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Synthetic lubricants are produced with a combination of low molecular-weight materials with a chemical reaction to produce materials with a high molecular-weight. The chemical reaction helps to provide synthetic lubricants with uniform consistency and targeted performance properties. Mineral-based lubricants do not exhibit the consistency and uniformity like synthetics lubricants exhibit, nor do they have the performance properties.
MARKET SEGMENTATION
Global Analysis - by Type:
· Polyalphaolefin (PAO)
· Esters
· Polyalkylene Glycol (PAG)
· Group III (Hydrocracking)
· Others
Global Analysis - by Application:
· Engine Oil
· Hydraulic Fluids
· Compressor Oil
· Gear Oil
· Transmission Fluids
· Turbine Oil
· Others