Synthetic Lubricants Market

Synthetic Lubricants Market by Type (Polyalphaolefins (PAOs), Esters, Poly Alkyne Glycols (PAGs), Group III), Product Type (Engine Oils, Hydraulic Fluids, Metalworking Fluids, Compressor Oils, Turbine Oils), & Region - Global Forecast to 2028

Report Code: CH 3985 Feb, 2024, by marketsandmarkets.com

The market size of synthetic lubricants is estimated at USD 41.2 billion in 2023 and is projected to reach USD 48.0 billion by 2028, at a CAGR of 3.1%. When it comes to performance, synthetic lubricants are better to traditional mineral-based oils. They offer increased resistance to oxidation, thermal stability, and viscosity stability, all of which can contribute to increased equipment life and efficiency. Synthetic lubricants are often formulated to be more environmentally friendly, with lower volatility and reduced emissions. This appeals to industries and consumers seeking to minimize their environmental impact.

Synthetic Lubricants Market

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Synthetic Lubricants Market

Market Dynamics

Driver: Growing construction industry in Asia Pacific

The Asia Pacific region's rapid urbanisation has increased demand for infrastructure, commercial, and residential development in many of its member states. In order to sustain the growing urban centres, new structures such as highways, bridges, and other infrastructure are required as populations increase and move to metropolitan areas. Many countries in Asia Pacific have been experiencing strong economic growth, leading to increased investment in construction projects. Rising incomes, expanding middle-class populations, and government initiatives to boost infrastructure development all contribute to the growth of the construction industry.

Restraints:  Rise in demand for alternative fuels

The rise in alternative fuels, such as electric vehicles (EVs) and renewable energy sources, could potentially have some impact on the synthetic lubricants market. Since EVs usually require less lubrication than internal combustion engine vehicles, there may be a minor decrease in the demand for lubricants, including synthetic lubricants, as EV usage rises, particularly in the automotive sector. It's crucial to remember that EVs still require lubrication for parts like gears, bearings, and seals, which could result in a continued requirement for lubricants even at a lower level.

Opportunities : Advancements in synthetic lubricants technology

Typically, synthetic base oils—which can come from a variety of sources like natural gas, coal, or biomass—are used to manufacture synthetic lubricants. New base oil types have emerged as a result of base oil technology advancements, including Group IV (polyalphaolefins) and Group V (esters). These types of base oils offer superior qualities over conventional mineral oils, including a higher viscosity index, improved oxidative stability, and better low-temperature performance. Synthetic lubricants are becoming more and more blended with nanotechnology to improve their lubricating capabilities at the nanoscale. Equipment can function more efficiently and last longer when friction and wear between moving parts are reduced by using nanoparticles, such as those made of graphene or molybdenum disulfide.

Challenges: Rising raw material prices

Rising raw material prices can indeed have a significant impact on the production costs of synthetic lubricants. A large amount of the expenses associated with producing synthetic lubricants are incurred in the procurement of raw materials, including additives, synthetic base oils, and other chemical components. The cost of producing synthetic lubricants immediately rises in response to increases in the pricing of these basic ingredients. This could therefore result in increased costs for synthetic lubricant goods, which might have an effect on end users' and consumers' demand.

Synthetic lubricants market ecosystem

The ecosystem includes companies manufacturing synthetic lubricants, such as Shell PLC, BP p.l.c., Exxon Mobil Corporation, TotalEnergies SE, FUCHS, Chevron Corporation, Idemitsu Kosan Co., Ltd., China Petroleum & Chemical Corporation, LUKOIL, and Petroliam Nasional Berhad (PETRONAS).

Synthetic Lubricants Market Ecosystem

Based on the type, PAO was the largest segment of the synthetic lubricants market, in terms of value, in 2022.

Polyalphaolefin (PAO) was the largest synthetic lubricant base oils used in the industry, in terms og value, in 2022. PAOs are a type of synthetic hydrocarbon polymer that offer excellent lubricating properties, thermal stability, and oxidation resistance. These qualities make PAOs suitable for a wide range of applications across various industries, including automotive, industrial, aerospace, and marine. PAOs typically have a high viscosity index, which means their viscosity changes less with temperature variations compared to conventional mineral oils. This makes PAOs well-suited for use in applications where consistent lubrication performance is critical.

Based on product type, engine oil was the largest segment of the synthetic lubricants market, in terms of value, in 2022.

Synthetic engine oils offer several advantages over conventional mineral-based oils, making them popular choices for modern engines. When it comes to performance, synthetic engine oils usually outperform conventional ones. They provide superior viscosity stability across a broad temperature range, guaranteeing ideal lubrication in both high-temperature and cold-start operation scenarios. This increases engine longevity and efficiency.

Asia Pacific accounted for the largest market share of the synthetic lubricants market, in terms of value, in 2022.

Asia Pacific is the leading consumer of synthetic lubricants. The Asia Pacific region is experiencing rapid industrialization across various sectors, including automotive, manufacturing, construction, and energy. As industries expand and modernize, there is a growing demand for high-performance lubricants to optimize equipment efficiency and reliability. One of the biggest consumers of synthetic lubricants is the automotive sector in the Asia Pacific area. The need for lubricants for contemporary engines and drivetrains is expanding due to factors like rising vehicle ownership, rising vehicle sales, and stricter emissions restrictions.

Synthetic Lubricants Market by Region

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Key Market Players

The key players in this market are  Shell plc (UK), Exxon Mobil Corporation (US), BP p.l.c. (UK), Chevron Corporation (US), China Petroleum & Chemical Corporation (China), TotalEnergies SE (France), FUCHS (Germany), Idemitsu Kosan Co., Ltd. (Japan), LUKOIL (Russia), and Petroliam Nasional Berhad (PETRONAS) (Malaysia). These are the key manufacturers that secured a major market share in the last few years.

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Scope of the Report

Report Metric

Details

Years considered for the study

2017–2028

Base year considered

2022

Forecast period

2023–2028

Units considered

Value (USD Million) and Volume (Kiloton)

Segments covered

Type, Product type and Region

Regions covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies profiled

Shell plc, BP p.l.c., Exxon Mobil Corporation, TotalEnergies SE, FUCHS, Chevron Corporation, Idemitsu Kosan Co., Ltd., China Petroleum & Chemical Corporation, LUKOIL, and Petroliam Nasional Berhad (PETRONAS)

This report categorizes the global Synthetic Lubricants market based on type, product type, and region.

Based on type, the Synthetic Lubricants market has been segmented as follows:
  • PAOs
  • PAGs
  • Esters
  • Group III (Hydrocracking)
Based on product type, the Synthetic Lubricants market has been segmented as follows:
  • Engine Oils
  • Hydraulic Fluids
  • Metalworking Fluids
  • Compressor Oils
  • Gear Oils
  • Transmission Fluids
  • Refrigerant Oils
  • Turbine Oils
Based on region, the personal protective equipment market has been segmented as follows:
  • North America
  • Asia Pacific
  • Europe
  • Middle East & Arica
  • South America

Recent Developments

  • In January 2024, Shell plc completed the acquisition of MIDEL and MIVOLT, from Manchester-based M&I Materials Ltd. The acquisition of MIDEL enables Shell to complement its differentiated position in Transformer Oils used for power distribution, offshore wind parks, utility companies, and traction power systems.
  • In January 2023, TotalEnergies SE signed an agreement with CEPSA to acquire its upstream assets in the UAE.
  • In February 2022, Chevron Corporation made an announcement that it entered into an agreement with Bunge North America, Inc. to create renewable feedstocks.
  • In April 2021, FUCHS WISURA GMBH was merged with its sister company FUCHS SCHMIERSTOFFE GMBH on April 01, 2021. FUCHS SCHMIERSTOFFE, one of the leading lubricant companies in the German market, that develops, produces, and distributes lubricants and has approximately 1,000 employees at 3 production sites to date - Mannheim, Kiel, and Wedel.
  • In May 2020, Exxon Mobil introduced next-generation multi-fuel marine cylinder oil which is suitable for safe and reliable use with all low-sulfur fuel types, including LNG.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

 
1 INTRODUCTION (Page No. - 41)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
           1.2.2 MARKET DEFINITIONS AND INCLUSIONS, BY TYPE
           1.2.3 MARKET DEFINITIONS AND INCLUSIONS, BY PRODUCT TYPE
           1.2.4 MARKET DEFINITIONS AND INCLUSIONS, BY END-USE INDUSTRY
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 47)
    2.1 RESEARCH DATA 
          FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Interviews with experts–demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of interviews with experts
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF MAJOR PLAYERS
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM UP (DEMAND SIDE): PRODUCTS SOLD
    2.3 DATA TRIANGULATION 
          FIGURE 5 DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS 
           2.4.1 SUPPLY SIDE
                    FIGURE 6 MARKET GROWTH PROJECTION FROM SUPPLY SIDE
           2.4.2 DEMAND SIDE
                    FIGURE 7 MARKET GROWTH PROJECTION FROM DEMAND SIDE DRIVERS AND OPPORTUNITIES
    2.5 IMPACT OF RECESSION 
    2.6 ASSUMPTIONS 
    2.7 LIMITATIONS 
    2.8 RISK ASSESSMENT 
          TABLE 1 RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 8 PAOS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
    FIGURE 9 COMPRESSOR OIL TO BE FASTEST-GROWING SEGMENT IN SYNTHETIC LUBRICANTS MARKET
    FIGURE 10 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SYNTHETIC  LUBRICANTS MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNTHETIC  LUBRICANTS MARKET 
          FIGURE 11 EMERGING ECONOMIES IN ASIA PACIFIC TO FUEL MARKET DEMAND
    4.2 ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET,  BY APPLICATION AND COUNTRY 
          FIGURE 12 CHINA LED ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET IN 2022
    4.3 SYNTHETIC LUBRICANTS MARKET, BY REGION 
          FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    4.4 SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE 
          FIGURE 14 ENGINE OILS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
    4.5 SYNTHETIC LUBRICANTS MARKET, BY TYPE VS. REGION 
          FIGURE 15 PAO WAS DOMINANT SEGMENT IN SYNTHETIC LUBRICANTS MARKET IN MOST REGIONS IN 2022
    4.6 SYNTHETIC LUBRICANTS MARKET ATTRACTIVENESS 
          FIGURE 16 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SYNTHETIC LUBRICANTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Significant growth of construction industry in Asia Pacific and Middle East & Africa
                    5.2.1.2 Growth in offshore exploration and production activities
                    5.2.1.3 Growing demand for high-quality lubricants
                    5.2.1.4 Rise in automation in construction industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Rise in demand for alternative fuels
                    5.2.2.2 Stringent environmental regulations
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Leveraging e-commerce industry to increase customer reach
                    5.2.3.2 Advancements in synthetic lubricant technologies
           5.2.4 CHALLENGES
                    5.2.4.1 Emergence of alternative technologies
                    5.2.4.2 Rising raw material prices
                                TABLE 2 CRUDE OIL PRICE TRENDS (2019–2022)
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 18 PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 SYNTHETIC LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 MACROECONOMIC INDICATORS 
           5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 4 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES, 2020–2028 (USD BILLION)
 
6 INDUSTRY TRENDS (Page No. - 70)
    6.1 SUPPLY CHAIN ANALYSIS 
          FIGURE 19 SUPPLY CHAIN
           6.1.1 RAW MATERIALS
           6.1.2 MANUFACTURERS
           6.1.3 DISTRIBUTION TO END USERS
           6.1.4 END-USE INDUSTRIES
    6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
          FIGURE 20 REVENUE SHIFT FOR SYNTHETIC LUBRICANTS MARKET
    6.3 ECOSYSTEM ANALYSIS/MARKET MAP 
          FIGURE 21 ECOSYSTEM
          TABLE 5 ECOSYSTEM
    6.4 CASE STUDIES 
           6.4.1 LUBRICATION FAILURE IN SHIP'S MAIN ENGINE: CAUSE,  EFFECT, AND SOLUTION
           6.4.2 KLÜBER LUBRICATION LAUNCHES INNOVATIVE SOLUTION FOR SUSTAINABLE SHIP PROPULSION
           6.4.3 CHEVRON ORONITE INTRODUCES NEW MARINE CYLINDER LUBRICANT ADDITIVE PACKAGE FOR IMO 2020-COMPLIANT FUELS
    6.5 TECHNOLOGY ANALYSIS 
           6.5.1 KEY TECHNOLOGIES
                    6.5.1.1 Nanotechnology in synthetic lubricants
           6.5.2 COMPLEMENTARY TECHNOLOGIES
                    6.5.2.1 Refining process technologies
                    6.5.2.2 Re-refining technology
                    6.5.2.3 SO2 scrubbing system technology
    6.6 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP  THREE PRODUCT TYPES
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE  PRODUCT TYPES (%)
           6.6.2 BUYING CRITERIA
                    FIGURE 23 KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES
                    TABLE 7 KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES
    6.7 PRICING ANALYSIS 
           6.7.1 AVERAGE SELLING PRICE TREND, BY REGION
                    FIGURE 24 AVERAGE SELLING PRICE TREND OF SYNTHETIC LUBRICANTS,  BY REGION (USD/KG)
                    TABLE 8 AVERAGE SELLING PRICE TREND OF SYNTHETIC LUBRICANTS, BY REGION (USD/KG)
           6.7.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS,  BY PRODUCT TYPE
                    FIGURE 25 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PRODUCT TYPE
                    TABLE 9 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PRODUCT TYPE (USD/KG)
    6.8 TRADE ANALYSIS 
           6.8.1 IMPORT SCENARIO OF SYNTHETIC LUBRICANTS
                    FIGURE 26 IMPORTS OF SYNTHETIC LUBRICANTS, BY KEY COUNTRY, 2013–2021
                    TABLE 10 IMPORTS OF SYNTHETIC LUBRICANTS, BY REGION, 2013–2021 (USD MILLION)
           6.8.2 EXPORT SCENARIO OF SYNTHETIC LUBRICANTS
                    FIGURE 27 EXPORTS OF SYNTHETIC LUBRICANTS, BY KEY COUNTRY, 2013–2021
                    TABLE 11 EXPORTS OF SYNTHETIC LUBRICANTS, BY REGION, 2013–2021 (USD MILLION)
    6.9 REGULATORY LANDSCAPE OF SYNTHETIC LUBRICANTS 
           6.9.1 REGULATIONS FOR SYNTHETIC LUBRICANTS
                    TABLE 12 NORTH AMERICA: REGULATIONS FOR SYNTHETIC LUBRICANTS
                    TABLE 13 EUROPE: REGULATIONS FOR SYNTHETIC LUBRICANTS
                    TABLE 14 ASIA PACIFIC: REGULATIONS FOR SYNTHETIC LUBRICANTS
                    TABLE 15 MIDDLE EAST & AFRICA: REGULATIONS FOR SYNTHETIC LUBRICANTS
                    TABLE 16 SOUTH AMERICA: REGULATIONS FOR SYNTHETIC LUBRICANTS
           6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.10 KEY CONFERENCES & EVENTS, 2024–2025 
           TABLE 17 DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025
    6.11 INVESTMENT LANDSCAPE 
    6.12 PATENT ANALYSIS 
           6.12.1 APPROACH
           6.12.2 DOCUMENT TYPE
                     TABLE 18 PATENT STATUS AND COUNT
                     FIGURE 28 PATENTS REGISTERED IN SYNTHETIC LUBRICANTS MARKET, 2012–2022
                     FIGURE 29 PATENT PUBLICATION TRENDS, 2012–2022
                     FIGURE 30 LEGAL STATUS OF PATENTS FILED IN SYNTHETIC LUBRICANTS MARKET
           6.12.3 JURISDICTION ANALYSIS
                     FIGURE 31 MAXIMUM PATENTS FILED IN JURISDICTION OF US
           6.12.4 TOP APPLICANTS
                     FIGURE 32 LUBRIZOL CORPORATION REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2012 AND 2022
                     TABLE 19 LIST OF PATENTS BY LUBRIZOL CORPORATION
 
7 SYNTHETIC LUBRICANTS MARKET, BY TYPE (Page No. - 90)
    7.1 INTRODUCTION 
          FIGURE 33 ESTERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 20 SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
          TABLE 21 SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
          TABLE 22 SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
          TABLE 23 SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
    7.2 POLYALPHAOLEFINS (PAOS) 
           7.2.1 WIDE OPERATIONAL TEMPERATURE RANGE AND OXIDATIVE STABILITY TO DRIVE MARKET
                    TABLE 24 PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 25 PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 26 PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 27 PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    7.3 ESTERS 
           7.3.1 USE IN JET ENGINE LUBRICANTS, REFRIGERATION LUBRICANTS,  AIR COMPRESSORS, AND AUTOMOTIVE SECTOR TO DRIVE MARKET
                    TABLE 28 ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 29 ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 30 ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 31 ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    7.4 POLYALKYLENE GLYCOLS (PAGS) 
           7.4.1 INCREASING DEMAND FOR METALWORKING FLUIDS TO DRIVE MARKET
                    TABLE 32 PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 33 PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 34 PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 35 PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    7.5 GROUP III (HYDROCRACKING) 
           7.5.1 BETTER PERFORMANCE UNDER EXTREME CONDITIONS, VISCOSITY INDEX, HIGHER SHEAR STABILITY, AND CHEMICAL RESISTANCE TO DRIVE MARKET
                    TABLE 36 GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 37 GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 38 GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 39 GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
 
8 SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE (Page No. - 100)
    8.1 INTRODUCTION 
          FIGURE 34 COMPRESSOR OILS SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 40 SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
          TABLE 41 SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
          TABLE 42 SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
          TABLE 43 SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
    8.2 ENGINE OILS 
           8.2.1 RAPID EXPANSION OF AUTOMOTIVE SECTOR TO DRIVE MARKET
                    TABLE 44 ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 45 ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 46 ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 47 ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    8.3 HYDRAULIC FLUIDS 
           8.3.1 GROWING MANUFACTURING SECTOR IN EMERGING ECONOMIES TO DRIVE MARKET
                    TABLE 48 HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 49 HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 50 HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 51 HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    8.4 METALWORKING FLUIDS 
           8.4.1 GROWTH IN AUTOMOTIVE MANUFACTURING AND EXPANSION OF MACHINERY AND METAL FABRICATION INDUSTRIES TO  DRIVE MARKET
                                        TABLE 52 METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 53 METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 54 METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 55 METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION,  2022–2028 (KILOTON)
    8.5 COMPRESSOR OILS 
           8.5.1 GROWING DEMAND FOR INDUSTRIAL MACHINERY & EQUIPMENT  TO DRIVE MARKET
                    TABLE 56 COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 57 COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 58 COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 59 COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    8.6 GEAR OILS 
           8.6.1 EXPANDING AUTOMOTIVE INDUSTRY TO OFFER SIGNIFICANT GROWTH OPPORTUNITIES TO DRIVE MARKET
                    TABLE 60 GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 61 GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 62 GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 63 GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    8.7 REFRIGERATION OILS 
           8.7.1 INCREASING DEMAND FOR CONSUMER APPLIANCES  TO DRIVE MARKET
                    TABLE 64 REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 65 REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 66 REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 67 REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    8.8 TRANSMISSION FLUIDS 
           8.8.1 INCREASINGLY STRINGENT ENVIRONMENTAL REGULATIONS  TO DRIVE MARKET
                    TABLE 68 TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 69 TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 70 TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 71 TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
    8.9 TURBINE OILS 
           8.9.1 GROWING DEMAND FOR ENERGY TO DRIVE MARKET
                    TABLE 72 TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 73 TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 74 TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
                    TABLE 75 TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
 
9 SYNTHETIC LUBRICANTS MARKET, BY END-USE INDUSTRY (Page No. - 117)
    9.1 INTRODUCTION 
    9.2 TRANSPORTATION 
           9.2.1 COMMERCIAL VEHICLES
                    9.2.1.1 Growing need for buses and taxis to drive market
           9.2.2 PASSENGER VEHICLES
                    9.2.2.1 Economic development and rise in spending power to  drive market
                    9.2.2.2 4-wheelers
                    9.2.2.3 2-wheelers
           9.2.3 AVIATION
                    9.2.3.1 Rising living standards and decreasing airfare to drive  market
           9.2.4 MARINE
                    9.2.4.1 Superior shear resistance, thermal stability, viscosity stability, engine longevity, and fuel economy to drive market
           9.2.5 RAILWAY
                    9.2.5.1 Developed railway operations in North America to drive market
    9.3 INDUSTRIAL 
           9.3.1 CONSTRUCTION
                    9.3.1.1 Increased government investments in infrastructure projects to drive market
           9.3.2 METAL & MINING
                    9.3.2.1 Demand for bucket wheels, excavators, draglines, electric rope shovels, hydraulic shovels, and mining trucks to drive market
           9.3.3 CEMENT PRODUCTION
                    9.3.3.1 Utility in crushers, mills, kilns, and coolers to drive market
           9.3.4 POWER GENERATION
                    9.3.4.1 Provision of superior performance, water resistance, and high corrosion inhibition to drive market
           9.3.5 AUTOMOTIVE (VEHICLE MANUFACTURING)
                    9.3.5.1 Smooth operation and long service life of machines to drive market
           9.3.6 CHEMICAL
                    9.3.6.1 Requirement for compressor oils in gas compressors, industrial valves, fittings, and rolling bearings to drive market
           9.3.7 OIL & GAS
                    9.3.7.1 Demand for pipe connections, derricks, mud systems, thrusters, and deck cranes to drive market
           9.3.8 TEXTILE
                    9.3.8.1 Use in knitting machines, fiber processing machines, spinning machines, cutting machines, and rolling machines to drive market
           9.3.9 FOOD PROCESSING
                    9.3.9.1 Protection against wear, corrosion, and contamination in food processing equipment to drive market
    9.4 OTHER END-USE INDUSTRIES 
 
10 SYNTHETIC LUBRICANTS MARKET, BY REGION (Page No. - 124)
     10.1 INTRODUCTION 
             FIGURE 35 ASIA PACIFIC TO BE FASTEST-GROWING SYNTHETIC LUBRICANTS MARKET
             TABLE 76 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)
             TABLE 77 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)
             TABLE 78 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)
             TABLE 79 SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)
     10.2 EUROPE 
             FIGURE 36 EUROPE: SYNTHETIC LUBRICANTS MARKET SNAPSHOT
             10.2.1 IMPACT OF RECESSION ON EUROPE
             10.2.2 EUROPE SYNTHETIC LUBRICANTS MARKET, BY TYPE
                        TABLE 80 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 81 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 82 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
                        TABLE 83 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
             10.2.3 EUROPE SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 84 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                        TABLE 85 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                        TABLE 86 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                        TABLE 87 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
             10.2.4 EUROPE SYNTHETIC LUBRICANTS MARKET, BY COUNTRY
                        TABLE 88 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
                        TABLE 89 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 90 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (KILOTON)
                        TABLE 91 EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON)
                        10.2.4.1 Germany
                                     10.2.4.1.1 High automotive production to drive market
                                                      TABLE 92 GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 93 GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 94 GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 95 GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
                        10.2.4.2 UK
                                     10.2.4.2.1 Increasing investments in infrastructure to drive market
                                                      TABLE 96 UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 97 UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 98 UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 99 UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.2.4.3 France
                                     10.2.4.3.1 Increasing environmental regulations to drive  market
                                                      TABLE 100 FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 101 FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 102 FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 103 FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.2.4.4 Italy
                                     10.2.4.4.1 Growth of manufacturing sector to drive market
                                                      TABLE 104 ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 105 ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 106 ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 107 ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.2.4.5 Spain
                                     10.2.4.5.1 Industrial and automotive manufacturing sectors to drive market
                                                      TABLE 108 SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 109 SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 110 SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 111 SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.2.4.6 Russia
                                     10.2.4.6.1 Large oil & gas industry to drive market
                                                      TABLE 112 RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 113 RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 114 RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 115 RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
     10.3 NORTH AMERICA 
             FIGURE 37 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET SNAPSHOT
             10.3.1 IMPACT OF RECESSION ON NORTH AMERICA
             10.3.2 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY TYPE
                        TABLE 116 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 117 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 118 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
                        TABLE 119 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
             10.3.3 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 120 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                        TABLE 121 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                        TABLE 122 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                        TABLE 123 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
             10.3.4 NORTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY COUNTRY
                        TABLE 124 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
                        TABLE 125 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 126 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (KILOTON)
                        TABLE 127 NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON)
                        10.3.4.1 US
                                     10.3.4.1.1 Automotive and aviation sectors to drive market
                                                      TABLE 128 US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 129 US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 130 US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 131 US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.3.4.2 Canada
                                     10.3.4.2.1 Growing manufacturing and marine sectors to drive market
                                                      TABLE 132 CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 133 CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 134 CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 135 CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.3.4.3 Mexico
                                     10.3.4.3.1 Rapid growth of automotive and construction sectors  to drive market
                                                      TABLE 136 MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 137 MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 138 MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 139 MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
     10.4 ASIA PACIFIC 
            FIGURE 38 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET SNAPSHOT
             10.4.1 IMPACT OF RECESSION ON ASIA PACIFIC
             10.4.2 ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET, BY TYPE
                        TABLE 140 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 141 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 142 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
                        TABLE 143 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
             10.4.3 ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 144 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                        TABLE 145 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                        TABLE 146 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                        TABLE 147 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
             10.4.4 ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET, BY COUNTRY
                        TABLE 148 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
                        TABLE 149 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
                        TABLE 150 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (KILOTON)
                        TABLE 151 ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON)
                        10.4.4.1 China
                                     10.4.4.1.1 Presence of major manufacturing industries to drive market
                                                      TABLE 152 CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 153 CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 154 CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 155 CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.4.4.2 Japan
                                     10.4.4.2.1 Stringent environmental regulations and high automobile production to drive market
                                                      TABLE 156 JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 157 JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 158 JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 159 JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.4.4.3 India
                                     10.4.4.3.1 Increasing vehicle buyers and rising foreign direct investments to drive market
                                                      TABLE 160 INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 161 INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 162 INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 163 INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.4.4.4 South Korea
                                     10.4.4.4.1 Industrial, transportation, and marine sectors to drive market
                                                      TABLE 164 SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                                                      TABLE 165 SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                                                      TABLE 166 SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)
                                                      TABLE 167 SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
                        10.4.4.5 Indonesia
                                     10.4.4.5.1 Growing oil & gas sector to drive market
                                                      TABLE 168 INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                                                      TABLE 169 INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                                                      TABLE 170 INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)
                                                      TABLE 171 INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
                        10.4.4.6 Thailand
                                     10.4.4.6.1 Emerging automotive, electronics, and textiles sectors to drive market
                                                      TABLE 172 THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                                                      TABLE 173 THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                                                      TABLE 174 THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 175 THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.4.4.7 Australia and New Zealand
                                     10.4.4.7.1 Well-established mining industry to drive market
                                                      TABLE 176 AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 177 AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 178 AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 179 AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA
             10.5.2 MIDDLE EAST & AFRICA SYNTHETIC LUBRICANTS MARKET, BY TYPE
                        TABLE 180 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2017–2021 (USD MILLION)
                        TABLE 181 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2022–2028 (USD MILLION)
                        TABLE 182 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2017–2021 (KILOTON)
                        TABLE 183 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2022–2028 (KILOTON)
             10.5.3 MIDDLE EAST & AFRICA SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE
                        TABLE 184 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                        TABLE 185 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                        TABLE 186 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)
                        TABLE 187 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
             10.5.4 MIDDLE EAST & AFRICA SYNTHETIC LUBRICANTS MARKET, BY COUNTRY
                        TABLE 188 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)
                        TABLE 189 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2022–2028 (USD MILLION)
                        TABLE 190 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)
                        TABLE 191 MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2022–2028 (KILOTON)
                        10.5.4.1 GCC
                                     10.5.4.1.1 Significant investments in transportation networks, utilities, and real estate sector to drive market
                                     10.5.4.1.2 Saudi Arabia
                                                    10.5.4.1.2.1 Large oil & gas sector to drive market
                                                                      TABLE 192 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                                                                      TABLE 193 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                                                                      TABLE 194 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)
                                                                      TABLE 195 SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
                        10.5.4.2 Iran
                                     10.5.4.2.1 Developing automotive industry to drive market
                                                      TABLE 196 IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)
                                                      TABLE 197 IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)
                                                      TABLE 198 IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 199 IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.5.4.3 South Africa
                                     10.5.4.3.1 Need to significantly reduce CO2 emissions and fuel consumption to drive market
                                                      TABLE 200 SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                                                      TABLE 201 SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                                                      TABLE 202 SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)
                                                      TABLE 203 SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
     10.6 SOUTH AMERICA 
             10.6.1 IMPACT OF RECESSION ON SOUTH AMERICA
             10.6.2 SOUTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY TYPE
                        TABLE 204 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)
                        TABLE 205 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)
                        TABLE 206 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)
                        TABLE 207 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)
             10.6.3 SOUTH AMERICA SYNTHETIC LUBRICANTS MARKET,  BY PRODUCT TYPE
                        TABLE 208 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                        TABLE 209 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                        TABLE 210 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)
                        TABLE 211 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
             10.6.4 SOUTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY COUNTRY
                        TABLE 212 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)
                        TABLE 213 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2022–2028 (USD MILLION)
                        TABLE 214 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)
                        TABLE 215 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2022–2028 (KILOTON)
                        10.6.4.1 Brazil
                                     10.6.4.1.1 Significant investments in manufacturing industry to drive market
                                                      TABLE 216 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                                                      TABLE 217 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                                                      TABLE 218 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)
                                                      TABLE 219 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)
                        10.6.4.2 Argentina
                                     10.6.4.2.1 Developing mining industry to drive market
                                                      TABLE 220 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)
                                                      TABLE 221 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)
                                                      TABLE 222 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)
                                                      TABLE 223 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)
 
11 COMPETITIVE LANDSCAPE (Page No. - 200)
     11.1 INTRODUCTION 
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 224 OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR COMPANIES
     11.3 MARKET SHARE ANALYSIS 
             TABLE 225 DEGREE OF COMPETITION
             FIGURE 39 SHELL PLC LED SYNTHETIC LUBRICANTS MARKET IN 2022
             11.3.1 RANKING OF KEY MARKET PLAYERS, 2022
                        FIGURE 40 RANKING OF MAJOR PLAYERS IN SYNTHETIC LUBRICANTS MARKET, 2022
     11.4 REVENUE ANALYSIS OF MAJOR PLAYERS 
             FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES IN LAST 5 YEARS
     11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2022 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 42 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2022
             11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2022
                        11.5.5.1 Company overall footprint
                                      FIGURE 43 COMPANY OVERALL FOOTPRINT (25 COMPANIES)
                        11.5.5.2 Company region footprint
                                      TABLE 226 COMPANY REGION FOOTPRINT (25 COMPANIES)
                        11.5.5.3 Company type footprint
                                      TABLE 227 COMPANY TYPE FOOTPRINT (25 COMPANIES)
                        11.5.5.4 Company product type footprint
                                      TABLE 228 COMPANY PRODUCT TYPE FOOTPRINT (25 COMPANIES)
     11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2022 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 44 STARTUP/SME EVALUATION MATRIX, 2022
             11.6.5 COMPETITIVE BENCHMARKING, 2022
                        11.6.5.1 Detailed list of key startups/SMEs
                                      TABLE 229 DETAILED LIST OF KEY STARTUPS/SMES
                        11.6.5.2 Competitive benchmarking of key startups/SMEs
                                      TABLE 230 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.7 COMPANY EVALUATION AND FINANCIAL METRICS  OF KEY PLAYERS 
             FIGURE 45 COMPANY VALUATION OF KEY PLAYERS
             FIGURE 46 EV/EBITDA OF KEY PLAYERS
     11.8 BRAND/PRODUCT COMPARISON 
     11.9 COMPETITIVE SCENARIO AND TRENDS 
             11.9.1 PRODUCT LAUNCHES
                        TABLE 231 PRODUCT LAUNCHES (SEPTEMBER 2019–JANUARY 2024)
             11.9.2 DEALS
                        TABLE 232 DEALS (MAY 2019–JANUARY 2024)
             11.9.3 OTHER DEVELOPMENTS
                        TABLE 233 EXPANSIONS, INVESTMENTS, AND INNOVATIONS (JANUARY 2019–NOVEMBER 2023)
 
12 COMPANY PROFILES (Page No. - 222)
(Business overview, Products/Solutions/Services offered, Recent Developments, Product launches, Deals, Other developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
     12.1 KEY PLAYERS 
             12.1.1 SHELL PLC
                        TABLE 234 SHELL PLC: COMPANY OVERVIEW
                        FIGURE 47 SHELL PLC: COMPANY SNAPSHOT
                        TABLE 235 SHELL PLC: PRODUCTS /SOLUTIONS/SERVICES OFFERED
                        TABLE 236 SHELL PLC: PRODUCT LAUNCHES
                        TABLE 237 SHELL PLC: DEALS
                        TABLE 238 SHELL PLC: OTHER DEVELOPMENTS
             12.1.2 EXXON MOBIL CORPORATION
                        TABLE 239 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
                        FIGURE 48 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 240 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 241 EXXON MOBIL CORPORATION: PRODUCT LAUNCHES
                        TABLE 242 EXXON MOBIL CORPORATION: OTHER DEVELOPMENTS
             12.1.3 BP P.L.C.
                        TABLE 243 BP P.L.C.: COMPANY OVERVIEW
                        FIGURE 49 BP P.L.C.: COMPANY SNAPSHOT
                        TABLE 244 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 245 BP P.L.C.: OTHER DEVELOPMENTS
             12.1.4 CHEVRON CORPORATION
                        TABLE 246 CHEVRON CORPORATION: COMPANY OVERVIEW
                        FIGURE 50 CHEVRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 247 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 248 CHEVRON CORPORATION: PRODUCT LAUNCHES
                        TABLE 249 CHEVRON CORPORATION: DEALS
                        TABLE 250 CHEVRON CORPORATION: OTHER DEVELOPMENTS
             12.1.5 TOTALENERGIES SE
                        TABLE 251 TOTALENERGIES SE: COMPANY OVERVIEW
                        FIGURE 51 TOTALENERGIES SE: COMPANY SNAPSHOT
                        TABLE 252 TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 253 TOTALENERGIES SE: DEALS
                        TABLE 254 TOTALENERGIES SE: OTHER DEVELOPMENTS
             12.1.6 FUCHS
                        TABLE 255 FUCHS: COMPANY OVERVIEW
                        FIGURE 52 FUCHS: COMPANY SNAPSHOT
                        TABLE 256 FUCHS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 257 FUCHS: PRODUCT LAUNCHES
                        TABLE 258 FUCHS: DEALS
             12.1.7 IDEMITSU KOSAN CO., LTD.
                        TABLE 259 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW
                        FIGURE 53 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT
                        TABLE 260 IDEMITSU KOSAN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 261 IDEMITSU KOSAN CO., LTD.: PRODUCT LAUNCHES
                        TABLE 262 IDEMITSU KOSAN CO., LTD.: DEALS
                        TABLE 263 IDEMITSU KOSAN CO., LTD.: OTHER DEVELOPMENTS
             12.1.8 CHINA PETROLEUM & CHEMICAL CORPORATION
                        TABLE 264 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW
                        FIGURE 54 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
                        TABLE 265 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 266 CHINA PETROLEUM & CHEMICAL CORPORATION: DEALS
                        TABLE 267 CHINA PETROLEUM & CHEMICAL CORPORATION: OTHER DEVELOPMENTS
             12.1.9 LUKOIL
                        TABLE 268 LUKOIL: COMPANY OVERVIEW
                        FIGURE 55 LUKOIL: COMPANY SNAPSHOT
                        TABLE 269 LUKOIL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 270 LUKOIL: PRODUCT LAUNCHES
                        TABLE 271 LUKOIL: DEALS
                        TABLE 272 LUKOIL: OTHER DEVELOPMENTS
             12.1.10 PETROLIAM NASIONAL BERHAD (PETRONAS)
                        TABLE 273 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW
                        FIGURE 56 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT
                        TABLE 274 PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 275 PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS
                        TABLE 276 PETROLIAM NASIONAL BERHAD (PETRONAS): OTHER DEVELOPMENTS
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, Product launches, Deals, Other developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
     12.2 STARTUPS/SMES 
             12.2.1 INDIAN OIL CORPORATION LTD.
                        TABLE 277 INDIAN OIL CORPORATION LTD.: COMPANY OVERVIEW
             12.2.2 ENEOS HOLDINGS, INC.
                        TABLE 278 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW
             12.2.3 GULF OIL INTERNATIONAL LTD.
                        TABLE 279 GULF OIL INTERNATIONAL LTD.: COMPANY OVERVIEW
             12.2.4 ENOC COMPANY
                        TABLE 280 ENOC COMPANY: COMPANY OVERVIEW
             12.2.5 ENI S.P.A.
                        TABLE 281 ENI S.P.A.: COMPANY OVERVIEW
             12.2.6 SK INC.
                        TABLE 282 SK INC.: COMPANY OVERVIEW
             12.2.7 CEPSA
                        TABLE 283 CEPSA: COMPANY OVERVIEW
             12.2.8 GAZPROMNEFT-SM LLC
                        TABLE 284 GAZPROMNEFT-SM LLC: COMPANY OVERVIEW
             12.2.9 ADDINOL LUBE OIL GMBH
                        TABLE 285 ADDINOL LUBE OIL GMBH: COMPANY OVERVIEW
             12.2.10 BEL-RAY COMPANY LLC
                        TABLE 286 BEL-RAY COMPANY LLC: COMPANY OVERVIEW
             12.2.11 MORRIS LUBRICANTS
                        TABLE 287 MORRIS LUBRICANTS: COMPANY OVERVIEW
             12.2.12 PENRITE OIL COMPANY
                        TABLE 288 PENRITE OIL COMPANY: COMPANY OVERVIEW
             12.2.13 LIQUI MOLY GMBH
                        TABLE 289 LIQUI MOLY GMBH: COMPANY OVERVIEW
             12.2.14 DYADE LUBRICANTS
                        TABLE 290 DYADE LUBRICANTS: COMPANY OVERVIEW
             12.2.15 KLÜBER LUBRICATION
                        TABLE 291 KLÜBER LUBRICATION: COMPANY OVERVIEW
 
13 ADJACENT & RELATED MARKETS (Page No. - 280)
     13.1 INTRODUCTION 
     13.2 LIMITATIONS 
     13.3 MARINE LUBRICANTS MARKET 
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
     13.4 MARINE LUBRICANTS MARKET, BY REGION 
             TABLE 292 MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION)
             TABLE 293 MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 294 MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON)
             TABLE 295 MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON)
             13.4.1 NORTH AMERICA
                        TABLE 296 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY,  2017–2022 (USD MILLION)
                        TABLE 297 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 298 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 299 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
             13.4.2 ASIA PACIFIC
                        TABLE 300 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                        TABLE 301 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 302 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 303 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
             13.4.3 EUROPE
                        TABLE 304 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION)
                        TABLE 305 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 306 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 307 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
             13.4.4 SOUTH AMERICA
                        TABLE 308 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY,  2017–2022 (USD MILLION)
                        TABLE 309 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
                        TABLE 310 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON)
                        TABLE 311 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON)
             13.4.5 MIDDLE EAST & AFRICA
                        TABLE 312 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY,  2017–2022 (USD MILLION)
                        TABLE 313 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
                        TABLE 314 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY,  2017–2022 (KILOTON)
                        TABLE 315 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY,  2023–2028 (KILOTON)
 
14 APPENDIX (Page No. - 291)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size for Synthetic Lubricants market. Intensive secondary research was done to gather information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Primary Research

The Synthetic Lubricants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized from key opinion leaders in various applications for the Synthetic Lubricants market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Breakdown of Primary Participants

Synthetic Lubricants Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

COMPANY NAME

DESIGNATION

Shell plc

Global Strategy & Innovation Manager

Exxon Mobil Corporation

Technical Sales Manager

BP p.l.c,

Senior Supervisor

Chevron Corporation

Production Supervisor

China Petroleum & Chemical Company

Production Manager

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Synthetic Lubricants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry have been identified through extensive secondary research.
  • The supply chain of the industry has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Synthetic Lubricants Market: Bottom-Up Approach

Synthetic Lubricants Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Synthetic Lubricants Market: Top-Down Approach

Synthetic Lubricants Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the Synthetic Lubricants industry.

Market Definition

Synthetic oil is a lubricant consisting of chemical compounds that are artificially modified or synthesised. In addition to being made from different source materials, synthetic lubricants can also be produced from complete crude oil by utilising chemically altered petroleum components. But the majority of the starting material is still crude oil, which is distilled before being physically and chemically altered. Synthetic lubricants are engineered to provide superior performance characteristics compared to conventional mineral-based lubricants.

Key Stake Holders

  • Synthetic Lubricants’ manufacturers
  • Raw material manufacturers
  • Government planning commissions and research organizations
  • Industry associations
  • End-use industries
  • R&D institutions

Report Objectives

  • To analyze and forecast the size of the Synthetic Lubricants market in terms of value and volume
  • To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
  • To define, describe, and segment the Synthetic Lubricants market based on type and product type
  • To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional product type or type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Feb, 2024
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