US demand for synthetic lubricants and functional fluids will expand 3.2 percent annually through 2013. Engine oils and hydraulic and transmission fluids will grow the fastest as synthetics finally begin to penetrate the medium- and heavy-duty truck market and expand market share in the light vehicle segment.
This study analyzes the $4.1 billion US synthetic lubricant and functional fluid industry. It presents historical demand data (1998, 2003, 2008) and forecasts for 2013 and 2018 by fluid type (e.g., engine oils, heat transfer, hydraulic and transmission, metalworking, dielectric), material (e.g., glycols, polyalphaolefins, group III base oils) and market (e.g., vehicles and equipment, metal fabrication, energy/power generation).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 25 industry competitors, including Exxon Mobil, Shell and Ashland.