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

Description

List of Tables

The Asia Pacific Polyalphaolefin Market would witness market growth of 3.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1153.3 hundred Tonnes, showcasing a growth of 2.4% (2019-2022).

The polyalphaolefin market stands at the forefront of the synthetic lubricants and functional fluids industry, representing a pivotal segment in the petrochemical landscape. With an increasing demand for high-performance lubricants and specialty chemicals across many industrial sectors, polyalphaolefin (PAOs) have emerged as indispensable components, driving innovation, efficiency, and sustainability in diverse applications.

PAOs belong to the class of synthetic hydrocarbon polymers synthesized through the polymerization of alpha-olefin monomers. This process yields molecules with precise structures and properties, offering superior thermal stability, oxidation resistance, viscosity indices, and low volatility compared to conventional mineral oils. Such exceptional characteristics make PAOs highly sought-after in lubricant formulations, where they serve as base oils and additives, imparting critical performance attributes to meet the stringent requirements of modern machinery and equipment.

The expansion of the automotive industry in India presents significant opportunities for the polyalphaolefin market as it drives the demand for high-performance lubricants and functional fluids. According to the National Investment Promotion & Facilitation Agency, the automobile industry produced 22.93 Mn vehicles, including passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers, from April 2021 to March 2022. Therefore, the expansion of the automobile sector and the growing pharmaceutical and medical device industry are propelling the market growth in the region.

The China market dominated the Asia Pacific Polyalphaolefin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $198.7 Million by 2030. The Japan market is registering a CAGR of 2.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 3.6% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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

Asia Pacific 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)

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Polyalphaolefin Market, by Type
- 1.4.2Asia Pacific Polyalphaolefin Market, by Application
- 1.4.3Asia Pacific 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.Asia Pacific Polyalphaolefin Market by Type

4.1Asia Pacific High Viscosity Market by Country
4.2Asia Pacific Medium Viscosity Market by Country
4.3Asia Pacific Low Viscosity Market by Country

Chapter 5.Asia Pacific Polyalphaolefin Market by Application

5.1Asia Pacific Engine Oil Market by Country
5.2Asia Pacific Gear Oil Market by Country
5.3Asia Pacific Compressor Oil Market by Country
5.4Asia Pacific Grease Market by Country
5.5Asia Pacific Others Market by Country

Chapter 6.Asia Pacific Polyalphaolefin Market by Country

6.1China Polyalphaolefin Market
- 6.1.1China Polyalphaolefin Market by Type
- 6.1.2China Polyalphaolefin Market by Application
6.2Japan Polyalphaolefin Market
- 6.2.1Japan Polyalphaolefin Market by Type
- 6.2.2Japan Polyalphaolefin Market by Application
6.3India Polyalphaolefin Market
- 6.3.1India Polyalphaolefin Market by Type
- 6.3.2India Polyalphaolefin Market by Application
6.4South Korea Polyalphaolefin Market
- 6.4.1South Korea Polyalphaolefin Market by Type
- 6.4.2South Korea Polyalphaolefin Market by Application
6.5Singapore Polyalphaolefin Market
- 6.5.1Singapore Polyalphaolefin Market by Type
- 6.5.2Singapore Polyalphaolefin Market by Application
6.6Malaysia Polyalphaolefin Market
- 6.6.1Malaysia Polyalphaolefin Market by Type
- 6.6.2Malaysia Polyalphaolefin Market by Application
6.7Rest of Asia Pacific Polyalphaolefin Market
- 6.7.1Rest of Asia Pacific Polyalphaolefin Market by Type
- 6.7.2Rest of Asia Pacific 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 1Asia Pacific Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 2Asia Pacific Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 3Asia Pacific Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 4Asia Pacific Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 5Asia Pacific Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 6Asia Pacific Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 7Asia Pacific Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 8Asia Pacific Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 9Asia Pacific High Viscosity Market by Country, 2019 - 2022, USD Million
TABLE 10Asia Pacific High Viscosity Market by Country, 2023 - 2030, USD Million
TABLE 11Asia Pacific High Viscosity Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 12Asia Pacific High Viscosity Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 13Asia Pacific Medium Viscosity Market by Country, 2019 - 2022, USD Million
TABLE 14Asia Pacific Medium Viscosity Market by Country, 2023 - 2030, USD Million
TABLE 15Asia Pacific Medium Viscosity Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 16Asia Pacific Medium Viscosity Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 17Asia Pacific Low Viscosity Market by Country, 2019 - 2022, USD Million
TABLE 18Asia Pacific Low Viscosity Market by Country, 2023 - 2030, USD Million
TABLE 19Asia Pacific Low Viscosity Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 20Asia Pacific Low Viscosity Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 21Asia Pacific Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 22Asia Pacific Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 23Asia Pacific Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 24Asia Pacific Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 25Asia Pacific Engine Oil Market by Country, 2019 - 2022, USD Million
TABLE 26Asia Pacific Engine Oil Market by Country, 2023 - 2030, USD Million
TABLE 27Asia Pacific Engine Oil Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 28Asia Pacific Engine Oil Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 29Asia Pacific Gear Oil Market by Country, 2019 - 2022, USD Million
TABLE 30Asia Pacific Gear Oil Market by Country, 2023 - 2030, USD Million
TABLE 31Asia Pacific Gear Oil Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 32Asia Pacific Gear Oil Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 33Asia Pacific Compressor Oil Market by Country, 2019 - 2022, USD Million
TABLE 34Asia Pacific Compressor Oil Market by Country, 2023 - 2030, USD Million
TABLE 35Asia Pacific Compressor Oil Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 36Asia Pacific Compressor Oil Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 37Asia Pacific Grease Market by Country, 2019 - 2022, USD Million
TABLE 38Asia Pacific Grease Market by Country, 2023 - 2030, USD Million
TABLE 39Asia Pacific Grease Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 40Asia Pacific Grease Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 41Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 42Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 43Asia Pacific Others Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 44Asia Pacific Others Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 45Asia Pacific Polyalphaolefin Market by Country, 2019 - 2022, USD Million
TABLE 46Asia Pacific Polyalphaolefin Market by Country, 2023 - 2030, USD Million
TABLE 47Asia Pacific Polyalphaolefin Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 48Asia Pacific Polyalphaolefin Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 49China Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 50China Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 51China Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 52China Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 53China Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 54China Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 55China Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 56China Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 57China Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 58China Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 59China Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 60China Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 61Japan Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 62Japan Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 63Japan Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 64Japan Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 65Japan Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 66Japan Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 67Japan Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 68Japan Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 69Japan Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 70Japan Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 71Japan Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 72Japan Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 73India Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 74India Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 75India Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 76India Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 77India Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 78India Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 79India Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 80India Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 81India Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 82India Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 83India Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 84India Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 85South Korea Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 86South Korea Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 87South Korea Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 88South Korea Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 89South Korea Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 90South Korea Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 91South Korea Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 92South Korea Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 93South Korea Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 94South Korea Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 95South Korea Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 96South Korea Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 97Singapore Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 98Singapore Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 99Singapore Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 100Singapore Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 101Singapore Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 102Singapore Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 103Singapore Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 104Singapore Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 105Singapore Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 106Singapore Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 107Singapore Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 108Singapore Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 109Malaysia Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 110Malaysia Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 111Malaysia Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 112Malaysia Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 113Malaysia Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 114Malaysia Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 115Malaysia Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 116Malaysia Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 117Malaysia Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 118Malaysia Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 119Malaysia Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 120Malaysia Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 121Rest of Asia Pacific Polyalphaolefin Market, 2019 - 2022, USD Million
TABLE 122Rest of Asia Pacific Polyalphaolefin Market, 2023 - 2030, USD Million
TABLE 123Rest of Asia Pacific Polyalphaolefin Market, 2019 - 2022, Hundred Tonnes
TABLE 124Rest of Asia Pacific Polyalphaolefin Market, 2023 - 2030, Hundred Tonnes
TABLE 125Rest of Asia Pacific Polyalphaolefin Market by Type, 2019 - 2022, USD Million
TABLE 126Rest of Asia Pacific Polyalphaolefin Market by Type, 2023 - 2030, USD Million
TABLE 127Rest of Asia Pacific Polyalphaolefin Market by Type, 2019 - 2022, Hundred Tonnes
TABLE 128Rest of Asia Pacific Polyalphaolefin Market by Type, 2023 - 2030, Hundred Tonnes
TABLE 129Rest of Asia Pacific Polyalphaolefin Market by Application, 2019 - 2022, USD Million
TABLE 130Rest of Asia Pacific Polyalphaolefin Market by Application, 2023 - 2030, USD Million
TABLE 131Rest of Asia Pacific Polyalphaolefin Market by Application, 2019 - 2022, Hundred Tonnes
TABLE 132Rest of Asia Pacific Polyalphaolefin Market by Application, 2023 - 2030, Hundred Tonnes
TABLE 133Key Information - Chevron Phillips Chemical Company LLC
TABLE 134Key Information - INEOS Group Holdings S.A.
TABLE 135Key Information - Mitsui Chemicals, Inc.
TABLE 136Key Information - Exxon Mobil Corporation
TABLE 137Key Information - Shell plc
TABLE 138Key Information - Tulstar Products, Inc.
TABLE 139Key Information - Shanghai NACO Lubrication Co., Ltd
TABLE 140Key Information - Lubricon Industries Canada Limited
TABLE 141Key Information - Idemitsu Kosan Co., Ltd.
TABLE 142Key Information - Lanxess AG

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