Asia Pacific Synthetic Lubricants Market Size & Outlook
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Asia Pacific synthetic lubricants market highlights
- The Asia Pacific synthetic lubricants market generated a revenue of USD 7,723.0 million in 2022.
- The market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, pao was the largest revenue generating product in 2022.
- PAO is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 7,723.0 million |
| Market revenue in 2030 | USD 11,080.3 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Pao |
| Fastest growing segment | PAO |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PAO, Esters, PAG |
| Key market players worldwide | BP PLC, Chevron Corp, Lanxess AG, Valvoline Inc, Fuchs SE ADR (Representing Pref. Shares), Shell PLC, Phillips 66, Eni SpA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.1% of the global synthetic lubricants market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,080.3 million by 2030.
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Synthetic Lubricants Market Scope
Synthetic Lubricants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Phillips 66 | View profile | 14000 | 2331 CityWest Boulevard, Houston, TX, United States, 77042 | https://www.phillips66.com |
| Valvoline Inc | View profile | 9600 | 100 Valvoline Way, Suite 100, Lexington, KY, United States, 40509 | https://www.valvoline.com |
| Eni SpA | View profile | 33142 | 1, Piazzale Enrico Mattei, Rome, Italy, 00144 | https://www.eni.com |
| Fuchs SE ADR (Representing Pref. Shares) | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| BP PLC | View profile | 87800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | https://www.bp.com |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
Asia Pacific synthetic lubricants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic lubricants market will help companies and investors design strategic landscapes.
Pao was the largest segment with a revenue share of 55.53% in 2022. Horizon Databook has segmented the Asia Pacific synthetic lubricants market based on pao, esters, pag covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Synthetic Lubricants Product Outlook (Revenue, USD million, 2018-2030)
- PAO
- Esters
- PAG
- Asia Pacific Synthetic Lubricants Application Outlook (Revenue, USD million, 2018-2030)
- Engine Oil
- Heat Transfer Fluids (HTF)
- Transmission Fluids
- Metalworking Fluids
- Others
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Target buyers of Asia Pacific synthetic lubricants market databook
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Our clientele includes a mix of synthetic lubricants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific synthetic lubricants market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific synthetic lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific synthetic lubricants market size, by country, 2018-2030 (US$M)
Asia Pacific Synthetic Lubricants Market Outlook Share, 2022 & 2030 (US$M)
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