Super Absorbent Polymer Market 2018: Top Key Players, Growth and Analysis by Forecast 2021

Market Research Future Published a Half Cooked Research “Global Super Absorbent Polymer Market Research Report- Forecast to 2021” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2021.

NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO.,LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany), Formosa Plastics Corporation (Taiwan), Kao Corporation (Japan), Evonik Industries AG (Germany), LG Chem (South korea), SONGWON (South Korea), Sanyo Chemical Industries, Ltd. (Japan) among others are some of the prominent players at the forefront of competition in the Global Super Absorbent Polymer Market and are profiled in MRFR Analysis.

Super Absorbent Polymer Market – Market Overview
Super Absorbent Polymers are a special type of polymer that has the ability to retain and absorb water and other aqueous solutions. The absorbency of super absorbent polymer (SAP) depends on the cross-linkers used in the manufacturing of the gel. Low density cross linked super absorbent polymers has more absorbent capacity. The excellent absorbing qualities of finds its way into many end user industries such as personal care, building and construction, food packaging and others. The growing construction in the developing region throughout the globe coupled with the increasing demand from the agricultural sector are the major driver contributing to the market growth.
The Global Super Absorbent Polymer Market can be segmented on the basis of type and end-user industry. Among the end user industry personal care is expected to be the dominant segment. The growing demand for super absorbent polymers in diapers, female hygiene products, adult incontinence products and similar application are significantly contributing to the growth of the segment. In addition to the, agriculture is expected to be the fastest growing segment during the forecast years.

According to the analysis of MRFR, the major market forces and trends driving growth of the global super absorbent polymer Market includes growing demand from agriculture and personal care industry.  Moreover, the growing population in the developing nations has augmented the demand for agricultural produce which in turn is expected to positively affect the market owing to its extensive use as water conservation technique throughout the globe.

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Super Absorbent Polymer Market- Competitive Landscape
The Global Super Absorbent Polymer Market is a highly lucrative market driven by flourishing demand for contruction, healthcare products along with the increasing use in the agricultural sector. NIPPON SHOKUBAI CO., LTD (Japan), SUMITOMO SEIKA CHEMICALS CO., LTD. (Japan), Yixing Danson Technology (China), BASF SE (Germany) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion and product launch tactics to strengthen their production capacities and market position. Taking account of these trends, the global super absorbent polymer Market is projected to witness considerable competition over the forecast period of 2017-2021.

Asia pacific is expected to be the fastest growing region during the forecast years. The growing population in the developing countries especially India and china has augmented the demand for personal care which is a major factor driving the market in the region. Moreover, the presence of agrarian economies such as India and China has further added to the market demand owing to the growing use of super absorbent polymer as seed coating material, root dipping and excellent water conservation technique among others.

Industry/ Innovation/ Related News:
30 May, 2017- Sumitomo Seika Chemicals co, Ltd, has decided to expand their super absorbent polymer production facilities in South Korea. They invested around 8 billion yen to increase their production capacity form 59000 ton per year to a total of 118000 tons a year. This expansion is expected to stable the supply of super absorbent polymer in Asia Pacific thereby adding to the market growth.

26 December, 2017- LG chem Ltd, is expected to increase their production capacity of acrylic acid and super absorbent polymer by the end of 2019. They South Korean company invested 300 billion dollar for the same. The production expansion is expected to increase the yield of super absorbent polymer form 100000 tons per year to 500000 tons per year. This expansion is anticipated to further surge the market of super absorbent polymers in the Asia Pacific region.

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Bioplastic Market 2018: Company Profiles, Segments and Demand by Forecast to 2022

Market Research Future Published a Half Cooked Research “Global Bio Plastic  Market Research Report- Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.

The major players operating in the Global Bio Plastic Market are Novamont SPA, Metabolix Inc., BASF SE, Natureworks LLC, Corbion, Cardia Bioplastics, Biome Technologies PLC, Toray Industries Inc., Evonik Industries, E.I. du Pont de Nemours, and Company. Others include BioApply Polymers, NatureWorks LLC, BioSphere Plastic, Dow Plastics, Cereplast, Solvay SA, Techno-Polymer Company Limited, and RTP Company. Others are some of the prominent players at the forefront of competition in the Global Bio Plastic Market and are profiled in MRFR Analysis.

Bio Plastic Market– Market Overview
Bio Plastics are a type of plastic derived from renewable biomass sources such as corn, starch, micro biota, and vegetable fats and oils. Bio Plastics can also be produced from the agricultural by- products and also from containers, and plastic bottles with the help of microorganisms. Unlike bio plastics common plastic are derived from fossil fuels which is a nonrenewable source and are also harmful for the environment due to the high emissions of greenhouse gases. Bio plastics are mainly derived from sugar derivative sources such as starch, lactic acid, cellulose among others. They have many application in industries such as packaging, bottle manufacturing, automobiles, textiles, building and construction, electronics among others.

According to the analysis of MRFR, the major market forces and trends driving growth of the Global Bio Plastic Market includes growing environmental awareness amongst the population and increasing use of bio plastics in various industries such as packaging, automobiles, building and construction, amongst others. Moreover, the inclination to shift towards renewable products owing to its low emission coupled with the depletion of fossil fuels are another factor contributing to the market growth. Furthermore, the developing countries for the strive to become energy sufficient are shifting towards the use of renewables for the production process. The stringent government regulation for the green house emission coupled with the encouragement to adapt environment friendly products is also expected to surge the market growth in the forecast years.

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Bio Plastic Market- Competitive Landscape
The Global Bio Plastic Market is a highly lucrative market driven by flourishing advances and demand from the packaging industry along with the increasing application in the bottle manufacturing and automotive industry among others. Novamont SPA, Metabolix Inc., BASF SE, Natureworks LLC, Corbion Purac, Cardia Bioplastics, among others are some of the prominent players operating in the market. Most of these market participants are adopting the innovation and product launch tactics to strengthen their production capacities and market position. Taking account of these trends, the global Bio Plastic market is projected to witness considerable competition over the forecast period of 2017-2022.

Asia pacific followed by Europe and North America are the dominant regions in the market of bio plastic during the forecast period. Asia pacific is the fastest growing market and is expected to show the same trend during the forecast years. The growing urbanization and industrialization in the developing economies of the region mainly China and India has propelled the growth of various end use industries such as packaging, automotive, automobile and other manufacturing industries which in turn is substantially adding to the growth of the market.  Moreover, the need for energy sufficiency to cater the growing population coupled with the development in technology are other contributing factors to the market. Europe and North America are dominant regions for the market of Bio Plastic. The stringent government regulation for the reduction of greenhouse emission coupled with the increasing adoption of environment friendly methods are the major factor for the positive growth of the market.

Industry/ Innovation/ Related News:
April 11, 2016- The LEGO group joined the bio plastic feedstock (BFA) alliance journey for of motive of achieving their target using sustainable packaging materials for their core products by 2030. The BFA will provide full support to the LEGO group to work and reduce the carbon footprint and achieve their target by the desired year.

September 18, 2017-  Lactips a French startup of biodegradable thermoplastics, has won the funding of 1.5 million euros from the European Union’s H2020 SME to continue its research and development on producing bio based plastic from milk protein.

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Coated Paper Market 2018: Share, Competitor Strategy, Trends, Forecast to 2022

Market Research Future published a Half Cooked Research Report on “Global Coated Paper Market Research Report - Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Stora Enso Oyj, Nippon, Sappi Ltd, UPM-Kymmene Corp, Arjowiggins SAS, Asia Pulp & Paper Co. Limited, Verso Corporation, Imerys S.A., Penford Corporation, Burgo Group S.p.A. among others are some of the prominent players at the forefront of competition in the Global Coated Paper Market and are profiled in MRFR Analysis.

Coated Paper Market – Overview
Coated Paper are predominantly utilized in numerous application such as packaging, printing, and labelling.  Coated Paper Market is estimated to witness moderate growth due to their wide utilization in end use industries as they possess excellent properties. Moreover, increasing trend for bio-based and degradable packaging along with strict regulations on the usage of plastic packaging in various countries have provided a new momentum for the growth of the market. Among application segment, printing is expected to register strong growth in the upcoming future due to rising demand in media advertisement such as brochures, catalogues, invitation cards, and pamphlets. In addition, among the product type segment, coated fine accounted for the largest market share in 2016 in terms of value and volume on account of wide utilization in advertising materials.

Geographically, Asia Pacific emerged as the largest market for Coated Paper in 2016 and is estimated to retain its dominance over the assessment years on account of increasing demand from printing as well as labelling industry. In addition, Asia Pacific is expected to witness healthy growth on account of  rising demand from various end use industries specifically in China, India, Japan, Vietnam, Thailand, Malaysia, Taiwan, and South Korea. Furthermore, rising per capita disposable income in this region along with rapid industrialization has enabled greater production and sales of printing products. Moreover, increasing demand for packaged food along with increasing number of working professionals is expected to drive the market growth. Moreover, increased investment by key players in their R&D activities and shifting of coated paper manufacturing facilities due to availability of inexpensive cost of labor and land in this region is estimated to drive the coated paper regional market growth. Europe is estimated to witness steady growth due to continuous growth of packaging industry in various countries such as Germany, Italy, Spain, and UK. North American market is estimated to register healthy growth due to increasing demand from end use industries. The Middle Eastern & African market is expected to register above average growth due to continuous growth of packaging industries specifically in Qatar, Turkey, the United Arab Emirates, Oman, and Saudi Arabia. Latin American countries such as Brazil, Argentina, and Mexico is estimated to register moderate growth due to rising disposable income along with strong consumer base for printing and labelling sector.

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Industry/ Innovation/ Related News:
February 2017- Shurtape Technologies LLC, one of the leading manufacturer of pressure sensitive tapes announced the acquisition of Syntac Coated Products, LLC. With this acquisition, the company together provide a wide range of product portfolio which includes cloth and duct, film, packaging, foil, masking and paper and other.

February 2017- Cascades Sonoco joint venture announced to invest around USD 16 million at its Birmingham facility, Alabama, U.S. This investment bring the installation of new equipment and is expected to produce 40,000 to 50,000 tons of sustainable coated materials per annum.

March 2016- Huhtamäki established an agreement to expand the joint venture relationship with Olayan Saudi Holding Company in Arabian Paper Products Company. With this announcement the company is planning to expand its footprint in Gulf Cooperation Council (GCC) countries such as Kuwait, Bahrain, the United Arab Emirates, Qatar, Oman, and Saudi Arabia among others.

November 2016- Expera Specialty Solutions announced to enhance its Rhinelander operations at its former printpack building. This expansion is predicted to allow Expera to bring new coater technology for their manufacturing process.

Competitive Landscape
The Coated Paper report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global coated paper market comprises a range of manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global Coated Paper industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, and Japan. Moreover, the major operating players are focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their manufacturing capacity of coated paper to meet the growing demand for coated paper. Furthermore, some of the manufacturers has launched a series of product to strengthen their position in the market.

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Specialty Polyamide Market 2018: Company Profiles, Segments and Demand by Forecast to 2022

Market Research Future Published a Half Cooked Research “Global Specialty Polyamide Market Research Report - Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.

Evonik Industries AG, BASF SE, Arekma SA, Asahi Kasei Corporation, Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, LG Chem, Ltd., Solvay S.A., INVISTA S.à r.l., and Radici Group  among others are some of the prominent players at the forefront of competition in the Global Specialty Polyamide Market and are profiled in MRFR Analysis.

Specialty Polyamide Market–Market Overview
The Global Specialty Polyamide Market has been estimated to register a significant growth on account of increasing demand from the transportation sector on the backdrop of expanding global trade and consumer goods. The primary factors driving growth of the market are the rising use of the light weight vehicles, growing demand for light weight, heat resistant and durable coating material in numerous industrial applications. The global automotive market is estimated to grow at higher CAGR to reach over USD 90 billion revenue in 2017. The production and use of light weight cars and other automotive, as projected by Morgan Stanley analysts, is set to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year.

This is projected to boost demand for the specialty polyamide in manufacturing light yet durable parts for an automotive. Additionally, there is growing demand for the demand for organic materials which is expected to rise globally due to the rising prices of petrochemical-based raw materials. Bio-based polyamides are a high-quality alternative to substitute petro-based materials. They can be used in automotive, electronics, and consumer goods applications. As a result, it has been projected that in future the demand of specialty polyamide may surge manifolds. Moreover, surging demand for and use of consumer goods and electronic devices is expected to further boost growth of the market.

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Specialty Polyamide Market- Competitive Landscape
The Global Specialty Polyamide is a mature market with significant number of major players operating into the market. The market is driven by flourishing construction, automotive and sports equipment industry. The market is greatly concentrated by the presence of number large players yet, Evonik Industries AG, BASF SE, Arekma SA, and Solvay S.A are the key manufacturers in this market. Almost all of these market participants are primarily adopting the expansion and product launch tactics to strengthen their market position. Growing automotive industries, and continuous rising demand for sports goods and equipment, along with the collaborations and agreements between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for specialty polyamide. Taking all these trends under consideration, the Global Specialty Polyamide Market is likely to witness considerable competition over the forecast period of 2017-2022.

Industry/ Innovation/ Related News:
September 19, 2017- Germany based chemical giant BASF SE and Belgium based chemical major Solvay S.A. has entered into a binding agreement for a USD 1.9 billion. Under the agreement BASF SE acquired the polyamide business of Solvay SA. This will complement BASF’s engineering plastics portfolio as the will be integrated into the performance materials and monomers division of BASF SE.

October 11, 2017- BASF SE, the Germany based chemical giant, has developed new semi-transparent product portfolio of polyamide 6 and 66 grade product range called Ultramid. It is the plastics are resistant to heat aging up to 220°C and show excellent burst pressure and weld strength.

February 11, 2016- Evonik Industries, the Germany based speciality chemicals, announced its plans to build a new production line for special polyamide 12 powder (PA12), named VESTOSINT, in Marl (Germany), under the Resource Efficiency Segment. This helped the company to increase the existing annual capacity for polyamide 12 powders by 50 per cent. Due to their mechanical properties and chemical resistance as well as the high melting point of finished products, PA12 powders are particularly suitable for use in powder-based 3D printing processes such as selective laser sintering (SLS), high-speed sintering (HSS), and fibre composite materials represent another growth field.

October 6, 2017- The France based specialty chemicals and advanced materials manufacturing company Arkema announced a price increase for its specialty polyamide resins. This move is taken by the company on the backdrop of a combination of increasing raw material costs, increasing compliance costs and an ambitious investment plan required to sustain company’s ability to supply rapidly growing global markets.

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Sulfuric Acid Market 2018–Share, Growth, Key Players, Trends and Forecasts 2022

Market Research Future Published a Half Cooked Research “Global Sulfuric Acid   Market Research Report - Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.    

Agrium, Akzo Nobel, Bayer, Bp, Chevron, Cytec Industries, Dupont, Evonik Industries, Honeywell and Solvay, PVS Chemical Solutions, Chemtrade Logistics and among others are some of the prominent players at the forefront of competition in the Global Sulfuric Acid Market and are profiled in MRFR Analysis. 

Sulfuric Acid Market – Market Overview

Sulfuric Acid is a mineral acid and is one of the largest volume industrial chemical produced across the globe. Fertilizer production, especially phosphate fertilizer from wet-process sulphuric acid, is the major end use market fort Sulfuric Acid. The major application area of sulphuric acid covers fertilizers, chemical manufacturing, refinery, textile, pulp & paper manufacturing, metal processing and others. 

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Agricultural economies holds the greater importance in this market, as fertilizer production considered as a key focused area for the consumption of sulpfuric acid.  Increasing demand for fertilizer to attain the higher agriculture yield had a significant impact on this market over the past few years and set its uplifted usage in the coming years. China, alone acquired almost half of the global market in terms of sulphuric acid production resulting into domination of Asia Pacific over the global market. In addition to this, fertilizer consumption of India represents massive number on account of presence of large agriculture base and is driving the demand for Sulphuric Acid. Apart from the, automotive industry expected to provide higher gains to key industry players in this market during the forecast period. This is due to use of sulfuric acid in the automotive batteries which has triggered automotive application of sulfuric acid. However, volatility in the raw material prices and growing consumption of phosphate based fertilizer limited the growth scope of this market. 

Sulfuric Acid Market- Competitive Landscape

Global Sulfuric Acid Market is highly concentrated as well fairly competitive in nature. The key industry participants operating in this market are Agrium, Akzo Nobel, Bayer, BP, Chevron, Cytec Industries, Dupont, Evonik Industries, Honeywell and Solvay. The major companies in this market are seen adopting collective market strategies to such as mergers, acquisition and joint-ventures in order to consolidate their product portfolio and to strengthen their market presence. Several production capacity expansion has also witnessed across the various developed markets to strengthen market penetration into emerging markets and exploit untapped markets. The overall effect of market competition observed in global sulphuric acid market is observed as high and is expected to get even higher due consistent increase in the production activities. 

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Industry/ Innovation/ Related News:

May 18, 2017- Yidu Xingfa Chemical and DuPont tied in an agreement for an engineering and technology license for a 3,600 Mtpd MECS MAX3 sulfuric acid plant. The collective effort has taken to build one of the largest sulfuric acid plant in China in order to cater the ongoing demand. Xingfa is expanding its existing site, located in the Hubei province near Yichang city, with the aim of roughly doubling the phosphate fertilizer capacity. The new MECS MAX3 sulfuric acid plant will process 1.2 MMtpy of sulfuric acid, as well as support the production of an additional 400,000 tonnes/yr of phosphoric acid, 400,000 tonnes/yr DAP and 35,000 tonnes/yr of potassium phosphate monobasic. The overall expansion activity expected gain market effectiveness while bridging the demand supply gap of sulfuric acid. 

October 10, 2017- Indian Farmers Fertiliser Cooperative Ltd and Jordanian Phosphate Mines Company has formed joint venture to build largest sulfuric acid plant in India. The agreement has undertaken by investing overall amount of USD 860 million. The plant will come as a huge relief to India’s agricultural sector requirements in view of meagre availability of phosphates in India. Phosphoric acid produced at the plant will be exported to the Kandla port in Gujarat from Jordan’s Aqaba port, which is close to the location of the plant. 

November, 2017- Leading chemical industry player BASF has launched new sulfuric acid catalyst. BASF has introduced the new sulphuric acid catalyst O4‑115 Quattro into the market. The new, cesium-based catalyst is unique due to its geometrical shape – a combination of four strands – leading to a 30 percent greater catalytic surface area compared to conventional sulphuric acid catalysts. The newly launched catalyst has 30 % greater catalytic surface area and helps to improve performance during the sulfuric acid production. 

August 31, 2016- Jacobs Engineering Group Inc, Acquires BAYQIK® Sulfuric Acid Converter Technology from Bayer AG. The company has acquired patented technology from Bayer AG, under the term of agreement the overall technology shift includes transfer of relevant Bayer technical, commercial and market information to Jacobs Engineering Group Inc. BAYQIK technology enables more efficient conversion of process gas with high sulphur dioxide concentrations. Therefore, it altogether expected to provide growth offerings in the Jacobs Engineering Group Inc. growth offering. 

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Coating Pretreatment Market 2018 – Challenges, Key Vendors, Drivers and Trends by Forecast 2022

Market Research Future published a Half Cooked Research Report on “Global  Coating Pretreatment Market Research Report - Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022. 

3M Company, Chemetall GmbH, Kansai Paint, Akzonobel, Nippon Paint, PPG Industries, Henkel, Axalta Coating Systems, Sherwin-Williams Company, Nihon Parkerizing and others among others are some of the prominent players at the forefront of competition in the Global Coating Pretreatment Market and are profiled in MRFR Analysis. 

Coating Pretreatment Market – Overview 

Over the past few years Coating Pre-Treatment Market has witnessed prolific growth in terms of consumption and the growth is expected to grow in same trend during the forecast period. Major expansion activities in coating industry is indirectly supporting the demand for pre-treatment coating. Key industry participants in paints & coatings industry are focusing on product innovation thereby developing research activities. Growth in this market is highly characterized by broad application scope covering automobiles, furniture, electronics, industrial & household appliances, agricultural equipment’s and others. 

Industry/ Innovation/ Related News:

December 1, 2017- Axalta announces the expansion of Build New Coating Manufacturing and Logistics Facility in Nanjing, China. The facility will be built on more than 170,000 m2 of land located at Nanjing’s National Chemical Industrial Park (NCIP). The plant is expected to be fully operational by the end of 2020 with a product distribution center and initial manufacturing capability expected to come online by early 2019. Commencement of new plant likely to create new growth offering for pretreatment coatings in the coming years. 

March 2017 – Heubach has announced the construction of new production facility for anticorrosion pigment coating in the U.S.  In order to meet the growing global demand for high-quality and, in particular, zinc-free pigments and to satisfy the individual needs and requirements of customers in North, South, and Central America, Heubach has planned to construct a production facility for anticorrosive pigments coating in the US. With this expansion, company will reach to the production capacity by 4000 t. The expansion activity will be providing new growth opportunity for the coating pretreatment market with additional coating production. 

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December 8, 2016 – BASF expands automotive refinish coatings manufacturing to Asia Pacific. The expansion activity basically will be undertaken in China. The new entity was established as BASF completed the acquisition of the automotive refinish coatings business of Guangdong Yinfan Chemistry Co., Ltd. China was the major automotive producer and produced overall 94 million vehicles as of 2016. Therefore, increasing demand for automotive paints has led to BASF to open new plant in China. To undertake this activity the overall investment made by BASF was USD 172 million and expected to provide new gains for pretreatment coatings. 

October 15, 2017- Vogel Paint Marks expands powder coating manufacturing facility in U.S. Vogel Paint Inc. has completed Phase One of a five-year, $29.3 million expansion plan for its operation located at the company's headquarters in Iowa, the U.S. The first phase of the project involves the doubling of its powder coatings production facility. As the company entered in coating market a decade before and has addressed growth in powder coating segment across the global market. Therefore, they may be further seen developing such expansion plants in the coming years, said by one of the chairperson.  It altogether expected to impact the growth offering for pretreatment coating in a positive manner in the near future. 

Coating Pretreatment Market   - Regional Analysis

Asia Pacific region accounted largest market share in the Global Pretreatment Coating Market and expected to dominate during the forecast period due to rising automotive and aerospace production as well as development activities in this region. China being largest consumer, manufacturer and exporter of pretreatment coating expected to further provide new growth offering and led to retain the dominance of this region. This is due to Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers and are operating in large amount in this market. In addition to this, North America & Europe have witnessed healthy growth in Coating Pretreatment market owing to a growing non-residential repair, renovation and new construction activities in the region. 

Competitive Landscape

The report analyses the degree of competition among the industry players as well as industry growth and market scenario. The global Coating Pre-treatment market is at a growing stage, which represents moderate stats in terms of market value and overall volume. Over the past few years, Coating Pre-treatment market has witnessed healthy demand due to major industrial expansion including automotive, and aerospace. Nevertheless, the degree of competition among the market players is still less owing to limited major market players across the globe. Globally market for Coating Pre-treatment is fragmented and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.

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Synthetic Lubricant Market 2018: Analysis, Key Players, Segments and Opportunities by Forecast to 2023

Market Research Future published a Half Cooked Research Report on “Global Synthetic Lubricant Market Research Report – Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Exxon Mobil Corporation, The DOW Chemical Company, Fuchs Petrolub SE, Total Lubricants, Demitsu Kosan Co. Ltd, BP PLC, Chevron Corporation, Lubrizol Corporation, Pennzoil, Petroliam Nasional Berhad among others are some of the prominent players at the forefront of competition in the Global Synthetic Lubricant Market and are profiled in MRFR Analysis.

Synthetic Lubricant Market – Overview

Synthetic Lubricant are predominantly utilized in numerous end use industries such as construction, power & energy, mining, oil & gas, food processing, automobile, and others. Synthetic Lubricant Market is expected to witness healthy growth due to increasing construction activities and oil & gas activity across the globe.  Among end user segment, automobile is predicted to register healthy growth in the near future due to increasing automotive sales along with increasing consumption of Synthetic Lubricants. Moreover, increasing construction activities in developed and developing countries is estimated to drive the market growth.

Geographically, Asia Pacific emerged as the largest market for Synthetic Lubricant in 2016 and is predicted to retain its dominance over the forecast years due to growing demand from automotive, construction, and oil & gas sector specifically in China, India, Japan, Vietnam, Thailand, Taiwan, and South Korea. In addition, economic growth in this region along with rapid industrialization has resulted in the increased production and sales of automobile which in turn is estimated to drive the demand for synthetic lubricant in the upcoming years. Furthermore, huge investment by major operating players in their Research & Development activities and shifting of Synthetic Lubricant manufacturing facilities as well as significantly increasing end use industries in this region is estimated to propel the Synthetic Lubricant regional market growth. North American market is estimated to witness steady growth due to rising demand from power & energy and oil & gas sector. In North America, U.S. and Canada are among the major contributor in the regional market growth on account of strong growth of food processing and oil & gas sector. Europe is estimated to witness significant growth owing to growing passenger car and heavy vehicle production and sales in various countries such as Germany, Spain, Italy, and UK. The Middle Eastern & African market is expected to register above healthy growth on account of increasing commercial and residential construction activities specifically in Qatar, Turkey, the United Arab Emirates, Oman, and Saudi Arabia. Latin American countries such as Brazil, Argentina, and Mexico is estimated to register moderate growth due to rising per capita disposable income along with strong consumer base for automotive industry. 

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Industry/ Innovation/ Related News: 

March 2017- Petronas Lubricants announced that the company has launched motorcycle lubricant named as Petronas Sprinta with Ultraflex. With this product launch the company will be able to meet the increasing demand for synthetic lubricant.

June 2017– KLONDIKE Lubricants Corporation launched Synthetic Nano Grease in Canada. This product launch will strengthen company’s position among the lubricant manufacturers.

June 2017– ExxonMobil, one of the leading manufacturer of lubricants announced that the company completed its expansion project in Jurong to raise the manufacturing of grease and synthetic lubricants. With this expansion, the company strengthen its manufacturing capabilities and will be able to meet the increasing demand for grease and synthetic lubricants products in Asia Pacific region.

September 2017- GP Petroleums, a subsidiary of Petrochem Group launched Repsol’s synthetic motorcycle oils in India. With this product launch the company is planning to expand its footprint in the Asia Pacific region.

May 2016– PetroChoice, one of the leading provider of lubrication solution acquired Universal Lubricants’ new oil business. With this acquisition the company added 15 distribution locations, this helps the company to expand their geographic reach and solidifies its position as the largest bulk lubricant distributor in the United States.

May 2016– JX Nippon Oil & Energy announced two distribution partnership to expand its reach in the different location of U.S. The company main focus is to meet the increasing demand for synthetic lubricant.

Competitive Landscape:

The Synthetic Lubricant Report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global synthetic lubricant market comprises of various manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global synthetic lubricant industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, and Japan. Moreover, the major operating players are focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are expanding their manufacturing capacity of synthetic lubricant to meet the growing demand for synthetic lubricant. Furthermore, some of the manufacturers has launched a series of product to strengthen their position in the market.

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