Market Research Logo

Global Synthetic Lubricants Market 2017-2021

Global Synthetic Lubricants Market 2017-2021

About Synthetic Lubricants

Increasing automation in the manufacturing and processing industries drives the consumption of high-performance lubricants. Long-lasting synthetic lubricants can withstand high temperature, pressure, and friction. Growing focus on energy efficiency and cleanliness drive the demand for synthetic lubricants in industries. Synthetic lubricants are oil-based and are made of various chemical compounds that are synthetically produced. The synthetic lubricants vary in their properties and compositions of chemicals and oils. They can be made from petroleum and petrochemical components that have unique chemical properties. Bio-based raw materials can also be used for producing synthetic lubricants.

Technavio’s analysts forecast the global synthetic lubricants market to grow at a CAGR of 3.17% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global synthetic lubricants market 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Synthetic Lubricants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BP
  • Chevron
  • Exxon Mobil
  • Royal Dutch Shell
  • Total
Other prominent vendors
  • FUCHS
  • Idemitsu Kosan
  • Gulf Oil India
  • Lubrication Engineers
  • The Dow Chemical Company
Market driver
  • Increase in process automation
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating prices of raw materials
  • For a full, detailed list, view our report
Market trend
  • Emergence of bio-based environment-friendly lubricants
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Synthetic Lubricants Market 2017-2021

Technavio recognizes the following companies as the key players in the global synthetic lubricants market: BP, Chevron, Exxon Mobil, Royal Dutch Shell, and Total.

Other Prominent Vendors in the market are: FUCHS, Idemitsu Kosan, Gulf Oil India, Lubrication Engineers, and The Dow Chemical Company.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of bio-based environment-friendly lubricants. The development of bio-based and environment-friendly lubricants is a significant trend in the global synthetic lubricants market. Several tons of lubricants are deposited in soil and water streams because of careless disposal and leakages. Inefficient disposal has led to the emergence of various health-related issues.”

According to the report, one of the major drivers for this market is Government initiatives for industrial development. Governments across the world undertake initiatives to accelerate industrial growth. In 2016, the European Commission (EC) initiated attempts to ensure growth by creating jobs in Europe by commissioning a new policy that favors industries such as automotive, cement, steel, and oil and gas. Funds were allocated for the development of technologies (across these industries) to accomplish cost effectiveness and process efficiency.

Further, the report states that one of the major factors hindering the growth of this market is Challenges associated with conventional PAGs. PAG includes a wide range of polymers and is largely used in lubricants. It is extensively used in applications where hydrocarbon and mineral oils do not yield effective results. The industry is researching on solutions for reducing friction in equipment.

Companies Mentioned

BP, Chevron, Exxon Mobil, Royal Dutch Shell, Total, FUCHS, Idemitsu Kosan, Gulf Oil India, Lubrication Engineers, and The Dow Chemical Company.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Advantages, disadvantages, and applications of numerous types of syntheticlubricants
      • Table Properties of synthetic lubricants
  • Market landscape
    • Market size and forecast
      • Table Global synthetic lubricants market 2016 and 2021 ($ millions)
      • Table Market forecast: Global synthetic lubricants market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global synthetic lubricants market by type
      • Table Global synthetic lubricants market by type 2016 (% share of revenue)
      • Table Global synthetic lubricants market by type 2021 (% share of revenue)
      • Table Advantages of synthetic lubricants base types
    • Global synthetic lubricants market by PAO segment
      • Table Global synthetic lubricants market by PAO segment 2016 and 2021 ($ millions)
      • Table Production process of PAO
      • Table Key properties of PAO
      • Table Global synthetic lubricants market by PAO segment 2016-2021
    • Global synthetic lubricants market by esters segment
      • Table Global synthetic lubricants market by esters 2016 and 2021 ($ millions)
      • Table Production process of esters
      • Table Key strengths of diesters and polyol esters
      • Table Key properties of esters
      • Table Global synthetic lubricants market by esters 2016-2021
    • Global synthetic lubricants market by PAG segment
      • Table Global synthetic lubricants market by PAG segment 2016 and 2021 ($ millions)
      • Table Production process of PAG
      • Table Key properties of PAG
      • Table Global synthetic lubricants market by PAG segment 2016-2021
  • Market segmentation by application
    • Global synthetic lubricants market by application
      • Table Global synthetic lubricants market by application 2016 (% share of revenue)
      • Table Global synthetic lubricants market by application 2021 (% share of revenue)
    • Global synthetic lubricants market by engine oils segment
      • Table Global synthetic lubricants market by engine oils segment 2016 and 2021 ($millions)
      • Table Advantages of synthetic engine oils
      • Table Global synthetic lubricants market by engine oils segment 2016-2021
    • Global synthetic lubricants market by heat transfer fluids segment
      • Table Global synthetic lubricants market by heat transfer fluids segment 2016 and 2021 ($millions)
      • Table Global synthetic lubricants market by heat transfer fluids 2016-2021
    • Global synthetic lubricants market by transmission fluids segment
      • Table Global synthetic lubricants market by transmission fluids segment 2016 and 2021 ($millions)
      • Table Advantages of synthetic transmission fluids
      • Table Global synthetic lubricants market by transmission fluids segment 2016-2021
    • Global synthetic lubricants market by metalworking fluids segment
      • Table Global synthetic lubricants market by metalworking fluids segment 2016 and 2021($ millions)
      • Table Advantages of synthetic metalworking fluids
      • Table Global synthetic lubricants market by metalworking fluids segment 2016-2021
    • Global synthetic lubricants market by others segment
      • Table Global synthetic lubricants market by others segment 2016 and 2021 ($ millions)
      • Table Global synthetic lubricants market by others segment 2016-2021
  • Geographical segmentation
    • Global synthetic lubricants market by geography
      • Table Global synthetic lubricants market by geography 2016 (% share of revenue)
      • Table Synthetic lubricants market by geography 2021 (% share of revenue)
    • Synthetic lubricants market in EMEA
      • Table Synthetic lubricants market in EMEA 2016 and 2021 ($ millions)
      • Table Synthetic lubricants market in EMEA 2016-2021
    • Synthetic lubricants market in Americas
      • Table Synthetic lubricants market in Americas 2016 and 2021 ($ millions)
      • Table Synthetic lubricants market in Americas 2016-2021
    • Synthetic lubricants market in APAC
      • Table Synthetic lubricants market in APAC 2016 and 2021 ($ millions)
      • Table Synthetic lubricants market in APAC 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Versatile properties of PAG-based lubricants
      • Table Influence of government initiatives on synthetic lubricants market
    • Market challenges
  • Market trends
    • Emergence of bio-based environment-friendly lubricants
    • Rising number of industry-specific products
    • Growing demand for synthetic lubricants in APAC
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors in global synthetic lubricants market
    • Other prominent vendors
      • Table Global synthetic lubricants market: Other prominent vendors
  • Key vendor analysis
    • BP
      • Table BP: Business segmentation by revenue 2016 (% share)
      • Table BP: Geographical segmentation by revenue 2016 (% share)
    • Chevron
      • Table Chevron Corporation: Business segmentation by revenue 2016 (% share)
      • Table Chevron: Geographical segmentation by revenue 2016 (% share)
    • Exxon Mobil
      • Table Exxon Mobil: Business segmentation by revenue 2016 (% share)
      • Table Exxon Mobil: Geographical segmentation by revenue 2016 (% share)
    • Royal Dutch Shell
      • Table Royal Dutch Shell: Business segmentation by revenue 2016 (% share)
    • Total
      • Table Total: Business segmentation by revenue 2016 (% share)
      • Table Total: Geographical segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report