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Synthetic Lubricants & Functional Fluids to 2015

Synthetic Lubricants & Functional Fluids to 2015

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Published by linda3395

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Published by: linda3395 on Feb 23, 2012
Copyright:Attribution Non-commercial


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Synthetic Lubricants & Functional Fluids to 2015
This study analyzes the US synthetic lubricant and functional fluid industry. It presentshistorical demand data (2000, 2005, 2010) and forecasts for 2015 and 2020 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 andequipment, metal fabrication, energy/power generation). The study also considers marketenvironment factors, details industry structure, evaluates company market share andprofiles industry competitors.
US demand to reach $7.6 billion in 2015
 Demand for synthetic lubricants and functional fluids is forecast to reach $7.6 billion in2015, expanding the share of the overall lubricant market held by synthetic products.Advances will be propelled by the higher performance requirements of modern equipment,as well as increasingly stringent environmental standards. Gains will also be fueled by theincreased availability of high quality basestocks due to growing investment in new basestockcapacity, both in the US and overseas. As the supply of these materials expands, originalequipment manufacturers (OEMs) are becoming more willing to recommend the use of highperformance synthetic products, particularly as OEMs make steps toward globalspecifications.
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February 2012
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 Price: Single User License
US$ 4900Engine oil to remain fastest growing product
 Engine oil will remain the fastest growing product type through 2015. These lubricantsprimarily find use in automotive applications and will therefore benefit from a rebound inmotor vehicle output from the declines of the 2005-2010 period, as well as continued gainsin the number of motor vehicles in use. The adoption of the GF-5 and API SN engine oilspecifications in 2010 and the development
of General Motors’ proprietary DEXOS1 certified
engine oil will further promote gains. Such standards have been created to enhance fuelefficiency and reduce engine emissions, thus helping OEMs to comply with emissionsregulations and corporate average fuel economy standards. In addition to GM, which nowrequires synthetic motor oil for nearly all of its vehicles, other leading vehicle manufacturerssuch as Toyota and Honda are also making the transition. This will drive demand forsynthetics in the engine oil market through the forecast period.

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