Sep 13, 2017   SOURCE: BusinessWire

Global Synthetic Lubricants Market 2017 - Forecasts to 2021 - Research and Markets

The "Global Synthetic Lubricants Market 2017-2021" report has been added to Research and Markets' offering.

The global synthetic lubricants market to grow at a CAGR of 3.17% during the period 2017-2021.

Global Synthetic Lubricants Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Increasing automation in the manufacturing and processing industries drives the consumption of high-performance lubricants. Long-lasting synthetic lubricants can withstand high temperature, pressure, and friction. Growing focus on energy efficiency and cleanliness drive the demand for synthetic lubricants in industries. Synthetic lubricants are oil-based and are made of various chemical compounds that are synthetically produced. The synthetic lubricants vary in their properties and compositions of chemicals and oils. They can be made from petroleum and petrochemical components that have unique chemical properties. Bio-based raw materials can also be used for producing synthetic lubricants.

The latest trend gaining momentum in the market is Emergence of bio-based environment-friendly lubricants. The development of bio-based and environment-friendly lubricants is a significant trend in the global synthetic lubricants market. Several tons of lubricants are deposited in soil and water streams because of careless disposal and leakages. Inefficient disposal has led to the emergence of various health-related issues.

Key vendors

  • BP
  • Chevron
  • Exxon Mobil
  • Royal Dutch Shell
  • Total

Other prominent vendors

  • FUCHS
  • Idemitsu Kosan
  • Gulf Oil India
  • Lubrication Engineers
  • The Dow Chemical Company

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Type

Part 07: Market Segmentation By Application

Part 08: Geographical Segmentation

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/65vwbz/global_synthetic.