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Synthetic Lubricants & Functional Fluids Market Likely to Emerge over a Period of 2018-2025 with Key Players: Exxon Mobil, Prestone Products, Royal Dutch Shell, AMSOIL Incorporated and More

04-18-2019 09:48 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Contact: David C 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 H

Contact: David C 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: +1-800-792-5285 UK: +44-845-528-1300 H

Synthetic lubricants & functional fluids are manufactured using chemically modified petroleum components such as glycols, polyalphaolefins, esters, group III & IV base oils, aromatics, silicone fluids, and others. They possess high viscosity indexes, high temperature stability, low pouring points, and low traction coefficients, which make them superior to the conventional mineral oils. Superior performance is attainable using synthetic lubricants and functional fluids over conventional mineral oil in terms of low friction, high temperature performance, and higher load carrying capacity.

The major players profiled in this study include Exxon Mobil, Prestone Products, Royal Dutch Shell, AMSOIL Incorporated , Ashland Incorporated, Autoparts Holdings Limited, BASF SE, Chevron Corporation, CLC Lubricants Company, Warren Oil Company Incorporated.

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Superior properties of synthetic lubricants & functional fluids over conventional minerals is the key factor that drives the market growth.
Increase in demand for higher fuel economy fuels the use of high-quality motor and gear oils. Thus, requirement of high-performance products, reduced maintenance, minimal disposal problems, and stringent environmental regulations for CO2 emissions further accelerates the market growth. Increase in pace of industrialization is expected to provide new opportunities for the market players. However, high cost of synthetic lubricants & functional fluids hampers the market growth.

The global synthetic lubricants & functional fluids market is segmented on the basis of product, synthetic base stock, end-use industry, and geography. The market segmented based on product includes engine oils, transmission & hydraulic fluids, antifreeze & deicing fluids, metalworking fluids, heat transfer fluids, and dielectric fluids. By synthetic base stock, the market is categorized into glycols, polyalphaolefins, esters, group III & IV base oils, aromatics, silicone fluids, and others. According to end-use industry, it is divided into automotive, aerospace, metals, industrial machinery, power generation, construction, process industry, and others. The report analyzes the market trends in different geographies, which include North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits

• The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global synthetic lubricants & functional fluids market to elucidate the prevailing opportunities and potential investment pockets.
• It offers qualitative trends and quantitative analysis for the period of 20162023 to assist stakeholders to understand the market scenario.
• In-depth analysis of the key segments demonstrates the product of synthetic lubricants & functional fluids and its end-use industry.
• Competitive intelligence of the industry highlights the business practices followed by key players across geographies.
• The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David C
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

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