Synthetic Ester Lubricants Market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. Synthetic lubricants are manufactured using chemical compounds and additives, offering superior performance and durability compared to traditional mineral-based lubricants. They play an important role in automotive engines, where they are used to reduce friction, improve fuel efficiency, and extend the life of the engine. Within the synthetic lubricant market. Synthetic ester lubricants are derived from esters, which are organic compounds formed by reacting an alcohol with a carboxylic acid. These are known for their exceptional performance in high-stress applications, such as racing engines and heavy-duty machinery. In the automotive industry, synthetic ester lubricants are commonly used in high-performance and racing engines, as well as in applications where extreme temperatures, pressures, and loads are encountered. It offers several advantages over mineral-based lubricants, such as high resistance to oxidation, improved wear protection, and reduced sludge formation. It also has higher viscosity index than mineral-based lubricants, which further allows them to maintain their viscosity and lubricating properties over a wider temperature range. Thus, the advantages offered by the synthetic ester lubricant have been the driving force for high demands among various end-use industries such as automotive, marine, and manufacturing among others.
As the demand for synthetic easter continues to grow market players have been proactively launching new and enhanced products to augment their product portfolio and remain competitive in the market. For instance, in February 2021, UK-based specialty chemical company Croda International Plc launched new dielectric ester base oil that can be used in battery cooling and electric vehicle (EV) transmission fluids to improve safety, stability, and performance.
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Market Coverage
The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Type
By Application
By End-use Industry
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including BASF SE, Huntsman Corp., Exxon Mobil Corp., Royal Dutch Shell PLC, BP Middle East LLC, and others.
Synthetic Ester Lubricants Market Report Segment
By Type
Monoester
Diester
Polyol Ester
Aromatic Carboxylic Ester
By Application
Compressor Oils
Hydraulic Oils
Metalworking Fluids
Diesel and Petrol Engine Oils
Others
By End-use Industry
Construction
Mining
Metal Production
Power Genaration
Automotive Manufacturing
Marine
Oil and Gas
Textile
Food Processing
Others
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Synthetic Ester Lubricants Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
AMSOIL INC.
BASF SE
BP p.l.c.
Castrol Ltd.
China National Petroleum Corp.
Croda International Plc
DIC CORP.
Eastman Chemical Co.
FUCHS PETROLUB SE
Huntsman Corp.
Idemitsu Kosan Co.,Ltd.
INEOS
JIANGSU LOPAL TECH.CO.,LTD.
Kendall Group
KLÜBER LUBRICATION (MALAYSIA) SDN BHD
LANXESS
Lubrication Engineers
Motul S.A.
Petroliam Nasional Berhad
Quaker Chemical Corp.
Royal Dutch Shell PLC
Shell Global
Sinopec Lubricant Co.
The Lubrizol Corp.
Total Energies international group
Valvoline
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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