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Global PAG-Based Lubricants Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global PAG-Based Lubricants Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 PAG 46
    • 1.3.3 PAG 68
    • 1.3.4 PAG 100
    • 1.3.5 PAG 150
    • 1.3.6 Others
  • 1.4 Market Analysis by Water Interaction
    • 1.4.1 Overview: Global PAG-Based Lubricants Consumption Value by Water Interaction: 2021 Versus 2025 Versus 2032
    • 1.4.2 Water-Soluble
    • 1.4.3 Water-Insensitive
  • 1.5 Market Analysis by End-use
    • 1.5.1 Overview: Global PAG-Based Lubricants Consumption Value by End-use: 2021 Versus 2025 Versus 2032
    • 1.5.2 Compressor Oils
    • 1.5.3 Gear Oils
    • 1.5.4 Others
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global PAG-Based Lubricants Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Industrial
    • 1.6.3 Automotive
    • 1.6.4 Others
  • 1.7 Global PAG-Based Lubricants Market Size & Forecast
    • 1.7.1 Global PAG-Based Lubricants Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global PAG-Based Lubricants Sales Quantity (2021-2032)
    • 1.7.3 Global PAG-Based Lubricants Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Exxon Mobil
    • 2.1.1 Exxon Mobil Details
    • 2.1.2 Exxon Mobil Major Business
    • 2.1.3 Exxon Mobil PAG-Based Lubricants Product and Services
    • 2.1.4 Exxon Mobil PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Exxon Mobil Recent Developments/Updates
  • 2.2 DuPont
    • 2.2.1 DuPont Details
    • 2.2.2 DuPont Major Business
    • 2.2.3 DuPont PAG-Based Lubricants Product and Services
    • 2.2.4 DuPont PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 DuPont Recent Developments/Updates
  • 2.3 Dow
    • 2.3.1 Dow Details
    • 2.3.2 Dow Major Business
    • 2.3.3 Dow PAG-Based Lubricants Product and Services
    • 2.3.4 Dow PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Dow Recent Developments/Updates
  • 2.4 Idemitsu Group
    • 2.4.1 Idemitsu Group Details
    • 2.4.2 Idemitsu Group Major Business
    • 2.4.3 Idemitsu Group PAG-Based Lubricants Product and Services
    • 2.4.4 Idemitsu Group PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Idemitsu Group Recent Developments/Updates
  • 2.5 BASF
    • 2.5.1 BASF Details
    • 2.5.2 BASF Major Business
    • 2.5.3 BASF PAG-Based Lubricants Product and Services
    • 2.5.4 BASF PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 BASF Recent Developments/Updates
  • 2.6 FUCHS
    • 2.6.1 FUCHS Details
    • 2.6.2 FUCHS Major Business
    • 2.6.3 FUCHS PAG-Based Lubricants Product and Services
    • 2.6.4 FUCHS PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 FUCHS Recent Developments/Updates
  • 2.7 Shrieve
    • 2.7.1 Shrieve Details
    • 2.7.2 Shrieve Major Business
    • 2.7.3 Shrieve PAG-Based Lubricants Product and Services
    • 2.7.4 Shrieve PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Shrieve Recent Developments/Updates
  • 2.8 Shell
    • 2.8.1 Shell Details
    • 2.8.2 Shell Major Business
    • 2.8.3 Shell PAG-Based Lubricants Product and Services
    • 2.8.4 Shell PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Shell Recent Developments/Updates
  • 2.9 Petronas
    • 2.9.1 Petronas Details
    • 2.9.2 Petronas Major Business
    • 2.9.3 Petronas PAG-Based Lubricants Product and Services
    • 2.9.4 Petronas PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Petronas Recent Developments/Updates
  • 2.10 Phillips 66 Lubricants
    • 2.10.1 Phillips 66 Lubricants Details
    • 2.10.2 Phillips 66 Lubricants Major Business
    • 2.10.3 Phillips 66 Lubricants PAG-Based Lubricants Product and Services
    • 2.10.4 Phillips 66 Lubricants PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Phillips 66 Lubricants Recent Developments/Updates
  • 2.11 TecLub
    • 2.11.1 TecLub Details
    • 2.11.2 TecLub Major Business
    • 2.11.3 TecLub PAG-Based Lubricants Product and Services
    • 2.11.4 TecLub PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 TecLub Recent Developments/Updates
  • 2.12 Chevron
    • 2.12.1 Chevron Details
    • 2.12.2 Chevron Major Business
    • 2.12.3 Chevron PAG-Based Lubricants Product and Services
    • 2.12.4 Chevron PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Chevron Recent Developments/Updates
  • 2.13 Sanyo Chemical
    • 2.13.1 Sanyo Chemical Details
    • 2.13.2 Sanyo Chemical Major Business
    • 2.13.3 Sanyo Chemical PAG-Based Lubricants Product and Services
    • 2.13.4 Sanyo Chemical PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Sanyo Chemical Recent Developments/Updates
  • 2.14 Triboscience & Engineering
    • 2.14.1 Triboscience & Engineering Details
    • 2.14.2 Triboscience & Engineering Major Business
    • 2.14.3 Triboscience & Engineering PAG-Based Lubricants Product and Services
    • 2.14.4 Triboscience & Engineering PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Triboscience & Engineering Recent Developments/Updates
  • 2.15 Petro-Canada Lubricants
    • 2.15.1 Petro-Canada Lubricants Details
    • 2.15.2 Petro-Canada Lubricants Major Business
    • 2.15.3 Petro-Canada Lubricants PAG-Based Lubricants Product and Services
    • 2.15.4 Petro-Canada Lubricants PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 Petro-Canada Lubricants Recent Developments/Updates
  • 2.16 CITGO Lubricants
    • 2.16.1 CITGO Lubricants Details
    • 2.16.2 CITGO Lubricants Major Business
    • 2.16.3 CITGO Lubricants PAG-Based Lubricants Product and Services
    • 2.16.4 CITGO Lubricants PAG-Based Lubricants Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 CITGO Lubricants Recent Developments/Updates

3 Competitive Environment: PAG-Based Lubricants by Manufacturer

  • 3.1 Global PAG-Based Lubricants Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global PAG-Based Lubricants Revenue by Manufacturer (2021-2026)
  • 3.3 Global PAG-Based Lubricants Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of PAG-Based Lubricants by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 PAG-Based Lubricants Manufacturer Market Share in 2025
    • 3.4.3 Top 6 PAG-Based Lubricants Manufacturer Market Share in 2025
  • 3.5 PAG-Based Lubricants Market: Overall Company Footprint Analysis
    • 3.5.1 PAG-Based Lubricants Market: Region Footprint
    • 3.5.2 PAG-Based Lubricants Market: Company Product Type Footprint
    • 3.5.3 PAG-Based Lubricants Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global PAG-Based Lubricants Market Size by Region
    • 4.1.1 Global PAG-Based Lubricants Sales Quantity by Region (2021-2032)
    • 4.1.2 Global PAG-Based Lubricants Consumption Value by Region (2021-2032)
    • 4.1.3 Global PAG-Based Lubricants Average Price by Region (2021-2032)
  • 4.2 North America PAG-Based Lubricants Consumption Value (2021-2032)
  • 4.3 Europe PAG-Based Lubricants Consumption Value (2021-2032)
  • 4.4 Asia-Pacific PAG-Based Lubricants Consumption Value (2021-2032)
  • 4.5 South America PAG-Based Lubricants Consumption Value (2021-2032)
  • 4.6 Middle East & Africa PAG-Based Lubricants Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global PAG-Based Lubricants Sales Quantity by Type (2021-2032)
  • 5.2 Global PAG-Based Lubricants Consumption Value by Type (2021-2032)
  • 5.3 Global PAG-Based Lubricants Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global PAG-Based Lubricants Sales Quantity by Application (2021-2032)
  • 6.2 Global PAG-Based Lubricants Consumption Value by Application (2021-2032)
  • 6.3 Global PAG-Based Lubricants Average Price by Application (2021-2032)

7 North America

  • 7.1 North America PAG-Based Lubricants Sales Quantity by Type (2021-2032)
  • 7.2 North America PAG-Based Lubricants Sales Quantity by Application (2021-2032)
  • 7.3 North America PAG-Based Lubricants Market Size by Country
    • 7.3.1 North America PAG-Based Lubricants Sales Quantity by Country (2021-2032)
    • 7.3.2 North America PAG-Based Lubricants Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe PAG-Based Lubricants Sales Quantity by Type (2021-2032)
  • 8.2 Europe PAG-Based Lubricants Sales Quantity by Application (2021-2032)
  • 8.3 Europe PAG-Based Lubricants Market Size by Country
    • 8.3.1 Europe PAG-Based Lubricants Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe PAG-Based Lubricants Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific PAG-Based Lubricants Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific PAG-Based Lubricants Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific PAG-Based Lubricants Market Size by Region
    • 9.3.1 Asia-Pacific PAG-Based Lubricants Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific PAG-Based Lubricants Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America PAG-Based Lubricants Sales Quantity by Type (2021-2032)
  • 10.2 South America PAG-Based Lubricants Sales Quantity by Application (2021-2032)
  • 10.3 South America PAG-Based Lubricants Market Size by Country
    • 10.3.1 South America PAG-Based Lubricants Sales Quantity by Country (2021-2032)
    • 10.3.2 South America PAG-Based Lubricants Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa PAG-Based Lubricants Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa PAG-Based Lubricants Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa PAG-Based Lubricants Market Size by Country
    • 11.3.1 Middle East & Africa PAG-Based Lubricants Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa PAG-Based Lubricants Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 PAG-Based Lubricants Market Drivers
  • 12.2 PAG-Based Lubricants Market Restraints
  • 12.3 PAG-Based Lubricants Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of PAG-Based Lubricants and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of PAG-Based Lubricants
  • 13.3 PAG-Based Lubricants Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 PAG-Based Lubricants Typical Distributors
  • 14.3 PAG-Based Lubricants Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global PAG-Based Lubricants market size was valued at US$ 2642 million in 2025 and is forecast to a readjusted size of US$ 3621 million by 2032 with a CAGR of 4.5% during review period.
    PAG-Based Lubricants are high-performance synthetic lubricants formulated with polyalkylene glycol (PAG) base oils and functional additive packages such as antioxidants, anti-wear agents, corrosion inhibitors, and defoamers. They offer a high viscosity index, excellent low-temperature fluidity, strong thermo-oxidative stability, and favorable compatibility in systems involving refrigerants, gases, and compression media, and are widely used in automotive and industrial HVAC/heat-pump compressors, refrigeration and cold-chain equipment, industrial gear and hydraulic systems, and selected high-temperature or high-cleanliness applications. Upstream raw materials primarily include EO/PO monomers, initiators and catalyst systems, additive packages, and packaging materials, while downstream customers consist of automotive OEMs and component suppliers (including EV thermal-management chains), compressor and refrigeration OEMs, industrial equipment manufacturers, lubricant brand owners and formulators, and large industrial MRO buyers. Based on major PAG base-oil supply capacity and industry operating rates, global effective capacity for PAG-based lubricants in 2025 is estimated at approximately 480 kt per year, with actual shipments of about 399 kt, an average ex-works price of roughly USD 6,430 per ton, and an industry gross margin of around 30%–40%. Ongoing growth is supported by increasing EV and heat-pump adoption, higher efficiency and reliability requirements in industrial equipment, and the evolution of refrigeration systems toward higher performance and stricter operating standards.
    This report is a detailed and comprehensive analysis for global PAG-Based Lubricants market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global PAG-Based Lubricants market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
    Global PAG-Based Lubricants market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
    Global PAG-Based Lubricants market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
    Global PAG-Based Lubricants market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2021-2026
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for PAG-Based Lubricants
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global PAG-Based Lubricants market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Exxon Mobil, DuPont, Dow, Idemitsu Group, BASF, FUCHS, Shrieve, Shell, Petronas, Phillips 66 Lubricants, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    PAG-Based Lubricants market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    PAG 46
    PAG 68
    PAG 100
    PAG 150
    Others
    Market segment by Water Interaction
    Water-Soluble
    Water-Insensitive
    Market segment by End-use
    Compressor Oils
    Gear Oils
    Others
    Market segment by Application
    Industrial
    Automotive
    Others
    Major players covered
    Exxon Mobil
    DuPont
    Dow
    Idemitsu Group
    BASF
    FUCHS
    Shrieve
    Shell
    Petronas
    Phillips 66 Lubricants
    TecLub
    Chevron
    Sanyo Chemical
    Triboscience & Engineering
    Petro-Canada Lubricants
    CITGO Lubricants
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe PAG-Based Lubricants product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of PAG-Based Lubricants, with price, sales quantity, revenue, and global market share of PAG-Based Lubricants from 2021 to 2026.
    Chapter 3, the PAG-Based Lubricants competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the PAG-Based Lubricants breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and PAG-Based Lubricants market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of PAG-Based Lubricants.
    Chapter 14 and 15, to describe PAG-Based Lubricants sales channel, distributors, customers, research findings and conclusion.

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