What Is Synthetic Lubricants? What Are Their Types?
Synthetic
lubricants are produced with a combination of low molecular-weight materials
with a chemical reaction to produce materials with a high molecular-weight. The
chemical reaction helps to provide synthetic lubricants with uniform
consistency and targeted performance properties. Mineral-based lubricants do
not exhibit the consistency and uniformity like synthetics lubricants exhibit,
nor do they have the performance properties. Synthetic lubricants are generally
wax-free; thus they can be used at very low temperatures. Moreover, synthetic
lubricants are customized and the molecular sizes are kept more uniform than
mineral-based products which help to provide greater film strength and
lubricity than mineral oils.
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| Synthetic Lubricants |
The
Prominent players Includes are BP plc,Chevron Corporation ,China Petroleum
& Chemical Corporation,Exxon Mobil Corporation,Fuchs Group ,Idemitsu Kosan
Co. Ltd. ,Lukoil ,Petroliam Nasional Berhad (PETRONAS),Royal Dutch Shell
plc,Total SA.
Increasing
industrialization in emerging economies and growing automotive industry are the
major factors boosting the demand for synthetic lubricants. Moreover, the high
focus of the key players on research & development coupled with
advancements in synthetic lubricants technologies further propel the growth of
the synthetic lubricants oil market. The synthetic lubricant has found in
various applications such as engine oil, process oil, hydraulic oil, marine
lubricants, metalworking fluids and others. Increasing in demand for automotive
is likely to drive the global synthetic lubricant market growth. However, high
investment in research & development and synthetic lubricant products are
the key factors restraining the growth of the market. Likewise, there are ample
of opportunities synthetic lubricant market as large numbers of industries are
coming up in future.
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