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1616832

合成潤滑劑市場:類型，產品類型，終端用戶產業，各地區，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個工作天內

價格
簡介目錄

2024-2031 年合成潤滑油市場評估

汽車產量和銷量的增加正在推動合成潤滑油的採用。隨著先進製造流程的興起，對能夠承受惡劣條件的可靠潤滑油的需求以及對合成潤滑油選擇的偏好將推動市場規模在2024年超過189億美元，到2031年將達到約252.2億美元。

此外，消費者和產業利害關係人對合成潤滑油好處的認知和教育的提高也刺激了合成潤滑油的採用。與傳統潤滑油相比，合成潤滑油的使用間隔通常更長，透過為消費者和企業節省成本，使市場在 2024 年至 2031 年間以 3.67% 的複合年增長率成長。

合成潤滑油市場定義/概述

合成潤滑油是由化學工程基礎油和添加劑配製而成的人造油，與傳統的石油基油相比，旨在提供卓越的潤滑和性能。這些油具有提高熱穩定性、減少摩擦和增強耐磨性等優點，並且是針對特定應用量身定制的。因此，它適用於廣泛的行業。

合成潤滑劑廣泛用於汽車、工業和航空航天應用。在汽車領域，高性能機油、減少引擎磨損、提高燃油效率至關重要。在工業領域，機械和設備中使用合成潤滑劑來承受極端溫度和壓力，提高可靠性並延長維修間隔。

汽車產業推動燃油效率提高將如何增加合成潤滑油的採用？

汽車產業提高燃油效率和減少排放的努力是合成潤滑油市場的關鍵驅動力。合成潤滑油具有卓越的性能特性，例如卓越的黏度指數、熱穩定性和減少的摩擦，有助於提高引擎效率並延長使用壽命。根據美國能源資訊署的數據，2004 年至 2019 年間，新型輕型車輛的平均燃油經濟性提高了 29%，部分原因是潤滑油技術的進步。在最新進展中，埃克森美孚宣佈於2023 年6 月推出美孚1 號高級燃油經濟型(Mobil 1 Advanced Fuel Economy)，這是一種新型合成汽車油，旨在比傳統油品提高燃油經濟性高達2%。

由於工業部門（主要是新興國家）的成長，製造、發電和重型機械等​​各種應用對合成潤滑油的需求不斷增加。合成潤滑油可延長換油週期、減少設備停機時間並提高惡劣工業環境中的運作效率。印度統計和規劃實施部報告稱，2022-23 年工業生產指數成長 5.2%，顯示工業活動增加，對高性能潤滑油的潛在需求增加。針對此一趨勢，殼牌於2023年8月宣布計畫投資10億美元擴大在中國的合成潤滑油產能，以滿足亞洲工業部門不斷成長的需求。

環境法規和永續發展議題已成為合成潤滑油市場的關鍵推動因素。合成潤滑劑通常具有較長的使用壽命，並且需要更換的頻率較低，從而減少了廢物的產生和對環境的影響。歐洲環境署報告稱，2020 年歐盟將收集約 220 萬噸廢油，凸顯了對更永續潤滑解決方案的需求。順應此趨勢，雪佛龍公司於2023年7月宣布推出新的ISOSYN先進技術合成基礎油，該油品採用再生原料製造，與傳統合成潤滑油相比具有改善的生物降解性，並宣布開發成功。

最終用戶對合成潤滑油缺乏認識和了解會抑制市場成長嗎？

與傳統潤滑油相比，合成潤滑油市場的重要阻礙因素之一是生產成本較高。合成潤滑油通常需要更先進的製造流程和原料，促使價格更高。這可能會阻止對價格敏感的消費者和企業做出轉變，特別是在預算限制至關重要的行業。因此，市場在擴大客戶群方面可能面臨挑戰。

另一個挑戰是最終用戶缺乏對合成潤滑油優點的認識和理解。由於熟悉和認為足夠，許多消費者和企業仍然依賴傳統潤滑劑。這種知識的缺乏可能會阻礙合成潤滑劑的採用。這是因為使用者可能沒有意識到效能提高、壽命延長和效率提高等長期好處。克服這種教育差距對於市場成長至關重要。

此外，各行業嚴格的法規和標準的存在可能成為合成潤滑油市場的阻礙因素。遵守環境和安全法規可能會使合成產品的配方和行銷變得複雜。製造商必須投入大量資源來確保其產品符合這些要求，這可能會增加營運成本並減緩創新。對於中小型企業來說，應對這種監管環境尤其困難，限制了它們在市場上的競爭能力。

目錄

第1章 合成潤滑劑的全球市場的簡介

  • 市場定義
  • 市場區隔
  • 調查計劃
  • 前提條件
  • 限制事項

第2章 VERIFIED MARKET RESEARCH的調查手法

  • 資料探勘
  • 資料的三角測量
  • Bottom-Up(由下而上)方法
  • Top-Down(由上而下)方法
  • 調查的流程
  • 產業專家的主要洞察
  • 資料來源

第3章 摘要整理

  • 市場概要
  • 生態學的製圖
  • 絕對的商機
  • 市場魅力
  • 合成潤滑劑的全球市場各地區分析(年複合成長率)
  • 合成潤滑劑的全球市場:各用途(金額)
  • 合成潤滑劑的全球市場:各產品(金額)
  • 今後的市場機會
  • 全球市場明細
  • 產品life line

第4章 合成潤滑劑的全球市場展望

  • 合成潤滑劑的全球市場的演進
  • 促進因素
  • 阻礙因素
  • 機會
  • 波特的五力分析
  • 價值鏈分析
  • 價格分析
  • 宏觀經濟分析

第5章 合成潤滑劑的全球市場，各產品

  • 概要
  • 聚烯烴(PAO)
  • 酯
  • 聚烯烴基二醇(PAG)
  • 其他

第6章 合成潤滑劑的全球市場:各產品類型

  • 概要
  • 機油
  • 油壓工作油
  • 金屬加工油
  • 壓縮機油
  • 齒輪油
  • 冷凍機油
  • 變速箱·油
  • 渦輪機油

第7章 合成潤滑劑的全球市場:最終用途各產業

  • 概要
  • 建設
  • 礦業
  • 金屬生產
  • 水泥生產
  • 發電
  • 汽車製造
  • 化學
  • 海洋
  • 石油、天然氣
  • 紡織品
  • 食品加工
  • 其他

第8章 合成潤滑劑的全球市場:各地區

  • 概要
  • 北美
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 法國
    • 義大利
    • 西班牙
    • 其他歐洲
  • 亞太地區
    • 中國
    • 日本
    • 印度
    • 其他亞太地區
  • 南美
    • 巴西
    • 阿根廷
    • 其他南美國家
  • 中東·非洲
    • 阿拉伯聯合大公國
    • 沙烏地阿拉伯
    • 南非
    • 其他中東和非洲

第9章 合成潤滑劑的全球市場:競爭情形

  • 概要
  • 各公司的市場排行榜
  • 主要的發展
  • 企業的各地區足跡
  • 各公司各產業足跡
  • ACE矩陣

第10章 企業簡介

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

第11章 VERIFIED MARKET INTELLIGENCE

  • 關於VERIFIED MARKET INTELLIGENCE
  • 動態的資料的視覺化
簡介目錄
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