Poly Alpha Olefin Market 2024:Key Players ExxonMobil Corp., INEOS Oligomers and Chevron Phillips a Chemical Company LP
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 vol
(EMAILWIRE.COM, August 10, 2018 ) Poly Alpha Olefins market size is likely to witness a strong growth as market demand is showing gains over foreseeable timeframe owing to demand rise of synthetic lubricants, greases, industrial oils, hydraulic fluids. Poly Alpha Olefin(PAO) benefits over wear & tear protection, load carrying capacity and thermal stability compared to conventional lubricants are driving factors to propel PAO market growth over forecast period.
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.
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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.
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.
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
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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.
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.
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.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2656
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.
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.
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
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2656
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.
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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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results