Allied Market Research

2024

Synthetic Lubricants & Functional Fluids Market

Synthetic Lubricants & Functional Fluids Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Synthetic Base Stock and by End-use Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

Select an option
Author's: | Eswara Prasad
Publish Date:

Get Sample to Email

Synthetic lubricants & functional fluids are manufactured using chemically modified petroleum components such as glycols, polyalphaolefins, esters, group III & IV base oils, aromatics, silicone fluids, and others. They possess high viscosity indexes, high temperature stability, low pouring points, and low traction coefficients, which make them superior to the conventional mineral oils. Superior performance is attainable using synthetic lubricants and functional fluids over conventional mineral oil in terms of low friction, high temperature performance, and higher load carrying capacity.

Superior properties of synthetic lubricants & functional fluids over conventional minerals is the key factor that drives the market growth. Increase in demand for higher fuel economy fuels the use of high-quality motor and gear oils. Thus, requirement of high-performance products, reduced maintenance, minimal disposal problems, and stringent environmental regulations for CO2 emissions further accelerates the market growth. Increase in pace of industrialization is expected to provide new opportunities for the market players. However, high cost of synthetic lubricants & functional fluids hampers the market growth.

The global synthetic lubricants & functional fluids market is segmented on the basis of product, synthetic base stock, end-use industry, and geography. The market segmented based on product includes engine oils, transmission & hydraulic fluids, antifreeze & deicing fluids, metalworking fluids, heat transfer fluids, and dielectric fluids. By synthetic base stock, the market is categorized into glycols, polyalphaolefins, esters, group III & IV base oils, aromatics, silicone fluids, and others. According to end-use industry, it is divided into automotive, aerospace, metals, industrial machinery, power generation, construction, process industry, and others. The report analyzes the market trends in different geographies, which include North America, Europe, Asia-Pacific, and LAMEA.

Synthetic Lubricants & Functional Fluids Market Report Highlights

Aspects Details
icon_5
By Product
  • Engine Oils
  • Transmission & Hydraulic Fluids
  • Antifreeze & Deicing Fluids
  • Metalworking Fluids
  • Heat Transfer Fluids
  • Dielectric Fluids
icon_6
By Synthetic Base Stock
  • Glycols
  • Polyalphaolefins
  • Esters
  • Group III & IV Base Oils
  • Aromatics
  • Silicone Fluids
  • Others
icon_7
By End-use Industry
  • Automotive
  • Aerospace
  • Metals
  • Industrial Machinery
  • Power Generation
  • Construction
  • Process Industry
  • Others
icon_8
By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
icon_9
Key Market Players

PRESTONE PRODUCTS, WARREN OIL COMPANY INCORPORATED, AUTOPARTS HOLDINGS LIMITED, BASF SE, CHEVRON CORPORATION, ASHLAND INCORPORATED, ROYAL DUTCH SHELL, AMSOIL INCORPORATED, EXXON MOBIL, CLC LUBRICANTS COMPANY

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Synthetic Lubricants & Functional Fluids Market

Global Opportunity Analysis and Industry Forecast, 2023-2032