Synthetic Lubricants Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Synthetic Lubricants Market Size, Market Share,

Application Analysis, Regional Outlook, Growth, Trends,

Competitive Scenario And Forecasts, 2012 To 2020

Industry Insights

Synthetic lubricants are manufactured by chemical synthesis of group IV base oils (Polyalphaolefins) and

group V base oils (esters and Polyakylene glycols). Synthetic lubricants are more superior to mineral oil

lubricants on account of low pouring points, low traction coefficients, high temperature stability and

high viscosity index. This superiority over mineral oils resulted in industries shift their demand towards

synthetic lubricants over the past few years.

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This shift in demand is expected to drive the market over the forecast period. In addition, high load

carrying capacity, low friction and high temperature performance of synthetic lubricants is expected to

augment the market growth over the next five years. On account of increasing demand from automotive

and industrial applications, synthetic lubricants market is anticipated to witness lucrative growth over

the forecast period.

Hexa Research Inc.

Industry Research,Custom Research & Consulting

In addition, strong growth of automobile industry in India, China and Brazil is further expected to boost

synthetic lubricants market in near future. Innovative technology such as fire resistant ester based

hydraulic oils has been succeeded in many industrial applications. This is expected to open new

opportunities for market players in near future.

PAG based lubricants have been preferred over PAO lubricants on account of similar properties and low

cost. Innovation such as fire resistant hydraulic oils is expected to open new growth opportunities for

ester based synthetic lubricants market over the foreseeable period. High cost of synthetic oils is...