© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Synthetic Ester Lubricants Market is set to see healthy CAGR during 2019 to 2025: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America region will have significant market share in global synthetic ester lubricants market owing to the presence of mature aerospace & defense and automotive industry. USA, the world’s largest aircraft manufacturer and second largest automotive producer in the world will drive the regional synthetic ester lubricants demand. Asia Pacific region will have high growth rate due to escalating industrial development and major investments coupled with rising automotive production.  Global automobile production has witnessed a growth of over 13% between 2012 and Escalating automobile production, private & public investments in the industry, favorable initiatives from government, rising disposable income are some of the driving factors observed in the Asia Pacific region which will boost the global automotive market in the coming years. Regional Analysis of Synthetic Ester Lubricants Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Synthetic Ester Lubricants Market :  Compressor oil application will have substantial share in global synthetic ester lubricants market in coming years. It can be attributed to high hydrolytic and thermal stability of the product. Synthetic ester lubricants used as compressor oil have ability to control the moisture content and they act as oil seals and coolants as well.  Hydraulic oils application segment will have high growth owing to the extensive use of synthetic ester lubricants as hydraulic oils in oil & gas and energy sector. The product when used as a hydraulic oil provides an extensive operational temperature range owing to various available ester grades, which propels the synthetic ester lubricants market demand. Furthermore, as environment friendly products are gaining more preference to reduce the ecological hazards, the biodegradability associated with the product further encourages its application as hydraulic oils in various end-use industries.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Company Profiles: 1.Shell 2.Exxon Mobil 3.Total 4.British Petroleum 5.Chevron 6.Fuchs Group 7.Valvoline 8.Amsoil Inc Competitive Market Share of Synthetic Ester Lubricants Market :

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