Synthetic Ester Lubricants Market to witness a decent growth in 2025, North America to emerge as the pioneering regional contenders
Category: #business  By Partha Ray  Date: 2019-08-14
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Synthetic Ester Lubricants Market to witness a decent growth in 2025, North America to emerge as the pioneering regional contenders

North America region will have significant market share in global synthetic ester lubricants market owing to the presence of mature aerospace & defense and automotive industry. USA, the world’s largest aircraft manufacturer and second largest automotive producer in the world will drive the regional synthetic ester lubricants demand. Asia Pacific region will have high growth rate due to escalating industrial development and major investments coupled with rising automotive production.

Compressor oil application will have substantial share in global synthetic ester lubricants market in coming years. It can be attributed to high hydrolytic and thermal stability of the product. Synthetic ester lubricants used as compressor oil have ability to control the moisture content and they act as oil seals and coolants as well.

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Hydraulic oils application segment will have high growth owing to the extensive use of synthetic ester lubricants as hydraulic oils in oil & gas and energy sector. The product when used as a hydraulic oil provides an extensive operational temperature range owing to various available ester grades, which propels the synthetic ester lubricants market demand. Furthermore, as environment friendly products are gaining more preference to reduce the ecological hazards, the biodegradability associated with the product further encourages its application as hydraulic oils in various end-use industries.

Global synthetic ester lubricants market is segmented on the basis of product type, application and region. Based on product type, the market is segmented into dibasic, aromatic and polyol. Dibasic product type will have significant market share as they provide high biodegradability, high thermal stability, high performance at low temperature levels, etc. Aromatic product type have higher viscosity than dibasic and are cost-effective. Polyol product type will have high growth rate as they have superior performance characteristics, thermal stability and operational temperature range among all product types in the market.

Global automobile production has witnessed a growth of over 13% between 2012 and 2018. Escalating automobile production, private & public investments in the industry, favorable initiatives from government, rising disposable income are some of the driving factors observed in the Asia Pacific region which will boost the global automotive market in the coming years. Synthetic ester lubricants are replacing petroleum-based transmission fluids and engine oil owing to their biodegradability, low volatility, excellent oxidative and thermal stability, etc. Additionally, it reduces frictional drag which enhances the fuel efficiency of the vehicle. Thus, growing automotive industry will boost the development of global synthetic ester lubricants market in coming years.

Some of the major market players in synthetic ester lubricants market include Shell, Exxon Mobil, Total, British Petroleum, Chevron, Fuchs Group, Valvoline, Amsoil Inc., etc.

Methodology Used in this report:  -

our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the Synthetic Ester Lubricants Market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Synthetic Ester Lubricants Market Definition and scope of research
  • Synthetic Ester Lubricants Market dynamics, growth drivers and industry pitfalls
  • Synthetic Ester Lubricants Market Regulatory and political guidelines for the industry
  • Synthetic Ester Lubricants Market Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating Synthetic Ester Lubricants Market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Synthetic Ester Lubricants Market Key customers and B2B clients

Market research reports: Key analytical components

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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