Norway Synthetic Lubricants Market Size & Outlook

The synthetic lubricants market in Norway is expected to reach a projected revenue of US$ 298.0 million by 2030. A compound annual growth rate of 1.2% is expected of Norway synthetic lubricants market from 2023 to 2030.
Revenue, 2022 (US$M)
$270.5
Forecast, 2030 (US$M)
$298.0
CAGR, 2023 - 2030
1.2%
Report Coverage
Norway

Norway synthetic lubricants market highlights

  • The Norway synthetic lubricants market generated a revenue of USD 270.5 million in 2022 and is expected to reach USD 298.0 million by 2030.
  • The Norway market is expected to grow at a CAGR of 1.2% from 2023 to 2030.
  • In terms of segment, pao was the largest revenue generating product in 2022.
  • PAO is the most lucrative product segment registering the fastest growth during the forecast period.

Synthetic lubricants market data book summary

Market revenue in 2022USD 270.5 million
Market revenue in 2030USD 298.0 million
Growth rate1.2% (CAGR from 2022 to 2030)
Largest segmentPao
Fastest growing segmentPAO
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPAO, Esters, PAG
Key market players worldwideBP PLC, Chevron Corp, Lanxess AG, Valvoline Inc, Fuchs SE ADR (Representing Pref. Shares), Shell PLC, Phillips 66, Eni SpA

Other key industry trends

  • In terms of revenue, Norway accounted for 1.5% of the global synthetic lubricants market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany synthetic lubricants market is projected to lead the regional market in terms of revenue in 2030.
  • Netherlands is the fastest growing regional market in Europe and is projected to reach USD 342.2 million by 2030.

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Synthetic Lubricants Market Companies

Name Profile # Employees HQ Website

Norway synthetic lubricants market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic lubricants market will help companies and investors design strategic landscapes.


Pao was the largest segment with a revenue share of 56.19% in 2022. Horizon Databook has segmented the Norway synthetic lubricants market based on pao, esters, pag covering the revenue growth of each sub-segment from 2018 to 2030.


  • Norway Synthetic Lubricants Product Outlook (Revenue, USD million, 2018-2030)
    • PAO
    • Esters
    • PAG
  • Norway Synthetic Lubricants Application Outlook (Revenue, USD million, 2018-2030)
    • Engine Oil
    • Heat Transfer Fluids (HTF)
    • Transmission Fluids
    • Metalworking Fluids
    • Others

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Horizon Databook provides a detailed overview of country-level data and insights on the Norway synthetic lubricants market , including forecasts for subscribers. This country databook contains high-level insights into Norway synthetic lubricants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Norway synthetic lubricants market size, by product, 2018-2030 (US$M)

Norway Synthetic Lubricants Market Outlook Share, 2022 & 2030 (US$M)

Norway synthetic lubricants market size, by product, 2018-2030 (US$M)

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