Research and Markets: Synthetic Lubricants Market by Type, Application & Regions – Global Trends & Forecasts to 2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/38xns6/synthetic) has announced the addition of the “Synthetic Lubricants Market – Global Trends & Forecasts to 2020” report to their offering.
The synthetic lubricants market size is expected to reach $36.0 billion by 2020, registering a CAGR of 2.5% between 2015 and 2020.
The increasing use of synthetic lubricants as compared to conventional mineral oil in urban areas in the African region is a driving factor for the global synthetic lubricants market. Synthetic lubricants can perform in extreme conditions and difficult environmental situations. They have good viscosity to extreme temperature. Moreover, they are more stable at high and low temperatures as compared to mineral oils.
The engine oil application segment dominated the global synthetic lubricants market in 2014. The industrial application segment is projected to register the highest growth rate between 2015 and 2020. The rapid growth of the automotive industry, especially, in the Asia-Pacific is driving the growth of the engine oil application segment of the synthetic lubricants market.
Asia-Pacific is projected to be the fastest-growing market for synthetic lubricants in the world. The increase in disposable income of people and industrial growth in the Asia-Pacific region led to the increasing demand of automobiles. As a result, there has been a consistent rise in number of vehicles in the region over the past decade, which is ultimately fueling the demand for PAG based lubricants the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Synthetic Lubricants Market, By Type
8 Synthetic Lubricants Market, By Application
9 Synthetic Lubricants Market, By Region
10 Competitive Landscape
11 Company Profiles
- BP Plc
- Chevron Corporation
- Exxonmobil Corporation
- Fuchs Petolub SE
- Idemitsu Kosan Co. Ltd
- Lubrizol Corporation
- Petroliam Nasional Berhad (Petronas)
- Royal Dutch Shell Plc.
- The Dow Chemical Company
- Total S.A.
For more information visit http://www.researchandmarkets.com/research/38xns6/synthetic
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716