Demand for synthetic lubricants and functional fluids is forecast to climb 8.6 percent per year to $7.4 billion in 2015. Engine oil will remain the fastest-growing product type. Group III base oils and polyalphaolefins (PAOs) will be the fastest growing materials. The vehicle and equipment market will remain by far the largest outlet.
This study analyzes the $4.9 billion US synthetic lubricant and functional fluid industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by product (e.g., heat transfer fluids, engine oils, transmission and hydraulic fluids, metalworking fluids, dielectric fluids), material (e.g., glycols, PAOs, group III base oils) and market (e.g., vehicles and equipment, energy/power generation, metal fabrication, process industries).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 26 industry competitors, including Exxon Mobil, BP and FRAM Group.
