Poly Alpha Olefin (PAO) Market growth outlook with industry review and forecast 2019-2025

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Poly Alpha Olefins (PAO) Market Growth Outlook
with Industry Review and Forecast 2019-2025
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Global Market Scenario of Poly Alpha Olefins
(PAO) Industry

• Automotive OEMs are also recognising benefits of
  Poly Alpha Olefins (PAO) in terms of improving
  engine efficiency and reducing emissions
  contributing in its growing automobile
  applications. Major factors for suitability of
  PAOs in automobile industry include controlled
  structure, absence of lighter more volatile
  (small) hydrocarbons results in lower volatility,
  less hydrocarbon tailpipe emissions and raise in
  a flash point anticipating to propel poly alpha
  olefins market size.
• Poly Alpha Olefin(PAO) are extensively used in
  combination with lower viscosity fluids like
  mineral oils, to achieve wide range of industrial
  lubricants and greases which can be used under
  severe operating conditions stimulating its
  demand. It forms a very non-polar base oil with a
  high viscosity index (of approximately 130),
  excellent low-temperature flow and pour-point
  characteristics because of the absence of ring
  structures, double bonds, sulphur, nitrogen
  components or waxy hydrocarbons.
• POA based biodegradable hydraulic fluids are also
  gaining the global importance encouraging its
  utilisation in regional industries. Stringent
  regulations in Europe pertaining to use of
  biodegradable oils under the policies of White
  Swan Scheme and Blue Angel Scheme, supports
  consumption of biodegradable oils, and
  anticipates to drive demand in regional industry.
• Poly Alpha Olefin (PAO) in market of synthetic
  lubricants holds major market share compared to
  alternatives namely Esters, PAG and Group III
  (Hydro Cracking). Owing to its physical
  chemical properties like high viscosity index,
  lower pour point, low volatility, and better
  thermal stability, PAO should drive industry
  growth during the projected timeframe.

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• Regional Trends-
• North America driven by Canada and the U.S., POA
  market accounted 30 and above of global revenue
  and is anticipated to register significant gains.
  Rise of shale oil gas production in the region
  owing to advent of extraction technology,
  ethylene production is anticipated to increase,
  indirectly fuelling Poly Alpha Olefin (PAO)
  market demand during forecast period as ethylene
  being essential raw material in Poly Alpha Olefin
  (PAO) production.
• Europe driven by U.K., France, and Germany, is
  anticipated to grow steadily followed by North
  America, up to 2024. Growth in Europe can be
  attributed to regulations regarding use of
  biodegradable oils, White Swan Scheme and Blue
  Angel Scheme, respectively. The policy promotes
  consumption of oils with biodegradable base,
  leading to increasing opportunities for regional
  industry growth.
• Asia Pacific driven by India, Japan and China,
  Poly Alpha Olefin (PAO) market size may grow
  significantly over the forecast period. Asia
  Pacific accounted for over 12 of the total
  market volume in 2015 and is estimated to be
  fastest growing regional market owing to rapidly
  driven automotive and OEM industry which is
  experiencing a shift from mineral to synthetic
  based lubricants.
• Ensuring continuous raw material supply for alpha
  olefins production in Russia and the U.S. and
  increase in oil production in OPEC countries
  along with volatile nature of raw material prices
  will remain a key challenge for industry
  participants.

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• Competitive Trends
• Global Poly Alpha Olefin (PAO) market share is
  moderately fragmented with major players
  operating in this market include Shell Chemicals,
  Q-Chem., Chevron Phillips and Sasol. The
  companies plan to expand its production and reach
  through integration and by owning patented
  technologies to propel industry competitiveness.
  These industry players also integrate their
  operations over a value chain which includes raw
  materials production as well as supply and final
  products. Other participants include ExxonMobil
  Corp., INEOS Oligomers and Chevron Phillips a
  Chemical Company LP along with own patented
  technologies for poly alpha olefin production.

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