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

Global Market Insights, Inc
present the report on global poly
alpha olefin (PAO) market evaluates the growth trends of the industry
through historical study and estimates future prospects based on comprehensive
research. The report extensively provides the market share, growth, trends and
forecasts for the period 2019-2025.

Poly Alpha Olefin (PAO) are
lubricants with composition of hydrogen and lithium soap. It’s a colourless
liquid having molecules with predetermined chain length which are manufactured
by catalytic polymerization of linear alpha olefins. Demand for poly alpha
olefin in synthetic lubricant application is to rise as increase in offshore
drilling activities coupled with growing automotive industry should boost
product demand. 

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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Automotive OEM’s 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 PAO’s 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.

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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.

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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.

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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