Press release
Global Synthetic Lubricants Market Size, Share, Demands, Covid-19 Impact and Key Players Chevron Corporation, Exxon Mobil Corporation, Castrol India Limited, British Petroleum, Indian Oil Corporation, Fuchs Petrolub, Royal Dutch Shell, Gulf Oil Lubricants
The Global Synthetic Lubricants Market valued at USD 33.7 billion in the year 2020, witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, as well as growing consumer awareness about product quality. The continuous rise in demand of automotive sector in Asia Pacific region is driving the demand of industrial products from last few years. The recent technology promises substantial reduction in maintenance costs, which is why it is received by a significantly large number of buyers hailing from diverse industrial backgrounds.Owing to low production cost in Asian countries backed with rising industrialisation, manufacturers are investing in economies such as India and China which is propelling the market growth.
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Positive outlook towards automotive and industrial sector coupled with rapid industrialisation across developed and emerging economies will drive the Synthetic Lubricants market size. Additionally, due to expectation of rise in consumer demand and investment by public and private sector in small and medium scale industries anticipated to drive the market of global Synthetic Lubricants in future. Additionally, growth in the automotive industry due to technological advancements, rise in population, and increase in consumer goods demand are major factors expected to drive the Synthetic Lubricants market during the forecast period.
Motor oil, engine oil, or engine lubricant is any one of various substances that consist of base oils enhanced with various additives, particularly antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index improvers. Motor oil is used for lubrication of internal combustion engines. Synthetic lubricants can increase efficiency levels while reducing the amount of power needed to maintain consistent processing.
Scope of the Report
- The report analyses the Synthetic Lubricants Market by Product Type (Engine Oil, Metalworking Fluids, Hydraulic Fluids, Transmission Fluids, Compressor Oil, Gear Oil, Others).
- The report analyses the Synthetic Lubricants Market by End User (Automotive, Industrial, Energy, Chemical Manufacturing, Others).
- The Synthetic Lubricants Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Germany, France, United Kingdom, China, Japan, India, South Korea).
- Also, the attractiveness of the market has been presented by region, Product Type, End User. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Chevron Corporation, Exxon Mobil Corporation, Castrol India Limited, British Petroleum, Indian Oil Corporation, Fuchs Petrolub, Royal Dutch Shell, Gulf Oil Lubricants India, Total SE, Valvoline.
- The report presents the analysis of Synthetic Lubricants market for the historical period of 2016-2020 and the forecast period of 2021-2026.
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Key Target Audience
- Oil and Gas Companies
- Lubricant Producers
- Consulting and Advisory Firms
- Government and Policy Makers
- Regulatory Authorities
Table of Contents:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Synthetic Lubricants Market: Product Overview
4. Synthetic Lubricants Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2016-2020
4.2 Market Size, By Value, Year 2021-2026
4.3 Impact of COVID-19 on Global Synthetic Lubricants Market
4.4 Global Economic & Industrial Outlook
5. Synthetic Lubricants Market Segmentation, By Product Type (Value)
5.1 Global Synthetic Lubricants Market: Segment Analysis
5.2 Competitive Scenario of Global Synthetic Lubricants Market: By Product Type (2020 & 2026)
5.3 By Engine Oilñ Market Size and Forecast (2016-2026)
5.4 By Metalworking Fluids- Market Size and Forecast (2016-2026)
5.5 By Hydraulic Fluids- Market Size and Forecast (2016-2026)
5.6 By Transmission Fluids- Market Size and Forecast (2016-2026)
5.7 By Compressor Oil- Market Size and Forecast (2016-2026)
5.8 By Gear Oil- Market Size and Forecast (2016-2026)
5.9 By Others- Market Size and Forecast (2016-2026)
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6. Synthetic Lubricants Market Segmentation, By End User (Value)
6.1 Global Synthetic Lubricants Market: Segment Analysis
6.2 Competitive Scenario of Global Synthetic Lubricants Market: By End User (2020 & 2026)
6.3 By Automotiveñ Market Size and Forecast (2016-2026)
6.4 By Industrial- Market Size and Forecast (2016-2026)
6.5 By Energy- Market Size and Forecast (2016-2026)
6.6 By Chemical Manufacturingñ Market Size and Forecast (2016-2026)
6.6 By Othersñ Market Size and Forecast (2016-2026)
7. Global Synthetic Lubricants Market: Regional Analysis
7.1 Competitive Scenario of Global Synthetic Lubricants Market: By Region (2020 & 2026)
8. Americas Synthetic Lubricants Market: An Analysis
8.1 Americas Synthetic Lubricants Market: Size and Forecast (2016-2026)
8.2 Americas Economic and industrial Statistics
8.3 Americas Synthetic Lubricants Marketñ Prominent Companies
8.4 Market Segmentation By Product Type (Engine Oil, Metalworking Fluids, Hydraulic Fluids, Transmission Fluids, Compressor Oil, Gear Oil, Others)
8.5 Market Segmentation By End User (Automotive, Industrial, Energy, Chemical Manufacturing, Others)
8.6 Americas Synthetic Lubricants Market: Country Analysis
8.7 Market Opportunity Chart of Americas Synthetic Lubricants Market - By Country, By Value (Year-2026)
8.8 Competitive Scenario of Americas Synthetic Lubricants : By Country (2020 & 2026)
8.9 United States Synthetic Lubricants Market: Size and Forecast (2016-2026)
8.10 United States Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
8.11 United States Economic and Industrial Statistics
8.12 Canada Synthetic Lubricants Market: Size and Forecast (2016-2026)
8.13 Canada Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
8.14 Canada Economic and Industrial Statistics
8.15 Mexico Synthetic Lubricants Market: Size and Forecast (2016-2026)
8.16 Mexico Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
8.17 Mexico Economic and Industrial Statistics
9. Europe Synthetic Lubricants Market: An Analysis
9.1 Europe Synthetic Lubricants Market: Size and Forecast (2016-2026)
9.2 Europe Economic and industrial Statistics
9.3 Europe Synthetic Lubricants Marketñ Prominent Companies
9.4 Market Segmentation By Product Type (Engine Oil, Metalworking Fluids, Hydraulic Fluids, Transmission Fluids, Compressor Oil, Gear Oil, Others)
9.5 Market Segmentation By End User (Automotive, Industrial, Energy, Chemical Manufacturing, Others)
9.6 Europe Synthetic Lubricants Market: Country Analysis
9.7 Market Opportunity Chart of Europe Synthetic Lubricants Market - By Country, By Value (Year-2026)
9.8 Competitive Scenario of Europe Synthetic Lubricants: By Country (2020 & 2026)
9.9 Germany Synthetic Lubricants Market: Size and Forecast (2016-2026)
9.10 Germany Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
9.11 Germany Economic and Industrial Statistics
9.12 France Synthetic Lubricants Market: Size and Forecast (2016-2026)
9.13 France Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
9.14 France Economic and Industrial Statistics
9.15 United Kingdom Synthetic Lubricants Market: Size and Forecast (2016-2026)
9.16 United Kingdom Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
9.17 United Kingdom Economic and Industrial Statistics
10. APAC Synthetic Lubricants Market: An Analysis
10.1 APAC Synthetic Lubricants Market: Size and Forecast (2016-2026)
10.2 APAC Economic and industrial Statistics
10.3 APAC Synthetic Lubricants Marketñ Prominent Companies
10.4 Market Segmentation By Product Type (Engine Oil, Metalworking Fluids, Hydraulic Fluids, Transmission Fluids, Compressor Oil, Gear Oil, Others)
10.5 Market Segmentation By End User (Automotive, Industrial, Energy, Chemical Manufacturing, Others)
10.6 APAC Synthetic Lubricants Market: Country Analysis
10.7 Market Opportunity Chart of APAC Synthetic Lubricants Market - By Country, By Value (Year-2026)
10.8 Competitive Scenario of APAC Synthetic Lubricants: By Country (2020 & 2026)
10.9 China Synthetic Lubricants Market: Size and Forecast (2016-2026)
10.10 China Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
10.11 China Economic and Industrial Statistics
10.12 Japan Synthetic Lubricants Market: Size and Forecast (2016-2026)
10.13 Japan Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
10.14 Japan Economic and Industrial Statistics
10.15 India Synthetic Lubricants Market: Size and Forecast (2016-2026)
10.16 India Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
10.17 India Economic and Industrial Statistics
10.18 South Korea Synthetic Lubricants Market: Size and Forecast (2016-2026)
10.19 South Korea Synthetic Lubricants Market Segmentation By Product Type, By End User (2016-2026)
10.20 South Korea Economic and Industrial Statistics
11. Global Synthetic Lubricants Market Dynamics
11.1 Global Synthetic Lubricants Market Drivers
11.2 Global Synthetic Lubricants Market Restraints
11.3 Global Synthetic Lubricants Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness
12.1.1 Market Attractiveness Chart of Global Synthetic Lubricants Market - By Product Type (Year 2026)
12.1.2 Market Attractiveness Chart of Global Synthetic Lubricants Market - By End User (Year 2026)
12.1.3 Market Attractiveness Chart of Global Synthetic Lubricants Market - By Region (Year 2026)
13. Competitive Landscape
13.1 Global Leading Synthetic Lubricants company market share, 2018
14. Company Profiles (Business Description, Financial Analysis, Business Strategy)
14.1 Chevron Corporation
14.2 ExxonMobil Corporation
14.3 Castrol India Limited
14.4 British Petroleum
14.5 Indian Oil corporation
14.6 Fuchs Petrolub
14.7 Royal Dutch Shell
14.8 Gulf Oil Lubricants India
14.9 Total SE
14.10 Valvoline
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