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.
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
Market Report Segmentation
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
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Polyalphaolefin Market by Type
Chapter 5. Europe Polyalphaolefin Market by Application
Chapter 6. Europe Polyalphaolefin Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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
Methodology
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