Poly Alpha Olefin (PAO) Market Analysis By Application (Gear Oil, Engine Oil, Compressor Oil, Grease) And Segment Forecast To 2025

  • ID: 3934212
  • Report
  • 82 pages
  • Grand View Research
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The global poly alpha olefin (PAO) market is expected to reach USD 1.58 billion by 2025. Increasing offshore drilling activities coupled with growing automotive industry is expected to drive the demand for poly alpha olefin in synthetic lubricant application. 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.

Further key findings from the report suggest:

The global poly alpha olefin (PAO) market demand was 582.4 kilo tons in 2015 and is expected to reach 815.2 kilo tons by 2025, growing at a CAGR of 3.5% from 2016 to 2025

The engine oil was the leading application segment and accounted for over 65% of total market volume in 2015. Growth in this sector may be attributed to increasing use of motor oil in automobile industry under extreme temperatures.

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.

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

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.
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1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2 Executive Summary
2.1 Poly alpha olefin - Industry Summary & Key Buying Criteria
3 Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Poly alpha olefin value chain analysis
3.3.1 Vendor Landscape
3.4 Raw material trends
3.5 Poly alpha olefin Market, IP Landscape
3.5.1 Patent Description
3.6 Technological landscape
3.7 Poly alpha olefin price analysis
3.8 Bio-based production outlook
3.9 Poly alpha olefin market dynamics
3.9.1 Market driver analysis
3.9.1.1 Increasing demand for poly alpha olefin in automotive industry
3.9.1.2 Growing demand for synthetic base fluids in drilling industry
3.9.2 Market restraint analysis
3.9.2.1 Volatile raw material prices
3.10 Key opportunities prioritized
3.11 Industry analysis - Porter’s
3.12 Poly alpha olefin PESTEL analysis
4 Market Categorization 1: Application Estimates & Trend Analysis
4.1 Poly alpha olefin market share by application, 2015 & 2025
4.2 Gear Oil
4.2.1 Market estimates and forecast, 2014 - 2025
4.2.2 Market estimates and forecast by region, 2014 - 2025
4.3 Engine oil
4.3.1 Market estimates and forecast, 2014 - 2025
4.3.2 Market estimates and forecast by region, 2014 - 2025
4.4 Compressor oil
4.4.1 Market estimates and forecast, 2014 - 2025
4.4.2 Market estimates and forecast by region, 2014 - 2025
4.5 Grease
4.5.1 Market estimates and forecast, 2014 - 2025
4.5.2 Market estimates and forecast by region, 2014 - 2025
4.6 Others
4.6.1 Market estimates and forecast, 2014 - 2025
4.6.2 Market estimates and forecast by region, 2014 - 2025
5 Market Categorization 2: Regional Estimates & Trend Analysis
5.1 Poly alpha olefin market share by region, 2015 & 2025
5.2 Global poly alpha olefin market, by region 2014 - 2025
5.3 North America
5.3.1 Market estimates and forecast, 2014 - 2025
5.3.2 Market estimates and forecast by application, 2014 - 2025
5.3.3 U.S.
5.3.3.1 Market estimates and forecast, 2014 - 2025
5.3.3.2 Market estimates and forecast by application, 2014 - 2025
5.4 Europe
5.4.1 Market estimates and forecast, 2014 - 2025
5.4.2 Market estimates and forecast by application, 2014 - 2025
5.4.3 Germany
5.4.3.1 Market estimates and forecast, 2014 - 2025
5.4.3.2 Market estimates and forecast by application, 2014 - 2025
5.4.4 UK
5.4.4.1 Market estimates and forecast, 2014 - 2025
5.4.4.2 Market estimates and forecast by application, 2014 - 2025
5.4.5 France
5.4.5.1 Market estimates and forecast, 2014 - 2025
5.4.5.2 Market estimates and forecast by application, 2014 - 2025
5.5 Asia Pacific
5.5.1 Market estimates and forecast, 2014 - 2025
5.5.2 Market estimates and forecast by application, 2014 - 2025
5.5.3 China
5.5.3.1 Market estimates and forecast, 2014 - 2025
5.5.3.2 Market estimates and forecast by application, 2014 - 2025
5.5.4 India
5.5.4.1 Market estimates and forecast, 2014 - 2025
5.5.4.2 Market estimates and forecast by application, 2014 - 2025
5.5.5 Japan
5.5.5.1 Market estimates and forecast, 2014 - 2025
5.5.5.2 Market estimates and forecast by application, 2014 - 2025
5.5.6 Thailand
5.5.6.1 Market estimates and forecast, 2014 - 2025
5.5.6.2 Market estimates and forecast by application, 2014 - 2025
5.5.7 Malaysia
5.5.7.1 Market estimates and forecast, 2014 - 2025
5.5.7.2 Market estimates and forecast by application, 2014 - 2025
5.5.8 Indonesia
5.5.8.1 Market estimates and forecast, 2014 - 2025
5.5.8.2 Market estimates and forecast by application, 2014 - 2025
5.6 Central & South America
5.6.1 Market estimates and forecast, 2014 - 2025
5.6.2 Market estimates and forecast by application, 2014 - 2025
5.6.3 Brazil
5.6.3.1 Market estimates and forecast, 2014 - 2025
5.6.3.2 Market estimates and forecast by application, 2014 - 2025
5.7 Middle East & Africa
5.7.1 Market estimates and forecast, 2014 - 2025
5.7.2 Market estimates and forecast by application, 2014 - 2025
5.7.3 Saudi Arabia
5.7.3.1 Market estimates and forecast, 2014 - 2025
5.7.3.2 Market estimates and forecast by application, 2014 - 2025
6 Company Profiles
6.1 Chevron Phillips Chemical Company LLC
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Industries and Services Catered
6.1.4 Product Benchmarking
6.1.5 Strategic Initiatives
6.2 ExxonMobil
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Industries and Services Catered
6.2.4 Product Benchmarking
6.2.5 Strategic Initiatives
6.3 Tulstar Products, Inc.
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Industries and Services Catered
6.3.4 Product Benchmarking
6.4 INEOS Oligomers
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Industries and Services Catered
6.4.4 Product Benchmarking
6.4.5 Strategic Initiatives
6.5 Chemtura Corporation
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Industries and Services Catered
6.5.4 Product Benchmarking
6.5.5 Strategic Initiatives
6.6 NACO Corporation
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Industries and Services Catered
6.6.4 Product Benchmarking
6.7 Shanghai Fox Chemical Technology Co., Ltd.
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.8 Lubricon Industries
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Industries and Services Catered
6.8.4 Product Benchmarking
6.9 Idemitsu Kosan Co.,Ltd.
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Industries and Services Catered
6.9.4 Product Benchmarking
6.10 Mitsui Chemicals, Inc.
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Industries and Services Catered
6.10.4 Product Benchmarking
6.11 Shell Chemical Ltd.
6.11.1 Company Overview
6.11.2 Financial Performance
6.11.3 Industries and Services Catered
6.11.4 Product Benchmarking
6.11.5 Strategic Initiatives

List of Tables

Table 1 Poly alpha olefin - Major patents summarized
Table 2 Poly alpha olefin price trend analysis, 2014 - 2015
Table 3 Poly alpha olefin - Key market drivers impact analysis
Table 4 Poly alpha olefin - Market restraint impact analysis
Table 5 Poly alpha olefin demand in gear oil, 2014 - 2025 (Kilo Tons) (USD Million)
Table 6 Poly alpha olefin demand in gear oil, by region, 2014 - 2025 (Kilo Tons)
Table 7 Poly alpha olefin demand in gear oil, by region, 2014 - 2025 (USD Million)
Table 8 Poly alpha olefin demand in engine oil, 2014 - 2025 (Kilo Tons) (USD Million)
Table 9 Poly alpha olefin demand in engine oil, by region, 2014 - 2025 (Kilo Tons)
Table 10 Poly alpha olefin demand in engine oil, by region, 2014 - 2025 (USD Million)
Table 11 Poly alpha olefin demand in compressor oil, 2014 - 2025 (Kilo Tons) (USD Million)
Table 12 Poly alpha olefin demand in compressor oil, by region, 2014 - 2025 (Kilo Tons)
Table 13 Poly alpha olefin demand in compressor oil, by region, 2014 - 2025 (USD Million)
Table 14 Poly alpha olefin demand in grease, 2014 - 2025 (Kilo Tons) (USD Million)
Table 15 Poly alpha olefin demand in grease, by region, 2014 - 2025 (Kilo Tons)
Table 16 Poly alpha olefin demand in grease, by region, 2014 - 2025 (USD Million)
Table 17 Poly alpha olefin demand in Other applications, 2014 - 2025 (Kilo Tons) (USD Million)
Table 18 Poly alpha olefin demand in Other applications, by region, 2014 - 2025 (Kilo Tons)
Table 19 Poly alpha olefin demand in Other applications, by region, 2014 - 2025 (USD Million)
Table 20 Global poly alpha olefin market, by region, 2014 - 2025 (Kilo Tons)
Table 21 Global poly alpha olefin market, by region, 2014 - 2025 (USD Million)
Table 22 North America poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 23 North America poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 24 North America poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 25 U.S. poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 26 U.S. poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 27 U.S. poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 28 Europe poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 29 Europe poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 30 Europe poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 31 Germany poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 32 Germany poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 33 Germany poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 34 UK poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 35 UK poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 36 UK poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 37 France poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 38 France poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 39 France poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 40 Asia Pacific poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 41 Asia Pacific poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 42 Asia Pacific poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 43 China poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 44 China poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 45 China poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 46 India poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 47 India poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 48 India poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 49 Japan poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 50 Japan poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 51 Japan poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 52 Thailand poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 53 Thailand poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 54 Thailand poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 55 Malaysia poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 56 Malaysia poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 57 Malaysia poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 58 Indonesia poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 59 Indonesia poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 60 Indonesia poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 61 Central & South America poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 62 Central & South America poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 63 Central & South America poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 64 Brazil poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 65 Brazil poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 66 Brazil poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 67 Middle East & Africa poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 68 Middle East & Africa poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 69 Middle East & Africa poly alpha olefin market, by application, 2014 - 2025 (USD Million)
Table 70 Saudi Arabia poly alpha olefin market, 2014 - 2025 (Kilo Tons) (USD Million)
Table 71 Saudi Arabia poly alpha olefin market, by application, 2014 - 2025 (Kilo Tons)
Table 72 Saudi Arabia poly alpha olefin market, by application, 2014 - 2025 (USD Million)

List of Figures

Figure 1 Poly alpha olefin market segmentation
Figure 2 Global poly alpha olefin market, 2013 - 2025 (USD Million)
Figure 3 Poly alpha olefin value chain analysis
Figure 4 Poly alpha olefin market dynamics
Figure 5 Global 1-decene price trend, by region, 2010 - 2015 (USD/Ton)
Figure 6 Global poly alpha olefin price trend by region, 2012 - 2022 (USD/kg)
Figure 7 Global poly alpha olefin plant gate cost by region, (USD/ton)
Figure 8 Global consumption of synthetic base stocks, in 2015
Figure 9 Global synthetic lubricant market volume, by product, 2012 - 2015
Figure 10 Global ethylene and crude oil prices, 2010 - 2014 (USD per Ton), (USD per Barrel)
Figure 11 Key opportunities prioritized
Figure 12 Poly alpha olefin- Porter’s analysis
Figure 13 Poly alpha olefin- PESTEL analysis
Figure 14 Poly alpha olefin market share by application, 2015 & 2025
Figure 15 Poly alpha olefin market share by region, 2015 & 2025
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