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North America Polyalkylene Glycol (PAG) Base Oil Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Published Report
  • Feb 2022
  • North America
  • 350 Pages
  • No of Tables: 41
  • No of Figures: 26

North America 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 (U.S., Canada, Mexico), Market Trends and  Forecast to 2029.

North America Polyalkylene Glycol (PAG) Base Oil Market

Market Analysis and Insights: North America Polyalkylene Glycol (PAG) Base Oil Market

Polyalkylene glycol (PAG) base oil market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 3.5% in the forecast period of 2022 to 2029 and expected to reach USD 1,910,851.78 thousand by 2029. Growing use in food grade products 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.

Rising technological advancements and modernization in the production techniques has propelled the growth of the polyalkylene glycol (PAG) base oils market. Growing use in food grade products 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, growing research and development activities 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.

This polyalkylene glycol (PAG) base oil market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised 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.

North America Polyalkylene Glycol (PAG) Base Oil Market

North America Polyalkylene Glycol (PAG) Base oil Market Scope and Market Size

North America polyalkylene glycol (PAG) base oil market is segmented on the basis of product, application and end-use. The growth among segments helps you analyse 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 sealing properties and protects bearing surfaces from corrosion, 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, the compressor oil segment is expected to dominate the market as compressor oil acts to seal the gaps between the screw elements, helping with the compression process, 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, the automotive segment is expected to dominate the market as PAG oil improve the life span, efficiency and reliability of machinery, which helps to boost its demand in the forecast year.

Polyalkylene Glycol (PAG) Base Oil Market Country Level Analysis

North America polyalkylene glycol (PAG) base oil market is analysed and market size information is provided by country, product, application and end-use as referenced above.

The countries covered in North America polyalkylene glycol (PAG) base oil market report are U.S., Canada, and Mexico. North America is dominating the market due to considerable increase in construction activities and infrastructural development across the globe, 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.

Considerable Increase in Construction Activities and Infrastructural Development Across the Globe

North America 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 techniques, 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

North America 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 company’s focus related to North America polyalkylene glycol (PAG) base oil market.

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, Petronas Lubricants International, LIQUI MOLY GmbH, 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 January 2021, BASF SE signed a joint development agreement with China BlueChemical Limited Company (China BlueChemical). The core of this partnership is to reduce carbon footprint via improved process efficiency and carbon efficiency is. This development will help BASF SE to attract a more customer base.

Customization Available: North America Polyalkylene Glycol (PAG) Base Oil Market   

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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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 NORTH AMERICA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2020-2029 (USD THOUSAND)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

TABLE 24 NORTH AMERICA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY COUNTRY, 2022-2029 (USD THOUSAND)

TABLE 25 NORTH AMERICA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY COUNTRY, 2022-2029 (THOUSAND KILOTONNES)

TABLE 26 NORTH AMERICA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (USD THOUSAND)

TABLE 27 NORTH AMERICA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (THOUSAND KILOTONNES)

TABLE 28 NORTH AMERICA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2022-2029 (USD THOUSAND)

TABLE 29 NORTH AMERICA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2022-2029 (USD THOUSAND)

TABLE 30 U.S. POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (USD THOUSAND)

TABLE 31 U.S. POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (THOUSAND KILOTONNES)

TABLE 32 U.S. POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2022-2029 (USD THOUSAND)

TABLE 33 U.S. POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2022-2029 (USD THOUSAND)

TABLE 34 CANADA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (USD THOUSAND)

TABLE 35 CANADA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (THOUSAND KILOTONNES)

TABLE 36 CANADA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2022-2029 (USD THOUSAND)

TABLE 37 CANADA POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2022-2029 (USD THOUSAND)

TABLE 38 MEXICO POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (USD THOUSAND)

TABLE 39 MEXICO POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY PRODUCT, 2022-2029 (THOUSAND KILOTONNES)

TABLE 40 MEXICO POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY APPLICATION, 2022-2029 (USD THOUSAND)

TABLE 41 MEXICO POLYALKYLENE GLYCOL (PAG) BASE OIL MARKET, BY END-USE, 2022-2029 (USD THOUSAND)

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