Synthetic Lubricants Market to Reach $45.48 billion with 5.4% CAGR by 2026 – Analysis of DOW Chemical Company, Fuchs Group, Sinopec Limited, Royal Dutch Shell PLC, Indian Oil Corporation Ltd

Premium market Insights has announced the addition of the “Synthetic Lubricants Market”, the report analyzes opportunities in the market for stakeholders by identifying the high-growth segments of the Synthetic Lubricants market, strategically profiles the key market players, and comprehensively analyzes their market size and core competencies in each segment.

Global Synthetic Lubricants Market is accounted for $28.32 billion in 2017 and is expected to reach $45.48 billion by 2026 growing at a CAGR of 5.4% from 2017 to 2026. The report also puts forward the current and future market scenario derived precisely from a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence the Synthetic Lubricants Market in the coming years.

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On the basis of Application, the engine oil segment is mainly driven by the growing automotive industry, which includes personal vehicles and high cargo transportation. Engine oil is mainly used in automobiles to reduce metal-to-metal contact and minimize overall friction and reduce damage. This dominance is also attributed to the rapid growth of the automotive industry, especially in the Asia Pacific region.

The market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast. The Synthetic Lubricants Market is likely to showcase symbolic growth opportunities owing to growing demands for Synthetic Lubricants across the globe.

The market report highlights top ten companies’ operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.

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Some of the key players in the Synthetic Lubricants market include DOW Chemical Company, Fuchs Group, Sinopec Limited, Royal Dutch Shell PLC, Indian Oil Corporation Ltd., British Petroleum (BP) PLC, Pennzoil, Total SA, Petroliam Nasional Berhad, Exxonmobil Corporation, Idemitsu Kosan Co. Ltd., Lubrizol Corporation, BP PLC, Lukoil, Chevron Corporation.

Types Covered:
- Esters
- Polyalphaolefin (PAO)
- Polyalkylene Glycol (PAG)
- Group III (Hydrocracking)
- Silicones
- Others Types

Applications Covered:
- Gear Oil
- Hydraulic Fluids
- Metalworking Fluids
- Refrigeration Oil
- Engine Oil
- Heat transfer fluids (HTF)
- Turbine Oil
- Transmission Fluids
- Compressor Oil
- Process Oil
- Hydraulic Oil
- Marine Lubricants
- Industrial Oils
- Other Applications

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Organization: Premium Market Insights
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Posted by on Friday August 16 2019, 3:17 AM EST. All trademarks acknowledged. Filed under Advanced Materials, Chemicals, Chemicals & Materials. Comments and Trackbacks closed. Follow responses: RSS 2.0

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