Press release
Synthetic Lubricants Market Growth: Insights from the Latest Industry Report | Global Value worth $18.8 billion by 2026
Synthetic Lubricants Market
Download Sample Report PDF: https://www.alliedmarketresearch.com/request-sample/6263
Based on base oil, the PAO segment held the largest market share in the global synthetic lubricants market, contributing for more than two-fifths of the total market share in 2018, and is estimated to maintain its dominant position during the forecast period. This is due to its wide applications in automotive sectors specially in passenger cars along with its features such as high viscosity index and hydrolytic stability. However, the esters segment is estimated to grow at the fastest CAGR of 5.8% from 2019 to 2026, owing to its characteristics such as low- and high-temperature performance and good solvency.
Surge in production and sales of automotive, rise in popularity of synthetic lubricants, and development of transportation infrastructure drive the growth of the global synthetic lubricants market. However, variations in raw material prices hinder the market growth. On the other hand, emergence of industrialization in the African region opens up new pathways for the market.
Based on end use, the engine oil segment contributed for nearly half of the total share of the global synthetic lubricants market in 2018, and is expected to continue to lead during the forecast period. This is attributed to boost the efficiency of the vehicle by extending the overall vehicle life cycle. However, the hydraulic fluid segment is estimated to register the highest CAGR of 6.3% from 2019 to 2026, owing to its properties such as lubrication and corrosion resistance in heavy hydraulic machinery along with growing industrialization and process automation.
Buy Now:
https://www.alliedmarketresearch.com/synthetic-lubricants-market/purchase-options
Based on region, Europe is expected to portray the highest CAGR of 6.2% from 2019 to 2026. This is attributed to implementation of new emission norms that add benefit to Europe manufacturers in the automotive sector and sustained high frequency of airline and automotive transport. However, North America would register the second-highest growth rate, with a CAGR of 5.9% during the forecast period. On the other hand, Asia-Pacific accounted for the highest market share in 2018, contributing for nearly two-fifths of the global synthetic lubricants market, and will maintain its lead position in terms of revenue throughout the forecast period. This is due to the highest automotive production and sale in China, established automotive sector in countries including Indonesia, Japan, and India, and economic growth.
Browse Full Report Summary: https://www.alliedmarketresearch.com/synthetic-lubricants-market
Leading market players
1. Royal Dutch Shell PLC
2. ExxonMobil Corporation
3. British Petroleum (Bp) PLC
4. Chevron Corporation
5. Total SA
6. Idemitsu Kosan Co. Ltd.
7. Sinopec Limited
8. Lukoil
9. Petroliam Nasional Berhad (Petronas)
10. Indian Oil Corporation Ltd.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6263
By Base Oil
Polyalkylene Glycol (PAG)
Polyalphaolefin (PAO)
Esters
By Product
Engine Oil
Hydraulic Fluid
Metalworking Fluids
Compressor Oil
Gear Oil
Transmission Fluid
Turbine Oil
Others
Get Similar Report:
Hydraulic Fluids Market
https://www.alliedmarketresearch.com/hydraulic-fluids-market-A08765
Alcohol Enzymes Market
https://www.alliedmarketresearch.com/alcohol-enzyme-market-A07963
Oilfield Chemicals Market
https://www.alliedmarketresearch.com/oil-field-chemicals-market
Bio Based Lubricants Market
https://www.alliedmarketresearch.com/bio-based-lubricants-market
Automotive Lubricants Market
https://www.alliedmarketresearch.com/automotive-lubricants-market
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synthetic Lubricants Market Growth: Insights from the Latest Industry Report | Global Value worth $18.8 billion by 2026 here
News-ID: 3718487 • Views: …
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…
