This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Synthetic Lubricant Market Is Expected To Reach USD 62,805.6 Million In 2018 While Bio-Based Lubricants Market Is Expected To Reach USD 2,377.5 Million In 2018: Transparency Market Research

ALBANY, New York, January 23, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research ( http://www.transparencymarketresearch.com) titled " Synthetic and Bio-Based Lubricants - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012  -  2018," synthetic lubricants demand was 35.10 million tons in 2011 and is expected to reach 41.52 million tons in 2018, growing at a CAGR of 2.48% from 2013 to 2018. Bio- based lubricant demand was 505.6 kilo tons in 2011 and is expected to reach 785.0 kilo tons in 2018, growing at a CAGR of 6.6% from 2013 to 2018.

Browse the full report at  http://www.transparencymarketresearch.com/global-synthetic-and-bio-based-lubricants-market.html

The reference to synthetic lubricants in the report includes mineral oil based and chemical based lubricants. Mineral oil based lubricants are petrochemical products which are manufactured from crude oil whereas chemical based lubricants are externally synthesized by using chemicals such as polyolefin, polyesters, polyglycols, non-PAO synthetics, esters, alkylated naphthalene and alkylated benzene.

Bio-based lubricants are biodegradable in nature and are derived from vegetables oils such as palm or castor oils and animal oils. The biodegradable nature of the lubricant makes it eco-friendly which is a key attribute in the industry facing a growing shift towards sustainability. In addition, there has been significant regulatory support for the development of bio-based lubricants from various agencies, particularly the EPA in the U.S. and REACH in the European Union.

Related & Recently Published Reports by Transparency Market Research

http://www.transparencymarketresearch.com/anti-microbial-coating-market.html

http://www.transparencymarketresearch.com/russia-mdi.html

http://www.transparencymarketresearch.com/butane-market.html

http://www.transparencymarketresearch.com/construction-equipment-market.html

http://www.transparencymarketresearch.com/tpu-market.html

http://www.transparencymarketresearch.com/teg-market.html

The primary driver for the synthetic lubricants market is the growth in the industrial and automotive sectors, especially in Asia Pacific and Latin America. Automotive applications (consumer and commercial) together accounted for 61.4% of the market share in 2011 and the growth in automotive industry majorly influences the demand for synthetic lubricants. Synthetic lubricant demand for consumer automotive applications is expected to reach 11.86 million tons in 2018, growing at a CAGR of 2.58% from 2013 to 2018. The development of bio-based lubricants has reduced the dependency on mineral oil based lubricants. However, the high cost associated with processing and commercialization of bio-based lubricants is a major inhibitor for product acceptance and penetration across a host of applications.

Synthetic lubricants are segmented, based on product type into industrial lubricants, commercial automotive lubricants and consumer automotive lubricants. Industrial lubricants are the single largest application for synthetic lubricants and accounted for 38.6% of the market in 2011. The report includes a detailed study of various synthetic lubricant products such as process oils, engine/motor oils and so on along with analysis and trends of their further sub-segments. Sub-segments include lubricants like process oils, general industrial oils, heavy-duty engine oils, passenger vehicle engine and motor oils among others.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASDAQ 4,636.1050 -140.4030 -2.94%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs