Synthetic Lubricants Market
Synthetic Lubricants Market - Global Industry Assessment & Forecast
#
Pages:
148
Base Year:
2022
Apr - 2023
Format:
Report Code:
VMR-2084
Segments Covered
By
Type PolyAlphaolefin (PAO), Esters, Poly Alkylene Glycol (PAG), Group III (Hydrocracking)
-
By
Product Type Engine Oil, Hydraulic Fluids, Transmission Fluids, Compressor Oil, Refrigeration Oil, Gear Oil, Turbine Oil
-
By
End-Use Industry Construction, Mining, Metal Production, Cement Production, Power Generation, Automotive Manufacturing, Chemical, Marine (Deck Manufacturing), Oil & Gas, Textile, Food Processing, Other Industries
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 17.2 Billion |
 Revenue 2030:
|
USD 21.8 Billion |
 Revenue CAGR
(2023 - 2030): |
3.5% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Synthetic Lubricants Market Segment Analysis
- Synthetic Lubricants Type Outlook (Revenue, USD Million, 2018 - 2030)
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Synthetic Lubricants Product Type Outlook (Revenue, USD Million, 2018 - 2030)
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Synthetic Lubricants End-Use Industry Outlook (Revenue, USD Million, 2018 - 2030)
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
-
North America Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
-
North America Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- U.S.
- U.S. Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- U.S. Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- U.S. Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- U.S. Synthetic Lubricants Market, by Type
- Canada
- Canada Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Canada Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Canada Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Canada Synthetic Lubricants Market, by Type
-
Mexico
- Mexico Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Mexico Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Mexico Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Mexico Synthetic Lubricants Market, by Type
-
North America Synthetic Lubricants Market, by Type
- Europe
-
Europe Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
-
Europe Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
-
Europe Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- U. K.
- U.K. Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- U.K. Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- U.K. Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- U.K. Synthetic Lubricants Market, by Type
- France
- France Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- France Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- France Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- France Synthetic Lubricants Market, by Type
-
Germany
- Germany Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Germany Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Germany Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Germany Synthetic Lubricants Market, by Type
-
Italy
- Italy Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Italy Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Italy Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Italy Synthetic Lubricants Market, by Type
-
Spain
- Spain Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Spain Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Spain Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Spain Synthetic Lubricants Market, by Type
-
Rest of Europe
- Rest of Europe Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Rest of Europe Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Rest of Europe Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Rest of Europe Synthetic Lubricants Market, by Type
-
Europe Synthetic Lubricants Market, by Type
- Asia Pacific
-
Asia Pacific Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
-
Asia Pacific Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
-
Asia Pacific Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- China
- China Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- China Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- China Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- China Synthetic Lubricants Market, by Type
- Japan
- Japan Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Japan Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Japan Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Japan Synthetic Lubricants Market, by Type
-
Germany
- Germany Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Germany Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Germany Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Germany Synthetic Lubricants Market, by Type
-
India
- India Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- India Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- India Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- India Synthetic Lubricants Market, by Type
-
South Korea
- South Korea Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- South Korea Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- South Korea Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- South Korea Synthetic Lubricants Market, by Type
-
South East Asia
- South East Asia Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- South East Asia Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- South East Asia Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- South East Asia Synthetic Lubricants Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Rest of Asia Pacific Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Rest of Asia Pacific Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Rest of Asia Pacific Synthetic Lubricants Market, by Type
-
Asia Pacific Synthetic Lubricants Market, by Type
- Latin America
-
Latin America Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
-
Latin America Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
-
Latin America Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Brazil
- Brazil Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Brazil Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Brazil Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Brazil Synthetic Lubricants Market, by Type
- Argentina
- Argentina Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Argentina Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Argentina Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Argentina Synthetic Lubricants Market, by Type
-
Rest of Latin America
- Rest of Latin America Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Rest of Latin America Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Rest of Latin America Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Rest of Latin America Synthetic Lubricants Market, by Type
-
Latin America Synthetic Lubricants Market, by Type
- Middle East & Africa
-
Middle East & Africa Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
-
Middle East & Africa Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
-
Middle East & Africa Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- GCC Countries
- GCC Countries Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- GCC Countries Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- GCC Countries Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- GCC Countries Synthetic Lubricants Market, by Type
- South Africa
- South Africa Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- South Africa Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- South Africa Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- South Africa Synthetic Lubricants Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Synthetic Lubricants Market, by Type
- PolyAlphaolefin (PAO)
- Esters
- Poly Alkylene Glycol (PAG)
- Group III (Hydrocracking)
- Rest of Middle East & Africa Synthetic Lubricants Market, by Product Type
- Engine Oil
- Hydraulic Fluids
- Transmission Fluids
- Compressor Oil
- Refrigeration Oil
- Gear Oil
- Turbine Oil
- Rest of Middle East & Africa Synthetic Lubricants Market, by End-Use Industry
- Construction
- Mining
- Metal Production
- Cement Production
- Power Generation
- Automotive Manufacturing
- Chemical
- Marine (Deck Manufacturing)
- Oil & Gas
- Textile
- Food Processing
- Other Industries
- Rest of Middle East & Africa Synthetic Lubricants Market, by Type
-
Middle East & Africa Synthetic Lubricants Market, by Type
- North America
Vantage Market
Research | 20-Apr-2023
FAQ
Frequently Asked Question
What is the global demand for Synthetic Lubricants in terms of revenue?
-
The global Synthetic Lubricants valued at USD 17.2 Billion in 2022 and is expected to reach USD 21.8 Billion in 2030 growing at a CAGR of 3.5%.
Which are the prominent players in the market?
-
The prominent players in the market are BP Lubricants Pvt. Ltd. (India), Chevron Corporation (U.S.), LANXESS (Germany), Valvoline (U.S.), FUCHS (Germany), Pennzoil (U.S.), Phillips 66 Company (U.S.), Motul (France), AMSOIL INC. (U.S.), Agip (Jordan).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.5% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Synthetic Lubricants include
- Growing Auomotive Industry and Vehicle Parc
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Synthetic Lubricants in 2022.
