Synthetic Lubricants Market Overview by Production Process, Product Properties, Development, Growth, Demand, Supply Chain, Competition, Key Players & Forecast 2019-2025
The global synthetic lubricants market size was calculated to be worth USD 4.69 billion in 2018 and is projected to reach USD 6.76 billion by 2025. The increasing automotive industry and industrialization in the Asia-Pacific region is propelling the global synthetic lubricants industry. In addition to that, the unique properties of PAG synthetic lubricants such as high viscosity indexes, water solubility and bio-degradability are also key contribution factors to the market growth.
View full press release