Press release
Global Pour Point Depressant Market to hit $935 million by 2025
The pour point depressant market is poised to rise from USD 685 million in 2018 to around USD 935 million by 2025, according to a 2019 Global Market Insights, Inc. report. Increasing technological advancements along with growing sales of passenger and heavy-duty vehicles is likely to stimulate the 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.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 depressant market.
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Poly alpha olefins PPD market demand may observe gains at over 4% by 2025. Poly alpha olefins offer high oxidative & thermal stability, are non-toxic and provide wear & tear protection which are major key drivers of the pour point depressant market. These are extensively used in hydraulic fluids and automotive additives pertaining to their stability in extremely cold climate conditions. Increasing demand for high viscosity index additives to prevent formation of deposits shall boost the market demand.
EVA pour point depressant market size from lubricant industry exceeded USD 70 million in 2018 owing to the increasing importance of maintenance of vehicles for optimum performance. Various lubricant additives are added to base oil to increase the fuel efficiency and provide optimized oil flow behavior in extreme cold climates. These products contain pour point depressant & viscosity modifier which improve low temperature mobility and offer smooth transportation of oil which is predicted to boost industry growth.
U.S. poly alkyl methacrylates pour point depressant market 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 the 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.
https://www.gminsights.com/industry-analysis/pour-point-depressants-market
Germany EVA pour point depressant 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 the market growth.
Chevron Phillips Chemicals, Clariant AG, and Lehmann & Voss & Co. KG are the major industrial participants in the pour point depressant market. Companies are focusing to expand their business by strategic collaborations with focus on R&D to enhance the product portfolio.
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Global Market Insights, Inc.
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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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