Positioning for growth in the lubricants market mckinsey. Jan 06, 2016 the report synthetic lubricants market by type pao, esters, group iii, pag, by application engine oil, metalworking fluids, and industrial and by regions europe, north america, asia. Synthetic industrial lubricant market size, 2017 industry. Synthetic lubricants are high performance lubricants which are used for equipments which run faster and hotter to meet productivity demands. The global synthetic lubricants market size was valued at usd 4. Lube base stock lubricant motor oil free 30day trial. Ester oils can take more abuse at higher temperatures and will provide superior detergency compared to a pao synthetic base oil, which in turn increases the hours of use. The report synthetic lubricants market by type pao, esters, group iii, pag, by application engine oil, metalworking fluids, and industrial and by regions europe, north america, asia. We offer the following regional base oilslubes analysis and news coverage to keep you informed of factors and developments affecting prices in the base oilslubes marketplace price reporting.
The market for synthetic lubricant base stocks is dominated by three product groupspolyalphaolefins pao. This process is experimental and the keywords may be updated as the learning algorithm improves. Synthetic oil is a lubricant consisting of chemical compounds that are artificially made. Process chemistry of lubricant base stocks provides historical and conceptual background to the technologies used to make base stocks, thorough references, and a unique emphasis on chemical, not just engineering, aspects of lubricant processing. More information about the price reports we publish on base oilslubes. Lubricants, synthetic specialty chemicals update program. Growing demand from automotive manufacturers is expected to have a positive impact on the market growth over the forecast period. Synthetic lubricant base stocks 1989 chemical production. Synthetic lubricants market by base oil pao, pag, and esters, product engine oil, hydraulic fluid, metalworking fluids, compressor oil, gear oil. The report synthetic lubricants market by type pao, pag, esters, group iii, application engine oil, hydraulic fluids, metalworking fluids, compressor oil, gear oil, refrigeration oil, transmission fluids, turbine oil, region global forecast to 2023 the synthetic lubricants market is projected to reach usd 37. Synthetic lubricant an overview sciencedirect topics. Process chemistry of lubricant base stocks chemical.
Each synthetic brand uses a mix of highperformance fluids and additives. Proper base stock selection is essential to the manufacture of highquality finished lubricants. Pibs are available in very high viscosity ranges and may substitute group i. Synthetic lubricants are prepared from manmade base stocks having uniform molecular structures and, therefore, well defined properties that can be tailored to specific applications.
Pao is a primary product produced by two of the major oil companies in the united states. The market for synthetic lubricant base stocks is dominated by three product groupspolyalphaolefins pao, esters, and polyalkylene glycols pag. Synthetic lubricant base stock processes and products 119 three classes of esters are most often used as synthetic base stocks dibasic ester, polyol ester and aromatic ester. Esters are common group v base oils used in different lubricant formulations to improve the properties of the existing base oil. Synthetic lubricant market trends, types, share, growth. Most value growth from 2025 to 2035 is expected to come from rising margins, which are largely dependent on a switch to branded, synthetic lubricants in the roadtransport sector. Jan 18, 2017 the first three groups are derived from crude oil mineral oil. Their combined market share in 2018 was almost 90%. Their use as lubricant base stocks is only a fraction of the total market. The global lubricants market has been segmented in terms of type, product, and application. Sn base stock type viscosity index range 1 some phosphate esters 20 to 0 2 naphthenic petroleum 0 to 75 base oils and some type of digesters 3 paraffinic petroleum 80 to 5 and synthetic blend base oils 4 vi improved oils and synthetics 100 to 200 2 methodology 2. The first three groups are derived from crude oil mineral oil.
A private report of ihs process economic program, report no. Whether or not a crude oil is suitable to be made into a base oil is. This study is focused on the reduction of co2 emissions and costs associated with ultralow viscosity ulv engine oils for passenger vehicles. Exxonmobil chemicals synthetic lubricant basestocks are manufactured at facilities that are. The base stock makes up a significant portion of the finished lubricant. Synthetic lubricant base stock processes and products. Different product lines make use of the individual performance features demonstrated by various stocks. Mineral oil base stocks, on the other hand, are derived from crude oil and consist of complex mixtures of naturally occurring hydrocarbons. Mineral oil base stocks, on the other hand, are derived from crude oil and consist of complex mixtures of. Global synthetic lubricants market size, share industry. Synopsis of synthetic lubricant market, the global synthetic lubricant is expected to witness a significant growth of usd 39. Bestseller lubricants market growth, trends, and forecast 2020 2025 the market is segmented by group group i, group ii, group iii, group iv, and group v, base stock mineral oil lubricants, synthetic lubricants, semisynthetic lubricants, and biobased lubricants, product type engine oil, transmission and hydraulic fluid, metalworking fluid, general industrial oil, gear oil, grease. Base stocks and additives for lubricants and metalworking.
The synthetic lubricants market by base oil, product and end user. Mineral oil is the largest segment of the lubricants market due to its easy availability and low cost. Group i these base oils are less than 90% saturates, more than 0. Summary of major synthetic base stocks and producers. Lubricants, synthetic specialty chemicals update program scup. Pdf synthetic lubricant base stock processes and products. With vehicle makers pushing endlessly to meet stiffening ef. Reliable, highquality, global supply capability we have multiple manufacturing locations in the united states and europe, along with sales offices strategically located worldwide. Group i sn 150, bs 150, sn 250, sn 500, and others, group ii n 150, n 500, n 600, and others, group iii 2 cst, 4 cst, 6 cst, and 8 cst, group iv, group v, naphthenics 3560 sus, 80 sus, 200300 sus, 400800 sus, and above 1,200 sus, and rerefined. Additionally, if a plant is not currently using synthetic lubricant technology converting to synthetic food grade lubricants brings with it the opportunity to gain tremendous value through optimization of the lubricant maintenance program.
The majors push synthetic base oil lubricants because the primary synthetic is pao polyalphaolefin. Synthetic base oils can be many different types of compounds with many being limited to one specific application. Synthetic lubricant article about synthetic lubricant by. Thus, the demand for synthetic lubricants, for its application in the aerospace market, is expected to increase with the growth of the german aerospace market. Choose from our extensive range of quality polyalphaolefins pao, alkylated naphthalenes and esters to manufacture a variety of finished lubricants. Lubricants market growth, trends, and forecast 2020 2025. Base oils are used to manufacture products including lubricating greases, motor oil and metal processing fluids.
Increasing demand from industrial and automobile sectors in asia pacific subject to installation of new machines coupled with increased branded cars sales will drive the global market during forecast period. While all synthetics on the market may offer a higher level of protection than conventional or synthetics blends, not all synthetics are equal. Synthetic lubricants market, size, share and forecasts to 2023. Learn about our core and specialty group i base stocks, designed to offer broad blending coverage with performance capabilities in applications ranging from engine oils to industrial and marine lubricant. Rising demand from automotive and aerospace industry in order to produce fuel efficient and optimum engines has resulted in augmenting market growth for the product. A detailed look at mineral, synthetic and even renewable oils and the. Synthetic lubricants have been in the market since 70 years and have been used by germany and u.
Global synthetic ester lubricants market size was usd 1. Based on base oil, the global lubricant market is classified into mineral oil, synthetic oil, and biobased oil. Us20100160506a1 production of synthetic hydrocarbon fluids. One of the most important factors is the liquids viscosity at various temperatures. These synthetic base stocks off er high viscosity index, often above 200, provide a very low rate of viscosity change with wide range of temperatures. Synthetic lubricants market size and share industry growth, 2026. A private report of his process economic program, report no.
Pibs are available in very high viscosity ranges and may substitute group i bright stocks. Lubricants market global forecast to 2024 marketsandmarkets. Lubricant base stock propylene oxide pour point butylene oxide phthalic anhydride these keywords were added by machine and not by the authors. Global synthetic industrial lubricant market is anticipated to grow at a positive cagr in the forthcoming period. Kline estimates that the global synthetic lubricants market is. Full synthetic oil uses a synthetic base stock mixed with a variety of additives that boost the performance of the oil. Both the additives and the base oil contribute to the oils ability to protect. It would be wise to focus on the development of these productsespecially in the fastgrowing emerging markets in africa, asia, and latin america. Pao accounted for 45% of the total synlube base stock in 2018, followed by esters at 28% and pag at 16%. Lube base stock free download as powerpoint presentation. Most synthetic base stocks are derived from petrochemicals table 1. Analyze the contents of a quart of motor oil and you will discover that.
Automotive fluids lubricants, gear oils, transmission fluids, power. Industrial oils have a key task to perform such as transmitting energy via fluid media that lessens or transmits driving forces, producing energy or cooling or producing compressed air. Based on product, the lubricants market has been classified into mineral, synthetic, and semi synthetic. Innovate confidently with support from a global leader empowering your success. Synthetic lubricants market growth, trends, and forecast. Mnl59 astm international 100 barr harbor drive po box c700 west conshohocken, pa 194282959 printed in the u. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials. Synthetic lubricant market trends, types, share, growth, size. The base material, however, is still overwhelmingly crude oil that is distilled and. Group v is for all other base oils not included in groups i through iv. Specifically, the reduction in life cycle co2 lcco2 emissions from lowerviscosity engine oil and the oil drain interval odi extension were estimated taking into account both mineral engine oil and synthetic engine oil.
Base oilslubes news news and market information products from icis. Synthetic lubricants using tailored synthetic base stocks are designed to meet these higher performance needs and can provide superior performance and economic benefits over conventional lubricants. Synthetic lubricant base stocks there are six major base stock types used in the development of synthetic lubricants, with each offering its own set of unique properties and applications. Our highquality ehc base stocks delivered reliably and with consistent product quality offer targeted performance capabilities to meet a broad range of base oil and lubricant blending needs. Why synthetics are leading the lubricants market stle. Lubricant market to see massive growth by 2025 total, shell. The lubricants are available in various forms such as liquid, solid, semisolid, and gaseous. Different products require different compositions and properties in the oil.
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