Low Viscosity Poly Alpha Olefin Market [2028] Analysis by Trends, Share, Demands, Forecast

Report Description

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.

Growing Demand from Automobile Industries is Driving the Market Growth
Growing people's awareness on pollution created by vehicles and developing advanced and powerful engines require innovative and advanced lubrication & oil solution. Creating modern engines and transmissions is impossible without advanced lubricant additive chemicals and appropriate lubricant composition. Low viscosity poly alpha olefin exhibits excellent performance, such as low-temperature fluidity, enhanced thermal & oxidative stability, low volatility, and higher viscosity index that impact the engine performance, such as minimizing oil consumption, better energy efficiency, and others. 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 low-viscosity poly alpha olefin products are the primary base material for synthetic lubricants and oils used in passenger car engines, heavy-duty diesel engines, transmissions, and gearboxes. Hence, the growing demand for vehicles is expected to propel the low-viscosity poly alpha olefin market in the forecasted period.

Rising Demand from Industrial Application to Propel the Market Growth
Low-viscosity poly alpha olefin lubricants were primarily created and utilized for applications where petroleum products' performance was unsatisfactory such as at extremely high and low temperatures, under extreme survival conditions, however now application areas have certainly increased. They were also employed in situations where unique characteristics, like long life, increased equipment efficiency, or non-flammability were required for the smooth functioning of the machine. Low-viscosity poly alpha olefin lubricants are helpful when firms need to reduce costs in areas like machine dependability, oil life, energy consumption, biodegradability, and safety. Currently, different manufacturing units are growing around to satisfy the need & demands of the growing population. The manufacturing sector makes up roughly 16% of the world's GDP and 14% of all employees, as it is gaining significant demand worldwide. Hence, the demand for low-viscosity poly alpha olefin that helps machinery function smoothly is expected to grow. Therefore, the increasing demand for industrial applications is expected to directly influence Low Viscosity Poly Alpha Olefin market growth in the forecasted period.

Increasing Demand from Emerging Economies is Driving the Market Growth
Growing lubrication technologies in gear transmission systems are being driven by operating regulations and performance standards that are getting more stringent. Improved gear lubrication techniques and lubricant compositions are required to fulfil the industrial demands of increasing load capacity, speed, temperature, and performance expectations in various powertrain applications, including automotive, aviation, and marine. Companies are intensively increasing their R&D to develop innovative products and patent them. These steps led firms to enjoy the first mover advantage, the same way as Gillette enjoyed, and became the market leader.

Recent Development

ExxonMobil Chemical Patents Inc filed a patent for the product made from low-viscosity poly alpha olefin based on 1-decene and 1-dodecane, that will expire in 2026. The PAO comprises a 1-decene and 1-dodecane mixture with low viscosity and excellent cold temperature properties using a promoter system, comprising alcohol.

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Market Segmentation
Global Low Viscosity Poly alpha olefin market is segmented based on type and application. Based on type, the market is divided into Viscosity Less than 5 cSt and Viscosity 5-10 cSt. Based on application, the market is divided into aerosol, adhesives/sealants, refining/oil & gas production, lubricant & grease manufacturers, metal working, cosmetics, mining, and others.

Market Players
INEOS Group Holdings S.A., Exxonmobil Chemical International Services Limited, Chevron Phillips Chemical Company LLC, Shanghai Matex Chemicals Co.,Ltd., Dowpol Chemical International Corporation, and RB Products Holding, L.L.C. are the key players operating in the global low viscosity poly alpha olefin market.

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.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global Low Viscosity Poly alpha olefin market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Low Viscosity Poly alpha olefin Market, By Type:

Viscosity Less than 5 cSt
Viscosity 5-10 cSt

Global Low Viscosity Poly alpha olefin Market, By Application:

Aerosol
Adhesives/Sealants
Refining/Oil & Gas Production
Lubricant & Grease Manufacturers
Metal Working
Cosmetics
Mining
Others

Global Low Viscosity Poly alpha olefin Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Spain
Italy

Asia-Pacific

China
India
Malaysia
Australia
Japan

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE
Qatar
Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global low viscosity poly alpha olefin market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Low Viscosity Poly Alpha Olefin Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Type Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Global Low Viscosity Poly alpha olefin Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Type (Viscosity Less than 5 cSt, Viscosity 5-10 cSt)

4.2.2. By Application (Aerosol, Adhesives/Sealants, Refining/Oil & Gas Production, Lubricant & Grease Manufacturers, Metal Working, Cosmetics, Mining and Others)

4.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

4.2.4. By Company (2022)

4.3. Market Map

4.3.1. By Type

4.3.2. By Application

4.3.3. By Region

5. North America Low Viscosity Poly alpha olefin Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type

5.2.2. By Application

5.2.3. By Country

5.3. Pricing Analysis

5.4. North America: Country Analysis

5.4.1. United States Low Viscosity Poly alpha olefin Market Outlook

5.4.1.1. Market Size & Forecast

5.4.1.1.1. By Value & Volume

5.4.1.2. Market Share & Forecast

5.4.1.2.1. By Type

5.4.1.2.2. By Application

5.4.2. Mexico Low Viscosity Poly alpha olefin Market Outlook

5.4.2.1. Market Size & Forecast

5.4.2.1.1. By Value & Volume

5.4.2.2. Market Share & Forecast

5.4.2.2.1. By Type

5.4.2.2.2. By Application

5.4.3. Canada Low Viscosity Poly alpha olefin Market Outlook

5.4.3.1. Market Size & Forecast

5.4.3.1.1. By Value & Volume

5.4.3.2. Market Share & Forecast

5.4.3.2.1. By Type

5.4.3.2.2. By Application

6. Europe Low Viscosity Poly alpha olefin Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. Pricing Analysis

6.4. Europe: Country Analysis

6.4.1. Germany Low Viscosity Poly alpha olefin Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Type

6.4.1.2.2. By Application

6.4.2. Spain Low Viscosity Poly alpha olefin Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Type

6.4.2.2.2. By Application

6.4.3. United Kingdom Low Viscosity Poly alpha olefin Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Type

6.4.3.2.2. By Application

6.4.4. France Low Viscosity Poly alpha olefin Market Outlook

6.4.4.1. Market Size & Forecast

6.4.4.1.1. By Value & Volume

6.4.4.2. Market Share & Forecast

6.4.4.2.1. By Type

6.4.4.2.2. By Application

6.4.5. Italy Low Viscosity Poly alpha olefin Market Outlook

6.4.5.1. Market Size & Forecast

6.4.5.1.1. By Value & Volume

6.4.5.2. Market Share & Forecast

6.4.5.2.1. By Type

6.4.5.2.2. By Application

7. Asia-Pacific Low Viscosity Poly alpha olefin Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. Pricing Analysis

7.4. Asia-Pacific: Country Analysis

7.4.1. China Low Viscosity Poly alpha olefin Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Type

7.4.1.2.2. By Application

7.4.2. Japan Low Viscosity Poly alpha olefin Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Type

7.4.2.2.2. By Application

7.4.3. India Low Viscosity Poly alpha olefin Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Type

7.4.3.2.2. By Application

7.4.4. Malaysia Low Viscosity Poly alpha olefin Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value & Volume

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Type

7.4.4.2.2. By Application

7.4.5. Australia Low Viscosity Poly alpha olefin Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value & Volume

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Type

7.4.5.2.2. By Application

8. South America Low Viscosity Poly alpha olefin Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Country

8.3. Pricing Analysis

8.4. South America: Country Analysis

8.4.1. Brazil Low Viscosity Polyalphaolefin Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Type

8.4.1.2.2. By Application

8.4.2. Colombia Low Viscosity Polyalphaolefin Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Type

8.4.2.2.2. By Application

8.4.3. Argentina Low Viscosity Polyalphaolefin Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Type

8.4.3.2.2. By Application

9. Middle East and Africa Low Viscosity Polyalphaolefin Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Country

9.3. Pricing Analysis

9.4. MEA: Country Analysis

9.4.1. South Africa Low Viscosity Polyalphaolefin Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Type

9.4.1.2.2. By Application

9.4.2. Saudi Arabia Low Viscosity Polyalphaolefin Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Type

9.4.2.2.2. By Application

9.4.3. UAE Low Viscosity Polyalphaolefin Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value & Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Type

9.4.3.2.2. By Application

9.4.4. Qatar Low Viscosity Polyalphaolefin Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value & Volume

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Type

9.4.4.2.2. By Application

9.4.5. Egypt Low Viscosity Polyalphaolefin Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value & Volume

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Type

9.4.5.2.2. By Application

10. Market Dynamics

10.1. Drivers

10.1.1. Rising demand for refining/oil & gas production

10.1.2. Growing demand from automobile industries

10.1.3. Rising demand of cosmetic product

10.2. Challenges

10.2.1. Adverse effect on humans

10.2.2. Fluctuation of raw material price

11. Market Trends & Developments

11.1. Intense investment for ongoing R&D

11.2. Product launch

11.3. Merger and Acquisition

12. Global Low Viscosity Poly alpha olefin Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1. Competition in the Industry

13.2. Potential of New Entrants

13.3. Power of Suppliers

13.4. Power of Customers

13.5. Threat of Substitute Type

14. Competitive Landscape

14.1. Business Overview

14.2. Type Offerings

14.3. Recent Developments

14.4. Financials (As Reported)

14.5. Key Personnel

14.5.1. INEOS Group Holdings S.A.

14.5.2. Exxonmobil Chemical International Services Limited

14.5.3. Chevron Phillips Chemical Company LLC

14.5.4. Shanghai Matex Chemicals Co.,Ltd.

14.5.5. Dowpol Chemical International Corporation

14.5.6. RB Products Holding, L.L.C.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the global Low Viscosity Poly alpha olefin market?

Rising demand for oil & gas production and growing demand from automobile & cosmetic industries are expected to drive the demand for the global low viscosity poly alpha olefin market.

Who are the top players operating in the global Low Viscosity Poly alpha olefin market?

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. are the key players operating in the global low viscosity poly alpha olefin market.

Which Region accounts for the largest low viscosity poly alpha olefin market share in the forecast period?

Based on region, the market is divided into north America, Europe, Asia Pacific, South America, and Middle East & Africa. The Europe region is expected to dominate and hold significant market share over the next projected years. Owing to government policies such as blue angel scheme and white swan scheme to support biodegradable base oil in the region, the Europe region is expected to dominate the market.

What are the uses of Low Viscosity Poly alpha olefin?

Aerosol, adhesives/sealants, refining/oil & gas production, lubricant & grease manufacturers, metal working, cosmetics, and mining are common application of low viscosity poly alpha olefin.

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