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Poly Alpha Olefin (PAO) Market By End-User (Industrial, Automobile) By Application (Lubricants, Industrial Oils, Hydraulic Fluids, Greases, Compressor Oil, Engine Oil,Gear Oil, Others) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

About this report

The global poly alpha olefin (PAO) market report explores the critical analysis of the poly alpha olefin (PAO) industry using key parameters. The report consists of investment strategies, the need for investments in the poly alpha olefin (PAO) industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the poly alpha olefin (PAO) industry, as well as how economic and non-economic barriers are helping the poly alpha olefin (PAO) market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter’s five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Poly Alpha Olefin (PAO) Market?

In 2021, the automobile will be the leading segment in the end user. Fuel efficiency and emissions reduction are top priorities for the automobile industry, which is achieved by using high-quality base stocks, such as PAO, in lubricant formulations. Ultimately driving the demand for the PAO.

In 2021, the engine oil category led the poly alpha olefin industry as a whole, and this trend is anticipated to remain for the entire projection period. Major factors contributing to the market’s growth include the surge in industrialization, especially in developing nations.

Which region dominated the Poly Alpha Olefin (PAO) Market?

In 2021, Europe was one of the major contributors to the global poly alpha olefin (PAO) market. Due to the relatively high share of revenue in the automobile industry and the presence of major companies in the area. As a result of both the fierce upstream natural gas market and low crude oil inventories, North America’s poly alpha olefin market was extremely pressured, leading the manufacturers to maintain higher contracts.

What is the competitive environment of the Poly Alpha Olefin (PAO) Market?

A deal signed between Baltic Chemical Plant LLC and Axens will provide alpha-olefin production technology for an ethane-containing gas processing complex in the Leningrad Region. In addition to producing high purity 1-butene, Axens will also provide high purity 1-hexene with its AlphaButol technology. Also, A three-unit production agreement was signed between INEOS and Saudi Aramco and Total in the Middle East. Synthetic lubricants, carbon fiber and engineering polymers will be produced at these plants.

Executive Summary

What are technical developments being developed in the Poly Alpha Olefin (PAO) Industry Market?

A variety of technologies and procedures are used to manufacture poly alpha-olefin. These technologies have been patented by a number of key players in the market. Over the forecast period, extensive research has been conducted on alpha olefin manufacturing technologies, which will fuel the growth of the poly alpha olefin industry.

Which are the key investments by the players in the Poly Alpha Olefin (PAO) Industry Market?

Chemical companies are actively acquiring, expanding their capacities, establishing partnerships, and developing new products to enhance their geographical presence while gaining a competitive edge through inorganic marketing. For instance, it was announced in June 2019 that INEOS and Saudi Aramco had signed an MoU to construct a 400,000-tonne LAO (linear alpha olefin) plant in Saudi Arabia and an associated PAO (poly alpha olefin) facility on a global scale. Furthermore, in September 2020, Axens signed an agreement with Baltic Chemical Plant LLC to supply its alpha-olefins production technology to support a complex gas-chemical construction project along the Gulf of Finland. A $156-billion effort by the German government to fight COVID-19-related economic damage includes plans for tripling purchase incentives for EV batteries. It is anticipated that the Tesla Gigafactory in Berlin will assist Germany’s electric vehicle industry to grow in the coming years while also benefiting the country’s poly alpha olefins industry.

Some of the major players in the market are Shell Chemical Ltd., Mitsui Chemicals, Inc., Idemitsu Kosan Co., Ltd., Lubricon Industries, Shanghai Fox Chemical Technology Co., Ltd., NACO Corporation, Chemtura Corporation, INEOS Oligomers, Tulstar Products, Inc, ExxonMobil, and Chevron Phillips Chemical Company LLC.

What are the Major Driving Factors for the Poly Alpha Olefin (PAO) Market?

The automobile will likely lead to an acceleration in market growth. As the automobile industry strives to improve fuel efficiency and reduce emissions, high-quality basic stocks such as poly alpha olefin (PAO) are increasingly used in automobile lubricant formulations. As air pollution levels rise in response to pollutants released from fuel combustion, an effective solution is in high demand, stimulating the market.

What are the Major Risks for the Poly Alpha Olefin (PAO) Market?

Global poly alpha olefin (PAO) market growth has been restricted by the growing number of automobiles contributing to rising greenhouse gas emissions. The price volatility of essential raw materials is expected to remain a major challenge for the industry.

Which is the key Application in the Poly Alpha Olefin (PAO) Market

The engine oil sector dominated the poly alpha olefin (PAO) market in 2021. At high temperatures, it resists oil consumption, viscosity breakdown, sludging, and oxidation, while at low temperatures, it is used to lubricate at both ends of the temperature spectrum. A higher degree of hydrolytic stability and demulsibility, a higher viscosity index (VI), and a lower pour point will all contribute to the rapid growth of gear oil over the projection period. In addition to lower CO2 emissions, the growing demand for better-performing engine oils and lubricants for industrial equipment is driving the market’s growth. It is increasingly important in automobile lubricant formulations to use high-quality base stocks, such as PAO, to improve fuel efficiency and reduce emissions. Automotive lubricants play a crucial role in the manufacturing of automobiles since they are extensively used in engines and other automotive components. Lubricants are also used in hybrid electric vehicles to prevent copper corrosion of electrical components. For managing thermal characteristics in electric vehicles, PAO-based synthetic lubricants are utilized. In addition to improving oxidative stability, PAO-based synthetic lubricants enable longer product life, drain intervals, and desirable electrical conditions over the lubricant’s lifetime.

How is the Poly Alpha Olefin (PAO) Market performing in regions?

In 2021, the global Poly Alpha Olefin (PAO) market was dominated by Europe. Poly alpha olefins are in high demand across Europe because of the rapid growth of the industrial sector, which has accelerated urbanization in Europe. Residents are choosing more customized smart homes to improve their quality of life. The German market is particularly important for poly alpha olefins as manufacturers seek to build lighter, more fuel-efficient vehicles. Poly alpha olefins also play a fundamental role in electric vehicle components. With its high demand for passenger cars, high technological advancements, automobile industry, and presence of major players across regions, Western Europe leads the global poly alpha olefin (PAO) market.

Besides, The IoT market in the North American region is anticipated to grow fastest. It is particularly beneficial to petrochemical producers in the U.S. due to the boom in shale gas production, which will impact ethylene production, an essential raw material for PAO production. Shale gas production, which impacts ethylene production, an essential raw material for PAO production, is particularly beneficial to petrochemical producers in the U.S.

What is the regulatory landscape for the Poly Alpha Olefin (PAO) Market?

As a result of the container crisis at ports and restrictions imposed by the Chinese government in compliance with its zero-covid policy, Polyalpholefin consignments were delayed in reaching the Chinese downstream market in December, causing prices to settle around USD 3,683/MT.

What is the Market Size of the Poly Alpha Olefin (PAO) regarding value?

The global poly alpha olefin (PAO) market is anticipated to grow at a substantial CAGR of 4.70% in the upcoming years. The global poly alpha olefin (PAO) industry was estimated to be worth USD 1,198.3 million in 2021 and was expected to be worth USD 1,578.5 million by 2028.

What major players are planning for the future of the Poly Alpha Olefin (PAO) Market?

In order to achieve a competitive edge, these chemical entities are actively investing, acquiring, expanding capacity, forming partnerships, and developing new products and differentials. It was announced in June 2019 that INEOS and Saudi Aramco had signed an MoU to construct a 400,000-tonne LAO (linear alpha olefin) plant in Saudi Arabia and an associated PAO (poly alpha olefin) facility on a global scale.

Segmentation of Global Poly Alpha Olefin (PAO) Market-

Global Poly Alpha Olefin (PAO) Market – By End-User

Industrial
Automobile

Global Poly Alpha Olefin (PAO) Market – By Application

Lubricants
Industrial Oils
Hydraulic Fluids
Greases
Compressor Oil
Engine Oil
Gear Oil
Others (Liquid Chillers)

Global Poly Alpha Olefin (PAO) Market – By Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Poly Alpha Olefin (PAO) Market
2.2. Global Poly Alpha Olefin (PAO) Market, By End Use
2.3. Global Poly Alpha Olefin (PAO) Market, By Application
2.4. Global Poly Alpha Olefin (PAO) Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Poly Alpha Olefin (PAO) Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. End Use
3.3.2. Application
3.3.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID 19 Impact Analysis
6.1. Global Poly Alpha Olefin (PAO) Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Internet of Things Market
7.1. Global Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Poly Alpha Olefin (PAO) Market, By End Use, 2021 vs 2028 (in%)
7.1.3. Global Poly Alpha Olefin (PAO) Market, By Industrial, 2016-2028 (US$ Bn)
7.1.4. Global Poly Alpha Olefin (PAO) Market, By Automobile, 2016-2028 (US$ Bn)
7.2. Global Poly Alpha Olefin (PAO) Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Poly Alpha Olefin (PAO) Market, By Application, 2021 vs 2028 (in%)
7.2.3. Global Poly Alpha Olefin (PAO) Market, By Lubricants, 2016-2028 (US$ Bn)
7.2.4. Global Poly Alpha Olefin (PAO) Market, By Industrial Oils, 2016-2028 (US$ Bn)
7.2.5. Global Poly Alpha Olefin (PAO) Market, By Hydraulic Fluids, 2016-2028 (US$ Bn)
7.2.6. Global Poly Alpha Olefin (PAO) Market, By Greases, 2016-2028 (US$ Bn)
7.2.7. Global Poly Alpha Olefin (PAO) Market, By Compressor Oil, 2016-2028 (US$ Bn)
7.2.8. Global Poly Alpha Olefin (PAO) Market, By Engine Oil, 2016-2028 (US$ Bn)
7.2.9. Global Poly Alpha Olefin (PAO) Market, By Gear Oil, 2016-2028 (US$ Bn)
7.2.10. Global Poly Alpha Olefin (PAO) Market, By Others, 2016-2028 (US$ Bn)

8. North America Poly Alpha Olefin (PAO) Market Analysis
8.1. North America Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Poly Alpha Olefin (PAO) Market, by Application, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
8.3.1. U.S.
8.3.1.1. U.S. Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.1.2. U.S. Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
8.3.1.3. U.S. Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
8.3.2. Canada
8.3.2.1. Canada Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.2.2. Canada Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
8.3.2.3. Canada Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)

9. Europe Poly Alpha Olefin (PAO) Market Analysis
9.1. Europe Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Poly Alpha Olefin (PAO) Market, by Application, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
9.3.1. Germany
9.3.1.1. Germany Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.1.2. Germany Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
9.3.1.3. Germany Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
9.3.2. France
9.3.2.1. France Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.2.2. France Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
9.3.2.3. France Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
9.3.3. UK
9.3.3.1. UK Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.3.2. UK Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
9.3.3.3. UK Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
9.3.4. Italy
9.3.4.1. Italy Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.4.2. Italy Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
9.3.4.3. Italy Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
9.3.5. Spain
9.3.5.1. Spain Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.5.2. Spain Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
9.3.5.3. Spain Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.6.2. Rest of Europe Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
9.3.6.3. Rest of Europe Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)

10. Asia Pacific Poly Alpha Olefin (PAO) Market Analysis
10.1. Asia Pacific Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Poly Alpha Olefin (PAO) Market, by Application, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
10.3.1. China
10.3.1.1. China Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.1.2. China Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
10.3.1.3. China Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
10.3.2. Japan
10.3.2.1. Japan Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.2.2. Japan Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
10.3.2.3. Japan Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
10.3.3. India
10.3.3.1. India Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.3.2. India Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
10.3.3.3. India Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
10.3.4. South Korea
10.3.4.1. South Korea Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.4.2. South Korea Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
10.3.4.3. South Korea Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
10.3.5. South-East Asia
10.3.5.1. South-East Asia Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.5.2. South-East Asia Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
10.3.5.3. South-East Asia Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.6.2. Rest of Asia Pacific Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
10.3.6.3. Rest of Asia Pacific Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)

11. Latin America Poly Alpha Olefin (PAO) Market Analysis
11.1. Latin America Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Poly Alpha Olefin (PAO) Market, by Application, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
11.3.1. Brazil
11.3.1.1. Brazil Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.1.2. Brazil Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
11.3.1.3. Brazil Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
11.3.2. Mexico
11.3.2.1. Mexico Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.2.2. Mexico Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
11.3.2.3. Mexico Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.3.2. Rest of Latin America Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
11.3.3.3. Rest of Latin America Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)

12. Middle East and Africa Poly Alpha Olefin (PAO) Market Analysis
12.1. Middle East and Africa Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Poly Alpha Olefin (PAO) Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
12.3.1. GCC Countries
12.3.1.1. GCC Countries il Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.1.2. GCC Countries Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
12.3.1.3. GCC Countries Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
12.3.2. South Africa
12.3.2.1. South Africa Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.2.2. South Africa Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
12.3.2.3. South Africa Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Poly Alpha Olefin (PAO) Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.3.2. Rest of Middle East and Africa Poly Alpha Olefin (PAO), By End Use, 2016-2028 (US$ Bn)
12.3.3.3. Rest of Middle East and Africa Poly Alpha Olefin (PAO), By Application, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Shell Chemical Ltd.
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Mitsui Chemicals, Inc.
13.3. Idemitsu Kosan Co. Ltd.
13.4. Lubricon Industries
13.5. Shanghai Fox Chemical Technology Co., Ltd.
13.6. NACO Corporation
13.7. Chemtura Corporation
13.8. INEOS Oligomers
13.9. Tulstar Products, Inc
13.10. ExxonMobil
13.11. Chevron Phillips Chemical Company LLC.
13.12. Others

List of Figures

FIG. 1 Global Poly Alpha Olefin (PAO) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Poly Alpha Olefin (PAO) Market Segmentation
FIG. 4 Global Poly Alpha Olefin (PAO) Market, by End Use, 2021 (US$ Bn)
FIG. 5 Global Poly Alpha Olefin (PAO) Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Poly Alpha Olefin (PAO) Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by End Use, 2021
FIG. 8 Attractive Investment Proposition, by Application, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Share Analysis of Key Poly Alpha Olefin (PAO) Market Manufacturers, 2021
FIG. 11 Global Market Positioning of Key Poly Alpha Olefin (PAO) Market Manufacturers, 2021
FIG. 12 Global Poly Alpha Olefin (PAO) Market Value Contribution, By End Use, 2021 & 2028 (Value %)
FIG. 13 Global Poly Alpha Olefin (PAO) Market, by Industrial, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Poly Alpha Olefin (PAO) Market, by Automobile, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Poly Alpha Olefin (PAO) Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 16 Global Poly Alpha Olefin (PAO) Market, by Lubricants, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Poly Alpha Olefin (PAO) Market, by Industrial Oils, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Poly Alpha Olefin (PAO) Market, by Hydraulic Fluids, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Poly Alpha Olefin (PAO) Market, by Greases, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Poly Alpha Olefin (PAO) Market, by Compressor Oil, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Poly Alpha Olefin (PAO) Market, by Engine Oil, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Poly Alpha Olefin (PAO) Market, by Gear Oil, Value, 2016-2028 (US$ Bn)
FIG. 23 Global Poly Alpha Olefin (PAO) Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 24 U.S. Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 25 Canada Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 26 Germany Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 27 France Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 28 U.K. Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 29 Italy Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 30 Spain Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 31 Rest of Europe Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 32 China Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 33 Japan Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 34 India Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 35 South Korea Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 36 Southeast Asia Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 37 Rest of Asia Pacific Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 38 Latin America Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 39 Brazil Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 40 Mexico Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 41 Rest of Latin America Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 42 Middle East & Africa Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 43 GCC Countries Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 44 South Africa Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)
FIG. 45 Rest of Middle East and Africa Poly Alpha Olefin (PAO) Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Poly Alpha Olefin (PAO) Market
TABLE 2 Global Poly Alpha Olefin (PAO) Market, by Competitive Benchmarking, 2021
TABLE 3 Global Poly Alpha Olefin (PAO) Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Poly Alpha Olefin (PAO) Market, by Key Strategies Analysis, 2021
TABLE 5 Global Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 6 Global Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 Global Poly Alpha Olefin (PAO) Market, by Geography, 2016-2028 (US$ Bn)
TABLE 8 North America Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 9 North America Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 North America Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
TABLE 11 US Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 12 US Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Canada Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 14 Canada Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Europe Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 16 Europe Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 17 Europe Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
TABLE 18 Germany Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 19 Germany Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 20 France Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 21 France Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 UK Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 23 UK Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 24 Italy Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 25 Italy Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 26 Spain Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 27 Spain Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 28 Rest of Europe Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 29 Rest of Europe Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 30 Asia Pacific Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 31 Asia Pacific Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 32 Asia Pacific Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
TABLE 33 China Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 34 China Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 35 Japan Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 36 Japan Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 37 India Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 38 India Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 39 South Korea Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 40 South Korea Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 41 South East Asia Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 42 South East Asia Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 43 Rest of Asia Pacific Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 44 Rest of Asia Pacific Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 45 Bn)
TABLE 46 Latin America Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 47 Latin America Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 48 Latin America Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
TABLE 49 Brazil Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 50 Brazil Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 51 Mexico Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 52 Mexico Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 53 Rest of Latin America Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 54 Rest of Latin America Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 55 Middle East and Africa Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 56 Middle East and Africa Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 57 Middle East and Africa Poly Alpha Olefin (PAO) Market, by Country, 2016-2028 (US$ Bn)
TABLE 58 GCC Countries Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 59 GCC Countries Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 60 South Africa Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 61 South Africa Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)
TABLE 62 Rest of Middle East and Africa Poly Alpha Olefin (PAO) Market, by End Use, 2016-2028 (US$ Bn)
TABLE 63 Rest of Middle East and Africa Poly Alpha Olefin (PAO) Market, by Application, 2016-2028 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global poly alpha olefin (PAO) market?

The poly alpha olefin (PAO) market also suffered from the COVID-19 pandemic, which resulted in a decline in revenue generated in 2020. As evidenced by the increase in crude oil and petroleum products following the removal of restrictions, the ongoing COVID-19 pandemic negatively impacts poly alpha olefin prices.

Which is the leading market for poly alpha olefin (PAO) market?

Europe accounted for the highest share in the Poly Alpha Olefin (PAO) Market. A major regulatory framework that supports biodegradable base oils in Europe is the Blue Angel Scheme and the White Swan Scheme.

What are the key drivers for the growth of the poly alpha olefin (PAO) Market?

The growth is primarily driven by expanding automotive industry and rising offshore drilling activity, an increasing economy, a growing population and employment, rising disposable incomes, and rapid urbanization and industrialization.

Which is the major segment in the poly alpha olefin (PAO) market by end-user?

Automobile had a major share in 2021. Besides, it is also projected to witness the fastest growth. Fuel efficiency and emissions reduction are top priorities for the automobile industry, which is achieved by using high-quality base stocks, such as PAO, in lubricant formulations. Ultimately driving the demand for the PAO.

Which is the major segment in the poly alpha olefin (PAO) market by applications?

The engine oil had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period. Major factors contributing to the market’s growth include the surge in industrialization, especially in developing nations.

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