Synthetic Ester Lubricants Market To Demonstrate Substantial Growth By 2020 Globally Business Articles | July 11 Lorenzo Pellegrini AS Roma Jersey , 2016
New Market Research Reports Title “Synthetic Ester Lubricants Market Analysis Size and Segment Forecasts to 2020†Has Been Added to Grand View Research Report Database
The global?synthetic ester lubricants market?is expected to reach USD 2.0 billion by 2020, according to a new report by Grand View Research, Inc. This trend is expected to continue over the forecast period due to growing need of synthetic ester as hydraulic oils in manufacturing and construction industry. Rapid industrialization and infrastructure development in Asia Pacific is expected to propel demand for synthetic esters over the forecast period.
Browse full research report on Global Synthetic Ester Lubricants Market:? Increasing demand for environment-friendly products is another major factor contributing towards the overall market growth. Rising need from heavy machinery manufacturers owing to its ability to withstand high temperatures is also playing a major role in fueling growth and trend is expected to continue over the forecast period.
Read detailed report or request for sample of this research report:?????????????????
Further key findings from the report suggest: Synthetic esters for compressor oils dominated the application share Leandro Paredes AS Roma Jersey , accounting for 40.7% of global synthetic ester volume in 2013. Increasing use of the product in compressor oils owing to improved thermal stability, high dielectric strength and low moisture content is expected to be a favorable factor for growth in the near future.Hydraulic oils are expected to witness growth on account of rising awareness towards environmental friendly lubricants among consumers. In addition, growing exploration activities in oil & gas industry particularly in South China Sea coupled with rising demand for hydraulic oils from energy industry particularly in India Leandro Castan AS Roma Jersey , Indonesia and Vietnam is expected to drive growth.Europe dominated the product volume, accounting for 37.6% of the total share in 2013 primarily due to high lubricant demand from aerospace and manufacturing industries. Europe demand for synthetic ester lubricants is expected to grow at a significant rate owing to supportive regulations promoting the use of biodegradable esters in various applications including compressor oils, engine oils and metalworking fluids.The region is expected to lose share owing to the shift in manufacturing activities to parts of Asia and South America. This is primarily due to availability of cheap skilled labor coupled with low priced raw material availability and technology advancement.Key participants include Exxon Mobil Kostas Manolas AS Roma Jersey , British Petroleum, Shell, Total Kevin Strootman AS Roma Jersey , Chevron, Fuchs Group, Valvoline Juan Jesus AS Roma Jersey , Amsoil Inc., INEOS and International Lubricants Inc. Browse more reports of this category by Grand View ?Research:? Grand View Research has segmented the global synthetic ester lubricants market on the basis of application and region:
Global Synthetic Ester Lubricants Application Outlook (Volume, Kilo Tons; Revenue Juan Iturbe AS Roma Jersey , USD Million, 2012 - 2022) Compressor OilsHydraulic OilsMetalworking FluidsDiesel and Petrol Engine Oils Global Synthetic Ester Lubricants Regional Outlook (Volume, Kilo Tons; Revenue Hector Moreno AS Roma Jersey , USD Million, 2012 - 2022) North AmericaEuropeAsia PacificChinaRoW ?
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