The global pour point depressant market was valued at $1,374.2 million in 2015, and it is expected to grow at a CAGR of 2.7% during 2016 – 2022.
The factors driving the growth of the global market include growth in automotive industry, high demand in emerging economies, technological advancements, and increasing adoption of these chemicals across oil & gas and lubricant industries. The growth of the global pour point depressant market is largely driven by high demand for pour point depressant in transportation sector. The developing economies of Asia-Pacific and Latin America, such as India, China and Brazil offer ample growth opportunities for the manufacturers of pour point depressants.
Explore Full Market Research Report on “Pour Point Depressant Market” at: https://www.psmarketresearch.com/market-analysis/pour-point-depressant-market
Based on chemistry, the poly alkyl methacrylates segment held the largest share in the global pour point depressant market in 2015. The segment dominated the global market, due to the high demand for poly alkyl methacrylates based pour point depressant in automotive, marine, aviation, and oil and gas industries. The poly alpha olefin segment is anticipated to witness the highest growth during the forecast period, in terms of volume as well as value.
In 2015, Asia-Pacific held the largest share (41.3% in terms of value) in the global pour point depressant market with a market size of $567.0 million. The region is also anticipated to be the fastest growing market for pour point depressant, growing at a CAGR of 3.8% during the forecast period. The major reasons behind the growth of the pour point depressant market in the region include rapid industrialization in developing economies, such as China and India, and high growth in automotive industry.
Browse Related Research: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
Among the various end-users of pour point depressants, the lubricant industry held the largest share in the global market in 2015. The high consumption of pour point depressant in lubricant industry is attributed to the technological advancements and increasing demand for high quality lubricants, and growing research and development activities.
Some of the major players operating in the global pour point depressant market include Akzo Nobel N.V., Afton Chemical Corporation, BASF SE, Chevron Corporation, Clariant AG, Croda International Plc, Evonik Industries AG, Innospec, Messina Inc., The Lubrizol Corporation, Sanyo Chemical Industries Ltd.
GLOBAL POUR POINT DEPRESSANT MARKET SEGMENTATION
Poly Alkyl Methacrylates
Poly Alpha Olefin
Phthalic Acid Esters
Oil and Gas Industry
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Company Name: P&S Market Research
Contact Person: Abhishek, Executive – Client Partner
Phone: +1-888-778-7886 (USA/Canada Toll-Free)
Address:347, 5th Ave. #1402
City: New York City
Country: United States