Quick Summary:
In a rapidly evolving industrial landscape, staying ahead means having the right data at your fingertips. Purchasing our meticulously curated PAG Base Oils Market report can help you unlock this advantage. Projected to surpass a valuation of US$2.1 billion by the year 2030, the global market for PAG Base Oils certainly warrants your attention, providing insightful data on a growth sector.
Perhaps most importantly, this report offers granular-level information about multiple segments and influential geographies, including the US and China. Deep-dive analysis into select competitors, alongside percentage market shares provides you with a comprehensive understanding of the competitive landscape. Furthermore, you receive inclusive updates for a year post-purchase, ensuring continuity of insights. Equipped with these tools, you're positioned to navigate the PAG Base Oils industry confidently, formulating strategies that deliver. Don't be left behind – arm yourself with the knowledge to succeed.
Global PAG Base Oils Market to Reach $2.1 Billion by 2030
The global market for PAG Base Oils estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030. Water Soluble PAG Oils, one of the segments analyzed in the report, is projected to record 3.5% CAGR and reach US$981.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water Insoluble PAG Oils segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $454.2 Million, While China is Forecast to Grow at 3.7% CAGR
The PAG Base Oils market in the U.S. is estimated at US$454.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$366.3 Million by the year 2030 trailing a CAGR of 3.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Select Competitors (Total 42 Featured) -
- Denso Corporation
- Exxon Mobil Corporation
- Fuchs Petrolub SE
- Hornett Bros & Co Ltd.
- I.L.C. S.R.L.
- Idemitsu Kosan Co., Ltd.
- Morris Lubricants
- Phillips 66 Company
- Royal Dutch Shell PLC
- TSI Supercool
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for PAG Base Oils?
What is the growth rate of the Global Market for PAG Base Oils?
What is the forecasted size of the Global Market for PAG Base Oils?
Who are the key companies in the Global Market for PAG Base Oils?
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.5 Billion |
| Forecasted Market Value ( USD | $ 2.1 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Denso Corporation
- Exxon Mobil Corporation
- Fuchs Petrolub SE
- Hornett Bros & Co Ltd.
- I.L.C. S.R.L.
- Idemitsu Kosan Co., Ltd.
- Morris Lubricants
- Phillips 66 Company
- Royal Dutch Shell PLC
- TSI Supercool
