Global Synthetic Lubricants

  • ID: 4434653
  • Report
  • Region: Global
  • 200 pages
  • Mordor Intelligence
1 of 4


  • Bp Plc
  • Chevron
  • Exxonmobil
  • Fuchs Petrolub
  • Idemitsu Kosan Co. Ltd
  • Lubrizol Corp.
  • MORE
Synthetic Lubricants Market

The market is expected to expand at a steady rate of 2.68% during the forecast period of 2018-2023. Synthetic Lubricants are chemical engineered lubricants derived from pure chemicals, unlike conventional lubricants which are refined from crude oil. These lubricants do not contain nitrogen, sulphur or any other harmful elements that led to the formation of sludge and thereby, damage the engine or machine. Since, these lubricants feature uniform and smooth molecular structure which led to lower friction and increases the energy through-put, fuel efficiency and power to ensure a longer equipment life. They offer various benefits such as improved engine efficiency, extended oil change intervals, excellent protection at both high and low temperatures, lower oil consumption under high-speed conditions, and others

With the growing automotive industry coupled with stringent emission and fuel economy standards, are expected to drive the demand for synthetic lubricants over the forecast period. However, high-cost of synthetic lubricants may hinder the growth of the market, especially in the developing economies.

Base on product type, the market has been segmented into engine oil, transmission & hydraulic fluid, metalworking fluids, general industrial oil, gear oil, grease, process oil, and others. Engine oil is the most widely used lubricant and accounts for more than half of the market share. Based on end-user industry, the market has been segmented into power generation, automotive & other transportation, heavy equipment, food & beverage, metallurgy & metalworking, chemical manufacturing, and others.


Among the end-user industries, automotive and other transportation segment dominated the market. The enactment of stringent emission and fuel economy standards coupled with growing focus towards fuel economy among the consumers is one of the major factors, which is driving the demand for synthetic lubricants among both the consumers and OEMs. Apart from that, rapid industrialization in Middle Eastern countries is expected to offer numerous opportunities for the growth of the market

Few Notable Developments in the Market

In Mar 2017, Petronas Lubricants International (PLI) launched a new synthetic motorcycle lube called Petronas Sprinta which comes with Ultra
Flex in India.

In Jun 2017, Exxon
Mobil completed the expansion of grease and synthetic lubricants facilities in Singapore.

Key Deliverables in the Study

Market analysis for the Global Synthetic Lubricants Market, with region-specific assessments and competition analysis on global and regional scales

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the Global Synthetic Lubricants market on both global and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/industry is booming and to also identify the regions that are still untapped
Note: Product cover images may vary from those shown
2 of 4


  • Bp Plc
  • Chevron
  • Exxonmobil
  • Fuchs Petrolub
  • Idemitsu Kosan Co. Ltd
  • Lubrizol Corp.
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Research Methodology

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Automotive Industry
4.1.2 Stringent Emissions and Fuel Economy Standards
4.2 Restraints
4.2.1 High-Cost Association
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Industrial Growth in Middle East & Africa
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 by Product Type
5.2.1 Engine Oil
5.2.2 Transmission Fluids and Hydraulic Fluids
5.2.3 Metalworking Fluids
5.2.4 General Industrial Oils
5.2.5 Gear Oil
5.2.6 Greases
5.2.7 Process Oils
5.2.8 Others
5.2 by End-User Industry
5.3.1 Power Generation
5.3.2 Automotive and Other Transportation
5.3.3 Heavy Equipment
5.3.4 Food & Beverage
5.3.5 Metallurgy and Metal Working
5.3.6 Chemical Manufacturing
5.3.7 Others (Packaging, Oil & Gas (Drilling Fluids))

6. Regional Analysis (Market Size, Growth and Forecast)*
6.1 Asia-Pacific
6.2.1 China
6.2.2 India
6.2.3 Japan
6.2.4 South Korea
6.2.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Rest of North America
6.3 Asia-Pacific
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 France
6.3.4 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.4.1 Saudi Arabia
6.4.2 South Africa
6.4.3 Rest of Middle-East and Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Royal Dutch Shell
8.2 Bp Plc
8.3 Exxonmobil
8.4 Chevron
8.5 Fuchs Petrolub
8.6 Total Sa
8.7 Idemitsu Kosan Co. Ltd
8.8 Petronas
8.9 Lubrizol Corp.
*List Not Exhaustive

9. Disclaimer
**Subject to Availability on Public Domain
Note: Product cover images may vary from those shown
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4 of 4
  • Royal Dutch Shell
  • Bp Plc
  • Exxonmobil
  • Chevron
  • Fuchs Petrolub
  • Total Sa
  • Idemitsu Kosan Co. Ltd
  • Petronas
  • Lubrizol Corp.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown