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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1164814
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1164814
PAG Base Stock Market Size, Share, and Industry Analysis Report By Type, By Application, By End use, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032
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PAG Base Stock Market is slated to witness immense growth through 2032 credited to the surge in the global manufacturing industry.
The industry growth is predicted to be challenged by price volatility and supply chain issues due to the ongoing climate crisis and the Russia-Ukraine war.
Overall, the PAG base stock market is bifurcated by type, application, end-use, and regional landscape.
By type, the water insoluble segment is anticipated to witness over more than 5.5% CAGR during 2023-2032. Polyalkylene glycol oils with 100 per cent oxypropylene groups are insoluble in water and offer good lubricity, biostability, clean burning without residue, and hydraulic stability.
The product is used in greases, metal working fluids, food-grade chain oils, and industrial gear oils. Rising machine performance standards in the automotive and industrial markets will drive the water insoluble PAG base stock demand, thereby accelerating the segment growth over estimated time frame.
Considering the application, the compressor oils segment is likely to amass considerable gains owing to the budding use of PAG and polyol ester-type lubricants in refrigeration compression. Moreover, growing adoption of PAG with the current generation of environmentally acceptable HFC refrigerants would add to the growth trajectory. PAG lubricants are widely favored in high-pressure natural gas and ethylene compression.
By end-use, the automotive sector is expected to grow significantly owing to the rising demand for electric vehicles and automobile lubricants. The PAG gear oil offers hydrolytic stability and viscosity index, further driving its application in heavy-duty automotive.
The polyethylene glycol compressor oil is a unique synthetic lubricant given its ability to burn neatly without residue, high oxygen content, temperature stability, and exceptional cleanliness, pushing its applications as compressor lubricants. The PAG compressor lubricant is also used for lubricating the air conditioning systems of most passenger and commercial vehicles. Such trends are expected to positively impact the industry growth through 2032.
Regionally, the Asia Pacific PAG base stock market is expected to witness more than 6.5% CAGR from 2023 to 2032. The growth is mainly attributed to the increasing textile production with the growing demand from customers for textiles and apparels. The PAG-based lubricants are used in the textile and food & beverage industries to maintain shear stability, prevent corrosion, and maintain machine operations under high temperatures.
Some of the other pivotal trends fueling the PAG base stock market expansion in the region include the rapid economic growth and demand for organic fibers. In addition, healthier product innovations in line with the rising demand for plant-based food products would further drive the food & beverage industry, favoring the PAG base stock market growth in Asia Pacific.
Product Code: 5404
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope & definitions
- 1.2 Methodology and forecast parameters
- 1.3 COVID-19 impact calculations on industry forecast
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Regional trends
- 1.4.1 North America
- 1.4.2 Europe
- 1.4.3 Asia Pacific
- 1.4.4 Latin America
- 1.4.5 Middle East & Africa
- 1.5 Data Sources
- 1.5.1 Secondary
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 PAG Base Stock industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Type trends
- 2.1.3 Application trends
- 2.1.4 End-user trends
- 2.1.5 Regional trends
Chapter 3 PAG Base Stock Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size & forecast, 2018 - 2032
- 3.3 Impact analysis of coronavirus COVID-19 pandemic
- 3.4 Industry ecosystem analysis
- 3.4.1 Profit margin analysis
- 3.4.2 Value addition at each stage
- 3.4.3 Distribution channel analysis
- 3.4.4 Vendor matrix
- 3.4.4.1 Key raw material suppliers
- 3.4.4.2 Key manufacturer & distributors
- 3.4.5 Value chain disruption analysis (Covid-19 impact)
- 3.5 Innovation and sustainability
- 3.5.1 Patent analysis
- 3.5.2 Technology landscape
- 3.5.3 Future trends
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Global shift toward sustainable energy generation
- 3.6.1.2 Increasing automotive production and the expanding automotive market
- 3.6.1.3 Growing manufacturing industry across the globe
- 3.6.2 Industry pitfalls and challenges
- 3.6.2.1 Price volatility and supply chain issues
- 3.6.2.2 Availability of substitutes
- 3.6.1 Growth drivers
- 3.7 Regulatory landscape
- 3.7.1 U.S.
- 3.7.2 Europe
- 3.7.3 Asia Pacific
- 3.8 Growth Potential Analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power (low to moderate)
- 3.9.2 Buyer power (moderate)
- 3.9.3 Threat of new entrants (moderate)
- 3.9.4 Threat of substitutes (moderate)
- 3.9.5 Industry rivalry
- 3.10 Pricing analysis
- 3.10.1 Regional price trends
- 3.10.2 Cost structure analysis
- 3.10.2.1 R&D cost
- 3.10.2.2 Manufacturing & equipment cost
- 3.10.2.3 Raw material cost
- 3.10.2.4 Distribution cost
- 3.10.2.5 Operating cost
- 3.10.2.6 Miscellaneous cost
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2021
- 4.1 Introduction
- 4.2 Company market share, 2021
- 4.3 Strategy dashboard
Chapter 5 PAG Base Stock Market, By Type
- 5.1 PAG base stock market share, by Type, 2022 & 2032
- 5.2 Water Soluble
- 5.2.1 Market estimate and forecast 2018 - 2032
- 5.2.2 Market estimates and forecast by region, 2018 - 2032
- 5.3 Water insoluble/ Mineral oil soluble
- 5.3.1 Market estimate and forecast 2018 - 2032
- 5.3.2 Market estimates and forecast by region, 2018 - 2032
- 5.4 Mineral oil soluble
- 5.4.1 Market estimate and forecast 2018 - 2032
- 5.4.2 Market estimates and forecast by region, 2018 - 2032
- 5.5 Random copolymer
- 5.5.1 Market estimate and forecast 2018 - 2032
- 5.5.2 Market estimates and forecast by region, 2018 - 2032
- 5.6 Block copolymer
- 5.6.1 Market estimate and forecast 2018 - 2032
- 5.6.2 Market estimates and forecast by region, 2018 - 2032
Chapter 6 PAG Base Stock Market, By Application
- 6.1 PAG base stock market share, by Application, 2022 & 2032
- 6.2 Gear oils
- 6.2.1 Market estimate and forecast 2018 - 2032
- 6.2.2 Market estimates and forecast by region, 2018 - 2032
- 6.3 Fire resistant hydraulic fluids
- 6.3.1 Market estimate and forecast 2018 - 2032
- 6.3.2 Market estimates and forecast by region, 2018 - 2032
- 6.4 Food grade lubricants
- 6.4.1 Market estimate and forecast 2018 - 2032
- 6.4.2 Market estimates and forecast by region, 2018 - 2032
- 6.5 Compressor oils
- 6.5.1 Market estimate and forecast 2018 - 2032
- 6.5.2 Market estimates and forecast by region, 2018 - 2032
- 6.6 Wind turbine lubricants
- 6.6.1 Market estimate and forecast 2018 - 2032
- 6.6.2 Market estimates and forecast by region, 2018 - 2032
- 6.7 Metalworking and quenching fluids
- 6.7.1 Market estimate and forecast 2018 - 2032
- 6.7.2 Market estimates and forecast by region, 2018 - 2032
- 6.8 Others (Greases, textile rubber fluids, elastomers)
- 6.8.1 Market estimate and forecast 2018 - 2032
- 6.8.2 Market estimates and forecast by region, 2018 - 2032
Chapter 7 PAG Base Stock Market, By End-use
- 7.1 PAG base stock market share, by End-use, 2022 & 2032
- 7.2 Automotive
- 7.2.1 Market estimate and forecast 2018 - 2032
- 7.2.2 Market estimates and forecast by region, 2018 - 2032
- 7.3 Aerospace
- 7.3.1 Market estimate and forecast 2018 - 2032
- 7.3.2 Market estimates and forecast by region, 2018 - 2032
- 7.4 Marine
- 7.4.1 Market estimate and forecast 2018 - 2032
- 7.4.2 Market estimates and forecast by region, 2018 - 2032
- 7.5 Industrial
- 7.5.1 Market estimate and forecast 2018 - 2032
- 7.5.2 Market estimates and forecast by region, 2018 - 2032
- 7.6 HVAC & refrigeration
- 7.6.1 Market estimate and forecast 2018 - 2032
- 7.6.2 Market estimates and forecast by region, 2018 - 2032
- 7.7 Others
- 7.7.1 Market estimate and forecast 2018 - 2032
- 7.7.2 Market estimates and forecast by region, 2018 - 2032
Chapter 8 PAG Base Stock Market, By Region
- 8.1 PAG base stock market share, by region, 2022 & 2032
- 8.2 North America
- 8.2.1 North America PAG base stock market estimate and forecast, 2018 - 2032
- 8.2.2 North America PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.2.3 North America PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.2.4 North America PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.2.5 U.S.
- 8.2.5.1 U.S. PAG base stock market estimate and forecast, 2018 - 2032
- 8.2.5.2 U.S. PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.2.5.3 U.S. PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.2.5.4 U.S. PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.2.6 Canada
- 8.2.6.1 Canada PAG base stock market estimate and forecast, 2018 - 2032
- 8.2.6.2 Canada PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.2.6.3 Canada PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.2.6.4 Canada PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.3 Europe
- 8.3.1 Europe PAG base stock market estimate and forecast, 2018 - 2032
- 8.3.2 Europe PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.3.3 Europe PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.3.4 Europe PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.3.5 Germany
- 8.3.5.1 Germany PAG base stock market estimate and forecast, 2018 - 2032
- 8.3.5.2 Germany PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.3.5.3 Germany PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.3.5.4 Germany PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.3.6 UK
- 8.3.6.1 UK PAG base stock market estimate and forecast, 2018 - 2032
- 8.3.6.2 UK PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.3.6.3 UK PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.3.6.4 UK PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.3.7 France
- 8.3.7.1 France PAG base stock market estimate and forecast, 2018 - 2032
- 8.3.7.2 France PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.3.7.3 France PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.3.7.4 France PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.3.8 Italy
- 8.3.8.1 Italy PAG base stock market estimate and forecast, 2018 - 2032
- 8.3.8.2 Italy PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.3.8.3 Italy PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.3.8.4 Italy PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.3.9 Spain
- 8.3.9.1 Spain PAG base stock market estimate and forecast, 2018 - 2032
- 8.3.9.2 Spain PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.3.9.3 Spain PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.3.9.4 Spain PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.3.10 Russia
- 8.3.10.1 Russia PAG base stock market estimate and forecast, 2018 - 2032
- 8.3.10.2 Russia PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.3.10.3 Russia PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.3.10.4 Russia PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific PAG base stock market estimate and forecast, 2018 - 2032
- 8.4.2 Asia Pacific PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.4.3 Asia Pacific PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.4.4 Asia Pacific PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.4.5 China
- 8.4.5.1 China PAG base stock market estimate and forecast, 2018 - 2032
- 8.4.5.2 China PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.4.5.3 China PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.4.5.4 China PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.4.6 India
- 8.4.6.1 India PAG base stock market estimate and forecast, 2018 - 2032
- 8.4.6.2 India PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.4.6.3 India PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.4.6.4 India PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.4.7 Japan
- 8.4.7.1 Japan PAG base stock market estimate and forecast, 2018 - 2032
- 8.4.7.2 Japan PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.4.7.3 Japan PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.4.7.4 Japan PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.4.8 South Korea
- 8.4.8.1 South Korea PAG base stock market estimate and forecast, 2018 - 2032
- 8.4.8.2 South Korea PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.4.8.3 South Korea PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.4.8.4 South Korea PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.4.9 Indonesia
- 8.4.9.1 Indonesia PAG base stock market estimate and forecast, 2018 - 2032
- 8.4.9.2 Indonesia PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.4.9.3 Indonesia PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.4.9.4 Indonesia PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.5 Latin America
- 8.5.1 Latin America PAG base stock market estimate and forecast, 2018 - 2032
- 8.5.2 Latin America PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.5.3 Latin America PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.5.4 Latin America PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.5.5 Brazil
- 8.5.5.1 Brazil PAG base stock market estimate and forecast, 2018 - 2032
- 8.5.5.2 Brazil PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.5.5.3 Brazil PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.5.5.4 Brazil PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.5.6 Mexico
- 8.5.6.1 Mexico PAG base stock market estimate and forecast, 2018 - 2032
- 8.5.6.2 Mexico PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.5.6.3 Mexico PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.5.6.4 Mexico PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa PAG base stock market estimate and forecast, 2018 - 2032
- 8.6.2 Middle East and Africa PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.6.3 Middle East and Africa PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.6.4 Middle East and Africa PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.6.5 South Africa
- 8.6.5.1 South Africa PAG base stock market estimate and forecast, 2018 - 2032
- 8.6.5.2 South Africa PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.6.5.3 South Africa PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.6.5.4 South Africa PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.6.6 Saudi Arabia
- 8.6.6.1 Saudi Arabia PAG base stock market estimate and forecast, 2018 - 2032
- 8.6.6.2 Saudi Arabia PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.6.6.3 Saudi Arabia PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.6.6.4 Saudi Arabia PAG base stock market estimates and forecast, by End-use, 2018 - 2032
- 8.6.7 UAE
- 8.6.7.1 UAE PAG base stock market estimate and forecast, 2018 - 2032
- 8.6.7.2 UAE PAG base stock market estimates and forecast, by compressor type, 2018 - 2032
- 8.6.7.3 UAE PAG base stock market estimates and forecast, by application, 2018 - 2032
- 8.6.7.4 UAE PAG base stock market estimates and forecast, by End-use, 2018 - 2032
Chapter 9 Company Profiles
- 9.1 BASF SE
- 9.1.1 Business overview
- 9.1.2 Financial data
- 9.1.3 Product landscape
- 9.1.4 Go-to-market strategy
- 9.1.5 SWOT analysis
- 9.2 The Dow Chemical Company
- 9.2.1 Business overview
- 9.2.2 Financial data
- 9.2.3 Product landscape
- 9.2.4 SWOT analysis
- 9.3 Clariant AG
- 9.3.1 Business overview
- 9.3.2 Financial data
- 9.3.3 Product landscape
- 9.3.4 Go-to-market strategy
- 9.3.5 SWOT analysis
- 9.4 Idemitsu Kosan Co., Ltd.
- 9.4.1 Business overview
- 9.4.2 Financial data
- 9.4.3 Product landscape
- 9.4.4 Go-to-market strategy
- 9.4.5 SWOT analysis
- 9.5 PCC Group
- 9.5.1 Business overview
- 9.5.2 Financial data
- 9.5.3 Product landscape
- 9.5.4 SWOT analysis
- 9.6 Fuchs Group
- 9.6.1 Business overview
- 9.6.2 Financial data
- 9.6.3 Product landscape
- 9.6.4 SWOT analysis
- 9.7 Croda International Plc
- 9.7.1 Business overview
- 9.7.2 Financial data
- 9.7.3 Product landscape
- 9.7.4 Go-to-market strategy
- 9.7.5 SWOT analysis
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