$3450
$2760
The Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market size is projected to reach US$ 7.59 billion by 2031 from US$ 5.39 billion in 2024. The market is expected to register a CAGR of 5.2% from 2025 to 2031. The rising popularity of environment-friendly and sustainable variants is likely to remain a key future trend in the market.
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Analysis
The automotive industry often requires specialized lubricants to ensure efficient power transfer, cooling, and long-term durability of electric motor components. Therefore, the burgeoning demand for lubricants from the automotive industry bolsters the Americas, Europe, and Asia Pacific esters for synthetic and bio-based lubricants market. Furthermore, the ongoing expansion of the renewable sectors in the world is generating significant growth opportunities for the Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Overview
The Americas, Europe, and Asia Pacific esters for synthetic and bio-based lubricants market is experiencing robust growth, driven by increasing demand for high-performance, environmentally friendly lubricants across diverse end-use industries. Esters, synthesized through the reaction of acids and alcohols, are widely recognized for their excellent thermal stability, biodegradability, low volatility, and superior lubrication performance. These attributes make them ideal base stocks for formulating synthetic and bio-based lubricants used in automotive, aerospace, industrial machinery, marine, and power generation applications. Monoesters, diesters, polyol esters, and complex esters form the core product categories in this market. Each type caters to specific performance requirements; for example, monoesters offer biodegradability and oxidative stability, while polyol and complex esters provide exceptional high-temperature performance and load-carrying capacity. Stringent environmental regulations, particularly in North America and Europe, are pushing industries to adopt lubricants that reduce carbon emissions and are less harmful to ecosystems.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Drivers and Opportunities
Flourishing Automotive Industry
Manufacturers globally are improving their supply chains to increase automobile sales in developing regions. According to the International Organization of Motor Vehicle Manufacturers (OICA), US motor vehicle production increased to 10.61 million units in December 2023 from 10.05 million units in December 2022. Similarly, according to the China Association of Automobile Manufacturers (CAAM), the sales of commercial vehicles accounted for 18.3% Y-o-Y growth in September 2023 in China. It accounted for more than 54% of vehicles assembled in Africa in 2023, making it the largest vehicle producer on the continent. Thus, the flourishing automotive industries in different countries in the Americas, Europe, and Asia Pacific bolster the demand for esters for synthetic and bio-based lubricants.
Proliferating Energy and Power Sector
The renewable energy industry is emerging as one of the major consumers of industrial lubricants, especially turbine and transformer oil. Wind energy is among the fastest-growing renewable energy technologies, generating a noticeable share of demand for lubricants in the power industry. As several regions across the globe are embracing renewable energy sources, particularly wind power, the need for specialized lubricants to ensure the smooth functioning of wind turbines becomes paramount. These lubricants enhance the operational efficiency and lifespan of the intricate machinery installed for harnessing wind energy by mitigating wear and tear, reducing friction, and preventing corrosion in mechanical components. Thus, the proliferating energy and power sector presents significant growth opportunities for the market.
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market analysis are ester type, lubricant type, application, and end use.
- Based on ester type, the market is segmented into monoesters, diesters, polyol esters (trimethylolpropane esters, pentaerythritol esters, neopentyl glycol esters, trimethylol ethane esters, and dipentaerythritol esters), trimellitate esters, complex esters, and others. The diesters segment held the largest share of the market in 2024.
- By lubricant type, the market is divided into synthetic lubricants and biobased lubricants. The synthetic lubricants segment held the largest share of the market in 2024.
- In terms of application, the market is categorized into engine oil (MCO, PCMO, HDEO, and other engines), compressor oil (refrigeration, air compressors, natural gas compressors, and other compressors), hydraulic fluids, gear oil, transmission oil, coolants, and others. The compressor oil segment held the largest share of the market in 2024.
- On the basis of end use, the market is segmented into automotive (conventional vehicles and electric vehicles), textile, marine, mining and metallurgy, aviation, energy and power, and others. The automotive segment held the largest share of the market in 2024.
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Share Analysis by Geography
The scope of the Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market report focuses on the market scenario in terms of historical market revenues and forecasts.
The market in North America is expected to grow significantly during the forecast period. North America presents extensive growth opportunities for lubricant manufacturers owing to the increasing demand for ester-based synthetic lubricants and biolubricants in end-use industries such as building and construction, automotive, wind energy, aerospace, and mining. Esters are gaining traction due to their superior lubricating properties, high thermal stability, and excellent biodegradability. In North America, passenger vehicles are the most common mode of transportation, and their use is increasing with the rising per capita income. Esters are favored as base stocks in this sector due to their excellent oxidative stability, high viscosity index, and compatibility with various additives. Thus, as the automotive industry continues to evolve and innovate, high-performance ester-based lubricants are also gaining traction.
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Report Scope
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market News and Recent Developments
Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market is evaluated by gathering qualitative and quantitative data post-primary and secondary research, which includes important corporate publications, association data, and databases. Key developments in the market are listed below:
- BASF SE announced plans to double the production capacity of its synthetic ester base stocks at its site in Jinshan, China. This strategic decision was made owing to the rising demand for high-performance lubricants in the Asia Pacific. With this move, the company also anticipated strengthening its position as a reliable supplier in the region. (Source: BASF SE, Press Release, March 2022)
- Emery Oleochemicals launched ester base stocks and components specifically tailored for electric vehicle fluids, including transmission fluids, thermal fluids, and motor oils, under the DEHYLUB brand. (Source: Emery Oleochemicals, Press Release, July 2024)
- LANXESS announced the launch of synthetic ester lubricant Everest ESR 220 for use in HVAC (heating, ventilation, and air conditioning) and refrigeration systems using R-1234ze. (Source: LANXESS, Press Release, November 2024)
Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Report Coverage and Deliverables
The "Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market size and forecast at country levels for all the key market segments covered under the scope
- Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market analysis covering key market trends, country framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market
- Detailed company profiles
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.
Frequently Asked Questions
The market is estimated to register a CAGR of 5.2% during 2025–2031.
The surging high-performance lubricant demand and the flourishing automotive industry are the key enablers of the market growth.
The diesters segment dominated the market in 2024.
The rising popularity of environment-friendly and sustainable variants is likely to remain a key trend in the market in the coming years.
Emery Oleochemicals, BASF SE, Kao Corp, Lanxess, Cargill Inc, Evonik Industries AG, Exxon Mobil Corp, Polynt SpA, Zschimmer & Schwarz Chemie GmbH, IOI Corporation Berhad, ABITEC, Esterchem Ltd, Teknor Apex, Kôach Pacific Speciality Oils, and Peter Greven GmbH & Co. KG are key players operating in the Americas, Europe, and Asia Pacific ester for synthetic and bio-based lubricants market.
The diesters segment dominated the market in 2024.
The List of Companies - Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market
- Emery Oleochemicals
- BASF SE
- Kao Corp
- Lanxess
- Cargill Inc
- Evonik Industries AG
- Exxon Mobil Corp
- Polynt SpA
- Zschimmer & Schwarz Chemie GmbH
- IOI Corporation Berhad
- ABITEC
- Esterchem Ltd
- Teknor Apex
- Kôach Pacific Speciality Oils
- Peter Greven GmbH & Co. KG
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.
Trends and growth analysis reports related to Americas, Europe, and Asia Pacific Ester for Synthetic and Bio-Based Lubricants Market
Jul 2025
Amorphous Silica Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Grade (High-Purity, Medium-Purity, and Low-Purity), Product Type (Precipitated Silica, Silica Gel, Colloidal Silica, Fumed Silica, and Others), Application (Rubber, Electrical and Electronics, Building and Construction, Personal Care and Cosmetics, Food and Beverages, Oil and Gas, Pulp and Paper, Agrochemicals, and Others), and Geography
Jul 2025
Leather for Automotive Seats Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Genuine Leather and Artificial Leather (Polyurethane, Polyvinyl Chloride, and Others)], Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others), and Geography
Jul 2025
Leather for Aviation Application Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Genuine Leather and Artificial Leather (Polyurethane, Polyvinyl Chloride, and Others)], Application [Seats, Headrests, Armrests, Cushions, Cabin Interiors, and Others], Aircraft Type [Private Aircraft, Commercial Aircraft, Military Aircraft, and Others], and Geography
Jul 2025
Leather for Railway Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Genuine Leather and Artificial Leather [Polyurethane, Polyvinyl Chloride, and Others]), Application (Train Seats, Traction Bellows, Handle and Grip Bars, Cushions and Pillows, and Others), Train Type (Passenger Trains, Freight Trains, Mining Trains, and Others), and Geography
Jul 2025
Re-Refined Paraffinic Base Oil Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Process (Acid Treatment, Clay Treatment, Solvent Extraction, and Hydrotreating), Application (Engine Oil, Hydraulic Oil, Metalworking Fluid, Compressor Oil, Grease, Turbine Oil, and Others), End Use (Automotive, Construction, Mining and Metallurgy, Marine, Energy and Power, Oil and Gas, and Others), and Geography
Jul 2025
Cosmetic Polymer Ingredients Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Polyethylene Glycol, Acrylic Acid-Based, Vinyl Acetate, Silicone, Cellulose, Collagen, Pectin, Xanthan Gum, Chitosan, and Others), Category (Natural, Synthetic, and Semi-Synthetic), Function (Rheology Modifier, Stabilizers, Emulsifiers, Film Formers, Conditioning, and Others), Application (Skincare, Hair Care, Makeup, and Others), and Geography
Jul 2025
Plastic Pipes Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Corrugated (Single-Wall and Multi-Wall) and Smoothwall], Material Type (Polyvinyl Chloride, High-Density Polyethylene, Polypropylene, and Others), Application (Water Supply, Sewage and Drainage, Irrigation, Gas Distribution, and Others), End-Use Industry (Construction and Infrastructure, Water and Wastewater Management, Oil and Gas, and Others), and Geography
Jul 2025
Nonwovens for Energy Applications Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Carbon Fiber, Titanium Fiber, and Others), Application [Battery, Fuel Cell Gas Diffusion Layer (GDL), PTL, and Wind Energy], and Geography