVERVIEW
12.5.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
12.5.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
12.6 GREASE
12.6.1 MARKET OVERVIEW
12.6.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
12.6.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
12.7 OTHERS
12.7.1 MARKET OVERVIEW
12.7.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
12.7.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
13 END-USER
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 POWER GENERATION
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.3.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
13.4 AUTOMOTIVE & TRANSPORTATION
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.4.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
13.5 HEAVY EQUIPMENT
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.5.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
13.6 FOOD & BEVERAGE
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.6.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
13.7 OTHERS
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
13.7.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
14 TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 POLYALPHAOLEFIN (PAO)
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.3.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
14.4 POLYALKYLENE GLYCOL (PAG)
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.4.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
14.5 ESTERS
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST (VALUE & VOLUME)
14.5.3 MARKET BY GEOGRAPHY (VALUE & VOLUME)
15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 GEOGRAPHIC OVERVIEW
16 NORTH AMERICA
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.2.1 VALUE & VOLUME
16.3 APPLICATION
16.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
16.4 END-USER
16.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
16.5 TYPE
16.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
16.6 KEY COUNTRIES
16.6.1 US: MARKET SIZE & FORECAST
16.6.2 CANADA: MARKET SIZE & FORECAST
17 LATIN AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.2.1 VALUE & VOLUME
17.3 APPLICATION
17.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.4 END-USER
17.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.5 TYPE
17.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.6 KEY COUNTRIES
17.6.1 BRAZIL: MARKET SIZE & FORECAST
17.6.2 MEXICO: MARKET SIZE & FORECAST
18 MIDDLE EAST & AFRICA
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.2.1 VALUE & VOLUME
18.3 APPLICATION
18.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.4 END-USER
18.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.5 TYPE
18.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.6 KEY COUNTRIES
18.6.1 SAUDI ARABIA: MARKET SIZE & FORECAST
18.6.2 UAE: MARKET SIZE & FORECAST
18.6.3 SOUTH AFRICA: MARKET SIZE & FORECAST
19 APAC
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.2.1 VALUE & VOLUME
19.3 APPLICATION
19.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.4 END-USER
19.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.5 TYPE
19.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.6 KEY COUNTRIES
19.6.1 CHINA: MARKET SIZE & FORECAST
19.6.2 INDIA: MARKET SIZE & FORECAST
19.6.3 JAPAN: MARKET SIZE & FORECAST
19.6.4 SOUTH KOREA: MARKET SIZE & FORECAST
19.6.5 INDONESIA: MARKET SIZE & FORECAST
20 EUROPE
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.2.1 VALUE & VOLUME
20.3 APPLICATION
20.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.4 END-USER
20.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.5 TYPE
20.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.6 KEY COUNTRIES
20.6.1 GERMANY: MARKET SIZE & FORECAST
20.6.2 UK: MARKET SIZE & FORECAST
20.6.3 FRANCE: MARKET SIZE & FORECAST
20.6.4 ITALY: MARKET SIZE & FORECAST
20.6.5 SPAIN: MARKET SIZE & FORECAST
21 COMPETITIVE LANDSCAPE
21.1 COMPETITION OVERVIEW
22 KEY COMPANY PROFILES
22.1 ROYAL DUTCH SHELL (SHELL)
22.1.1 BUSINESS OVERVIEW
22.1.2 SHELL IN SYNTHETIC LUBRICANTS MARKET
22.1.3 PRODUCT OFFERINGS
22.1.4 KEY STRATEGIES
22.1.5 KEY STRENGTHS
22.1.6 KEY OPPORTUNITIES
22.2 EXXONMOBIL
22.2.1 BUSINESS OVERVIEW
22.2.2 EXXONMOBIL IN SYNTHETIC LUBRICANTS MARKET
22.2.3 PRODUCT OFFERINGS
22.2.4 KEY STRATEGIES
22.2.5 KEY STRENGTHS
22.2.6 KEY OPPORTUNITIES
22.3 BRITISH PETROLEUM
22.3.1 BUSINESS OVERVIEW
22.3.2 BRITISH PETROLEUM IN SYNTHETIC LUBRICANTS MARKET
22.3.3 PRODUCT OFFERINGS
22.3.4 KEY STRATEGIES
22.3.5 KEY STRENGTHS
22.3.6 KEY OPPORTUNITIES
22.4 CHEVRON
22.4.1 BUSINESS OVERVIEW
22.4.2 CHEVRON IN SYNTHETIC LUBRICANTS MARKET
22.4.3 PRODUCT OFFERINGS
22.4.4 KEY STRATEGIES
22.4.5 KEY STRENGTHS
22.4.6 KEY OPPORTUNITIES
22.5 SINOPEC
22.5.1 BUSINESS OVERVIEW
22.5.2 SINOPEC IN SYNTHETIC LUBRICANTS MARKET
22.5.3 PRODUCT OFFERINGS
22.5.4 KEY STRATEGIES
22.5.5 KEY STRENGTHS
22.5.6 KEY OPPORTUNITIES
23 OTHER PROMINENT PLAYERS
23.1 TOTAL ENERGIES
23.1.1 BUSINESS OVERVIEW
23.1.2 PRODUCT OFFERINGS
23.2 FUCHS
23.2.1 BUSINESS OVERVIEW
23.2.2 PRODUCT OFFERINGS
23.3 IDEMITSU KOSAN
23.3.1 BUSINESS OVERVIEW
23.3.2 PRODUCT OFFERINGS
23.4 LUKOIL
23.4.1 BUSINESS OVERVIEW
23.4.2 PRODUCT OFFERINGS
23.5 PETRONAS
23.5.1 BUSINESS OVERVIEW
23.5.2 PRODUCT OFFERINGS
23.6 INDIAN OIL
23.6.1 BUSINESS OVERVIEW
23.6.2 PRODUCT OFFERINGS
23.7 DOW
23.7.1 BUSINESS OVERVIEW
23.7.2 PRODUCT OFFERINGS
23.8 MORRIS LUBRICANTS
23.8.1 BUSINESS OVERVIEW
23.8.2 PRODUCT OFFERINGS
23.9 SASOL
23.9.1 BUSINESS OVERVIEW
23.9.2 PRODUCT OFFERINGS
23.10 VALVOLINE
23.10.1 BUSINESS OVERVIEW
23.10.2 PRODUCT OFFERINGS
23.11 PENRITE OIL
23.11.1 BUSINESS OVERVIEW
23.11.2 PRODUCT OFFERINGS
23.12 BHARAT PETROLEUM
23.12.1 BUSINESS OVERVIEW
23.12.2 PRODUCT OFFERINGS
23.13 LIQUI MOLY
23.13.1 BUSINESS OVERVIEW
23.13.2 PRODUCT OFFERINGS
23.14 PEAK LUBRICANTS
23.14.1 BUSINESS OVERVIEW
23.14.2 PRODUCT OFFERINGS
23.15 AMALIE OIL
23.15.1 BUSINESS OVERVIEW
23.15.2 PRODUCT OFFERINGS
23.16 ENI
23.16.1 BUSINESS OVERVIEW
23.16.2 PRODUCT OFFERINGS
23.17 ADDINOL
23.17.1 BUSINESS OVERVIEW
23.17.2 PRODUCT OFFERINGS
23.18 ENGEN PETROLEUM
23.18.1 BUSINESS OVERVIEW
23.18.2 PRODUCT OFFERINGS
23.19 CRODA INTERNATIONAL
23.19.1 BUSINESS OVERVIEW
23.19.2 PRODUCT OFFERINGS
23.20 PETRO-CANADA LUBRICANTS
23.20.1 BUSINESS OVERVIEW
23.20.2 PRODUCT OFFERINGS
24 REPORT SUMMARY
24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS
25 QUANTITATIVE SUMMARY
25.1 APPLICATION
25.1.1 ENGINE OIL
25.1.2 TRANSMISSION FLUIDS AND HYDRAULIC FLUIDS
25.1.3 METALWORKING FLUIDS
25.1.4 GREASE
25.1.5 OTHERS
25.2 TYPE
25.2.1 POLYALPHAOLEFIN
25.2.2 ESTERS
25.2.3 POLYALKYLENE GLYCOL
25.3 END-USER
25.3.1 POWER GENERATION
25.3.2 AUTOMOTIVE AND TRANSPORTATION
25.3.3 HEAVY EQUIPMENT
25.3.4 FOOD & BEVERAGE
25.3.5 OTHERS
26 GEOGRAPHY
26.1 NORTH AMERICA
26.1.1 APPLICATION
26.1.2 END-USER
26.1.3 TYPE
26.2 EUROPE
26.2.1 APPLICATION
26.2.2 END-USER
26.2.3 TYPE
26.3 APAC
26.3.1 APPLICATION
26.3.2 END-USER
26.3.3 TYPE
26.4 LATIN AMERICA
26.4.1 APPLICATION
26.4.2 END-USER
26.4.3 TYPE
26.5 MIDDLE EAST & AFRICA
26.5.1 APPLICATION
26.5.2 END-USER
26.5.3 TYPE
27 APPENDIX
27.1 ABBREVIATIONS

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