Europe Polyalphaolefin Market Size, Share & Trends Analysis Report By Type (High Viscosity, Medium Viscosity, and Low Viscosity), By Application (Engine Oil, Gear Oil, Compressor Oil, Grease, and Others), By Country and Growth Forecast, 2023 - 2030
The Europe Polyalphaolefin Market would witness market growth of 2.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1346.0 hundred Tonnes, showcasing a growth of 1.9% (2019-2022).
The automotive industry is one of the primary drivers propelling the demand for PAOs. With stringent regulations mandating improved fuel efficiency, reduced emissions, and enhanced engine durability, automakers, and manufacturers increasingly turn to PAOs to formulate lubricants that deliver superior performance under extreme conditions. PAOs offer enhanced protection against friction, wear, and corrosion, extending engine life, improving fuel economy, and minimizing environmental impact.
Beyond automotive applications, PAOs find widespread use in aerospace, industrial manufacturing, marine operations, renewable energy, and many other sectors. In aerospace, PAOs lubricate critical components of aircraft engines, hydraulic systems, and landing gears, ensuring smooth operation and reliability under high temperatures and pressures. Additionally, in industrial settings, PAOs are the lubricant of choice for heavy machinery, gearboxes, compressors, and hydraulic systems, providing exceptional wear protection, thermal stability, and oxidation resistance.
The expansion of the aerospace industry in the UK has the potential to drive economic growth, foster innovation, and enhance the country’s competitiveness on the global stage. According to the International Trade Administration (ITA), in 2022, UK civil aerospace turnover totaled approximately $34.5 billion. In conclusion, the growing EV industry and expansion of the region’s aerospace sector are driving the market’s growth.
The Germany market dominated the Europe Polyalphaolefin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $202.3 Million by 2030. The UK market is exhibiting a CAGR of 2.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
By Type (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- High Viscosity
- Medium Viscosity
- Low Viscosity
- Engine Oil
- Gear Oil
- Compressor Oil
- Grease
- Others
- Civil Engineering & Archaeology
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Polyalphaolefin Market, by Type
- 1.4.2 Europe Polyalphaolefin Market, by Application
- 1.4.3 Europe Polyalphaolefin Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Europe Polyalphaolefin Market by Type
- 4.1 Europe High Viscosity Market by Country
- 4.2 Europe Medium Viscosity Market by Country
- 4.3 Europe Low Viscosity Market by Country
- Chapter 5. Europe Polyalphaolefin Market by Application
- 5.1 Europe Engine Oil Market by Country
- 5.2 Europe Gear Oil Market by Country
- 5.3 Europe Compressor Oil Market by Country
- 5.4 Europe Grease Market by Country
- 5.5 Europe Others Market by Country
- Chapter 6. Europe Polyalphaolefin Market by Country
- 6.1 Germany Polyalphaolefin Market
- 6.1.1 Germany Polyalphaolefin Market by Type
- 6.1.2 Germany Polyalphaolefin Market by Application
- 6.2 UK Polyalphaolefin Market
- 6.2.1 UK Polyalphaolefin Market by Type
- 6.2.2 UK Polyalphaolefin Market by Application
- 6.3 France Polyalphaolefin Market
- 6.3.1 France Polyalphaolefin Market by Type
- 6.3.2 France Polyalphaolefin Market by Application
- 6.4 Russia Polyalphaolefin Market
- 6.4.1 Russia Polyalphaolefin Market by Type
- 6.4.2 Russia Polyalphaolefin Market by Application
- 6.5 Spain Polyalphaolefin Market
- 6.5.1 Spain Polyalphaolefin Market by Type
- 6.5.2 Spain Polyalphaolefin Market by Application
- 6.6 Italy Polyalphaolefin Market
- 6.6.1 Italy Polyalphaolefin Market by Type
- 6.6.2 Italy Polyalphaolefin Market by Application
- 6.7 Rest of Europe Polyalphaolefin Market
- 6.7.1 Rest of Europe Polyalphaolefin Market by Type
- 6.7.2 Rest of Europe Polyalphaolefin Market by Application
- Chapter 7. Company Profiles
- 7.1 Chevron Phillips Chemical Company LLC
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Recent strategies and developments:
- 7.1.3.1 Geographical Expansions & Business Expansion:
- 7.1.4 SWOT Analysis
- 7.2 INEOS Group Holdings S.A. (INEOS Oligomers)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Geographical Expansions:
- 7.2.5 SWOT Analysis
- 7.3 Mitsui Chemicals, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Exxon Mobil Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.5.2 Geographical Expansions & Business Expansion:
- 7.4.6 SWOT Analysis
- 7.5 Shell plc (Shell Chemical Ltd.)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Partnerships, Collaborations, and Agreements:
- 7.5.5.2 Acquisition and Mergers:
- 7.5.6 SWOT Analysis
- 7.6 Tulstar Products, Inc.
- 7.6.1 Company Overview
- 7.7 Shanghai NACO Lubrication Co., Ltd
- 7.7.1 Company Overview
- 7.8 Lubricon Industries Canada Limited
- 7.8.1 Company Overview
- 7.9 Idemitsu Kosan Co., Ltd.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
- 7.10. Lanxess AG
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis
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