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Synthetic Ester Lubricants Market Overview, Analysis and Forecasts to 2020

This trend is expected to continue over the forecast period due to growing need of synthetic ester as hydraulic oils in manufacturing and construction industry. Rapid industrialization and infrastructure development in Asia Pacific is expected to propel demand for synthetic esters over the forecast period.

The Global Synthetic Ester Lubricants Market is expected to reach USD 2.0 billion by 2020, according to a new report by Grand View Research, Inc.


Increasing demand for environment-friendly products is another major factor contributing towards the overall market growth. Rising need from heavy machinery manufacturers owing to its ability to withstand high temperatures is also playing a major role in fuelling growth and trend is expected to continue over the forecast period.

Synthetic esters for compressor oils dominated the application share, accounting for 40.7% of global synthetic ester volume in 2013. Increasing use of the product in compressor oils owing to improved thermal stability, high dielectric strength and low moisture content is expected to be a favourable factor for growth in the near future.

Hydraulic oils are expected to witness growth on account of rising awareness towards environmental friendly lubricants among consumers. In addition, growing exploration activities in oil & gas industry particularly in South China Sea coupled with rising demand for hydraulic oils from energy industry particularly in India, Indonesia and Vietnam is expected to drive growth.

To Know More About Synthetic Ester Lubricants Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/synthetic-ester-lubricants-market

Europe dominated the product volume, accounting for 37.6% of the total share in 2013 primarily due to high lubricant demand from aerospace and manufacturing industries. Europe demand for synthetic ester lubricants is expected to grow at a significant rate owing to supportive regulations promoting the use of biodegradable esters in various applications including compressor oils, engine oils and metalworking fluids.

Top Players of Synthetic Ester Lubricants Market:

Key participants include Exxon Mobil, British Petroleum, Shell, Total, Chevron, Fuchs Group, Valvoline, Amsoil Inc., INEOS and International Lubricants Inc.

Market Segmentation of Synthetic Ester Lubricants Market:

The Global Synthetic Ester Lubricants Market segmented on the basis of Application and Region.

By Application:

    Compressor Oils
    Hydraulic Oils
    Metalworking Fluids
    Diesel and Petrol Engine Oils

By Region:

    North America
    Europe
    Asia Pacific
        China
    RoW

Inquire about Synthetic Ester Lubricants Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2645
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