Press release
Poly Alpha Olefin (PAO) Market Insights on Trends, Drivers and Opportunities by 2022 & key players - Shell Chemical Ltd., Mitsui Chemicals Inc., Idemitsu Kosan Co., Ltd., Lubricon Industries, Shanghai Fox Chemical Technology Co. Ltd.
Poly Alpha Olefin (PAO) Market was valued at USD 3740 Million in 2017 and projected to reach USD 3980 Million by 2022 growing at a CAGR of 1.09% during the forecast period 2018 to 2022.
Poly Alpha Olefin (PAO) Market Overview:
The polyolefin is a 100% synthetic chemical compound derived from the polymerization of an alpha-olefin. It is a type of organic olefin used in the production of certain synthetic lubricants as a base.
Browse details of 123 number of pages research report developed on Poly Alpha Olefin (PAO) Market @https://www.researchcosmos.com/reports/poly-alpha-olefin-pao-market-report-2017-global-industry-analysis-trends-and-market-overview/83285575
Poly Alpha Olefin (PAO) Market Growth Drivers and Restraints:
The growth of the global poly alpha olefin (PAO) market is due to growth in the automotive industry and increased offshore drilling activity. Macroeconomic factors, such as growth in the economy, population and employment, rising disposable income and the rapid rate of urbanization, as well as industrialization, are also driving the world market. The benefits of poly-alpha-olefins, including good loading capacity, high thermal stability and wear protection, will guide the global market over the forecast period. Value chain integration, increased automation, the rapid pace of technological breakthroughs and increased investment in the automotive industry are some of the factors influencing the global polyolefin market.
The volatility of prices of essential raw materials should remain a major challenge for industry players. The increase in oil production in the countries should ensure the continuous supply of raw material for the production of alpha olefins. In the past, extensive research has been conducted on the development of alpha-olefin manufacturing technologies, which are also underway, which in turn will help in the opportunities for polyolefin industry over the forecast period. The main end users of this market are industry and automotive. Grease, compressor oil, motor oil, gear oil, etc., are the major applications of PAO. Of these, the motor oil segment is expected to represent relatively high share of market revenue, followed by the gear oil segment over the forecast period.
Geographic Insights of Poly Alpha Olefin (PAO) Market:
Among the regions, Western Europe accounts for a relatively high proportion of the world market in terms of value, due to a relatively high share of revenues in the global automotive market. North America is followed by Western Europe in the global market due to the strong demand for passenger cars in the region.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/poly-alpha-olefin-pao-market-report-2017-global-industry-analysis-trends-and-market-overview/83285575
Key Market Players of Poly Alpha Olefin (PAO) Market:
Among the players in the global polyolefin market are Shell Chemical Ltd., Mitsui Chemicals Inc., Idemitsu Kosan Co., Ltd., Lubricon Industries, Shanghai Fox Chemical Technology Co., Ltd., NACO Corporation, Chemtura Corporation., INEOS Oligomers, Tulstar Products, Inc., ExxonMobil and Chevron Phillips Chemical Company LLC.
Poly Alpha Olefin (PAO) Market Key Segmentation:
By Product Type:
• Low Viscosity PAO
• Medium Viscosity PAO
• High Viscosity PAO
By Application:
• Automotive Oils
• Industrial Oils
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/poly-alpha-olefin-pao-market-report-2017-global-industry-analysis-trends-and-market-overview/83285575
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Research Cosmos
www.researchcosmos.com
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Product Name - Polyalphaolefin (PAO)
HS Code - 39029000
Chemical Formula - (CH2CHR)n
Synonyms - Hydrogenated polydecene
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq,…
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