Synthetic Lubricants Market by Type (PAO, Esters, Group III, PAG), by Application (Engine Oil, Metalworking Fluids, and Industrial) and by Regions (Europe, North America, Asia-Pacific and Rest of the World) - Global Trends & Forecasts to 2020
[145 Pages Report] The synthetic lubricants’ market is estimated to be worth USD 31.0 billion in 2014 and is projected to reach USD 36.0 billion by 2020, at a CAGR of 2.5% between 2015 and 2020. The growing automotive industry and industrialization in the Asia-Pacific region is driving the global synthetic lubricants market. Moreover, the unique properties of PAG synthetic lubricants such as water solubility, high viscosity indexes, and bio-degradability is also contributing to the growth of the market. In this report, 2014 is considered as the base year and forecast period is between 2015 and 2020.
Market Dynamics
Drivers
- Increasing use of synthetic lubricants
- Growing automotive industry and industriliazation in Asia-Pacific
- Favorable properties of PAG such as water solubility, high viscocity indexes, and biodegradability
- Increased consumer awareness and stringent government regulations
Restraints
- Higher cost of synthetic lubricants as compared to conventional mineral oil
Opportunities
- Stringent Environmental Regulations to Boost Sales of Synthetic Lubricants
Growing automotive industry and industriliazation in Asia-Pacific
The synthetic lubricants market is driven by the growing automotive industries and industrialization in the Asia-Pacific region. The automotive industry is one of the major consumers of PAG-based lubricants. The increasing demand for automobiles can be attributed to the increasing disposable income of people and industrial growth in this region. There has been a consistent rise in the number of vehicles in use in this region over the past decade. This is driving the sales of PAG based lubricants and, ultimately, synthetic lubricants in this region. The demand for automobiles is mainly increasing in major emerging economies such as China, India, and Indonesia. The increasing sale of passenger and commercial vehicles in Asia- Pacific region is also driving the overall PAG market and, in turn is driving the demand for synthetic lubricants.
The objectives of this study are:
- To analyze and forecast the market size, in terms of value and volume, of the global synthetic lubricants market
- To define, describe, and forecast the global market for synthetic lubricants on the basis of application, type, and region
- To forecast the market size of the global synthetic lubricants market and its different submarkets by four regions — Europe, North America, Asia-Pacific, and Rest of the World
- To analyze the market at the country level for each region
- To identify significant market trends and the factors driving or inhibiting the growth of the global synthetic lubricants market and its different submarkets
- To strategically analyze each submarket with respect to individual growth trend and its contribution to the global synthetic lubricants market
- To analyze opportunities in the market for the stakeholders by identifying high-growth segments of the synthetic lubricants market
- To analyze competitive developments such as expansions, joint ventures, new products launches, and acquisitions in the synthetic lubricants market
- To strategically profile the key players and comprehensively analyze their core competencies
This technical, market-oriented, and commercial research study of the global synthetic lubricants market involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva), to identify and collect information. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:
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The value chain of synthetic lubricants include raw material manufacturing companies such as ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), BP p.l.c. (U.K.), and others. These companies are vertically integrated, they produce raw material i.e. crude oil and use it for the production of various industrial lubricants. However, companies such as AMS Oil (U.S.), Bell-Ray Company, LLC. (U.S.), are engaged in the production of synthetic lubricants using crude oil and additives that are provided by raw material suppliers. After the completion of the production process, synthetic lubricants are distributed in the market through different channels. The blending plants supply their products to distributors, which are further distributed among, retailers, independent workshops, and garages.
Major Market Developments
- In December 2015, ExxonMobil launched readily biodegradable synthetic hydraulic oil, Mobil SHC Hydraulic EAL (Environmentally Acceptable Lubricant). The high performance lubricant is mainly used for industries where EALs are required such as gas applications and offshore oil
- In December 2015, Royal Dutch Shell Plc. opened a new alphaolefin manufacturing plant for USD 717 million at the 800-acre Geismar site, located on the east bank of Mississippi river. This expansion helped the company expand its manufacturing operations and take advantage of low natural gas prices
- In June 2015, Chevron Malaysia Limited, a subsidiary of Chevron Corporation launched fully synthetic lubricant Havoline ProDS Fully Synthetic ECO 5 SAE 5W-30. The product is formulated with friction modified technology and helps in reducing the vehicle's overall carbon footprint with its low oil consumption
The target audiences for the synthetic lubricants market report are as follows:
- Synthetic lubricants manufacturers
- Synthetic lubricants suppliers
- Synthetic lubricants formulators
- Raw material suppliers
- Service providers
- End users such as automobile, aviation, marine, and manufacturing companies
Scope of the Report:
This report categorizes the global market for synthetic lubricants on the basis of type, application, and geography.
Synthetic lubricants market, by type:
- PAO, Esters
- Group III (Hydro Cracking)
- PAG
Synthetic lubricants market, by Application:
- Engine oil
- Metalworking Fluids
- Industrial
Synthetic lubricants market, by Region:
- Europe
- Germany
- UK
- France
- Italy
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of the World
- UAE
- Egypt
- South Africa
Critical questions which the report answers
- What are new product lubricants companies are exploring?
- Which are the key players in the market and how intense is the competition?
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options (not limited to) are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country, additional application, and/or type
Country Information
- Additional country information (Up to 3)
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
The global synthetic lubricants market is projected to be worth USD 36.0 billion by 2020, registering a CAGR of 2.5% between 2015 and 2020. This high growth is owed to consumer awareness in developed countries of North America and Western Europe. The majority of the garage owners, technicians, and automotive engineers in these regions are well aware of the high performance benefits offered by synthetic lubricants over conventional mineral oil lubricants. Moreover, strong OEM recommendation to use high performance lubricants coupled with the stringent emission control regulations in these countries is also driving the demand for synthetic lubricants.
Synthetic lubricants are manufactured by the combination of base oil and additives. Synthetic lubricants have enhanced quality and have several advantages over other conventional mineral-based lubricants. Synthetic lubricants can perform efficiently in extreme conditions and difficult environmental situations. Synthetic lubricants acquire good viscosity to extreme temperature and are also stable at high and low temperatures.
The engine oil application segment dominated the synthetic lubricants market, however, the industrial application segment is projected to register the fastest growth rate in the overall market. The improved standard of living and increasing consumer awareness regarding high performance benefits offered by synthetic lubricants over the conventional mineral oil lubricants in emerging economies are contributing to the growth of the global market.
The synthetic lubricants market is classified on the basis of type: PAO, Esters, Group III (Hydro Cracking), and PAG. The synthetic lubricants market is dominated by PAO (polyalpha Olefins) because of its improved oxidative property and thermal stability. PAO are most commonly used in engine oils, hydraulic oils, transmission oils, and compressor oils application. Group III (Hydro Cracking), due to its high cost as compared to conventional base oil group, is expected register slow growth during the forecast period between 2015 and 2020.
Currently, Europe is the largest market for synthetic lubricants. However, Asia-Pacific is the fastest-growing market for synthetic lubricants due to high demand from major markets such as China, India, and Japan. The growing automotive industry in the Asia-Pacific region is also driving the market for synthetic lubricants.
Engine oil, metalworking fluids, and industrial applications to drive the growth of synthetic lubricants market
Engine Oil
Engine oil in automobiles is mainly used to reduce metal-to-metal- contact to minimize overall friction and reduce damage. Moreover, emphasis on fuel economy drives the use of synthetic lubricants and other lighter viscosity grade lubricants for passenger car motor oil (PCMO). Fully synthetic engine oil delivers better cleansing, more protection, and less engine wear. Synthetic engine oil possess characteristic such as low viscosity, high oxidation resistance, and higher purity than mineral oil.
Metalworking Fluids
Metalworking fluids are range of oils and other liquids that are used to cool and/or lubricate metal workpiece when machined, ground, milled, and so on. Metalworking fluids reduce the heat and friction between the cutting tool and the workpiece, thereby help to prevent burning and smoking. They inhibit rust formation to avoid damage to machine parts and the workpiece.
Industrial
Industrial lubricants are defined as fluids that are used to reduce friction and lessen material wear and tear. They can be either water-based or petroleum-based. The varying temperatures and high friction during industrial processes make it essential to use synthetic lubricants. This material enables effective functioning of machineries and equipment. Synthetic lubricants help to increase the durability of the machineries and equipment.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming product type of Synthetic lubricants?
“To speak to our analyst for a discussion on the above findings, click the Speak to Analyst tab provided above.”
The major factor restraining the growth of the synthetic lubricants market is its high cost compared to conventional mineral oils. The price of synthetic lubricants can be as high as 2-5 times that of mineral oil lubricants; and up to 5-8 times that bio-based lubricants.
Some of the important synthetic lubricants companies are ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Fuchs Petrolub SE (Germany), Total S.A. (France), Chevron Corporation (U.S.), Lubrizol Corporation (U.S.), Idemitsu Kosan Co. Ltd (Japan), Pennzoil (U.S.), The Dow Chemical Company (U.S.), and Petroliam Nasional Berhad (Malaysia). The players in this market need to compete with each other with respect to prices and offering wide product range to meet the market requirements.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stake Holders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Significant Market Opportunities (2015-2020)
4.2 Synthetic Lubricants Market to Grow at A Moderate Rate
4.3 Europe Synthetic Lubricants Market Scenario, By Country and Type
4.4 Market Attractiveness, 2015–2020
4.5 Market, By Type
4.6 Life Cycle Analysis, By Region
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Synthetic Lubricants Market Segmentation
5.2.1 Market, By Type
5.2.2 Market, By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Use of Synthetic Lubricants
5.3.1.2 Growing Automotive Industry and Industrialization in Asia-Pacific
5.3.1.3 Favorable Properties of PAG Such as Water Solubility, High Viscosity Indexes, and Bio-Degradability
5.3.1.4 Increased Consumer Awareness and Stringent Government Regulations
5.3.2 Restraints
5.3.2.1 Higher Cost of Synthetic Lubricants as Compared to Conventional Mineral Oils
5.3.3 Opportunities
5.3.3.1 Stringent Environmental Regulations to Boost Sales of Synthetic Lubricants
6 Industry Trends (Page No. - 42)
6.1 Introduction
6.2 Value-Chain Analysis
6.2.1 Raw Material
6.2.2 Blending
6.2.3 Distribution
6.2.4 End User
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Strategic Benchmarking
6.4.1 New Product Launch/Develoment/Innovation
6.4.2 Expansions
6.4.3 Partnerships & Collaborations
7 Synthetic Lubricants Market, By Type (Page No. - 48)
7.1 Introduction
7.2 PAO (Polyalphaolefin)
7.3 Esters
7.4 Group III (Hydro Cracking)
7.5 PAG (Polyalkylene Glycol)
8 Market, By Application (Page No. - 58)
8.1 Introduction
8.2 Engine Oil
8.3 Metalworking Fluids
8.4 Industrial
9 Synthetic Lubricants Market, By Region (Page No. - 67)
9.1 Introduction
9.2 Europe
9.2.1 European Synthetic Lubricants Market, By Type
9.2.2 European Market, By Application
9.2.3 European Market, By Country
9.2.3.1 Germany
9.2.3.2 U.K.
9.2.3.3 France
9.2.3.4 Italy
9.3 North America
9.3.1 North American Synthetic Lubricants Market, By Type
9.3.2 North American Market, By Application
9.3.3 North American Market, By Country
9.3.3.1 U.S.
9.3.3.2 Canada
9.3.3.3 Mexico
9.4 Asia-Pacific
9.4.1 Asia-Pacific Synthetic Lubricants Market, By Type
9.4.2 Asia-Pacific Market, By Application
9.4.3 Asia-Pacific Market, By Country
9.4.3.1 China
9.4.3.2 Japan
9.4.3.3 India
9.4.3.4 South Korea
9.5 RoW
9.5.1 RoW Synthetic Lubricants Market, By Type
9.5.2 RoW Market, By Application
9.5.3 RoW Market, By Country
9.5.3.1 UAE
9.5.3.2 Egypt
9.5.3.3 South Africa
10 Competitive Landscape (Page No. - 97)
10.1 Overview
10.2 New Product Launches: Most Popular Growth Strategy
10.3 Maximum Developments in North America
10.4 Maximum Developments Recorded in 2014
10.5 Competitive Situations and Trends
10.5.1 New Product Launches/Developments/Innovations
10.5.2 Expansions
10.5.3 Partnerships & Collaborations
10.5.4 Contracts & Agreements
10.5.5 Acquisitions
10.5.6 Joint Ventures
11 Company Profiles (Page No. - 106)
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 Introduction
11.2 Exxonmobil Corporation
11.3 Royal Dutch Shell PLC.
11.4 The DOW Chemical Company
11.5 Fuchs Petolub SE
11.6 Total S.A.
11.7 Idemitsu Kosan Co. Ltd
11.8 BP PLC
11.9 Petroliam Nasional Berhad (Petronas)
11.10 Chevron Corporation
11.11 Lubrizol Corporation
11.12 Pennzoil
*Details Might Not Be Captured in Case of Unlisted Companies
12 Appendix (Page No. - 131)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
List of Tables (90 Tables)
Table 1 Synthetic Lubricants Market, By Type
Table 2 Market, By Application
Table 3 Market Size, By Type, 2013–2020 (USD Million)
Table 4 Market Size, By Type, 2013–2020 (Kiloton)
Table 5 PAO Synthetic Lubricants Market Size, By Region, 2013–2020 (USD Million)
Table 6 PAO Market Size, By Region, 2013–2020 (Kiloton)
Table 7 Esters Synthetic Lubricant Market Size, By Region, 2013–2020 (USD Million)
Table 8 Esters Market Size, By Region, 2013–2020 (Kiloton)
Table 9 Group III (Hydro Cracking) Synthetic Lubricant Market Size, By Region, 2013–2020 (USD Million)
Table 10 Group III (Hydro Cracking) Market Size, By Region, 2013–2020 (Kiloton)
Table 11 PAG Synthetic Lubricant Market Size, By Region, 2013–2020 (USD Million)
Table 12 PAG Synthetic Lubricants Market Size, By Region, 2013–2020 (Kiloton)
Table 13 Synthetic Lubricant Market Size, By Application, 2013–2020 (USD Million)
Table 14 Synthetic Lubricant Market Size, By Application, 2013–2020 (Kiloton)
Table 15 Synthetic Lubricant Market Size in Engine Oil Application, By Region, 2013–2020 (USD Million)
Table 16 Synthetic Lubricant Market Size in Engine Oil Application, By Region, 2013–2020 (Kiloton)
Table 17 Synthetic Lubricant Market Size in Metalworking Fluids Application, By Region, 2013–2020 (USD Million)
Table 18 Synthetic Lubricant Market Size in Metalworking Fluids Application, By Region, 2013–2020 (Kiloton)
Table 19 Synthetic Lubricant Market Size in Industrial Application, By Region, 2013–2020 (USD Million)
Table 20 Synthetic Lubricant Market Size in Industrial Application, By Region, 2013–2020 (Kiloton)
Table 21 Synthetic Lubricant Market Size, By Region, 2013–2020 (USD Million)
Table 22 Synthetic Lubricant Market Size, By Region, 2013–2020 (Kiloton)
Table 23 Europe: Synthetic Lubricant Market Size, By Type, 2013-2020 (USD Million)
Table 24 Europe: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 25 Europe: Synthetic Lubricant Market Size, By Application, 2013-2020 (USD Million)
Table 26 Europe: Synthetic Lubricant Market Size, By Application, 2013-2020 (Kiloton)
Table 27 Europe: Synthetic Lubricant Market Size, By Country, 2013-2020 (USD Million)
Table 28 Europe: Synthetic Lubricants Market Size, By Country, 2013-2020 (Kiloton)
Table 29 Germany: Market Size, By Type, 2013-2020 (USD Millon)
Table 30 Germany: Market Size, By Type, 2013-2020 (Kiloton)
Table 31 U.K.: Market Size, By Type, 2013-2020 (USD Millon)
Table 32 U.K.: Market Size, By Type, 2013-2020 (Kiloton)
Table 33 France: Market Size, By Type, 2013-2020 (USD Millon)
Table 34 France: Market Size, By Type, 2013-2020 (Kiloton)
Table 35 Italy: Market Size, By Type, 2013-2020 (USD Millon)
Table 36 Italy: Market Size, By Type, 2013-2020 (Kiloton)
Table 37 North America: Synthetic Lubricants Market Size, By Type, 2013-2020 (USD Million)
Table 38 North America: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 39 North America: Synthetic Lubricant Market Size, By Application, 2013-2020 (USD Million)
Table 40 North America: Synthetic Lubricant Market Size, By Application, 2013-2020 (Kiloton)
Table 41 North America: Synthetic Lubricant Market Size , By Country, 2013-2020 (USD Million)
Table 42 North America: Synthetic Lubricant Market Size, By Country, 2013-2020 (Kiloton)
Table 43 U.S.: Market Size, By Type, 2013-2020 (USD Millon)
Table 44 U.S.: Market Size, By Type, 2013-2020 (Kiloton)
Table 45 Canada: Market Size, By Type, 2013-2020 (USD Millon)
Table 46 Canada: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 47 Mexico: Synthetic Lubricant Market Size, By Type, 2013-2020 (USD Millon)
Table 48 Mexico: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 49 Asia-Pacific: Synthetic Lubricants Market Size, By Type, 2013-2020 (USD Million)
Table 50 Asia-Pacific: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 51 Asia-Pacific: Synthetic Lubricant Market Size, By Application, 2013-2020 (USD Million)
Table 52 Asia-Pacific: Synthetic Lubricant Market Size, By Application, 2013-2020 (Kiloton)
Table 53 Asia-Pacific: Synthetic Lubricant Market Size, By Country, 2013-2020 (USD Million)
Table 54 Asia-Pacific: Synthetic Lubricant Market Size, By Country, 2013-2020 (Kiloton)
Table 55 China: Market Size, By Type, 2013-2020 (USD Millon)
Table 56 China: Market Size, By Type, 2013-2020 (Kiloton)
Table 57 Japan: Synthetic Lubricant Market Size, By Type, 2013-2020 (USD Millon)
Table 58 Japan: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 59 India: Synthetic Lubricant Market Size, By Type, 2013-2020 (USD Millon)
Table 60 India: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 61 South Korea: Market Size, By Type, 2013-2020 (USD Millon)
Table 62 South Korea: Market Size, By Type, 2013-2020 (Kiloton)
Table 63 RoW: Synthetic Lubricants Market Size, By Type, 2013-2020 (USD Million)
Table 64 RoW: Market Size, By Type, 2013-2020 (Kiloton)
Table 65 RoW: Market Size, By Application, 2013-2020 (USD Million)
Table 66 RoW: Synthetic Lubricant Market Size, By Application, 2013-2020 (Kiloton)
Table 67 RoW: Synthetic Lubricant Market Size, By Country, 2013-2020 (USD Million)
Table 68 RoW: Synthetic Lubricant Market Size, By Country, 2013-2020 (Kiloton)
Table 69 UAE: Synthetic Lubricant Market Size, By Type, 2013-2020 (USD Millon)
Table 70 UAE: Synthetic Lubricant Market Size, By Type, 2013-2020 (Kiloton)
Table 71 Egypt: Market Size, By Type, 2013-2020 (USD Millon)
Table 72 Egypt: Market Size, By Type, 2013-2020 (Kiloton)
Table 73 South Africa: Synthetic Lubricants Market Size, By Type, 2013-2020 (USD Millon)
Table 74 South Africa: Market Size, By Type, 2013-2020 (Kiloton)
Table 75 New Product Launches, 2011–2015
Table 76 Expansions, 2011–2015
Table 77 Partnerships & Collaborations, 2011–2015
Table 78 Contracts & Agreements, 2011–2015
Table 79 Acquisitions, 2011–2015
Table 80 Joint Ventures, 2011–2015
Table 81 Exxonmobil Corporation: Products and Their Description
Table 82 Royal Dutch Shell PLC.: Products and Their Descriptions
Table 83 The DOW Chemical Comapany : Products and Their Descriptions
Table 84 Fuchs Petrolub SE : Products and Their Descriptions
Table 85 Total S.A. : Products and Their Descriptions
Table 86 BP PLC. : Products and Their Descriptions
Table 87 Petronas: Products and Their Descriptions
Table 88 Chevron Corporation: Products and Their Descriptions
Table 89 Lubrizol Corporation: Products and Their Description
Table 90 Pennzoil: Products and Their Description
List of Figures (57 Figures)
Figure 1 Synthetic Lubricants: Market Segmentation
Figure 2 Synthetic Lubricant Market, Research Design
Figure 3 Key Data From Secondary Sources
Figure 4 Key Data From Primary Sources
Figure 5 Key Industry Insights
Figure 6 Breakdown of Primary Interviews
Figure 7 Market Size Estimation: Bottom-Up Approach
Figure 8 Market Size Estimation: Top-Down Approach
Figure 9 Market Breakdown and Data Triangulation
Figure 10 Market Snapshot, By Type (2015 Vs. 2020)
Figure 11 Synthetic Lubricants Market for Industrial Application to Register Highest CAGR Between 2015 and 2020
Figure 12 Asia-Pacific to Register Highest CAGR Between 2015 and 2020
Figure 13 Europe to Dominate Synthetic Lubricants Market Between 2015 and 2020
Figure 14 Long Term Sustainibility of the Synthetic Lubricant Market Between 2015 and 2020
Figure 15 Synthetic Lubricants Market: Moderate Growth Expected Between 2015 and 2020
Figure 16 Europe Synthetic Lubricant Market: PAO Accounted for the Largest Share of the Market in 2014
Figure 17 Asia-Pacific Projected to Be the Fastest-Growing Market for Synthetic Lubricants Between 2015 and 2020
Figure 18 PAO Dominates the Market in All Regions Between 2015-2020
Figure 19 Asia-Pacific to Experience High Growth During Forecast Period
Figure 20 Drivers, Restraints and Opportunities of in the Synthetic Lubricants Market
Figure 21 Value Chain of Synthetic Lubricants Market
Figure 22 Porter’s Five Forces Analysis
Figure 23 Strategic Benchmarking: Exxonmobil Corporation Focusing on New Product Launch to Create Biodregadable Synthetic Hydraulic Oil
Figure 24 Strategic Benchmarking: Fuchs Petrolub SE and Exxonmobil Corporation Adopted Expansion to Improve Product Offerings
Figure 25 Strategic Benchmarking: Exxonmobil Corporation and Royal Dutch Shell PLC. Focused on Partnerships & Collaborations
Figure 26 PAO to Dominate the Synthetic Lubricant Market Between 2015 and 2020
Figure 27 Europe Drives the Demand of PAO in the Synthetic Lubricants Market Between 2015 and 2020
Figure 28 Europe: the Largest Market for Esters in 2015
Figure 29 Asia-Pacific to Drive Group III (Hydro Cracking) Synthetic Lubricants Market During the Forecast Period
Figure 30 Europe to Drive the PAG Demand in the Synthetic Lubricant Market Between 2015 and 2020
Figure 31 Engine Oil Application is Expected to Dominate the Synthetic Lubricant Market During 2015 and 2020
Figure 32 Europe to Dominate the Engine Oil Application of the Synthetic Lubricant Market Between 2015 and 2020
Figure 33 Increasing Demand From Manufacturing Industries to Drive the Growth of Metalworking Fluids Application During 2015 and 2020
Figure 34 North America is the Second-Largest Market for Industrial Application During 2015 and 2020
Figure 35 Regional Snapshot (2015-2020): Asia-Pacific Countries to Drive the Market
Figure 36 Europe Synthetic Lubricants Market Snapshot: Germany and U.K. Leading the European Market
Figure 37 North American Market Snapshot: Majority of Key Players Based in the U.S.
Figure 38 Asia-Pacific Market Snapshot: China and Japan Were the Largest Synthetic Lubricant Market in 2014
Figure 39 Companies Primarily Adopted Organic Growth Strategies Between 2011 and 2015
Figure 40 Key Growth Strategies Adopted in the Synthetic Lubricant Market, 2011–2015
Figure 41 North America: the Most Active Region
Figure 42 Market Developmental Share, 2011–2015
Figure 43 Regional Revenue Mix of Top 5 Market Players
Figure 44 Exxonmobil Corporation: Company Snapshot
Figure 45 Exxonmobil Corporation: SWOT Analysis
Figure 46 Royal Dutch Shell PLC.: Company Snapshot
Figure 47 Royal Dutch Shell PLC.: SWOT Analysis
Figure 48 The DOW Chemical Company: Company Snapshot
Figure 49 The DOW Chemical Company: SWOT Analysis
Figure 50 Fuchs Petrolub SE: Company Snapshot
Figure 51 Fuchs Petrolob SE: SWOT Analysis
Figure 52 Total S.A.: Company Snapshot
Figure 53 Toatal S.A.: SWOT Analysis
Figure 54 Idemitsu Kosan Co. Ltd. : Company Snapshot
Figure 55 BP PLC: Company Snapshot
Figure 56 Petronas: Company Snapshot
Figure 57 Chevron Corporation: Company Snapshot
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