Poly Alpha Olefin Market Size To Reach $1.80 Billion By 2030

Poly Alpha Olefin Market Growth & Trends

The global poly alpha olefin market size is expected to reach USD 1.80 billion by 2030, registering a CAGR of 2.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing offshore drilling activities coupled with growing automotive industry is expected to drive the demand for poly alpha olefin (PAO) in synthetic lubricant application. High growth markets such as India, China, UAE, and Brazil have been shifting their preferences towards high-grade lubricants from conventional mineral oils. This factor is anticipated to remain the key driving factor for the growth of PAO over the forecast period.

PAO has various advantages over conventional lubricants such as wear & tear protection, excellent thermal stability, and good load carrying capacity which is anticipated to propel PAO industry growth over the forecast period.

PAO based synthetic fluids are expected to gain importance in future owing to lower toxicity, bioaccumulation potential and fluid loss as compared with oil base fluids (OBF). Growing concern toward downhole losses and rising maintenance expenses in deepwater projects have urged oil & gas companies to move toward such efficient drilling oils.

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Poly Alpha Olefin Market Report Highlights

• The automotive lubricants segment dominated the global industry and held the largest revenue of 53.4% in 2023.

• Aerospace lubricants segment is anticipated to witness a significant CAGR of 3.2% during the forecast period. The key factor driving segment growth is attributed to the increasing global aircraft fleet, which includes cargo, passengers, and military.

• North America poly alpha olefin market is anticipated to hold a substantial CAGR over the forecast period. The growing need for lubricants in various industries such as automotive, oil & gas, industrial manufacturing, and others that can withstand extreme temperatures and pressures driving demand for POA lubricants.

• Asia Pacific poly alpha olefin market dominated the market in 2023 and accounted for the largest revenue of 43.9% in 2023.

Poly Alpha Olefin Market Segmentation

Grand View Research has segmented global poly alpha olefin market report based on end-use, and region:

Poly Alpha Olefin End-use Outlook (Revenue, USD Million, Volume Kilo Tons, 2018 - 2030)

• Automotive Lubricants

• Industrial Lubricants

• Aerospace Lubricants

• Others

Poly Alpha Olefin Regional Outlook (Revenue, USD Million, Volume Kilo Tons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Sweden

  • Poland

  • Hungary

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players of Poly Alpha Olefin Market

• Exxon Mobil Corporation

• INEOS

• Chevron Phillips Chemical Company LLC

• Shanxi Lu'an

• Dowpol Corporation

• PetroChina Company Limited

• APALENE TECHNOLOGY

• LANXESS

• NACO Corporation