Global Synthetic Lubricants Market Growth 2025-2031

Global Synthetic Lubricants Market Growth 2025-2031

The global Synthetic Lubricants market size is predicted to grow from US$ 62430 million in 2025 to US$ 92350 million in 2031; it is expected to grow at a CAGR of 6.7% from 2025 to 2031.

Synthetic lubricants are a combination of synthetic base oil plus thickeners and additives that will give the grease or oil lubricant a number of performance advantages over conventional mineral based lubricants.

Synthetic lubricants are artificially made or synthesized from compounds found in other source, such as petroleum oil, gas, or reactions of acids and alcohols.

Commonly, synthetic lubricants can be classified as full-synthetic lubricants and semi-synthetic lubricants according to base oil used. In this report, both of the two kinds will be analyzed and counted.

Global Synthetic Lubricants key players include Exxon Mobil, Shell, BP Castrol, Chevron, Total, etc. Global top five manufacturers hold a share nearly 40%.

USA is the largest market, with a share about 40%, followed by China, and Europe, both have a share about 45 percent.

LP Information, Inc. (LPI) ' newest research report, the “Synthetic Lubricants Industry Forecast” looks at past sales and reviews total world Synthetic Lubricants sales in 2024, providing a comprehensive analysis by region and market sector of projected Synthetic Lubricants sales for 2025 through 2031. With Synthetic Lubricants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Lubricants industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Lubricants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Lubricants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Synthetic Lubricants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Lubricants and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Lubricants.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Lubricants market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Poly-alpha-olefin (PAO)
Poly-alkylene-glycol (PAG)
Di-basic acid ester (Di-Ester)
Polyol-Ester
Silicone
Others

Segmentation by Application:
Industrial Lubricants
Commercial Vehicles
Passenger Car
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Exxon Mobil
Shell
BP Castrol
Chevron
Total
Idemitsu Kosan
BASF
Fuchs
Ashland Valvoline
JX
Lukoil
Petronas
Chemtura
Amsoil
Pertamina
CNPC
Sinopec
Delian Group
Original Chemical
LOPAL
GAOKE PETROCHEMICAL
COPTON

Key Questions Addressed in this Report

What is the 10-year outlook for the global Synthetic Lubricants market?

What factors are driving Synthetic Lubricants market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Synthetic Lubricants market opportunities vary by end market size?

How does Synthetic Lubricants break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.