Synthetic Gear Oil Market Size, Share, Opportunities, And Trends By Type (Synthetic Hydrocarbon Oils, Polyglycols, Ester Oils), By Gear Type (Bevel Gear, Worm Gear, Helical Gear, Spur Gear), By End-User (Automotive, Marine, Industrial, Others), And By Geography - Forecasts From 2025 To 2030

Synthetic Gear Oil Market Size:

The synthetic gear oil market is projected to expand at a 5.36% CAGR, attaining USD 5.292 billion by 2030 from USD 4.076 billion in 2025.

Synthetic gear oil is a specially formulated lubricant created through the modification or synthesis of chemical compounds. There are various types of synthetic gear oils available, including synthetic hydrocarbon oils, polyglycols, and ester oils. The synthetic gear oil market serves a wide range of end users, including the automotive, marine, industrial, and various other sectors. The growth of the synthetic gear oil industry is primarily driven by the rising demand for automobiles, which has led to an increase in overall market size.

Synthetic Gear Oil Market Drivers:

• Bolstering automotive growth drives synthetic gear oil market growth.

Synthetic gear oil is widely used in the automotive due to its ability to withstand high temperatures, heavy loads, and extreme operating conditions. Synthetic gear oil offers superior thermal stability, improved viscosity index, and excellent lubrication properties, providing enhanced protection for gears and bearings. The automotive sector is experiencing significant growth due to higher demand for vehicles, resulting in a greater need for reliable and high-performance lubricants like synthetic gear oil. According to the Census and Economic Information Centre, in December 2022, the production of motor vehicles in Germany reached 3,677,820 units, representing a significant growth of 11.2% compared to the previous year.

• Booming marine sector drives the synthetic gear oil market expansion.

The marine environment faces unique challenges such as exposure to saltwater, high loads, extreme temperatures, and constant vibration. Synthetic gear oil offers superior lubrication, corrosion protection, thermal stability, and oxidation resistance, ensuring optimal performance and extended equipment life. Additionally, the increasing demand in the marine sector is driven by factors like growing international trade, offshore exploration, and the expansion of the shipping industry which is creating a need for reliable and efficient lubrication solutions to enhance vessel performance.

• Rapid industrialization drives synthetic gear oil market growth.

Synthetic gear oil is widely used in industrial manufacturing machinery due to its superior lubrication and protection properties. It offers excellent thermal stability, high viscosity index, and resistance to extreme operating conditions, making it ideal for industrial applications. As industrialization continues to expand, there is a growing demand for machinery and equipment, leading to a higher need for reliable lubricants like synthetic gear oil.

Synthetic Gear Oil Market Geographical Outlook:

• Asia-Pacific is anticipated to be the market leader.

The Asia-Pacific will account for significant market share due to its rapidly growing automotive production which has created a significant need for synthetic gear oils, as they offer superior performance and efficiency. According to the Society of Indian Automobile Manufacturers, India witnessed a notable increase in automobile production, with the total number of vehicles manufactured reaching 2,26,55,609 in 2020-2021. This figure further grew by 14.5% to reach 2,59,31,867 in the year 2022-2023. Also, according to the International Organization of Motor Vehicle Manufacturers, in 2021, China's total motor vehicle production reached 26,082,220 units, marking a 3% increase compared to the previous year.

Synthetic Gear Oil Market Restraints:

• Alternative availability will restrain the synthetic gear oil market growth.

The cost differential between synthetic gear oils and conventional mineral-based gear oils poses a significant restraint to the widespread adoption of synthetic options. Synthetic gear oils generally incur higher production and manufacturing costs, resulting in a higher price point compared to their conventional counterparts. This cost disparity creates accessibility challenges for certain industries, particularly those operating under tight budget constraints. As a result, these industries may be deterred from embracing synthetic gear oils, opting for more affordable alternatives instead. The cost factor thus serves as a significant limitation to the broader utilization of synthetic gear oils across various sectors.

Synthetic Gear Oil Market Company Products:

• Duolec Syn Gear Lubricant: Lubrication Engineers provides Duolec Syn Gear Lubricant, a premium product that utilizes a 100% synthetic base fluid to deliver exceptional performance in various temperature conditions. With its synthetic base fluid, this top-tier lubricant offers outstanding temperature resistance and superior oxidation stability, ensuring a longer lifespan for the lubricant and reducing the need for frequent and costly oil changes. Duolec Syn Gear Lubricant is specifically engineered to endure extreme loads and stresses typically encountered in heavy-duty applications, making it well-suited for pulverizer gear units and similar demanding environments.
• Servosyngear HVI 220: Indian Oil Corporation offers Servosyngear HVI 220, a premium synthetic gear lubricant. These lubricants are based on Polyalkylene Glycol (PAG), providing inherent advantages such as a high viscosity index and exceptional thermal and oxidation stability. Specifically designed for worm gear lubrication, Servosyngear HVI Oils are also highly recommended for various gear types, as well as anti-friction and plain bearings operating under extremely challenging conditions.

List of Top Synthetic Gear Oil Companies:

• Lubrication Engineers
• Indian Oil Corporation
• Shell PLC
• Exxon Mobil Corporation
• Chevron Corporation

Synthetic Gear Oil Market Scope:

Report Metric	Details
Synthetic Gear Oil Market Size in 2025	USD 4.076 billion
Synthetic Gear Oil Market Size in 2030	USD 5.292 billion
Growth Rate	CAGR of 5.36%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Gear Type End-User Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Synthetic Gear Oil Market	LUKOIL Marine Lubricants DMCC Total Energies SE FUCHS Group Petrelplus Inc. Mosil Lubricants Pvt.Ltd
Customization Scope	Free report customization with purchase

 

Segmentation

• By Type
  • Synthetic Hydrocarbon Oils
  • Polyglycols
  • Ester Oils
• By Gear Type
  • Bevel Gear
  • Worm Gear
  • Helical Gear
  • Spur Gear
• By End-User
  • Automotive
  • Marine
  • Industrial
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Other

---

1.  INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. SYNTHETIC GEAR OIL MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Synthetic Hydrocarbon Oils

5.3. Polyglycols

5.4. Ester Oils

6. SYNTHETIC GEAR OIL MARKET ANALYSIS, BY GEAR TYPE

6.1. Introduction

6.2. Bevel Gear

6.3. Worm Gear

6.4. Helical Gear

6.5. Spur Gear

7. SYNTHETIC GEAR OIL MARKET ANALYSIS, BY END-USER

7.1. Introduction

7.2. Automotive

7.3. Marine

7.4. Industrial

7.5. Others

8. SYNTHETIC GEAR OIL MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Lubrication Engineers

10.2. Indian Oil Corporation

10.3. Shell PLC

10.4. Exxon Mobil Corporation

10.5. Chevron Lubricants

10.6. LUKOIL Marine Lubricants DMCC

10.7. Total Energies SE

10.8. FUCHS Group

10.9. Petrelplus Inc.

10.10. Mosil Lubricants Pvt.Ltd

Lubrication Engineers

Indian Oil Corporation

Shell PLC

Exxon Mobil Corporation

Chevron Corporation

LUKOIL Marine Lubricants DMCC

Total Energies SE

FUCHS Group

Petrelplus Inc.

Mosil Lubricants Pvt.Ltd