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PAG Base Stock Market Share

Report ID: GMI5404
Published Date: Nov 2022
Report Format: PDF

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PAG Base Stock Market Share

The PAG base stock market consists of

The Dow Chemical Company
BASF SE
Clariant AG
Croda International Plc
Idemitsu Kosan Co., Ltd.
PCC Group
Fuchs Group

These companies are undertaking lucrative partnerships to gain a competitive edge in the market. In April 2022, Univar Solutions China Limited, a global chemical and ingredient distributor, extended its collaboration with Dow, a chemical company, for UCON PAG-based synthetic products in China. This move enabled the company to offer its clients access to an extensive portfolio of industrial product components.

Authors: Kunal Ahuja, Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Global market for PAG base stock was valued at over USD 1.5 billion in 2022 and is estimated to record growth at a 7.5% CAGR through 2032 due to soaring climate consciousness among consumers across the globe.

Aerospace segment is projected to expand at over 6% CAGR from 2023 to 2032 owing to the growing use of PAG lubricants in fire-resistant hydraulic fluids in the aerospace sector and the use of these lubricants to protect the interior parts of aircraft turbines against corrosion.

North America PAG base stock market is projected to depict more than 5.5% CAGR between 2023 and 2032 backed by the growing U.S. aerospace industry and shifting inclination toward improved digital and operational efficiency.

The Dow Chemical Company, BASF SE, Clariant AG, Croda International Plc, Idemitsu Kosan Co., Ltd., PCC Group, and Fuchs Group, among others are some prominent enterprises operating in the industry.