Global Poly Alpha Olefin (PAO) Market Insights and Forecast to 2028

Poly alpha olefin (PAO) is colorless liquids with well-defined, wax-free isoparaffinic structures. Poly alpha olefins have a complex branched structure with an olefin bond in the alpha position of one of the branches. Hydrogenated poly alpha olefins have olefin-carbons saturated with hydrogen, which lends excellent thermal stability to the molecule. It is widely used in automotive and industrial fields.
Market Analysis and Insights: Global Poly Alpha Olefin (PAO) Market
Due to the COVID-19 pandemic, the global Poly Alpha Olefin (PAO) market size is estimated to be worth US$ 4236.2 million in 2022 and is forecast to a readjusted size of US$ 4941.6 million by 2028 with a CAGR of 2.6% during the review period. Fully considering the economic change by this health crisis, Low Viscosity PAO accounting for % of the Poly Alpha Olefin (PAO) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Automotive Oils segment is altered to an % CAGR throughout this forecast period.
Global Poly Alpha Olefin (PAO) key players include INEOS, ExxonMobil Chemical, Chevron Phillips Chemical, etc. Global top three manufacturers hold a share over 80%.
North America is the largest market, with a share over 40%, followed by China, and Europe, both have a share about 45 percent.
In terms of product, Low viscosity PAO is the largest segment, with a share over 80%. And in terms of application, the largest application is Automotive oils, followed by Industrial oils.
In terms of production side, this report researches the Poly Alpha Olefin (PAO) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Poly Alpha Olefin (PAO) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Poly Alpha Olefin (PAO) Scope and Segment
Poly Alpha Olefin (PAO) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Poly Alpha Olefin (PAO) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Low Viscosity PAO
Medium Viscosity PAO
High Viscosity PAO
Segment by Application
Automotive Oils
Industrial Oils
By Company
INEOS
ExxonMobil Chemical
Chemical
Lanxess
Naco
Shenyang HCPAO
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE