Global PAG Synthetic Lubricants Market Segment by Region, Type, Application
Posted by Deeksha on March 15th, 2019
Market Research Hub (MRH) has carefully analyzed this research study titled “Global PAG Synthetic Lubricants Market” Research Report 2019, which is available on its online portal. The aim of this assessment is to highlight the various projections expected to occur in the global market for PAG Synthetic Lubricants Market. Readers can gain knowledge related to prime market facets such as market size, Y-o-Y growth and market dynamics, which are projected to change during the stated forecast period. According to research findings, the global PAG Synthetic Lubricants Market is likely to advance at a steady CAGR of XX% during the period between 2017 and 2026.
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Synthetic oil is a lubricant consisting of chemical compounds that are artificially made. Synthetic lubricants can be manufactured using chemically modified petroleum components rather than whole crude oil, but can also be synthesized from other raw materials. One of the most versatile types of synthetics is polyalkylene glycol (PAG) lubricants. PAGs are generally known as compressor lubricants, and their use in industry has increased since the 1980s. Increasing performance standards in the automotive and industrial markets peg these sectors as areas that show promise for growth.Synthetic lubricants provide numerous benefits when used for automotive applications such as excellent thermal stability and low friction. Rising awareness regarding the advantages of the product, as opposed to its mineral counterparts, will augment industry growth over the forecast period. A major application of synthetic lubricants is their use as heat transfer fluids in heavy machinery and heat exchangers. Rising industrial sector in Asia Pacific countries will propel product demand over the forecast period.
The engine oil application segment is leading the synthetic lubricants market. This is owed to the rapid growth of the automotive industry in the Asia-Pacific region. The increasing demand of automobiles can be attributed to the increasing disposable income of people and industrial growth in this region. This growth in the automotive industry ultimately contributes to the growth of PAG-based lubricants in the Asia-Pacific region.
The global PAG Synthetic Lubricants market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on PAG Synthetic Lubricants volume and value at global level, regional level and company level. From a global perspective, this report represents overall PAG Synthetic Lubricants market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Segment by Regions
Segment by Type
Segment by Application
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Table of Contents
1 PAG Synthetic Lubricants Market Overview
1.1 Product Overview and Scope of PAG Synthetic Lubricants
1.2 PAG Synthetic Lubricants Segment by Type
1.2.1 Global PAG Synthetic Lubricants Production Growth Rate Comparison by Type (2014-2025)
1.3 PAG Synthetic Lubricants Segment by Application
1.3.1 PAG Synthetic Lubricants Consumption Comparison by Application (2014-2025)
1.3.2 Petrochemical Industry
1.3.3 Metal Stamping
1.3 Global PAG Synthetic Lubricants Market by Region
1.3.1 Global PAG Synthetic Lubricants Market Size Region
1.3.2 North America Status and Prospect (2014-2025)
1.3.3 Europe Status and Prospect (2014-2025)
1.3.4 China Status and Prospect (2014-2025)
1.3.5 Japan Status and Prospect (2014-2025)
1.3.6 Southeast Asia Status and Prospect (2014-2025)
1.3.7 India Status and Prospect (2014-2025)
1.4 Global PAG Synthetic Lubricants Market Size
1.4.1 Global PAG Synthetic Lubricants Revenue (2014-2025)
1.4.2 Global PAG Synthetic Lubricants Production (2014-2025)
2 Global PAG Synthetic Lubricants Market Competition by Manufacturers
2.1 Global PAG Synthetic Lubricants Production Market Share by Manufacturers (2014-2019)
2.2 Global PAG Synthetic Lubricants Revenue Share by Manufacturers (2014-2019)
2.3 Global PAG Synthetic Lubricants Average Price by Manufacturers (2014-2019)
2.4 Manufacturers PAG Synthetic Lubricants Production Sites, Area Served, Product Types
2.5 PAG Synthetic Lubricants Market Competitive Situation and Trends
2.5.1 PAG Synthetic Lubricants Market Concentration Rate
2.5.2 PAG Synthetic Lubricants Market Share of Top 3 and Top 5 Manufacturers
2.5.3 Mergers & Acquisitions, Expansion