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Synthetic Lubricants Market Size, Market Share,

Application Analysis, Regional Outlook, Growth, Trends,
Competitive Scenario And Forecasts, 2012 To 2020

Industry Insights
Synthetic lubricants are manufactured by chemical synthesis of group IV base oils (Polyalphaolefins) and
group V base oils (esters and Polyakylene glycols). Synthetic lubricants are more superior to mineral oil
lubricants on account of low pouring points, low traction coefficients, high temperature stability and
high viscosity index. This superiority over mineral oils resulted in industries shift their demand towards
synthetic lubricants over the past few years.
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This shift in demand is expected to drive the market over the forecast period. In addition, high load
carrying capacity, low friction and high temperature performance of synthetic lubricants is expected to
augment the market growth over the next five years. On account of increasing demand from automotive
and industrial applications, synthetic lubricants market is anticipated to witness lucrative growth over
the forecast period.

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In addition, strong growth of automobile industry in India, China and Brazil is further expected to boost
synthetic lubricants market in near future. Innovative technology such as fire resistant ester based
hydraulic oils has been succeeded in many industrial applications. This is expected to open new
opportunities for market players in near future.
PAG based lubricants have been preferred over PAO lubricants on account of similar properties and low
cost. Innovation such as fire resistant hydraulic oils is expected to open new growth opportunities for
ester based synthetic lubricants market over the foreseeable period. High cost of synthetic oils is
anticipated to hamper the market growth in near future.
Product Insights
PAO lubricants emerged as the leading product segment for synthetic lubricants market in 2013. This
trend is expected to continue over the forecast period on account of its superior properties and low
cost. PAO based lubricants are compatible with other synthetic and mineral oils. This compatibility
factor is anticipated to drive POA based lubricants market over the next five years.
Group V ester based synthetic lubricants was the second major product segment for synthetic lubricants
market. These lubricants possess high adhesive property which helps in reducing the friction between
two moving surfaces. This advantageous factor is expected to boost the demand for ester based oils
over the forecast period. However, volatile price of ester based oils is anticipated to hinder the market
growth in near future.
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Application Insights
Engine oils have been the largest application segment for synthetic lubricants market over the past few
years. Increasing application scope of synthetic oils in automobiles is the key factor to drive the market.
In addition, rapid growth in automotive sector in emerging nations such as India, China and Brazil is
further expected to boost synthetic oils demand over the forecast period. Synthetic oils are also used as
heat transfer fluids.
Heat transfer fluids are the second major application segment accounting nearly 30% of the global
market share. Heat transfer fluids have found wide application in heat exchangers in boilers and other
machineries. Rapid industrialization in Asia Pacific region coupled with increasing awareness towards

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the synthetic oils benefits over mineral oils is further expected to boost synthetic lubricants market over
the next five years.
Regional Insights
Europe was the largest regional market for synthetic lubricants in 2013. However, this region is expected
to lose its market share to Asia Pacific and South America over the next five years. Growth in end use
industries such as automotives in India and China is the key factor to drive the market in Asia Pacific
region. In addition, growth of aerospace industry is further expected to boost synthetic lubricants
demand in near future.
Competitive Insights
Key players of synthetic lubricants market include British Petroleum, Royal Dutch Shell, Chevron Corp.,
Fuchs Lubricants, Exxon Mobil Corp. and Total S.A.
Table of Contents
Chapter 1 Executive Summary
1.1 Synthetic lubricants - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Synthetic Lubricants Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Synthetic Lubricants Value Chain Analysis
2.4 Synthetic Lubricants Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porters
2.7 Synthetic Lubricants - Company Market Share Analysis
2.8 Synthetic Lubricants - PESTEL Analysis
Chapter 3 Synthetic lubricants Product Outlook
3.1 Group IV (PAO)
3.2 Group V (Esters)
3.3 Group V (PAG)

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Chapter 4 Synthetic Lubricants Application Outlook
4.1 Engine Oils
4.2 Heat Transfer Fluids (HTF)
4.3 Transmission Fluids
4.4 Metalworking Fluids
4.5 Others
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Chapter 5 Synthetic Lubricants Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 RoW
Chapter 6 Synthetic Lubricants Competitive Landscape
6.1 Exxon Mobil
6.2 Shell
6.3 British Petroleum
6.4 Valvoline
6.5 Total
6.6 Chevron
6.7 Fuchs
6.8 Pennzoil
6.9 Kendall
6.10 Amsoil
Chapter 7 Methodology and Scope
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
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