Global Pour Point Depressant Market - 2021-2028

Global Pour Point Depressant Market - 2021-2028

Market Overview

The pour point depressant market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).

Pour point depressants are polymers that allow lubricants and oil to flow at very low wintertime temperatures, avoiding heavy wax formation at these cold temperatures and allow the oil to remain pumpable. The pour point depressants are used in paraffinic base oils in applications where very low machine startup temperature conditions are possible. Most paraffinic motor oils use pour point depressants. Although most wax is extracted during base oil refining, high-molecular-weight species are required to obtain the desired target viscosity. Therefore, pour point depressants are combined to allow mineral oils to function at low temperatures while retaining the viscosity benefits at higher temperatures. Good additives have the capability to lower the pour point by as much as 40° C. The PPD is commonly used in applications demanding mineral oil, usually below 0° C. Over the years, numerous synthetic materials have been introduced commercially as pour point depressants. Chlorinated wax is the most important example of small-molecule chemistry. Still, most commercial products are moderate to high molecular weight polymers, such as polymethacrylates, polyacrylates, acrylate-styrene copolymers, alkylated polystyrene, esterified olefin vinyl acetate-fumarate copolymers and others.

Market Dynamics

The global pour point depressant market growth is driven by the rising demand for effective transportaion of crude oil and growing need in marine fuels.

Rising demand for effective transportaion of crude oil

Current logistics and pipeline infrastructure limitations make transportation of waxy crude oil challenging, compelling a step-change in the chemistry needed to relieve crude-oil-composition issues. Pour-point depressants have been found as an effective solution for wax prevention. Today, 20% of produced crudes suffer from high wax levels and high pour points. Most producers transport the crude oil by pipeline from borehole to port storage, process plant or refinery. To overcome transportation problems, different technologies are used. For pipeline transport, the pour point depressants are far more economical than other technologies. The companies are offering several types of products to meet the challenge.

Various leading companies are currently launching new product launches to overcome the aforementioned problems, which is expected to drive the market. For example, In 2019, Clariant Oil Services has unveiled its new SubZero Pour Point Depressant technology. The innovation will support oil production companies, especially operating in cold climate regions, to overcome the challenges with the transportation of waxy crude oils and reducing wax deposition.

Growing need in marine fuels

Refineries are developing and promoting new fuel blends combining heavy and light streams to avoid a significant rise in fuel prices and meet the new sulfur emissions restrictions. Shipowners who do not want or cannot install expensive exhaust treatment equipment are beginning to recognize the value of these hybrid fuels. The new marine diesel types needed to be brought to Pour Point specification with PPDs.

The companies have followed this global emission reduction trend early on and are focusing on developed tailored additives for new types of marine diesel. The leading companies and global laboratories help refiners combine their production streams to ensure the final products are stable and marketable, meeting the new regulations. The above mentioned scenarios are expected to drive the global pour point depressant market in the forcest period.

Low effectiveness of pour point depressants

Pour point depressants have been successful in instances, but they do not assure effective operations for all kinds of scenarios. A chemical ideal for one type of oil may not work with oil from the different retorting processes. The pour point depressants necessitate being designed to be custom-made as per the base oils. Similar applications may need different pour point depressants involving different product specifications. If the ideal pour point depressant is not selected, the low-temperature viscosity increases and restrains the oil from protecting the engine in critical conditions.

Moreover, most of the pour Point Depressants available in the market are waxy or solid at room temperature and must be warmed up before use. The time effort and complexity of using a pour Point Depressants increases. It is difficult to use heatable systems in special areas, like EX-zones or onboard. The above mentioned scenarios are expectes to restrain the market growth in the forecast period.

COVID-19 Impact Analysis

Due to the pandemic, the pour point depressant market has seen a notable impact as the production work in the oil & gas sectors were closed or was working with low production capabilities. Pour point depressants are widely employed for oil and lubricants to flow at challenging temperatures. The less demand from the oil & gas industry for efficient transportation of the crude oil was one of the major reasons affecting the pour point depressant market. Leading oil & gas companies, such as BP, Royal Dutch and Exxon has reported billions of losses during the pandemic. The pour point depressant market has also faced downfall from lubrication sectors which comprises of automotive, marine, aviation industry. However, the demand has been stable in the year 2020 with majority of the industries back on the track. However, the market is expected to boom after the pandemic, with oil & gas giants aiming to work with higher production rates to recover from the incorporated losses, which will passively impact the pour point depressant market.

Segment Analysis

By end-user, the pour point depressant market is segmented into lubrication and oil & gas.

The effective opertions of vehicles in challenging is rising sales for lubrication sector

The lubrication sector is expected to hold the significant pour point depressant market share. The use of pour point depressants has been extensively growing in the automotive, industrial, aviation and other industries for efficient lubrication. The superior wax crystallization control of pour point depressants guarantees optimized oil flow behavior in cold climates, so equipment and vehicles can operate smoothly in adverse weather. The pour point depressants help overcome the severe low-temperature viscometric demands of modern lubricants, presenting robustness across performance packages, base stock groups and applications.

Various leading companies have been developing additives for effective operations and maintenance in vehicles and equipment, which is expected to drive market growth. For example, In 2021, Rislone has launched a treatment additive designed to extend gear system life by reducing noise, stopping leaks and improving gear performance in automotive, heavy-duty, agricultural and industrial gear oils. An additive booster includes a multigrade viscosity modifier to help keep oil on the gears and a pour point depressant to assure that the Gear Repair will flow even at low temperatures.

Moreover, in 2020, Chevron Oronite has announced the launch of GF-6 with its OLOA 55600, which has been tested in real-world conditions, is cooperative with hybrids. The company will also offer the technology with a pour point depressant to interested customers.

Pour Point Depressant Market Geographical Analysis

The rapid expansion of oil & gas and automotive industries in the Asia Pacific is boosting pour point depressant sales

Asia Pacific region holds the significantmarket share for the pour point depressant market globally and is expected to continue its dominance in the forecast period. The region has been requiring the use of pour point depressants in a diverse range of applications, including transport of crudes, heavy oils, middle distillates, waxy components and biodiesel or in marine diesel blends. The demand for the pour point depressant has grown with expanding oil extraction & production activities for crude oil derivatives like gasoline and diesel. Moreover, leading countries like China in terms of the automotive industry have been growing the market growth. The region is moving towards technological advancements allowing automotive manufacturers to develop innovation in pour point depressant products.

Various leading countries have been investing and expanding their pour point depressant business in the region amidst lucrative opportunities. For instance, in 2019, Clariant has opened a new supply base at Bojonegoro, Indonesia, in a ceremony attended by government officials and local customers. According to the company, the expansion will provide the customers of its Oil Services business with an improved supply chain for its pour point depressant and drag-reducing agent products, in line with the industry's specific requirements.

Competitive Landscape

The pour point depressant market is moderately competitive with companies focusing on offering a broad range of pour point depressants intended to meet the customer’s specifications in a variety of streams and applications. The market has been dominated by the global companies with presence in several countries. Some of the key players contributing to the market's growth are Afton Chemicals, Clariant AG, Evonik Industries, Akzonobel, Croda International, Chevron Corporation, Innospec Inc., Infineum International Limited, Ecolab, Messina Chemicals and others. The major players are adopting various new strategies to dominate the market, such as launching new products, acquisitions and collaborations, contributing to the growth of the pour point depressant market globally.

Clariant AG

Overview: Clariant AG is a multinational specialty chemicals company, established in 1995 as a spin-off from Sandoz. The company is focused on four business areas: catalysis, care chemicals, natural resources and plastics & coatings. Clariant Oil Services is a leader in developing, manufacturing, and supplying specialty chemicals and services to the oil & gas industry.

Product Portfolio: Clariant Refinery Services offers a wide range of pour point depressants designed to meet the specifications in various streams and applications like transport of crudes, waxy components and biodiesel. The company offers its products under the brand DODIFLOW.

Key Development: In 2020, Clariant Refinery Services has announced to open its state-of-the-art crude and fuel oil lab in the UK. The facility equipped to tackle pour point challenges for marine fuel customers to meet IMO 2020 regulations.

Why Purchase the Report?
• Visualize the segmentation of the pour point depressant market by chemistry, application, end-user and region, highlighting the key commercial assets and players.
• Identify commercial opportunities in the pour point depressant by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of pour point depressant market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global pour point depressant market report would provide access to an approx: 61 market data table, 57 figures and 190 pages.

Target Audience
• Transportation Companies
• Oil & Gas Companies
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1. Global Pour Point Depressant Market Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Global Pour Point Depressant Market – Market Definition and Overview
3. Global Pour Point Depressant Market – Executive Summary
3.1. Market Snippet by Chemistry
3.2. Market Snippet by Application
3.3. Market Snippet by End-User
3.4. Market Snippet by Region
4. Global Pour Point Depressant Market-Market Dynamics
4.1. Market Impacting Factors
4.1.1. Drivers
4.1.1.1. Rising demand for effective transportation of crude oil
4.1.1.2. Growing need in marine fuels.
4.1.1.3. XX
4.1.2. Restraints:
4.1.2.1. Low effectiveness of pour point depressants
4.1.2.2. XX
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Global Pour Point Depressant Market – Industry Analysis
5.1. Porter's Five Forces Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
6. Global Pour Point Depressant Market – COVID-19 Analysis
6.1. Analysis of Covid-19 on the Market
6.1.1. Before COVID-19 Market Scenario
6.1.2. Present COVID-19 Market Scenario
6.1.3. After COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid Covid-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. Global Pour Point Depressant Market – By Chemistry
7.1. Introduction
7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Chemistry
7.1.2. Market Attractiveness Index, By Chemistry
7.2. Poly Alkyl Methacrylate*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Styrene Ester
7.4. Alkylated Polystyrene
7.5. Alkyl Aromatic Polymer
7.6. Others
8. Global Pour Point Depressant Market – By Application
8.1. Introduction
8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
8.1.2. Market Attractiveness Index, By Application
8.2. Multigrade single oil*
8.2.1. Introduction
8.2.2. Market Size Analysis And Y-O-Y Growth Analysis (%)
8.3. Automatic and power transmission fluids
8.4. Automotive gear oils
8.5. Tractor fluids
8.6. Hydraulic fluids
8.7. Circulating oils
8.8. Others
9. Global Pour Point Depressant Market – By End-User
9.1. Introduction
9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
9.1.2. Market Attractiveness Index, By-End-User
9.2. Lubrication*
9.2.1. Introduction
9.2.2. Market Size Analysis And Y-O-Y Growth Analysis (%)
9.2.3. Automotive
9.2.4. Marine
9.2.5. Aviation
9.3. Oil & Gas
10. Global Pour Point Depressant Market – By Region
10.1. Introduction
10.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
10.3. Market Attractiveness Index, By Region
10.4. North America*
10.4.1. Introduction
10.4.2. Key Region-Specific Dynamics
10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Chemistry
10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
10.4.6.1. U.S.
10.4.6.2. Canada
10.4.6.3. Mexico
10.5. Europe
10.5.1. Introduction
10.5.2. Key Region-Specific Dynamics
10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Chemistry
10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
10.5.6.1. Germany
10.5.6.2. U.K.
10.5.6.3. France
10.5.6.4. Italy
10.5.6.5. Spain
10.5.6.6. Rest of Europe
10.6. South America
10.6.1. Introduction
10.6.2. Key Region-Specific Dynamics
10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Chemistry
10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
10.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
10.6.6.1. Brazil
10.6.6.2. Argentina
10.6.6.3. Rest of South America
10.7. Asia Pacific
10.7.1. Introduction
10.7.2. Key Region-Specific Dynamics
10.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Chemistry
10.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
10.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
10.7.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
10.7.6.1. China
10.7.6.2. India
10.7.6.3. Japan
10.7.6.4. Australia
10.7.6.5. Rest of Asia Pacific
10.8. Middle East and Africa
10.8.1. Introduction
10.8.2. Key Region-Specific Dynamics
10.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Chemistry
10.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
10.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
11. Global Pour Point Depressant Market – Competitive Landscape
11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis
12. Global Pour Point Depressant Market- Company Profiles
12.1. Clariant AG*
12.1.1. Company Overview
12.1.2. Product Portfolio and Description
12.1.3. Key Highlights
12.1.4. Financial Overview
12.2. Afton Chemicals
12.3. Evonik Industries
12.4. Akzonobel
12.5. Croda International
12.6. Chevron Corporation
12.7. Innospec Inc.
12.8. Infineum International Limited
12.9. Ecolab
12.10. Messina Chemicals
LIST NOT EXHAUSTIVE
13. Global Pour Point Depressant Market – Premium Insights
14. Global Pour Point Depressant Market – DataM
14.1. Appendix
14.2. About Us and Services
14.3. Contact Us

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