Press release
Synthetic Ester Lubricants Market to Witness Astonishing Growth by 2029
The global synthetic ester lubricants market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. Synthetic lubricants are manufactured using chemical compounds and additives, offering superior performance and durability compared to traditional mineral-based lubricants. They play an important role in automotive engines, where they are used to reduce friction, improve fuel efficiency, and extend the life of the engine. Within the synthetic lubricant market. Synthetic ester lubricants are derived from esters, which are organic compounds formed by reacting an alcohol with a carboxylic acid. These are known for their exceptional performance in high-stress applications, such as racing engines and heavy-duty machinery. In the automotive industry, synthetic ester lubricants are commonly used in high-performance and racing engines, as well as in applications where extreme temperatures, pressures, and loads are encountered. It offers several advantages over mineral-based lubricants, such as high resistance to oxidation, improved wear protection, and reduced sludge formation. It also has higher viscosity index than mineral-based lubricants, which further allows them to maintain their viscosity and lubricating properties over a wider temperature range. Thus, the advantages offered by the synthetic ester lubricant have been the driving force for high demands among various end-use industries such as automotive, marine, and manufacturing among others.As the demand for synthetic easter continues to grow market players have been proactively launching new and enhanced products to augment their product portfolio and remain competitive in the market. For instance, in February 2021, UK-based specialty chemical company Croda International Plc launched new dielectric ester base oil that can be used in battery cooling and electric vehicle (EV) transmission fluids to improve safety, stability, and performance.
To Request a Sample of our Report on Synthetic Ester Lubricants Market: https://www.omrglobal.com/request-sample/synthetic-ester-lubricants-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Application
By End-use Industry
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including BASF SE, Huntsman Corp., Exxon Mobil Corp., Royal Dutch Shell PLC, BP Middle East LLC, and others.
Synthetic Ester Lubricants Market Report Segment
By Type
Monoester
Diester
Polyol Ester
Aromatic Carboxylic Ester
By Application
Compressor Oils
Hydraulic Oils
Metalworking Fluids
Diesel and Petrol Engine Oils
Others
By End-use Industry
Construction
Mining
Metal Production
Power Genaration
Automotive Manufacturing
Marine
Oil and Gas
Textile
Food Processing
Others
A full Report of Synthetic Ester Lubricants Market is Available @ https://www.omrglobal.com/industry-reports/synthetic-ester-lubricants-market
Synthetic Ester Lubricants Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
AMSOIL INC.
BASF SE
BP p.l.c.
Castrol Ltd.
China National Petroleum Corp.
Croda International Plc
DIC CORP.
Eastman Chemical Co.
FUCHS PETROLUB SE
Huntsman Corp.
Idemitsu Kosan Co.,Ltd.
INEOS
JIANGSU LOPAL TECH.CO.,LTD.
Kendall Group
KLÜBER LUBRICATION (MALAYSIA) SDN BHD
LANXESS
Lubrication Engineers
Motul S.A.
Petroliam Nasional Berhad
Quaker Chemical Corp.
Royal Dutch Shell PLC
Shell Global
Sinopec Lubricant Co.
The Lubrizol Corp.
Total Energies international group
Valvoline
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/synthetic-ester-lubricants-market
https://monblogapple.com/2023/05/10/analyse-de-lindustrie-mondiale-du-marche-des-serveurs-nebs-demande-future-et-previsions-jusquen-2029/
https://www.culturespace.co.kr/news-%eb%ac%b8%ed%99%94%e8%a1%97/2029%eb%85%84%ea%b9%8c%ec%a7%80-%ea%b2%ac%ec%8b%a4%ed%95%9c-%ed%99%95%ec%9e%a5%ec%9d%84-%eb%aa%a9%ea%b2%a9%ed%95%a0-nutricosmetics-%ec%8b%9c%ec%9e%a5/115062/
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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