The scope of our recent study on the "Automotive Synthetic Ester Lubricants Market Forecast to 2031 - Global Analysis - by product type and end use " includes the factors fueling the automotive synthetic ester lubricants market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.

The automotive synthetic ester lubricants market size is projected to reach US$ 1.89 billion by 2031 from US$ 1.30 billion in 2024. The market is expected to register a CAGR of 5.7% during 2025-2031.

Corporate Average Fuel Economy standards enacted by the United States Congress in 1975, after the Arab Oil Embargo, continue to drive automotive innovation to curtail fuel consumption and cut global warming. The CAFE standards are administered by the National Highway Traffic Safety Administration, with recent 2024 final rules requiring the industry fleet-wide average for passenger cars and light trucks of roughly 50.4 miles per gallon by 2031. The EPA announced new emissions standards on March 20, 2024, for passenger cars, light-duty trucks, and medium-duty vehicles for model years 2027 through 2032, capping tailpipe emissions of carbon dioxide from light-duty vehicles at 85 grams per mile in 2032, down from 170 grams per mile for model year 2027. These standards phase in gradually, starting in model year 2027 with the stated goal of accelerating the adoption of cleaner vehicle technologies such as plug-in hybrids and fully electric vehicles. The rule will lead to a reduction of about seven billion metric tons of CO2 by 2055, according to EPA projections. Stringent CAFE standards, together with government incentives for fuel-efficient vehicles in the United States, accelerate the demand for electric cars and high-performance lubricants. Synthetic ester lubricants provide excellent thermal stability, reduced friction, and improved engine performance, making them highly valued in the automotive industry for meeting these fuel efficiency requirements. Lower viscosity lubricants formulated with synthetic esters have been introduced to support fuel efficiency improvements in passenger cars, with SAE 0W-20 now the main factory fill grade. The shift towards sustainability has had a profound impact on the lubricant industry, with synthetic ester lubricants taking root as a more sustainable alternative offering superior thermal stability, biodegradability, and low volatility.

The electric vehicle market expansion is fundamentally transforming lubricant demand patterns and creating opportunities for synthetic ester-based formulations. Electric vehicles require specialized lubricants for components like electric motors, batteries, reduction gears, and thermal management systems, despite using less lubrication overall than internal combustion engines. According to the US Department of Energy, all forms of electric vehicles can help improve fuel economy, lower fuel costs, and reduce emissions. EV transmission fluids must multitask as lubricants and coolants, with many specifically formulated to be compatible with copper wiring and polymer seals and insulators while dissipating stray electrical currents. At 18,000 rpm or higher, electric motors create high-stress environments where even minute air exposure can cause internal fluids to foam, damaging internal components. Synthetic esters with high biogenic content are emerging as a good choice for dielectric fluids used in multifunctional lubricant immersion coolants, offering a superior combination of high dielectric strength, heat transfer, and fire resistance properties compared to mineral oil base stocks. Electric modules are sensitive to high-heat environments, particularly near motors and brakes, where both electric currents and friction generate elevated temperatures during normal operation. The EPA announced in 2024 that by model year 2032, cleaner vehicles such as plug-in hybrids and fully electric vehicles will need to make up 35 percent to 56 percent of sales to meet emissions standards. Synthetic ester lubricants deliver better viscosity control and ensure effective lubrication of engines under any condition, performing outstandingly even in extreme temperatures while minimizing pollution inside engines.

The automotive synthetic ester lubricants market forecast can help stakeholders plan their growth strategies. China Petroleum & Chemical Corp (Sinopec), Exxon Mobil Corp, BP Plc, Chevron Corp, AMSOIL Inc, Phillips 66, TotalEnergies SE, Valvoline Inc, Fuchs SE, Repsol SA, and others are among the prominent players profiled in the automotive synthetic ester lubricants market report. These market players are focusing on providing high-quality products to fulfill customer demand. They are also adopting new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the automotive synthetic ester lubricants market.

The automotive synthetic ester lubricants market analysis has been performed by considering the following segments: product type and end use. By product type, the automotive synthetic ester lubricants market is segmented into engine oil, hydraulic oil, gear oil, immersion cooling fluids, refrigeration oil, grease, metalworking fluids, and others. The engine oil segment is divided into MCO, PCMO, HDEO, and others. The engine oil segment held the largest market share in 2024. On the basis of end use, the market has been bifurcated into conventional vehicles and electric vehicles. The electric vehicles segment is expected to register the fastest CAGR during the forecast period.

The report includes the segmentation of the global automotive synthetic ester lubricants market as follows:

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

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