Future Market Insights has announced the addition of the “Pour Point Depressants Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 08/02/2016 -- Pour Point Depressants (PPD) are polymers which lowers the temperature to suppress the precipitation of hydrocarbons present in oil. Pour Point Depressants are also known as paraffin inhibitors. Pour point depressants interlocks the waxy materials or paraffin by co-crystallization and modify the shape of crystals to increase the fluidity of oil or fluid. Good quality pour point depressants lowers the pour point up to 400C. However, polymethacrylates and alkylaromatic polymers lower the pour point up to 10-200C. The addition of pour point depressants improve the performance of fluid. Pour point depressants are used widely in oil and gas industry so as to enhance the flow characteristics, which helps in easy handling, transportation and storage of crude oil. Automotive industry is expected to contribute a major share in the global pour point depressants market. Moreover, revenue from the sales of pour point depressants across the globe is expected to increase at a moderate CAGR over the forecast period.
Pour Point Depressants Market: Drivers and Restraints
The competitive edge of pour point depressants over other alternatives with properties such as enhancing the fuel lubricity, reduced viscosity, and performance enhancement of flow of crude oil is expected to be the major demand driving factor for the growth of global pour depressants market. The growth of automobile industry is one of the major factors driving the growth of the global pour point depressant market. Moreover, the rising demand of engine oils, tractor fluids and power transmission fluids is in turn expected to fuel the overall growth of the global pour point depressant market. In addition, increasing refining capacity across the globe and rapid industrialization are some other driving factors boosting the growth of the global pour point depressant market.
Neat biodiesel with suitable modification is expected to be one of the restraining factors for the growth of global pour point depressant market. Moreover, nanoparticles can be an alternative to challenge the global pour point depressant market. The global economic crises, specifically in China is also expected to be a major threat for the growth of global pour point depressants market.
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Pour Point Depressants Market: Segmentation
On the basis of chemistry, the global pour point depressant can be segmented into
Oligomerized alkyl phenols
Phthalic acid esters
Copolymers of alpha- olefins
On the basis of end user application, the global pour point depressant market can be segmented into
Oil and gas industries
Pour Point Depressants Market: Regional Outlook
On the basis of region the global pour point depressant market is segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia Pacific Countries excluding Japan and Japan. Asia pacific is expected to contribute maximum share in terms of value to the revenue generated from the sales of pour point depressants globally. This region is expected to retain its dominance throughout the forecast period. China is estimated to be the fastest growing country in the global pour point depressants market. India and South Korea are also expected to contribute maximum share in the global pour point depressants market over the forecast period.
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Pour Point Depressants Market: Major key players
Some of the major players identified in the global pour point depressants market are:
Global Partners LP
Chevron Phillips Chemical Company
Croda International Plc
Evonik Industries AG
Afton Chemical Corporation
Royal Dutch Shell plc
The Lubrizol Corporation