Pour point depressants are used to allow the use of petroleum based mineral oils at lower temperatures. The lowest temperature at which a fuel or oil will pour is called a pour point. Wax crystals, which form at lower temperatures, may interfere with lubrication of mechanical equipment. High-quality pour point depressants can lower a pour point of an oil additive by as much as 40°C.
Market Analysis and Insights: Global Pour Point Depressant Market
Due to the COVID-19 pandemic, the global Pour Point Depressant market size is estimated to be worth US$ 1100.9 million in 2022 and is forecast to a readjusted size of US$ 3110.4 million by 2028 with a CAGR of 18.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Poly Alkyl Methacrylates(PAMA) accounting for % of the Pour Point Depressant global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Lubricant Industry segment is altered to an % CAGR throughout this forecast period.
The pour point depressant end user industries comprises of the lubricant industry which includes automotive, industrial, marine, and aviation industries. Among these industries, automotive is majorly set to drive the growth of the PPD market due to increase use of automobiles in various regions, and second is the oil and gas industry.
Global Pour Point Depressant Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Pour Point Depressant Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Poly Alkyl Methacrylates(PAMA)
Styrene Esters
Ethylene Co-Vinyl-Acetate (EVA)
Poly Alpha Olefin
Others
Segment by Application
Lubricant Industry
Oil & Gas Industry
By Company
Akzo Nobel
Evonik Industries
Chevron
Croda
Innospec
BASF
Clariant
Sanyo Chemical
Messina Chemicals
Infineum International
Afton Chemicals
Lubrizol
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina