Group IV & V Lubricants (PAO, PAG and Esters) Market is Expected to Reach USD 4.7 Billion Globally in 2018: Transparency Market Research

According to a new market report published by Transparency Market Research "Group IV & V Lubricants (PAO, PAG and Esters) Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018," the Group IV & V lubricants demand was 624.6 kilo tons in 2011 and is expected to reach 752.9 kilo tons in 2018, growing at a CAGR of 2.76% from 2013 to 2018.

Group IV & V lubricants in this study include lubes externally synthesized by using chemicals such as polyolefin, polyesters, polyglycols and esters. Group IV & V lubricants have been growing at a faster pace than mineral-based lubricants as they are more fuel efficient and can be used in extreme operating conditions. In addition, there has been positive regulatory support for the development of Group IV & V lubricants from various agencies. Group IV & V lubricants are used when equipments require high performance oil as compared to mineral-based oil and when safety and environmental issues need to be met.

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Increasing demand from Asia Pacific, the U.S. and the European Union, owing to increasing high-end lubricant applications is expected to drive market demand over the next five years. Engine oils and heat transfer fluids together accounted for 71.5% of the market share in 2011. The development of Group IV & V lubricants has reduced the dependency on mineral oil based lubricants. However, the high cost of synthetic-based (Group IV & V) lubricant is acting as a major challenge for the development of the market.

Some of the key players that have been profiled in this report include Royal Dutch Shell , British Petroleum, Chevron, ConocoPhillips, Exxon Mobil, Fuchs, Indian Oil Corporation and Total.

This research analyzes and estimates the performance and demand of Group IV & V lubricants in the global scenario. The research provides detailed trend analysis of the Group IV & V lubricants market, demand by geography and comprehensive analysis of companies that are dealing in Group IV & V lubricants. The report covers all the major segment types of the Group IV & V lubricants market and provides statistically refined forecast and historical data for the segments covered. 

The report presents a thorough assessment of the strategies followed by different stakeholders by segmenting the Group IV & V lubricants market as below:
  • Global Group IV & V lubricants market, by product type
    • Polyalphaolefins (PAO)
    • Polyalkylene glycol (PAG)
    • Esters
  • Global Group IV & V lubricants market, by application
    • Engine Oils
    • Heat Transfer Fluids (HTF)
    • Transmission Fluids
    • Metalworking Fluids
  • Global Group IV & V lubricants market, by geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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