LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- The latest trending report published by Crystal Market Research titled, Synthetic Ester Lubricants Market, approximates that the Synthetic Ester Lubricants Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
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 range 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.
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The report Synthetic Ester Lubricants Market renders a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Synthetic Ester Lubricants Market are studied on various factors like product portfolio, company profile, sales analysis, and revenue generation through the forecast period.
Major Market Players
- Fuchs Lubricants Pvt Ltd
- INEOS
- ExxonMobil
- Chevron Corporation
- Royal Dutch Shell
- Amsoil
- British Petroleum
- International Lubricants Inc
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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
5. Synthetic Ester Lubricants Market, By Region
6. Company Profiles
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Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that a decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions is included.
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