Pour Point Depressants Market Size, Share, Trends, Growth & Forecast 2028

Pour Point Depressants Market: Industry Perspective

The Global Pour Point Depressants Market, which was estimated at about 1,692 (USD Million) in 2019 and is predicted to accrue earnings worth 2,145 (USD Million) by 2025, is set to record a CAGR of nearly over 3.5% during 2019-2025. The report offers valuation and analysis of the Pour Point Depressants market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).

Pour Point Depressants Market: Overview

Pour point depressants help in the utilization of petroleum-based mineral oils at reduced temperatures. The lowest temperature at which oil or fuel is poured is termed as pour point. Furthermore, high-quality pour point depressants have the ability to reduce the oil additive pour point by nearly forty degrees. Pour point depressants do not minimize the temperature at the point of wax crystal formation. However, they work by changing the shape as well as the size of these wax crystals that hinder the growth of the lateral crystal. Furthermore, the products are utilized for minimizing the viscosity as well as enhancing rheology along with minimizing temperatures.

Pour Point Depressants Market: Growth Drivers

The burgeoning use of high-quality lubricants & fuels in the automotive sector coupled with growing industrialization is anticipated to steer the expansion of the pour point depressants industry in the ensuing years. Apart from this, the surge in vehicle production in Indonesia, Brazil, India, and Thailand will drive the Pour Point Depressants industry over the forecast timeline. Additionally, the refining of crude oil is anticipated to generate lucrative growth avenues for the business over the forecast period.

Request Free SampleMoreover, escalating demand for high-quality lubricants & fuels will embellish the expansion of the pour point depressants market in the years to come. Outstanding weather resistance and the need for regulating wax formation in lubricants at reduced temperatures will produce new horizons of growth for the Pour Point Depressants industry over the assessment timeline.

North American Pour Point Depressants Market Growth To Hit Peak By 2025

The expansion of the Pour Point Depressants industry in the North American sub-continent over the assessment timeline is owing to large fiscal growth along with the rising presence of automotive manufacturing players in the sub-continent. With these products guaranteeing exceptional fuel efficacy coupled with improved vehicle performance, the market for Pour Point Depressants is gaining traction in recent years. Apart from this, technological breakthroughs have encouraged product innovation, thereby creating large-scale demand for lubricant additives in the automotive industry in the countries such as the U.S. and Canada.

Key participants profiled in the study are Sanyo Chemical Industries Ltd., The Egyptian Mud Engineering & Chemicals Company (EMEC), Clariant AG, Dew Speciality Chemical Pvt. Ltd., Chevron Phillips Chemicals, Lehmann & Voss & Co. KG, Evonik Industries AG, Thermax Limited, INEOS Capital Limited, The Lubrizol Corporation, Afton Chemical, BASF, and Berryman Chemical Inc.

Global Pour Point Depressants Market Report Scope:

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The global pour point depressants market is segmented as follows:

By Chemistry:

• Poly alkyl methacrylates (PAMA)
• Ethylene co-vinyl-acetate (EVA)
• Styrene esters
• Phthalic acid esters
• Poly alpha olefin
• Others

By Method:

• Co-crystallization
• Surface adsorption

By application:

• Lubricant Industry
  • Marine
  • Industrial
  • Automotive
  • Aviation
• Oil & Gas Industry
  • Production
  • Exploration
  • Refining

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa