The pour point
of a fuel can be termed as the lowermost temperature at which it is likely to decant when it gets cooled under a definite situation. Generally, the pour point directs about the quantity of wax present in the oil. The wax separates at low temperatures catching a considerable quantity of oil, which is likely to hinder the oil flow as well as hampering lubrication. Pour point depressants are crucial constituents that avoid the formation of large crystal networks of wax fractions in the base oil which constrains lubricant flow at cold temperatures. Moreover, these materials depress the pour point of oil.
Pour point depressants are generally used to reduce viscosity or improve rheology as well as lower the temperature. They are polymers that are specifically used to control wax crystal formation in lubricants, which gradually result in the reduction of pour point along with better low temperature flow performance. Major factor which is all set to fuel the growth of depressant market is the ever increasing automotive industry owing to the great use of pour point depressants in automotive applications such as gear oils, engine oils, hydraulic fluids, driveline fluids and brake oils. Major types of pour point depressants commercially available are polyalkylmethacrylates, styrene maleic anhydride copolymers, styrene esters, poly alpha olefins and more. The report also focuses on different geographic regions and the key countries in terms of changing trends in pour point depressants market in various fields.
The global market for pour point depressants
is estimated to be $XX billion in 2015. It is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. The pour point depressant market is anticipated to have the highest growth of X% during the forecast period 2016-2021. North America and Asia-Pacific alone are estimated to occupy a share of more than XX% during 2016-2021.
The end user industry is the major driver for the pour point depressants market to grow. Point depressants find their applications in various segments like marine, lubricants, aviation, oil & gas and more. Americas dominated the global pour point depressants market. The industrial development in this region is all set to drive the demand of pour point depressants. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers. Moreover, booming petrochemical industry will directly impact the demand of the pour point depressants over the foreseeable period.
APAC followed by Americas is the leading market for pour point depressant with China leading the charge. APAC region is forecast to have highest growth in the next few years owing to the increasing adoption of PPD’s in industrial applications. Asia pour point depressant market accounts to xx% of the global market and is the fastest growing market followed by Americas. In Americas, Oil & Gas industry as well as chemical industry is the major end users.
The global pour point depressant market is evaluated based on key attributes such as types, application and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global pour point depressant market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.The key players profiled in this report are :
- INEOS Capital limited
- EXXON mobile chemical limited
- Shell Corporation
- Conoco Inc.
- The Linde Group and more.
This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).