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For the Quarter Ending September 2023
North America:
In the third quarter of 2023, Polyalphaolefin (PAO) prices in the North American market demonstrated relative stability, experiencing only minor fluctuations within a narrow price range. Although there was a slight decline in prices during the first and last months of the quarter, the second month saw an increase. This decrease is attributed to factors such as reduced demand from the lubricant sector, a global economic slowdown, and various macroeconomic influences. Additionally, the downstream industry faced its own unique challenges during this period. Notably, in September, the demand for PAO from the automotive sector in the USA market was significantly affected by a strike organized by the United Auto Workers (UAW) union, impacting production for three major market players. Reports from various market participants suggest that the ongoing UAW strike is expected to further diminish the demand for PAO within the USA market. However, in August, PAO prices experienced a marginal increase of 0.9%, driven by the rise in upstream Ethylene values and a market tightness due to increased crude oil futures globally.
APAC:
In the Asian Amorphous PAO market, the third quarter commenced with an initial decline in the first month, followed by a notable increase throughout the quarter. July witnessed a drop in prices due to reduced demand from the lubricant industry and a decrease in the cost of upstream Ethylene in the regional market. However, international supplies were readily available at lower import prices, partly due to the favorable performance of the Chinese Yuan against the US dollar. The resumption of production in China increased product availability, leading market players to make sales with narrow profit margins and gradually regain market momentum, despite high inventory levels. In contrast, prices experienced a substantial increase in August 2023, and this upward trend continued through September. This surge was primarily driven by a tight supply situation within the country, rising upstream crude oil prices, and strong demand from the international market, particularly from India, owing to the robust performance of the downstream automotive sector. In September, labor shortages were observed, with many production units operating at reduced capacity due to mid-autumn holidays in the country. These factors combined to widen the gap between demand and supply, further supporting the price increase. Moreover, data from the National Bureau of Labor and Statistics indicated that the new order index remained relatively stable, with a marginal increase from 50.2 in August 2023 to 50.5 in September 2023, suggesting a consistent level of consumption of goods.
Get Real Time Prices of Polyalphaolefin (PAO): https://www.chemanalyst.com/Pricing-data/polyalphaolefin-pao-1228
Europe:
The European PAO market exhibited an overall positive price trend during the first two months of the third quarter. However, in September 2023, prices experienced a significant decline of 25.7%. The earlier price increase was attributed to a combination of factors. Several market players reported product shortages due to reduced production rates in the German market. Additionally, price hikes were the result of product unavailability and an increased demand for exports to China, alongside a recovery in the automotive sector in the regional market. According to suppliers, the recent price increases in PAO were driven by supply bottlenecks, decreased production rates, and insufficient inventories to meet the growing global and regional market demand. However, during September, the shortage of PAO appeared to be easing, and prices surged to new heights. Nevertheless, according to market sources, prices started to return to their normal values after reaching these elevated levels in early September 2023. The market situation remained stable in terms of demand, with a modest resurgence in demand for PAO observed from the downstream lubricant and automotive industries during the current week. International market demand, however, remained subdued.
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The Global Poly Alpha Olefin (PAO) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments based on applications.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Poly Alpha Olefin (PAO) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/9211-poly-alpha-olefin-pao-market-report The report also covers the complete competitive landscape of the global Poly Alpha Olefin (PAO) market with company profiles of key players such as:ExxonMobil Corp.Chevron Phillips Chemical Company LPINEOS OligomersA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By ApplicationsGear OilEngine OilCompressor OilGreaseOthersBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Poly Alpha Olefin (PAO) Market @ https://www.decisiondatabases.com/contact/download-sample-9211The Global Poly Alpha Olefin (PAO) Market has been exhibited in detail in the following chapters –Chapter 1 Poly Alpha Olefin (PAO) Market PrefaceChapter 2 Executive SummaryChapter 3 Poly Alpha Olefin (PAO) Industry AnalysisChapter 4 Poly Alpha Olefin (PAO) Market Value Chain AnalysisChapter 5 Poly Alpha Olefin (PAO) Market Analysis By ApplicationsChapter 6 Poly Alpha Olefin (PAO) Market Analysis By GeographyChapter 7 Competitive Landscape Of Poly Alpha Olefin (PAO) CompaniesChapter 8 Company Profiles Of Poly Alpha Olefin (PAO) Industry Purchase the complete Global Poly Alpha Olefin (PAO) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-9211Other Reports by DecisionDatabases.com:Global Metallocene Polyolefin Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Alpha Olefins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Chlorinated Polyolefins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Global O-Xylene Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.
Download Free Sample Report of Global O-Xylene Market @ https://www.decisiondatabases.com/contact/download-sample-9710The report also covers the complete competitive landscape of the global O-Xylene market with company profiles of key players such as:China Petroleum & Chemical CorporationExxon Mobil CorporationFlint Hills ResourcesFormosa Chemicals and Fibre CorporationKP Chemical Corp.Nouri Petrochemical CompanyReliance industries Ltd.Royal Dutch Shell PLSK Global Chemical Co. Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By ApplicationPhthalic AnhydrideBactericidesSoybean HerbicidesLube Oil AdditivesOther ApplicationsBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaBrowse the complete Global O-Xylene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/9710-o-xylene-industry-market-reportThe Global O-Xylene Market has been exhibited in detail in the following chapters –Chapter 1 O-Xylene Market PrefaceChapter 2 Executive SummaryChapter 3 O-Xylene Industry AnalysisChapter 4 O-Xylene Market Value Chain AnalysisChapter 5 O-Xylene Market Analysis By ApplicationChapter 6 O-Xylene Market Analysis By GeographyChapter 7 Competitive Landscape Of O-Xylene CompaniesChapter 8 Company Profiles Of O-Xylene Industry Purchase the complete Global O-Xylene Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-9710Other Reports by DecisionDatabases.com:Global Xylene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Paraxylene Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.
Polyalphaolefin (PAO) Market is a type of synthetic base oil which is majorly used in automotive and industrial lubricants.
It is a synthesized hydrocarbon (SHC) that imitates the finest mineral oils hydrocarbon structure.
PAOs are widely used in automotive liquids as well as in gear, hydraulic, and bearing oils, operating in highly cold or warm environments.
In some broad temperature grades, they are also used as base liquids.
They are also used in other application such as compressor oil, engine oil, lubricant, hydraulic fluids and other.
PAO also have good thermal ability, provide tear & wear protection and have good load capacity.polyalphaolefin (PAO) market is set to witness a steady CAGR of 3.45% in the forecast period of 2019- 2026.The report contains data of the base year 2018 and historic year 2017.
Data Bridge Market Research has recently broadcasted a new study to its broad research portfolio, which is titled as “Global Polyalphaolefin (PAO) Market” Research Report 2021 provides an in-depth analysis of the Polyalphaolefin (PAO) with the forecast of market size and growth.
The research study examines the Polyalphaolefin (PAO) on the basis of a number of criteria, such as the product type, application, and its geographical presence.Global Polyalphaolefin (PAO) Market Overview:The report spread across 350 pages is an overview of the Global Polyalphaolefin (PAO) Market Report 2021.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.The Global Polyalphaolefin (PAO) Market will witness a CAGR of 2.82% for the forecast period of 2021-2028.Available Exclusive Sample Copy of this Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-polyalphaolefin-pao-market .As per the market report analysis, Polyalphaolefin (PAO) is a 100% synthetic chemical compound that is used in the production of other synthetic lubricants.
Polyalphaolefin (PAO) is derived by polymerizing an alpha-olefin and can also be used as base liquids in broad temperature grades.
Polyalphaolefin (PAO) are used for a wide range of industrial applications owing to their great wear and tear protective capabilities, good thermal abilities and efficient loading capacity.The major key factors driving the growth of the Global Polyalphaolefin (PAO) Market are increasing awareness about the benefits of polyalphaolefin (PAO), growing use of polyalphaolefin (PAO) for a wide range of end user applications such as lubricant, industrial oil, hydraulic fluids, greases, compressor oil, engine oil, gear oil and others and surge in industrialization especially in the developing countries.
Growth and expansion of automotive especially in the emerging economies like India and China coupled with surge in the urbanization will further carve the way for the growth of the Polyalphaolefin (PAO) Market.The Global Polyalphaolefin (PAO) Market is segmented on the basis of Type, Application and End-User.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the amorphous polyalphaolefin (APAO) market include Evonik Industries, Eastman Chemical Company, REXtac, Liaoyang LiaohuaQida Chemicals, Henkel AG & Company, Bostik, H.B.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Amorphous Polyalphaolefin (APAO) Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/amorphous-polyalphaolefin-apao-market/download-sampleMarket DynamicsDue to the functional properties, APAO is applicable in various sectors, including packaging, personal care, construction, bookbinding, woodworking, electronics, footwear, and automobiles.
The hot-melt adhesives, sealants, and laminates made by using APAO have a high demand in end-use industries.
The global APAO maker is experiencing substantial growth due to increasing applications in end-use industries.
COVID-19 pandemic may have some unfavorable impact on the global market as the global economy faces several challenges due to lockdown conditions.
