Synthetic Ester Lubricants Market
Synthetic Ester Lubricants Market Size, Share & Trends Analysis Report by Type (Monoester, Diester, Polyol Ester, and Aromatic Carboxylic Ester), by Application (Compressor Oils, Hydraulic Oils, Metalworking Fluids, Diesel and Petrol Engine Oils, and Others), and by End-use Industry (Construction, Mining, Metal Production, Power Generation, Automotive Manufacturing, Marine, Oil and Gas, Textile, Food Processing, and Others) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Synthetic ester lubricants market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for synthetic lubricants in various end-use industries. Further, the growing demand for high-performance ester lubricants owing to the properties they impart is anticipated to propel the market growth. For instance, esters have been used in jet engine lubricants for over 50 years due to their combination of low-temperature flowability and good high-temperature performance. When compared to mineral oils, synthetic esters and especially diesters offer the advantage of higher viscosity indexes, low pour points, high flash points, low-temperature fluidity, low volatility, high thermal stability, and oxidation resistance, as well as excellent overall lubricity characteristics.
Segmental Outlook
The global synthetic ester lubricants market is segmented based on its type, application, and end-use industry. Based on its type, the market is segmented into monoester, diester, polyol ester, and aromatic carboxylic ester. Based on the application, the market is categorized into compressor oils, hydraulic oils, metalworking fluids, diesel and petrol engine oils, and others. Further, based on the end-use industry, the market is segmented into construction, mining, metal production, power generation, automotive manufacturing, marine, oil and gas, textile, food processing, and others. Among the type segment, polyol ester is anticipated to hold a prominent market share owing to the increased demand from automotive, manufacturing and other industrial applications.
The Automotive Manufacturing Sub-Segment is Aticipated to Cater to a Considerable Growth in the Synthetic Ester Lubricants Market
Among the end-use industry segment, the automotive manufacturing sub-segment is anticipated to register significant growth for the forecast period. The growth of the automotive manufacturing sub-segment is attributed to the factors such as the increasing demand for synthetic lubricants in the automotive industry. Advanced easter-based oils have improved wettability, lubrication, high colling power, rust inhibiting, and detergency properties. They have added attraction of being natural, non-toxic, biodegradable, relatively non-polluting, and cheaper than synthetics. The ester-based metal working formulation gives an enhanced performance, better surface finish, and improved durability, which is vital to automotive components.
Regional Outlooks
The global synthetic ester lubricants market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific market is anticipated to cater to prominent growth over the forecast period. However, the North American region is projected to experience considerable growth in the synthetic ester lubricants market owing to increased production capacity and industrialisation in the region.
Global Synthetic Ester Lubricants Market Growth, by Region 2023-2030
The European Region is Anticipated to Account for the Significant Share in the Global Synthetic Ester Lubricants Market
Among all regions, the European region is anticipated to account for a significant share of the synthetic ester lubricants market during the forecast period. The regional market growth is primarily driven by factors such as the increasing demand for synthetic lubricants in various end-use industries, particularly the automotive industry, which is one of the major consumers of synthetic ester lubricants. The region is home to some of the largest automotive manufacturers, such as Volkswagen Group, BMW Group, Daimler AG, PSA Group, Renault Group, Fiat Chrysler Automobiles, Volvo Cars, Jaguar Land Rover, and others. Thus, the growing demand for high-performance lubricants from the automotive sector, coupled with the increasing focus on energy efficiency and sustainability, is anticipated to drive market growth in the Europe region. Also, the market players are coming up with new and enhanced bio-based ester lubricants thereby creating a healthy and competitive environment for business which is anticipated to contribute positively to the growth of the synthetic ester lubricants market. For instance, in March 2023, French synthetic ester-base stocks manufacturer NYCO launched a new Nycobase synthetic ester base fluid and extended the line of their NSF® HX-1 products. Nycobase 32011 FG is an ISO VG 220, high-performance, high-temperature synthetic ester dedicated to the formulation of lubricants exposed to very high temperatures, such as high-temperature chain oils or compressor oils. This new product shows outstanding performance features such as ultra-low volatility, flash points exceeding 300°C, a high level of resistance to thermo-oxidation cleanliness in operation, and good lubricity.
Market Players Outlook
The major companies serving the global synthetic ester lubricants market include BP Plc, Chevron Corp., Exxon Mobil Corp., Royal Dutch Shell Plc, and Total SA, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2023, KLK Oleo acquired a controlling stake in Italian oleochemical producer Temix Oleo. Milan-based Temix Oleo offers ester base stocks for metalworking fluids, it also operates a plant in Calderara, Italy, with the capacity to produce 25,000 metric tons per year of esters. The acquisition move expands KLK Oleo’s capabilities for manufacturing esters for base oils and lubricants.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global synthetic ester lubricants market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. British Petroleum
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Chevron Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Exxon Mobil Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Synthetic Ester Lubricants Market by Type
4.1.1. Monoester
4.1.2. Diester
4.1.3. Polyol Ester
4.1.4. Aromatic Carboxylic Ester
4.2. Global Synthetic Ester Lubricants Market by Application
4.2.1. Compressor Oils
4.2.2. Hydraulic Oils
4.2.3. Metalworking Fluids
4.2.4. Diesel and Petrol Engine Oils
4.2.5. Others
4.3. Global Synthetic Ester Lubricants Market by End-Use Industry
4.3.1. Construction
4.3.2. Mining
4.3.3. Metal Production
4.3.4. Power Genaration
4.3.5. Automotive Manufacturing
4.3.6. Marine
4.3.7. Oil and Gas
4.3.8. Textile
4.3.9. Food Processing
4.3.10. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AMSOIL INC.
6.2. BASF SE
6.3. BP p.l.c.
6.4. Castrol Ltd.
6.5. China National Petroleum Corp.
6.6. Croda International Plc
6.7. DIC CORP.
6.8. Eastman Chemical Co.
6.9. FUCHS PETROLUB SE
6.10. Huntsman Corp.
6.11. Idemitsu Kosan Co.,Ltd.
6.12. INEOS
6.13. JIANGSU LOPAL TECH.CO.,LTD.
6.14. Kendall Group
6.15. KLÜBER LUBRICATION (MALAYSIA) SDN BHD
6.16. LANXESS
6.17. Lubrication Engineers
6.18. Motul S.A.
6.19. Petroliam Nasional Berhad
6.20. Quaker Chemical Corp.
6.21. Royal Dutch Shell PLC
6.22. Shell Global
6.23. Sinopec Lubricant Co.
6.24. The Lubrizol Corp.
6.25. TotalEnergies international group
6.26. Valvoline
1. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL SYNTHETIC MONOESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL SYNTHETIC DIESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL SYNTHETIC POLYOL ESTER LUBRICANTS FOR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL SYNTHETIC AROMATIC CARBOXYLIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
7. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR COMPRESSOR OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR HYDRAULIC OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR METALWORKING FLUIDS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR DIESEL AND PETROL ENGINE OILS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2022-2030 ($ MILLION)
13. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR METAL PRODUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR POWER GENARATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR AUTOMOTIVE MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR MARINE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
20. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR TEXTILE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
21. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR FOOD PROCESSING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
22. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR OTHER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
23. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
24. NORTH AMERICAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
25. NORTH AMERICAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
26. NORTH AMERICAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
27. NORTH AMERICAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2022-2030 ($ MILLION)
28. EUROPEAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
29. EUROPEAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
30. EUROPEAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
31. EUROPEAN SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2022-2030 ($ MILLION)
32. ASIA-PACIFIC SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
33. ASIA-PACIFIC SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
34. ASIA-PACIFIC SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
35. ASIA-PACIFIC SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2022-2030 ($ MILLION)
36. REST OF THE WORLD SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
37. REST OF THE WORLD SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
38. REST OF THE WORLD SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
39. REST OF THE WORLD SYNTHETIC ESTER LUBRICANTS MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2022-2030 ($ MILLION)
1. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL SYNTHETIC MONOESTER LUBRICANTS MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL SYNTHETIC DIESTER LUBRICANTS MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL SYNTHETIC POLYOL ESTER LUBRICANTS MARKET SHARE REGION, 2022 VS 2030 (%)
5. GLOBAL SYNTHETIC AROMATIC CARBOXYLIC ESTER LUBRICANTS MARKET SHARE REGION, 2022 VS 2030 (%)
6. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
7. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR COMPRESSOR OILS MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR HYDRAULIC OILS MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR METALWORKING FLUIDS MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR DIESEL AND PETROL ENGINE OILS MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET SHARE BY END-USE INDUSTRY, 2022 VS 2030 (%)
13. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR CONSTRUCTION MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR MINING MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR METAL PRODUCTION MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR POWER GENARATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR AUTOMOTIVE MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR MARINE MARKET SHARE BY REGION, 2022 VS 2030 (%)
19. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR OIL AND GAS MARKET SHARE BY REGION, 2022 VS 2030 (%)
20. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR TEXTILE MARKET SHARE BY REGION, 2022 VS 2030 (%)
21. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR FOOD PROCESSING MARKET SHARE BY REGION, 2022 VS 2030 (%)
22. GLOBAL SYNTHETIC ESTER LUBRICANTS FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
23. GLOBAL SYNTHETIC ESTER LUBRICANTS MARKET SHARE BY REGION, 2022 VS 2030 (%)
24. US SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
25. CANADA SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
26. UK SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
27. FRANCE SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
28. GERMANY SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
29. ITALY SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
30. SPAIN SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF EUROPE SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
32. INDIA SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
33. CHINA SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
34. JAPAN SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
35. SOUTH KOREA SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
36. REST OF ASIA-PACIFIC SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
37. REST OF THE WORLD SYNTHETIC ESTER LUBRICANTS MARKET SIZE, 2022-2030 ($ MILLION)
