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市场调查报告书
商品编码
1616832

合成润滑剂市场:类型，产品类型，终端用户产业，各地区，2024年～2031年

Synthetic Lubricants Market By Type (Polyalphaolefin (PAO), Esters), Product Type (Engine Oil, Hydraulic Fluids), End-User Industry (Construction, Mining), & Region for 2024-2031
出版日期: | 出版商: Verified Market Research | 英文 202 Pages | 商品交期: 2-3个工作天内

价格
简介目录

2024-2031 年合成润滑油市场评估

汽车产量和销量的增加正在推动合成润滑油的采用。随着先进製造流程的兴起，对能够承受恶劣条件的可靠润滑油的需求以及对合成润滑油选择的偏好将推动市场规模在2024年超过189亿美元，到2031年将达到约252.2亿美元。

此外，消费者和产业利害关係人对合成润滑油好处的认知和教育的提高也刺激了合成润滑油的采用。与传统润滑油相比，合成润滑油的使用间隔通常更长，透过为消费者和企业节省成本，使市场在 2024 年至 2031 年间以 3.67% 的复合年增长率成长。

合成润滑油市场定义/概述

合成润滑油是由化学工程基础油和添加剂配製而成的人造油，与传统的石油基油相比，旨在提供卓越的润滑和性能。这些油具有提高热稳定性、减少摩擦和增强耐磨性等优点，并且是针对特定应用量身定制的。因此，它适用于广泛的行业。

合成润滑剂广泛用于汽车、工业和航空航天应用。在汽车领域，高性能机油、减少引擎磨损、提高燃油效率至关重要。在工业领域，机械和设备中使用合成润滑剂来承受极端温度和压力，提高可靠性并延长维修间隔。

汽车产业推动燃油效率提高将如何增加合成润滑油的采用？

汽车产业提高燃油效率和减少排放的努力是合成润滑油市场的关键驱动力。合成润滑油具有卓越的性能特性，例如卓越的黏度指数、热稳定性和减少的摩擦，有助于提高引擎效率并延长使用寿命。根据美国能源资讯署的数据，2004 年至 2019 年间，新型轻型车辆的平均燃油经济性提高了 29%，部分原因是润滑油技术的进步。在最新进展中，埃克森美孚宣布于2023 年6 月推出美孚1 号高级燃油经济型(Mobil 1 Advanced Fuel Economy)，这是一种新型合成汽车油，旨在比传统油品提高燃油经济性高达2%。

由于工业部门（主要是新兴国家）的成长，製造、发电和重型机械等​​各种应用对合成润滑油的需求不断增加。合成润滑油可延长换油週期、减少设备停机时间并提高恶劣工业环境中的运作效率。印度统计和规划实施部报告称，2022-23 年工业生产指数成长 5.2%，显示工业活动增加，对高性能润滑油的潜在需求增加。针对此一趋势，壳牌于2023年8月宣布计画投资10亿美元扩大在中国的合成润滑油产能，以满足亚洲工业部门不断成长的需求。

环境法规和永续发展议题已成为合成润滑油市场的关键推动因素。合成润滑剂通常具有较长的使用寿命，并且需要更换的频率较低，从而减少了废物的产生和对环境的影响。欧洲环境署报告称，2020 年欧盟将收集约 220 万吨废油，凸显了对更永续润滑解决方案的需求。顺应此趋势，雪佛龙公司于2023年7月宣布推出新的ISOSYN先进技术合成基础油，该油品采用再生原料製造，与传统合成润滑油相比具有改善的生物降解性，并宣布开发成功。

最终用户对合成润滑油缺乏认识和了解会抑制市场成长吗？

与传统润滑油相比，合成润滑油市场的重要阻碍因素之一是生产成本较高。合成润滑油通常需要更先进的製造流程和原料，促使价格更高。这可能会阻止对价格敏感的消费者和企业做出转变，特别是在预算限制至关重要的行业。因此，市场在扩大客户群方面可能面临挑战。

另一个挑战是最终用户缺乏对合成润滑油优点的认识和理解。由于熟悉和认为足够，许多消费者和企业仍然依赖传统润滑剂。这种知识的缺乏可能会阻碍合成润滑剂的采用。这是因为使用者可能没有意识到效能提高、寿命延长和效率提高等长期好处。克服这种教育差距对于市场成长至关重要。

此外，各行业严格的法规和标准的存在可能成为合成润滑油市场的阻碍因素。遵守环境和安全法规可能会使合成产品的配方和行销变得复杂。製造商必须投入大量资源来确保其产品符合这些要求，这可能会增加营运成本并减缓创新。对于中小型企业来说，应对这种监管环境尤其困难，限制了它们在市场上的竞争能力。

目录

第1章 合成润滑剂的全球市场的简介

  • 市场定义
  • 市场区隔
  • 调查计划
  • 前提条件
  • 限制事项

第2章 VERIFIED MARKET RESEARCH的调查手法

  • 资料探勘
  • 资料的三角测量
  • Bottom-Up(由下而上)方法
  • Top-Down(由上而下)方法
  • 调查的流程
  • 产业专家的主要洞察
  • 资料来源

第3章 摘要整理

  • 市场概要
  • 生态学的製图
  • 绝对的商机
  • 市场魅力
  • 合成润滑剂的全球市场各地区分析(年复合成长率)
  • 合成润滑剂的全球市场:各用途(金额)
  • 合成润滑剂的全球市场:各产品(金额)
  • 今后的市场机会
  • 全球市场明细
  • 产品life line

第4章 合成润滑剂的全球市场展望

  • 合成润滑剂的全球市场的演进
  • 促进因素
  • 阻碍因素
  • 机会
  • 波特的五力分析
  • 价值链分析
  • 价格分析
  • 宏观经济分析

第5章 合成润滑剂的全球市场，各产品

  • 概要
  • 聚烯烃(PAO)
  • 酯
  • 聚烯烃基二醇(PAG)
  • 其他

第6章 合成润滑剂的全球市场:各产品类型

  • 概要
  • 机油
  • 油压工作油
  • 金属加工油
  • 压缩机油
  • 齿轮油
  • 冷冻机油
  • 变速箱·油
  • 涡轮机油

第7章 合成润滑剂的全球市场:最终用途各产业

  • 概要
  • 建设
  • 矿业
  • 金属生产
  • 水泥生产
  • 发电
  • 汽车製造
  • 化学
  • 海洋
  • 石油、天然气
  • 纺织品
  • 食品加工
  • 其他

第8章 合成润滑剂的全球市场:各地区

  • 概要
  • 北美
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 法国
    • 义大利
    • 西班牙
    • 其他欧洲
  • 亚太地区
    • 中国
    • 日本
    • 印度
    • 其他亚太地区
  • 南美
    • 巴西
    • 阿根廷
    • 其他南美国家
  • 中东·非洲
    • 阿拉伯联合大公国
    • 沙乌地阿拉伯
    • 南非
    • 其他中东和非洲

第9章 合成润滑剂的全球市场:竞争情形

  • 概要
  • 各公司的市场排行榜
  • 主要的发展
  • 企业的各地区足迹
  • 各公司各产业足迹
  • ACE矩阵

第10章 企业简介

  • BP Lubricants Pvt. Ltd.
  • Chevron Corporation
  • LANXESS
  • Valvoline
  • FUCHS
  • Pennzoil
  • Phillips 66 Company
  • Motul
  • AMSOIL INC.
  • Agip

第11章 VERIFIED MARKET INTELLIGENCE

  • 关于VERIFIED MARKET INTELLIGENCE
  • 动态的资料的视觉化
简介目录
Product Code: 7742

Synthetic Lubricants Market Valuation - 2024-2031

Increasing vehicle production and sales is propelling the adoption of synthetic lubricants. The rise of advanced manufacturing processes necessitates reliable lubricants that can withstand extreme conditions, favouring synthetic options is driving the market size surpass USD 18.9 Billion valued in 2024 to reach a valuation of aroundUSD 25.22 Billion by 2031.

In addition to this, increased awareness and education about the benefits of synthetic lubricants among consumers and industry professionals is spurring up the adoption of synthetic lubricants. Synthetic lubricants often have longer service intervals compared to conventional oils, offering cost savings for consumers and businesses is enabling the market to grow at aCAGR of 3.67% from 2024 to 2031.

Synthetic Lubricants Market: Definition/ Overview

Synthetic lubricants are man-made oils formulated from chemically engineered base oils and additives designed to provide superior lubrication and performance compared to conventional petroleum-based oils. They are tailored for specific applications, offering benefits like improved thermal stability, reduced friction, and enhanced wear protection. This makes them suitable for a wide range of industries.

Synthetic lubricants are widely used in automotive, industrial, and aerospace applications. In the automotive sector, they are essential for high-performance engine oils, reducing engine wear and improving fuel efficiency. In industrial settings, synthetic lubricants are employed in machinery and equipment to withstand extreme temperatures and pressures, enhancing reliability and extending service intervals.

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How will Automotive Industry's Push for Improved Fuel Efficiency Increase Adoption of Synthetic Lubricants?

The automotive industry's push for improved fuel efficiency and reduced emissions has been a significant driver of the synthetic lubricants market. Synthetic lubricants offer superior performance characteristics, including better viscosity index, thermal stability, and reduced friction, which contribute to enhanced engine efficiency and longevity. According to the U.S. Energy Information Administration, the average fuel economy of new light-duty vehicles increased by 29% between 2004 and 2019, partly due to advancements in lubricant technology. In a recent development, ExxonMobil announced in June 2023, the launch of its new Mobil 1 Advanced Fuel Economy synthetic motor oil, designed to improve fuel efficiency by up to 2% compared to conventional oils.

The growing industrial sector, particularly in emerging economies, has fueled demand for synthetic lubricants in various applications such as manufacturing, power generation, and heavy machinery. Synthetic lubricants offer extended drain intervals, reduced equipment downtime, and improved operational efficiency in demanding industrial environments. The Indian Ministry of Statistics and Programme Implementation reported that the Index of Industrial Production grew by 5.2% in 2022-23, indicating increased industrial activity and potential demand for high-performance lubricants. Responding to this trend, Shell plc unveiled in August 2023 its plans to expand its synthetic lubricants production capacity in China, with a USD 1 Billion investment to meet the rising demand in Asia's industrial sectors.

Environmental regulations and sustainability concerns have emerged as key drivers for the synthetic lubricants market. Synthetic lubricants typically have a longer lifespan and require less frequent changes, resulting in reduced waste generation and environmental impact. The European Environment Agency reported that in 2020, the EU collected about 2.2 million tonnes of waste oils, emphasizing the need for more sustainable lubrication solutions. In line with this trend, Chevron Corporation announced in July 2023 the successful development of its new ISOSYN Advanced Technology synthetic base oils, produced using renewable feedstocks and offering improved biodegradability compared to conventional synthetic lubricants.

Will Lack of Awareness and Understanding among End-Users of Synthetic Lubricants Restrain the Market Growth?

One significant restraint in the synthetic lubricants market is the high cost of production compared to conventional lubricants. Synthetic lubricants typically require more advanced manufacturing processes and raw materials, leading to increased pricing. This can deter price-sensitive consumers and businesses from making the switch, particularly in industries where budget constraints are paramount. As a result, the market may face challenges in expanding its customer base.

Another challenge is the lack of awareness and understanding among end-users regarding the benefits of synthetic lubricants. Many consumers and businesses still rely on traditional lubricants due to familiarity and perceived sufficiency for their needs. This lack of knowledge can hinder the adoption of synthetic options, as users may not recognize the long-term advantages such as better performance, extended lifespan, and improved efficiency. Overcoming this educational gap is crucial for market growth.

Additionally, the presence of stringent regulations and standards in various industries can pose a restraint on the synthetic lubricants market. Compliance with environmental and safety regulations can complicate the formulation and marketing of synthetic products. Manufacturers must invest significant resources to ensure their products meet these requirements, which can increase operational costs and slow down innovation. Navigating these regulatory landscapes can be particularly challenging for smaller companies, limiting their competitiveness in the market.

Category-Wise Acumens

Which Factors are Contributing to Leadership of Polyalphaolefin (PAO) Segment in Synthetic Lubricants Market?

Polyalphaolefin (PAO) is emerging as the dominant player in the synthetic lubricants market, owing to its superior performance characteristics and versatility across various applications. PAOs offer excellent thermal stability, low volatility, and high viscosity index, making them ideal for use in automotive engines, industrial machinery, and aerospace equipment. According to the U.S. Department of Energy, synthetic lubricants, primarily PAO-based, can improve fuel economy by 2-3% in passenger vehicles compared to conventional mineral oils. In a recent development, ExxonMobil announced in May 2023 the expansion of its PAO production capacity at its Baytown, Texas facility, investing USD 2 Billion to meet the growing global demand for high-performance synthetic lubricants.

The aerospace and defense sectors have been key drivers in the adoption of PAO-based synthetic lubricants, due to their ability to withstand extreme temperatures and pressures. PAOs maintain their lubricating properties in both high and low-temperature environments, crucial for aircraft engines and military equipment. The U.S. Air Force reported that the use of synthetic lubricants, predominantly PAO-based, has extended the service life of aircraft engines by up to 40% compared to conventional oils.

Will Engine Oil Segment Lead in Synthetic Lubricants Market?

The synthetic lubricants market is predominantly driven by engine oil, thereby emerging as the leading application segment due to the automotive industry's continuous pursuit of improved fuel efficiency and engine performance. Synthetic engine oils offer superior protection against wear, better viscosity stability across temperature ranges, and extended drain intervals compared to conventional mineral oils. According to the U.S. Energy Information Administration, light-duty vehicle fuel economy improved by 29% between model years 2004 and 2019, partly attributed to the widespread adoption of synthetic engine oils.

The commercial vehicle sector has significantly contributed to the dominance of synthetic engine oils in the market. Heavy-duty trucks and buses operating under severe conditions benefit greatly from the enhanced protection and extended oil change intervals offered by synthetic lubricants. The European Automobile Manufacturers Association reported that in 2021, over 70% of new heavy-duty vehicles in Europe used full synthetic or semi-synthetic engine oils to meet stringent emission standards and improve fuel economy.

Country/Region-wise Acumens

Will Rising Automotive Industry in North America Drive Synthetic Lubricants Market Growth?

North America dominating synthetic lubricants market, driven by increasing demand across various sectors. According to the U.S. Department of Energy, the synthetic lubricant market is projected to reach approximately USD 1.8 Billion by 2025, reflecting a compound annual growth rate of around 4.5% from 2020. Key players like ExxonMobil have recently expanded their production capacities to meet the rising demand for high-performance lubricants, emphasizing their commitment to innovation.

The automotive industry is a primary contributor to the surge in synthetic lubricant usage, with manufacturers increasingly recommending synthetic oils for their efficiency and longevity. As per the American Petroleum Institute, over 60% of new vehicles sold in the U.S. are now designed for synthetic lubricants, a trend that showcases the industry's shift towards advanced engine technologies. Companies such as Shell have announced partnerships with automotive manufacturers to develop tailored lubricants, enhancing performance and sustainability in their vehicles.

Will Rising Industrialization Enhance Adoption of Synthetic Lubricants in Asia Pacific?

The Asia Pacific region is experiencing remarkable growth in the synthetic lubricants market, fueled by industrialization and increasing automotive sales. According to a report by the International Energy Agency, the region is projected to account for nearly 30% of the global synthetic lubricants market by 2025. Major companies like Castrol are expanding their operations in countries like India and China, catering to the rising demand for high-performance lubricants in the automotive sector.

In the industrial sector, the push for enhanced energy efficiency is driving the adoption of synthetic lubricants. The Asian Development Bank noted that the industrial lubricants market in Asia Pacific is expected to grow at a CAGR of 6.1% from 2021 to 2026. In line with this trend, companies such as TotalEnergies are introducing innovative synthetic products designed to improve machinery performance while reducing energy consumption, thus appealing to environmentally conscious manufacturers.

Competitive Landscape

The synthetic lubricants market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the synthetic lubricants market include:

  • ExxonMobil
  • Shell
  • Chevron
  • BP
  • TotalEnergies
  • Fuchs Petrolub
  • Castrol (BP)
  • Phillips 66
  • Kluber Lubrication
  • Valvoline
  • Amsoil
  • Motul
  • Idemitsu Kosan
  • Lubrizol Corporation
  • Gulf Oil
  • Sinopec
  • Repsol
  • Petro-Canada
  • Cargill Bioindustrial
  • Chevron Phillips Chemical Company

Latest Developments

  • In September 2023, ExxonMobil launched a new line of synthetic lubricants designed specifically for electric vehicles, focusing on enhancing efficiency and reducing wear.
  • In August 2023, Shell announced a partnership with a leading automotive manufacturer to develop advanced synthetic oils that optimize engine performance.

TABLE OF CONTENTS

1 INTRODUCTION OF THE GLOBAL SYNTHETIC LUBRICANTS MARKET

  • 1.1 Market Definition
  • 1.2 Market Segmentation
  • 1.3 Research Timelines
  • 1.4 Assumptions
  • 1.5 Limitations

2 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

  • 2.1 Data Mining
  • 2.2 Data Triangulation
  • 2.3 Bottom-Up Approach
  • 2.4 Top-Down Approach
  • 2.5 Research Flow
  • 2.6 Key Insights from Industry Experts
  • 2.7 Data Sources

3 EXECUTIVE SUMMARY

  • 3.1 Market Overview
  • 3.2 Ecology Mapping
  • 3.3 Absolute Market Opportunity
  • 3.4 Market Attractiveness
  • 3.5 Global Synthetic Lubricants Market Geographical Analysis (CAGR %)
  • 3.6 Global Synthetic Lubricants Market, By Application (USD Million)
  • 3.7 Global Synthetic Lubricants Market, By Product (USD Million)
  • 3.8 Future Market Opportunities
  • 3.9 Global Market Split
  • 3.10 Product Life Line

4 GLOBAL SYNTHETIC LUBRICANTS MARKET OUTLOOK

  • 4.1 Global Synthetic Lubricants Market Evolution
  • 4.2 Drivers
    • 4.2.1 Driver 1
    • 4.2.2 Driver 2
  • 4.3 Restraints
    • 4.3.1 Restraint 1
    • 4.3.2 Restraint 2
  • 4.4 Opportunities
    • 4.4.1 Opportunity 1
    • 4.4.2 Opportunity 2
  • 4.5 Porters Five Force Model
  • 4.6 Value Chain Analysis
  • 4.7 Pricing Analysis
  • 4.8 Macroeconomic Analysis

5 GLOBAL SYNTHETIC LUBRICANTS MARKET, BY PRODUCT

  • 5.1 Overview
  • 5.2 Polyalphaolefin (PAO)
  • 5.3 Esters
  • 5.4 Polyalkylene Glycol (PAG)
  • 5.5 Others

6 GLOBAL SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE

  • 6.1 Overview
  • 6.2 Engine Oil
  • 6.3 Hydraulic Fluids
  • 6.4 Metalworking Fluids
  • 6.5 Compressor Oil
  • 6.6 Gear Oil
  • 6.7 Refrigeration Oil
  • 6.9 Transmission Fluids
  • 6.10 Turbine Oil

7 GLOBAL SYNTHETIC LUBRICANTS MARKET, BY END-USE INDUSTRY

  • 7.1 Overview
  • 7.2 Construction
  • 7.3 Mining
  • 7.4 Metal Production
  • 7.5 Cement Production
  • 7.6 Power Generation
  • 7.7 Automotive Manufacturing
  • 7.8 Chemical
  • 7.9 Marine
  • 7.10 Oil & Gas
  • 7.11 Textile
  • 7.12 Food Processing
  • 7.13 Others

8 GLOBAL SYNTHETIC LUBRICANTS MARKET, BY GEOGRAPHY

  • 8.1 Overview
  • 8.2 North America
    • 8.2.1 U.S.
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 U.K.
    • 8.3.3 France
    • 8.3.4 Italy
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 China
    • 8.4.2 Japan
    • 8.4.3 India
    • 8.4.4 Rest of Asia Pacific
  • 8.5 Latin America
    • 8.5.1 Brazil
    • 8.5.2 Argentina
    • 8.5.3 Rest of Latin America
  • 8.6 Middle-East and Africa
    • 8.6.1 UAE
    • 8.6.2 Saudi Arabia
    • 8.6.3 South Africa
    • 8.6.4 Rest of Middle-East and Africa

9 GLOBAL SYNTHETIC LUBRICANTS MARKET COMPETITIVE LANDSCAPE

  • 9.1 Overview
  • 9.2 Company Market Ranking
  • 9.3 Key Developments
  • 9.4 Company Regional Footprint
  • 9.5 Company Industry Footprint
  • 9.6 ACE Matrix

10 COMPANY PROFILES

  • 10.1 BP Lubricants Pvt. Ltd.
    • 10.1.1 Company Overview
    • 10.1.2 Company Insights
    • 10.1.3 Product Benchmarking
    • 10.1.4 Key Development
    • 10.1.5 Winning Imperatives
    • 10.1.6 Current Focus & Strategies
    • 10.1.7 Threat from Competition
    • 10.1.8 SWOT Analysis
  • 10.2 Chevron Corporation
    • 10.2.1 Company Overview
    • 10.2.2 Company Insights
    • 10.2.3 Product Benchmarking
    • 10.2.4 Key Development
  • 10.3 LANXESS
    • 10.3.1 Company Overview
    • 10.3.2 Company Insights
    • 10.3.3 Product Benchmarking
    • 10.3.4 Key Development
  • 10.4 Valvoline
    • 10.4.1 Company Overview
    • 10.4.2 Company Insights
    • 10.4.3 Product Benchmarking
    • 10.4.4 Key Development
  • 10.5 FUCHS
    • 10.5.1 Company Overview
    • 10.5.2 Company Insights
    • 10.5.3 Product Benchmarking
    • 10.5.4 Key Development
  • 10.6 Pennzoil
    • 10.6.1 Company Overview
    • 10.6.2 Company Insights
    • 10.6.3 Product Benchmarking
    • 10.6.4 Key Development
  • 10.7 Phillips 66 Company
    • 10.7.1 Company Overview
    • 10.7.2 Company Insights
    • 10.7.3 Product Benchmarking
    • 10.7.4 Key Development
  • 10.8 Motul
    • 10.8.1 Company Overview
    • 10.8.2 Company Insights
    • 10.8.3 Product Benchmarking
    • 10.8.4 Key Development
  • 10.9 AMSOIL INC.
    • 10.9.1 Company Overview
    • 10.9.2 Company Insights
    • 10.9.3 Product Benchmarking
    • 10.9.4 Key Development
  • 10.10 Agip
    • 10.10.1 Company Overview
    • 10.10.2 Company Insights
    • 10.10.3 Product Benchmarking
    • 10.10.4 Key Development

11 VERIFIED MARKET INTELLIGENCE

  • 11.1 About Verified Market Intelligence
  • 11.2 Dynamic Data Visualization