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Pour Point Depressants Market Size
- Report ID: GMI3359
- Published Date: May 2019
- Report Format: PDF
Pour Point Depressants Market Size
Pour Point Depressants Market size valued at USD 685 million in 2018 and expects consumption of over 245 kilo tons by 2025.
Growing demand for high quality fuels & lubricants in automotive industry along with increasing industrialization is likely to drive pour point depressants market growth. Global automotive sales in 2018 surpassed over 85 million vehicles which indicates tremendous growth opportunities. These products are gaining popularity pertaining to their high weather resistance and ability to control wax formation in lubricants at extremely low temperature. Increasing consumer awareness for maintenance of vehicles and growing usage of fuel additives in various end use industries including automotive & aviation will further stimulate market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Pour Point Depressants Market Size in 2018: | 285 Million (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 4.5% |
| 2025 Value Projection: | 935 Million (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 490 |
| Tables, Charts & Figures: | 1,047 |
| Segments covered: | Product and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Significant demand for lubricant additives-based products and increasing opportunities in end-use industries such as oil & gas, industrial, aviation and automotive should promote demand for pour point depressants market. The capability of a lubricant to flow under low temperature condition is crucial for optimum performance of engines and equipment. These substances prevent wax fractions to form large crystal networks which obstruct the lubricant flow at cold temperatures. These products enhance transport of waxy crudes, offer high shear stability and keep the oil flowing in cold weather.
Conversion of crude oil into cleaner & marketable products has made refineries more complex and requires more energy use. Oil & gas industry contributes a huge amount to the global carbon emissions which has made several governments to impose stringent emission norms for refineries. Burning fuels to generate energy causes over 90 percent of refinery carbon emission which may hamper the growth of pour point depressants market. However, these products when added to the crude oil improve transportation of the oil and solve flow problems which are most evident in sea & deep-water operations should accelerate market growth.
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Pour Point Depressants Market Scope
