1. No category

Synthetic Lubricants Market Size is projected
to reach USD 6.23 billion by 2025
“The global synthetic lubricants market size is
projected to reach USD 6.23 billion by 2025
registering a CAGR of 5.1%, increasing focus of
companies in the Gulf Cooperation Council (GCC) on
downstream products is anticipated to have a
positive impact on the market growth.”
The global synthetic lubricants market size is projected to reach USD 6.23 billion by 2025
registering a CAGR of 5.1%, increasing focus of companies in the Gulf Cooperation Council (GCC)
on downstream products is anticipated to have a positive impact on the market growth.
Polyalphaolefins (PAOs) lead the product segment in 2018, in terms of revenue and volume. It is
used as engine oil, transmission oil, metalworking fluid, compressor oil, gear oil, and heat transfer
fluid for providing lubrication performance for a wide range of temperatures. Growing scope of
application for the aforementioned products in the automotive and industrial sector is expected to
drive the demand for PAOs over the forecast period. The North America market is mainly driven by
rapidly expanding aerospace and automobile industries in the region. Presence of prominent
aerospace companies, such as Boeing, in the region has resulted in high demand for synthetic
lubricants in engine oils. Moreover, increasing automotive production in U.S. and Mexico coupled
with a rising number of automotive OEMs setting up bases in Mexico is expected to boost the
demand for automotive maintenance.
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Further key findings from the study suggest:

Engine oils led the global synthetic lubricants market in 2018 accounting for a share of more
than 40%. These oils are used to increase drain intervals and provide excellent film
protection

POA is expected to be the largest product segment on account of increased use of PAOs in
automotive engines coupled with OEM recommendations by automotive firms like Volkswagen
and BMW

U.S. was the largest market in North America in 2018 and is projected to expand further due
to rising product demand from passenger cars, commercial heavy-duty trucks, and
metalworking fluids

Some of the key industry participants include ExxonMobil Corp.; Royal Dutch Shell Plc;
Chevron Corp.; and Total S.A.
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Table of Contents:
Chapter 1 Research Methodology
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Market Variables, Trends& Scope
3.1 Market segmentation & scope
3.2 Market size and growth prospects, 2014 - 2025
3.3 Synthetic Lubricants Value Chain Analysis
3.4 Regulatory Framework
3.4.1 European Union
3.4.2 European Lubricating Grease Institute (ELGI)
3.4.3 EU legislation on waste oils
3.4.4 Directive 2008/98/EC on waste (Waste Framework Directive)
3.5 Synthetic lubricants market dynamics
Continued…
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