Heatbud logo
TOP CHARTS
BROWSE ZONES
CONTEST
SEARCH
HELP CENTER
LOGIN / SIGNUP
MY ZONES
Login to favorite zones.
TOP ZONES+
  • Life Sciences & Transformational Health
       
  • Education
       
  • Dubai
       
  • Buy Ladies Tops Online India
       
  • Beauty
       
  • Beautty
       
  • CRYTOCURRENCY
       
  • Business
       
  • Market ResearchNest
       
  • Trendy Women Tops That Will Help You To Improve
       
  • MarketResearch
       
  • AlgoroReports
       
  • Acute Market Research
       
  • eMarketOrg.com
       
  • Car Accessories
       
  • Research Trades Business Report
       
  • chemical
       
  • Health
       
  • Provue
       
  • College
       
Heatbud Blog Post Contest... Win $50 every month! (for US residents only)
You are in the zone
IndustrialSupply Visit zone home page
Create a Post in this zone  .  Create a new zone
Synthetic Lubricants and their Industrial Applications
19 VIEWS   +   0 UP VOTES Vote Up   -   0 DOWN VOTES Vote Down   +   0 COMMENTS Comments   =   19 HEAT INDEX What is Heat Index?
share elsewhere

The Synthetic Lubricants Market is anticipated to register nearly 2 percent CAGR during 2016 to 2024 (forecast period). This signifies considerable market expansion in the same period. Growing end-users, such as industrial and automotives across developing nations, like China and India, should account for the same. These products are highly popular due to their favorable properties as against conventional lubricants.

Some of these properties include wear & tear protection and outstanding thermal stability. These coupled with heavy ‘load holding’ & low ‘friction’ features are also likely to drive market growth in the near future. Innovative technologies, such as ester-based fire-resistant oils are incorporated across different industries & sectors. Moreover, several major OEMs have imposed food lubrication NSF standards to adopt PAO products in beverages, nutrition, & food sectors.

Browse Details of Report @

https://www.hexaresearch.com/research-report/synthetic-lubricants-industry

All these factors can open novel market prospects. However, a primary market restraint involves high prices of these products in comparison to their mineral counterparts. Additionally, rising consumption of mineral oils, particularly in India & China, will have a negative market impact over the forecast period. Also, inaptness of PAOs with PAG & other conventional mineral oils may hinder the market in the eight years ahead.

Expanding automotives& urbanization could also propel market sales. Favorable properties of these lubricants augur well for the synthetic lubricants market. The market is fragmented by products, applications, and geographies. Products consist of esters, PAG (polyalkylene glycol), group 3 (hydrocracking), and polyalphaolefin (PAO). PAO reigned recently and is expected to continue likewise till 2024.

Comments:
1 blogger(s) are following this post, but not you. Follow?
No comments yet.
 
Post a Comment:

 
Related Posts: