Chemical and Materials

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Asia-Pacific Polyalkylene Glycol (PAG) Base Oil Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Published Report
  • Feb 2022
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 79
  • No of Figures: 26

Asia-Pacific Polyalkylene Glycol (PAG) Base Oil Market, By Product (Conventional Water Insoluble and Water-soluble), Application (Hydraulic Oil, Gear Oil, Compressor Oil, Metal Working Fluids, Greases, and Others), End-Use (Automotive, Aerospace, Marine, Tooling & Industrial Equipment, HVAC & Refrigeration, and Others), Country (Japan, China, South Korea, India, Australia and New Zealand, Taiwan, Hong-Kong, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific), Market Trends and  Forecast to 2029.

Asia-Pacific Polyalkylene Glycol (PAG) Base Oil Market

Market Analysis and Insights: Asia-Pacific Polyalkylene Glycol (PAG) Base Oil Market

Asia-Pacific Polyalkylene glycol (PAG) base oil market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing at a CAGR of 4.4% in the forecast period of 2022 to 2029 and expected to reach USD 3,355,387.91 thousand by 2029. Significant demand for polyalkylene glycol (PAG) base oils in the automotive industry have propelled the growth of the polyalkylene glycol (PAG) base oils market.

PAG oil or polyalkylene glycol is completely synthetic hygroscopic oil intended specifically for air conditioning compressors in automobiles. It is widely used as compressor oil. In addition, it is used in applications such as worn gear lubricant, anhydrous fire resistant hydraulic fluid, metal working fluid, and others. These PAG oils have high viscosity index, good water solubility, shear stability, and less volatility under high temperatures. PAG base oils are also used as textile lubricants and quenchants in metal heat treating. 

Polyalkylene Glycol (PAG) base oils are classified by their weight percent composition of oxypropylene versus oxyethylene units in the polymer chain. Polyalkylene glycol (PAG) base oils with 100 weight percent oxypropylene groups are water insoluble; whereas those with 50 to 75 weight percent oxyethylene are water soluble at ambient temperatures. Although polyalkylene glycol (PAG) base oils have long been used as industrial lubricants, recent work has led to the development of polyalkylene glycol (PAG) lubricants for use in equipment in the food processing industry. These products are known as food-grade approved lubricants.

Significant demand for polyalkylene glycol base oils in the automotive industry has propelled the growth of the polyalkylene glycol (PAG) base oils market. The considerable increase in construction activities and infrastructural development across the globe is expected to further boost the market growth. The major restraint which is impacting the global polyalkylene glycol (PAG) base oil market negatively is volatility in the crude oil prices. On the other hand, increasing use of bio-degradable PAG oils can bring opportunities for the global polyalkylene glycol (PAG) base oil market. However, presence of substitutes in the market is projected to challenge the market growth in the near future.

The polyalkylene glycol (PAG) base oil market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific Polyalkylene Glycol (PAG) Base Oil Market

Asia-Pacific Polyalkylene Glycol (PAG) Base Oil Market Scope and Market Size

Asia-Pacific Polyalkylene glycol (PAG) base oil market is segmented on the basis of product, application and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of product, the market is segmented into conventional (water insoluble) and water soluble. In 2022, the conventional (water insoluble) segment is expected to dominate the market as they have a very high viscosity index and good low and high temperature abilities, which helps to boost its demand in the forecast year.
  • On the basis of application, the market is segmented into hydraulic oil, gear oil, compressor oil, metal working fluids, greases and others. In 2022, compressor oil segment is expected to dominate the market as compressor oil reduces the wear and tear on rotating parts and prevent metal from rubbing against metal, which helps to boost its demand in the forecast year.
  • On the basis of end-use, the market is segmented into automotive, aerospace, marine, tooling & industrial equipment, HVAC & refrigeration and others. In 2022, automotive segment is expected to dominate the market as PAG oil helps to control friction and wear in the automotive engine, which helps to boost its demand in the forecast year.

Polyalkylene Glycol (PAG) Base Oil Market Country Level Analysis

Asia-Pacific market is analysed and market size information is provided based on country, product, application and end-use as referenced above.

The countries covered in the Asia-Pacific polyalkylene glycol (PAG) base oil  market report are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and New Zealand, Hong Kong, Taiwan, and Rest of Asia-Pacific.

Asia-Pacific polyalkylene glycol (PAG) base oil market is dominating the market due to significant demand for PAGs in the automotive industry, which boosts demand of polyalkylene glycol (PAG) base oil in the region.

Global Polyalkylene Glycol (PAG) Base Oil Market

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Significant Demand for PAGs in the Automotive Industry

Asia-Pacific polyalkylene glycol (PAG) base oil market also provides you with detailed market analysis for every country growth in installed base of different kind of products for polyalkylene glycol (PAG) base oil market, impact of technology using life line curves and changes in production technology, regulatory scenarios and their impact on the polyalkylene glycol (PAG) base oil market. The data is available for historic period 2012 to 2020.

Competitive Landscape and Polyalkylene Glycol (PAG) Base Oil Market Share Analysis

Asia-Pacific polyalkylene glycol (PAG) base oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the Asia-Pacific polyalkylene glycol (PAG) base oil market.

Some of the major players covered in the report are Phillips 66 Company, Exxon Mobil Corporation, Total Energies, Royal Dutch Shell Plc, Denso Corporation, BASF SE, ENI Oil Products, Chevron Corporation, FUCHS, Croda International Plc, HANNONG Chemicals Inc., Petronas Lubricants International, LIQUI MOLY GmbH, Morris Lubricants, Ultrachem Inc and Idemitsu Kosan Co., Ltd., among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

For instance,

  • In March 2021, Independent Truck Repair Group (iTRG) teamed up with Phillips 66 Lubricants to offer a national oil program for their members. Through this new program, iTRG members will access special pricing, promotional materials, rebates, and enhanced education and technical support on Phillips 66 Company premium diesel products. This will bring more customers to Phillips 66 Company.


SKU-

TABLE 1 IMPORT DATA OF PRODUCT: 3403 LUBRICANT PREPARATIONS, INCL. CUTTING-OIL PREPARATIONS, BOLT OR NUT RELEASE PREPARATIONS, ANTI-RUST… (USD THOUSAND)

TABLE 2 EXPORT DATA OF PRODUCT: 3403 LUBRICANT PREPARATIONS, INCL. CUTTING-OIL PREPARATIONS, BOLT OR NUT RELEASE PREPARATIONS, ANTI-RUST… (USD THOUSAND)

TABLE 3 ASIA PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 4 ASIA PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 5 ASIA PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRICE, 2020-2029 (USD/KILOTONNE)

TABLE 6 ASIA PACIFIC CONVENTIONAL (WATER INSOLUBLE) IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 7 ASIA PACIFIC CONVENTIONAL (WATER INSOLUBLE) IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (THOUSAND KILOTONNES)

TABLE 8 ASIA PACIFIC WATER SOLUBLE IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 9 ASIA PACIFIC WATER SOLUBLE IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (THOUSAND KILOTONNES)

TABLE 10 ASIA PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 11 ASIA PACIFIC COMPRESSOR OIL IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 12 ASIA PACIFIC HYDRAULIC OIL IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 13 ASIA PACIFIC METAL WORKING FLUIDS IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 14 ASIA PACIFIC GEAR OIL IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 15 ASIA PACIFIC GREASES IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 16 ASIA PACIFIC OTHERS IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 17 ASIA PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 18 ASIA PACIFIC AUTOMOTIVE IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 19 ASIA PACIFIC TOOLING & INDUSTRIAL EQUIPMENT IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 20 ASIA PACIFIC MARINE IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 21 ASIA PACIFIC AEROSPACE IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 22 ASIA PACIFIC HVAC & REFRIGERATION IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 23 ASIA PACIFIC OTHERS IN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY REGION, 2020-2029 (USD THOUSAND)

TABLE 24 ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY COUNTRY, 2020-2029 (USD THOUSAND)

TABLE 25 ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY COUNTRY, 2020-2029 (THOUSAND KILOTONNES)

TABLE 26 ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 27 ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 28 ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 29 ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 30 CHINA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 31 CHINA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 32 CHINA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 33 CHINA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 34 INDIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 35 INDIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 36 INDIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 37 INDIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 38 JAPAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 39 JAPAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 40 JAPAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 41 JAPAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 42 MALAYSIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 43 MALAYSIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 44 MALAYSIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 45 MALAYSIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 46 THAILAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 47 THAILAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 48 THAILAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 49 THAILAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 50 AUSTRALIA & NEW ZEALAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 51 AUSTRALIA & NEW ZEALAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 52 AUSTRALIA & NEW ZEALAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 53 AUSTRALIA & NEW ZEALAND POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 54 SOUTH KOREA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 55 SOUTH KOREA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 56 SOUTH KOREA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 57 SOUTH KOREA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 58 INDONESIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 59 INDONESIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 60 INDONESIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 61 INDONESIA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 62 HONG KONG POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 63 HONG KONG POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 64 HONG KONG POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 65 HONG KONG POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 66 SINGAPORE POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 67 SINGAPORE POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 68 SINGAPORE POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 69 SINGAPORE POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 70 TAIWAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 71 TAIWAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 72 TAIWAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 73 TAIWAN POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 74 PHILIPPINES POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 75 PHILIPPINES POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

TABLE 76 PHILIPPINES POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2020-2029 (USD THOUSAND)

TABLE 77 PHILIPPINES POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2020-2029 (USD THOUSAND)

TABLE 78 REST OF ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

TABLE 79 REST OF ASIA-PACIFIC POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (THOUSAND KILOTONNES)

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