Global Synthetic Lubricants Market Size Study by Key Market Players Forecast to 2026 (Business Opportunities - Advertising Service)

Hot-Web-Ads > Business Opportunities > Advertising Service

Item ID 13776841 in Category: Business Opportunities - Advertising Service

Global Synthetic Lubricants Market Size Study by Key Market Players Forecast to 2026

Free Online Advertising
Free Internet Web Site Advertising.

UK Free Classifieds
United Kingdom Free Ads Website.
100% Free Ad Posting.

Canada Free Ads
Popular Online Classifieds in Canada.
No Sign up, No Email Required to Post.

The Global Synthetic Lubricants Market was valued at $12.0 billion in 2018, and is projected to reach $18.8 billion by 2026, growing at a CAGR of 5.8% from 2019 to 2026.

Lubricants are fluids that are used to reduce the wear & tear of vehicle parts and the overall friction. Lubricants that are produced through chemically modified petroleum components or crude oil are known as synthetic lubricants. Their primary function is to avoid metal-to-metal contact among engines, other vehicle parts, and industrial manufacturing machinery. Demulsibility and corrosion protection properties are the major advantages associated with synthetic lubricants that help extend the overall vehicle life, improve efficiency of the vehicle, and aid in achieving higher productivity.

Request a Free Sample Copy Synthetic Lubricants Market Report@

Globally, among all types of lubricant present in the market, synthetic lubricants have been registering significant growth over the past few years. Some of the factors contributing to the growth of the global market include increase in automotive vehicle production and demand, rise in need for vehicle servicing and reconditioning activities, overall economic growth, and growth in the industrial manufacturing output. Furthermore, increase in demand for advanced technologies and better-quality products in the vehicle boosts the demand for synthetic lubricants across the globe.

Activities such as repair, maintenance, and renovation of old vehicles are growing, wherein synthetic lubricants is the highly adopted due to low emissions of volatile compounds and relatively thicker layer as compared to traditional mineral oil; thereby, contributing in the global market growth. On the other hand, volatility in the prices of raw material is expected to restrain the global market growth.

Some of the major market players operating in the global synthetic lubricants market are Royal Dutch Shell PLC, ExxonMobil Corporation, British Petroleum (Bp) PLC, Chevron Corporation, Total SA, Idemitsu Kosan Co. Ltd., Sinopec Limited, Lukoil, Petroliam Nasional Berhad (Petronas), and Indian Oil Corporation Ltd.

Browse our full report with Table of content:

About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 12,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts, Customized Intelligence, Newsletters and Online Databases, Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

Contact us at:
Bharat Book Bureau
Tel: +912227810772 / 27810773

Target State: All States
Target City : All Cities
Last Update : Mar 31, 2020
Number of Views: 56
Item  Owner  : Vidhya Nigam
Contact Email:
Contact Phone: 02227810772

Friendly reminder: Click here to read some tips.
Hot-Web-Ads > Business Opportunities > Advertising Service
 © 2020
2020-09-18 (0.074 sec)