Pour Point Depressants Market: Will Limited Application in Certain Regions Pull Down the Global Growth Rate?: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)
In several developed economies, commercial buyers favor devices with advanced diagnosis and automation. Through research and development and product innovation in pour point depressants products, manufacturers have considerably enhanced their response time for such custom requirements of clients. This trend is likely to gain momentum across the global market and create remarkable prospects in the near future and in turn fuel market revenue growth in the coming years.
China to emerge as the leading consumer in the coming years
Significant growth potential exists in emerging economies such as those in the Asia Pacific region. There is a substantial demand for lubricants additives based products in countries such as India, China, and South Korea. As the chemical industry grows, investments in product development by key manufacturers could create a significant opportunity for end use industries as a rise in the demand for automotive, industrial, and oil and gas will lead to an increase in the consumption of pour point depressants.
Additionally, the use of pour point depressants in different applications in the region is also adding up to the growth of the market in China and other Asian countries. Pour point depressants must be custom made as per the base oils. Similar applications may require different pour point depressants with respect to different product specifications. If the right pour point depressant is not selected, the low temperature viscosity increases eventually, which restricts the oil to protect the engine in critical conditions. The selection of pour point depressant rests on the performance package, base stocks, and the viscosity modifiers being used. When the range of lubricants being manufactured at the blending plant is extensive, it becomes tougher to select the right pour point depressant.
For instance, in the recent past, a severe winter with cold waves hit China, owing to which many oil makers found alternatives for base oils in order to keep the production going. These new base oils are anticipated to require different pour point depressants. The growing population and automotive industry of the region is also supplementing the growth of the pour point depressants market. The burgeoning disposable income is impelling investors to invest more in the automotive industry. The ever flourishing demand for vehicles has prompted automobile manufacturers to advance production output to accommodate growth, thereby positively influencing the sales of lubricant additives in the global automotive market.
Western Europe and North America to witness growing consumption of pour point depressants in the near future
Manufacturers of various equipment and end users are demanding fluids that deliver greater robustness and effectiveness. Waxy buildup is a nuisance for today’s automotive OEMs. OEMs, at present, are concerned about the wax present in almost all refined mineral lubricating oils, which tend to crystallize at low temperatures and prevent the lubricating oil from flowing in the engine. To address this issue, automotive OEMs and end users based in this climate zone are looking forward to employing pour point depressants as they have the ability to advance the low temperature flow of lubricating oils. These dynamics, when integrated, will act as a core bolstering force for the pour point depressants market in cold regions such as North America and mostly Western Europe.
- 1. Executive Summary
- 1.1. Market Overview
- 1.2. Market Analysis
- 1.3. FMI Analysis and Recommendations
- 1.4. Wheel of Fortune
- 2. Market Introduction
- 2.1. Market Definition
- 2.2. Market Taxonomy
- 3. Pour Point Depressants Market Background
- 3.1. Macro-Economic Factors
- 3.2. Opportunity Analysis
- 3.3. Global Economic Outlook
- 3.3.1. Global GDP by Region and Country, 2006–2021
- 3.3.2. Global Industry Value Added
- 3.3.3. Global Retail Industry Outlook
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Trends
- 3.5. Value Chain Analysis
- 3.6. Forecast Factors – Relevance & Impact
- 4. Global Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 4.1. Market Volume (Tons) Projections
- 4.2. Pricing Analysis
- 4.3. Market Size Projections
- 4.3.1. Y-o-Y Projections
- 4.3.2. Absolute $ Opportunity Analysis
- 5. Global Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028, by Chemical Composition
- 5.1. Introduction
- 5.1.1. Market Value Share Analysis by Composition
- 5.1.2. Y-o-Y Growth Analysis By Composition
- 5.2. Historical Market Size (US$ Mn) and Volume (Tons) By Composition, 2013–2017
- 5.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Composition, 2018-2028
- 5.3.1. Poly Alkyl Methacrylate (PAMA)
- 5.3.2. Styrene Ester
- 5.3.3. Alkyl aromatic Polymers
- 5.3.4. Alkylated Polystyrene
- 5.3.5. Others
- 5.4. Market Attractiveness Analysis by Composition
- 6. Global Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028, by Chemical Base Oil Additives
- 6.1. Introduction
- 6.1.1. Market Value Share Analysis by Base Oil Additives
- 6.1.2. Y-o-Y Growth Analysis by Base Oil Additives
- 6.2. Historical Market Size (US$ Mn) and Volume (Tons) By Base Oil Additives, 2013–2017
- 6.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Base Oil Additives, 2018-2028
- 6.3.1. Group I
- 6.3.2. Group II
- 6.3.3. Group III
- 6.4. Market Attractiveness Analysis by Base Oil Additives
- 7. Global Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028, by Chemical End Use Industry
- 7.1. Introduction
- 7.1.1. Market Value Share Analysis by End Use Industry
- 7.1.2. Y-o-Y Growth Analysis by End Use Industry
- 7.2. Historical Market Size (US$ Mn) and Volume (Tons) By End Use Industry, 2013–2017
- 7.3. Market Size (US$ Mn) and Volume (Tons) Forecast By End Use Industry, 2018-2028
- 7.3.1. Lubricants
- 7.3.1.1. Industrial
- 7.3.1.2. Automotive
- 7.3.1.3. Marine
- 7.3.1.4. Aviation
- 7.3.2. Oil & Gas
- 7.3.2.1. Exploration & Production
- 7.3.2.2. Refining
- 7.4. Market Attractiveness Analysis by End Use Industry
- 8. Global Pour Point Depressants Market Analysis and Forecast, By Region
- 8.1. Introduction
- 8.1.1. Market Value Share Analysis by Region
- 8.1.2. Y-o-Y Growth Analysis by Region
- 8.2. Historical Market Size (US$ Mn) and Volume (Tons) By Region, 2013–2017
- 8.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2018-2028
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Western Europe
- 8.3.4. Eastern Europe
- 8.3.5. South East Asia & Pacific
- 8.3.6. China
- 8.3.7. Japan
- 8.3.8. Middle East & Africa
- 8.4. Market Attractiveness Analysis by Region
- 9. Global Pour Point Depressants Market Pricing Analysis
- 9.1. Regional Average Pricing Analysis
- 9.1.1. North America
- 9.1.2. Latin America
- 9.1.3. Western Europe
- 9.1.4. Eastern Europe
- 9.1.5. South East Asia & Pacific
- 9.1.6. China
- 9.1.8. Japan
- 9.1.9. Middle East & Africa
- 9.2. Pricing Analysis, by Key Manufacturers
- 10. North America Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 10.1. Introduction
- 10.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 10.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 10.3.1. By Country
- 10.3.1.1. U.S.
- 10.3.1.2. Canada
- 10.3.2. By Chemical Compositions
- 10.3.3. By Base Oil Additives
- 10.3.4. By End Use Industry
- 10.4. Market Attractiveness Analysis
- 10.4.1. By Country
- 10.4.2. By Chemical Compositions
- 10.4.3. By Base Oil Additives
- 10.4.4. By End Use Industry
- 10.5. Drivers and Restraints: Impact Analysis
- 10.6. Key Participants Market Presence Intensity Mapping
- 11. Latin America Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 11.1. Introduction
- 11.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 11.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 11.3.1. By Country
- 11.3.1.1. Brazil
- 11.3.1.2. Mexico
- 11.3.1.3. Rest of Latin America
- 11.3.2. By Chemical Compositions
- 11.3.3. By Base Oil Additives
- 11.3.4. By End Use Industry
- 11.4. Market Attractiveness Analysis
- 11.4.1. By Country
- 11.4.2. By Chemical Compositions
- 11.4.3. By Base Oil Additives
- 11.4.4. By End Use Industry
- 11.5. Drivers and Restraints: Impact Analysis
- 11.6. Key Participants Market Presence Intensity Mapping
- 12. Western Europe Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 12.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 12.3.1. By Country
- 12.3.1.1. Germany
- 12.3.1.2. United Kingdom
- 12.3.1.3. France
- 12.3.1.4. Italy
- 12.3.1.5. Spain
- 12.3.1.6. Benelux
- 12.3.1.7. Nordic Region
- 12.3.1.8. Rest of Western Europe
- 12.3.2. By Chemical Compositions
- 12.3.3. By Base Oil Additives
- 12.3.4. By End Use Industry
- 12.4. Market Attractiveness Analysis
- 12.4.1. By Country
- 12.4.2. By Chemical Compositions
- 12.4.3. By Base Oil Additives
- 12.4.4. By End Use Industry
- 12.5. Drivers and Restraints: Impact Analysis
- 12.6. Key Participants Market Presence Intensity Mapping
- 13. Eastern Europe Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 13.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 13.3.1. By Country
- 13.3.1.1. Russia
- 13.3.1.2. Poland
- 13.3.1.3. Rest of Eastern Europe
- 13.3.2. By Chemical Compositions
- 13.3.3. By Base Oil Additives
- 13.3.4. By End Use Industry
- 13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Chemical Compositions
- 13.4.3. By Base Oil Additives
- 13.4.4. By End Use Industry
- 13.5. Drivers and Restraints: Impact Analysis
- 13.6. Key Participants Market Presence Intensity Mapping
- 14. South East Asia & Pacific Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 14.1. Introduction
- 14.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 14.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 14.3.1. By Country
- 14.3.1.1. Indonesia
- 14.3.1.2. India
- 14.3.1.3. Philippines
- 14.3.1.4. Thailand
- 14.3.1.5. Malaysia
- 14.3.1.6. Oceania
- 14.3.1.7. Rest of SEA & Pacific
- 14.3.2. By Chemical Compositions
- 14.3.3. By Base Oil Additives
- 14.3.4. By End Use Industry
- 14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Chemical Compositions
- 14.4.3. By Base Oil Additives
- 14.4.4. By End Use Industry
- 14.5. Drivers and Restraints: Impact Analysis
- 14.6. Key Participants Market Presence Intensity Mapping
- 15. China Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 15.1. Introduction
- 15.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 15.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 15.3.1. By Chemical Compositions
- 15.3.2. By Base Oil Additives
- 15.3.3. By End Use Industry
- 15.4. Market Attractiveness Analysis
- 15.4.1. By Chemical Compositions
- 15.4.2. By Base Oil Additives
- 15.4.3. By End Use Industry
- 15.5. Drivers and Restraints: Impact Analysis
- 15.6. Key Participants Market Presence Intensity Mapping
- 16. Japan Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 16.1. Introduction
- 16.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 16.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 16.3.1. By Chemical Compositions
- 16.3.2. By Base Oil Additives
- 16.3.3. By End Use Industry
- 16.4. Market Attractiveness Analysis
- 16.4.1. By Chemical Compositions
- 16.4.2. By Base Oil Additives
- 16.4.3. By End Use Industry
- 16.5. Drivers and Restraints: Impact Analysis
- 16.6. Key Participants Market Presence Intensity Mapping
- 17. Middle East & Africa Pour Point Depressants Market Analysis 2013–2017 and Forecast 2018–2028
- 17.1. Introduction
- 17.2. Historical Market Size (US$ Mn) and Volume (Tons) By Market Segments, 2013–2017
- 17.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2018-2028
- 17.3.1. By Country
- 17.3.1.1. GCC Countries
- 17.3.1.2. South Africa
- 17.3.1.3. North Africa
- 17.3.1.4. Rest of MEA
- 17.3.2. By Chemical Compositions
- 17.3.3. By Base Oil Additives
- 17.3.4. By End Use Industry
- 17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Chemical Compositions
- 17.4.3. By Base Oil Additives
- 17.4.4. By End Use Industry
- 17.5. Drivers and Restraints: Impact Analysis
- 17.6. Key Participants Market Presence Intensity Mapping
- 18. Pour Point Depressants Market Industry Structure
- 18.1. Market Analysis by Tier of Companies
- 18.1.1. By Large, Medium and Small
- 18.2. Market Presence Analysis
- 18.2.1. By Regional Footprint
- 18.2.2. By Product Footprint
- 18.2.3. By Channel Footprint
- 19. Competition Analysis
- 19.1. Competition Dashboard
- 19.2. Competitive Benchmarking
- 19.3. Profitability and Gross Margin Analysis By Competition
- 19.4. Competition Developments (Mergers, Acquisitions and Expansions)
- 19.5. Competition Deep dive
- 19.5.1. BASF SE
- 19.5.1.1. Overview
- 19.5.1.2. Product Portfolio
- 19.5.1.3. Profitability by Market Segments (Product/Channel/Region)
- 19.5.1.4. Production Footprint
- 19.5.1.5. Sales Footprint
- 19.5.1.6. Channel Footprint
- 19.5.1.7. Gross Margin Benchmarking
- 19.5.1.8. Strategy Overview
- 19.5.1.8.1. Marketing Strategy
- 19.5.1.8.2. Product Strategy
- 19.5.1.8.3. Channel Strategy
- 19.5.2. AkzoNobel N.V.
- 19.5.3. Chevron Oronite Company L.L.C.
- 19.5.4. Clariant
- 19.5.5. Afton Chemical Corporation
- 19.5.6. The Lubrizol Corporation
- 19.5.7. Evonik Industries
- 19.5.8. Infineum International Limited
- 19.5.9. NALCO Champion
- 19.5.10. Shengyang Greatwall Lubricant Oil Co.,Ltd.
- 19.5.11. The Aurora Chemical
- 19.5.12. Puyang Jiahua Chemical Co., Ltd.
- 19.5.13. Sanyo Chemical Industries Ltd.
- 19.5.14. Qingdao Lead Oilfield Solutions Co., Ltd
- 20. Research Methodology
- 21. Assumptions & Acronyms Used