Global Pour Point Depressants Market

Pour Point Depressants Market Size, Share, Growth Analysis, By Product(Poly Alkyl Methacrylates, Ethylene Co Vinyl Acetate, Styrene Esters, Poly Alpha Olefin), By End User(Lubricant Industry, Oil & Gas Industry), By Region - Industry Forecast 2024-2031


Report ID: SQSG15A2033 | Region: Global | Published Date: July, 2036
Pages: 157 |Tables: 64 |Figures: 75

Pour Point Depressants Market Insights

Pour Point Depressants Market size was valued at USD 1.91 billion in 2019 and is poised to grow from USD 1.97 billion in 2023 to USD 2.62 billion by 2031, growing at a CAGR of 3.2% in the forecast period (2024-2031).

The global pour point depressant market is expected to develop as a result of the rising use of pour point depressants in the oil and gas sector to enhance pour point and flow characteristics for enhanced durability of crude oil. While evaluating flow qualities at low temperatures, it's necessary to consider the pour point, or the temperature at which a lubricant stop flowing. As a result, it may become the deciding factor when deciding between a group of lubricants with otherwise identical qualities.

Pour point depressants market expansion is projected to be influenced by rising industrialization and rising demand for high-quality fuels and lubricants in the automotive industry. Over 85 million vehicles were sold globally in the automotive industry in 2019, which suggests enormous development potential. Due to their great weather resistance and capacity to prevent the wax formation in lubricants at very low temperatures, these products are becoming more and more popular. Consumer awareness of vehicle maintenance is rising, and the use of fuel additives is expanding across a variety of end markets, including the automotive and aviation industries.

US Pour Point Depressants Market  is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 1.91 billion

Largest Segment

Lubricant Industry

Fastest Growth

Lubricant Industry

Growth Rate

3.2% CAGR

Global Pour Point Depressants Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)

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Pour Point Depressants Market Segmental Analysis

Global pour point depressants market is segmented based on the Product, End User, and region. Based on the Product, the Global Pour Point Depressants Market is segmented as Poly Alkyl Methacrylates, Ethylene Co Vinyl Acetate, Styrene Esters, Poly Alpha Olefin, and Others. Based On End User, the Global Pour Point Depressants Market is segmented as Lubricant Industry, Oil & Gas Industry. Based on Region Pour Point Depressants Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Pour Point Depressants Market Analysis by Product

Based on the Product, the Poly alkyl methacrylate segment accounts largest market share, furthermore by 2025, the size of the global poly alkyl methacrylates (PAMA) PPD market may increase by more than 3.5%. Due to their exceptional stability under significant weather variations and adaptability in overcoming obstacles to increase low-temperature performance, these co-polymers are widely employed as additives in a variety of industries, including aviation, industrial, and automotive. It lowers the pour point of oils and lubricants, increasing their ability to flow, and is produced on a big scale in industry because it maintains a steady viscosity across a wide temperature range and aids in keeping the oil flowing in cold weather. The market for pour point depressants will be stimulated by rising demand for energy-efficient materials in the transportation sector as well as significant expansion in the automotive industry.

Pour Point Depressants Market Analysis by End User

Global pour point depressants market has been segmented on the basis of End User as Lubricant Industry, Oil & Gas Industry. The global pour point depressants market has been divided into lubricants and oil & gas based on end-use industries. Between the two, the lubricants segment has the largest revenue share in 2022 and is anticipated to increase significantly over the next five years. This can be attributed to the world's oil export industry's expansion, fast industrialization, and rising automobile sales.

Pour point depressants are frequently used to improve the flow characteristics of lubricants, particularly in cold climates. Pour point depressants are added to eliminate wax buildup and hence aid in obstruction prevention.

Future demand for automobiles is expected to be immense due to the world's population growth and increased consumer spending power. This will give the growth an uphold and enhancement.

Global Pour Point Depressants Market By End-User, 2021 (%), 2023 (%)

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Pour Point Depressants Market Regional Insights

The pour point depressants market in North America is anticipated to grow significantly by 2026 as a result of the region's strong economic growth and the growing presence of important automobile production hubs in the region. These additives boost fuel economy, which enhances a vehicle's overall performance. The region's expanding technological development has enabled automakers to improve product innovation for pour point depressants, which is anticipated to increase demand for automotive lubricant additives there. The industry is expanding as a result of this. In addition, increasing oil extraction and development operations are anticipated to fuel an increase in demand for crude oil derivatives including gasoline and diesel.

Germany, the United Kingdom, France, Italy, and Spain may collectively account for around 3% of the projected growth in Europe's pour point depressant market demand. Consumer preferences are shifting toward air travel as the need for fast and efficient time-saving modes of transportation increases. The market demand in the sector will be boosted by increasing product utilization as jet fuel additives to prevent the production of ice crystals in aircraft engines at higher altitudes. It is anticipated that the usage of the chemical as a jet fuel additive to stop the production of ice crystals in aircraft engines at higher altitudes will further accelerate market growth in Europe.

Global Pour Point Depressants Market By Geography, 2021 - 2028, 2024-2031
  • Largest
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Pour Point Depressants Market Dynamics

Pour Point Depressants Market Driver

  • The demand for the product will be driven by rising oil extraction and production operations because of the rising demand for crude oil derivatives like gasoline and diesel. Pour point depressants are expected to be widely used in oil and gas production machinery because of their capacity to pump oil efficiently without significantly altering the finished product, which will increase demand for the product.
  • Over the past few years, the automotive sector has seen a considerable increase in the market need for Pour Point Depressant. This is characterized by the rise in PPD demand for the production of lubricants needed for cars. Furthermore, the market for pour point depressants is expected to be driven by the expansion of automotive production in a number of nations, including Brazil, Thailand, India, and Indonesia.

Pour Point Depressants Market Restraint

  • Key market restraint for the global pour point depressants market is the growing demand for hybrid and electric vehicles. The rise in the use of electric and hybrid vehicles is resulted due to their low carbon emissions, low cost, and higher efficiency.
  • The growth of the global market for pour point depressants is restrained by the rising expense of high-quality fuels and lubricants in developed nations.

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Pour Point Depressants Market Competitive Landscape

Global pour point depressants market is partially consolidated. A few prominent competitors dominate a significant amount of the partially consolidated global pour point depressants market. Afton Chemical, Evonik Industries AG, The Lubrizol Corporation, Clariant, and Croda International Plc are a few of the well-known companies.

Pour Point Depressants Market Top Company Profiles

  • Evonik industries
  • Clariant Chemicals
  • BASF SE
  • The Lubrizol Corporation
  • Chevron Corporation
  • Huntsman Corporation
  • Innospec Inc.
  • Afton Chemical Corporation
  • Infineum International Ltd.
  • Nalco Champion
  • Dow Inc.
  • Croda International Plc
  • Sanyo Chemical Industries, Ltd.
  • Oronite
  • Chevron Phillips Chemical Company LP
  • Baker Hughes Company
  • W. R. Grace & Co.
  • Dorf Ketal Chemicals India Private Limited
  • Sinopec Corp.
  • King Industries, Inc.

Pour Point Depressants Market Recent Developments

  • In May 2022, Infineum launches a single oil solution for MAN B&W two-stroke engines. This followed a successful field test of 2,500 running hours on Very-Low Sulphur Fuel Oil (VLSFO) operations, which was conducted in collaboration with MAN ES. As part of performance validation tests, Infineum has also completed a field test of 1,500 running hours on distillate fuel (DMA).
  • In June 2022, Chevron Corporation, one of the world’s leading integrated energy companies completed its previously announced acquisition of Renewable Energy Group, Inc.

Pour Point Depressants Key Market Trends

  • Rising demand for quality fuels and lubricants: A increase in demand for the product is projected as a result of rising consumer knowledge of vehicle maintenance and rising oil additive demand in end-user sectors like aerospace & automotive.
  • Additionally, expanding industrialization and the demand for high-quality fuels and lubricants are predicted to increase the market for pour point depressants.
  • The product's low manufacturing costs will also help to accelerate the market's expansion.
  • Pour point depressants have qualities that allow them to withstand high temperatures and, at lower temperatures, limit wax formation in lubricants. The best operation of engines and machinery depends on a lubricant's ability to flow at low temperatures. The product is therefore in high demand and has expanding potential from end-user industries.

Pour Point Depressants Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Pour Point Depressants Market Analysis, in terms of product, The PPD market for poly alkyl methacrylates (PAMA) may grow by more than 3.5%. Due to their exceptional stability under significant weather variations and adaptability in overcoming obstacles to increase low temperature performance, these co-polymers are widely employed as additives in a variety of industries, including aviation, industrial, and automotive.

Report Metric Details
Market size value in 2023 USD 1.91 billion
Market size value in 2031 USD 2.62 billion
Growth Rate 3.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Poly Alkyl Methacrylates, Ethylene Co Vinyl Acetate, Styrene Esters, Poly Alpha Olefin, Others
  • End User
    • Lubricant Industry, Oil & Gas Industry
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Evonik industries
  • Clariant Chemicals
  • BASF SE
  • The Lubrizol Corporation
  • Chevron Corporation
  • Huntsman Corporation
  • Innospec Inc.
  • Afton Chemical Corporation
  • Infineum International Ltd.
  • Nalco Champion
  • Dow Inc.
  • Croda International Plc
  • Sanyo Chemical Industries, Ltd.
  • Oronite
  • Chevron Phillips Chemical Company LP
  • Baker Hughes Company
  • W. R. Grace & Co.
  • Dorf Ketal Chemicals India Private Limited
  • Sinopec Corp.
  • King Industries, Inc.
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Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Pour Point Depressants Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Pour Point Depressants Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Pour Point Depressants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pour Point Depressants Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pour Point Depressants Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Pour Point Depressants Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Pour Point Depressants Market size was valued at USD 1.91 billion in 2019 and is poised to grow from USD 1.97 billion in 2023 to USD 2.62 billion by 2031, growing at a CAGR of 3.2% in the forecast period (2024-2031).

pour point depressants market is partially consolidated. A few prominent competitors dominate a significant amount of the partially consolidated pour point depressants market. Afton Chemical, Evonik Industries AG, The Lubrizol Corporation, Clariant, and Croda International Plc are a few of the well-known companies. 'Evonik industries', 'Clariant Chemicals', 'BASF SE', 'The Lubrizol Corporation', 'Chevron Corporation', 'Huntsman Corporation', 'Innospec Inc.', 'Afton Chemical Corporation', 'Infineum International Ltd.', 'Nalco Champion', 'Dow Inc.', 'Croda International Plc', 'Sanyo Chemical Industries, Ltd.', 'Oronite', 'Chevron Phillips Chemical Company LP', 'Baker Hughes Company', 'W. R. Grace & Co.', 'Dorf Ketal Chemicals India Private Limited', 'Sinopec Corp.', 'King Industries, Inc.'

The demand for the product will be driven by rising oil extraction and production operations because of the rising demand for crude oil derivatives like gasoline and diesel. Pour point depressants are expected to be widely used in oil and gas production machinery because of their capacity to pump oil efficiently without significantly altering the finished product, which will increase demand for the product.

Rising demand for quality fuels and lubricants: A increase in demand for the product is projected as a result of rising consumer knowledge of vehicle maintenance and rising oil additive demand in end-user sectors like aerospace & automotive.

The pour point depressants market in North America is anticipated to grow significantly by 2026 as a result of the region's strong economic growth and the growing presence of important automobile production hubs in the region. These additives boost fuel economy, which enhances a vehicle's overall performance. The region's expanding technological development has enabled automakers to improve product innovation for pour point depressants, which is anticipated to increase demand for automotive lubricant additives there. The industry is expanding as a result of this. In addition, increasing oil extraction and development operations are anticipated to fuel an increase in demand for crude oil derivatives including gasoline and diesel.

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Global Pour Point Depressants Market

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