Synthetic Ester Lubricants for Electrical and Electronics Market is expected to reach US$ 145.99 Million by 2031

Advancements in Electrical Equipment Driving Demand for Specialized Lubricants

According to our latest study on "Synthetic Ester Lubricants for Electrical and Electronics Market Forecast to 2031, Global and Regional Growth Opportunity Analysis – by Product Type and End Use," the market was valued at US$ 95.59 million in 2024 and is expected to reach US$ 145.99 million by 2031; it is estimated to register a CAGR of 6.4% during 2025–2031. The report highlights factors contributing to the synthetic ester lubricants for electrical and electronics market size and prominent players, along with their developments in the market.

Electrical and electronic components need modern lubricants of varying and specialized physicochemical properties. The molecular customization of synthetic esters permits tailoring lubricants to meet specifications in viscosity, dielectric strength, or thermal conductivity. Underwriters Laboratories (UL), IEEE, and other regulatory agencies involved in standards development recommend using these lubricants to enhance the safety and extend the lifespan of electrical appliances. New formulations of synthetic esters to improve the reliability of electrical components under extreme use and environmental conditions are the focus of non-profit research institutes. This customization of synthetic esters to meet operational lubricant electrical needs fosters the expansion of advanced electronics in telecommunications, semiconductors, and batteries. These factors are driving the synthetic ester lubricants for electrical and electronics market growth.

Synthetic Ester Lubricants for Electrical and Electronics Market Breakdown – by Region

The synthetic ester lubricants for electrical and electronics market analysis has been performed by considering the following segments: product type and end use. By product type, the market is segmented into gear oil, transformer oil, immersion cooling fluids, refrigeration oil, grease, metalworking fluids, and others. The transformer oil segment accounted for the largest synthetic ester lubricants for electrical and electronics market share in 2024. It is the most indispensable unit in the power generation and distribution networks to insulate and cool transformers. Synthetic ester transformer oils, as compared to conventional mineral oils, provide better thermal stability, high dielectric strength, and are less flammable; hence, they find extensive applications in high-voltage and harsh operational environments. Further, the increasing regulatory and environmental pressures have paved the way for biodegradable and less toxic synthetic esters, thus aiding the sustainable grid modernization and the renewable energy. The superior performance and efficiency of synthetic ester transformer oils have made them the global standard, as utilities upgrade aging grids and deploy smart grid technologies.

The synthetic ester lubricants for electrical and electronics market trends include the rise of bio-circular synthetic esters in electrical applications, integration of digital monitoring with lubricant performance, and enhanced customization for electric and high-voltage equipment. The use of bio-circular synthetic esters is expected to increase significantly. These esters will be produced from clean, renewable, non-food biomass sources and will be combined with recycling technologies. The objective of this trend is to produce lubricants in a closed-loop system, thus reducing the environmental impact. The shift is mainly driven by government policies such as the EU Green Deal and the US EPA Sustainable Materials Management program, which attract sustainable production methods through their incentives. Non-profit environmental organizations also support the implementation of lifecycle carbon accounting, thus requiring that bio-attribution in lubricants be transparent. Therefore, bio-circular esters are expected to become the norm for use in electrical and electronic lubricants, thus ensuring that sustainability is combined with performance excellence.

Asia Pacific dominated the synthetic ester lubricants for electrical and electronics market share in terms of revenue in 2024 due to the fast industrialization, increasing automotive production, and strong manufacturing growth in the major countries, including China, India, Japan, and South Korea. The region is expected to benefit from the ever-increasing use of electric vehicles, the government policies that are supportive of clean technologies. The rising need for biodegradable and high-performance lubricants, motivated by environmental regulations, is expected to fuel the synthetic ester lubricants for electrical and electronics market growth in Asia Pacific.

China Petroleum & Chemical Corp (Sinopec), Exxon Mobil Corp, BP Plc, Chevron Corp, Phillips 66, TotalEnergies SE, Valvoline Inc, ENEOS Corp, Idemitsu Kosan Co Ltd, and Fuchs SE are among the prominent players profiled in the synthetic ester lubricants for electrical and electronics market report. These market players are focusing on providing high-quality products to fulfill customer demand. They are adopting strategies such as new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the market.

The synthetic ester lubricants for electrical and electronics market is segmented based on product type, end use, and geography. Based on product type, the market is divided into gear oil, transformer oil, immersion cooling fluids, refrigeration oil, grease, metalworking fluids, and others. In terms of end use, the market is categorized into general air conditioners, automotive air conditioners, refrigerators, and others.

The geographical scope of the synthetic ester lubricants for electrical and electronics market report focuses on North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market in North America is segmented into the US, Canada, and Mexico. The market in Europe is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The market in Asia Pacific is divided into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Middle East & Africa synthetic ester lubricants for electrical and electronics market is classified into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America.

Contact Us

Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com