Press release
Pour Point Depressant Market to be Driven by USD 4.66 billion, by Rising Industrialization and Automotive Sector in the Forecast 2022-2029
Pour Point Depressant Market Overview:Pour Point Depressants (PPD) refers to those critical components that stops the formation of large crystal networks from wax fractions in the base oil. Large crystal networks do not allow the flow of lubricant at cold temperatures. As the temperature is further decreased, things start getting unclear to naked eyes.
The global Pour Point Depressant market size was valued at USD 2.30 billion in 2020 and is projected to reach USD 4.66 billion by 2029, growing at a CAGR 5.78% during the forecast period 2022-2029.
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Pour Point Depressant Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Grillo-Werke AG, Korea Gas Corporation, Royal Dutch Shell PLC, Oberon Fuels, Inc., Fuel DME Production Co., Ltd., Mitsubishi Corporation, China Energy Ltd., Akzo Nobel NV, Ltd., and The Chemours Company and Others
Recent Development
In September 2019, Clariant Oil Services launched a breakthrough WAXTREAT SubZero pour point depressant technology for cold climatic regions. The technology will help oil production companies to overcome the challenges associated with the transportation of waxy crude oils.
In November 2021, Evoniik announced Brenntag Bulgaria EOOD as its new distribution partner in Greece.
In November 2019, Evoniik expanded its production capabilities for polyalkylmethacrylate based viscosity modifiers to meet the rapidly rising demand.
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Pour Point Depressant Market Segmentation:
Pour Point Depressant Market by Chemistry, 2022-2029, (USD Million)
Lubricants
Oil & Gas
Pour Point Depressant Market by End User, 2022-2029, (USD Million)
Automotive
Industrial
Marine
Aviation
Others
Growth Factors:
Increasing demand from the Pour Point Depressant industries
The growing use of Pour Point Depressant in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Pour Point Depressant Market
Pour Point Depressant Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Pour Point Depressant Market Trends
- The report identifies, determines, and forecasts the Global Pour Point Depressant Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Pour Point Depressant Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Pour Point Depressant Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Pour Point Depressant Market.
Frequently Asked Questions
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At what rate did the pour point depressants market grow between 2022 and 2029?
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What is the market share of China pour point depressants market?
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