Asia Pacific 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 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).

Free Valuable Insights: The Global Polyalphaolefin Market is Predict to reach $2.5 Billion by 2030, at a CAGR of 3.0%

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
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Polyalphaolefin Market, by Type
1.4.2 Asia Pacific Polyalphaolefin Market, by Application
1.4.3 Asia Pacific 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. Asia Pacific Polyalphaolefin Market by Type
4.1 Asia Pacific High Viscosity Market by Country
4.2 Asia Pacific Medium Viscosity Market by Country
4.3 Asia Pacific Low Viscosity Market by Country

Chapter 5. Asia Pacific Polyalphaolefin Market by Application
5.1 Asia Pacific Engine Oil Market by Country
5.2 Asia Pacific Gear Oil Market by Country
5.3 Asia Pacific Compressor Oil Market by Country
5.4 Asia Pacific Grease Market by Country
5.5 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Polyalphaolefin Market by Country
6.1 China Polyalphaolefin Market
6.1.1 China Polyalphaolefin Market by Type
6.1.2 China Polyalphaolefin Market by Application
6.2 Japan Polyalphaolefin Market
6.2.1 Japan Polyalphaolefin Market by Type
6.2.2 Japan Polyalphaolefin Market by Application
6.3 India Polyalphaolefin Market
6.3.1 India Polyalphaolefin Market by Type
6.3.2 India Polyalphaolefin Market by Application
6.4 South Korea Polyalphaolefin Market
6.4.1 South Korea Polyalphaolefin Market by Type
6.4.2 South Korea Polyalphaolefin Market by Application
6.5 Singapore Polyalphaolefin Market
6.5.1 Singapore Polyalphaolefin Market by Type
6.5.2 Singapore Polyalphaolefin Market by Application
6.6 Malaysia Polyalphaolefin Market
6.6.1 Malaysia Polyalphaolefin Market by Type
6.6.2 Malaysia Polyalphaolefin Market by Application
6.7 Rest of Asia Pacific Polyalphaolefin Market
6.7.1 Rest of Asia Pacific Polyalphaolefin Market by Type
6.7.2 Rest of Asia Pacific 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

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

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Polyalphaolefin Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Polyalphaolefin Market
FIG 4 Porter’s Five Forces Analysis – polyalphaolefin market
FIG 5 Asia Pacific Polyalphaolefin Market share by Type, 2022
FIG 6 Asia Pacific Polyalphaolefin Market share by Type, 2030
FIG 7 Asia Pacific Polyalphaolefin Market by Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Polyalphaolefin Market share by Application, 2022
FIG 9 Asia Pacific Polyalphaolefin Market share by Application, 2030
FIG 10 Asia Pacific Polyalphaolefin Market by Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Polyalphaolefin Market share by Country, 2022
FIG 12 Asia Pacific Polyalphaolefin Market share by Country, 2030
FIG 13 Asia Pacific Polyalphaolefin Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Chevron Phillips Chemical Company LLC
FIG 15 SWOT Analysis: INEOS GROUP HOLDINGS S.A.
FIG 16 SWOT Analysis: Mitsui Chemicals, Inc.
FIG 17 Recent strategies and developments: Exxon Mobil Corporation
FIG 18 SWOT Analysis: Exxon Mobil Corporation
FIG 19 Recent strategies and developments: shell plc
FIG 20 SWOT Analysis: Shell plc
FIG 21 Swot Analysis: Idemitsu Kosan Co., Ltd.
FIG 22 Swot Analysis: Lanxess AG