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Synthetic Lubricants Market - Global Outlook & Forecast 2022-2027

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  • 301 Pages
  • March 2022
  • Region: Global
  • Arizton
  • ID: 5562650
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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Synthetic Lubricants Market Report

The global synthetic lubricants market is expected to witness stagnant growth during the forecast period. The consumption of synthetic lubricants is majorly driven by automotive and transport sector.

The synthetic lubricants market is expected to grow at a CAGR of 3.48% during 2021-2027


  • Increasing Demand for Reduction in Emission
  • Demand For Higher Fuel Economy Vehicle
  • Increasing Demand for High-Performance Lubricants


Automotive and transportation are the largest segment by end-use. Automotive and transportation synthetic lubricants accounted for 32.20% market share in 2021. The automotive and transportation segment is expected to register a CAGR of 3.76% during the forecast period. Advantages driving the demand for synthetic lubricants in this segment are wear and tear prevention, reduced friction, proper heat dissipation, oxidation and corrosion prevention, component stress relieving, and maintaining proper engine functionality.

Segmentation by Application

  • Engine Oil
  • Transmission Fluids & Hydraulic Fluids
  • Metalworking Fluids
  • Greases
  • Others

Segmentation by End-user

  • Power Generation
  • Automotive & Transportation
  • Heavy Equipment
  • Food & Beverage
  • Other

Segmentation by Type

  • Polyalphaolefin
  • Esters
  • Polyalkylene Glycol


Shell (US), ExxonMobil (US), British Petroleum (UK), Chevron (US), and Sinopec (China) are some of the key players in the synthetic lubricants market. The market is largely commoditized, with price serving as a significant differentiator. Manufacturers are constantly involved in developing new and sustainable products as per customer requirements and safeguard environment as well.

Some Developments:

The FUCHS Group, had signed an agreement to acquire the lubricants business of Gleitmo Technik AB, and is expected to integrate it into its subsidiary FUCHS LUBRICANTS SWEDEN AB. Sinopec entered into the South African market by acquiring a majority stake in Chevron’s lubricant facility. Shell Indonesia announced investment to double the production capacity of its lubricants oil blending plant (LOBP) located in Jakarta, Indonesia. When completed the plant would produce up to 300 million litres of finished lubricants, annually.

Key Vendors

  • Royal Dutch Shell
  • ExxonMobil
  • British Petroleum
  • Chevron
  • Sinopec

Other Prominent Vendors

  • Total Energies
  • Fuchs
  • Idemitsu Kosan
  • Lukoil
  • Petronas
  • Indian Oil
  • Dow
  • Morris Lubricants
  • Sasol
  • Valvoline
  • Penrite oil
  • Bharat Petroleum
  • Liqui Moly
  • Peak Lubricants
  • Amalie Oil
  • Eni
  • Addinol
  • Engen Petroleum
  • Croda International
  • Petro-Canada Lubricants


APAC is the leading market for synthetic lubricants. The region accounted for 45% market share in 2021. The growth in the region is associated with the increasing demand for automotive and high-performance industrial machinery and equipment. APAC region consists of emerging as well as developed economies such as Japan, China, India, South Korea, and Australia. These countries have considerable demand for automotive, agricultural, and construction vehicles. APAC region is also a hub for the growth of new industrial developments such as advanced manufacturing, smart cities, smart construction, and so on.

Segmentation by Geography

  • North America
  • US
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain


1. The analysis of the global Synthetic Lubricants market size and growth rate for the forecast period 2022-2027.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global Synthetic Lubricants market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the Synthetic Lubricants market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Market Opportunities & Trends
8.1 Increasing Demand for Reduction in Emission
8.2 Demand for Higher Fuel Economy Vehicles
8.3 Increasing Demand for High-Performance Lubricants
9 Market Growth Enablers
9.1 Growing Use in Automotive Sector
9.2 Increasing Use in Wind Turbine Industry
9.3 Rising Use in Electric Vehicles
10 Market Growth Restraints
10.1 Emergence of Bio-Based Lubricants
10.2 High Cost of Synthetic Lubricants
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.4 Regulatory Outlook
11.5 Impact of Covid-19
12 Application
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Engine Oil
12.4 Transmission Fluids & Hydraulic Fluids
12.5 Metalworking Fluids
12.6 Grease
12.7 Others
13 End-User
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Power Generation
13.4 Automotive & Transportation
13.5 Heavy Equipment
13.6 Food & Beverage
13.7 Others
14 Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Polyalphaolefin (Pao)
14.4 Polyalkylene Glycol (Pag)
14.5 Esters
15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Application
16.4 End-User
16.5 Type
16.6 Key Countries
17 Latin America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Application
17.4 End-User
17.5 Type
17.6 Key Countries
18 Middle East & Africa
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Application
18.4 End-User
18.5 Type
18.6 Key Countries
19 Apac
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Application
19.4 End-User
19.5 Type
19.6 Key Countries
20 Europe
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Application
20.4 End-User
20.5 Type
20.6 Key Countries
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 Royal Dutch Shell (Shell)
22.2 Exxonmobil
22.3 British Petroleum
22.4 Chevron
22.5 Sinopec
23 Other Prominent Players
23.1 Total Energies
23.2 Fuchs
23.3 Idemitsu Kosan
23.4 Lukoil
23.5 Petronas
23.6 Indian Oil
23.7 Dow
23.8 Morris Lubricants
23.9 Sasol
23.10 Valvoline
23.11 Penrite Oil
23.12 Bharat Petroleum
23.13 Liqui Moly
23.14 Peak Lubricants
23.15 Amalie Oil
23.16 Eni
23.17 Addinol
23.18 Engen Petroleum
23.19 Croda International
23.20 Petro-Canada Lubricants
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
25.1 Application
25.2 Type
25.3 End-User
26 Geography
26.1 North America
26.2 Europe
26.3 Apac
26.4 Latin America
26.5 Middle East & Africa
27 Appendix
27.1 Abbreviations

Companies Mentioned

  • Royal Dutch Shell
  • ExxonMobil
  • British Petroleum
  • Chevron
  • Sinopec
  • Total Energies
  • Fuchs
  • Idemitsu Kosan
  • Lukoil
  • Petronas
  • Indian Oil
  • Dow
  • Morris Lubricants
  • Sasol
  • Valvoline
  • Penrite oil
  • Bharat Petroleum
  • Liqui Mol


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



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