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PAG Base Oil-Global Market Insights and Sales Trends 2025
Synopsis
PAG oil, or Polyalkylene Glycol, is a fully synthetic hygroscopic oil specifically designed for automotive air conditioner compressors
The global PAG Base Oil market size is expected to reach US$ 1816.3 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of PAG Base Oil in various end use industries. The expanding demands from the Metal Working Fluids, Compressor Lubricants and Other, are propelling PAG Base Oil market. Water Soluble PAG Oils, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Water Insoluble PAG Oils segment is estimated at % CAGR for the next seven-year period.
PAG oil is mainly used as compressor oil.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for PAG Base Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global PAG Base Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global PAG Base Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, PAG Base Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of PAG Base Oil covered in this report include Idemitsu, DuPont, Exxon Mobil, Petronas Lubricants International and Shell, etc.
The global PAG Base Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Idemitsu
DuPont
Exxon Mobil
Petronas Lubricants International
Shell
Global PAG Base Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global PAG Base Oil market, Segment by Type:
Water Soluble PAG Oils
Water Insoluble PAG Oils
Global PAG Base Oil market, by Application
Metal Working Fluids
Compressor Lubricants
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of PAG Base Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of PAG Base Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
PAG oil, or Polyalkylene Glycol, is a fully synthetic hygroscopic oil specifically designed for automotive air conditioner compressors
The global PAG Base Oil market size is expected to reach US$ 1816.3 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of PAG Base Oil in various end use industries. The expanding demands from the Metal Working Fluids, Compressor Lubricants and Other, are propelling PAG Base Oil market. Water Soluble PAG Oils, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Water Insoluble PAG Oils segment is estimated at % CAGR for the next seven-year period.
PAG oil is mainly used as compressor oil.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for PAG Base Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global PAG Base Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global PAG Base Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, PAG Base Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of PAG Base Oil covered in this report include Idemitsu, DuPont, Exxon Mobil, Petronas Lubricants International and Shell, etc.
The global PAG Base Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Idemitsu
DuPont
Exxon Mobil
Petronas Lubricants International
Shell
Global PAG Base Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global PAG Base Oil market, Segment by Type:
Water Soluble PAG Oils
Water Insoluble PAG Oils
Global PAG Base Oil market, by Application
Metal Working Fluids
Compressor Lubricants
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of PAG Base Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of PAG Base Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 PAG Base Oil Market Overview
1.1 PAG Base Oil Product Overview
1.2 PAG Base Oil Market Segment by Type
1.2.1 Water Soluble PAG Oils
1.2.2 Water Insoluble PAG Oils
1.3 Global PAG Base Oil Market Size by Type
1.3.1 Global PAG Base Oil Market Size Overview by Type (2018-2029)
1.3.2 Global PAG Base Oil Historic Market Size Review by Type (2018-2023)
1.3.3 Global PAG Base Oil Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America PAG Base Oil Sales Breakdown by Type (2018-2023)
1.4.2 Europe PAG Base Oil Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific PAG Base Oil Sales Breakdown by Type (2018-2023)
1.4.4 Latin America PAG Base Oil Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa PAG Base Oil Sales Breakdown by Type (2018-2023)
2 Global PAG Base Oil Market Competition by Company
2.1 Global Top Players by PAG Base Oil Sales (2018-2023)
2.2 Global Top Players by PAG Base Oil Revenue (2018-2023)
2.3 Global Top Players by PAG Base Oil Price (2018-2023)
2.4 Global Top Manufacturers PAG Base Oil Manufacturing Base Distribution, Sales Area, Product Type
2.5 PAG Base Oil Market Competitive Situation and Trends
2.5.1 PAG Base Oil Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by PAG Base Oil Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in PAG Base Oil as of 2022)
2.7 Date of Key Manufacturers Enter into PAG Base Oil Market
2.8 Key Manufacturers PAG Base Oil Product Offered
2.9 Mergers & Acquisitions, Expansion
3 PAG Base Oil Status and Outlook by Region
3.1 Global PAG Base Oil Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global PAG Base Oil Historic Market Size by Region
3.2.1 Global PAG Base Oil Sales in Volume by Region (2018-2023)
3.2.2 Global PAG Base Oil Sales in Value by Region (2018-2023)
3.2.3 Global PAG Base Oil Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global PAG Base Oil Forecasted Market Size by Region
3.3.1 Global PAG Base Oil Sales in Volume by Region (2024-2029)
3.3.2 Global PAG Base Oil Sales in Value by Region (2024-2029)
3.3.3 Global PAG Base Oil Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global PAG Base Oil by Application
4.1 PAG Base Oil Market Segment by Application
4.1.1 Metal Working Fluids
4.1.2 Compressor Lubricants
4.1.3 Other
4.2 Global PAG Base Oil Market Size by Application
4.2.1 Global PAG Base Oil Market Size Overview by Application (2018-2029)
4.2.2 Global PAG Base Oil Historic Market Size Review by Application (2018-2023)
4.2.3 Global PAG Base Oil Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America PAG Base Oil Sales Breakdown by Application (2018-2023)
4.3.2 Europe PAG Base Oil Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific PAG Base Oil Sales Breakdown by Application (2018-2023)
4.3.4 Latin America PAG Base Oil Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa PAG Base Oil Sales Breakdown by Application (2018-2023)
5 North America PAG Base Oil by Country
5.1 North America PAG Base Oil Historic Market Size by Country
5.1.1 North America PAG Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America PAG Base Oil Sales in Volume by Country (2018-2023)
5.1.3 North America PAG Base Oil Sales in Value by Country (2018-2023)
5.2 North America PAG Base Oil Forecasted Market Size by Country
5.2.1 North America PAG Base Oil Sales in Volume by Country (2024-2029)
5.2.2 North America PAG Base Oil Sales in Value by Country (2024-2029)
6 Europe PAG Base Oil by Country
6.1 Europe PAG Base Oil Historic Market Size by Country
6.1.1 Europe PAG Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe PAG Base Oil Sales in Volume by Country (2018-2023)
6.1.3 Europe PAG Base Oil Sales in Value by Country (2018-2023)
6.2 Europe PAG Base Oil Forecasted Market Size by Country
6.2.1 Europe PAG Base Oil Sales in Volume by Country (2024-2029)
6.2.2 Europe PAG Base Oil Sales in Value by Country (2024-2029)
7 Asia-Pacific PAG Base Oil by Region
7.1 Asia-Pacific PAG Base Oil Historic Market Size by Region
7.1.1 Asia-Pacific PAG Base Oil Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific PAG Base Oil Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific PAG Base Oil Sales in Value by Region (2018-2023)
7.2 Asia-Pacific PAG Base Oil Forecasted Market Size by Region
7.2.1 Asia-Pacific PAG Base Oil Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific PAG Base Oil Sales in Value by Region (2024-2029)
8 Latin America PAG Base Oil by Country
8.1 Latin America PAG Base Oil Historic Market Size by Country
8.1.1 Latin America PAG Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America PAG Base Oil Sales in Volume by Country (2018-2023)
8.1.3 Latin America PAG Base Oil Sales in Value by Country (2018-2023)
8.2 Latin America PAG Base Oil Forecasted Market Size by Country
8.2.1 Latin America PAG Base Oil Sales in Volume by Country (2024-2029)
8.2.2 Latin America PAG Base Oil Sales in Value by Country (2024-2029)
9 Middle East and Africa PAG Base Oil by Country
9.1 Middle East and Africa PAG Base Oil Historic Market Size by Country
9.1.1 Middle East and Africa PAG Base Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa PAG Base Oil Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa PAG Base Oil Sales in Value by Country (2018-2023)
9.2 Middle East and Africa PAG Base Oil Forecasted Market Size by Country
9.2.1 Middle East and Africa PAG Base Oil Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa PAG Base Oil Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Idemitsu
10.1.1 Idemitsu Company Information
10.1.2 Idemitsu Introduction and Business Overview
10.1.3 Idemitsu PAG Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Idemitsu PAG Base Oil Products Offered
10.1.5 Idemitsu Recent Development
10.2 DuPont
10.2.1 DuPont Company Information
10.2.2 DuPont Introduction and Business Overview
10.2.3 DuPont PAG Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.2.4 DuPont PAG Base Oil Products Offered
10.2.5 DuPont Recent Development
10.3 Exxon Mobil
10.3.1 Exxon Mobil Company Information
10.3.2 Exxon Mobil Introduction and Business Overview
10.3.3 Exxon Mobil PAG Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Exxon Mobil PAG Base Oil Products Offered
10.3.5 Exxon Mobil Recent Development
10.4 Petronas Lubricants International
10.4.1 Petronas Lubricants International Company Information
10.4.2 Petronas Lubricants International Introduction and Business Overview
10.4.3 Petronas Lubricants International PAG Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Petronas Lubricants International PAG Base Oil Products Offered
10.4.5 Petronas Lubricants International Recent Development
10.5 Shell
10.5.1 Shell Company Information
10.5.2 Shell Introduction and Business Overview
10.5.3 Shell PAG Base Oil Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Shell PAG Base Oil Products Offered
10.5.5 Shell Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 PAG Base Oil Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 PAG Base Oil Industrial Chain Analysis
11.4 PAG Base Oil Market Dynamics
11.4.1 PAG Base Oil Industry Trends
11.4.2 PAG Base Oil Market Drivers
11.4.3 PAG Base Oil Market Challenges
11.4.4 PAG Base Oil Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 PAG Base Oil Distributors
12.3 PAG Base Oil Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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