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Global Polyalphaolefin (PAO) Market Size study & Forecast, by End User (Industrial, automobile), By Application (Lubricant, Industrial Oil, Hydraulic Fluids, Greases, Compressor Oil, Engine Oil, Gear Oil and Others), By Type (Low Viscosity Polyalphaolefin, Medium Viscosity Polyalphaolefin and High Viscosity Polyalphaolefin), and Regional Analysis, 2022-2029

May 2023 | 200 pages | ID: G282590AC43DEN
Bizwit Research & Consulting LLP

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Global Polyalphaolefin (PAO) Market is valued at approximately USD XXX million in 2021 and is anticipated to grow with a healthy growth rate of more than XXX over the forecast period 2022-2029. Polyalphaolefin (PAO) is a synthetic hydrocarbon that is used as a base oil in a variety of industrial and automotive lubricants. The PAO market refers to the global trade of this specific chemical compound. PAOs are highly stable and resistant to oxidation, which makes them an ideal base oil for lubricants that need to operate under high stress or extreme conditions. They have a very low pour point, which means that they remain fluid at very low temperatures, making them ideal for use in cold weather applications. The market demand is primarily driven by the factors such as PAOs being widely used as base oils in high-performance lubricants that are required to operate under extreme conditions, such as high temperatures, high pressure, and heavy loads. The increasing demand for such lubricants in various industries, such as automotive, aerospace, and industrial manufacturing, is driving the growth of the PAO market, coupled with Governments around the world are implementing strict regulations on emissions and environmental impact. PAOs offer a more environmentally friendly alternative to conventional lubricants, which contain mineral oils that are harmful to the environment.

In addition, the automotive industry is a major consumer of PAOs due to the high demand for lubricants in engine oils, transmission fluids, and other applications. As the automotive industry continues to grow, the demand for PAOs is also expected to increase. According to Statista,inn 2021, the value of the global automotive manufacturing market was estimated to be 2.86 trillion dollars. According to projections, the market will reach approximately 2.95 trillion dollars in 2022, growing at a 3.15% annual rate, thus, in turn, these factors are likely to escalate the demand for Polyalphaolefin in the global market. Furthermore, there is an increasing demand for bio-based lubricants due to their eco-friendliness and lower carbon footprint. This has created an opportunity for the development of bio-based PAOs that can offer similar performance properties as synthetic PAOs, as well as PAOs, are widely used in lubricants for high-efficiency engines and equipment, such as electric vehicles and wind turbines. As the world shifts towards cleaner and more efficient energy sources, there will be an increasing demand for PAOs in such applications that are presenting lucrative opportunities for market growth over the forthcoming years. However, PAOs are derived from crude oil, and their prices are influenced by the volatility of crude oil prices. Fluctuating crude oil prices can make the pricing of PAOs unpredictable and can impact the profitability of PAO manufacturers are restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Polyalphaolefin (PAO) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the automobile industry having a significantly greater revenue share, and key players are present in the region. Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as Rising offshore exploration operations, as well as growth and expansion of the automobile sector in this region are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Exxon Mobil Corporation.
TULSTAR PRODUCTS INC.
LANXESS AG
LUKOIL Marine Lubricants DMCC
Shell Plc
Chevron Corporation
INEOS Group
Lubricon
Idemitsu Kosan Co., Ltd.
Mitsui Chemicals, Inc.
Recent Developments in the Market:
In June 2022, ExxonMobil enhanced its residual productions into relatively high lubricant base stocks and cleaner fuels as part of its Singapore Resid Upgrade Project. The initiative comes as the demand for cleaner fuels and engine lubricants develops.
In January 2021, INEOS announced the acquisition of BP's aromatics and acetyls business, which includes a PAO plant in Belgium. This acquisition is expected to strengthen INEOS's position in the PAO market.

Global Polyalphaolefin (PAO) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered End User, Application, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End User:
Industrial
Automobile

By Application:
Lubricant
Industrial Oil
Hydraulic Fluids
Greases
Compressor Oil
Engine Oil
Gear Oil and Others

By Type:
Low Viscosity Polyalphaolefin
Medium Viscosity Polyalphaolefin
High Viscosity Polyalphaolefin

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
  1.2.1. Polyalphaolefin (PAO) Market, by Region, 2019-2029 (USD Million)
  1.2.2. Polyalphaolefin (PAO) Market, by End User, 2019-2029 (USD Million)
  1.2.3. Polyalphaolefin (PAO) Market, by Application, 2019-2029 (USD Million)
  1.2.4. Polyalphaolefin (PAO) Market, by Type, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL POLYALPHAOLEFIN (PAO) MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL POLYALPHAOLEFIN (PAO) MARKET DYNAMICS

3.1. Polyalphaolefin (PAO) Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Growth in the automotive industry.
    3.1.1.2. Growing demand for high-performance lubricants.
    3.1.1.3. Stringent environmental regulations by government.
  3.1.2. Market Challenges
    3.1.2.1. Fluctuating crude oil prices.
  3.1.3. Market Opportunities
    3.1.3.1. Increasing focus on energy efficiency.
    3.1.3.2. Growing demand for bio-based PAOs.

CHAPTER 4. GLOBAL POLYALPHAOLEFIN (PAO) MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL POLYALPHAOLEFIN (PAO) MARKET, BY END USER

6.1. Market Snapshot
6.2. Global Polyalphaolefin (PAO) Market by End User, Performance - Potential Analysis
6.3. Global Polyalphaolefin (PAO) Market Estimates & Forecasts by End User 2019-2029 (USD Million)
6.4. Polyalphaolefin (PAO) Market, Sub Segment Analysis
  6.4.1. Industrial
  6.4.2. Automobile

CHAPTER 7. GLOBAL POLYALPHAOLEFIN (PAO) MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Polyalphaolefin (PAO) Market by Application, Performance - Potential Analysis
7.3. Global Polyalphaolefin (PAO) Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Polyalphaolefin (PAO) Market, Sub Segment Analysis
  7.4.1. Lubricant
  7.4.2. Industrial Oil
  7.4.3. Hydraulic Fluids
  7.4.4. Greases
  7.4.5. Compressor Oil
  7.4.6. Engine Oil
  7.4.7. Gear Oil and Others

CHAPTER 8. GLOBAL POLYALPHAOLEFIN (PAO) MARKET, BY TYPE

8.1. Market Snapshot
8.2. Global Polyalphaolefin (PAO) Market by Type, Performance - Potential Analysis
8.3. Global Polyalphaolefin (PAO) Market Estimates & Forecasts by Type 2019-2029 (USD Million)
8.4. Polyalphaolefin (PAO) Market, Sub Segment Analysis
  8.4.1. Low Viscosity Polyalphaolefin
  8.4.2. Medium Viscosity Polyalphaolefin
  8.4.3. High Viscosity Polyalphaolefin

CHAPTER 9. GLOBAL POLYALPHAOLEFIN (PAO) MARKET, REGIONAL ANALYSIS

9.1. Polyalphaolefin (PAO) Market, Regional Market Snapshot
9.2. North America Polyalphaolefin (PAO) Market
  9.2.1. U.S. Polyalphaolefin (PAO) Market
    9.2.1.1. End User breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
    9.2.1.3. Type breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Polyalphaolefin (PAO) Market
9.3. Europe Polyalphaolefin (PAO) Market Snapshot
  9.3.1. U.K. Polyalphaolefin (PAO) Market
  9.3.2. Germany Polyalphaolefin (PAO) Market
  9.3.3. France Polyalphaolefin (PAO) Market
  9.3.4. Spain Polyalphaolefin (PAO) Market
  9.3.5. Italy Polyalphaolefin (PAO) Market
  9.3.6. Rest of Europe Polyalphaolefin (PAO) Market
9.4. Asia-Pacific Polyalphaolefin (PAO) Market Snapshot
  9.4.1. China Polyalphaolefin (PAO) Market
  9.4.2. India Polyalphaolefin (PAO) Market
  9.4.3. Japan Polyalphaolefin (PAO) Market
  9.4.4. Australia Polyalphaolefin (PAO) Market
  9.4.5. South Korea Polyalphaolefin (PAO) Market
  9.4.6. Rest of Asia Pacific Polyalphaolefin (PAO) Market
9.5. Latin America Polyalphaolefin (PAO) Market Snapshot
  9.5.1. Brazil Polyalphaolefin (PAO) Market
  9.5.2. Mexico Polyalphaolefin (PAO) Market
  9.5.3. Rest of Latin America Polyalphaolefin (PAO) Market
9.6. Rest of The World Polyalphaolefin (PAO) Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Exxon Mobil Corporation.
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. TULSTAR PRODUCTS INC.
  10.2.3. LANXESS AG
  10.2.4. LUKOIL Marine Lubricants DMCC
  10.2.5. Shell Plc
  10.2.6. Chevron Corporation.
  10.2.7. INEOS Group
  10.2.8. Lubricon
  10.2.9. Idemitsu Kosan Co., Ltd.
  10.2.10. Mitsui Chemicals, Inc.

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Polyalphaolefin (PAO) Market, report scope
TABLE 2. Global Polyalphaolefin (PAO) Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Polyalphaolefin (PAO) Market estimates & forecasts by End User 2019-2029 (USD Million)
TABLE 4. Global Polyalphaolefin (PAO) Market estimates & forecasts by Application 2019-2029 (USD Million)
TABLE 5. Global Polyalphaolefin (PAO) Market estimates & forecasts by Type 2019-2029 (USD Million)
TABLE 6. Global Polyalphaolefin (PAO) Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 7. Global Polyalphaolefin (PAO) Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Polyalphaolefin (PAO) Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Polyalphaolefin (PAO) Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Polyalphaolefin (PAO) Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Polyalphaolefin (PAO) Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Polyalphaolefin (PAO) Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Polyalphaolefin (PAO) Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Polyalphaolefin (PAO) Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. Global Polyalphaolefin (PAO) Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. U.S. Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 17. U.S. Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 18. U.S. Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 19. Canada Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 20. Canada Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. Canada Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 22. UK Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 23. UK Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. UK Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 25. Germany Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 26. Germany Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. Germany Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 28. France Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 29. France Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. France Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 31. Italy Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 32. Italy Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Italy Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 34. Spain Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 35. Spain Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. Spain Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 37. RoE Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 38. RoE Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. RoE Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 40. China Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 41. China Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. China Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 43. India Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 44. India Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. India Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 46. Japan Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 47. Japan Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. Japan Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 49. South Korea Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 50. South Korea Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. South Korea Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 52. Australia Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 53. Australia Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. Australia Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 55. RoAPAC Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 56. RoAPAC Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. RoAPAC Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 58. Brazil Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 59. Brazil Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Brazil Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 61. Mexico Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 62. Mexico Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. Mexico Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 64. RoLA Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 65. RoLA Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. RoLA Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 67. Row Polyalphaolefin (PAO) Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 68. Row Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. Row Polyalphaolefin (PAO) Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Polyalphaolefin (PAO) Market
TABLE 71. List of primary sources, used in the study of global Polyalphaolefin (PAO) Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Polyalphaolefin (PAO) Market, research methodology
FIG 2. Global Polyalphaolefin (PAO) Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Polyalphaolefin (PAO) Market, key trends 2021
FIG 5. Global Polyalphaolefin (PAO) Market, growth prospects 2022-2029
FIG 6. Global Polyalphaolefin (PAO) Market, porters 5 force model
FIG 7. Global Polyalphaolefin (PAO) Market, pest analysis
FIG 8. Global Polyalphaolefin (PAO) Market, value chain analysis
FIG 9. Global Polyalphaolefin (PAO) Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Polyalphaolefin (PAO) Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Polyalphaolefin (PAO) Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Polyalphaolefin (PAO) Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Polyalphaolefin (PAO) Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Polyalphaolefin (PAO) Market, regional snapshot 2019 & 2029
FIG 15. North America Polyalphaolefin (PAO) Market 2019 & 2029 (USD Million)
FIG 16. Europe Polyalphaolefin (PAO) Market 2019 & 2029 (USD Million)
FIG 17. Asia Pacific Polyalphaolefin (PAO) Market 2019 & 2029 (USD Million)
FIG 18. Latin America Polyalphaolefin (PAO) Market 2019 & 2029 (USD Million)
FIG 19. Global Polyalphaolefin (PAO) Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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