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 therma...