The synthetic lubricants market encompasses lubricants produced from synthetic base oils instead of mineral oils. These lubricants are formulated to enhance performance and protection for different equipment and machinery. They are commonly used when mineral oil-based lubricants are unsuitable, such as in high-temperature or high-pressure environments. Synthetic lubricants have greater oxidation and thermal breakdown resistance and tend to have longer lifetimes.
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Players Mentioned are –
BP plc
Chevron Corporation
China Petroleum & Chemical Corporation
Exxon Mobil Corporation
Fuchs Group
Idemitsu Kosan Co. Ltd.
Lukoil
Petroliam Nasional Berhad (PETRONAS)
Royal Dutch Shell plc
Total SA
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