North America Polyalphaolefin Market Size, Share & Trends Analysis Report By Type, By Application, By Country and Growth Forecast, 2023

Description

List of Tables

The North America Polyalphaolefin Market would witness market growth of 2.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1425.5 hundred Tonnes, showcasing a growth of 2.0% (2019-2022).

PAOs play a vital role in the marine industry, where they lubricate propulsion systems, stern tubes, and thrusters, operating in harsh marine environments characterized by high moisture, saltwater exposure, and extreme temperature differentials. Additionally, in renewable energy applications, such as wind turbines and solar panels, PAOs contribute to efficient energy generation by reducing frictional losses and ensuring optimal performance and longevity of mechanical components.

Furthermore, PAOs are used in metalworking fluids such as cutting oils, coolants, and lubricants for machining, grinding, and forming operations. They offer superior lubricity, cooling properties, chip evacuation, improving tool life, surface finish, and dimensional accuracy in metal fabrication processes across automotive, aerospace, and precision engineering industries.

The rise in renewable energy in Mexico represents a paradigm change toward a future in energy that is more robust and sustainable. As per the data released in 2023 by the International Trade Administration, Mexico aims to produce 35 percent of its electricity from clean energy sources by 2024, including power regeneration from renewable and non-renewable sources such as nuclear and efficient cogeneration. Therefore, the growing renewable energy and expansion of the region's medical device sector are driving the market's growth.

The US market dominated the North America Polyalphaolefin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $550.5 Million by 2030. The Canada market is experiencing a CAGR of 3.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.8% during (2023 - 2030).

Based on Type, the market is segmented into High Viscosity, Medium Viscosity, and Low Viscosity. Based on Application, the market is segmented into Engine Oil, Gear Oil, Compressor Oil, Grease, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Chevron Phillips Chemical Company LLC
INEOS Group Holdings S.A. (INEOS Oligomers)
Mitsui Chemicals, Inc.
Exxon Mobil Corporation
Shell plc (Shell Chemical Ltd.)
Tulstar Products, Inc.
Shanghai NACO Lubrication Co., Ltd
Lubricon Industries Canada Limited
Idemitsu Kosan Co., Ltd.
Lanxess AG

North America Polyalphaolefin Market Report Segmentation

By Type (Volume, Hundred Tonnes, USD Billion, 2019-2030)

High Viscosity
Medium Viscosity
Low Viscosity

By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)

Engine Oil
Gear Oil
Compressor Oil
Grease
Others
Civil Engineering & Archaeology
Others

By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Polyalphaolefin Market, by Type
- 1.4.2North America Polyalphaolefin Market, by Application
- 1.4.3North America Polyalphaolefin Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.North America Polyalphaolefin Market by Type

4.1North America High Viscosity Market by Country
4.2North America Medium Viscosity Market by Country
4.3North America Low Viscosity Market by Country

Chapter 5.North America Polyalphaolefin Market by Application

5.1North America Engine Oil Market by Country
5.2North America Gear Oil Market by Country
5.3North America Compressor Oil Market by Country
5.4North America Grease Market by Country
5.5North America Others Market by Country

Chapter 6.North America Polyalphaolefin Market by Country

6.1US Polyalphaolefin Market
- 6.1.1US Polyalphaolefin Market by Type
- 6.1.2US Polyalphaolefin Market by Application
6.2Canada Polyalphaolefin Market
- 6.2.1Canada Polyalphaolefin Market by Type
- 6.2.2Canada Polyalphaolefin Market by Application
6.3Mexico Polyalphaolefin Market
- 6.3.1Mexico Polyalphaolefin Market by Type
- 6.3.2Mexico Polyalphaolefin Market by Application
6.4Rest of North America Polyalphaolefin Market
- 6.4.1Rest of North America Polyalphaolefin Market by Type
- 6.4.2Rest of North America Polyalphaolefin Market by Application

Chapter 7.Company Profiles

7.1Chevron Phillips Chemical Company LLC
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Recent strategies and developments:
  - 7.1.3.1Geographical Expansions & Business Expansion:
- 7.1.4SWOT Analysis
7.2INEOS Group Holdings S.A. (INEOS Oligomers)
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental and Regional Analysis
- 7.2.4Recent strategies and developments:
  - 7.2.4.1Geographical Expansions:
- 7.2.5SWOT Analysis
7.3Mitsui Chemicals, Inc.
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4Research & Development Expenses
- 7.3.5SWOT Analysis
7.4Exxon Mobil Corporation
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental and Regional Analysis
- 7.4.4Research & Development Expenses
- 7.4.5Recent strategies and developments:
  - 7.4.5.1Product Launches and Product Expansions:
  - 7.4.5.2Geographical Expansions & Business Expansion:
- 7.4.6SWOT Analysis
7.5Shell plc (Shell Chemical Ltd.)
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research & Development Expenses
- 7.5.5Recent strategies and developments:
  - 7.5.5.1Partnerships, Collaborations, and Agreements:
  - 7.5.5.2Acquisition and Mergers:
- 7.5.6SWOT Analysis
7.6Tulstar Products, Inc.
- 7.6.1Company Overview
7.7Shanghai NACO Lubrication Co., Ltd
- 7.7.1Company Overview
7.8Lubricon Industries Canada Limited
- 7.8.1Company Overview
7.9Idemitsu Kosan Co., Ltd.
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
- 7.9.4Research & Development Expenses
- 7.9.5SWOT Analysis
7.10.Lanxess AG
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3Segmental and Regional Analysis
- 7.10.4Research & Development Expenses
- 7.10.5SWOT Analysis

LIST OF TABLES

TABLE 1North America Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 2North America Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 3North America Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 4North America Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 5North America Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 6North America Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 7North America Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 8North America Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 9North America High Viscosity Market by Country, 2019 - 2022, USD Million
TABLE 10North America High Viscosity Market by Country, 2023 - 2030, USD Million
TABLE 11North America High Viscosity Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 12North America High Viscosity Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 13North America Medium Viscosity Market by Country, 2019 - 2022, USD Million
TABLE 14North America Medium Viscosity Market by Country, 2023 - 2030, USD Million
TABLE 15North America Medium Viscosity Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 16North America Medium Viscosity Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 17North America Low Viscosity Market by Country, 2019 - 2022, USD Million
TABLE 18North America Low Viscosity Market by Country, 2023 - 2030, USD Million
TABLE 19North America Low Viscosity Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 20North America Low Viscosity Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 21North America Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 22North America Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 23North America Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 24North America Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 25North America Engine Oil Market by Country, 2019 - 2022, USD Million
TABLE 26North America Engine Oil Market by Country, 2023 - 2030, USD Million
TABLE 27North America Engine Oil Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 28North America Engine Oil Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 29North America Gear Oil Market by Country, 2019 - 2022, USD Million
TABLE 30North America Gear Oil Market by Country, 2023 - 2030, USD Million
TABLE 31North America Gear Oil Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 32North America Gear Oil Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 33North America Compressor Oil Market by Country, 2019 - 2022, USD Million
TABLE 34North America Compressor Oil Market by Country, 2023 - 2030, USD Million
TABLE 35North America Compressor Oil Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 36North America Compressor Oil Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 37North America Grease Market by Country, 2019 - 2022, USD Million
TABLE 38North America Grease Market by Country, 2023 - 2030, USD Million
TABLE 39North America Grease Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 40North America Grease Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 41North America Others Market by Country, 2019 - 2022, USD Million
TABLE 42North America Others Market by Country, 2023 - 2030, USD Million
TABLE 43North America Others Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 44North America Others Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 45North America Polyalphaolefin Market by Country, 2019 - 2022, USD Million
TABLE 46North America Polyalphaolefin Market by Country, 2023 - 2030, USD Million
TABLE 47North America Polyalphaolefin Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 48North America Polyalphaolefin Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 49US Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 50US Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 51US Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 52US Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 53US Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 54US Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 55US Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 56US Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 57US Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 58US Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 59US Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 60US Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 61Canada Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 62Canada Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 63Canada Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 64Canada Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 65Canada Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 66Canada Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 67Canada Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 68Canada Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 69Canada Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 70Canada Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 71Canada Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 72Canada Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 73Mexico Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 74Mexico Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 75Mexico Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 76Mexico Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 77Mexico Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 78Mexico Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 79Mexico Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 80Mexico Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 81Mexico Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 82Mexico Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 83Mexico Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 84Mexico Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 85Rest of North America Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 86Rest of North America Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 87Rest of North America Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 88Rest of North America Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 89Rest of North America Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 90Rest of North America Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 91Rest of North America Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 92Rest of North America Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 93Rest of North America Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 94Rest of North America Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 95Rest of North America Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 96Rest of North America Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 97Key Information - Chevron Phillips Chemical Company LLC
TABLE 98Key Information - INEOS Group Holdings S.A.
TABLE 99Key Information - Mitsui Chemicals, Inc.
TABLE 100Key Information - Exxon Mobil Corporation
TABLE 101Key Information - Shell plc
TABLE 102Key Information - Tulstar Products, Inc.
TABLE 103Key Information - Shanghai NACO Lubrication Co., Ltd
TABLE 104Key Information - Lubricon Industries Canada Limited
TABLE 105Key Information - Idemitsu Kosan Co., Ltd.
TABLE 106Key Information - Lanxess AG

North America Polyalphaolefin Market Size, Share & Trends Analysis Report By Type, By Application, By Country and Growth Forecast, 2023 - 2030