$4450
$3560
The ester for synthetic and bio-based lubricants market size is projected to reach US$ 9.54 billion by 2031 from US$ 6.85 billion in 2024. The market is expected to register a CAGR of 5.0% during 2025–2031.
Ester for Synthetic and Bio-based Lubricants Market AnalysisThe 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 global ester 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 global ester for synthetic and bio-based lubricants market.
Ester for Synthetic and Bio-based Lubricants Market OverviewThe??? global esters market for synthetic and bio-based lubricants is growing significantly. This growth is largely influenced by a rising need for high-performing and environmentally friendly lubricants used in various industries. Esters are compounds that are made by the reaction of acids and alcohols. They are stable thermally, can be biodegraded easily, have low volatility, and have enhanced lubrication properties. Thus, they are perfect base stocks for the preparation of synthetic and bio-based lubricants that are subsequently used in automotive, aerospace, industrial machinery, marine, and power generation sectors. The most significant product groups in this market are esters: monoesters, diesters, polyol esters, and complex esters. Each one of them is designed for different performance features. For example, monoesters deliver biodegradability and oxidative stability, whereas polyol and complex esters impart extraordinary high-temperature performance and load-carrying capacity. Sufficient environmental laws implemented mainly in North America and Europe are the reasons behind the reduction of carbon emissions, which have compelled the adoption of lubricants that are least harmful to ecosystems???.
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Ester for Synthetic and Bio-Based Lubricants Market: Strategic Insights
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Ester for Synthetic and Bio-based Lubricants Market Drivers and OpportunitiesCustomize 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.
Ester for Synthetic and Bio-Based Lubricants Market: Strategic Insights
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Market Drivers:
- Stringent Environmental Regulations & Ecolabel Requirements: Global mandates such as the EU Ecolabel, US Vessel General Permit, and IMO standards are driving the implementation of readily biodegradable, low-toxicity esters in environmentally sensitive applications, mainly in marine and hydraulic fluids.
- Rising demand for high-performance and energy-efficient lubricants: Automakers and industrial OEMs also need lubricants with superior thermal stability, low volatility, high viscosity index, and extended drain intervals, in which polyol esters and diesters outperform traditional base stocks.
- Renewable and Bio-based Feedstocks: Expansion of the availability of bio-derived polyol esters derived from renewable vegetable oils and fats, along with new synthetic routes, will support the transition to sustainable high-performance Group V base oils.
Market Opportunities:
- Development of Next-Generation High-Stability Bio-esters: Development of novel genetically modified oilseeds, catalytic processes, and additives to reach oxidative stability similar to synthetic esters while maintaining full biodegradability.
- Rapid growth in Asia Pacific and Emerging Economies: The fast industrialization, expanding automotive production, and increasing environmental awareness in China, India, and Southeast Asia drive the demand for premium synthetic and bio-lubricants.
- Specialty Applications in Aerospace, Robotics, and Precision Machinery: The demands on ultra-clean, low-outgassing, and wide-temperature-range ester-based fluids are in aviation hydraulics, wind turbine gear oils, and high-speed robotics.
The ester for synthetic and bio-based lubricants market is divided into different segments to give a clearer view of its growth potential and the latest trends. Below is the standard segmentation approach used in industry reports:
By Ester Type:
- Monoesters
- Diesters
- Polyol Esters
- Trimethylolpropane Esters
- Pentaerythritol Esters
- Neopentyl Glycol Esters
- Trimethylol Ethane Esters
- Dipentaerythritol Esters
- Trimellitate Esters
- Complex Esters
- Others
By Lubricant Type:
- Synthetic Lubricants
- Biobased lubricants
By Application:
- Engine Oil: The demand for engine oil is increasing globally due to the rising vehicle ownership and the need for high-performing, fuel-efficient lubricants.
- MCO (Motorcycle Oil): The MCO segment is experiencing steady growth due to the increasing motorcycle usage across the world.
- PCMO (Passenger Car Motor Oil): PCMO is the leading segment in the engine oil market due to the rise in the number of passenger vehicles and the need for fuel-efficient and low-emission lubricants.
- HDEO (Heavy-Duty Engine Oil): HDEO is also seeing strong demand from commercial transport and logistics sectors that require performance oils for long intervals and engine protection.
- Others: This includes specialty engine oils for off-road vehicles, racing engines, and hybrid vehicles, addressing diverse performance needs.
- Compressor Oil: The demand for engine oil is increasing globally due to the rising vehicle ownership and the need for high-performing, fuel-efficient lubricants.
- Refrigeration: High-performance esters for low-GWP refrigerants and energy-efficient cooling systems.
- Air Compressors: Synthetic esters provide extended drain intervals and cleaner operation in rotary compressors.
- Natural Gas Compressors: Thermally stable polyol esters prevent gas dilution in high-pressure applications.
- Others: Others include hydraulic fluid, grease, turbine, and metalworking specialty esters with superior lubricity and biodegradability.
- Hydraulic Fluid: Hydraulic oil is still a major application area for high-pressure and anti-wear lubrication.
- Gear Oil: Gear oil demand is driven by automotive and industrial gear systems requiring extreme pressure performance and long-term durability.
- Transformer Oil: Transformer oil is experiencing a steady demand due to the growth within the power generation and distribution segment, which focuses on thermal stability and electrical insulation performance.
- Coolant: High-thermal-conductivity dielectric esters for EV battery cooling, immersion cooling in data centers, and hybrid/ICE engine coolants with superior heat transfer and material compatibility.
- Others: This category includes niche applications like compressor oils, textile lubricants, and biodegradable specialty fluids tailored for unique industrial needs.
By End-Use:
- Automotive
- Conventional Vehicles
- Electric Vehicles
- Textile
- Marine
- Mining and Metallurgy
- Aviation
- Energy and Power
- Others
By Geography:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South & Central America
Market Report Scope
Ester for Synthetic and Bio-based Lubricants Market Share Analysis by GeographyThe ester for synthetic and bio-based lubricants market in Asia Pacific is witnessing the fastest growth, driven by rapid industrialization, rising demand for high-performance lubricants, increasing adoption in electric vehicles, and supportive environmental regulations promoting the use of biodegradable and sustainable lubricants.
The ester for synthetic and bio-based lubricants market varies across regions due to differences in industrial development, automotive and aviation demand, environmental regulations, technological advancements in lubricant formulations, growing adoption of electric vehicles, and the push for sustainable and biodegradable solutions. Below is a summary of the synthetic ester lubricants market share and trends by region:
1. North America
- Market Share: Moderate share driven by demand for high-performance lubricants in automotive and aerospace sectors
- Key Drivers:
- Stringent environmental regulations promote biodegradable lubricants
- High adoption of electric vehicles and industrial automation
- Advanced technological infrastructure supporting lubricant innovation
- Trends: Rising use of synthetic esters in EV thermal management and aviation lubricants
2. Europe
- Market Share: Strong market share supported by strict sustainability mandates and advanced manufacturing
- Key Drivers:
- EU regulations on emissions and biodegradable fluids
- High demand in the automotive, marine, and wind energy sectors
- Focus on circular economy and low-toxicity formulations
- Trends: Shift toward ester-based lubricants in renewable energy and electric mobility applications
3. Asia Pacific
- Market Share: Fastest-growing market due to industrialization and expanding automotive production
- Key Drivers:
- Rapid EV adoption in China, India, and Southeast Asia
- Increasing use of high-performance lubricants in manufacturing
- Supportive government policies for clean technology
- Trends: Surge in demand for esters in EVs, industrial equipment, and data center cooling
4. Middle East and Africa
- Market Share: Emerging market with growing interest in industrial and energy applications
- Key Drivers:
- Need to enhance food security in arid and semi-arid regions
- Government incentives for sustainable farming and water-efficient practices
- Investments in agricultural infrastructure and technology
- Trends: Gradual adoption of esters in turbines, compressors, and heavy-duty equipment
5. South and Central America
- Market Share: Moderate growth with increasing focus on industrial efficiency and environmental safety
- Key Drivers:
- Growing automotive and mining activities in Brazil, Argentina, and Chile
- Need for cost-effective, durable lubricants in remote operations
- Government efforts to reduce the environmental impact of industrial fluids
- Trends: Rising interest in biodegradable and long-drain interval ester lubricants
High Market Density and Competition
Competition is intense due to the presence of established players such as Exxon Mobil Corp, BP Plc, Chevron Corp, TotalEnergies SE, and BASF SE.
This high level of competition urges companies to stand out by offering:
- High-performance lubrication solutions
- Innovative delivery systems and application technologies
- Eco-friendly and sustainable formulations
- Competitive pricing models
Opportunities and Strategic Moves
- Growing Demand for High-Performance Lubricants.
- Shift Toward Bio-based and Environmentally Friendly Lubricants
- Addressing Performance Challenges in Extreme Conditions
- Strengthen Technical Support and Customer Education
- Expand and Diversify Product Portfolio
- China Petroleum & Chemical Corp (Sinopec)
- Exxon Mobil Corp
- BP Plc
- Chevron Corp
- AMSOIL Inc
- Phillips 66
- TotalEnergies SE
- Valvoline Inc
- Matrix Specialty Lubricants
- BASF SE
Disclaimer: The companies listed above are not ranked in any particular order.
Other companies analyzed during research:- Cargill Inc
- Idemitsu Kosan Co Ltd
- ENEOS Corp
- APAR Industries Ltd
- Fuchs SE
- Repsol SA
- NYCO
- SAVITA OIL TECHNOLOGIES LIMITED
- Perstorp Holding AB
- Suniso Lubricants Inc
- Shell Plc
- International Lubricant Inc
- Chevron Expands Supply Of Marine Lubricants To Include Port Elizabeth, South Africa
Chevron Marine Lubricants (a subsidiary of Chevron Corporation) has extended its global supply capacity to include Port Elizabeth, South Africa. This expansion enhances the company's ability to serve vessels taking the longer route to avoid current conflict areas. It also represents a strategically important addition to Chevron's distribution network in the southern region. - BASF to increase production capacity for synthetic ester base stocks in Jinshan, China.
BASF SE announced that it will double its production capacity for 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 Asia Pacific and to strengthen the company's position as a reliable supplier that strongly supports customers' growth in the region.
The " Ester for Synthetic and Bio-based Lubricants Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:
- Ester for synthetic and bio-based lubricants market size and forecast at global, regional, and country levels for all market segments covered under the scope
- 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 analysis and SWOT analysis
- Ester for synthetic and bio-based lubricants market analysis covering market trends, global and regional 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 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
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to country scope.
Frequently Asked Questions
Rising demand for sustainable, high-performance lubricants across industries such as automotive, aerospace, and industrial manufacturing is likely to emerge as a key trend in the ester for synthetic and bio-based lubricants market in the future.
Asia Pacific dominated the ester for synthetic and bio-based lubricants market in 2024.
Stringent environmental regulations & ecolabel requirements, rising demand for high-performance and energy-efficient lubricants, and renewable and bio-based feedstocks are major factors driving the growth of the ester for synthetic and bio-based lubricants market.
The ester for synthetic and bio-based lubricants market size is projected to reach US$ 9.54 billion by 2031.
China Petroleum & Chemical Corp (Sinopec), Exxon Mobil Corp, BP Plc, Chevron Corp, AMSOIL Inc, Phillips 66, TotalEnergies SE, Valvoline Inc, Matrix Specialty Lubricants, BASF SE, Cargill Inc, Idemitsu Kosan Co Ltd, ENEOS Corp, APAR Industries Ltd, Fuchs SE, Repsol SA, NYCO, SAVITA OIL TECHNOLOGIES LIMITED, Perstorp Holding AB, Suniso Lubricants Inc, Shell Plc, and International Lubricant Inc are among the key players operating in the market.
The List of Companies - Ester 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
- FUCHS Group
- Clariant International Ltd
- Azelis Americas, LLC
- VBASE® Oil Company
- Calumet, Inc
- Shrieve Chemical Company
- Rumanza Group Of Companies
- HYDRO-BALANCE CORP
- Mohini Organics Pvt. Ltd.
- Lubrita
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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