1	INTRODUCTION	41
1.1	STUDY OBJECTIVES	41
1.2	MARKET DEFINITION	41
1.2.1	INCLUSIONS AND EXCLUSIONS	42
1.2.2	MARKET DEFINITIONS AND INCLUSIONS, BY TYPE	42
1.2.3	MARKET DEFINITIONS AND INCLUSIONS, BY PRODUCT TYPE	43
1.2.4	MARKET DEFINITIONS AND INCLUSIONS, BY END-USE INDUSTRY	43
1.3	MARKET SCOPE	44
1.3.1	MARKET SEGMENTATION	44
1.3.2	REGIONS COVERED	44
1.4	YEARS CONSIDERED	45
1.5	CURRENCY CONSIDERED	45
1.6	UNITS CONSIDERED	45
1.7	STAKEHOLDERS	45
1.8	SUMMARY OF CHANGES	46
1.8.1	IMPACT OF RECESSION	46
2	RESEARCH METHODOLOGY	47
2.1	RESEARCH DATA	47
FIGURE 1	RESEARCH DESIGN	47
2.1.1	SECONDARY DATA	47
2.1.2	PRIMARY DATA	48
2.1.2.1	Interviews with experts–demand and supply sides	48
2.1.2.2	Key industry insights	48
2.1.2.3	Breakdown of interviews with experts	49
2.2	MARKET SIZE ESTIMATION	49
2.2.1	BOTTOM UP APPROACH	50
FIGURE 2	MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF MAJOR PLAYERS	50
FIGURE 3	MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS	50
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM UP (DEMAND SIDE): PRODUCTS SOLD	51
2.3	DATA TRIANGULATION	51
FIGURE 5	DATA TRIANGULATION	52
2.4	GROWTH RATE ASSUMPTIONS/GROWTH FORECASTS	52
2.4.1	SUPPLY SIDE	53
FIGURE 6	MARKET GROWTH PROJECTION FROM SUPPLY SIDE	53
2.4.2	DEMAND SIDE	53
FIGURE 7	MARKET GROWTH PROJECTION FROM DEMAND SIDE DRIVERS AND OPPORTUNITIES	53
2.5	IMPACT OF RECESSION	54
2.6	ASSUMPTIONS	54
2.7	LIMITATIONS	54
2.8	RISK ASSESSMENT	55
TABLE 1	RISK ASSESSMENT	55
3	EXECUTIVE SUMMARY	56
FIGURE 8	PAOS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023	56
FIGURE 9	COMPRESSOR OIL TO BE FASTEST-GROWING SEGMENT IN SYNTHETIC LUBRICANTS MARKET	57
FIGURE 10	ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SYNTHETIC  LUBRICANTS MARKET IN 2022	58
4	PREMIUM INSIGHTS	59
4.1	ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNTHETIC  LUBRICANTS MARKET	59
FIGURE 11	EMERGING ECONOMIES IN ASIA PACIFIC TO FUEL MARKET DEMAND	59
4.2	ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET,  BY APPLICATION AND COUNTRY	59
FIGURE 12	CHINA LED ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET IN 2022	59
4.3	SYNTHETIC LUBRICANTS MARKET, BY REGION	60
FIGURE 13	ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022	60
4.4	SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE	60
FIGURE 14	ENGINE OILS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023	60
4.5	SYNTHETIC LUBRICANTS MARKET, BY TYPE VS. REGION	61
FIGURE 15	PAO WAS DOMINANT SEGMENT IN SYNTHETIC LUBRICANTS MARKET IN MOST REGIONS IN 2022	61
4.6	SYNTHETIC LUBRICANTS MARKET ATTRACTIVENESS	61
FIGURE 16	CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD	61
5	MARKET OVERVIEW	62
5.1	INTRODUCTION	62
5.2	MARKET DYNAMICS	62
FIGURE 17	DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SYNTHETIC LUBRICANTS MARKET	62
5.2.1	DRIVERS	63
5.2.1.1	Significant growth of construction industry in Asia Pacific and Middle East & Africa	63
5.2.1.2	Growth in offshore exploration and production activities	63
5.2.1.3	Growing demand for high-quality lubricants	63
5.2.1.4	Rise in automation in construction industry	64
5.2.2	RESTRAINTS	64
5.2.2.1	Rise in demand for alternative fuels	64
5.2.2.2	Stringent environmental regulations	64
5.2.3	OPPORTUNITIES	65
5.2.3.1	Leveraging e-commerce industry to increase customer reach	65
5.2.3.2	Advancements in synthetic lubricant technologies	65
5.2.4	CHALLENGES	65
5.2.4.1	Emergence of alternative technologies	65
5.2.4.2	Rising raw material prices	65
TABLE 2	CRUDE OIL PRICE TRENDS (2019–2022)	66
5.3	PORTER’S FIVE FORCES ANALYSIS	66
FIGURE 18	PORTER’S FIVE FORCES ANALYSIS	66
5.3.1	THREAT OF SUBSTITUTES	67
5.3.2	THREAT OF NEW ENTRANTS	67
5.3.3	BARGAINING POWER OF SUPPLIERS	67
5.3.4	BARGAINING POWER OF BUYERS	68
5.3.5	INTENSITY OF COMPETITIVE RIVALRY	68
TABLE 3	SYNTHETIC LUBRICANTS MARKET: PORTER’S FIVE FORCES ANALYSIS	68
5.4	MACROECONOMIC INDICATORS	68
5.4.1	GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES	69
TABLE 4	GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES, 2020–2028 (USD BILLION)	69
6	INDUSTRY TRENDS	70
6.1	SUPPLY CHAIN ANALYSIS	70
FIGURE 19	SUPPLY CHAIN	70
6.1.1	RAW MATERIALS	70
6.1.2	MANUFACTURERS	70
6.1.3	DISTRIBUTION TO END USERS	71
6.1.4	END-USE INDUSTRIES	71
6.2	TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS	71
FIGURE 20	REVENUE SHIFT FOR SYNTHETIC LUBRICANTS MARKET	71
6.3	ECOSYSTEM ANALYSIS/MARKET MAP	72
FIGURE 21	ECOSYSTEM	72
TABLE 5	ECOSYSTEM	72
6.4	CASE STUDIES	74
6.4.1	LUBRICATION FAILURE IN SHIP’S MAIN ENGINE: CAUSE,  EFFECT, AND SOLUTION	74
6.4.2	KLÜBER LUBRICATION LAUNCHES INNOVATIVE SOLUTION FOR SUSTAINABLE SHIP PROPULSION	74
6.4.3	CHEVRON ORONITE INTRODUCES NEW MARINE CYLINDER LUBRICANT ADDITIVE PACKAGE FOR IMO 2020-COMPLIANT FUELS	74
6.5	TECHNOLOGY ANALYSIS	75
6.5.1	KEY TECHNOLOGIES	75
6.5.1.1	Nanotechnology in synthetic lubricants	75
6.5.2	COMPLEMENTARY TECHNOLOGIES	75
6.5.2.1	Refining process technologies	75
6.5.2.2	Re-refining technology	75
6.5.2.3	SO2 scrubbing system technology	76
6.6	KEY STAKEHOLDERS AND BUYING CRITERIA	76
6.6.1	KEY STAKEHOLDERS IN BUYING PROCESS	76
FIGURE 22	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP  THREE PRODUCT TYPES	76
TABLE 6	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE  PRODUCT TYPES (%)	76
6.6.2	BUYING CRITERIA	77
FIGURE 23	KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES	77
TABLE 7	KEY BUYING CRITERIA FOR TOP THREE PRODUCT TYPES	77
6.7	PRICING ANALYSIS	78
6.7.1	AVERAGE SELLING PRICE TREND, BY REGION	78
FIGURE 24	AVERAGE SELLING PRICE TREND OF SYNTHETIC LUBRICANTS,  BY REGION (USD/KG)	78
TABLE 8	AVERAGE SELLING PRICE TREND OF SYNTHETIC LUBRICANTS, BY REGION (USD/KG)	78
6.7.2	AVERAGE SELLING PRICE TREND OF KEY PLAYERS,  BY PRODUCT TYPE	79
FIGURE 25	AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PRODUCT TYPE	79
TABLE 9	AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PRODUCT TYPE (USD/KG)	79
6.8	TRADE ANALYSIS	79
6.8.1	IMPORT SCENARIO OF SYNTHETIC LUBRICANTS	79
FIGURE 26	IMPORTS OF SYNTHETIC LUBRICANTS, BY KEY COUNTRY, 2013–2021	80
TABLE 10	IMPORTS OF SYNTHETIC LUBRICANTS, BY REGION, 2013–2021 (USD MILLION)	80
6.8.2	EXPORT SCENARIO OF SYNTHETIC LUBRICANTS	81
FIGURE 27	EXPORTS OF SYNTHETIC LUBRICANTS, BY KEY COUNTRY, 2013–2021	81
TABLE 11	EXPORTS OF SYNTHETIC LUBRICANTS, BY REGION, 2013–2021 (USD MILLION)	81
6.9	REGULATORY LANDSCAPE OF SYNTHETIC LUBRICANTS	82
6.9.1	REGULATIONS FOR SYNTHETIC LUBRICANTS	82
TABLE 12	NORTH AMERICA: REGULATIONS FOR SYNTHETIC LUBRICANTS	82
TABLE 13	EUROPE: REGULATIONS FOR SYNTHETIC LUBRICANTS	82
TABLE 14	ASIA PACIFIC: REGULATIONS FOR SYNTHETIC LUBRICANTS	83
TABLE 15	MIDDLE EAST & AFRICA: REGULATIONS FOR SYNTHETIC LUBRICANTS	84
TABLE 16	SOUTH AMERICA: REGULATIONS FOR SYNTHETIC LUBRICANTS	84
6.9.2	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	84
6.10	KEY CONFERENCES & EVENTS, 2024–2025	85
TABLE 17	DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025	85
6.11	INVESTMENT LANDSCAPE	85
6.12	PATENT ANALYSIS	86
6.12.1	APPROACH	86
6.12.2	DOCUMENT TYPE	86
TABLE 18	PATENT STATUS AND COUNT	86
FIGURE 28	PATENTS REGISTERED IN SYNTHETIC LUBRICANTS MARKET, 2012–2022	86
FIGURE 29	PATENT PUBLICATION TRENDS, 2012–2022	87
FIGURE 30	LEGAL STATUS OF PATENTS FILED IN SYNTHETIC LUBRICANTS MARKET	87
6.12.3	JURISDICTION ANALYSIS	88
FIGURE 31	MAXIMUM PATENTS FILED IN JURISDICTION OF US	88
6.12.4	TOP APPLICANTS	88
FIGURE 32	LUBRIZOL CORPORATION REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2012 AND 2022	88
TABLE 19	LIST OF PATENTS BY LUBRIZOL CORPORATION	89
7	SYNTHETIC LUBRICANTS MARKET, BY TYPE	90
7.1	INTRODUCTION	91
FIGURE 33	ESTERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	91
TABLE 20	SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)	91
TABLE 21	SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)	91
TABLE 22	SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)	92
TABLE 23	SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)	92
7.2	POLYALPHAOLEFINS (PAOS)	92
7.2.1	WIDE OPERATIONAL TEMPERATURE RANGE AND OXIDATIVE STABILITY TO DRIVE MARKET	92
TABLE 24	PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	93
TABLE 25	PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	93
TABLE 26	PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	93
TABLE 27	PAOS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	94
7.3	ESTERS	94
7.3.1	USE IN JET ENGINE LUBRICANTS, REFRIGERATION LUBRICANTS,  AIR COMPRESSORS, AND AUTOMOTIVE SECTOR TO DRIVE MARKET	94
TABLE 28	ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	94
TABLE 29	ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	95
TABLE 30	ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	95
TABLE 31	ESTERS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	95
7.4	POLYALKYLENE GLYCOLS (PAGS)	96
7.4.1	INCREASING DEMAND FOR METALWORKING FLUIDS TO DRIVE MARKET	96
TABLE 32	PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	96
TABLE 33	PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	96
TABLE 34	PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	97
TABLE 35	PAGS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	97
7.5	GROUP III (HYDROCRACKING)	97
7.5.1	BETTER PERFORMANCE UNDER EXTREME CONDITIONS, VISCOSITY INDEX, HIGHER SHEAR STABILITY, AND CHEMICAL RESISTANCE TO DRIVE MARKET	97
TABLE 36	GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	98
TABLE 37	GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	98
TABLE 38	GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	98
TABLE 39	GROUP III: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	99
8	SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE	100
8.1	INTRODUCTION	101
FIGURE 34	COMPRESSOR OILS SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD	101
TABLE 40	SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	101
TABLE 41	SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	102
TABLE 42	SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	102
TABLE 43	SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	103
8.2	ENGINE OILS	103
8.2.1	RAPID EXPANSION OF AUTOMOTIVE SECTOR TO DRIVE MARKET	103
TABLE 44	ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	103
TABLE 45	ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	104
TABLE 46	ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	104
TABLE 47	ENGINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	104
8.3	HYDRAULIC FLUIDS	105
8.3.1	GROWING MANUFACTURING SECTOR IN EMERGING ECONOMIES TO DRIVE MARKET	105
TABLE 48	HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	105
TABLE 49	HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	105
TABLE 50	HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	106
TABLE 51	HYDRAULIC FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	106
8.4	METALWORKING FLUIDS	106
8.4.1	GROWTH IN AUTOMOTIVE MANUFACTURING AND EXPANSION OF MACHINERY AND METAL FABRICATION INDUSTRIES TO  DRIVE MARKET	106
TABLE 52	METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	107
TABLE 53	METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	107
TABLE 54	METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	107
TABLE 55	METALWORKING FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION,  2022–2028 (KILOTON)	108
8.5	COMPRESSOR OILS	108
8.5.1	GROWING DEMAND FOR INDUSTRIAL MACHINERY & EQUIPMENT  TO DRIVE MARKET	108
TABLE 56	COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	108
TABLE 57	COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	109
TABLE 58	COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	109
TABLE 59	COMPRESSOR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	109
8.6	GEAR OILS	110
8.6.1	EXPANDING AUTOMOTIVE INDUSTRY TO OFFER SIGNIFICANT GROWTH OPPORTUNITIES TO DRIVE MARKET	110
TABLE 60	GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	110
TABLE 61	GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	110
TABLE 62	GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	111
TABLE 63	GEAR OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	111
8.7	REFRIGERATION OILS	111
8.7.1	INCREASING DEMAND FOR CONSUMER APPLIANCES  TO DRIVE MARKET	111
TABLE 64	REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	112
TABLE 65	REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	112
TABLE 66	REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	112
TABLE 67	REFRIGERATION OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	113
8.8	TRANSMISSION FLUIDS	113
8.8.1	INCREASINGLY STRINGENT ENVIRONMENTAL REGULATIONS  TO DRIVE MARKET	113
TABLE 68	TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	113
TABLE 69	TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	114
TABLE 70	TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	114
TABLE 71	TRANSMISSION FLUIDS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	114
8.9	TURBINE OILS	115
8.9.1	GROWING DEMAND FOR ENERGY TO DRIVE MARKET	115
TABLE 72	TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	115
TABLE 73	TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	115
TABLE 74	TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	116
TABLE 75	TURBINE OILS: SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	116
9	SYNTHETIC LUBRICANTS MARKET, BY END-USE INDUSTRY	117
9.1	INTRODUCTION	118
9.2	TRANSPORTATION	118
9.2.1	COMMERCIAL VEHICLES	118
9.2.1.1	Growing need for buses and taxis to drive market	118
9.2.2	PASSENGER VEHICLES	119
9.2.2.1	Economic development and rise in spending power to  drive market	119
9.2.2.2	4-wheelers	119
9.2.2.3	2-wheelers	119
9.2.3	AVIATION	120
9.2.3.1	Rising living standards and decreasing airfare to drive  market	120
9.2.4	MARINE	120
9.2.4.1	Superior shear resistance, thermal stability, viscosity stability, engine longevity, and fuel economy to drive market	120
9.2.5	RAILWAY	120
9.2.5.1	Developed railway operations in North America to drive market	120
9.3	INDUSTRIAL	121
9.3.1	CONSTRUCTION	121
9.3.1.1	Increased government investments in infrastructure projects to drive market	121
9.3.2	METAL & MINING	121
9.3.2.1	Demand for bucket wheels, excavators, draglines, electric rope shovels, hydraulic shovels, and mining trucks to drive market	121
9.3.3	CEMENT PRODUCTION	121
9.3.3.1	Utility in crushers, mills, kilns, and coolers to drive market	121
9.3.4	POWER GENERATION	122
9.3.4.1	Provision of superior performance, water resistance, and high corrosion inhibition to drive market	122
9.3.5	AUTOMOTIVE (VEHICLE MANUFACTURING)	122
9.3.5.1	Smooth operation and long service life of machines to drive market	122
9.3.6	CHEMICAL	122
9.3.6.1	Requirement for compressor oils in gas compressors, industrial valves, fittings, and rolling bearings to drive market	122
9.3.7	OIL & GAS	122
9.3.7.1	Demand for pipe connections, derricks, mud systems, thrusters, and deck cranes to drive market	122
9.3.8	TEXTILE	123
9.3.8.1	Use in knitting machines, fiber processing machines, spinning machines, cutting machines, and rolling machines to drive market	123
9.3.9	FOOD PROCESSING	123
9.3.9.1	Protection against wear, corrosion, and contamination in food processing equipment to drive market	123
9.4	OTHER END-USE INDUSTRIES	123
10	SYNTHETIC LUBRICANTS MARKET, BY REGION	124
10.1	INTRODUCTION	125
FIGURE 35	ASIA PACIFIC TO BE FASTEST-GROWING SYNTHETIC LUBRICANTS MARKET	125
TABLE 76	SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (USD MILLION)	125
TABLE 77	SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (USD MILLION)	125
TABLE 78	SYNTHETIC LUBRICANTS MARKET, BY REGION, 2017–2021 (KILOTON)	126
TABLE 79	SYNTHETIC LUBRICANTS MARKET, BY REGION, 2022–2028 (KILOTON)	126
10.2	EUROPE	126
FIGURE 36	EUROPE: SYNTHETIC LUBRICANTS MARKET SNAPSHOT	127
10.2.1	IMPACT OF RECESSION ON EUROPE	127
10.2.2	EUROPE SYNTHETIC LUBRICANTS MARKET, BY TYPE	128
TABLE 80	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)	128
TABLE 81	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)	128
TABLE 82	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)	128
TABLE 83	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)	129
10.2.3	EUROPE SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE	129
TABLE 84	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	129
TABLE 85	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)	129
TABLE 86	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	130
TABLE 87	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	130
10.2.4	EUROPE SYNTHETIC LUBRICANTS MARKET, BY COUNTRY	131
TABLE 88	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)	131
TABLE 89	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)	131
TABLE 90	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (KILOTON)	132
TABLE 91	EUROPE: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON)	132
10.2.4.1	Germany	132
10.2.4.1.1	High automotive production to drive market	132
TABLE 92	GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	133
TABLE 93	GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	133
TABLE 94	GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	134
TABLE 95	GERMANY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)	134
10.2.4.2	UK	135
10.2.4.2.1	Increasing investments in infrastructure to drive market	135
TABLE 96	UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	135
TABLE 97	UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	135
TABLE 98	UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	136
TABLE 99	UK: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	136
10.2.4.3	France	136
10.2.4.3.1	Increasing environmental regulations to drive  market	136
TABLE 100	FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	137
TABLE 101	FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	137
TABLE 102	FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	138
TABLE 103	FRANCE: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	138
10.2.4.4	Italy	138
10.2.4.4.1	Growth of manufacturing sector to drive market	138
TABLE 104	ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	139
TABLE 105	ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	139
TABLE 106	ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	140
TABLE 107	ITALY: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	140
 
10.2.4.5	Spain	140
10.2.4.5.1	Industrial and automotive manufacturing sectors to drive market	140
TABLE 108	SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	141
TABLE 109	SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	141
TABLE 110	SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	142
TABLE 111	SPAIN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	142
10.2.4.6	Russia	142
10.2.4.6.1	Large oil & gas industry to drive market	142
TABLE 112	RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	143
TABLE 113	RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	143
TABLE 114	RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	144
TABLE 115	RUSSIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	144
10.3	NORTH AMERICA	144
FIGURE 37	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET SNAPSHOT	145
10.3.1	IMPACT OF RECESSION ON NORTH AMERICA	145
10.3.2	NORTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY TYPE	146
TABLE 116	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)	146
TABLE 117	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)	146
TABLE 118	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)	146
TABLE 119	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)	147
10.3.3	NORTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE	147
TABLE 120	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)	147
TABLE 121	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	148
TABLE 122	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	148
TABLE 123	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	149
10.3.4	NORTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY COUNTRY	149
TABLE 124	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)	149
TABLE 125	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)	149
TABLE 126	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (KILOTON)	150
TABLE 127	NORTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON)	150
10.3.4.1	US	150
10.3.4.1.1	Automotive and aviation sectors to drive market	150
TABLE 128	US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	151
TABLE 129	US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	151
TABLE 130	US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	152
TABLE 131	US: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	152
10.3.4.2	Canada	152
10.3.4.2.1	Growing manufacturing and marine sectors to drive market	152
TABLE 132	CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	153
TABLE 133	CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	153
TABLE 134	CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	154
TABLE 135	CANADA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	154
10.3.4.3	Mexico	154
10.3.4.3.1	Rapid growth of automotive and construction sectors  to drive market	154
TABLE 136	MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	155
TABLE 137	MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	155
TABLE 138	MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	156
TABLE 139	MEXICO: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	156
10.4	ASIA PACIFIC	156
FIGURE 38	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET SNAPSHOT	157
10.4.1	IMPACT OF RECESSION ON ASIA PACIFIC	157
10.4.2	ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET, BY TYPE	158
TABLE 140	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION)	158
TABLE 141	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION)	158
TABLE 142	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON)	159
TABLE 143	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON)	159
10.4.3	ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE	159
TABLE 144	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	159
TABLE 145	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	160
TABLE 146	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	160
TABLE 147	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	161
10.4.4	ASIA PACIFIC SYNTHETIC LUBRICANTS MARKET, BY COUNTRY	161
TABLE 148	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION)	161
TABLE 149	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION)	162
TABLE 150	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (KILOTON)	162
TABLE 151	ASIA PACIFIC: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON)	163
10.4.4.1	China	163
10.4.4.1.1	Presence of major manufacturing industries to drive market	163
TABLE 152	CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	163
TABLE 153	CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	164
TABLE 154	CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	164
TABLE 155	CHINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	165
10.4.4.2	Japan	165
10.4.4.2.1	Stringent environmental regulations and high automobile production to drive market	165
TABLE 156	JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	165
TABLE 157	JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	166
TABLE 158	JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	166
TABLE 159	JAPAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	167
10.4.4.3	India	167
10.4.4.3.1	Increasing vehicle buyers and rising foreign direct investments to drive market	167
TABLE 160	INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	168
TABLE 161	INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	168
TABLE 162	INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	169
TABLE 163	INDIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	169
10.4.4.4	South Korea	169
10.4.4.4.1	Industrial, transportation, and marine sectors to drive market	169
TABLE 164	SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)	170
TABLE 165	SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)	170
TABLE 166	SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)	171
TABLE 167	SOUTH KOREA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)	171
10.4.4.5	Indonesia	171
10.4.4.5.1	Growing oil & gas sector to drive market	171
TABLE 168	INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)	172
TABLE 169	INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)	172
TABLE 170	INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)	173
TABLE 171	INDONESIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)	173
10.4.4.6	Thailand	173
10.4.4.6.1	Emerging automotive, electronics, and textiles sectors to drive market	173
TABLE 172	THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)	174
TABLE 173	THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)	174
TABLE 174	THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	175
TABLE 175	THAILAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	175
10.4.4.7	Australia and New Zealand	175
10.4.4.7.1	Well-established mining industry to drive market	175
TABLE 176	AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	176
TABLE 177	AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	176
TABLE 178	AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	177
TABLE 179	AUSTRALIA AND NEW ZEALAND: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	177
10.5	MIDDLE EAST & AFRICA	177
10.5.1	IMPACT OF RECESSION ON MIDDLE EAST & AFRICA	178
10.5.2	MIDDLE EAST & AFRICA SYNTHETIC LUBRICANTS MARKET, BY TYPE	178
TABLE 180	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2017–2021 (USD MILLION)	178
TABLE 181	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2022–2028 (USD MILLION)	178
TABLE 182	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2017–2021 (KILOTON)	179
TABLE 183	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE,  2022–2028 (KILOTON)	179
10.5.3	MIDDLE EAST & AFRICA SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE	180
TABLE 184	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)	180
TABLE 185	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)	180
TABLE 186	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)	181
TABLE 187	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)	181
10.5.4	MIDDLE EAST & AFRICA SYNTHETIC LUBRICANTS MARKET, BY COUNTRY	182
TABLE 188	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2017–2021 (USD MILLION)	182
TABLE 189	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2022–2028 (USD MILLION)	182
TABLE 190	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2017–2021 (KILOTON)	183
TABLE 191	MIDDLE EAST & AFRICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY,  2022–2028 (KILOTON)	183
10.5.4.1	GCC	183
10.5.4.1.1	Significant investments in transportation networks, utilities, and real estate sector to drive market	183
10.5.4.1.2	Saudi Arabia	184
10.5.4.1.2.1	Large oil & gas sector to drive market	184
TABLE 192	SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)	184
TABLE 193	SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)	185
TABLE 194	SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)	185
TABLE 195	SAUDI ARABIA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)	186
10.5.4.2	Iran	186
10.5.4.2.1	Developing automotive industry to drive market	186
TABLE 196	IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION)	187
TABLE 197	IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION)	187
TABLE 198	IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON)	188
TABLE 199	IRAN: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON)	188
10.5.4.3	South Africa	188
10.5.4.3.1	Need to significantly reduce CO2 emissions and fuel consumption to drive market	188
TABLE 200	SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (USD MILLION)	189
TABLE 201	SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (USD MILLION)	189
TABLE 202	SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2017–2021 (KILOTON)	190
TABLE 203	SOUTH AFRICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE,  2022–2028 (KILOTON)	190
10.6.1 IMPACT OF RECESSION ON SOUTH AMERICA 191
10.6.2 SOUTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY TYPE 191
TABLE 204 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (USD MILLION) 191
TABLE 205 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 192
TABLE 206 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2017–2021 (KILOTON) 192
TABLE 207 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 192
10.6.3 SOUTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE 193
TABLE 208 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION) 193
TABLE 209 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION) 193
TABLE 210 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON) 194
TABLE 211 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON) 194
10.6.4 SOUTH AMERICA SYNTHETIC LUBRICANTS MARKET, BY COUNTRY 194
TABLE 212 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 194
TABLE 213 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 195
TABLE 214 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2017–2021 (KILOTON) 195
TABLE 215 SOUTH AMERICA: SYNTHETIC LUBRICANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 195
10.6.4.1 Brazil 196
10.6.4.1.1 Significant investments in manufacturing industry to drive market 196
TABLE 216 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION) 196
TABLE 217 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION) 196
TABLE 218 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON) 197
TABLE 219 BRAZIL: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON) 197
10.6.4.2 Argentina 198
10.6.4.2.1 Developing mining industry to drive market 198
TABLE 220 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (USD MILLION) 198
TABLE 221 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (USD MILLION) 198
TABLE 222 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2017–2021 (KILOTON) 199
TABLE 223 ARGENTINA: SYNTHETIC LUBRICANTS MARKET, BY PRODUCT TYPE, 2022–2028 (KILOTON) 199
11 COMPETITIVE LANDSCAPE 200
11.1 INTRODUCTION 200
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 200
TABLE 224 OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR COMPANIES 200
11.3 MARKET SHARE ANALYSIS 202
TABLE 225 DEGREE OF COMPETITION 203
FIGURE 39 SHELL PLC LED SYNTHETIC LUBRICANTS MARKET IN 2022 203
11.3.1 RANKING OF KEY MARKET PLAYERS, 2022 205
FIGURE 40 RANKING OF MAJOR PLAYERS IN SYNTHETIC LUBRICANTS MARKET, 2022 205
11.4 REVENUE ANALYSIS OF MAJOR PLAYERS 205
FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES IN LAST 5 YEARS 205
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2022 206
11.5.1 STARS 206
11.5.2 EMERGING LEADERS 206
11.5.3 PERVASIVE PLAYERS 206
11.5.4 PARTICIPANTS 206
FIGURE 42 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2022 207
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2022 208
11.5.5.1 Company overall footprint 208
FIGURE 43 COMPANY OVERALL FOOTPRINT (25 COMPANIES) 208
11.5.5.2 Company region footprint 209
TABLE 226 COMPANY REGION FOOTPRINT (25 COMPANIES) 209
11.5.5.3 Company type footprint 210
TABLE 227 COMPANY TYPE FOOTPRINT (25 COMPANIES) 210
11.5.5.4 Company product type footprint 211
TABLE 228 COMPANY PRODUCT TYPE FOOTPRINT (25 COMPANIES) 211
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2022 212
11.6.1 PROGRESSIVE COMPANIES 212
11.6.2 RESPONSIVE COMPANIES 212
11.6.3 DYNAMIC COMPANIES 212
11.6.4 STARTING BLOCKS 212
FIGURE 44 STARTUP/SME EVALUATION MATRIX, 2022 213
11.6.5 COMPETITIVE BENCHMARKING, 2022 213
11.6.5.1 Detailed list of key startups/SMEs 213
TABLE 229 DETAILED LIST OF KEY STARTUPS/SMES 213
11.6.5.2 Competitive benchmarking of key startups/SMEs 214
TABLE 230 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 214
11.7 COMPANY EVALUATION AND FINANCIAL METRICS OF KEY PLAYERS 214
FIGURE 45 COMPANY VALUATION OF KEY PLAYERS 214
FIGURE 46 EV/EBITDA OF KEY PLAYERS 215
11.8 BRAND/PRODUCT COMPARISON 215
11.9 COMPETITIVE SCENARIO AND TRENDS 216
11.9.1 PRODUCT LAUNCHES 216
TABLE 231 PRODUCT LAUNCHES (SEPTEMBER 2019–JANUARY 2024) 216
11.9.2 DEALS 218
TABLE 232 DEALS (MAY 2019–JANUARY 2024) 218
11.9.3 OTHER DEVELOPMENTS 220
TABLE 233 EXPANSIONS, INVESTMENTS, AND INNOVATIONS (JANUARY 2019–NOVEMBER 2023) 220
12 COMPANY PROFILES 222
(Business overview, Products/Solutions/Services offered, Recent Developments, Product launches, Deals, Other developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
12.1 KEY PLAYERS 222
12.1.1 SHELL PLC 222
TABLE 234 SHELL PLC: COMPANY OVERVIEW 222
FIGURE 47 SHELL PLC: COMPANY SNAPSHOT 223
TABLE 235 SHELL PLC: PRODUCTS /SOLUTIONS/SERVICES OFFERED 223
TABLE 236 SHELL PLC: PRODUCT LAUNCHES 224
TABLE 237 SHELL PLC: DEALS 225
TABLE 238 SHELL PLC: OTHER DEVELOPMENTS 225
12.1.2 EXXON MOBIL CORPORATION 227
TABLE 239 EXXON MOBIL CORPORATION: COMPANY OVERVIEW 227
FIGURE 48 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 228
TABLE 240 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 228
TABLE 241 EXXON MOBIL CORPORATION: PRODUCT LAUNCHES 230
TABLE 242 EXXON MOBIL CORPORATION: OTHER DEVELOPMENTS 230
12.1.3 BP P.L.C. 232
TABLE 243 BP P.L.C.: COMPANY OVERVIEW 232
FIGURE 49 BP P.L.C.: COMPANY SNAPSHOT 233
TABLE 244 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 245 BP P.L.C.: OTHER DEVELOPMENTS 234
12.1.4 CHEVRON CORPORATION 236
TABLE 246 CHEVRON CORPORATION: COMPANY OVERVIEW 236
FIGURE 50 CHEVRON CORPORATION: COMPANY SNAPSHOT 237
TABLE 247 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
TABLE 248 CHEVRON CORPORATION: PRODUCT LAUNCHES 239
TABLE 249 CHEVRON CORPORATION: DEALS 239
TABLE 250 CHEVRON CORPORATION: OTHER DEVELOPMENTS 239
12.1.5 TOTALENERGIES SE 241
TABLE 251 TOTALENERGIES SE: COMPANY OVERVIEW 241
FIGURE 51 TOTALENERGIES SE: COMPANY SNAPSHOT 242
TABLE 252 TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 253 TOTALENERGIES SE: DEALS 245
TABLE 254 TOTALENERGIES SE: OTHER DEVELOPMENTS 245
12.1.6 FUCHS 247
TABLE 255 FUCHS: COMPANY OVERVIEW 247
FIGURE 52 FUCHS: COMPANY SNAPSHOT 248
TABLE 256 FUCHS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 257 FUCHS: PRODUCT LAUNCHES 250
TABLE 258 FUCHS: DEALS 250
12.1.7 IDEMITSU KOSAN CO., LTD. 252
TABLE 259 IDEMITSU KOSAN CO., LTD.: COMPANY OVERVIEW 252
FIGURE 53 IDEMITSU KOSAN CO., LTD.: COMPANY SNAPSHOT 253
TABLE 260 IDEMITSU KOSAN CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 253
TABLE 261 IDEMITSU KOSAN CO., LTD.: PRODUCT LAUNCHES 254
TABLE 262 IDEMITSU KOSAN CO., LTD.: DEALS 254
TABLE 263 IDEMITSU KOSAN CO., LTD.: OTHER DEVELOPMENTS 255
12.1.8 CHINA PETROLEUM & CHEMICAL CORPORATION 256
TABLE 264 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW 256
FIGURE 54 CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT 257
TABLE 265 CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 257
TABLE 266 CHINA PETROLEUM & CHEMICAL CORPORATION: DEALS 258
TABLE 267 CHINA PETROLEUM & CHEMICAL CORPORATION: OTHER DEVELOPMENTS 259
12.1.9 LUKOIL 261
TABLE 268 LUKOIL: COMPANY OVERVIEW 261
FIGURE 55 LUKOIL: COMPANY SNAPSHOT 262
TABLE 269 LUKOIL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
TABLE 270 LUKOIL: PRODUCT LAUNCHES 263
TABLE 271 LUKOIL: DEALS 264
TABLE 272 LUKOIL: OTHER DEVELOPMENTS 264
12.1.10 PETROLIAM NASIONAL BERHAD (PETRONAS) 265
TABLE 273 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW 265
FIGURE 56 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT 266
TABLE 274 PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/ SERVICES OFFERED 266
TABLE 275 PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS 268
TABLE 276 PETROLIAM NASIONAL BERHAD (PETRONAS): OTHER DEVELOPMENTS 268
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, Product launches, Deals, Other developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12.2 STARTUPS/SMES 269
12.2.1 INDIAN OIL CORPORATION LTD. 269
TABLE 277 INDIAN OIL CORPORATION LTD.: COMPANY OVERVIEW 269
12.2.2 ENEOS HOLDINGS, INC. 270
TABLE 278 ENEOS HOLDINGS, INC.: COMPANY OVERVIEW 270
12.2.3 GULF OIL INTERNATIONAL LTD. 271
TABLE 279 GULF OIL INTERNATIONAL LTD.: COMPANY OVERVIEW 271
12.2.4 ENOC COMPANY 272
TABLE 280 ENOC COMPANY: COMPANY OVERVIEW 272
12.2.5 ENI S.P.A. 273
TABLE 281 ENI S.P.A.: COMPANY OVERVIEW 273
12.2.6 SK INC. 274
TABLE 282 SK INC.: COMPANY OVERVIEW 274
12.2.7 CEPSA 275
TABLE 283 CEPSA: COMPANY OVERVIEW 275
12.2.8 GAZPROMNEFT-SM LLC 276
TABLE 284 GAZPROMNEFT-SM LLC: COMPANY OVERVIEW 276
12.2.9 ADDINOL LUBE OIL GMBH 276
TABLE 285 ADDINOL LUBE OIL GMBH: COMPANY OVERVIEW 276
12.2.10 BEL-RAY COMPANY LLC 277
TABLE 286 BEL-RAY COMPANY LLC: COMPANY OVERVIEW 277
12.2.11 MORRIS LUBRICANTS 277
TABLE 287 MORRIS LUBRICANTS: COMPANY OVERVIEW 277
12.2.12 PENRITE OIL COMPANY 278
TABLE 288 PENRITE OIL COMPANY: COMPANY OVERVIEW 278
12.2.13 LIQUI MOLY GMBH 278
TABLE 289 LIQUI MOLY GMBH: COMPANY OVERVIEW 278
12.2.14 DYADE LUBRICANTS 279
TABLE 290 DYADE LUBRICANTS: COMPANY OVERVIEW 279
12.2.15 KLÜBER LUBRICATION 279
TABLE 291 KLÜBER LUBRICATION: COMPANY OVERVIEW 279
SSS13 ADJACENT & RELATED MARKETS 280
13.1 INTRODUCTION 280
13.2 LIMITATIONS 280
13.3 MARINE LUBRICANTS MARKET 280
13.3.1 MARKET DEFINITION 280
13.3.2 MARKET OVERVIEW 281
13.4 MARINE LUBRICANTS MARKET, BY REGION 281
TABLE 292 MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (USD MILLION) 281
TABLE 293 MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (USD MILLION) 281
TABLE 294 MARINE LUBRICANTS MARKET, BY REGION, 2017–2022 (KILOTON) 282
TABLE 295 MARINE LUBRICANTS MARKET, BY REGION, 2023–2028 (KILOTON) 282
13.4.1 NORTH AMERICA 283
TABLE 296 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 283
TABLE 297 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 283
TABLE 298 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON) 283
TABLE 299 NORTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 284
13.4.2 ASIA PACIFIC 284
TABLE 300 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 284
TABLE 301 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 285
TABLE 302 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON) 285
TABLE 303 ASIA PACIFIC: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 286
13.4.3 EUROPE 286
TABLE 304 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 286
TABLE 305 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 287
TABLE 306 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON) 287
TABLE 307 EUROPE: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 288
13.4.4 SOUTH AMERICA 288
TABLE 308 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 288
TABLE 309 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 288
TABLE 310 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON) 289
TABLE 311 SOUTH AMERICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 289
13.4.5 MIDDLE EAST & AFRICA 289
TABLE 312 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 289
TABLE 313 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 290
TABLE 314 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2017–2022 (KILOTON) 290
TABLE 315 MIDDLE EAST & AFRICA: MARINE LUBRICANTS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 290
14 APPENDIX 291
14.1 DISCUSSION GUIDE 291
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 294
14.3 CUSTOMIZATION OPTIONS 296
14.4 RELATED REPORTS 296
14.5 AUTHOR DETAILS 297
❖ 世界の合成潤滑剤市場に関するよくある質問(FAQ) ❖
・合成潤滑剤の世界市場規模は?
→MarketsandMarkets社は2023年の合成潤滑剤の世界市場規模を412億米ドルと推定しています。
・合成潤滑剤の世界市場予測は?
→MarketsandMarkets社は2028年の合成潤滑剤の世界市場規模を480億米ドルと予測しています。
・合成潤滑剤市場の成長率は?
→MarketsandMarkets社は合成潤滑剤の世界市場が2023年~2028年に年平均3.1%成長すると予測しています。
・世界の合成潤滑剤市場における主要企業は?
→MarketsandMarkets社は「Shell plc(英国)、BP p.l.c(英国)、Exxon Mobil Corporation(米国)、TotalEnergies SE(フランス)、FUCHS(ドイツ)、Chevron Corporation(米国)、出光興産株式会社(日本)、China Petroleum & Chemical Corporation(中国)、LUKOIL(ロシア)、Petroliam Nasional Berhad(PETRONAS)(マレーシア)など ...」をグローバル合成潤滑剤市場の主要企業として認識しています。
※上記FAQの市場規模、市場予測、成長率、主要企業に関する情報は本レポートの概要を作成した時点での情報であり、納品レポートの情報と少し異なる場合があります。


 
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			 
					
							
			