North America polyalkylmethacrylates pour point depressants market from lubricants applications should register gains close to 4% by 2025. These products are significantly used pertaining to their ability to improve low temperature challenges in lubricating compositions. Significant growth in automotive industry along with rising consumer inclination towards superior quality fuel additives to improve overall vehicle efficiency should foster pour point depressants industry demand. Pour Point Depressants Market may exceed USD 935 million by 2025; according to a new research report.
Significant focus on maintenance & servicing of automotive has urged manufacturers to produce high quality fuel additives which is the major driver for pour point depressants industry. These additives are utilized by various lubricant based industries owing to their superior temperature resistance and low maintenance cost making it suitable for use in harsh temperature surroundings. Rising technological advancements has enabled manufacturers to enhance product innovation which may stimulate the pour point depressants market growth.
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Global pour point depressants market surpassed USD 670 million in 2018 pertaining to its growing demand from automotive, industrial, oil & gas, aviation and marine industries. These products are capable of providing superior fuel efficiency as they prevent the formation of wax crystals and improve the overall performance of engine. PPD based products optimize oil flow behavior in cold climates and help the engine to operate smoothly in adverse weather which shall fuel the product demand.
Europe ethylene co vinyl acetate market from oil & gas applications surpassed USD 20 million in 2018 pertaining to the growing demand for additives in oil drilling & extraction equipment. These products are added during oil extraction to prohibit wax deposition and prevent any kind of damage to the engine. Increasing oil & gas opportunities have enhanced the exploration & production activities which in turn has fueled the demand for PPD products as they are capable to pump oil below its normal pour point without having any adverse effects on the finished product.
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Major industry participants for pour point depressants market include Chevron Phillips Chemicals, Sanyo Chemical Industries, The Lubrizol Corporation, Thermax Limited, Lehmann & Voss & Co. KG, and INEOS Capital Limited. Most of the manufacturers are engaged in enhancing production capacity to satisfy rising consumer demand and engaged in R&D initiatives which should promote pour point depressants market growth.
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