Synthetic Lubricants Market Projected to Surpass $45.48 Billion globally by 2026 | Top Key Players - DOW Chemical, Fuchs Group, Royal Dutch Shell, British Petroleum (BP), Pennzoil, Total SA, Exxonmobil

Global Synthetic Lubricants Market research report 2019 - 2026 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

Overview of the Global Synthetic Lubricants Market:

The report spread across 179 pages is an overview of the Global Synthetic Lubricants Market. These report study based on the Synthetic Lubricants Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Synthetic Lubricants Market is accounted for $28.32 Billion in 2017 and is expected to reach $45.48 Billion by 2026 growing at a CAGR of 5.4% from 2017 to 2026.

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The major key factors such as increase in automotive industry and Vehicle Park are propelling the market growth. However, rise in demand for alternative fuels is restricting the market growth. Advancements in synthetic lubricants technologies are creating ample opportunities for the market growth.

As per the market analysis, Synthetic lubricants are composed of synthetic base oil, thickeners and additives that provide oil lubricants and grease numerous performance advantages in comparison to the conventional mineral based lubricants. Synthetic oil is a lubricant comprising of chemical products that are produced artificially. They are manufactured from chemically modified petroleum products and can be synthesized from various raw materials. It provides superior mechanical and chemical properties to those found in traditional mineral oils. Synthetic oil acts as a substitute for lubricant refined from petroleum when operating in extreme temperatures.

In terms of the Application, the engine oil segment is mainly driven by the growing automotive industry, which includes personal vehicles and high cargo transportation. Engine oil is mainly used in automobiles to reduce metal-to-metal contact and minimize overall friction and reduce damage. This dominance is also attributed to the rapid growth of the automotive industry, especially in the Asia Pacific region.

This comprehensive Synthetic Lubricants Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 DOW Chemical Company

2 Fuchs Group

3 Sinopec Limited

4 Royal Dutch Shell PLC

5 Indian Oil Corporation Ltd.

6 British Petroleum (BP) PLC

7 Pennzoil

8 Total SA

9 Petroliam Nasional Berhad

10 Exxonmobil Corporation and More…………….

Market Segment by Types:

1 Esters

2 Polyalphaolefin (PAO)

3 Polyalkylene Glycol (PAG)

4 Group III (Hydrocracking)

5 Silicones

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Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Synthetic Lubricants Market, By Type

6 Global Synthetic Lubricants Market, By Application

7 Global Synthetic Lubricants Market, By End User

8 Global Synthetic Lubricants Market, By Geography

9 Key Developments

10 Company Profiling

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