【English Market Research Report】World Market for Synthetic Lubricating Oils
Product ID: 1473905 Publisher: SkyQuest
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The global market size for synthetic lubricants was $17.87 billion in 2022, with a projected CAGR of 4.1% during the forecast period (2024-2031), expected to grow from $18.6 billion in 2023 to $25.66 billion by 2031. Synthetic lubricants, composed of esters and polyalphaolefins (PAO), are artificial lubricants derived from synthetic base oils, serving as an alternative to mineral oils extracted from crude oil. Market growth is driven by the enhanced properties of synthetic lubricants, which include the ability to absorb heat from moving automotive parts and transfer it to coolers and sumps to manage temperature. This demand is propelled by various end-use industries, such as automotive and industrial machinery, where synthetic lubricants are preferred.
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Publication Date: April 28, 2024 Publisher: SkyQuest Page Information: English 184 Pages Table of Contents Executive Summary Research Methodology Analysis of the Parent Market Key Market Insights Market Dynamics and Outlook Global Market for Synthetic Lubricants: By Type Global Market for Synthetic Lubricants: By Product Type Global Market for Synthetic Lubricants: By End User Global Market Size for Synthetic Lubricants: By Region Competitive Landscape Key Company Profiles *The table of contents and prices for this report are as of the time of publication. For the latest information, please contact us.*
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