Global Synthetic Ester Lubricant Market Size To Exceed USD 11.25 Billion By 2035 | CAGR of 5.16%
Category: Chemicals & MaterialsGlobal Synthetic Ester Lubricant Market Size To Exceed USD 11.25 Billion By 2035 | CAGR of 5.16%
According to a Research Report Published by Spherical Insights & Consulting, the Global Synthetic Ester Lubricant Market Size is Expected to Grow from USD 6.47 Billion in 2024 to USD 11.25 Billion by 2035, at a CAGR of 5.16% during the forecast period 2025-2035.
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Browse 289 Market Data Tables And 45 Figures Spread Through 128 Pages and In-Depth TOC On the “Global Synthetic Ester Lubricant Market Size, Share, and COVID-19 Impact Analysis, By Viscosity Grade (ISO VG 32, ISO VG 46, ISO VG 68, ISO VG 100, and Others), By Performance Level (Standard, High Performance, and Ultra-High Performance), By Application (Engine Oils, Metalworking Fluids, and Industrial Applications), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.” Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/synthetic-ester-lubricant-market
The synthetic ester lubricant market refers to the market focusing on the production and application of lubricants based on synthetic ester base oils. Synthetic ester lubricants are man-made fluids formulated with synthetic ester base oils, manufactured from carboxylic acids and alcohols. Esters are generally considered good boundary lubricants because they associate with metal surfaces and reduce the amount of metal-to-metal contact during sliding motion. Further, they are suitable for high-temperature hydrodynamic applications as they survive in extreme environments where no other lubricant can. Development of biodegradable and environmentally friendly formulations that cater to an increasing demand for sustainable products is bolstering the market growth opportunities. The growing need for high-performance lubricants in the automotive, industrial, and aerospace sectors is driving the market. The contribution of synthetic esters towards sustainability, as they may decrease dependency on fossil resources, and contribute to fuel economy improvement and reduction of CO2 emissions, is propelling the market growth. On the contrary, the availability of synthetic ester lubricant-based oil alternatives like PAOs (polyalphaolefins) and vegetable oils is hindering the synthetic ester lubricant market.
The ISO VG 32 segment dominated the market with a significant share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the viscosity grade, the synthetic ester lubricant market is divided into ISO VG 32, ISO VG 46, ISO VG 68, ISO VG 100, and others. Among these, the ISO VG 32 segment dominated the market with a significant share in 2024 and is projected to grow at a substantial CAGR during the forecast period. ISO VG 32 synthetic ester lubricant is specifically formulated for refrigeration and air-conditioning compressors, providing effective wear protection for steel and aluminium surfaces for increased system life and improved efficiency. The widespread application of ISO VG 32 synthetic ester lubricant is driving the market.
The ultra-high performance segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the performance level, the synthetic ester lubricant market is divided into standard, high performance, and ultra-high performance. Among these, the ultra-high performance segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. Ultra high-performance lubricants offer superior protection against wear, extreme temperatures, and contamination, thereby aiding in extending equipment life.
The engine oils segment accounted for a major revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the synthetic ester lubricant market is divided into engine oils, metalworking fluids, and industrial applications. Among these, the engine oils segment accounted for a major revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Synthetic ester lubricants aid in significantly reducing the friction and wear by forming a strong lubricating film around metal surfaces. Use of synthetic ester lubricant in the automotive and machinery sectors is propelling the market.
North America is expected to hold the majority share of the global synthetic ester lubricant market during the forecast period.
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North America is expected to hold the majority share of the global synthetic ester lubricant market during the forecast period. The presence of large aircraft industries in the region, with the growth in aerospace and automotive industries, is propelling the market demand for synthetic ester lubricant. The growing need for synthetic ester lubricants in the automotive and industrial sectors is driving the market.
Asia Pacific is anticipated to grow at the fastest pace in the global Synthetic Ester Lubricant market during the forecast period. The region’s increasing automobile production is anticipated to propel the market demand for synthetic ester lubricant in the region. An increasing use of the lubricant in the manufacturing industry, along with increased investment, is driving the synthetic ester lubricant market.
Europe is anticipated to hold a significant share of the synthetic ester lubricant market during the predicted timeframe. The growing advancement in lubricants for enhancing machinery performance and lowering maintenance expenses is propelling the market growth. Further, the adoption of synthetic ester lubricants in the transportation sector is responsible for driving the market.
Major vendors in the global synthetic ester lubricant market are ExxonMobil, Idemitsu Kosan, TotalEnergies, INEOS Group, Phillips 66, Sinopec, FUCHS, Repsol, The Lubrizol Corporation, BASF, Petrobras, SK Innovation, Royal Dutch Shell, JXTG Nippon Oil Energy, Chevron Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2025, Perstorp, a leading global innovator in specialty chemicals and a wholly owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), announced the launch of its new portfolio of saturated synthetic polyol esters.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the synthetic ester lubricant market based on the below-mentioned segments:
Global Synthetic Ester Lubricant Market, By Viscosity Grade
- ISO VG 32
- ISO VG 46
- ISO VG 68
- ISO VG 100
- Others
Global Synthetic Ester Lubricant Market, By Performance Level
- Standard
- High Performance
- Ultra-High Performance
Global Synthetic Ester Lubricant Market, By Application
- Engine Oils
- Metalworking Fluids
- Industrial Applications
Global Synthetic Ester Lubricant Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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