Low Viscosity Poly Alpha Olefin Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Viscosity Less than 5 cSt, Viscosity 5-10 cSt), By Application (Aerosol, Adhesives/Sealants, Refining/Oil & Gas Production, Lubricant & Grease Manufacturers, Metal Working, Cosmetics, Mining and Others), By Region and Competition 2018-2028F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationLow Viscosity Poly Alpha Olefin Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Viscosity Less than 5 cSt, Viscosity 5-10 cSt), By Application (Aerosol, Adhesives/Sealants, Refining/Oil & Gas Production, Lubricant & Grease Manufacturers, Metal Working, Cosmetics, Mining and Others), By Region and Competition 2018-2028F
Low Viscosity Poly Alpha Olefin market is anticipated to increase an impressive rate through 2028. Poly alpha olefin is a synthetic chemical compound used to produce different synthetic lubricants that can be used as a lubricant, oil, and other products. Low-viscosity poly alpha olefin is one of the most conventional & significant synthetic base oil utilized as industrial and automotive lubricants. It has low volatility, excellent low-temperature performance properties, and enhanced oxidative stability compared to mineral oil base stocks.
Due to its different properties, it is demanded by different end-user industries such as aerosol, adhesives/sealants, refining/oil & gas production, lubricant & grease manufacturers, metal working, cosmetics, mining, and other industries. Growing demand for vehicles such as cars, buses, and airplanes where low-viscosity poly alpha olefin-based lubricant & engine oil is needed, will propel the low-viscosity poly alpha olefin market. Apart from these, government policies and initiatives to push the transportation infrastructure are expected to drive the demand for low-viscosity poly alpha olefin in the forecasted period.
In developing countries and economies, around 45,772,571 units of vehicles were produced in the year 2021, which is 8% more in number compared to 2020.
The manufacturing sector makes up roughly 16% of the world's GDP and 14% of all employees, as it is gaining significant demand worldwide.
Increasing Demand from Emerging Economies is Driving the Market Growth
Recent Development
- ExxonMobil Chemical Patents Incfiled a patent for the product made from low-viscosity poly alpha olefin basedon 1-decene and 1-dodecane, that will expire in 2026. The PAO comprises a1-decene and 1-dodecane mixture with low viscosity and excellent coldtemperature properties using a promoter system, comprising alcohol.
Market Segmentation
Market Players
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in million tons and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; Germany; France; United Kingdom; Spain; Italy; China; India; Japan; Australia; Malaysia; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; Qatar; Egypt. |
| Key companies profiled | INEOS Group Holdings S.A., Exxonmobil Chemical International Services Limited, Chevron Phillips Chemical Company LLC, Shanghai Matex Chemicals Co.,Ltd., Dowpol Chemical International Corporation, RB Products Holding, L.L.C. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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