Mercado europeo de aceite base de polialquilenglicol (PAG): tendencias de la industria y pronóstico hasta 2029

Análisis y tamaño del mercado de aceite base de polialquilenglicol (PAG) en Europa

El aceite PAG o polialquilenglicol es un aceite higroscópico completamente sintético destinado específicamente a los compresores de aire acondicionado de los automóviles. Se utilizan ampliamente como aceite para compresores. El aceite PAG soluble en agua y el aceite PAG insoluble en agua son dos de los productos comunes del PAG. Además del aceite para compresores, también se utilizan ampliamente en aplicaciones como lubricante para engranajes desgastados , fluido hidráulico anhidro resistente al fuego, fluido para trabajar metales y otros.

Los aceites PAG tienen un alto índice de viscosidad, buena solubilidad en agua, estabilidad al cizallamiento y menor volatilidad a altas temperaturas. Más tarde, los aceites base de polialquilenglicol (PAG) comenzaron a usarse ampliamente como lubricantes textiles y como agentes de extinción en el tratamiento térmico de metales. Data Bridge Market Research analiza que se espera que el mercado europeo de aceites base de polialquilenglicol (PAG) alcance los USD 1.672.566,10 mil para el año 2029, con una CAGR del 3,2% durante el período de pronóstico. "Convencional (insoluble en agua)" representa el segmento de productos más destacado en el mercado respectivo, debido a la demanda de PAG en la industria automotriz. El informe de mercado curado por el equipo de Data Bridge Market Research incluye un análisis profundo de expertos, análisis de importación/exportación, análisis de precios, análisis de consumo de producción y escenario de la cadena climática.

Definición de mercado

Polyalkylene glycol (PAG) base oils are classified by their weight percent composition of oxypropylene versus oxyethylene units in the polymer chain. Polyalkylene glycol (PAG) base oils with 100 weight percent oxypropylene groups are water insoluble; whereas those with 50 to 75 weight percent oxyethylene are water soluble at ambient temperatures. Polyalkylene glycol (PAG) base oils have long been used as industrial lubricants, and recent work has led to the development of polyalkylene glycol (PAG) lubricants for use in equipment in the food processing industry. These products are known as food-grade approved lubricants.

COVID-19 had a Minimal Impact on Europe Polyalkylene Glycol (PAG) Base Oil Market

COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, a significant impact was noticed on the Europe polyalkylene glycol (PAG) base oil market. The operations and supply chain of polyalkylene glycol (PAG) base oil, with multiple manufacturing facilities, were still operating in the region. The service providers continued offering polyalkylene glycol (PAG) base oil following sanitation and safety measures in the post-COVID scenario.

The Market Dynamics of the Europe Polyalkylene Glycol (PAG) Base Oil Market Include:

• Significant Demand for PAG in the Automotive Industry

The Europe polyalkylene glycol (PAG) base oil market is likely to flourish in the future on account of increasing growth in the automobile industry. Extensive and increasing use of vehicles and the need for high-performance lubricants from the automotive industry are expected to boost the growth of the Europe polyalkylene glycol (PAG) base oil market.

• Rising Technological Advancements and Modernization in Production Techniques

Recent and fast-evolving changes and advancements in equipment technology have resulted in more demanding lubricant conditions and requirements, which are beyond the capabilities of mineral oil-based lubricants. More technological advancements are being considered in producing polyalkylene glycol (PAG) based engine oils as a step forward for significant fuel consumption reduction. This is expected to drive the growth of the Europe polyalkylene glycol (PAG) base oil market.

• Considerable Increase in Construction Activities and Infrastructural Development Across the Globe

PAG base oils are being used in the infrastructure and construction of those buildings or places where fire resistance or environmental acceptability is required. Increasing consumer spending power accompanied by government initiatives towards boosting the public infrastructure is likely to drive the construction industry in the future, which will further help the PAG-based oil market growth.

• Growing Use in Food-Grade Products

The use of lubricants in food production and processing is widely common. Over time, the regulations and requirements for lubricants in food machinery and industry have evolved to include various product technology. Thus, the growing use of PAG oils in food-grade products is expected to propel the Europe polyalkylene glycol (PAG) base oil market in the forecast period.

• Increasing Use of Bio-Degradable PAG Oils

Biodegradable oils have increased in popularity in recent years, but these oils can also have up to 50% of a petroleum oil base. The increase in biodegradable polyalkylene glycol base oil and the approval of its biodegradability by EPA is expected to act as an opportunity for the Europe polyalkylene glycol (PAG) base oil market.

• Growing Research and Development Activities

Polyalkylene glycol oils are one of the first synthetic lubricants developed and commercialized. Polyalkylene glycol (PAG) oils are classified by their weight percent composition of oxypropylene versus oxyethylene units in the polymer chain. Increased research and development activities have created novel applications for polyalkylene glycol (PAG) base oil, which is expected to provide growth opportunities for the market.

Restraints/Challenges faced by the Europe Polyalkylene Glycol (PAG) Base Oil Market

• Rise in Cost of Synthetic Fibers

Textile fiber production is one industry that benefits from using polyalkylene glycol (PAG) oils. These oils do not stain or discolor fibers and are easily removed during the scouring process. PAG oils are the lubricant of choice for many high-speed, high-temperature fiber processes requiring shear stability. In addition, they are often used as lubricants in textile manufacturing equipment as extreme pressure gear oils. Thus, the increasing price of synthetic fiber affects the textile industry and the Europe polyalkylene glycol (PAG) oil base market as they are interconnected.

• High Cost Compared to Conventional Mineral Oils

Base oils comprise 30-40% of the total cost of the finished lubricants. Therefore, it becomes very important for the manufacturers to choose the right base oil type for their finished products. The high price of polyalkylene glycol-based lubricants is the primary challenging factor for the market. This affects the price of synthetic base oils, including PAGs, and forces manufacturers to set the price higher than other conventional mineral oils, which may challenge the market growth tremendously.

The countries covered in the report are Germany, U.K., France, Netherlands, Italy, Spain, Belgium, Russia, Turkey, Switzerland, and the Rest of Europe.

Germany is expected to dominate the market due to the rising technological advancements and modernization in production techniques in the region. More technological advancements are being considered in producing polyalkylene glycol (PAG) based engine oils as a step forward for significant fuel consumption reduction. This is expected to drive the growth of the Europe polyalkylene glycol (PAG) base oil market.

This Europe polyalkylene glycol (PAG) base oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rodenticides market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In December 2021, Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc (Shell), has acquired Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States. This acquisition will bring goodwill to the company
• In July 2021, DENSO CORPORATION launched its new online media website, "The COREs." This development will help Denso Corporation attract and serve more customers through its online channel.

Europe Polyalkylene Glycol (PAG) Base Oil Market Scope

Europe polyalkylene glycol (PAG) base oil market is segmented on the basis of product, application, and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Conventional (Water Insoluble)
• Water-Soluble

On the basis of product, the Europe polyalkylene glycol (PAG) base oil market is segmented into conventional (water insoluble) and water-soluble. The conventional (water soluble) segment is expected to dominate the market as they have a very high viscosity index and low and high-temperature abilities, which helps boost its demand in the forecast year.

Application

• Hydraulic Oil
• Gear Oil
• Compressor Oil
• Metal Working Fluids
• Greases
• Others

On the basis of application, the Europe polyalkylene glycol (PAG) base oil market is segmented into hydraulic oil, gear oil, compressor oil, metal working fluids, greases, and others. The compressor oil segment is expected to dominate the market as it reduces the wear and tear on rotating parts and prevents metal from rubbing against metal, which helps boost its demand in the forecast year.

End-Use

• Automotive
• Aerospace
• Marine
• Tooling & Industrial Equipment
• Climatización y refrigeración
• Otros

En función del uso final, el mercado europeo de aceite base de polialquilenglicol (PAG) se segmenta en los sectores de automoción, aeroespacial, marítimo, de herramientas y equipos industriales, HVAC y refrigeración, entre otros. Se espera que el segmento de automoción domine el mercado, ya que el aceite PAG ayuda a controlar la fricción y el desgaste en el motor de los automóviles, lo que ayuda a impulsar su demanda en el año previsto.

Análisis del panorama competitivo y de la cuota de mercado del aceite base de polialquilenglicol (PAG) en Europa

El panorama competitivo del mercado de aceite base de polialquilenglicol (PAG) en Europa proporciona detalles por competidor. Los detalles incluidos son una descripción general de la empresa, las finanzas de la empresa, los ingresos generados, el potencial de mercado, la inversión en investigación y desarrollo, las nuevas iniciativas de mercado, la presencia en Europa, los sitios e instalaciones de producción, las capacidades de producción, las fortalezas y debilidades de la empresa, el lanzamiento de productos, la amplitud y variedad de productos, y el dominio de las aplicaciones. Los puntos de datos anteriores solo están relacionados con el enfoque de las empresas en el mercado de aceite base de polialquilenglicol (PAG) en Europa.

Algunos de los principales actores que operan en el mercado europeo de aceite base de polialquilenglicol (PAG) son TotalEnergies, Phillips 66 Company, Exxon Mobil Corporation, Royal Dutch Shell plc, Denso Corporation, BASF SE, Eni Oil Products, Chevron Corporation, FUCHS, Croda International Plc, FUCHS, Hornett Bros & Co Ltd., PETRONAS Lubricants International, LIQUI MOLY GmbH, Morris Lubricants, Ultrachem Inc., Idemitsu Kosan Co., Ltd., entre otros.

Metodología de investigación: mercado europeo de aceite base de polialquilenglicol (PAG)

La recopilación de datos y el análisis del año base se realizan mediante módulos de recopilación de datos con muestras de gran tamaño. Los datos del mercado se analizan y estiman mediante modelos estadísticos y coherentes de mercado. Además, el análisis de la participación de mercado y el análisis de tendencias clave son los principales factores de éxito en el informe de mercado. Para obtener más información, solicite una llamada de un analista o envíenos su consulta.

La metodología de investigación clave utilizada por el equipo de investigación de DBMR es la triangulación de datos, que implica la extracción de datos, el análisis del impacto de las variables de datos en el mercado y la validación primaria (por parte de expertos de la industria). Además de esto, los modelos de datos incluyen una cuadrícula de posicionamiento de proveedores, un análisis de la línea de tiempo del mercado, una descripción general y una guía del mercado, un análisis de expertos, un análisis de importación y exportación, un análisis de precios, un análisis de producción y consumo, un escenario de la cadena climática, una cuadrícula de posicionamiento de la empresa, un análisis de la participación de mercado de la empresa, estándares de medición, Europa frente a la región y un análisis de la participación de los proveedores. Para saber más sobre la metodología de investigación, envíe una consulta para hablar con nuestros expertos de la industria.

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