Synthetic oil is the synthetic oil made by chemical methods, In the production process, the selection of a variety of natural substances for chemical decomposition, and then a variety of other substances for synthesis, finally produced synthetic oil.Synthetic oils can change the ingredients for a smoother start and better fuel economy.Longer oil change cycle, longer engine life, reduce maintenance rate;The engine block is cleaner due to the superior cleanness of synthetic oils.
This report contains market size and forecasts of Synthetic Oil in global, including the following market information:
Global Synthetic Oil Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Synthetic Oil Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Synthetic Oil companies in 2021 (%)
The global Synthetic Oil market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Synthetic Blend Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Synthetic Oil include Mobil, Valvoline, Pennzoil, Shell Rotella, Royal Purple, Liqui Moly, AMSOIL, Castrol and Rotella, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Synthetic Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Synthetic Oil Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Synthetic Oil Market Segment Percentages, by Type, 2021 (%)
Synthetic Blend Oil
Full Synthetic Oil
Global Synthetic Oil Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Synthetic Oil Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicle
Commercial Vehicle
Motorcycle
Racing Bicycle
Other
Global Synthetic Oil Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Synthetic Oil Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Synthetic Oil revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Synthetic Oil revenues share in global market, 2021 (%)
Key companies Synthetic Oil sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Synthetic Oil sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Mobil
Valvoline
Pennzoil
Shell Rotella
Royal Purple
Liqui Moly
AMSOIL
Castrol
Rotella
Lucas Oil
Red Line