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Date Submitted: 09/04/2015 05:16 AM
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.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/syntheticlubricants-industry/
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...