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市場調查報告書
商品編碼
1572003

PAG基油的全球市場

PAG Base Oils
出版日期: | 出版商: Global Industry Analysts, Inc. | 英文 244 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

預計到 2030 年全球 PAG基油市場將達到 23 億美元

PAG基油的全球市場預計2023年為18億美元，預計到2030年將達到23億美元，2023-2030年分析期間複合年成長率為3.8%。水溶性PAG油是本報告分析的細分市場之一，複合年成長率為3.4%，預計到分析期結束時將達到11億美元。分析期間，水不溶性 PAG 油領域的複合年成長率預計為 4.1%。

美國市場預計為4.752億美元，而中國預計複合年成長率為3.7%

預計2023年美國PAG基油市場規模為4.752億美元。中國作為世界第二大經濟體，預計2030年市場規模將達3.663億美元，2023-2030年分析期間複合年成長率為3.7%。其他值得注意的區域市場包括日本和加拿大，預計在分析期間複合年成長率分別為 3.5% 和 3.0%。在歐洲，德國的複合年成長率預計為 3.9%。

全球 PAG基油市場 – 主要趨勢與促進因素總結

為什麼PAG基油作為高性能潤滑油的重要成分而受到關注？

聚亞烷基二醇（PAG）基油因其獨特的化學性質、優異的潤滑性和高熱穩定性而成為高性能潤滑油的重要組成部分。 PAG基油是由環氧乙烷和環氧丙烷聚合而成的合成油，與傳統礦物油和聚α烯烴(PAO) 等合成基礎油相比具有明顯的優勢。 PAG基油以其優異的黏度指數、高閃點以及優異的抗氧化和熱劣化性能而聞名。這些特性使它們非常適合極端溫度、高壓和惡劣操作條件的應用，例如壓縮機、齒輪系統和液壓油。

PAG 分子固有的極性也賦予強大的潤滑性能，減少運動部件的摩擦和磨損，延長機器壽命並提高運作效率。此外，PAG基油具有高水溶性，使其適用於關注水污染或環境法規要求生物分解性且無毒潤滑劑的應用。汽車、航太、工業機械和冷凍等行業依靠 PAG 潤滑劑在惡劣條件下提供可靠的性能。隨著越來越多的產業繼續尋求先進的潤滑解決方案以提高能源效率、降低維護成本並延長設備壽命，對 PAG基油的需求預計將大幅成長。

技術進步如何改變 PAG基油市場？

技術進步正在推動新配方的開發、提高產品性能和擴大特殊潤滑油的應用，從而改變 PAG基油市場。該領域最重要的創新之一是開發具有針對特定應用的客製化特性的 PAG基油。透過改變聚合過程中環氧乙烷與環氧丙烷的比例，製造商可以生產具有精確黏度、溶解度和熱性能的 PAG基油，以滿足各個行業的特定要求。這種配方靈活性使我們能夠製造出在特定環境下表現最佳的潤滑油，例如高溫壓縮機、工業齒輪系統以及移動和固定設備中使用的液壓油。

另一個創新趨勢是將先進的添加劑技術整合到 PAG基油中以提高性能。 PAG 配方中加入了抗磨劑、抗氧化劑和腐蝕抑制劑等添加劑，以提高耐用性和防護性能。例如，先進的抗磨添加劑可以防止齒輪和軸承的表面損壞，減少停機時間並延長設備壽命。抗氧化劑的添加提高了PAG油的熱穩定性和抗氧化性，使其適合高溫應用。使用針對性添加劑對 PAG基油進行改質的能力使得能夠開發出在各種工業和汽車應用中具有卓越性能和效率的下一代潤滑油。

人們對永續性和環境法規的興趣日益濃厚，也推動了 PAG基油市場的創新。 PAG基油本質上可生物分解性且毒性低，使其成為傳統礦物油和其他可能造成環境風險的合成潤滑油的有吸引力的替代品。製造商正在投資研發，以創造符合嚴格環境標準的 PAG 配方，例如 REACH（化學品註冊、評估、授權和限制）和歐洲生態標籤。在 PAG基油的生產中使用生物基原料正在取得進展，因為它進一步減少了這些產品對環境的影響，並支持產業促進永續性的努力。隨著這些技術的不斷發展，PAG基油變得更加通用、環保，能夠滿足現代工業和汽車潤滑油的多樣化需求。

環境法規和永續性目標在採用 PAG基油發揮什麼作用？

環境法規和永續性目標在推動 PAG基油在尋求減少環境足跡並遵守法規要求的行業中採用方面發揮著至關重要的作用。 PAG基油以其優異的生物分解性和低毒性而聞名，使其適用於關注環境影響的應用。法規擴大要求在意外洩漏可能造成重大環境損害的領域（例如海洋、林業和農業）使用環保潤滑油。 PAG基油符合美國環保署 (EPA) 和歐盟 (EU) 等監管機構制定的環保潤滑劑 (EAL) 要求，我們的目標是在保持高性能潤滑的同時實現合規性。一個有吸引力的選擇。

對永續性的日益關注也影響了 PAG基油在汽車和工業應用中的採用。全球減少溫室氣體排放和提高能源效率的努力正在增加對有助於減少能源消耗和提高設備性能的潤滑油的需求。基於 PAG 的潤滑劑已被證明可以減少摩擦和磨損，從而降低機械和車輛的能源消耗和碳排放。在汽車應用中，PAG 油用作空調系統中的壓縮機油，其高熱穩定性和潤滑性可提高系統效率並減少冷媒洩漏，使其成為提高燃油效率和排放氣體的行業領先工具。

此外，在高溫、高負載應用中使用 PAG基油有助於產業最大限度地減少潤滑油消耗和浪費。其優異的氧化穩定性和熱解性可延長保養週期，減少換油頻率，並減少需要處理或回收的廢油量。延長的油品壽命不僅降低了維護成本，也減少了油品處理對環境的影響。隨著公司繼續優先考慮永續性和法規遵循性，對兼具環境效益和高性能潤滑功能的 PAG基油的需求預計將大幅成長。

推動PAG基油全球市場成長的因素有哪些？

PAG基油全球市場的成長受到多種因素的推動，包括對高性能潤滑油的需求不斷增加、對能源效率和永續性的日益關注以及工業應用的擴大。關鍵的成長要素之一是對高性能潤滑油的需求不斷成長，這些潤滑油可以承受惡劣的條件並在各種工業和汽車環境中提供可靠的性能。 PAG基油擴大用於高溫、高壓和惡劣工作環境的應用，例如壓縮機、液壓系統和變速箱。它們能夠提供出色的潤滑性、出色的熱穩定性和低揮發性，使其成為這些要求苛刻的應用的理想選擇，支持它們在製造、汽車和發電等行業的採用。

對能源效率和永續性的日益關注也是市場成長的主要驅動力。基於 PAG 的潤滑劑已被證明可以減少摩擦和磨損，從而提高機械和車輛的能源效率並降低碳排放。隨著工業界努力降低能源消耗並盡量減少對環境的影響，PAG基油節能潤滑油的使用正在蓬勃發展。此外，海洋、林業和農業應用中擴大採用環保潤滑劑 (EAL) 也推動了對 PAG基油的需求。 PAG基油具有高度生物分解性且毒性低，適合在環境敏感的場所使用。 PAG基油可以在不犧牲性能的情況下支持永續性目標，使其成為尋求環境責任和營運效率之間平衡的公司的選擇。

PAG基油工業應用的擴展也有助於市場成長。除了用於壓縮機和齒輪系統外，PAG基油還用作金屬加工中的淬火劑、製造設備中的液壓油以及食品加工中的鏈條潤滑劑。其獨特的化學特性，例如高水溶性和優異的導熱性，使其適用於傳統油無法有效發揮作用的特殊應用。 PAG基油的多功能性支持其在各個行業的採用，並透過提供根據客戶需求量身定做的潤滑解決方案來擴大市場潛力。

此外，持續的研發 (R&D) 努力正在催生具有改進性能的新 PAG 配方。製造商正致力於開發具有更高熱穩定性、抗氧化性以及與各種密封劑相容性的 PAG基油，使其適合在更惡劣的環境中使用。用於耐火液壓液和環保金屬加工液的水溶性 PAG 的開發正在為市場成長創造新的機會。這些進步擴大了 PAG基油的應用範圍，引起了尋求創新潤滑解決方案的行業的興趣。

此外，PAG基油在汽車應用中的使用不斷增加，特別是電動車 (EV) 和混合動力汽車，正在影響市場動態。 PAG 油因其高導熱性、低摩擦特性以及與電氣元件的兼容性而被用作電動車的變速箱油和冷卻劑。電動車市場的成長正在創造對先進潤滑油的新需求，這些潤滑油可以支持電力傳動系統的獨特要求並有助於提高車輛的整體效率。隨著汽車產業的不斷發展和電動車需求的增加，PAG基油在汽車潤滑油中的使用預計將會增加。

此外，新興市場工業化和製造業活動成長的影響正在為 PAG基油市場創造新的機會。由於工業基礎的擴大和基礎設施的投資，亞太地區、拉丁美洲和中東國家對高性能潤滑油的需求不斷增加。這些地區採用 PAG基油得益於提高能源效率、降低維護成本和促進永續工業實踐的努力。由於這些因素的綜合作用，由於技術進步、工業應用的擴大以及各行業對能源效率和永續性的日益關注，PAG基油的全球市場有望強勁成長。

受訪企業範例（共42例）

  • Denso Corporation
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Hornett Bros & Co Ltd.
  • ILCSRL
  • Idemitsu Kosan Co., Ltd.
  • Morris Lubricants
  • Phillips 66 Company
  • Royal Dutch Shell PLC
  • TSI Supercool

目錄

第1章調查方法

第 2 章執行摘要

  • 市場概況
  • 主要企業
  • 市場趨勢和促進因素
  • 全球市場展望

第3章市場分析

  • 美國
  • 加拿大
  • 日本
  • 中國
  • 歐洲
  • 法國
  • 德國
  • 義大利
  • 英國
  • 其他歐洲國家
  • 亞太地區
  • 其他領域

第4章 比賽

簡介目錄
Product Code: MCP16667

Global PAG Base Oils Market to Reach US$2.3 Billion by 2030

The global market for PAG Base Oils estimated at US$1.8 Billion in the year 2023, is expected to reach US$2.3 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2023-2030. Water Soluble PAG Oils, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Water Insoluble PAG Oils segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$475.2 Million While China is Forecast to Grow at 3.7% CAGR

The PAG Base Oils market in the U.S. is estimated at US$475.2 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$366.3 Million by the year 2030 trailing a CAGR of 3.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global PAG Base Oils Market - Key Trends & Drivers Summarized

Why Are PAG Base Oils Gaining Prominence as an Essential Component in High-Performance Lubricants?

Polyalkylene glycol (PAG) base oils are gaining prominence as an essential component in high-performance lubricants due to their unique chemical properties, exceptional lubricity, and high thermal stability. PAG base oils are synthetic oils derived from the polymerization of ethylene oxide and propylene oxide, and they offer distinct advantages over conventional mineral oils and other synthetic base oils like polyalphaolefins (PAOs). PAG base oils are known for their excellent viscosity index, high flash points, and superior resistance to oxidation and thermal degradation. These properties make them ideal for use in applications that involve extreme temperatures, high pressures, and harsh operating conditions, such as in compressors, gear systems, and hydraulic fluids.

The inherent polar nature of PAG molecules also imparts strong lubricating properties, reducing friction and wear in moving parts, which extends the life of machinery and improves operational efficiency. Additionally, PAG base oils exhibit high water solubility, making them a preferred choice for applications where water contamination is a concern or where environmental regulations require biodegradable and non-toxic lubricants. Industries such as automotive, aerospace, industrial machinery, and refrigeration rely on PAG-based lubricants for their ability to provide reliable performance under demanding conditions. As industries continue to seek advanced lubrication solutions that improve energy efficiency, reduce maintenance costs, and enhance equipment longevity, the demand for PAG base oils is expected to grow significantly.

How Are Technological Advancements Transforming the PAG Base Oils Market?

Technological advancements are transforming the PAG base oils market by enabling the development of new formulations, improving product performance, and expanding the range of applications for these specialty lubricants. One of the most significant innovations in this space is the development of customized PAG base oils with tailored properties for specific applications. By varying the ratios of ethylene oxide and propylene oxide during polymerization, manufacturers can create PAG base oils with precise viscosities, solubility characteristics, and thermal properties that meet the unique requirements of different industries. This flexibility in formulation allows for the creation of lubricants that offer optimal performance in specific environments, such as high-temperature compressors, industrial gear systems, and hydraulic fluids used in mobile and stationary equipment.

Another transformative trend is the integration of advanced additive technologies into PAG base oils to enhance their performance characteristics. Additives such as anti-wear agents, antioxidants, and corrosion inhibitors are being incorporated into PAG-based formulations to improve their durability and protective properties. For example, the use of advanced anti-wear additives helps prevent surface damage in gears and bearings, reducing downtime and extending equipment life. The addition of antioxidants improves the thermal stability and oxidation resistance of PAG oils, making them more suitable for high-temperature applications. The ability to modify PAG base oils with targeted additives is enabling the development of next-generation lubricants that deliver superior performance and efficiency in a wide range of industrial and automotive applications.

The growing focus on sustainability and environmental regulations is also driving innovation in the PAG base oils market. PAG base oils are inherently biodegradable and have low toxicity, making them an attractive alternative to conventional mineral oils and other synthetic lubricants that may pose environmental risks. Manufacturers are investing in research and development to create PAG formulations that comply with stringent environmental standards such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and the European Ecolabel. The use of bio-based raw materials in the production of PAG base oils is gaining traction, as it further reduces the environmental impact of these products and supports the industry’s efforts to promote sustainability. As these technologies continue to evolve, they are making PAG base oils more versatile, environmentally friendly, and capable of meeting the diverse needs of modern industrial and automotive lubrication applications.

What Role Do Environmental Regulations and Sustainability Goals Play in Driving the Adoption of PAG Base Oils?

Environmental regulations and sustainability goals are playing a pivotal role in driving the adoption of PAG base oils as industries seek to reduce their environmental footprint and comply with regulatory requirements. PAG base oils are known for their excellent biodegradability and low toxicity, making them a preferred choice for applications where environmental impact is a concern. In sectors such as marine, forestry, and agriculture, where accidental spills can cause significant environmental damage, the use of environmentally friendly lubricants is increasingly being mandated by regulations. PAG base oils meet the requirements of environmentally acceptable lubricants (EALs) as defined by regulatory bodies such as the U.S. Environmental Protection Agency (EPA) and the European Union, making them an attractive option for companies looking to achieve compliance while maintaining high-performance lubrication.

The rising focus on sustainability is also influencing the adoption of PAG base oils in automotive and industrial applications. With global initiatives to reduce greenhouse gas emissions and promote energy efficiency, there is growing demand for lubricants that can contribute to lower energy consumption and improved equipment performance. PAG-based lubricants have been shown to reduce friction and wear, leading to lower energy usage and reduced carbon emissions in machinery and vehicles. In automotive applications, PAG oils are used as compressor fluids in air conditioning systems, where their high thermal stability and lubricity improve system efficiency and reduce refrigerant leakage, supporting the industry’s efforts to improve fuel efficiency and reduce emissions.

Moreover, the use of PAG base oils in high-temperature and high-load applications is helping industries minimize lubricant consumption and waste. Their superior oxidative stability and resistance to thermal breakdown allow for longer service intervals, reducing the frequency of oil changes and the amount of used oil that needs to be disposed of or recycled. This extended oil life not only lowers maintenance costs but also reduces the environmental impact associated with oil disposal. As companies continue to prioritize sustainability and regulatory compliance, the demand for PAG base oils that offer both environmental benefits and high-performance lubrication is expected to grow significantly.

What Factors Are Driving the Growth of the Global PAG Base Oils Market?

The growth in the global PAG base oils market is driven by several factors, including the increasing demand for high-performance lubricants, the rising focus on energy efficiency and sustainability, and the expanding range of industrial applications. One of the primary growth drivers is the growing demand for high-performance lubricants that can withstand extreme conditions and provide reliable performance in a variety of industrial and automotive settings. PAG base oils are being increasingly used in applications that involve high temperatures, high pressures, and challenging operating environments, such as compressors, hydraulic systems, and gearboxes. Their ability to offer superior lubricity, excellent thermal stability, and low volatility makes them ideal for these demanding applications, supporting their adoption in industries such as manufacturing, automotive, and power generation.

The rising focus on energy efficiency and sustainability is another key factor contributing to market growth. PAG-based lubricants have been shown to reduce friction and wear, leading to improved energy efficiency and reduced carbon emissions in machinery and vehicles. As industries strive to lower their energy consumption and minimize their environmental impact, the use of energy-efficient lubricants such as PAG base oils is gaining momentum. In addition, the increasing adoption of environmentally acceptable lubricants (EALs) in marine, forestry, and agriculture applications is driving demand for PAG base oils, as they offer high biodegradability and low toxicity, making them suitable for use in environmentally sensitive areas. The ability of PAG base oils to support sustainability goals without compromising on performance is making them a preferred choice for companies seeking to balance environmental responsibility with operational efficiency.

The expanding range of industrial applications for PAG base oils is also contributing to market growth. In addition to their use in compressors and gear systems, PAG base oils are being used as quenchants in metalworking, as hydraulic fluids in manufacturing equipment, and as chain lubricants in food processing. Their unique chemical properties, such as high water solubility and excellent thermal conductivity, make them suitable for specialized applications where conventional oils may not perform as effectively. The versatility of PAG base oils in providing tailored lubrication solutions is supporting their adoption in a diverse range of industries and expanding their market potential.

Moreover, ongoing research and development (R&D) efforts are leading to the creation of new PAG formulations with enhanced performance characteristics. Manufacturers are focusing on developing PAG base oils with improved thermal stability, oxidation resistance, and compatibility with various seal materials, making them suitable for use in more challenging environments. The development of water-soluble PAGs for use in fire-resistant hydraulic fluids and environmentally friendly metalworking fluids is creating new opportunities for market growth. These advancements are helping expand the application scope of PAG base oils and attracting interest from industries looking for innovative lubrication solutions.

Additionally, the increasing use of PAG base oils in automotive applications, particularly in electric vehicles (EVs) and hybrid vehicles, is influencing market dynamics. PAG oils are being used as transmission fluids and cooling fluids in EVs due to their high thermal conductivity, low friction properties, and compatibility with electrical components. The growth of the EV market is creating new demand for advanced lubricants that can support the unique requirements of electric drivetrains and contribute to overall vehicle efficiency. As the automotive industry continues to evolve and the demand for EVs increases, the use of PAG base oils in automotive lubrication is expected to rise.

Furthermore, the impact of industrialization and the growth of manufacturing activities in emerging markets are creating new opportunities for the PAG base oils market. Countries in Asia-Pacific, Latin America, and the Middle East are witnessing increased demand for high-performance lubricants as they expand their industrial base and invest in infrastructure development. The adoption of PAG base oils in these regions is being supported by initiatives to improve energy efficiency, reduce maintenance costs, and promote sustainable industrial practices. As these factors converge, the global PAG base oils market is poised for robust growth, driven by technological advancements, expanding industrial applications, and the increasing emphasis on energy efficiency and sustainability across various sectors.

Select Competitors (Total 42 Featured) -

  • Denso Corporation
  • Exxon Mobil Corporation
  • Fuchs Petrolub SE
  • Hornett Bros & Co Ltd.
  • I.L.C. S.R.L.
  • Idemitsu Kosan Co., Ltd.
  • Morris Lubricants
  • Phillips 66 Company
  • Royal Dutch Shell PLC
  • TSI Supercool

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • World Market Trajectories
    • PAG Base Oils - Global Key Competitors Percentage Market Share in 2024 (E)
    • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
    • Increasing Adoption of PAG Base Oils in Automotive and Industrial Applications Expands Addressable Market
    • Innovations in Synthetic Base Oil Formulations Strengthen Business Case for Market Growth
    • Case Overview: Growth in Use of PAG Base Oils in Compressors and Gear Lubrication Bodes Well for Market Expansion
    • Rising Focus on Enhancing Lubricant Efficiency and Thermal Stability Drives Market Adoption
    • Increasing Use of PAG Base Oils in Environmentally Friendly and Biodegradable Lubricants Expands Market Scope
    • Rising Adoption of PAG Base Oils in Metalworking and Hydraulic Fluids Expands Addressable Market
    • Technological Innovations in Water-Soluble and Water-Miscible PAG Base Oils Propel Market Adoption
    • Focus on Enhancing Corrosion Resistance and Oxidation Stability Drives Market Demand
    • Increasing Use of PAG Base Oils in Textile and Paper Machinery Lubrication Expands Market Scope
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: World PAG Base Oils Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
    • TABLE 2: World Recent Past, Current & Future Analysis for PAG Base Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
    • TABLE 3: World Historic Review for PAG Base Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 4: World 16-Year Perspective for PAG Base Oils by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
    • TABLE 5: World Recent Past, Current & Future Analysis for Water Soluble PAG Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
    • TABLE 6: World Historic Review for Water Soluble PAG Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 7: World 16-Year Perspective for Water Soluble PAG Oils by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
    • TABLE 8: World Recent Past, Current & Future Analysis for Water Insoluble PAG Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
    • TABLE 9: World Historic Review for Water Insoluble PAG Oils by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 10: World 16-Year Perspective for Water Insoluble PAG Oils by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
    • TABLE 11: World Recent Past, Current & Future Analysis for Industrial Tooling and Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
    • TABLE 12: World Historic Review for Industrial Tooling and Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 13: World 16-Year Perspective for Industrial Tooling and Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
    • TABLE 14: World Recent Past, Current & Future Analysis for HVAC and Refrigeration Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
    • TABLE 15: World Historic Review for HVAC and Refrigeration Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 16: World 16-Year Perspective for HVAC and Refrigeration Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
    • TABLE 17: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
    • TABLE 18: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 19: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

  • UNITED STATES
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
    • TABLE 20: USA Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 21: USA Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 22: USA 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 23: USA Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 24: USA Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 25: USA 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • CANADA
    • TABLE 26: Canada Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 27: Canada Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 28: Canada 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 29: Canada Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 30: Canada Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 31: Canada 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • JAPAN
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
    • TABLE 32: Japan Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 33: Japan Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 34: Japan 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 35: Japan Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 36: Japan Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 37: Japan 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • CHINA
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
    • TABLE 38: China Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 39: China Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 40: China 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 41: China Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 42: China Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 43: China 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • EUROPE
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
    • TABLE 44: Europe Recent Past, Current & Future Analysis for PAG Base Oils by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
    • TABLE 45: Europe Historic Review for PAG Base Oils by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 46: Europe 16-Year Perspective for PAG Base Oils by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
    • TABLE 47: Europe Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 48: Europe Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 49: Europe 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 50: Europe Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 51: Europe Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 52: Europe 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • FRANCE
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
    • TABLE 53: France Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 54: France Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 55: France 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 56: France Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 57: France Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 58: France 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • GERMANY
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
    • TABLE 59: Germany Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 60: Germany Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 61: Germany 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 62: Germany Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 63: Germany Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 64: Germany 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • ITALY
    • TABLE 65: Italy Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 66: Italy Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 67: Italy 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 68: Italy Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 69: Italy Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 70: Italy 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • UNITED KINGDOM
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
    • TABLE 71: UK Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 72: UK Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 73: UK 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 74: UK Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 75: UK Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 76: UK 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • REST OF EUROPE
    • TABLE 77: Rest of Europe Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 78: Rest of Europe Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 79: Rest of Europe 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 80: Rest of Europe Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 81: Rest of Europe Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 82: Rest of Europe 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • ASIA-PACIFIC
    • PAG Base Oils Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
    • TABLE 83: Asia-Pacific Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 84: Asia-Pacific Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 85: Asia-Pacific 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 86: Asia-Pacific Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 87: Asia-Pacific Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 88: Asia-Pacific 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030
  • REST OF WORLD
    • TABLE 89: Rest of World Recent Past, Current & Future Analysis for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 90: Rest of World Historic Review for PAG Base Oils by Segment - Water Soluble PAG Oils and Water Insoluble PAG Oils Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 91: Rest of World 16-Year Perspective for PAG Base Oils by Segment - Percentage Breakdown of Value Sales for Water Soluble PAG Oils and Water Insoluble PAG Oils for the Years 2014, 2024 & 2030
    • TABLE 92: Rest of World Recent Past, Current & Future Analysis for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
    • TABLE 93: Rest of World Historic Review for PAG Base Oils by End-Use - Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
    • TABLE 94: Rest of World 16-Year Perspective for PAG Base Oils by End-Use - Percentage Breakdown of Value Sales for Industrial Tooling and Equipment, HVAC and Refrigeration Equipment and Automotive for the Years 2014, 2024 & 2030

IV. COMPETITION