Global Pour Point Depressant Market Size, Share, Growth, Trends and Forecast 2025

"The Report Pour Point Depressant Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

Pour point is the minimum temperature at which a fluid becomes semisolid and ceases to flow. Diesel fuel is prone to waxing or gelling in cold weather. This leads to the development of solid wax particles in the fuel. At low temperature, the wax tends to separate, thereby trapping considerable amount of oil, preventing oil flow, and hindering lubrication. Large quantity of paraffin is used to increase the pour point in crude oil. Majority of the wax is removed during the base oil refining process; however, high-molecular weight compounds are essential to attain the preferred target viscosity. The pour point depressants are added to diesel fuel, in order to offer efficient functionality to mineral oils at low temperatures.

The pour point depressant market is driven by the growth in automotive and lubricant industries, low production cost, and expansion in economy in developing countries. The global pour point depressant market is expected to expand significantly in the near future. The automobile industry is driven by the rise in demand for automobiles in growing economies such as China and India. This, in turn, is boosting the requirement of finished lubricants, thereby increasing the demand for pour point depressant. Rapid industrialization has also augmented the demand for pour point depressant in various end-use industries.

The uncertainty around the global manufacturing industry is significantly affecting developing and the developed regions. Manufacturing production growth has been weak in recent years in industrialized and developing and emerging industrial economies. Brexit and the presidential election in the U.S. have led to economic uncertainty, resulting in weak manufacturing growth. The chemical industry depends significantly on the automotive industry. Consequently, the chemical industry is likely to witness contraction. This, in turn, is estimated to adversely affect the pour point depressant market during the forecast period.

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The pour point depressant market can be segmented based on chemistry, end-user industry, and region. In terms of chemistry, the market can be segmented into oil & gas industry and lubricants industry. The oil & gas industry segment can be further divided into poly alkyl methacrylates (PAMA), ethylene co-vinyl-acetate (EVA), and poly alpha olefin (PAO). The lubricants industry segment can be further divided into styrene esters, PAMA, and others. Based on end-user industry, the market can be segmented into automotive, marine, lubricant, chemical, industrial, aviation, and oil & gas. The oil & gas industry segment can be segregated into exploration, production, and refining.

In terms of geography, the pour point depressant market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of volume, Asia Pacific is likely to dominate the global pour point depressant market during the forecast period, owing to the presence of growing economics such as China, India, and Indonesia in the region. These countries exhibit an increasing demand for pour point depressants. In terms of consumption, Asia Pacific led the global pour point depressant market in 2016, followed by North America and Europe. Furthermore, the market in Asia Pacific is projected to expand at a significant pace during the forecast period. China is likely to dominate the market in the region, owing to the vast growth in its economy, increase in population, rise in industrialization, and expansion in the automotive industry. The market in Europe and North America is estimated to expand at a high pace, while that in Middle East & Africa and Latin America is anticipated to expand at moderate pace during the forecast period.

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Key players operating in the global pour point depressant market include Clariant Chemicals, Afton Chemical Corp., Evonik Industries, Croda International PLC, Royal Dutch Shell plc, Dow Chemical, BASF SE, Messina Chemicals, Cummins Filtration, The Lubrizol Corporation, Innospec Inc., Chevron Oronite Company, Infineum International Ltd., Alexandria Company for Petroleum Additives (ACPA ), Huntsman Corporation, Sanyo Chemicals Industries Limited, and Akzonobel.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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