This Polyalkylene Glycol (PAG) Base Oil Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Electric Enclosure  report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyzes that the market is growing at a CAGR of 3.7% in the forecast period of 2022 to 2029 and is expected to reach USD 7,870,702.96 thousand by 2029.

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Market Overview:

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.

Some of the major players operating in the Polyalkylene Glycol (PAG) Base Oil Market are

hillips 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, Hornett Bros & Co Ltd., LIQUI MOLY GmbH, Morris Lubricants, Ultrachem Inc, and Idemitsu Kosan Co., Ltd.

Global Polyalkylene Glycol (PAG) Base Oil Market Scope

The global polyalkylene glycol (PAG) base oil market is segmented into three notable segments, based on 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 global polyalkylene glycol (PAG) base oil market is segmented into conventional (water insoluble) and water-soluble. In 2022, the conventional (water soluble) segment is expected to dominate the market as they have a very high viscosity index and well low and high-temperature abilities, which helps to boost its demand in the forecast year.
  • On the basis of application, the global polyalkylene glycol (PAG) base oil 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 it reduces the wear and tears on rotating parts and prevents metal from rubbing against metal, which helps to boost its demand in the forecast year.
  • On the basis of end-use, the global polyalkylene glycol (PAG) base oil 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 helps control friction and wear in the automotive engine, which helps to boost its demand in the forecast year.

 

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Polyalkylene Glycol (PAG) Base Oil Market

Part 04: Global Polyalkylene Glycol (PAG) Base Oil Market Sizing

Part 05: Global Polyalkylene Glycol (PAG) Base Oil Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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