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Global Poly Alpha Olefin (PAO) Market: By Application: Gear Oil, Engine Oil, Compressor Oil, Grease; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Poly Alpha Olefin (PAO) Market Outlook

The global poly alpha olefin (PAO) market attained a value of more than USD 1.3 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.9% to reach over USD 1.70 billion by 2027.

 

The Flourishing Automotive Industry to Drive the Growth of the Poly Alpha Olefin (PAO) Industry

The use of very high-quality basic stocks, such as poly alpha olefin (PAO), in automotive lubricant formulations, is increasing as the automobile industry strives to increase fuel efficiency and m inimise emissions. In line with increasing air pollution levels caused by pollutants released from fuel, combustion is generating robust demand for an effective solution, hence stimulating the market growth.

 

Global Poly Alpha Olefin (PAO) Market

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In addition, the growing demand for synthetic lubricants from various end-use industries, such as automotive oil and gas, is positively influencing the growth of the market. PAOs are used to maintain seals, avoid component failure, and extend drain intervals as metal working fluids, compressor oils, engine oils, heat transfer fluids, transmission oils, and gear oils. These are some of the factors invigorating the growth of the overall market.

 

North America is Projected to Hold a Prominent Share in the Overall Growth of the Market

Region wise, North America is anticipated to hold a significant share in the overall market growth of poly alpha olefin (PAO). The shale gas boom, particularly in the United States, has instilled fresh confidence in petrochemical companies and influenced ethylene output in the region, which is a vital raw ingredient for PAO production, which has been pushing the growth of the market. In addition to this, The Blue Angel Scheme and The White Swan Scheme, both of which encourage biodegradable base oils, are expected to propel the area sector forward and gather a significant market base. Apart from this,  the Asia Pacific region is also expected to increase at a significant rate throughout the projected period owing to the rising demand for automotive lubricants in the region.

 

Poly Alpha Olefin (PAO): Market Segmentation

Poly alpha olefin (PAO) can be described as a synthetic base oil used in industrial and automotive lubricants. It is a synthetic hydrocarbon (SHC) that closely resembles mineral oils’ best hydrocarbon (branched) structure.

The poly alpha olefin (PAO) industry is classified by application as:

  • Gear Oil
  • Engine Oil
  • Compressor Oil
  • Grease

The EMR report looks into the regional markets of poly alpha olefin (PAO)  like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Applications of Poly Alpha Olefin in Engine Oil has Been Promoting the Growth of the Market

Based on application, the engine oil segment has been a major application of poly alpha olefin, due to its ability to lubricate at both ends of the temperature spectrum and for its ability to flow more quickly at cold temperatures while resisting oil consumption, viscosity breakdown, sludging, and oxidation at high temperatures. Due to a higher degree of hydrolytic stability and demulsibility, a higher viscosity index (VI), and a lower pour point, gear oil is expected to grow rapidly over the projection period and hence propel the market.

Synthetic gear oil is utilised in applications that need exceptionally low or high temperatures, extremely high loads, or harsh climatic conditions. This is projected to lead the market growth in the coming years. Furthermore, because of their superior performance and temperature qualities, synthetic greases containing PAO are frequently used in outdoor equipment, and this application is gaining a lot of attention in the market, therefore augmenting the market growth.

 

Key Industry Players in the Global Poly Alpha Olefin (PAO) Market

The report presents a detailed analysis of the following key players in the global poly alpha olefin (PAO) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Exxon Mobil Corporation
  • INEOS
  • Chevron Phillips Chemical Company LLC
  • Lanxess Group
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Gear Oil, Engine Oil, Compressor Oil, Grease
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Exxon Mobil Corporation, INEOS, Chevron Phillips Chemical Company LLC, Lanxess Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Poly Alpha Olefin (PAO) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Poly Alpha Olefin (PAO) Historical Market (2018-2022) 
    8.3    Global Poly Alpha Olefin (PAO) Market Forecast (2023-2028)
    8.4    Global Poly Alpha Olefin (PAO) Market by Application
        8.4.1    Gear Oil
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Engine Oil
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Compressor Oil
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Grease
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
    8.5    Global Poly Alpha Olefin (PAO) Market by Region       
        8.5.1    North America
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022) 
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022) 
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022) 
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022) 
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022) 
            8.5.5.3    Forecast Trend (2023-2028) 
9    North America Poly Alpha Olefin (PAO) Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Poly Alpha Olefin (PAO) Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Poly Alpha Olefin (PAO) Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Poly Alpha Olefin (PAO) Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Poly Alpha Olefin (PAO) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Exxon Mobil Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    INEOS
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Chevron Phillips Chemical Company LLC
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Lanxess Group
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Poly Alpha Olefin (PAO) Market: Key Industry Highlights, 2018 and 2028
2.    Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Application (USD Billion), 2018-2022
3.    Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Application (USD Billion), 2023-2028
4.    Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Region (USD Billion), 2018-2022
5.    Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Region (USD Billion), 2023-2028
6.    North America Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2022
7.    North America Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2023-2028
8.    Europe Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    Europe Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Asia Pacific Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Asia Pacific Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Latin America Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Latin America Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Middle East and Africa Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Middle East and Africa Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Global Poly Alpha Olefin (PAO) Market Structure

Key Questions Answered in the Report

The global poly alpha olefin (PAO) market attained a value of more than USD 1.3 billion  in 2021.

The market is projected to grow at a CAGR of 4.9% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach over USD 1.70 billion by 2027.

The major drivers of the industry include growing usage of lubricants in the automobile industry to increase fuel efficiency.

The market is expected to be defined by technological advancements in the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different applications of poly alpha olefin (PAO) are gear oil, engine oil, compressor oil, and grease.

The major players in the industry are Exxon Mobil Corporation, INEOS, Chevron Phillips Chemical Company LLC, and Lanxess Group, among others.

Analyst Review

The global poly alpha olefin (PAO) market attained a value of more than USD 1.3 billion  in 2021, driven by the automotive lubricant formulations. Aided by the favourable characteristics of PAO, the market is projected to grow at a CAGR of 4.9% in the forecast period of 2023-2028 to reach a value of over USD 1.70 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on applications, the market can be segmented into  gear oil, engine oil, compressor oil, and grease. The major regional markets for poly alpha olefin (PAO) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Exxon Mobil Corporation, INEOS, Chevron Phillips Chemical Company LLC, and Lanxess Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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