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Synthetic Lubricants Market To 2020- Industry Trends Custom Miami Dolphins Jerseys , Forecast: Grand View Research, Inc. Business Articles | May 17, 2016

New Market Research Reports Title “ Synthetic Lubricants Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Report Database



The global market for synthetic lubricants is expected to reach USD 5.54 billion by 2020, according to a new study by Grand View Research, Inc. Increasing penetration in automobile applications is expected to be a key driving force for the market Throwback Miami Dolphins Jerseys , particularly in light of positive automotive outlook in India, China, South Korea and Brazil. Endorsement of synthetic oil manufacturers by OEMs is further expected to product boost demand over the forecast period. However, the high cost of synthetic oils in comparison to their mineral counterparts is a key challenge for the development of the market.


Engine oils were the largest application segment accounting for 39% of market revenue in 2013. The growing awareness of benefits of synthetic lubricants in terms of engine efficiency is expected to be a key driving factor for the development of the market. Another key application market for synthetic oils was heat transfer fluids in heat exchangers and heavy machinery.


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Further key findings from the study suggest:

Global synthetic lubricant demand was 678.1 kilo tons in 2013 and is expected to reach 823.3 kilo tons by 2020, growing at a CAGR 2.90 % from 2014 to 2020. Europe was the largest regional market accounting for 263.5 kilo tons of synthetic lubricant demand in 2013. However Authentic Miami Dolphins Jerseys , Asia Pacific is expected to witness fastest growth at an estimated CAGR of 3.33% in terms of volume owing to the growing automobile and industrial market in the region. Group IV (PAO) based lubricants were the largest product segment, with demand exceeding 454 kilo tons in 2013. The compatibility of these oils with other mineral oils is a key driver for the development of the market. PAG and Ester based oils offer superior performance as compared to PAO based oils but are significantly expensive resulting in relatively low demand share. The global synthetic lubricants market is fragmented with large number of manufacturers present globally. Key participants include Shell, British Petroleum, Exxon Mobil, Valvoline Miami Dolphins Jerseys For Sale , Total and Chevron among others.

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For the purpose of this study, Grand View Research has segmented the global Synthetic Lubricants market on the basis of application, product and region:

Synthetic Lubricants Product Outlook (Volume, Kilo tons; Revenue, USD Million Cheap Miami Dolphins Jerseys , 2012 - 2020)
? ??? ??? ??• PAO (Polyalphaolefins)
? ??? ??? ??• Ester
? ??? ??? ??• PAG (Polyakylene glycol)
? ??• Synthetic Lubricants Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)?
? ??? ??? ??• Engine Oils
? ??? ??? ??• HTF
? ??? ??? ??• Transmission Fluids
? ??? ??? ??• Metalworking Fluids
? ??? ??? ??• Others
? ??• Synthetic Lubricants Regional Outlook (Volume, Kilo tons; Revenue DeVante Parker Dolphins Jersey , USD Million, 2012 - 2020)?
? ??? ??? ??• North America?
? ??? ??? ??• Europe?
? ??? ??? ??• Asia Pacific?
? ??? ??? ??• RoW

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Process Spectroscopy Market Sales | Supply and Demand | Forecast To 2025

by rahulkumar38471 · January 21, 2019


Global Process Spectroscopy Market is estimated to reach USD 25.10 billion by 2025 owing to the increasing acceptance of several spectroscopy techniques. Spectroscopy is the interaction between electromagnetic radiation and the matter. Process spectroscopy is the use of spectroscopy to achieve real-time data to monitor and enhance a manufacturing process. This technique is used for various applications according to unique regulations and standards from different regulatory organizations.


Process spectroscopy market is driven by factors like increasing demand for superior quality manufactured goods, efforts taken by food and healthcare industry to enhance their manufacturing processes, and improved quality standards. Moreover Cordrea Tankersley Dolphins Jersey , increasing regulations from government concerning safety principles and mandatory rules for implementing them are expected to fuel the market growth of process spectroscopy. Properties of process spectroscopy like cost-effectiveness and time saving are stimulating the demand for the technique, thereby encouraging process spectroscopy industry.


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However, lack of skilled labor followed by significant initial investment is expected to obstruct the market growth of process spectroscopy. Process spectroscopy market is witnessing opportunities from modernizations in spectroscopic domain since it decreases the total expenditure of product investigation and marketing by manufacturers.


Process spectroscopy industry is categorized on the basis of technology, end user, and geography. On the basis of technology Charles Harris Dolphins Jersey , the market is divided into Raman spectroscopy, infrared (NIR) spectroscopy, Fourier transform infrared (FT-IR) spectroscopy, etc. Infrared (NIR) spectroscopy led the market earlier in terms of revenue. Among all, Raman spectroscopy market is expected to hold larger market share of process spectroscopy owing to its increasing popularity and acceptance in food Kalen Ballage Dolphins Jersey , agriculture and pharmaceutical industry.

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