US synthetic lubricant and functional fluid demand will rise 6.8 percent yearly to $6.3 billion in 2018. Engine oils will account for the largest share of gains, while Group III base oils will remain the fastest growing type. The energy and power generation, automotive equipment, and industrial machinery markets will grow the fastest.This study analyzes the $4.6 billion US synthetic lubricant and functional fluid industry. It presents historical demand data for 2003, 2008 and 2013, with forecasts for 2018 and 2023 by product (e.g., engine oils, antifreeze and deicing fluids, transmission and hydraulic fluids, heat transfer fluids, metalworking fluids, dielectric fluids), material (e.g., glycols, polyalphaolefins, esters, Group III base oils) and market (e.g., automotive, metals, aircraft/aerospace, energy/power generation, industrial machinery, process industries).The study also considers market environment factors, details industry structure, evaluates company market share and profiles 27 industry competitors, including Exxon Mobil, Prestone Products and Royal Dutch Shell.
