The global poly alpha olefin market is expected to reach USD 1.58 billion by 2025, 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.
Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/poly-alpha-olefin-pao-market
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