Who are the main competitors in the Poly Alpha Olefin market?

The poly alpha olefin (PAO) market could be explored based on end user as Industrial, and Automobile (Passenger cars, Heavy Motor Vehicle and Light Motor Vehicle). The “Automobile” segment led the market of poly alpha olefin in 2016 and is anticipated to maintain its dominance by 2025. The key factor that may be attributed to the growth of market includes high demand.

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Europe accounted for the major market share of poly alpha olefin (PAO) in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include regulatory support for biodegradable products such as The White Swan Scheme and The Blue Angel Scheme, and high technological advancements across the region. Europe is likely to be followed by North America.

Some of the key players that fuel the growth of the poly alpha olefin (PAO) industry comprise ExxonMobil, Chevron Phillips Chemical Company LLC, Chemtura Corporation, Shanghai Fox Chemical Technology Co., Ltd., Idemitsu Kosan Co., Ltd., INEOS Oligomers, Tulstar Products, Inc, NACO Corporation, Lubricon Industries, Shell Chemical Ltd. And Mitsui Chemicals, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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