Synthetic oil is a lubricant consisting of chemical compounds that are artificially made. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials. Polyalphaolefin is by far the most common major synthetic base oil used in industrial and automotive lubricants.
Synthetic lubricants provide numerous benefits when used for automotive applications such as excellent thermal stability and low friction. Rising awareness regarding the advantages of the product, as opposed to its mineral counterparts, will augment industry growth over the forecast period. A major application of synthetic lubricants is their use as heat transfer fluids in heavy machinery and heat exchangers. Rising industrial sector in Asia Pacific countries will propel product demand over the forecast period.
The engine oil application segment is leading the synthetic lubricants market. This is owed to the rapid growth of the automotive industry in the Asia-Pacific region. The increasing demand of automobiles can be attributed to the increasing disposable income of people and industrial growth in this region. This growth in the automotive industry ultimately contributes to the growth of PAG-based lubricants in the Asia-Pacific region.
In 2019, the market size of PAO Synthetic Lubricants is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for PAO Synthetic Lubricants.
This report studies the global market size of PAO Synthetic Lubricants, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the PAO Synthetic Lubricants production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ExxonMobil
Shell
BP
Chevron
Total
Idemitsu Kosan
BASF
Fuchs
Ashland Valvoline
JX Group
Lukoil
Petronas
Chemtura
Amsoil
Pertamina
CNPC
Sinopec
Delian Group
Original Chemical
LOPAL
GAOKE PETROCHEMICAL
COPTON
Market Segment by Product Type
100%
Others
Market Segment by Application
Engine Oil
Heat Transfer Fluids (HTF)
Transmission Fluids
Metalworking Fluids
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the PAO Synthetic Lubricants status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key PAO Synthetic Lubricants manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of PAO Synthetic Lubricants are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on PAO Synthetic Lubricants. Industry analysis & Market Report on PAO Synthetic Lubricants is a syndicated market report, published as Global (United States, European Union and China) PAO Synthetic Lubricants Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of PAO Synthetic Lubricants market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.