Pour Point Depressant Market - Global Outlook and Forecast 2022-2027

Pour Point Depressant Market - Global Outlook and Forecast 2022-2027

The global pour point depressant market is expected to grow at a CAGR of 3.93% during 2022-2027.

MARKET INSIGHTS

Globally, the demand and adoption of high-performance pour point depressant market is high due to the increased production landscape of crude oil and the enormous demand for lubricants from the marine industry, construction equipment, heavy machinery, agriculture vehicle, and OEMs.

Pour point depressant additives are vital components in formulating finished lubricant products and base oil. Pour point depressant additives play a vital role in enhancing the overall functioning of base oil by preventing the formation of wax crystals at low temperatures that may impede the lubrication of industrial equipment and oil flow during the transportation of crude oil.

The established markets of Europe and North America are expected to witness significant demand for high-performance pour point depressant products during the forecast period due to the high production unit of crude oil and the increasing use of premium base oil (group II, III, & synthetic base oil) that absolutely align with the low demand for low viscosity lubricant formulation. Thus, this offers vendors many opportunities in the pour point depressant market during the forecast period.

KEY TRENDS & DRIVERS

Escalating Demand from Increasing Production of Crude Oil

  • With the increasing production and demand for crude oil globally, the pour point depressant market has witnessed significant growth over the past years. The U.S., Saudi Arabia, Russia, Canada, and China are the top producing nation for crude oil due to the decline in production cost. Government support has helped players set up their countries' crude oil-producing plants. In crude oil, pour point depressants are injected into waxy crude oil for smooth oil flow during processing, storage, and transportation in cold-weather environments.
Increasing Demand for Lubricants Based on Premium Base Oil
  • The increasing trend for low carbon footprint, better fuel economy, drain intervals, and engine oil durability drives the demand for the global pour point depressant market’s products in the premium base oil. This is primarily because adding a low viscosity additive to premium base oil enhances the overall functioning of lubricants and enables the OEMs. Other industries, such as marine, achieve sustainability by emitting low carbon emissions.
MARKET RESTRAINTS

Volatility in Crude Oil Prices
  • The major challenge faced in the pour point depressant market is the volatility in crude oil prices. Crude oil is the prime raw material to produce pour point depressants and uses polymethacrylate, vinyl acetate, styrene-maleic anhydride, and polyoxyethylene lauryl ether phosphate, among others. Increasing or changing crude oil prices directly impact the price of pour point depressant chemical additive. Thus, fluctuating crude oil price poses a major threat to vendor profit margins.
SEGMENTATION ANALYSIS

INSIGHTS BY CHEMISTRY
  • The polymethyacrylate segment is expected to be the largest in the global pour point depressant market and accounts for a revenue share of 46.22% of the global industry. Based on chemistry, the global pour point depressant market is divided into six segments: polymethyacrylate, poly alkyl methacryalte, styrene-maleic anhydride, polyoxyethylene lauryl ether phosphate, ethylene vinyl acetate, and others. Polymethyacrylate holds the highest share in the pour point depressant market, primarily due to its extensive use in crude oil facilities and lubricating oil such as engine oil, hydraulic fluid, and driveline fluid that enhances the viscosity index and offers more shear stability.
  • Styrene-maleic anhydride emerged as the third-largest segment in the global pour point depressant market and is expected to reach USD 283 million by 2027. The prime characteristics of styrene-maleic anhydride are its high gloss, high heat & chemical resistance, high viscosity, and high dimensional stability. SMA is available at a high molecular weight and is widely used across cooking utensils, business machine housings, electronic appliances, and the interior part of the car (such as ventilation ducts and lenses).
INSIGHTS BY END-USE
  • Based on end-use, the global pour point depressant market is divided into four segments: oil & gas, automotive, heavy industrial, and power generation. The oil & gas segment holds the highest share in the pour point depressant market and accounts for 43.54% of the global share; however, the automotive segment is expected to lead the industry during the forecast period. This is primarily due to the increasing production of commercial vehicles, passenger vehicle, and two-wheelers worldwide that operates in low-temperature environments and to ensure smooth flow of oil in automotive engine, suspension & steering joints, brake system, and other components, pour point depressant are added in automotive lubricants.
  • The high use of oil for power generation and the high demand for petrochemical that are used in the production of almost all goods ranging from fertilizers to packaging, clothing, medical equipment, tires, digital devices, and others are the prime factors driving the high demand for crude oil production. Globally, the U.S. is one of the biggest oil-consuming countries. In 2021, on average, the country consumed 19.78 million barrels of petroleum per day, an increase in consumption of over 1.6 million barrels per day compared to 2020, as per the data by EIA.
GEOGRAPHICAL ANALYSIS
  • APAC dominates the global pour point depressant market as this region's automotive, transportation, power generation and heavy industrial sectors are increasing significantly because of continuous industrialization and infrastructure development. Further, the Asia Pacific holds 38.00% of the global industry share and is expected to grow with a CAGR of 4.25%.
APAC is home to developing countries such as India, China, Japan, South Korea, and Australia. China, Japan, and India led the region and are witnessing a surge in demand from the automotive & transportation sectors, increasing crude oil exploration activities, and the manufacturing of machinery sector driven by the increasing regulation to reduce carbon emissions and continuous industrialization and infrastructure development.
  • North America is the second-largest pour point depressant market and estimates to grow with a CAGR of 3.98% during the forecast period.
The U.S. and Canada are the major markets for pour point depressants in North America. The pour point depressant market in North America is majorly driven by the high penetration of lubricant manufacturing companies that blend additives with the final lubricant products. North America is home to numerous lubricant manufacturers due to the increased production & processing of base oil. Exxon Mobil Corporation, Chevron Corporation, and Phillips 66 are some of the leading lubricant manufacturers operating in the industry.

COMPETITIVE LANDSCAPE

The global pour point depressant market is moderately fragmented, and the degree of fragmentation is expected to accelerate slowly during the forecast period. Many international and domestic vendors across the geographies compete in terms of brand, price, geographical presence, and technical innovation. For instance, in 2019, Clariant Oil & Services launched “WAXTREAT” Subzero pour point depressants technology for cold weather conditions.

The high entry barriers characterize the market as new entrants require technical skills to produce pour point depressant chemical additives products. Additionally, the pour point depressant market players are working in close liaison with industry experts to understand the current demand of the consumers. So, they can accordingly formulate the product to meet the new engine oil specification and multiple types of gas in the power generation sector. Thus, due to these factors, it offers opportunities for players to enter the industry. Still, at the same time high cost of setting up the production unit and stringent testing facilities across Europe, and North America, new players hesitate to enter the industry.

Key Vendors
  • BASF
  • Evonik
  • Clariant
  • The Lubrizol Corporation
Other Prominent Vendors
  • Afton Chemical
  • Callington Haven
  • Ganesh Benzoplast
  • Goodway Chemicals Private Limited
  • Infenium International Limited
  • Innospec
  • Jinzhou Kangtai Lubricant Additives
  • Kemipex
  • Octane Incorporated FZC
  • RX Marine International
  • Shaoxing Shangyu Simo Research Institute Of Organic Chemistry
  • Zhengzhou Chorus Lubricant Additive Co., Ltd
  • A S Harrison & Co Pty Limited
  • Dana Lubricants Factory LLC
KEY QUESTIONS ANSWERED

1. What is the revenue from the global pour point depressant market?

2. What is the projected market size of the global pour point depressant market by 2027?

3. What is the growth rate of the pour point depressant market?

4. Which region dominates the global pour point depressant market?

5. What are the key driving factors in the pour point depressant market?

6. Who are the key players in the global pour point depressant market?


1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
6.1 MARKET OVERVIEW
6.2 MARKET DYNAMICS: KEY TRENDS, DRIVERS, AND RESTRAINTS
6.2.1 MARKET TRENDS
6.2.2 MARKET ENABLERS
6.2.3 MARKET RESTRAINTS
6.3 SEGMENT ANALYSIS
6.3.1 INSIGHTS BY CHEMISTRY
6.3.2 INSIGHTS BY END-USE
6.3.3 GEOGRAPHICAL ANALYSIS
6.4 COMPETITIVE LANDSCAPE
6.4.1 COMPANY & STRATEGIES
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
8.2 VALUE CHAIN ANALYSIS POUR POINT DEPRESSANT
8.2.1 RAW MATERIAL SUPPLIER
8.2.2 MANUFACTURERS
8.2.3 DISTRIBUTORS
8.2.4 LUBRICANT PRODUCERS- END USERS OF PPD
8.2.5 APPLICATION
8.3 GLOBAL ECONOMIC FACTORS AFFECTING DEMAND FOR POUR POINT DEPRESSANT MARKET
8.3.1 INCOME
8.3.2 CONSTRUCTION INDUSTRY
8.3.3 POWER GENERATION
8.3.4 AUTOMOTIVE INDUSTRY
9 MARKET OPPORTUNITIES & TRENDS
9.1 HIGH DEMAND FOR CRUDE OIL DUE TO INCREASED PRODUCTION
9.2 SOARING AUTOMOTIVE PRODUCTION
10 MARKET GROWTH ENABLERS
10.1 INCREASING DEMAND FOR LUBRICANTS BASED ON PREMIUM BASE OIL
10.2 SIGNIFICANT GROWTH IN POWER GENERATION SECTOR
11 MARKET RESTRAINTS
11.1 VOLATILITY IN CRUDE OIL PRICES
11.2 INCREASING DEMAND FOR ALTERNATE ENERGY- EVS
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.2.1 VALUE
12.2.2 VOLUME
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 CHEMISTRY
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 POLYMETHACRYLATE
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4 POLY ALKYL METHACRYLATE
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 STYRENE-MALEIC ANHYDRIDE
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.6 POLYOXYETHYLENE LAURYL ETHER PHOSPHATE
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY GEOGRAPHY
13.7 ETHYLENE VINYL ACETATE
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST
13.7.3 MARKET BY GEOGRAPHY
13.8 OTHERS
13.8.1 MARKET OVERVIEW
13.8.2 MARKET SIZE & FORECAST
13.8.3 MARKET BY GEOGRAPHY
14 END-USE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 OIL & GAS
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 AUTOMOTIVE
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5 HEAVY INDUSTRIAL
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY
14.6 POWER GENERATION
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.6.3 MARKET BY GEOGRAPHY
15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
15.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
15.3 GEOGRAPHIC OVERVIEW
16 NORTH AMERICA
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.2.1 VALUE
16.2.2 VOLUME
16.3 CHEMISTRY
16.3.1 MARKET SIZE & FORECAST
16.4 END-USE
16.4.1 MARKET SIZE & FORECAST
16.5 KEY COUNTRIES
16.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
16.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
16.6 US
16.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
16.7 CANADA
16.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17 LATIN AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.2.1 VALUE
17.2.2 VOLUME
17.3 CHEMISTRY
17.3.1 MARKET SIZE & FORECAST
17.4 END-USE
17.4.1 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
17.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
17.6 BRAZIL
17.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.7 MEXICO
17.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
17.8 REST OF LATIN AMERICA
17.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18 APAC
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.2.1 VALUE
18.2.2 VOLUME
18.3 CHEMISTRY
18.3.1 MARKET SIZE & FORECAST
18.4 END-USE
18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
18.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
18.6 CHINA
18.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.7 INDIA
18.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.8 JAPAN
18.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.9 SOUTH KOREA
18.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.10 AUSTRALIA
18.10.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
18.11 REST OF APAC
18.11.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19 MIDDLE EAST & AFRICA
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.2.1 VALUE
19.2.2 VOLUME
19.3 CHEMISTRY
19.3.1 MARKET SIZE & FORECAST
19.4 END-USE
19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
19.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
19.6 IRAN
19.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.7 SOUTH AFRICA
19.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.8 SAUDI ARABIA
19.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.9 UAE
19.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
19.10 REST OF MIDDLE EAST & AFRICA
19.10.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20 EUROPE
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.2.1 VALUE
20.2.2 VOLUME
20.3 CHEMISTRY
20.3.1 MARKET SIZE & FORECAST
20.4 END-USE
20.4.1 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.5.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)
20.5.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
20.6 GERMANY
20.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.7 SPAIN
20.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.8 RUSSIA
20.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.9 FRANCE
20.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.10 UK
20.10.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.11 ITALY
20.11.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
20.12 REST OF EUROPE
20.12.1 MARKET SIZE & FORECAST (VALUE & VOLUME)
21 COMPETITIVE LANDSCAPE
21.1 COMPETITION OVERVIEW
22 KEY COMPANY PROFILES
22.1 BASF
22.1.1 BUSINESS OVERVIEW
22.1.2 BASF IN POUR POINT DEPRESSANT MARKET
22.1.3 FINANCIAL OVERVIEW
22.1.4 PRODUCT OFFERINGS
22.1.5 KEY STRATEGIES
22.1.6 KEY STRENGTHS
22.1.7 KEY OPPORTUNITIES
22.2 EVONIK
22.2.1 BUSINESS OVERVIEW
22.2.2 FINANCIAL OVERVIEW
22.2.3 PRODUCT OFFERINGS
22.2.4 KEY STRATEGIES
22.2.5 KEY STRENGTHS
22.2.6 KEY OPPORTUNITIES
22.3 CLARIANT
22.3.1 BUSINESS OVERVIEW
22.3.2 FINANCIAL OVERVIEW
22.3.3 PRODUCT OFFERINGS
22.3.4 KEY STRATEGIES
22.3.5 KEY STRENGTHS
22.3.6 KEY OPPORTUNITIES
22.4 THE LUBRIZOL CORPORATION
22.4.1 BUSINESS OVERVIEW
22.4.2 PRODUCT OFFERINGS
22.4.3 KEY STRATEGIES
22.4.4 KEY STRENGTHS
22.4.5 KEY OPPORTUNITIES
23 OTHER PROMINENT VENDORS
23.1 AFTON CHEMICAL
23.1.1 COMPANY OVERVIEW
23.1.2 BUSINESS OVERVIEW
23.1.3 PRODUCT OFFERINGS
23.2 CALLINGTON HAVEN
23.2.1 COMPANY OVERVIEW
23.2.2 PRODUCT OFFERINGS
23.3 GANESH BENZOPLAST
23.3.1 COMPANY OVERVIEW
23.3.2 BUSINESS & FINANCIAL OVERVIEW
23.3.3 PRODUCT OFFERINGS
23.4 GOODWAY CHEMICALS PRIVATE LIMITED
23.4.1 COMPANY OVERVIEW
23.4.2 PRODUCT OFFERINGS
23.5 INFINEUM INTERNATIONAL LIMITED
23.5.1 COMPANY OVERVIEW
23.5.2 PRODUCT OFFERINGS
23.6 INNOSPEC
23.6.1 COMPANY OVERVIEW
23.6.2 BUSINESS & FINANCIAL OVERVIEW
23.6.3 PRODUCT OFFERINGS
23.7 JINZHOU KANGTAI LUBRICANT ADDITIVES
23.7.1 COMPANY OVERVIEW
23.7.2 PRODUCT OFFERINGS
23.8 KEMIPEX
23.8.1 COMPANY OVERVIEW
23.8.2 PRODUCT OFFERINGS
23.9 OCTANE INCORPORATED FZC
23.9.1 COMPANY OVERVIEW
23.9.2 PRODUCT OFFERINGS
23.10 RX MARINE INTERNATIONAL
23.10.1 COMPANY OVERVIEW
23.10.2 PRODUCT OFFERINGS
23.11 SHAOXING SHANGYU SIMO RESEARCH INSTITUTE OF ORGANIC CHEMISTRY
23.11.1 COMPANY OVERVIEW
23.11.2 PRODUCT OFFERINGS
23.12 ZHENGZHOU CHORUS LUBRICANT ADDITIVE CO., LTD
23.12.1 COMPANY OVERVIEW
23.12.2 PRODUCT OFFERINGS
23.13 A S HARRISON & CO PTY LIMITED
23.13.1 COMPANY OVERVIEW
23.13.2 PRODUCT OFFERINGS
23.14 DANA LUBRICANTS FACTORY LLC
23.14.1 BUSINESS OVERVIEW
23.14.2 PRODUCT OFFERINGS
24 REPORT SUMMARY
24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS
25 QUANTITATIVE SUMMARY
25.1 MARKET BY CHEMISTRY
25.1.1 POLYMETHACRYLATE
25.1.2 POLY ALKYL METHACRYLATE
25.1.3 STYRENE-MALEIC ANHYDRIDE
25.1.4 POLYOXYETHYLENE LAURYL ETHER PHOSPHATE
25.1.5 ETHYLENE VINYL ACETATE
25.1.6 OTHERS
25.2 MARKET BY END-USE
25.2.1 OIL & GAS
25.2.2 AUTOMOTIVE
25.2.3 HEAVY INDUSTRIAL
25.2.4 POWER GENERATION
26 GEOGRAPHY
26.1 NORTH AMERICA
26.1.1 CHEMISTRY
26.1.2 END-USE
26.2 LATIN AMERICA
26.2.1 CHEMISTRY
26.2.2 END-USE
26.3 APAC
26.3.1 CHEMISTRY
26.3.2 END-USE
26.4 EUROPE
26.4.1 CHEMISTRY
26.4.2 END-USE
26.5 MIDDLE EAST & AFRICA
26.5.1 CHEMISTRY
26.5.2 END-USE
27 APPENDIX
27.1 ABBREVIATIONS

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