Synthetic Lubricants Market was valued at US$ 35.14 Bn in 2022, and is expected to reach US$ 43.10 Bn by 2029, at a CAGR of 2.96% during forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Synthetic lubricants Market Dynamics:
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Synthetic lubricants market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Synthetic lubricants market. The major drivers behind the growth of the synthetic lubricants market are increasing demand from automotive industries especially in growing populations and developing economies. However, the high operational cost to produce synthetic lubricants can hamper the growth of the market. Implementation of environmental regulations on the automotive sector to reduce carbon emission is expected to boost the sale of synthetic lubricants and create various opportunities for synthetic lubricants manufacturers. The advantages of synthetic lubricants are decreased evaporation loss, better chemical and shear stability, better lubrication during extreme cold weather conditions, improves fuel economy, high viscosity index, resistance to oxidation, thermal breakdown and oil sludge problems, better engine life, increased horsepower and torque due to less drag on vehicle engine.Synthetic lubricants Market Segment Analysis:
Based on the type, the PAO (Poly-alpha-olefin) segment accounted for the largest market shares, in 2021, and it is expected to lead the synthetic lubricants market during the forecast period. Synthetic lubricants are designated at API Group IV and are a 100% synthetic chemical compound. It is a specific type of olefin (organic) that is used as a base stock in the production of some synthetic lubricants. The growth in the market size of PAO synthetic lubricants is attributed to its improved oxidative and thermal stability and increasing use in various applications, such as engine oil, metalworking fluids, and hydraulic fluids. Based on the application, the engine oil segment accounts the largest market share in 2021, and it is expected to dominate the synthetic lubricants market during forecast period. The demand for engine oil is mainly driven by the growing automotive industry, which includes personal vehicles and high cargo transportation. The engine oil is mainly used in automobiles to reduce the friction and damage in metal-to-metal contact. Geographically, Asia Pacific holds a major share of the market and is expected to be a dominant market with a high CAGR during the forecast period. The rapid growth of automotive industry is fueling the growth of aromatic synthetic lubricants in the developing countries such as India, China, and Japan. North America is another dominant region in the market for synthetic lubricants. The developed end-user industries such as automotive, and construction transportation, among others are significantly driving the market growth.Synthetic lubricants Market Key Highlights:
• Global Synthetic lubricants Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Synthetic lubricants Market • Global Synthetic lubricants Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Synthetic lubricants Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Synthetic lubricants Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Synthetic lubricants Market are also profiled. The report has considered the base year of 2022 and past four years trend. 2029 figures are at actuals, however due to different dynamics of year 2029, market forecast is not only dependent upon 2022, but on the basis of 2017-2022.Synthetic lubricants Market Scope: Inquire before buying
Synthetic lubricants Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 35.14 Bn. Forecast Period 2023 to 2029 CAGR: 2.96% Market Size in 2029: US $ 43.10 Bn. Segments Covered: by Types • Silicones • Esters • PAO • PAG • Others by Application • Engine Oil • Process Oil • Hydraulic Oil • Marine Lubricants • Metal Working Fluids • Others by End User • Automobile • Construction • Power & Energy • Mining • Oil & Gas • Food Processing • Others Synthetic lubricants Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Synthetic lubricants Market Key Player
• Royal Dutch Shell PLC • ExxonMobil Corporation • British Petroleum PLC • Chevron Corporation • Total SA • Sinopec Limited • Lukoil • Indian Oil Corporation Ltd. • Fuchs Group • Idemitsu Kosan Co. Ltd. • Eni SpA • Castrol • Fischer–Tropsch process • Mobil 1 Frequently Asked Questions: 1. Which region has the largest share in Global Synthetic lubricants Market? Ans: Asia-Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Synthetic lubricants Market? Ans: The Global Synthetic lubricants Market is growing at a CAGR of 2.96% during forecasting period 2023-2029. 3. What is scope of the Global Synthetic lubricants market report? Ans: Global Synthetic lubricants Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Synthetic lubricants market? Ans: The important key players in the Global Synthetic lubricants Market are – Royal Dutch Shell PLC, ExxonMobil Corporation, British Petroleum PLC, Chevron Corporation, Total SA 5. What is the study period of this market? Ans: The Global Synthetic lubricants Market is studied from 2022 to 2029.
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Synthetic Lubricant Market Size, by Market Value (US$ Bn) and Market Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Synthetic Lubricant Market Industry Trends 4.8. Patent Registration 4.9.Global Synthetic Lubricant Market Competitive Landscape 5. Supply Side and Demand Side Indicators 6. Global Synthetic Lubricant Market Analysis and Forecast 6.1. Global Synthetic Lubricant Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Synthetic Lubricant Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Synthetic Lubricant Market Value Share Analysis, by Type 7.4. Global Synthetic Lubricant Market Size (US$ Bn) Forecast, by Type 7.5. Global Synthetic Lubricant Market Analysis, by Type 7.6. Global Synthetic Lubricant Market Attractiveness Analysis, by Type 8. Global Synthetic Lubricant Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Synthetic Lubricant Market Value Share Analysis, by Application 8.4. Global Synthetic Lubricant Market Size (US$ Bn) Forecast, by Application 8.5. Global Synthetic Lubricant Market Analysis, by Application 8.6. Global Synthetic Lubricant Market Attractiveness Analysis, by Application 9. Global Synthetic Lubricant Market Analysis and Forecast, by End User 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Synthetic Lubricant Market Value Share Analysis, by End User 9.4. Global Synthetic Lubricant Market Size (US$ Bn) Forecast, by End User 9.5. Global Synthetic Lubricant Market Analysis, by End User 9.6. Global Synthetic Lubricant Market Attractiveness Analysis, by End User 10. Global Synthetic Lubricant Market Analysis, by Region 10.1. Global Synthetic Lubricant Market Value Share Analysis, by Region 10.2. Global Synthetic Lubricant Market Size (US$ Bn) Forecast, by Region 10.3. Global Synthetic Lubricant Market Attractiveness Analysis, by Region 11. North America Synthetic Lubricant Market Analysis 11.1. Key Findings 11.2. North America Synthetic Lubricant Market Overview 11.3. North America Synthetic Lubricant Market Value Share Analysis, by Type 11.4. North America Synthetic Lubricant Market Forecast, by Type 11.4.1. Silicones 11.4.2. Esters 11.4.3. PAO 11.4.4. PAG 11.4.5. Others 11.5. North America Synthetic Lubricant Market Value Share Analysis, by Application 11.6. North America Synthetic Lubricant Market Forecast, by Application 11.6.1. Engine Oil 11.6.2. Process Oil 11.6.3. Hydraulic Oil 11.6.4. Marine Lubricants 11.6.5. Metal Working Fluids 11.6.6. Others 11.7. North America Synthetic Lubricant Market Value Share Analysis, by End User 11.8. North America Synthetic Lubricant Market Forecast, by End User 11.8.1. Automobile 11.8.2. Construction 11.8.3. Power & Energy 11.8.4. Mining 11.8.5. Oil & Gas 11.8.6. Food Processing 11.8.7. Others 11.9. North America Synthetic Lubricant Market Value Share Analysis, by Country 11.10. North America Synthetic Lubricant Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Synthetic Lubricant Market Analysis, by Country 11.12. U.S. Synthetic Lubricant Market Forecast, by Type 11.12.1. Silicones 11.12.2. Esters 11.12.3. PAO 11.12.4. PAG 11.12.5. Others 11.13. U.S. Synthetic Lubricant Market Forecast, by Application 11.13.1. Engine Oil 11.13.2. Process Oil 11.13.3. Hydraulic Oil 11.13.4. Marine Lubricants 11.13.5. Metal Working Fluids 11.13.6. Others 11.14. U.S. Synthetic Lubricant Market Forecast, by End User 11.14.1. Automobile 11.14.2. Construction 11.14.3. Power & Energy 11.14.4. Mining 11.14.5. Oil & Gas 11.14.6. Food Processing 11.14.7. Others 11.15. Canada Synthetic Lubricant Market Forecast, by Type 11.15.1. Silicones 11.15.2. Esters 11.15.3. PAO 11.15.4. PAG 11.15.5. Others 11.16. Canada Synthetic Lubricant Market Forecast, by Application 11.16.1. Engine Oil 11.16.2. Process Oil 11.16.3. Hydraulic Oil 11.16.4. Marine Lubricants 11.16.5. Metal Working Fluids 11.16.6. Others 11.17. Canada Synthetic Lubricant Market Forecast, by End User 11.17.1. Automobile 11.17.2. Construction 11.17.3. Power & Energy 11.17.4. Mining 11.17.5. Oil & Gas 11.17.6. Food Processing 11.17.7. Others 11.18. North America Synthetic Lubricant Market Attractiveness Analysis 11.18.1. By Type 11.18.2. By Application 11.18.3. By End User 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Synthetic Lubricant Market Analysis 12.1. Key Findings 12.2. Europe Synthetic Lubricant Market Overview 12.3. Europe Synthetic Lubricant Market Value Share Analysis, by Type 12.4. Europe Synthetic Lubricant Market Forecast, by Type 12.4.1. Silicones 12.4.2. Esters 12.4.3. PAO 12.4.4. PAG 12.4.5. Others 12.5. Europe Synthetic Lubricant Market Value Share Analysis, by Application 12.6. Europe Synthetic Lubricant Market Forecast, by Application 12.6.1. Engine Oil 12.6.2. Process Oil 12.6.3. Hydraulic Oil 12.6.4. Marine Lubricants 12.6.5. Metal Working Fluids 12.6.6. Others 12.7. Europe Synthetic Lubricant Market Value Share Analysis, by End User 12.8. Europe Synthetic Lubricant Market Forecast, by End User 12.8.1. Automobile 12.8.2. Construction 12.8.3. Power & Energy 12.8.4. Mining 12.8.5. Oil & Gas 12.8.6. Food Processing 12.8.7. Others 12.9. Europe Synthetic Lubricant Market Value Share Analysis, by Country 12.10. Europe Synthetic Lubricant Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe Synthetic Lubricant Market Analysis, by Country 12.12. Germany Synthetic Lubricant Market Forecast, by Type 12.12.1. Silicones 12.12.2. Esters 12.12.3. PAO 12.12.4. PAG 12.12.5. Others 12.13. Germany Synthetic Lubricant Market Forecast, by Application 12.13.1. Engine Oil 12.13.2. Process Oil 12.13.3. Hydraulic Oil 12.13.4. Marine Lubricants 12.13.5. Metal Working Fluids 12.13.6. Others 12.14. Germany Synthetic Lubricant Market Forecast, by End User 12.14.1. Automobile 12.14.2. Construction 12.14.3. Power & Energy 12.14.4. Mining 12.14.5. Oil & Gas 12.14.6. Food Processing 12.14.7. Others 12.15. U.K. Synthetic Lubricant Market Forecast, by Type 12.15.1. Silicones 12.15.2. Esters 12.15.3. PAO 12.15.4. PAG 12.15.5. Others 12.16. U.K. Synthetic Lubricant Market Forecast, by Application 12.16.1. Engine Oil 12.16.2. Process Oil 12.16.3. Hydraulic Oil 12.16.4. Marine Lubricants 12.16.5. Metal Working Fluids 12.16.6. Others 12.17. U.K. Synthetic Lubricant Market Forecast, by End User 12.17.1. Automobile 12.17.2. Construction 12.17.3. Power & Energy 12.17.4. Mining 12.17.5. Oil & Gas 12.17.6. Food Processing 12.17.7. Others 12.18. France Synthetic Lubricant Market Forecast, by Type 12.18.1. Silicones 12.18.2. Esters 12.18.3. PAO 12.18.4. PAG 12.18.5. Others 12.19. France Synthetic Lubricant Market Forecast, by Application 12.19.1. Engine Oil 12.19.2. Process Oil 12.19.3. Hydraulic Oil 12.19.4. Marine Lubricants 12.19.5. Metal Working Fluids 12.19.6. Others 12.20. France Synthetic Lubricant Market Forecast, by End User 12.20.1. Automobile 12.20.2. Construction 12.20.3. Power & Energy 12.20.4. Mining 12.20.5. Oil & Gas 12.20.6. Food Processing 12.20.7. Others 12.21. Italy Synthetic Lubricant Market Forecast, by Type 12.21.1. Silicones 12.21.2. Esters 12.21.3. PAO 12.21.4. PAG 12.21.5. Others 12.22. Italy Synthetic Lubricant Market Forecast, by Application 12.22.1. Engine Oil 12.22.2. Process Oil 12.22.3. Hydraulic Oil 12.22.4. Marine Lubricants 12.22.5. Metal Working Fluids 12.22.6. Others 12.23. Italy Synthetic Lubricant Market Forecast, by End User 12.23.1. Automobile 12.23.2. Construction 12.23.3. Power & Energy 12.23.4. Mining 12.23.5. Oil & Gas 12.23.6. Food Processing 12.23.7. Others 12.24. Spain Synthetic Lubricant Market Forecast, by Type 12.24.1. Silicones 12.24.2. Esters 12.24.3. PAO 12.24.4. PAG 12.24.5. Others 12.25. Spain Synthetic Lubricant Market Forecast, by Application 12.25.1. Engine Oil 12.25.2. Process Oil 12.25.3. Hydraulic Oil 12.25.4. Marine Lubricants 12.25.5. Metal Working Fluids 12.25.6. Others 12.26. Spain Synthetic Lubricant Market Forecast, by End User 12.26.1. Automobile 12.26.2. Construction 12.26.3. Power & Energy 12.26.4. Mining 12.26.5. Oil & Gas 12.26.6. Food Processing 12.26.7. Others 12.27. Rest of Europe Synthetic Lubricant Market Forecast, by Type 12.27.1. Silicones 12.27.2. Esters 12.27.3. PAO 12.27.4. PAG 12.27.5. Others 12.28. Rest of Europe Synthetic Lubricant Market Forecast, by Application 12.28.1. Engine Oil 12.28.2. Process Oil 12.28.3. Hydraulic Oil 12.28.4. Marine Lubricants 12.28.5. Metal Working Fluids 12.28.6. Others 12.29. Rest of Europe Synthetic Lubricant Market Forecast, by End User 12.29.1. Automobile 12.29.2. Construction 12.29.3. Power & Energy 12.29.4. Mining 12.29.5. Oil & Gas 12.29.6. Food Processing 12.29.7. Others 12.30. Europe Synthetic Lubricant Market Attractiveness Analysis 12.30.1. By Type 12.30.2. By Application 12.30.3. By End User 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Asia Pacific Synthetic Lubricant Market Analysis 13.1. Key Findings 13.2. Asia Pacific Synthetic Lubricant Market Overview 13.3. Asia Pacific Synthetic Lubricant Market Value Share Analysis, by Type 13.4. Asia Pacific Synthetic Lubricant Market Forecast, by Type 13.4.1. Silicones 13.4.2. Esters 13.4.3. PAO 13.4.4. PAG 13.4.5. Others 13.5. Asia Pacific Synthetic Lubricant Market Value Share Analysis, by Application 13.6. Asia Pacific Synthetic Lubricant Market Forecast, by Application 13.6.1. Engine Oil 13.6.2. Process Oil 13.6.3. Hydraulic Oil 13.6.4. Marine Lubricants 13.6.5. Metal Working Fluids 13.6.6. Others 13.7. Asia Pacific Synthetic Lubricant Market Value Share Analysis, by End User 13.8. Asia Pacific Synthetic Lubricant Market Forecast, by End User 13.8.1. Automobile 13.8.2. Construction 13.8.3. Power & Energy 13.8.4. Mining 13.8.5. Oil & Gas 13.8.6. Food Processing 13.8.7. Others 13.9. Asia Pacific Synthetic Lubricant Market Value Share Analysis, by Country 13.10. Asia Pacific Synthetic Lubricant Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Synthetic Lubricant Market Analysis, by Country 13.12. China Synthetic Lubricant Market Forecast, by Type 13.12.1. Silicones 13.12.2. Esters 13.12.3. PAO 13.12.4. PAG 13.12.5. Others 13.13. China Synthetic Lubricant Market Forecast, by Application 13.13.1. Engine Oil 13.13.2. Process Oil 13.13.3. Hydraulic Oil 13.13.4. Marine Lubricants 13.13.5. Metal Working Fluids 13.13.6. Others 13.14. China Synthetic Lubricant Market Forecast, by End User 13.14.1. Automobile 13.14.2. Construction 13.14.3. Power & Energy 13.14.4. Mining 13.14.5. Oil & Gas 13.14.6. Food Processing 13.14.7. Others 13.15. India Synthetic Lubricant Market Forecast, by Type 13.15.1. Silicones 13.15.2. Esters 13.15.3. PAO 13.15.4. PAG 13.15.5. Others 13.16. India Synthetic Lubricant Market Forecast, by Application 13.16.1. Engine Oil 13.16.2. Process Oil 13.16.3. Hydraulic Oil 13.16.4. Marine Lubricants 13.16.5. Metal Working Fluids 13.16.6. Others 13.17. India Synthetic Lubricant Market Forecast, by End User 13.17.1. Automobile 13.17.2. Construction 13.17.3. Power & Energy 13.17.4. Mining 13.17.5. Oil & Gas 13.17.6. Food Processing 13.17.7. Others 13.18. Japan Synthetic Lubricant Market Forecast, by Type 13.18.1. Silicones 13.18.2. Esters 13.18.3. PAO 13.18.4. PAG 13.18.5. Others 13.19. Japan Synthetic Lubricant Market Forecast, by Application 13.19.1. Engine Oil 13.19.2. Process Oil 13.19.3. Hydraulic Oil 13.19.4. Marine Lubricants 13.19.5. Metal Working Fluids 13.19.6. Others 13.20. Japan Synthetic Lubricant Market Forecast, by End User 13.20.1. Automobile 13.20.2. Construction 13.20.3. Power & Energy 13.20.4. Mining 13.20.5. Oil & Gas 13.20.6. Food Processing 13.20.7. Others 13.21. ASEAN Synthetic Lubricant Market Forecast, by Type 13.21.1. Silicones 13.21.2. Esters 13.21.3. PAO 13.21.4. PAG 13.21.5. Others 13.22. ASEAN Synthetic Lubricant Market Forecast, by Application 13.22.1. Engine Oil 13.22.2. Process Oil 13.22.3. Hydraulic Oil 13.22.4. Marine Lubricants 13.22.5. Metal Working Fluids 13.22.6. Others 13.23. ASEAN Synthetic Lubricant Market Forecast, by End User 13.23.1. Automobile 13.23.2. Construction 13.23.3. Power & Energy 13.23.4. Mining 13.23.5. Oil & Gas 13.23.6. Food Processing 13.23.7. Others 13.24. Rest of Asia Pacific Synthetic Lubricant Market Forecast, by Type 13.24.1. Silicones 13.24.2. Esters 13.24.3. PAO 13.24.4. PAG 13.24.5. Others 13.25. Rest of Asia Pacific Synthetic Lubricant Market Forecast, by Application 13.25.1. Engine Oil 13.25.2. Process Oil 13.25.3. Hydraulic Oil 13.25.4. Marine Lubricants 13.25.5. Metal Working Fluids 13.25.6. Others 13.26. Rest of Asia Pacific Synthetic Lubricant Market Forecast, by End User 13.26.1. Automobile 13.26.2. Construction 13.26.3. Power & Energy 13.26.4. Mining 13.26.5. Oil & Gas 13.26.6. Food Processing 13.26.7. Others 13.27. Asia Pacific Synthetic Lubricant Market Attractiveness Analysis 13.27.1. By Type 13.27.2. By Application 13.27.3. By End User 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa Synthetic Lubricant Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Synthetic Lubricant Market Overview 14.3. Middle East & Africa Synthetic Lubricant Market Value Share Analysis, by Type 14.4. Middle East & Africa Synthetic Lubricant Market Forecast, by Type 14.4.1. Silicones 14.4.2. Esters 14.4.3. PAO 14.4.4. PAG 14.4.5. Others 14.5. Middle East & Africa Synthetic Lubricant Market Value Share Analysis, by Application 14.6. Middle East & Africa Synthetic Lubricant Market Forecast, by Application 14.6.1. Engine Oil 14.6.2. Process Oil 14.6.3. Hydraulic Oil 14.6.4. Marine Lubricants 14.6.5. Metal Working Fluids 14.6.6. Others 14.7. Middle East & Africa Synthetic Lubricant Market Value Share Analysis, by End User 14.8. Middle East & Africa Synthetic Lubricant Market Forecast, by End User 14.8.1. Automobile 14.8.2. Construction 14.8.3. Power & Energy 14.8.4. Mining 14.8.5. Oil & Gas 14.8.6. Food Processing 14.8.7. Others 14.9. Middle East & Africa Synthetic Lubricant Market Value Share Analysis, by Country 14.10. Middle East & Africa Synthetic Lubricant Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Synthetic Lubricant Market Analysis, by Country 14.12. GCC Synthetic Lubricant Market Forecast, by Type 14.12.1. Silicones 14.12.2. Esters 14.12.3. PAO 14.12.4. PAG 14.12.5. Others 14.13. GCC Synthetic Lubricant Market Forecast, by Application 14.13.1. Engine Oil 14.13.2. Process Oil 14.13.3. Hydraulic Oil 14.13.4. Marine Lubricants 14.13.5. Metal Working Fluids 14.13.6. Others 14.14. GCC Synthetic Lubricant Market Forecast, by End User 14.14.1. Automobile 14.14.2. Construction 14.14.3. Power & Energy 14.14.4. Mining 14.14.5. Oil & Gas 14.14.6. Food Processing 14.14.7. Others 14.15. South Africa Synthetic Lubricant Market Forecast, by Type 14.15.1. Silicones 14.15.2. Esters 14.15.3. PAO 14.15.4. PAG 14.15.5. Others 14.16. South Africa Synthetic Lubricant Market Forecast, by Application 14.16.1. Engine Oil 14.16.2. Process Oil 14.16.3. Hydraulic Oil 14.16.4. Marine Lubricants 14.16.5. Metal Working Fluids 14.16.6. Others 14.17. South Africa Synthetic Lubricant Market Forecast, by End User 14.17.1. Automobile 14.17.2. Construction 14.17.3. Power & Energy 14.17.4. Mining 14.17.5. Oil & Gas 14.17.6. Food Processing 14.17.7. Others 14.18. Rest of Middle East & Africa Synthetic Lubricant Market Forecast, by Type 14.18.1. Silicones 14.18.2. Esters 14.18.3. PAO 14.18.4. PAG 14.18.5. Others 14.19. Rest of Middle East & Africa Synthetic Lubricant Market Forecast, by Application 14.19.1. Engine Oil 14.19.2. Process Oil 14.19.3. Hydraulic Oil 14.19.4. Marine Lubricants 14.19.5. Metal Working Fluids 14.19.6. Others 14.20. Rest of Middle East & Africa Synthetic Lubricant Market Forecast, by End User 14.20.1. Automobile 14.20.2. Construction 14.20.3. Power & Energy 14.20.4. Mining 14.20.5. Oil & Gas 14.20.6. Food Processing 14.20.7. Others 14.21. Middle East & Africa Synthetic Lubricant Market Attractiveness Analysis 14.21.1. By Type 14.21.2. By Application 14.21.3. By End User 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. South America Synthetic Lubricant Market Analysis 15.1. Key Findings 15.2. South America Synthetic Lubricant Market Overview 15.3. South America Synthetic Lubricant Market Value Share Analysis, by Type 15.4. South America Synthetic Lubricant Market Forecast, by Type 15.4.1. Silicones 15.4.2. Esters 15.4.3. PAO 15.4.4. PAG 15.4.5. Others 15.5. South America Synthetic Lubricant Market Value Share Analysis, by Application 15.6. South America Synthetic Lubricant Market Forecast, by Application 15.6.1. Engine Oil 15.6.2. Process Oil 15.6.3. Hydraulic Oil 15.6.4. Marine Lubricants 15.6.5. Metal Working Fluids 15.6.6. Others 15.7. South America Synthetic Lubricant Market Value Share Analysis, by End User 15.8. South America Synthetic Lubricant Market Forecast, by End User 15.8.1. Automobile 15.8.2. Construction 15.8.3. Power & Energy 15.8.4. Mining 15.8.5. Oil & Gas 15.8.6. Food Processing 15.8.7. Others 15.9. South America Synthetic Lubricant Market Value Share Analysis, by Country 15.10. South America Synthetic Lubricant Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Synthetic Lubricant Market Analysis, by Country 15.12. Brazil Synthetic Lubricant Market Forecast, by Type 15.12.1. Silicones 15.12.2. Esters 15.12.3. PAO 15.12.4. PAG 15.12.5. Others 15.13. Brazil Synthetic Lubricant Market Forecast, by Application 15.13.1. Engine Oil 15.13.2. Process Oil 15.13.3. Hydraulic Oil 15.13.4. Marine Lubricants 15.13.5. Metal Working Fluids 15.13.6. Others 15.14. Brazil Synthetic Lubricant Market Forecast, by End User 15.14.1. Automobile 15.14.2. Construction 15.14.3. Power & Energy 15.14.4. Mining 15.14.5. Oil & Gas 15.14.6. Food Processing 15.14.7. Others 15.15. Mexico Synthetic Lubricant Market Forecast, by Type 15.15.1. Silicones 15.15.2. Esters 15.15.3. PAO 15.15.4. PAG 15.15.5. Others 15.16. Mexico Synthetic Lubricant Market Forecast, by Application 15.16.1. Engine Oil 15.16.2. Process Oil 15.16.3. Hydraulic Oil 15.16.4. Marine Lubricants 15.16.5. Metal Working Fluids 15.16.6. Others 15.17. Mexico Synthetic Lubricant Market Forecast, by End User 15.17.1. Automobile 15.17.2. Construction 15.17.3. Power & Energy 15.17.4. Mining 15.17.5. Oil & Gas 15.17.6. Food Processing 15.17.7. Others 15.18. Rest of South America Synthetic Lubricant Market Forecast, by Type 15.18.1. Silicones 15.18.2. Esters 15.18.3. PAO 15.18.4. PAG 15.18.5. Others 15.19. Rest of South America Synthetic Lubricant Market Forecast, by Application 15.19.1. Engine Oil 15.19.2. Process Oil 15.19.3. Hydraulic Oil 15.19.4. Marine Lubricants 15.19.5. Metal Working Fluids 15.19.6. Others 15.20. Rest of South America Synthetic Lubricant Market Forecast, by End User 15.20.1. Automobile 15.20.2. Construction 15.20.3. Power & Energy 15.20.4. Mining 15.20.5. Oil & Gas 15.20.6. Food Processing 15.20.7. Others 15.21. South America Synthetic Lubricant Market Attractiveness Analysis 15.21.1. By Type 15.21.2. By Application 15.21.3. By End User 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A by Regions, Investment and Applications 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. Total SA 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Manufacturing Footprint 16.3.2. Royal Dutch Shell PLC 16.3.3. ExxonMobil Corporation 16.3.4. British Petroleum PLC 16.3.5. Chevron Corporation 16.3.6. Sinopec Limited 16.3.7. Lukoil 16.3.8. Indian Oil Corporation Ltd. 16.3.9. Fuchs Group 16.3.10. Idemitsu Kosan Co. Ltd. 16.3.11. Eni SpA 16.3.12. Castrol 16.3.13. Fischer–Tropsch process 16.3.14. Mobil 1 17. Primary Key Insights