Synthetic Lubricants & Functional Fluids to 2015 This study analyzes the US synthetic lubricant and functional fluid industry. It presents historical demand data (2000, 2005, 2010) and forecasts for 2015 and 2020 by fluid type (e.g., engine oils, heat transfer, hydraulic and transmission, metalworking, dielectric), material (e.g., glycols, polyalphaolefins, Group III base oils) and market (e.g., vehicles and equipment, metal fabrication, energy/power generation). The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry competitors. US demand to reach $7.6 billion in 2015 Demand for synthetic lubricants and functional fluids is forecast to reach $7.6 billion in 2015, expanding the share of the overall lubricant market held by synthetic products. Advances will be propelled by the higher performance requirements of modern equipment, as well as increasingly stringent environmental standards. Gains will also be fueled by the increased availability of high quality basestocks due to growing investment in new basestock capacity, both in the US and overseas. As the supply of these materials expands, original equipment manufacturers (OEMs) are becoming more willing to recommend the use of high performance synthetic products, particularly as OEMs make steps toward global specifications. Request a Sample for or Inquire before buying the report Synthetic Lubricants & Functional Fluids Market Published: February 2012 No. of Pages: 282 Price: Single User License US$ 4900
Engine oil to remain fastest growing product Engine oil will remain the fastest growing product type through 2015. These lubricants primarily find use in automotive applications and will therefore benefit from a rebound in motor vehicle output from the declines of the 2005-2010 period, as well as continued gains in the number of motor vehicles in use. The adoption of the GF-5 and API SN engine oil specifications in 2010 and the development of General Motors’ proprietary DEXOS1 certified engine oil will further promote gains. Such standards have been created to enhance fuel efficiency and reduce engine emissions, thus helping OEMs to comply with emissions regulations and corporate average fuel economy standards. In addition to GM, which now requires synthetic motor oil for nearly all of its vehicles, other leading vehicle manufacturers such as Toyota and Honda are also making the transition. This will drive demand for synthetics in the engine oil market through the forecast period.
Group III base oils, PAOs to be fastest growing materials Among the various materials utilized to formulate synthetic lubricants and functional fluids, glycol fluids represent the leading category. However, glycol’s share of the market is forecast to decline due to maturity in the large antifreeze segment, along with a shift toward extended flush intervals and fill-for-life components in automotive design technology. Group III base oils and polyalphaolefins (PAOs) are also key materials and are projected to expand at the fastest rates through 2015. Demand for Group III basestock will be promoted by its use in engine oil applications and its ability to effectively compete against more costly synthetic base oils such as PAOs. The enhanced performance properties and environmentally friendly profile of PAOs will boost demand, as will the extended drain capabilities and customizability of PAO basestocks. Major points covered in Table of Contents of this report include: Introduction Executive Summary Market Environment PRODUCTS MATERIALS MARKETS INDUSTRY STRUCTURE Company Profiles
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