MARKET OVERVIEW
Synthetic lubricants and functional fluids are advanced substances engineered to provide superior performance in comparison to traditional mineral oil-based lubricants. These liquids are made from chemical compounds and are designed to meet specific requirements for various industrial and mechanical applications. The end-users of synthetic lubricants and functional fluids include the automotive, aerospace, manufacturing, and energy sectors. Synthetic lubricants and functional fluids offer several advantages over conventional mineral oil-based lubricants. They have higher thermal stability, better oxidation resistance, and provide improved protection against wear and tear. These substances are also able to operate effectively in extreme temperature conditions, making them ideal for use in high-performance engines and equipment. The synthetic lubricants and functional fluids market is expected to boost in the coming years, driven by the growing demand for high-efficiency machinery and equipment.
MARKET DYNAMICS
The global market for synthetic lubricants and functional fluids is anticipated to grow in the forecast period owing to rapid industrialization coupled with the use of high-quality gear oils for enhanced fuel economy. Furthermore, the superior properties of the product over conventional minerals and stringent regulations regarding CO2 emissions fuel the growth of the synthetic lubricants and functional fluids market. However, high costs restrict the growth of the synthetic lubricants and functional fluids market. Nonetheless, growing demands for high-performance products offer lucrative opportunities for the key players operating in the synthetic lubricants and functional fluids market during the forecast period.
MARKET SCOPE
The "Global Synthetic Lubricants and Functional Fluids Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of synthetic lubricants and functional fluids market with detailed market segmentation by product, material, end user, and geography. The global synthetic lubricants and functional fluids market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading synthetic lubricants and functional fluids market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global synthetic lubricants and functional fluids market is segmented on the basis of product, material, and end user. Based on product, the market is segmented as engine oils, transmission and hydraulic fluids, antifreeze and deicing fluids, metalworking fluids, heat transfer fluids, and others. On the basis of the material, the market is segmented as glycols, polyalphaolefins, esters, group iii and iv base oils, aromatics, silicone fluids, and others. The synthetic lubricants and functional fluids market on the basis of the end user is classified as automotive, aerospace, metals, industrial machinery, power generation, construction, process industry, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic lubricants and functional fluids market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The synthetic lubricants and functional fluids market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting synthetic lubricants and functional fluids market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the synthetic lubricants and functional fluids market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic lubricants and functional fluids market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The synthetic lubricants and functional fluids market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting synthetic lubricants and functional fluids market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the synthetic lubricants and functional fluids market in these regions.
MARKET PLAYERS
The reports cover key developments in the synthetic lubricants and functional fluids market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from synthetic lubricants and functional fluids market are anticipated to lucrative growth opportunities in the future with the rising demand for synthetic lubricants and functional fluids in the global market. Below mentioned is the list of few companies engaged in the synthetic lubricants and functional fluids market.
The report also includes the profiles of key synthetic lubricants and functional fluids companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Aisin Asia Pte Ltd.
- Al Warren Oil Company, Inc.
- BASF SE
- Chevron Phillips Chemical Company
- E. I. du Pont de Nemours and Company
- Exxon Mobil Corporation
- Kyoto Japan
- PEAK (Old World Industries, LLC)
- Schultz Canada Chemicals Ltd.
- SynLube Incorporated
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Synthetic Lubricants And Functional Fluids Market - By Product
1.3.2 Synthetic Lubricants And Functional Fluids Market - By Material
1.3.3 Synthetic Lubricants And Functional Fluids Market - By End-User
1.3.4 Synthetic Lubricants And Functional Fluids Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET - GLOBAL MARKET ANALYSIS
6.1. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS - GLOBAL MARKET OVERVIEW
6.2. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ENGINE OILS
7.3.1. Overview
7.3.2. Engine Oils Market Forecast and Analysis
7.4. TRANSMISSION AND HYDRAULIC FLUIDS
7.4.1. Overview
7.4.2. Transmission and Hydraulic Fluids Market Forecast and Analysis
7.5. ANTIFREEZE AND DEICING FLUIDS
7.5.1. Overview
7.5.2. Antifreeze and Deicing Fluids Market Forecast and Analysis
7.6. METALWORKING FLUIDS
7.6.1. Overview
7.6.2. Metalworking Fluids Market Forecast and Analysis
7.7. HEAT TRANSFER FLUIDS
7.7.1. Overview
7.7.2. Heat Transfer Fluids Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. GLYCOLS
8.3.1. Overview
8.3.2. Glycols Market Forecast and Analysis
8.4. POLYALPHAOLEFINS
8.4.1. Overview
8.4.2. Polyalphaolefins Market Forecast and Analysis
8.5. ESTERS
8.5.1. Overview
8.5.2. Esters Market Forecast and Analysis
8.6. GROUP III AND IV BASE OILS
8.6.1. Overview
8.6.2. Group III and IV Base Oils Market Forecast and Analysis
8.7. AROMATICS
8.7.1. Overview
8.7.2. Aromatics Market Forecast and Analysis
8.8. SILICONE FLUIDS
8.8.1. Overview
8.8.2. Silicone Fluids Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. AEROSPACE
9.4.1. Overview
9.4.2. Aerospace Market Forecast and Analysis
9.5. METALS
9.5.1. Overview
9.5.2. Metals Market Forecast and Analysis
9.6. INDUSTRIAL MACHINERY
9.6.1. Overview
9.6.2. Industrial Machinery Market Forecast and Analysis
9.7. POWER GENERATION
9.7.1. Overview
9.7.2. Power Generation Market Forecast and Analysis
9.8. CONSTRUCTION
9.8.1. Overview
9.8.2. Construction Market Forecast and Analysis
9.9. PROCESS INDUSTRY
9.9.1. Overview
9.9.2. Process Industry Market Forecast and Analysis
9.10. OTHERS
9.10.1. Overview
9.10.2. Others Market Forecast and Analysis
10. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Synthetic Lubricants And Functional Fluids Market Overview
10.1.2 North America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis
10.1.3 North America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Product
10.1.4 North America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Material
10.1.5 North America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By End-User
10.1.6 North America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Countries
10.1.6.1 United States Synthetic Lubricants And Functional Fluids Market
10.1.6.1.1 United States Synthetic Lubricants And Functional Fluids Market by Product
10.1.6.1.2 United States Synthetic Lubricants And Functional Fluids Market by Material
10.1.6.1.3 United States Synthetic Lubricants And Functional Fluids Market by End-User
10.1.6.2 Canada Synthetic Lubricants And Functional Fluids Market
10.1.6.2.1 Canada Synthetic Lubricants And Functional Fluids Market by Product
10.1.6.2.2 Canada Synthetic Lubricants And Functional Fluids Market by Material
10.1.6.2.3 Canada Synthetic Lubricants And Functional Fluids Market by End-User
10.1.6.3 Mexico Synthetic Lubricants And Functional Fluids Market
10.1.6.3.1 Mexico Synthetic Lubricants And Functional Fluids Market by Product
10.1.6.3.2 Mexico Synthetic Lubricants And Functional Fluids Market by Material
10.1.6.3.3 Mexico Synthetic Lubricants And Functional Fluids Market by End-User
10.2. EUROPE
10.2.1 Europe Synthetic Lubricants And Functional Fluids Market Overview
10.2.2 Europe Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis
10.2.3 Europe Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Product
10.2.4 Europe Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Material
10.2.5 Europe Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By End-User
10.2.6 Europe Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Synthetic Lubricants And Functional Fluids Market
10.2.6.1.1 Germany Synthetic Lubricants And Functional Fluids Market by Product
10.2.6.1.2 Germany Synthetic Lubricants And Functional Fluids Market by Material
10.2.6.1.3 Germany Synthetic Lubricants And Functional Fluids Market by End-User
10.2.6.2 France Synthetic Lubricants And Functional Fluids Market
10.2.6.2.1 France Synthetic Lubricants And Functional Fluids Market by Product
10.2.6.2.2 France Synthetic Lubricants And Functional Fluids Market by Material
10.2.6.2.3 France Synthetic Lubricants And Functional Fluids Market by End-User
10.2.6.3 Italy Synthetic Lubricants And Functional Fluids Market
10.2.6.3.1 Italy Synthetic Lubricants And Functional Fluids Market by Product
10.2.6.3.2 Italy Synthetic Lubricants And Functional Fluids Market by Material
10.2.6.3.3 Italy Synthetic Lubricants And Functional Fluids Market by End-User
10.2.6.4 United Kingdom Synthetic Lubricants And Functional Fluids Market
10.2.6.4.1 United Kingdom Synthetic Lubricants And Functional Fluids Market by Product
10.2.6.4.2 United Kingdom Synthetic Lubricants And Functional Fluids Market by Material
10.2.6.4.3 United Kingdom Synthetic Lubricants And Functional Fluids Market by End-User
10.2.6.5 Russia Synthetic Lubricants And Functional Fluids Market
10.2.6.5.1 Russia Synthetic Lubricants And Functional Fluids Market by Product
10.2.6.5.2 Russia Synthetic Lubricants And Functional Fluids Market by Material
10.2.6.5.3 Russia Synthetic Lubricants And Functional Fluids Market by End-User
10.2.6.6 Rest of Europe Synthetic Lubricants And Functional Fluids Market
10.2.6.6.1 Rest of Europe Synthetic Lubricants And Functional Fluids Market by Product
10.2.6.6.2 Rest of Europe Synthetic Lubricants And Functional Fluids Market by Material
10.2.6.6.3 Rest of Europe Synthetic Lubricants And Functional Fluids Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Synthetic Lubricants And Functional Fluids Market Overview
10.3.2 Asia-Pacific Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis
10.3.3 Asia-Pacific Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Synthetic Lubricants And Functional Fluids Market
10.3.6.1.1 Australia Synthetic Lubricants And Functional Fluids Market by Product
10.3.6.1.2 Australia Synthetic Lubricants And Functional Fluids Market by Material
10.3.6.1.3 Australia Synthetic Lubricants And Functional Fluids Market by End-User
10.3.6.2 China Synthetic Lubricants And Functional Fluids Market
10.3.6.2.1 China Synthetic Lubricants And Functional Fluids Market by Product
10.3.6.2.2 China Synthetic Lubricants And Functional Fluids Market by Material
10.3.6.2.3 China Synthetic Lubricants And Functional Fluids Market by End-User
10.3.6.3 India Synthetic Lubricants And Functional Fluids Market
10.3.6.3.1 India Synthetic Lubricants And Functional Fluids Market by Product
10.3.6.3.2 India Synthetic Lubricants And Functional Fluids Market by Material
10.3.6.3.3 India Synthetic Lubricants And Functional Fluids Market by End-User
10.3.6.4 Japan Synthetic Lubricants And Functional Fluids Market
10.3.6.4.1 Japan Synthetic Lubricants And Functional Fluids Market by Product
10.3.6.4.2 Japan Synthetic Lubricants And Functional Fluids Market by Material
10.3.6.4.3 Japan Synthetic Lubricants And Functional Fluids Market by End-User
10.3.6.5 South Korea Synthetic Lubricants And Functional Fluids Market
10.3.6.5.1 South Korea Synthetic Lubricants And Functional Fluids Market by Product
10.3.6.5.2 South Korea Synthetic Lubricants And Functional Fluids Market by Material
10.3.6.5.3 South Korea Synthetic Lubricants And Functional Fluids Market by End-User
10.3.6.6 Rest of Asia-Pacific Synthetic Lubricants And Functional Fluids Market
10.3.6.6.1 Rest of Asia-Pacific Synthetic Lubricants And Functional Fluids Market by Product
10.3.6.6.2 Rest of Asia-Pacific Synthetic Lubricants And Functional Fluids Market by Material
10.3.6.6.3 Rest of Asia-Pacific Synthetic Lubricants And Functional Fluids Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Synthetic Lubricants And Functional Fluids Market Overview
10.4.2 Middle East and Africa Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis
10.4.3 Middle East and Africa Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Synthetic Lubricants And Functional Fluids Market
10.4.6.1.1 South Africa Synthetic Lubricants And Functional Fluids Market by Product
10.4.6.1.2 South Africa Synthetic Lubricants And Functional Fluids Market by Material
10.4.6.1.3 South Africa Synthetic Lubricants And Functional Fluids Market by End-User
10.4.6.2 Saudi Arabia Synthetic Lubricants And Functional Fluids Market
10.4.6.2.1 Saudi Arabia Synthetic Lubricants And Functional Fluids Market by Product
10.4.6.2.2 Saudi Arabia Synthetic Lubricants And Functional Fluids Market by Material
10.4.6.2.3 Saudi Arabia Synthetic Lubricants And Functional Fluids Market by End-User
10.4.6.3 U.A.E Synthetic Lubricants And Functional Fluids Market
10.4.6.3.1 U.A.E Synthetic Lubricants And Functional Fluids Market by Product
10.4.6.3.2 U.A.E Synthetic Lubricants And Functional Fluids Market by Material
10.4.6.3.3 U.A.E Synthetic Lubricants And Functional Fluids Market by End-User
10.4.6.4 Rest of Middle East and Africa Synthetic Lubricants And Functional Fluids Market
10.4.6.4.1 Rest of Middle East and Africa Synthetic Lubricants And Functional Fluids Market by Product
10.4.6.4.2 Rest of Middle East and Africa Synthetic Lubricants And Functional Fluids Market by Material
10.4.6.4.3 Rest of Middle East and Africa Synthetic Lubricants And Functional Fluids Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Synthetic Lubricants And Functional Fluids Market Overview
10.5.2 South and Central America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis
10.5.3 South and Central America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Product
10.5.4 South and Central America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Material
10.5.5 South and Central America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Synthetic Lubricants And Functional Fluids Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Synthetic Lubricants And Functional Fluids Market
10.5.6.1.1 Brazil Synthetic Lubricants And Functional Fluids Market by Product
10.5.6.1.2 Brazil Synthetic Lubricants And Functional Fluids Market by Material
10.5.6.1.3 Brazil Synthetic Lubricants And Functional Fluids Market by End-User
10.5.6.2 Argentina Synthetic Lubricants And Functional Fluids Market
10.5.6.2.1 Argentina Synthetic Lubricants And Functional Fluids Market by Product
10.5.6.2.2 Argentina Synthetic Lubricants And Functional Fluids Market by Material
10.5.6.2.3 Argentina Synthetic Lubricants And Functional Fluids Market by End-User
10.5.6.3 Rest of South and Central America Synthetic Lubricants And Functional Fluids Market
10.5.6.3.1 Rest of South and Central America Synthetic Lubricants And Functional Fluids Market by Product
10.5.6.3.2 Rest of South and Central America Synthetic Lubricants And Functional Fluids Market by Material
10.5.6.3.3 Rest of South and Central America Synthetic Lubricants And Functional Fluids Market by End-User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SYNTHETIC LUBRICANTS AND FUNCTIONAL FLUIDS MARKET, KEY COMPANY PROFILES
12.1. AISIN ASIA PTE LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AL WARREN OIL COMPANY, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BASF SE
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CHEVRON PHILLIPS CHEMICAL COMPANY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. E. I. DU PONT DE NEMOURS AND COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. EXXON MOBIL CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. KYOTO JAPAN
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PEAK (OLD WORLD INDUSTRIES, LLC)
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SCHULTZ CANADA CHEMICALS LTD.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SYNLUBE INCORPORATED
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- Aisin Asia Pte Ltd.
- Al Warren Oil Company, Inc.
- BASF SE
- Chevron Phillips Chemical Company
- E. I. du Pont de Nemours and Company
- Exxon Mobil Corporation
- Kyoto Japan
- PEAK (Old World Industries, LLC)
- Schultz Canada Chemicals Ltd.
- SynLube Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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