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Pour Point Depressant Market Overall Size, Key Manufactures, Industry Analysis, Market Segmentation and Opportunities Outlook to 2023
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It is used in a variety of streams and applications, including transport of crudes, middle distillates, heavy oils, waxy components, biodiesel, and others to overcome oil treatment challenges.
On the basis of end user, the pour point depressant market is categorized into the lubricant, and oil and gas industries. The lubricant industry was the larger segment with more than 55.0% share in the global market in 2016 in terms of revenue. PPD is used in various types of lubricants including crankcase engine oils, automotive and power transmission fluids, automotive gear oils, tractor fluids, hydraulic fluids, and circulating oils.
Asia-Pacific held the largest share of the global pour point depressant market during the historical period. The application of PPDs is gaining momentum in the lubricant, automotive, and oil and gas industries. The formation of ASEAN Economic Community will act as a positive catalyst for ASEAN’s lubricant market, as it had proposed the removal of tariffs on vehicles, which will create a direct impact on the demand of vehicles.
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Some of the major players operating in the pour point depressant industry are Afton Chemical Corporation, Chevron Corporation, Croda International Plc., The Lubrizol Corporation, Sanyo Chemical Industries Ltd., Innospec Inc., Clariant AG, Messina Incorporated, Akzo Nobel N.V., and Evonik Industries AG.
POUR POINT DEPRESSANT SEGMENTATION
By End User
Lubricant industry
By chemistry
Poly alkyl methacrylate (PAMA)
Styrene esters
Others
By application
Automotive
Industrial
Aviation
Marine
By geography
Asia-Pacific PPD market for lubricant industry
By chemistry
By application
By country- China, India, Japan, and Rest of Asia-Pacific
Europe PPD market for lubricant industry
By chemistry
By application
By country- Russia, Germany, U.K., France, Italy, Spain, and Rest of Europe
North America PPD market for lubricant industry
By chemistry
By application
By country- U.S. and Canada
Latin America PPD market for lubricant industry
By chemistry
By application
By country- Brazil, Mexico, and Rest of Latin America
Middle East and Africa (MEA) PPD market for lubricant industry
By chemistry
By application
By country- South Africa, Saudi Arabia, and Rest of MEA
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