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What's Driving The Pour Point Depressants Market Size? | Chevron Phillips Chemical Company, Clariant, Evonik, The Lubrizol Corporation, INEOS, Thermax Limited, Afton Chemical, BASF, Berryman Chemical Inc

06-17-2019 06:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Pour Point Depressants Market

Pour Point Depressants Market

Pour point depressants market size, in recent times, has registered a direct impetus through the expansion of oil and gas sector – tagged as one of the leading consumers of PPDs. Governments worldwide, specifically the Trump government, have been wholeheartedly lending support to the expansion of the oil and gas industry and have been working to speed up its progress.

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Increasing technological advancements along with growing sales of passenger and heavy duty vehicles is likely to stimulate pour point depressants market growth. Rising consumer focus on high performance, efficient fuel additives has made consumers choose products which reduce wax precipitation in oil, thereby driving market demand.

Growth drivers
1 North America: Growth in automotive industry
2 Europe: Rising consumer inclination towards air travel
3 Asia Pacific: Rising urbanization and increasing demand for crude oil derivatives

Application in diesel fuels and heating oils:
Chemical characteristics of diesel fuels and heating oil are as such that they contain lower molecular weight paraffins which can demonstrate different cold flow properties. For instance, diesel cuts sourced from Gas to Liquid or Coal to Liquid procedures have higher pour points when compared to crude distillation sourced diesel.
Local requirements and pipeline specifications also sometimes make PPDs inevitable for diesel fuels. In this context, pour point depressants market players often work to develop tailored PPDs that will also serve to augment pour point depressant market size further.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Chevron Phillips Chemical Company
2. Clariant
3. SANAM Corporation, a Subsidiary of Sanyo Chemical Industries, Lt
4. Evonik
5. The Lubrizol Corporation
7. Thermax Limited
8. Afton Chemical
10. BASF
11. Dew Speciality Chemicals (P) Ltd
12. Lehmann&Voss&Co. KG
13. Berryman Chemical Inc

These products are widely used as fuel additives in marine and oil & gas industries as they prohibit the formation & deposition of wax crystals in oil and offer stable performance even at low temperature conditions. Rising demand for temperature resistant and shear stable products in industries should stimulate product demand in the pour point depressants market.

U.S. poly alkyl methacrylates pour point depressant growth may witness over 3% gains during the forecast period. Rising economic growth along with increasing online sales of automotive products to enhance performance efficiency will drive pour point depressants market. Growing urbanization has resulted in increased distance between work and leisure facilities which has escalated the production of passenger vehicles and public transport vehicles. These products are capable of providing exceptional fuel efficiency, enhance the overall performance of automotive which has shifted consumer focus on usage of high quality fuel additives, thereby driving domestic product demand.

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Germany EVA pour point depressants market size is expected to surpass USD 10 million up to 2025. Rising consumer inclination towards air transport pertaining to its time saving ability has made air transportation cheaper and open to more consumers. Pour point depressant are added to jet fuel to prevent wax formation which could reduce oil flow in the system and enhance fuel lubricity along with preventing serious disasters caused by aviation fuel freezing which is poised to stimulate product demand.

China styrene esters pour point depressant market demand from oil extraction applications is expected to witness gains at above 4% by the end of forecast period. Rising production & exploration activities in the country requires technologically advanced drilling equipment to achieve optimum oil recovery. PPD based products are utilized in oil extraction process owing to their capability to withdraw oil below its normal pour point. These products prevent wax deposition without having harmful consequences on the quality of finished product. This has influenced major oil & gas players to include wax formation inhibitors in various oil & gas drilling equipment thereby increasing pour point depressants market growth.

Chevron Phillips Chemicals, Clariant AG, and Lehmann & Voss & Co. KG are the major industrial participants in the market. Companies are focusing to expand their business by strategic collaborations with focus on R&D to enhance the product portfolio.

Browse key industry insights spread across 490 pages with 1023 market data tables and 24 figures & charts from the report, “Pour Point Depressants Market” in detail along with the table of contents:

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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