Home / Chemicals / Poly Alpha Olefin (PAO) Market Growth, Future Prospects & Competitive Analysis, 2016 - 2022

Poly Alpha Olefin (PAO) Market Growth, Future Prospects & Competitive Analysis, 2016 - 2022

Overview:

Poly Alpha Olefin (PAO) is hydrogenated olefin oligomers which are manufactured by the catalytic polymerization of linear alpha olefins. PAO are well defined colorless liquids with wax free combination of molecules of predetermined chain length. Poly Alpha Olefin (PAO) are synthesized by a two step reaction sequence from linear alpha olefins, derived from ethylene. The first step involves synthesis of a mixture of oligomers that are polymers of relatively low molecular weight. Further, after catalytic process, the second step in the manufacturing process includes hydrogenation of unsaturated oligomer.

Poly Alpha Olefin (PAO) are synthetic hydrocarbons which are used as lubricant base oils. At low temperature, PAO have good flow properties and relatively high oxidative and thermal stability. It also possesses higher viscosity index, low evaporation losses at high temperature, good friction behavior and corrosion resistance among others. PAO’s are non-toxic and mix with esters and mineral oils. They are best suited for use in gear oils, hydraulic oils, compressor oils, engine oils and greases among others. As PAO’S have limited oxidative stability, miscibility and biodegradability, they cannot be used for fast biodegradable oils and high performance gear oils.

Growing demand for low viscosity base oils is the major factor driving the growth of global Poly Alpha Olefin (PAO) Market. The beneficial properties of PAO have led to high demand from various transports worldwide. Moreover, increasing demand for modern manufacturing equipment in the emerging regions is anticipated to boost growth of PAO market. The rising financial conditions of the population in the emerging economies have led to demand for modern equipment as it provides high benefits and ease of handling. Hence, PAO market is expected to experience high demand during the forecast period.

The global Poly Alpha Olefin (PAO) market is segmented on the following bases:

1.    Applications

a.    Lubricants

b.    Greases

c.    Industrial Oils

d.    Hydraulic Fluids

e.    Others (Liquid Chillers, etc.)

2.    Geography

a.    North America

               i.    US

               ii.    Canada

b.    Europe

                i.    UK

                ii.    Germany

                iii.    France

                iv.    Rest of Europe

c.    Asia-Pacific (APAC)

                i.    Japan

                ii.    China

                iii.    India

                iv.    Rest of APAC

d.    Middle East and Africa (MEA)

                i.    South Africa

                ii.    Saudi Arabia

                iii.    Rest of MEA

e.    Latin America

Key Players Identified for Poly Alpha Olefin Market Include but are Not Limited to:

CPChem, Chemtura, Exxon Mobil Corporation, INEOS, NACO, Chevron Phillips Chemical Company and Tulstar Products Inc. among others.

This report offers:

  • An overview of the global markets for Poly Alpha Olefin (PAO)market
  • Market trends assessment for the period 2014-2022, with historical information for 2014 & 2015, and projections through 2022, with respective CAGRS during 2016-2022
  • Qualitative assessment tools such as market drivers, challenges and future prospects, market attractiveness and positioning of key players
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the Poly Alpha Olefin (PAO)market
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