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

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

  PR Newswire

  ALBANY, New York, February 11, 2013

ALBANY, New York, February 11, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) " 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.

Browse the full report at
http://www.transparencymarketresearch.com/group-iv-v-lubricants.html

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.

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.

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Key products analyzed and estimated in this study include polyalphaolefins
(PAO), polyalkylene glycol (PAG) and esters. Polyalphaolefin lubricants
dominated the market, accounting for 67.8% of the demand in 2011. Global
demand for PAG is expected to reach 184.1 kilo tons in 2018. Key applications
analyzed and estimated in this study include engine oils, heat transfer fluids
(HTF), transmission fluids and metalworking fluids. Engine oil is the major
application for Group IV & V lubricants and accounted for 40.5% of the total
demand in 2011. The heat transfer fluids application follows engine oil in
terms of volume and is expected to grow at a CAGR of 3.04% from 2013 to 2018,
which is highest among all the applications.

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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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