Reports
Global Poly Alpha Olefin (PAO) Market Size, Share, Forecast: By Application: Gear Oil, Engine Oil, Compressor Oil, Grease; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032
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 2024-2032 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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 (2018-2023)
8.3 Global Poly Alpha Olefin (PAO) Market Forecast (2024-2032)
8.4 Global Poly Alpha Olefin (PAO) Market by Application
8.4.1 Gear Oil
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Engine Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Compressor Oil
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Grease
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Poly Alpha Olefin (PAO) Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Poly Alpha Olefin (PAO) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Poly Alpha Olefin (PAO) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Poly Alpha Olefin (PAO) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Poly Alpha Olefin (PAO) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Poly Alpha Olefin (PAO) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Global Poly Alpha Olefin (PAO) Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Global Poly Alpha Olefin (PAO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 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 2024-2032 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.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER