Market Report, "Synthetic Lubricants Market - Global Trends & Forecasts to 2020", Published

Fast Market Research announces the availability of the new Markets and Markets report, "Synthetic Lubricants Market - Global Trends & Forecasts to 2020", on their comprehensive research portal


Boston, MA -- (SBWire) -- 02/09/2016 --Synthetic Lubricants Market by Type (PAO, Esters, Group III, PAG), by Application (Engine Oil, Metalworking Fluids, and Industrial) and by Regions (Europe, North America, Asia-Pacific and Rest of the World) - Global Trends & Forecasts to 2020

"Increase in use of synthetic lubricants in various applications"

The synthetic lubricants market size is expected to reach USD 36.0 billion by 2020, registering a CAGR of 2.5% between 2015 and 2020. The increasing use of synthetic lubricants as compared to conventional mineral oil in urban areas in the African region is a driving factor for the global synthetic lubricants market. Synthetic lubricants can perform in extreme conditions and difficult environmental situations. They have good viscosity to extreme temperature. Moreover, they are more stable at high and low temperatures as compared to mineral oils.

Get More Details on this Report and a Full Table of Contents at Synthetic Lubricants Market - Global Trends & Forecasts to 2020

Engine oil application segment to dominate the market

The engine oil application segment dominated the global synthetic lubricants market in 2014. The industrial application segment is projected to register the highest growth rate between 2015 and 2020. The rapid growth of the automotive industry, especially, in the Asia-Pacific is driving the growth of the engine oil application segment of the synthetic lubricants market.

Asia-Pacific projected to be fastest-growing market during forecast period

Asia-Pacific is projected to be the fastest-growing market for synthetic lubricants in the world. The increase in disposable income of people and industrial growth in the Asia-Pacific region led to the increasing demand of automobiles. As a result, there has been a consistent rise in number of vehicles in the region over the past decade, which is ultimately fueling the demand for PAG based lubricants the region.

Break-up of profile of primary interviewees for the report

-By Company Type - Tier 1-31%, Tier 2-36%, and Tier 3-33%
-By Designation - C Level- 37%, Director Level-33%, Others-30%
-By Region - North America-28%, Europe-29%, Asia-Pacific-23%, and RoW-20%

Some of the major companies profiled in this report are ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Fuchs Petrolub SE (Germany), Total S.A. (France), Chevron Corporation (U.S.), Lubrizol Corporation (U.S.), Idemitsu Kosan Co. Ltd (Japan), Pennzoil (U.S.), The Dow Chemical Company (U.S.), and Petroliam Nasional Berhad (Malaysia).

Reasons to buy the report

While making strategic decisions in business, timely and useful information is required. This report fulfills the requirements of various stakeholders, including material suppliers, product manufacturers, investors, and executives. Some of the salient features of this report are:

-Porter's Five Forces Analysis
-Value Chain Analysis
-Market Segmentation (Type, Application, and Region), by Volume and Value
-Competitor Analysis
-Detailed Information on Strategic Developments in the Industry

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Materials research reports at Fast Market Research

You may also be interested in these related reports:

-Food Grade Lubricants Market - Global Market Trends & Forecasts to 2020
-Concrete Fiber Market - Global Trends & Forecasts to 2020
-Polyalkylene Glycols Market - Global Trends & Forecasts to 2020
-Pour Point Depressants Market - Global Trends & Forecasts to 2020
-Water Soluble Film Market - Global Trends & Forecasts to 2020

Media Relations Contact

Bill Thompson
Director of Marketing
Fast Market Research, Inc.

View this press release online at: