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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

Product ID: SQSG15A2033