Synthetic Ester Lubricants Market to Witness Astonishing Growth by 2029

The global synthetic ester lubricants market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. Synthetic lubricants are manufactured using chemical compounds and additives, offering superior performance and durability compared to traditional mineral-based lubricants. They play an important role in automotive engines, where they are used to reduce friction, improve fuel efficiency, and extend the life of the engine. Within the synthetic lubricant market. Synthetic ester lubricants are derived from esters, which are organic compounds formed by reacting an alcohol with a carboxylic acid. These are known for their exceptional performance in high-stress applications, such as racing engines and heavy-duty machinery. In the automotive industry, synthetic ester lubricants are commonly used in high-performance and racing engines, as well as in applications where extreme temperatures, pressures, and loads are encountered. It offers several advantages over mineral-based lubricants, such as high resistance to oxidation, improved wear protection, and reduced sludge formation. It also has higher viscosity index than mineral-based lubricants, which further allows them to maintain their viscosity and lubricating properties over a wider temperature range. Thus, the advantages offered by the synthetic ester lubricant have been the driving force for high demands among various end-use industries such as automotive, marine, and manufacturing among others.

As the demand for synthetic easter continues to grow market players have been proactively launching new and enhanced products to augment their product portfolio and remain competitive in the market. For instance, in February 2021, UK-based specialty chemical company Croda International Plc launched new dielectric ester base oil that can be used in battery cooling and electric vehicle (EV) transmission fluids to improve safety, stability, and performance. 

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By Application
By End-use Industry

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including BASF SE, Huntsman Corp., Exxon Mobil Corp., Royal Dutch Shell PLC, BP Middle East LLC, and others.

Synthetic Ester Lubricants Market Report Segment

By Type

Monoester
Diester
Polyol Ester
Aromatic Carboxylic Ester

By Application

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

By End-use Industry

Construction 
Mining 
Metal Production 
Power Genaration 
Automotive Manufacturing
Marine
Oil and Gas
Textile
Food Processing 
Others

A full Report of Synthetic Ester Lubricants Market is Available @  https://www.omrglobal.com/industry-reports/synthetic-ester-lubricants-market

Synthetic Ester Lubricants Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

AMSOIL INC. 
BASF SE
BP p.l.c.
Castrol Ltd.
China National Petroleum Corp.
Croda International Plc
DIC CORP.
Eastman Chemical Co.
FUCHS PETROLUB SE
Huntsman Corp.
Idemitsu Kosan Co.,Ltd.
INEOS
JIANGSU LOPAL TECH.CO.,LTD.
Kendall Group
KLÜBER LUBRICATION (MALAYSIA) SDN BHD
LANXESS
Lubrication Engineers 
Motul S.A. 
Petroliam Nasional Berhad
Quaker Chemical Corp.
Royal Dutch Shell PLC
Shell Global
Sinopec Lubricant Co.
The Lubrizol Corp.
Total Energies international group
Valvoline 

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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