Global Synthetic Ester Lubricant Market

Global Synthetic Ester Lubricant Market, By Application (Compressor Oils, Hydraulic Oils, Metal Working Oil, Diesel and Petrol Engine Oils, and Others), By End-User Industry (Automotive, Power, Chemical, Construction and Mining, and Others), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

Frequently Asked Questions (FAQ):

Synthetic esters are manufactured by combining alcohols and carboxylic acids in an esterification reaction. Synthetic ester lubricants are also used in engine oils to provide multiple high-performance lubrication in engine oils, refrigeration lubricants, compressor oils, chain lubricants, greases, metalworking fluids, hydraulic fluids, transmission fluids, and more.

The Synthetic Ester Lubricant market size was valued at USD 2.1 Billion in 2020 and projected to grow at a CAGR of 4% during the forecast period, 2021-2027.

The Synthetic Ester Lubricant market is expected to grow significantly due to the growing automotive industry and rapid industrialization. Moreover, the stringent regulation on the automobile industries to reduce carbon emissions is the key factor driving synthetic ester lubricant market growth.

Companies include Shell Global, Exxon Mobil Corporation, BASF SE, BP Castrol, PETRONAS, Chevron Corporation, Valvoline Inc., British Petroleum, Total, Amsoil Inc, and LOPAL key players in the Synthetic Ester Lubricant market.

Based on the Application, the Synthetic Ester Lubricant market is categorized into Compressor Oils, Hydraulic Oils, Metal Working Fluids, Diesel and Petrol Engine Oils, and Others.

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