Poly Alpha Olefin Market Key Players, Cost Structure Analysis and Downstream Buyers till 2028
The global Poly Alpha Olefin (PAO) Market size is estimated to reach $6185 million by 2028, growing at a CAGR of 8.27% over the forecast period. Rapid surge in poly alpha olefin industry is credited to the robust growth automotive industry in North America and Asia pacific region. The key factor responsible for the robust market growth is rising consciousness among industry players with the use of the PAO (poly alpha olefin) fluids for the maintenance purposes, this allows in enhancing operational time and improves efficiency of industrial processes. Globally, poly alpha olefin market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of poly alpha olefin (PAO) fluids.
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