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Synthetic Lubricants Market Share
- Report ID: GMI368
- Published Date: Mar 2016
- Report Format: PDF
Synthetic Lubricants Market Share
Key industry players include:
- Shell
- Castrol
- ExxonMobil
- BP
- Fuchs
- Total
- Chevron
- Shell
- Castrol
ExxonMobil and BP accounted for 50% of synthetic lubricants industry revenue in 2015.
High fiber cost when compared with mineral oil and increasing demand for mineral oil from small scale manufactures mainly in Asia Pacific will hamper the synthetic lubricants market growth.
Frequently Asked Questions (FAQ) :
According to report, Synthetic Lubricants Market size is estimated to be pegged at $5 billion by 2023.
Overall Synthetic Lubricants Market recorded a remuneration of $5 billion in 2016 – 2023.
According to the report published by Global Market Insights Inc., the synthetic lubricants business is supposed to attain $5 billion (USD) by 2023.
Positive automobile production outlook and abundant availability of natural gas in GCC are the major factors expected to drive the growth of global market.
Exxon Mobil, Shell, British Petroleum, Total, Chevron, Fuchs Group, Pennzoil, Amsoil Inc., Kendall (Phillips), Valvoline, Castrol are some of the top contributors in the industry.
The engine oil segment registered a highest market share in 2015 and is projected to record a remarkable growth rate throughout the forecast period.
Synthetic Lubricants Market Scope
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