GCC Amorphous Polyalphaolefin Market Outlook

market outlook for gcc’s amorphous polyalphaolefin (apao) market over the 2018-2032 period is largely positive. this is predominantly the result of the rise of unconventional gas resources in the region leading to increased production, resulting in increased local demand for apao. additionally, the drive for industrial diversification and lower dependence on oil and gas resources is further stimulating regional demand for apao in multiple sectors such as magnet wire coatings, engine oils, adhesives, solar films, and more. growth in this market will come from downstream sectors utilizing apao as performance enhancers and oil lubrication in various downstream industries, most notably automotive and machine construction industry. with the primary focus of gcc countries shifting towards sustainable development and building infrastructures for the young population, civil construction and infrastructure development projects have received increased governmental expenditure, which has increased the need for fuel efficient products. in this regard, apao is increasingly used as fuel and lubrication saving solutions under challenges of sustainability. in addition, apao fuels possess better adhesive properties and thermal cyclability, making them suitable for coating cables and other sensitive machinery parts. their high molecular weight and hardness makes them desirable coatings for electrical materials. moreover, being fire retardant and environmentally friendly, apao is increasingly become the go-to solution for various fire resistant industrial applications such as insulation, loudspeakers, furniture, etc. the government policies to provide incentives for manufacturing and production of apao, via organizations such as kaust, have resulted in increased investments from leading international players in the industry. this has further increased the market's exportability, since apao-based products are in high demand internationally due to their sustainability and fire retardant properties. in conclusion, gcc’s amorphous polyalphaolefin (apao) market outlook is expected to remain positive over the 2018-2032 period as a result of the increased production of unconventional gas resources, ongoing government initiatives and incentives, and rising international demand for apao-based products.