According to a market report by Lucintel, the future of the pour point depressant market looks promising with opportunities in the lubricant, automotive, industrial, marine, aviation, and oil & gas industries. The pour point depressant market is expected to grow with a CAGR of 33% from 2019 to 2024. The major growth drivers for this market are high growth in developing nations, growing demand from end use industries, and lower cost of production.
In this market, crankcase engine oils, automotive and power transmission fluids, automotive gear oils, tractor fluids, hydraulic fluids, and circulating oils are the major product type of pour point depressant market. Automotive gear oil is the largest product type.
Within the pour point depressant market, lubricant, automotive, industrial, marine, aviation, and oil & gas are the major end use industries. The lubricant industry is the largest end use segment for pour point depressants.
The lubricant industry (polyalkylmethacrylates and styrene esters) and the oil & gas industry (ethylene-co-vinyl-acetate, polyalpha olefin and polyalkylmethacrylates are the major chemistry type segments of the pour point depressant market.
APAC will remain the largest market over the forecast period because the application of PPDs is gaining momentum in the lubricant, automotive, and oil and gas industries.
AkzoNobel, Evonik Industries, Chevron Corporation, Croda International PLC., Innospec, BASF SE, Clariant Chemicals, Sanyo Chemical Industries, Ltd., Messina Chemicals, Infineum International Ltd., Afton Chemicals Corporation, and Lubrizol Corporation are among the major manufacturers of pour point depressants.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the pour point depressant market by product type, chemistry type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Pour Point Depressant Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the pour point depressant market by chemistry type, product type, end use industry, and region as follows:
By Chemistry Type [$M shipment analysis for 2019 – 2024]:
• Lubricant industry
-Polyalkylmethacrylates
-Styrene ester
• Oil and Gas Industry
-Ethylene-co-vinyl-acetate
-Polyalpha Olefin
-Polyalkylmethacrylates
By Product Type [$M shipment analysis for 2019 – 2024]:
• Crankcase Engine Oils
• Automotive and Power Transmission Fluids
• Automotive Gear Oils
• Tractor Fluids
• Hydraulic Fluids
• Circulating Oils
By End Use Industry [$M shipment analysis for 2019 – 2024]:
• Lubricant Industry
• Marine
• Aviation
• Automotive
• Oil and Gas Industry
By Region [$M shipment analysis for 2019 – 2024]:
• North America
− United States
− Canada
− Mexico
• Europe
− Germany
− France
− UK
• Asia Pacific
− China
− Japan
− South Korea
− India
− Taiwan
• Rest of the World
More than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the pour point depressant market by chemistry type (lubricant industry [polyalkylmethacrylates and styrene ester] and the oil and gas industry [ethylene-co-vinyl-acetate, polyalphaolefin, and polyalkylmethacrylates]), product type (crankcase engine oil, automotive and power transmission fluid, automotive gear oil, tractor fluid, hydraulic fluid, and circulating oils, end use industry (lubricant industry, marine, aviation, automotive, and oil and gas), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the pour point depressant market?
Q.5 What are the business risks and threats to the pour point depressant market?
Q.6 What are emerging trends in the pour point depressant market and the reasons behind them?
Q.7 What are some changing demands of customers in the pour point depressant market?
Q.8 What are the new developments in the pour point depressant market? Which companies are leading these developments?
Q.9 Who are the major players in the pour point depressant market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the pour point depressant area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the pour point depressant market?