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According to Latest Research, the global market for Polyalkylene Glycol Base Oil should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.
China Polyalkylene Glycol Base Oil market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.
The United States Polyalkylene Glycol Base Oil market should grow from US$ million in 2023 to US$ million by 2030, with a CAGR of % for the period of 2024-2030.
In terms of type, Water-insoluble segment holds a share about % in 2023 and will reach % in 2030; while in terms of application, Automobile has a share approximately % in 2023 and will grow at a CAGR % during 2023 and 2030.
The global key manufacturers of Polyalkylene Glycol Base Oil include Croda International, Denso Corporation, ENI Oil Products, Fuchs Petrolub, HANNONG Chemicals, Petronas Lubricants International, Royal Dutch Shell and Total Energies, etc. In 2023, the global top five players hold a share approximately % in terms of revenue.
This report aims to provide a comprehensive study of the global market for Polyalkylene Glycol Base Oil. Report Highlights:
(1) Global Polyalkylene Glycol Base Oil market size (sales volume & revenue), history data from 2019-2023 and forecast data from 2023 to 2030.
(2) Global Polyalkylene Glycol Base Oil market competitive situation, sales, revenue, price and market share, from 2019 to 2023.
(3) China Polyalkylene Glycol Base Oil market competitive situation, sales, revenue, price and market share, from 2019 to 2023.
(4) Global Polyalkylene Glycol Base Oil segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.
(5) Global Polyalkylene Glycol Base Oil segment by type and by application and regional segment by type and by application.
(6) Global major production regions of Polyalkylene Glycol Base Oil, capacity, production and trends.
(7) Polyalkylene Glycol Base Oil industry supply chain, upstream, midstream and downstream analysis.
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Market segment by type, covers
Water-insoluble
Water-soluble
Market segment by application, can be divided into
Automobile
Aerospace
Others
Market segment by players, this report covers
Croda International
Denso Corporation
ENI Oil Products
Fuchs Petrolub
HANNONG Chemicals
Petronas Lubricants International
Royal Dutch Shell
Total Energies
- 1.1 Research Objective
- 1.2 Scope of the Study
- 1.3 Definition
- 1.4 Assumptions & Limitations
Chapter 2: Executive Summary
- 2.1 Market Snapshot
Chapter 3: Market Dynamics Analysis and Trends
- 3.1 Market Dynamics
- 3.1.1 Market Growth Drivers
- 3.1.2 Market Restraints
- 3.1.3 Available Market Opportunities
- 3.1.4 Influencing Trends
Chapter 4: Market Factor Analysis
- 4.1 Porter’s Five Forces Analysis
- 4.2 Bargaining power of suppliers
- 4.3 Bargaining power of buyers
- 4.4 Threat of substitute
- 4.5 Threat of new entrants
- 4.6 Porter's Five Forces Analysis
- 4.7 Value Chain Analysis
- 4.8 Market Impact Analysis
- 4.9 Regional Impact
- 4.10 Pricing Analysis
- 4.11 Import-Export Analysis
Chapter 5: Competitive Landscape
- 5.1 Company Market Share/Positioning Analysis
- 5.2 Key Strategies Adopted by Players
- 5.3 Vendor Landscape
- 5.3.1 List of Suppliers
- 5.3.2 List of Buyers
Chapter 6: Polyalkylene Glycol Base Oil Market Company Profiles
- 6.1 Competitive Landscape
- 6.1.1 Competitive Benchmarking
- 6.1.2 Polyalkylene Glycol Base Oil Market Share by Manufacturer (2023)
- 6.1.3 Industry BCG Matrix
- 6.1.4 Heat Map Analysis
- 6.1.5 Mergers and Acquisitions
- 6.2 Industrial lubricant firms, Automotive suppliers.
- 6.2.1 Company Overview
- 6.2.2 Product/ Services Offerings
- 6.2.3 SWOT Analysis
- 6.2.4 Financial Performance
- 6.2.5 KEY Strategies
- 6.2.6 Key Strategic Moves and Recent Initiatives
Chapter 7: Polyalkylene Glycol Base Oil Market, By Type
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Water-soluble PAG, Oil-soluble PAG, Hybrid formulations
- 7.2.1 Key market trends, factors driving growth, and opportunities
- 7.2.2 Market Size Estimates and Forecasts to 2032, by region
- 7.2.3 Market analysis by country
Chapter 8: Polyalkylene Glycol Base Oil Market, By Application
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 Compressors, Gear systems, Hydraulic systems
- 8.2.1 Key market trends, factors driving growth, and opportunities
- 8.2.2 Market Size Estimates and Forecasts to 2032, by region
- 8.2.3 Market analysis by country
Chapter 9: Analyst Viewpoint and Conclusion
- 9.1 Recommendations and Concluding Analysis
- 9.2 Potential Market Strategies
Chapter 10: RESEARCH METHODOLOGY
- 10.1 Overview
- 10.2 Data Mining
- 10.3 Secondary Research
- 10.4 Primary Research
- 10.4.1 Primary Interviews and Information Gathering Process
- 10.4.2 Breakdown of Primary Respondents
- 10.5 Forecasting Model
- 10.6 Market Size Estimation
- 10.6.1 Bottom-Up Approach
- 10.6.2 Top-Down Approach
- 10.7 Data Triangulation
- 10.8 Validation
Table 1. Polyalkylene Glycol Base Oil Market Size & CAGR: China VS Global, 2019-2030, US$ Million
Table 2. Polyalkylene Glycol Base Oil Market Restraints
Table 3. Polyalkylene Glycol Base Oil Market Trends
Table 4. Polyalkylene Glycol Base Oil Industry Policy
Table 5. Global Polyalkylene Glycol Base Oil Revenue by Company, 2019-2023, US$ million
Table 6. Global Polyalkylene Glycol Base Oil Revenue Market Share by Company, 2019-2023
Table 7. Global Polyalkylene Glycol Base Oil Sales Volume by Company, 2019-2023, (Tons)
Table 8. Global Polyalkylene Glycol Base Oil Sales Volume Market Share by Company, 2019-2023
Table 9. Global Polyalkylene Glycol Base Oil Price by Company, 2019-2023, (US$/Ton)
Table 10. Global Polyalkylene Glycol Base Oil Manufacturers Market Concentration Ratio (CR3 and HHI)
Table 11. Global Polyalkylene Glycol Base Oil Mergers & Acquisitions, Expansion Plans
Table 12. Global Polyalkylene Glycol Base Oil Manufacturers Product Type
Table 13. China Polyalkylene Glycol Base Oil Revenue by Company, 2019-2023, US$ million
Table 14. China Polyalkylene Glycol Base Oil Revenue Market Share by Company, 2019-2023
Table 15. China Polyalkylene Glycol Base Oil Sales Volume by Company, 2019-2023, (Tons)
Table 16. China Polyalkylene Glycol Base Oil Sales Volume Market Share by Company, 2019-2023
Table 17. China Market, Polyalkylene Glycol Base Oil Production, Sales, Import and Export, 2019-2030, (Tons)
Table 18. China Polyalkylene Glycol Base Oil Import & Export Trends
Table 19. Main Sources of China Polyalkylene Glycol Base Oil Import
Table 20. Export Destination of China Polyalkylene Glycol Base Oil
Table 21. Global Headquarters and Manufacturing Base of Polyalkylene Glycol Base Oil Manufacturers
Table 22. Global Major Manufacturers, Polyalkylene Glycol Base Oil Capacity Expansion and Future Plans
Table 23. Global Polyalkylene Glycol Base Oil Production & Forecast by Region, 2019 VS 2023 VS 2030, (Tons)
Table 24. Global Polyalkylene Glycol Base Oil Production by Region, 2019-2023, (Tons)
Table 25. Global Polyalkylene Glycol Base Oil Production Forecast by Region, 2024-2030, (Tons)
Table 26. Global Key Players of Polyalkylene Glycol Base Oil Upstream (Raw Materials)
Table 27. Global Polyalkylene Glycol Base Oil Typical Customers
Table 28. Polyalkylene Glycol Base Oil Typical Distributors
Table 29. By Type, Global Polyalkylene Glycol Base Oil Revenue & CAGR, 2019 VS 2023 VS 2030, US$ Million
Table 30. By Application, Global Polyalkylene Glycol Base Oil Revenue & CAGR, 2019 VS 2023 VS 2030, US$ Million
Table 31. By Region, Global Polyalkylene Glycol Base Oil Market Size, 2019 VS 2023 VS 2030, US$ Million
Table 32. By Region, Global Polyalkylene Glycol Base Oil Revenue, 2019-2030, US$ Million
Table 33. By Region, Global Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Table 34. By Country, Global Polyalkylene Glycol Base Oil Revenue & CAGR,2019 VS 2023 VS 2030, US$ Million
Table 35. By Country, Global Polyalkylene Glycol Base Oil Revenue, 2019-2030, US$ Million
Table 36. By Country, Global Polyalkylene Glycol Base Oil Revenue Market Share, 2019-2030
Table 37. By Country, Global Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Table 38. By Country, Global Polyalkylene Glycol Base Oil Sales Volume Market Share, 2019-2030
Table 39. Croda International Company Information, Head Office, Market Area and Industry Position
Table 40. Croda International Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 41. Croda International Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 42. Croda International Company Profile and Main Business
Table 43. Croda International Recent Developments
Table 44. Denso Corporation Company Information, Head Office, Market Area and Industry Position
Table 45. Denso Corporation Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 46. Denso Corporation Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 47. Denso Corporation Company Profile and Main Business
Table 48. Denso Corporation Recent Developments
Table 49. ENI Oil Products Company Information, Head Office, Market Area and Industry Position
Table 50. ENI Oil Products Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 51. ENI Oil Products Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 52. ENI Oil Products Company Profile and Main Business
Table 53. ENI Oil Products Recent Developments
Table 54. Fuchs Petrolub Company Information, Head Office, Market Area and Industry Position
Table 55. Fuchs Petrolub Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 56. Fuchs Petrolub Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 57. Fuchs Petrolub Company Profile and Main Business
Table 58. Fuchs Petrolub Recent Developments
Table 59. HANNONG Chemicals Company Information, Head Office, Market Area and Industry Position
Table 60. HANNONG Chemicals Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 61. HANNONG Chemicals Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 62. HANNONG Chemicals Company Profile and Main Business
Table 63. HANNONG Chemicals Recent Developments
Table 64. Petronas Lubricants International Company Information, Head Office, Market Area and Industry Position
Table 65. Petronas Lubricants International Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 66. Petronas Lubricants International Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 67. Petronas Lubricants International Company Profile and Main Business
Table 68. Petronas Lubricants International Recent Developments
Table 69. Royal Dutch Shell Company Information, Head Office, Market Area and Industry Position
Table 70. Royal Dutch Shell Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 71. Royal Dutch Shell Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 72. Royal Dutch Shell Company Profile and Main Business
Table 73. Royal Dutch Shell Recent Developments
Table 74. Total Energies Company Information, Head Office, Market Area and Industry Position
Table 75. Total Energies Polyalkylene Glycol Base Oil Models, Specifications and Application
Table 76. Total Energies Polyalkylene Glycol Base Oil Sales Volume (Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin, 2019-2023
Table 77. Total Energies Company Profile and Main Business
Table 78. Total Energies Recent Developments
List of Figure
Figure 1. Polyalkylene Glycol Base Oil Picture
Figure 2. By Revenue, Global Polyalkylene Glycol Base Oil Market Size and Forecast, 2019-2030, US$ Million
Figure 3. By Sales Volume, Global Polyalkylene Glycol Base Oil Market Size and Forecast, 2019-2030, (Tons)
Figure 4. Global Polyalkylene Glycol Base Oil Price Trend, 2019-2030, (US$/Ton)
Figure 5. By Revenue, China Polyalkylene Glycol Base Oil Market Size and Forecast, 2019-2030, US$ million
Figure 6. By Sales Volume, China Polyalkylene Glycol Base Oil Market Size and Forecast, 2019-2030, (Tons)
Figure 7. China Polyalkylene Glycol Base Oil Price Trend, 2019-2030 (US$/Ton)
Figure 8. By Revenue, China Polyalkylene Glycol Base Oil Share of Global Market, 2019-2030
Figure 9. By Sales Volume, China Polyalkylene Glycol Base Oil Share of Global Market, 2019-2030
Figure 10. Global Polyalkylene Glycol Base Oil Key Participants, Market Share, 2021 VS 2023 VS 2023
Figure 11. Global Polyalkylene Glycol Base Oil Market Share by Company, (Tier 1, Tier 2 and Tier 3), 2023
Figure 12. China Polyalkylene Glycol Base Oil Key Participants, Market Share, 2021 VS 2023 VS 2023
Figure 13. China Polyalkylene Glycol Base Oil Key Participants, Market Share, 2021 VS 2023 VS 2023
Figure 14. China Polyalkylene Glycol Base Oil Revenue, Domestic VS Import Products, Proportion of China Local Players and Foreign Players, 2019-2023
Figure 15. Chinese Local Players, Proportion of Polyalkylene Glycol Base Oil Domestic VS Export, 2023
Figure 16. Global Polyalkylene Glycol Base Oil Capacity, Production and Capacity Utilization, 2019-2030
Figure 17. Global Polyalkylene Glycol Base Oil Capacity Market Share by Region, 2023 VS 2030
Figure 18. Global Polyalkylene Glycol Base Oil Production Market Share & Forecast by Region, 2019-2030
Figure 19. Polyalkylene Glycol Base Oil Industry Chain
Figure 20. Polyalkylene Glycol Base Oil Procurement Model
Figure 21. Polyalkylene Glycol Base Oil Sales Model
Figure 22. Polyalkylene Glycol Base Oil Sales Channels, Direct Sales and Distribution
Figure 23. Water-insoluble
Figure 24. Water-soluble
Figure 25. By Type, Global Polyalkylene Glycol Base Oil Revenue, 2019-2030, US$ Million
Figure 26. By Type, Global Polyalkylene Glycol Base Oil Revenue Market Share, 2019-2030
Figure 27. By Type, Global Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 28. By Type, Global Polyalkylene Glycol Base Oil Sales Volume Market Share, 2019-2030
Figure 29. By Type, Global Polyalkylene Glycol Base Oil Price, 2019-2030, (US$/Ton)
Figure 30. Automobile
Figure 31. Aerospace
Figure 32. Others
Figure 33. By Application, Global Polyalkylene Glycol Base Oil Revenue, 2019-2030, US$ Million
Figure 34. By Application, Global Polyalkylene Glycol Base Oil Revenue Market Share, 2019-2030
Figure 35. By Application, Global Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 36. By Application, Global Polyalkylene Glycol Base Oil Sales Volume Market Share, 2019-2030
Figure 37. By Application, Global Polyalkylene Glycol Base Oil Price, 2019-2030, (US$/Ton)
Figure 38. By Region, Global Polyalkylene Glycol Base Oil Revenue Market Share, 2019-2030
Figure 39. By Region, Global Polyalkylene Glycol Base Oil Sales Volume Market Share, 2019-2030
Figure 40. North America Polyalkylene Glycol Base Oil Revenue & Forecasts, 2019-2030, US$ Million
Figure 41. By Country, North America Polyalkylene Glycol Base Oil Revenue Market Share, 2023
Figure 42. Europe Polyalkylene Glycol Base Oil Revenue & Forecasts, 2019-2030, US$ Million
Figure 43. By Country, Europe Polyalkylene Glycol Base Oil Revenue Market Share, 2023
Figure 44. Asia Pacific Polyalkylene Glycol Base Oil Revenue & Forecasts, 2019-2030, US$ Million
Figure 45. By Country/Region, Asia Pacific Polyalkylene Glycol Base Oil Revenue Market Share, 2023
Figure 46. South America Polyalkylene Glycol Base Oil Revenue & Forecasts, 2019-2030, US$ Million
Figure 47. By Country, South America Polyalkylene Glycol Base Oil Revenue Market Share, 2023
Figure 48. Middle East & Africa Polyalkylene Glycol Base Oil Revenue & Forecasts, 2019-2030, US$ Million
Figure 49. U.S. Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 50. By Company, U.S. Polyalkylene Glycol Base Oil Market Share, 2023
Figure 51. By Type, U.S. Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 52. By Application, U.S. Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 53. Europe Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 54. By Company, Europe Polyalkylene Glycol Base Oil Market Share, 2023
Figure 55. By Type, Europe Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 56. By Application, Europe Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 57. China Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 58. By Company, China Polyalkylene Glycol Base Oil Market Share, 2023
Figure 59. By Type, China Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 60. By Application, China Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 61. Japan Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 62. By Company, Japan Polyalkylene Glycol Base Oil Market Share, 2023
Figure 63. By Type, Japan Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 64. By Application, Japan Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 65. South Korea Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 66. By Company, South Korea Polyalkylene Glycol Base Oil Market Share, 2023
Figure 67. By Type, South Korea Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 68. By Application, South Korea Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 69. Southeast Asia Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 70. By Company, Southeast Asia Polyalkylene Glycol Base Oil Market Share, 2023
Figure 71. By Type, Southeast Asia Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 72. By Application, Southeast Asia Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 73. India Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 74. By Company, India Polyalkylene Glycol Base Oil Market Share, 2023
Figure 75. By Type, India Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 76. By Application, India Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 77. Middle East & Asia Polyalkylene Glycol Base Oil Sales Volume, 2019-2030, (Tons)
Figure 78. By Company, Middle East & Asia Polyalkylene Glycol Base Oil Market Share, 2023
Figure 79. By Type, Middle East & Asia Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 80. By Application, Middle East & Asia Polyalkylene Glycol Base Oil Sales Volume Market Share, 2023 VS 2030
Figure 81. Research Methodology
Figure 82. Breakdown of Primary Interviews
Figure 83. Bottom-up Approaches
Figure 84. Top-down Approaches
Research Methodology:
Polyalkylene Glycol Base Oil Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Qualitative Analysis |
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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Total Market |
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