Synthetic Lubricants Market to be Worth $23.4 Billion by 2030: Grand View Research, Inc.
Several functional benefits associated with PAO-based synthetic lubricants such as anti-wear and varnish control properties have fueled their usage in various industrial applications.
- Several functional benefits associated with PAO-based synthetic lubricants such as anti-wear and varnish control properties have fueled their usage in various industrial applications.
- This is expected to augment demand for engines, in turn, driving the demand for synthetic lubricants in engine oil application.
- The growing natural gas production in GCC is also driving the demand for synthetic lubricants in the market.
- Grand View Research has segmented the global synthetic lubricants market on the basis of product, application, and region:
Synthetic Lubricants Market -Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)