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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
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