Synthetic Ester Lubricants Market By Application - Global Industry Analysis and Forecast to 2022

Published On : November 2017 Pages : 70 Category: Petrochemicals Report Code : CM11345

Industry Outlook and Trend Analysis

The Synthetic Ester Lubricants Market was worth USD 1.17 billion in the year 2012 and is expected to reach approximately USD 1.83 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 4.61% during the forecast period. Increasing requirement from aerospace and automotive business keeping in mind the end goal to create fuel effective and ideal motors has brought about expanding market development for the product. Additionally, expanding demand from heavy machinery producers attributable to its capacity to withstand high temperatures is likewise playing a noteworthy part in filling development over the figure time frame. Synthetic ester lubricants are utilized as engine oils to build intervals of drain and give outstanding film security. These lubricants work on a wide temperature go and have developed as a practical solution for decrease segment disappointment and broaden drain intervals, which has brought about expanding their market infiltration. Moreover, OEMs have supported the utilization of these lubricants in their item offerings inferable from enhanced stability of temperature and high biodegradability. Previously mentioned factors combined with developing sales of automobile in India and China is foreseen to positively affect the market request over the figure time frame. These lubricants offer high biodegradability since the response to get is reversible. Accordingly, esters can be crushed into acid and alcohol parts. This makes the item amazingly ideal among other synthetic lubricants, which have been examined by different controls because of antagonistic ecological effect.


Application Outlook and Trend Analysis

In 2013 the volume for these lubricants in compressor oils was 70.8 kilo tons globally. Growing demand for these oils as compressor oils due to enhanced warm security and high hydrolytic solidness is foreseen to push development throughout the following couple of years. Concoction creation of these esters enhances its capacity to control the content of moisture. Compressor oils are useful as oil seals, coolants and in addition lubricants. Hydraulic oils represented the second biggest share of the market behind compressor oils. In 2013 the product represented more than 31 percent share of the overall industry and is anticipated to encounter noteworthy development throughout the following years. Developing utilization of ester based hydraulic oils in different businesses including energy and oil & gas is anticipated to boost the market development. Additionally, accessibility of different evaluations of ester based hydraulic oils for an extensive variety of temperature go expands its adequacy in industrial applications. Moreover, biodegradability acts like a noteworthy driver for use in ecologically sensitive ranges including maintenance of water-course and forests.

Regional Outlook and Trend Analysis

In 2013 the demand of Asia Pacific for engineered ester ointments was esteemed at USD 295.0 million and is anticipated to witness significant development in the following years. Developing utilization of these products because of the development of the manufacturing industry in the area is probably going to expand market development over the anticipated period. Besides, huge investment from key production firms in the locales is relied upon to build market opportunities for these oils over the gauge time frame. In 2013 Europe commanded the worldwide market volume, representing 37.6 percent of the aggregate share fundamentally because of appeal from aviation and manufacturing enterprises. In 2013 North America additionally contributed a major share, representing 31.1 percent of the aggregate offer. Nonetheless, North America and Europe are foreseen to lose share of the market due to market immersion and generous development in Asia Pacific over the figure time frame. North America manufactured ester oils market is anticipated to be driven by virtue of automobile and aviation industry development. Existence of significant aviation organizations incorporating Boeing in the district has brought about increment in necessities from motor oils application. Expanding automobile production in the United States and Mexico combined with developing number of vehicle manufacturers who are setting up bases in Mexico is foreseen to additionally expand the maintenance of automotive. Industrial development in the district is anticipated to bring about an increased usage of heat transfer liquids in machines and boilers.

Competitive Insights

The leading market players are Fuchs Lubricants Pvt Ltd, INEOS, ExxonMobil, Chevron Corporation, Royal Dutch Shell, Amsoil, British Petroleum and International Lubricants Inc. Advancement of product, for example, fire-resistant ester-based hydraulic oils have been acknowledged by a few enterprises which are armed with water hydraulic power packs designed for high pressures and high temperatures.

The Global Synthetic Ester Lubricants Market is segmented as follows-

By Applications:

  • Hydraulic Oils
  • Diesel and Petrol Engine Oils
  • Compressor Oils
  • Metalworking Fluids
  • Others

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2012 and forecast from 2013 to 2022?
  • What will be the industry market growth from 2013 to 2022?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

 

Market Classification

  • Synthetic Ester Lubricants Market , By Application, Estimates and Forecast, 2016-2025 ($Million)
  • Compressor Oils
  • Hydraulic Oils
  • Metalworking Fluids
  • Diesel and Petrol Engine Oils
  • Other Applications
  • Synthetic Ester Lubricants Market , By Region, Estimates and Forecast, 2016-2025 ($Million)
    • North America
  • North America Synthetic Ester Lubricants Market , By Country
  • North America Synthetic Ester Lubricants Market , By Application
    • U.S. Synthetic Ester Lubricants Market , By Application
    • Canada Synthetic Ester Lubricants Market , By Application
    • Mexico Synthetic Ester Lubricants Market , By Application
    • Europe
  • Europe Synthetic Ester Lubricants Market , By Country
  • Europe Synthetic Ester Lubricants Market , By Application
    • Germany Synthetic Ester Lubricants Market , By Application
    • France Synthetic Ester Lubricants Market , By Application
    • UK Synthetic Ester Lubricants Market , By Application
    • Italy Synthetic Ester Lubricants Market , By Application
    • Spain Synthetic Ester Lubricants Market , By Application
    • Rest of Europe Synthetic Ester Lubricants Market , By Application
    • Asia-Pacific
      • Asia-Pacific Synthetic Ester Lubricants Market , By Country
      • Asia-Pacific Synthetic Ester Lubricants Market , By Application
        • Japan Synthetic Ester Lubricants Market , By Application
        • Australia Synthetic Ester Lubricants Market , By Application
        • India Synthetic Ester Lubricants Market , By Application
        • South Korea Synthetic Ester Lubricants Market , By Application
        • Rest of Asia-Pacific Synthetic Ester Lubricants Market , By Application
    • Rest of the World
      • Rest of the World Synthetic Ester Lubricants Market , By Country
      • Rest of the World Synthetic Ester Lubricants Market , By Application
        • Brazil Synthetic Ester Lubricants Market , By Application
        • South Africa Synthetic Ester Lubricants Market , By Application
        • Saudi Arabia Synthetic Ester Lubricants Market , By Application
        • Turkey Synthetic Ester Lubricants Market , By Application
        • United Arab Emirates Synthetic Ester Lubricants Market , By Application
        • Others Synthetic Ester Lubricants Market , By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Growing Automotive Demand

3.2.1.2.    Growing Natural Gas Production in GCC

3.2.2.  Restraints

3.2.2.1.    Cost Concerns

3.2.2.2.    Emergence of Bio-Based Lubricants

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Synthetic Ester Lubricants Market, By Application

4.1.       Introduction

4.2.       Synthetic Ester Lubricants Market  Assessment and Forecast, By Application, 2012-2022

4.3.       Compressor Oils

4.3.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.4.       Hydraulic Oils

4.4.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.5.       Metalworking Fluids

4.5.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.6.       Diesel and Petrol Engine Oils

4.6.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.7.       Other Applications

4.7.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.       Synthetic Ester Lubricants Market, By Region

5.1.       Introduction

5.2.       Synthetic Ester Lubricants Market   Assessment and Forecast, By Region, 2012-2022 ($Million)

5.3.       North America

5.3.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.3.2.  Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.3.3.  U.S.

5.3.3.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.3.4.  Canada

5.3.4.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.3.5.  Mexico

5.3.5.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.4.       Europe

5.4.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.4.2.  Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.4.3.  Germany

5.4.3.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.4.4.  France

5.4.4.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.4.5.  UK

5.4.5.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.4.6.  Italy

5.4.6.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.4.7.  Spain

5.4.7.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.4.8.  Rest of Europe

5.4.8.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.5.       Asia-Pacific

5.5.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.5.2.  Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.5.3.  Japan

5.5.3.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.5.4.  China

5.5.4.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.5.5.  Australia

5.5.5.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.5.6.  India

5.5.6.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.5.7.  South Korea

5.5.7.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.5.8.  Rest of Asia-Pacific

5.5.8.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.6.       Rest of the World

5.6.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.6.2.  Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.6.3.  Brazil

5.6.3.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.6.4.  Turkey

5.6.4.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.6.5.  Saudi Arabia

5.6.5.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.6.6.  South Africa

5.6.6.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.6.7.  United Arab Emirates

5.6.7.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

5.6.8.  Others

5.6.8.1.    Market Assessment and Forecast, By Application, 2012-2022 ($Million)

6.       Company Profiles

6.1.       Exxon Mobil

6.1.1.  Business Overview

6.1.2.  Product Portfolio

6.1.3.  Key Financials

6.1.4.  Strategic Developments

6.2.        Shell

6.2.1.  Business Overview

6.2.2.  Product Portfolio

6.2.3.  Key Financials

6.2.4.  Strategic Developments

6.3.       British Petroleum

6.3.1.  Business Overview

6.3.2.  Product Portfolio

6.3.3.  Key Financials

6.3.4.  Strategic Developments

6.4.       Total

6.4.1.  Business Overview

6.4.2.  Product Portfolio

6.4.3.  Key Financials

6.4.4.  Strategic Developments

6.5.       Chevron

6.5.1.  Business Overview

6.5.2.  Product Portfolio

6.5.3.  Strategic Developments

6.6.       Fuchs Group

6.6.1.  Business Overview

6.6.2.  Product Portfolio

6.6.3.  Strategic Developments

6.7.       Pennzoil

6.7.1.  Business Overview

6.7.2.  Product Portfolio

6.7.3.  Strategic Developments

6.8.       Amsoil Inc.

6.8.1.  Business Overview

6.8.2.  Product Portfolio

6.8.3.  Strategic Developments

6.9.       Kendall (Phillips 66)

6.9.1.  Business Overview

6.9.2.  Product Portfolio

6.9.3.  Strategic Developments

6.10.    Valvoline

6.10.1.      Business Overview

6.10.2.      Product Portfolio

6.10.3.      Key Financials

6.10.4.      Strategic Developments

6.11.    INEOS

6.11.1.      Business Overview

6.11.2.      Product Portfolio

6.11.3.      Key Financials

6.11.4.      Strategic Developments


List of Tables

List of Tables
Table 1.Global Synthetic Ester Lubricants Market, By Application ($Million), 2012-2022
Table 2.Compressor Oils Market, By Region ($Million), 2012-2022
Table 3.Hydraulic Oils Market, By Region ($Million), 2012-2022
Table 4.Metalworking Fluids Market, By Region ($Million), 2012-2022
Table 5.Diesel and Petrol Engine Oils Market, By Region ($Million), 2012-2022
Table 6.Other Applications Market, By Region ($Million), 2012-2022
Table 8.North America Synthetic Ester Lubricants Market, By Country, 2012-2022 ($Million)
Table 9.North America Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 10.U.S.Synthetic Ester Lubricants Market, by Application, 2012-2022 ($Million)
Table 11.Canada Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 12.Mexico Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 13.Europe Synthetic Ester Lubricants Market, By Country, 2012-2022 ($Million)
Table 14.Europe Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 15.Germany Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 16.France Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 17.UK Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 18.Italy Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 19.Spain Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 20.Rest of Europe Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 21.Asia-Pacific Synthetic Ester Lubricants Market, By Country, 2012-2022 ($Million)
Table 22.Asia-Pacific Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 23.Japan Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 24.China Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 25.Australia Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 26.India Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 27.South Korea Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 28.Rest of Asia-Pacific Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 29.Rest of the World Synthetic Ester Lubricants Market, By Country, 2012-2022 ($Million)
Table 30.Rest of the World Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 31.Brazil Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 32.Turkey Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 33.Saudi Arabia Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 34.South Africa Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 35.United Arab Emirates Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 36.Others Synthetic Ester Lubricants Market, By Application, 2012-2022 ($Million)
Table 37.Exxon Mobil: Key Strategic Developments, 2015-2017
Table 38.Shell: Key Strategic Developments, 2015-2017
Table 39.British Petroleum: Key Strategic Developments, 2015-2017
Table 40.Total: Key Strategic Developments, 2015-2017
Table 41.Chevron: Key Strategic Developments, 2015-2017
Table 42.Fuchs Group: Key Strategic Developments, 2015-2017
Table 43.Pennzoil: Key Strategic Developments, 2015-2017
Table 44.Amsoil Inc.: Key Strategic Developments, 2015-2017
Table 45.Kendall (Phillips 66): Key Strategic Developments, 2015-2017
Table 46.Valvoline: Key Strategic Developments, 2015-2017
Table 47.INEOS: Key Strategic Developments, 2015-2017


List of Figures

List of Figures
Figure 1.Synthetic Ester Lubricants Market Share, By Application, 2016 & 2025
Figure 2Synthetic Ester Lubricants Market, By Region, 2016, ($Million)
Figure 3.Exxon Mobil: Net Revenues, 2014-2016 ($Million)
Figure 4.Exxon Mobil: Net Revenue Share, By Segment, 2016
Figure 5.Exxon Mobil: Net Revenue Share, By Geography, 2016
Figure 6.Shell: Net Revenues, 2014-2016 ($Million)
Figure7.Shell: Net Revenue Share, By Segment, 2016
Figure8.Shell: Net Revenue Share, By Geography, 2016
Figure9.British Petroleum: Net Revenues, 2014-2016 ($Million)
Figure10.British Petroleum: Net Revenue Share, By Segment, 2016
Figure 11.British Petroleum: Net Revenue Share, By Geography, 2016
Figure 12.Total: Net Revenues, 2014-2016 ($Million)
Figure 13.Total: Net Revenue Share, By Segment, 2016
Figure 14.Total: Net Revenue Share, By Geography, 2016
Figure 15.INEOS: Net Revenues, 2014-2016 ($Million)
Figure 16.INEOS: Net Revenue Share, By Segment, 2016
Figure 17.INEOS: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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