Press release
Global Synthetic Lubricants Market: Size, Trends & Forecasts 2016-2020
About Synthetic Lubricants Market
The report entitled Global Synthetic Lubricants Market: Size, Trends & Forecasts (2016-2020) provides a detailed analysis of the global synthetic lubricants market with analysis of market size by value, growth, segments, etc.
The report also includes a detailed regional analysis of the synthetic lubricants market in regions such as North America, Europe and Asia Pacific, comprising of its synthetic lubricants market by value, its growth and its segments. Under competitive landscape, different players in the global synthetic lubricants market have been compared on basis of their revenue and market capitalization.
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Royal Dutch Shell Plc, Chevron Corporation, Exxon Mobil Corp. and BASF are some of the key players operating in the global synthetic lubricants market whose company profiling is done in the report. In this segment of the report, business overview, financial overview and the business strategies of the companies are provided.
Country Coverage
North America
Europe
Asia Pacific
Company Coverage
Royal Dutch Shell Plc
Chevron Corporation
Exxon Mobil Corp.
BASF SE
Executive Summary
Lubricants are substances which are used to lower the opposing or the frictional force which occurs when two surfaces are in mutual contact. Lubricants find applications across various industries such as automotive, aviation, soap, paints and many other industries.
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However, synthetic lubricants are preferred over conventional oils because of there several advantages such as high viscosity index, resistance to corrosion, thermal stability and lesser requirement for oil change.
The synthetic lubricants market can be segmented on the basis of type and application. On the basis of type, the synthetic lubricants market can be divided into Polyalphaolefin (PAO), Esters, Polyalkylene Glycols (PAG) and others which includes Polybutenes. On the basis of application, the synthetic lubricants market can be divided into engine oil, metalworking fluids and end use industry which includes automotive, aviation and energy generation industry.
The global synthetic lubricants market is projected to grow at a healthy rate during the forecast period (2016-2020). This growth is anticipated because of the various growth drivers such as increasing population and industrialization, increase in vehicle sales, OEM recommendations for use of high performance lubricants and less requirement for oil change. However, high operational costs and volatility in oil prices are some of the challenges faced by the synthetic lubricants market. Increased use of lubricants as refrigeration oils, wind turbines, aviation and lubrication based on nanotechnology are some of the latest trends in the synthetic lubricants market.
Tables Of Contents
1. Executive Summary
2. Introduction
2.1 Lubricants: An Overview
2.2 Petroleum Based Lubricant vs. Synthetic Lubricant
2.3 Advantages and Disadvantages of Synthetic Lubricants
2.4 Global Synthetic Lubricants Market: An Overview
2.5 Segmentation of Global Synthetic Lubricants Market
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2.5.1 On Basis of Type
2.5.2 On Basis of Application
3.Global Market Analysis
3.1 Global Synthetic Lubricants Market: An Analysis
3.1.1 Global Synthetic Lubricants Market by Volume
3.1.2 Global Synthetic Lubricants Market by Value
3.1.3 Global Synthetic Lubricants Market by Segments
3.1.4 Global Synthetic Lubricant Market by Region
3.1.5 Global Synthetic Lubricants Market by Application
4.Regional Analysis
4.1 North America Synthetic Lubricants Market: An Analysis
4.1.1 North America Synthetic Lubricants Market by Volume
4.1.2 North America Synthetic Lubricants Market by Segments
4.2 Europe Synthetic Lubricants Market: An Analysis
4.2.1 Europe Synthetic Lubricants Market by Volume
4.2.2 Western Europe Synthetic Lubricants Market by Segments
4.2.3 Central and Eastern Europe Synthetic Lubricants Market by Segments
4.3 Asia Pacific Synthetic Lubricants Market: An Analysis
4.3.1 Asia Pacific Synthetic Lubricants Market by Volume
4.3.2 Asia Pacific Synthetic Lubricants Market by Region
4.3.3 Japan Synthetic Lubricants Market by Segments
4.3.4 China Synthetic Lubricants Market by Segments
4.3.5 Other Asia Synthetic Lubricants Market by Segments
5. Market Dynamics
5.1 Growth Dynamics
5.1.1 Increasing Population and Industrialization
5.1.2 Increase in Vehicle Sales
5.1.3 OEM Recommendations for Use Of High Performance Lubricants
5.1.4 Less Requirement for Oil Change
5.2 Challenges
5.2.1 Volatile Oil Prices
5.2.2 High Operational Costs
5.3 Trends
5.3.1 Increased Adoption of Lubricants in Wind Turbines
5.3.2 Increased Use of Synthetic Lubricants as Refrigeration Oils
5.3.3 Lubrication Based on Nanotechnology
5.3.4 Lubricant Use in Aviation Industry
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