Latest research report on “Synthetic Lubricants Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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Synthetic lubricants are a combination of synthetic base oil plus thickeners and additives that will give the grease or oil lubricant a number of performance advantages over conventional mineral based lubricants.
Synthetic lubricants are artificially made or synthesized from compounds found in other source, such as petroleum oil, gas, or reactions of acids and alcohols.
Commonly, synthetic lubricants can be classified as full-synthetic lubricants and semi-synthetic lubricants according to base oil used. In this report, both of the two kinds will be analyzed and counted.
This report contains market size and forecasts of Synthetic Lubricants in global, including the following market information:
Global Synthetic Lubricants Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Synthetic Lubricants Market Sales, 2017-2022, 2023-2028, (K Tonnes)
Global top five Synthetic Lubricants companies in 2021 (%)
The global Synthetic Lubricants market was valued at 57950 million in 2021 and is projected to reach US$ 88410 million by 2028, at a CAGR of 6.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Poly-alpha-olefin (PAO) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Synthetic Lubricants include Exxon Mobil, Shell, BP Castrol, Chevron, Total, Idemitsu Kosan, BASF, Fuchs and Ashland Valvoline, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Synthetic Lubricants manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Synthetic Lubricants Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Tonnes)
Global Synthetic Lubricants Market Segment Percentages, by Type, 2021 (%)
– Poly-alpha-olefin (PAO)
– Poly-alkylene-glycol (PAG)
– Di-basic acid ester (Di-Ester)
Global Synthetic Lubricants Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Tonnes)
Global Synthetic Lubricants Market Segment Percentages, by Application, 2021 (%)
– Industrial Lubricants
– Commercial Vehicles
– Passenger Car
Global Synthetic Lubricants Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Tonnes)
Global Synthetic Lubricants Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Synthetic Lubricants revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Synthetic Lubricants revenues share in global market, 2021 (%)
Key companies Synthetic Lubricants sales in global market, 2017-2022 (Estimated), (K Tonnes)
Key companies Synthetic Lubricants sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Exxon Mobil
– BP Castrol
– Idemitsu Kosan
– Ashland Valvoline
– Delian Group
– Original Chemical
– GAOKE PETROCHEMICAL
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