Global Synthetic Lubricant Market Research Report- Forecast to 2027

Synthetic Lubricant Market Global Information-by Types (Silicones, Esters, PAO, PAG, and Others), Application (Engine Oil, Process Oil, Hydraulic Oil, Marine Lubricants, Metal Working Fluids, and Others), End user (Automobile, Construction, Power & Energy, Mining, Oil & Gas, Food Processing, and Others) and Region Forecast till 2027

ID: MRFR/CnM/2109-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2012-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Synthetic Lubricant Market


The Global Synthetic Lubricant is expected to witness a significant growth of USD ~ 39.34 billion by 2023 with CAGR of ~3.2% between 2016 and 2023


Synthetic lubricant consisting of chemical compounds which are artificially made, it is used as alternative for petroleum-refined oils when working in high temperature. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials.


Synthetic lubricant has found in various applications such as engine oil, process oil, hydraulic oil, marine lubricants, metal working fluids, and others. Increasing in demand of automotive is likely to drive the global synthetic lubricant market growth. The growing automobile, construction and power & energy industry on account of developing domestic as well as commercial market particularly in Asia-Pacific, North America and in Europe region has boosted the global synthetic lubricant market over the forecasted period.


Global Synthetic Lubricant Market (2016-2023) (USD Million) Global Synthetic Lubricant Market


Regional Analysis


Asia Pacific is the largest market of synthetic lubricant due to demand in various applications such as automotive, construction, and power & energy in China region followed by Japan. Increasing demand for automobile in the India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global synthetic lubricant market followed by increasing in the consumption of synthetic lubricant market in North America region. The third largest market of synthetic lubricant is Europe. Latin America and Middle East also witnessed in growth of synthetic lubricant market due to various application such as automobile, construction, power & energy, mining, oil & gas, food processing, and others.


Segmentation


The global synthetic lubricant market is majorly segmented on the basis of types, application, end users and region. Based on types of synthetic lubricant the market is segmented into silicones, esters, polyalphaolefin (PAO), polyalkylene-glycol-market-5081'>polyalkylene glycol (PAG), and others (alkylated aromatics, Polybutenes). Based on application of synthetic lubricant the market is segmented into engine oil, process oil, hydraulic oil, marine lubricants, metal working fluids, and others (compressor oils, gear oils, synthetic greases oils). Based on end user the market segmented into automobile, construction, power & energy, mining, oil & gas, food processing, and others (turbines, vacuum pumps, soap & paint industries). Furthermore, based on region, market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.


Key Players


Key players of the global synthetic lubricant market are Exxon Mobil Corporation (US), The DOW Chemical Company (US), Fuchs Petolub SE (Germany), Total Lubricants (Europe), Demitsu Kosan Co. Ltd (Japan), BP PLC (US), Chevron Corporation (US), Lubrizol Corporation (US), Pennzoil (US), Petroliam Nasional Berhad (Malaysia), and Others.


Geographic Analysis 


The report covers brief analysis of geographical region such as:


North America

  • US

  • CanadaEurope


Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Rest of Europe


APAC

  • China

  • India

  • Japan

  • Rest of Asia-Pacific


ROW

  • South America

  • Middle East

  • Africa


The report about Global Synthetic Lubricant Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.


Study Objectives of Synthetic Lubricant  Market:



  • To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Synthetic Lubricant Market

  • To understand the supply and demand dynamics including supply and consumption concentration mapping

  • To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries

  • To provide competitor positioning of the market

  • To provide company profiling of major players in the market along with their production and capacity

  • To provide regional trade analysis

  • To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market


Intended Audience

  • Synthetic lubricant manufacturers

  • Traders and distributors of Synthetic lubricant

  • Production Process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Frequently Asked Questions (FAQ) :


The global synthetic lubricant market is expected to touch a size of USD 39.34 billion by 2023.

The global synthetic lubricant market is predicted to expand at a CAGR of 3.2% from 2016 to 2023.

Rising demand of lubricants in the automotive sector is expected to drive the global synthetic lubricant market.

The APAC region is the best-performing region and will dominate the global synthetic lubricant market till 2023 owing to applications in construction, power & energy, and automotive sectors in China and Japan.

Fuchs Petolub SE, Chevron Corporation, Lubrizol Corporation, Pennzoil, BP PLC, Exxon Mobil Corporation, Total Lubricants, Demitsu Kosan Co. Ltd, Petroliam Nasional Berhad, The DOW Chemical Company, and others are key players of the global synthetic lubricants market.

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Synthetic Lubricant Market

5 Industry Overview of Global Synthetic Lubricant Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Synthetic Lubricant Market by Region

8. Global Synthetic Lubricant Market by Types (Silicones, esters, PAO, PAG, and Others)

9. Global Synthetic Lubricant Market by Application (Engine Oil, Process Oil, Hydraulic Oil, Marine Lubricants, Metal Working Fluids, and Others)

10. Global Synthetic Lubricant Market by End User (Automobile, Construction, Power & Energy, Mining, Oil & Gas, Food Processing, and Others)

11. Company Profiles

11.1 Exxon Mobil Corporation

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 The DOW Chemical Company

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Fuchs Petolub SE

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Total Lubricants

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Demitsu Kosan Co. Ltd

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 BP PLC

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Chevron Corporation

11.8.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Lubrizol Corporation.

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Pennzoil

11.8.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Petroliam Nasional Berhad

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020-2027) (Billion)

Table 2 Global Synthetic Lubricant Market: By Region, 2020-2027 (USD Billion)

Table 3 North America Synthetic Lubricant Market: By Country, 2020-2027 (USD Billion)

Table 4 Europe Synthetic Lubricant Market: By Country, 2020-2027 (USD Billion)

Table 5 Asia-Pacific Synthetic Lubricant Market: By Country, 2020-2027 (USD Billion)

Table 6 RoW Synthetic Lubricant Market: By Country, 2020-2027 (USD Billion)

Table 7 Global Synthetic Lubricant by Application Market: By Regions, 2020-2027 (USD Billion)

Table 8 North America Synthetic Lubricant by Application Market: By Country, 2020-2027 (USD Billion)

Table 9 Europe Synthetic Lubricant by Application Market: By Country, 2020-2027 (USD Billion)

Table10 Asia-Pacific Synthetic Lubricant by Application Market: By Country, 2020-2027 (USD Billion)

Table11 RoW Synthetic Lubricant by Application Market: By Country, 2020-2027 (USD Billion)

Table12 North America Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table13 Europe Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table14 Asia-Pacific Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table15 RoW Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table16 Global Synthetic Lubricant for End User Market: By Region, 2020-2027 (USD Billion)

Table17 North America Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table18 Europe Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table19 Asia-Pacific Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table20 RoW Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table21 RoW Synthetic Lubricant for End User Market: By Country, 2020-2027 (USD Billion)

Table22 Global Application Market: By Region, 2020-2027 (USD Billion)

Table23 Global End User Market: By Region, 2020-2027 (USD Billion)

Table24 North America Synthetic Lubricant Market, By Country (USD Billion)

Table25 North America Synthetic Lubricant Market, By Application (Billion USD)

Table26 North America Synthetic Lubricant Market, By End User (Billion USD)

Table27 Europe: Synthetic Lubricant Market, By Country (USD Billion)

Table28 Europe: Synthetic Lubricant Market, By Application (USD Billion)

Table29 Europe: Synthetic Lubricant Market, By End User (USD Billion)

Table30 Asia-Pacific: Synthetic Lubricant Market, By Country (USD Billion)

Table31 Asia-Pacific: Synthetic Lubricant Market, By Application (USD Billion)

Table32 Asia-Pacific: Synthetic Lubricant Market, By End User (USD Billion)

Table33 RoW: Synthetic Lubricant Market, By Country (USD Billion)

Table34 RoW Synthetic Lubricant Market, By Application (USD Billion)

Table35 RoW: Synthetic Lubricant Market, By End User (USD Billion)



LIST OF FIGURES

FIGURE 1 Global Synthetic Lubricant Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Synthetic Lubricant Market

FIGURE 4 Value Chain of Global Synthetic Lubricant Market

FIGURE 5 Share of Global Synthetic Lubricant Market in 2020, by country (in %)

FIGURE 6 Global Synthetic Lubricant Market, 2020-2027, (USD billion)

FIGURE 7 Sub-segments of End Users

FIGURE 8 Global Synthetic Lubricant Market size by End User, 2020

FIGURE 9 Share of Global Synthetic Lubricant Market by End User, 2020-2027

FIGURE 10 Global Synthetic Lubricant Market size by Application, 2027

FIGURE 11 Share of Global Synthetic Lubricant Market by Application, 2020-2027