Skip to main content

Poly Alpha Olefin (PAO) Market Analysis, Opportunities and Forecast To 2025

Increasing offshore drilling activities coupled with growing automotive industry is expected to drive the demand for poly alpha olefin in synthetic lubricant application. The Global Poly Alpha Olefin (PAO) Market is expected to reach USD 1.58 billion by 2025, according to a new report by Grand View Research, Inc.


High growth markets such as India, China, UAE, and Brazil have been shifting their preferences towards high-grade lubricants from conventional mineral oils. This factor is anticipated to remain the key driving factor for the growth of PAO over the forecast period.

PAO has various advantages over conventional lubricants such as wear & tear protection, excellent thermal stability, and good load carrying capacity which is anticipated to propel PAO industry growth over the forecast period.

PAO based synthetic fluids are expected to gain importance in future owing to lower toxicity, bioaccumulation potential and fluid loss as compared with oil base fluids (OBF). Growing concern toward downhole losses and rising maintenance expenses in deepwater projects have urged oil & gas companies to move toward such efficient drilling oils.

Europe PAO market is anticipated to grow at a CAGR of 3.1% from 2016 to 2025 and accounted for over 40% of global volume in 2015. The growth may be attributed to regulatory support towards biodegradable products such as The Blue Angel Scheme and The White Swan Scheme.

To Know More About Poly Alpha Olefin Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/poly-alpha-olefin-pao-market

Asia Pacific accounted for over 12% of the total market volume in 2015 and is estimated to be the fastest growing regional market on account of growing automotive industry which is experiencing a shift from mineral to synthetic based lubricants.

Top Players of Poly Alpha Olefin (PAO) Market:

Key industry participants in the market include Chevron Phillips Chemical Company LLC, ExxonMobil, Tulstar Products, Inc, INEOS Oligomers, Chemtura Corporation, NACO Corporation, Shanghai Fox Chemical Technology Co., Ltd., Lubricon Industries, Idemitsu Kosan Co., Ltd., Mitsui Chemicals, Inc., Shell Chemical Ltd.

Market Segmentation of Poly Alpha Olefin (PAO) Market:

The Global Poly Alpha Olefin Market segmented on the basis of Application and Region.

By Application:

    Gear Oil
    Engine Oil
    Compressor Oil
    Grease

By Region:

    North America
        US
    Europe
        Germany
        UK
        France
    Asia Pacific
        China
        India
        Japan
        Thailand
        Malaysia
        Indonesia
    Central & South America
        Brazil
    Middle East & Africa

Inquire about Poly Alpha Olefin Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3178
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...
Post a Comment
Read more

Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability. Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products acros...
Post a Comment
Read more