Global Synthetic Lubricants (Group IV, Group V) Market By Product (PAO, Esters, PAG), By Application (Engine Oils, HTF, Transmission Fluids, Metalworking Fluids) Expected to Reach USD 5.54 Billion by 2020: Grand View Research, Inc
The global market for synthetic lubricants is expected to reach USD 5.54 billion by 2020, according to a new study by Grand View Research, Inc. Increasing penetration in automobile applications is expected to be a key driving force for the market, particularly in light of positive automotive outlook in India, China, South Korea and Brazil. Endorsement of synthetic oil manufacturers by OEMs is further expected to product boost demand over the forecast period. However, the high cost of synthetic oils in comparison to their mineral counterparts is a key challenge for the development of the market. Engine oils were the largest application segment accounting for 39% of market revenue in 2013. The growing awareness of benefits of synthetic lubricants in terms of engine efficiency is expected to be a key driving factor for the development of the market. Another key application market for synthetic oils was heat transfer fluids in heat exchangers and heavy machinery. View summary of this report analysis/synthetic-lubricants-market
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Table of Contents Chapter 1 Executive Summary 1.1 Synthetic lubricants – Industry Summary & Critical Success Factors (CSFs) Chapter 2 Synthetic Lubricants Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Synthetic Lubricants Value Chain Analysis 2.4 Synthetic Lubricants Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Growing automotive industry 2.4.1.2 Growing demand in Asia Pacific and South America 2.4.2 Market restraint analysis 2.4.2.1 High Cost 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter’s 2.7 Synthetic Lubricants - Company Market Share Analysis 2.8 Synthetic Lubricants - PESTEL Analysis Chapter 3 Synthetic lubricants Product Outlook 3.1 Group IV (PAO) 3.1.1 Global Group IV lubricants volume and revenue, 2012 – 2020 (Kilo Tons) (USD Million) 3.2 Group V (Esters) 3.2.1 Global Group V (Esters) lubricants volume and revenue, 2012 – 2020 (Kilo Tons) (USD Million) 3.3 Group V (PAG) 3.3.1 Global Group V (PAG) volume and revenue, 2012 – 2020 (Kilo Tons) (USD Million) Chapter 4 Synthetic Lubricants Application Outlook 4.1 Engine Oils 4.1.1 Demand for synthetic lubricants as engine oils, 2012 – 2020 (Kilo Tons) (USD Million) 4.2 Heat Transfer Fluids (HTF) 4.2.1 Demand for synthetic lubricants as HTF, 2012 – 2020 (Million Kilo Tons) (USD Million) 4.3 Transmission Fluids 4.3.1 Demand for synthetic lubricants as transmission fluids, 2012 – 2020 (Kilo Tons) (USD Million) 4.4 Metalworking Fluids 4.4.1 Demand for synthetic lubricants as metalworking fluids, 2012 – 2020 (Kilo Tons) (USD Million) 4.5 Others 4.5.1 Demand for synthetic lubricants in others application, 2012 – 2020 (Kilo Tons) (USD Million)
Chapter 5 Synthetic Lubricants Regional Outlook 5.1 North America 5.1.1 Synthetic lubricants market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 5.2 Europe 5.2.1 Synthetic lubricants volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 5.3 Asia Pacific 5.3.1 Synthetic lubricants volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 5.4 RoW 5.4.1 Synthetic lubricants volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) Chapter 6 Synthetic Lubricants Competitive Landscape 6.1 Exxon Mobil 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 Shell 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 British Petroleum 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 Valvoline 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 Total 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6 Chevron 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives
6.7 Fuchs 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8 Pennzoil 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9 Kendall 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10 Amsoil 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives Chapter 7 Methodology and Scope 7.1 Research Methodology 7.2 Research Scope & Assumption 7.3 List of Data Sources
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List of Tables 1. Global Synthetic lubricants market volume and revenue, 2012 - 2020 2. Global Synthetic lubricants market volume by region, (Kilo tons), 2012 - 2020 3. Global Synthetic lubricants market revenue by region, (USD Million), 2012 – 2020 4. Global Synthetic lubricants market volume by product, (Kilo tons), 2012 - 2020 5. Global Synthetic lubricants market revenue by product, (USD Million), 2012 – 2020 6. Global Synthetic lubricants market volume by application, (Kilo tons), 2012 - 2020 7. Global Synthetic lubricants market revenue by application, (USD Million), 2012 – 2020 8. Global PAO based lubricants market volume, 2012 - 2020 (Kilo tons) 9. Global PAO based lubricants chemicals market revenue, 2012 - 2020 (USD Million) 10. Global Ester based lubricants market volume, 2012 - 2020 (Kilo tons) 11. Global Ester based lubricants market revenue, 2012 - 2020 (USD Million) 12. Global PAG based lubricants market volume, 2012 - 2020 (Kilo tons)
13. Global PAG based lubricants market revenue, 2012 - 2020 (USD Million) 14. Global demand for synthetic lubricants in engine oils, 2012 – 2020 (Kilo tons) 15. Global demand for synthetic lubricants in engine oils, 2012 – 2020 (USD Million) 16. Global demand for synthetic lubricants in HTF, 2012 – 2020 (Kilo tons) 17. Global demand for synthetic lubricants in HTF, 2012 – 2020 (USD Million) 18. Global demand for synthetic lubricants in transmission fluids, 2012 – 2020 (Kilo tons) 19. Global demand for synthetic lubricants in transmission fluids, 2012 – 2020 (USD Million) 20. Global demand for synthetic lubricants in metalworking fluids, 2012 – 2020 (Kilo tons) 21. Global demand for synthetic lubricants in metal working fluids, 2012 – 2020 (USD Million) 22. Global demand for synthetic lubricants in other application, 2012 – 2020 (Kilo tons) 23. Global demand for synthetic lubricants in other application, 2012 – 2020 (USD Million) 24. North America Synthetic lubricants market volume (Kilo tons), 2012 - 2020 25. North America Synthetic lubricants market revenue (USD Million), 2012 – 2020 26. Europe Synthetic lubricants market volume (Kilo tons), 2012 - 2020 27. Europe Synthetic lubricants market revenue (USD Million), 2012 – 2020 28. Asia Pacific Synthetic lubricants market volume (Kilo tons), 2012 - 2020 29. Asia Pacific Synthetic lubricants market revenue (USD Million), 2012 – 2020 30. RoW Synthetic lubricants market volume (Kilo tons), 2012 - 2020 31. RoW Synthetic lubricants market revenue (USD Million), 2012 – 2020
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List of Figures 1. Synthetic lubricants industry summary & critical success factors (CSFs) 2. Synthetic lubricants market segmentation 3. Global Synthetic lubricants market (volume & revenue), 2012 - 2020 4. Global Synthetic lubricants volumes growth by region, (Kilo tons), 2012 – 2020 5. Global Synthetic lubricants volumes growth by product, (Kilo tons), 2012 - 2020 6. Global Synthetic lubricants volumes growth by application, (Kilo tons), 2012 - 2020 7. Synthetic lubricants market dynamics 8. Synthetic lubricants company market share analysis, 2013 9. Key opportunities prioritized 10. Industry analysis - Porter's 11. Synthetic lubricants PESTEL analysis, 2013 12. Synthetic lubricants market volume share by product, 2013 & 2020 13. Global PAO based synthetic lubricant market volume and revenue, 2012 – 2020
14. Global ester based synthetic lubricant market volume and revenue, 2012 - 2020 15. Global PAG based synthetic lubricant market volume and revenue, 2012 – 2020 16. Synthetic lubricants market volume share by application, 2013 & 2020 17. Global demand for synthetic lubricants in engine oils, volume and revenue, 2012 – 2020 18. Global demand for synthetic lubricants in HTF, volume and revenue, 2012 - 2020 19. Global demand for synthetic lubricants in transmission fluids, volume and revenue, 2012 – 2020 20. Global demand for synthetic lubricants in metalworking fluids, volume and revenue, 2012 – 2020 21. Global demand for synthetic lubricants in other application, volume and revenue, 2012 – 2020 22. Synthetic lubricants market volume share by region, 2013 & 2020 23. North America Synthetic lubricants market volume (Kilo tons), 2012 - 2020 24. North America Synthetic lubricants market revenue (USD Million), 2012 – 2020 25. Europe Synthetic lubricants market volume (Kilo tons), 2012 - 2020 26. Europe Synthetic lubricants market revenue (USD Million), 2012 – 2020 27. Asia Pacific Synthetic lubricants market volume (Kilo tons), 2012 - 2020 28. Asia Pacific Synthetic lubricants market revenue (USD Million), 2012 – 2020 29. RoW Synthetic lubricants market volume (Kilo tons), 2012 - 2020 30. RoW Synthetic lubricants market revenue (USD Million), 2012 – 2020
Further key findings from the study suggest:
Global synthetic lubricant demand was 678.1 kilo tons in 2013 and is expected to reach 823.3 kilo tons by 2020, growing at a CAGR 2.90 % from 2014 to 2020.
Europe was the largest regional market accounting for 263.5 kilo tons of synthetic lubricant demand in 2013. However, Asia Pacific is expected to witness fastest growth at an estimated CAGR of 3.33% in terms of volume owing to the growing automobile and industrial market in the region.
Group IV (PAO) based lubricants were the largest product segment, with demand exceeding 454 kilo tons in 2013. The compatibility of these oils with other mineral oils is a key driver for the development of the market. PAG and Ester based oils offer superior performance as compared to PAO based oils but are significantly expensive resulting in relatively low demand share.
The global synthetic lubricants market is fragmented with large number of manufacturers present globally. Key participants include Shell, British Petroleum, Exxon Mobil, Valvoline, Total and Chevron among others.
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For the purpose of this study, Grand View Research has segmented the global Synthetic Lubricants market on the basis of application, product and region: Synthetic Lubricants Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 2020) • PAO (Polyalphaolefins) • Ester • PAG (Polyakylene glycol) Synthetic Lubricants Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020) • Engine Oils • HTF • Transmission Fluids • Metalworking Fluids • Others Synthetic Lubricants Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 2020) • North America • Europe • Asia Pacific • RoW
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About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy.With a deepseated understanding of varied business environments, Grand View Research provides strategic objective insights.
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