Press release
PAG Synthetic Lubricants Market Size, Share, Development by 2023
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. One of the most versatile types of synthetics is polyalkylene glycol (PAG) lubricants. PAGs are generally known as compressor lubricants, and their use in industry has increased since the 1980s. Increasing performance standards in the automotive and industrial markets peg these sectors as areas that show promise for growth.
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Global PAG Synthetic Lubricants Market: Forecast by Type / Application / Region
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 worldwide market for PAG Synthetic Lubricants is expected to grow at a CAGR of roughly x% over the next five years, will reach x million US$ in 2023, from x million US$ in 2017, according to a new GIR (Global Info Research) study.
This report focuses on the PAG Synthetic Lubricants in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Nonferrous Metal Recycling Market:Key Players
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
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Related Information:
United States PAG Synthetic Lubricants Market 2018 Forecast to 2023
Europe PAG Synthetic Lubricants Market 2018 Forecast to 2023
North America PAG Synthetic Lubricants Market 2018 Forecast to 2023
Asia-Pacific PAG Synthetic Lubricants Market 2018 Forecast to 2023
China PAG Synthetic Lubricants Market 2018 Forecast to 2023
EMEA PAG Synthetic Lubricants Market 2018 Forecast to 2023
Global PAG Synthetic Lubricants Market 2018 Forecast to 2023
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