Published by Uma Rajagopal
Posted on February 4, 2022
Future Market Insights (FMI) has published a new research report on pour point depressants. The report has been titled “Pour Point Depressants Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028.” The growth in the automotive industry has provided the global pour point depressants market a substantial push towards development. The growing oil trade and consumption across cold regions has triggered the demand for pour point depressants.
The exploding population will translate to a rise in the demand in the automobile and industrial sectors. This tremendous rise in demand will escalate the consumption of pour point depressants based products across the globe. In order to meet the increasing requirements of consumers, companies operating in the global market are pulling up their socks and are entering into mergers and acquisitions in order to expand their consumer base and also facilitate product expansion.
In 2017, BASF PETRONAS Chemicals started a new plant for the engineering of HR-PIB, an important intermediate used in the manufacturing of high performance fuel and lubricant additives. The annual capacity of the company’s plant in Gebeng, Kuantan, Malaysia is 50,000 MT.
The other companies operating in the global pour point depressants market are Akzo Nobel N.V., Evonik Industries AG, Clariant, Chevron Corporation, NewMarket Corp., Shengyang Greatwall Lubricant Oil Co., Ltd., and Puyang Jiahua Chemical Co., Ltd., among others. According to the report, the global pour point depressants market is expected to exhibit a CAGR of 3.7% from 2018 to 2028. The market was worth US$ 1,658.8 Mn in 2017 and is projected to reach a valuation of US$ 2,461.4 Mn by the end of 2028.
Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1504
Automotive Industry to be the Biggest Support System of the Global Market
The burgeoning urbanisation, industrialisation, and economic growth across the globe is advancing the demand for automobiles in the worldwide market. This in turn is accelerating the demand for pour point depressants to be used in lubricants additives, which can hence withstand the low temperatures in American and European countries. The growing disposable income of people is compelling investors to invest more in the automotive industry.
The ever increasing demand for vehicles has encouraged automobile manufacturers to improve production output to accommodate growth, thereby positively impelling lubricant additives sales in the global automotive market. Consumers, at present, prefer premium quality lubricants, which will enhance the performance of the engine and prevent any kind of engine related issues. This is expected to further boost the demand for pour point depressants in the lubricant industry.
Rules Governing Automotive Emissions to Act as a Roadblock to Revenue Growth
Examining the effect of carbon emissions from automobiles, several governments and regulatory bodies are enforcing strict regulations on automobile manufacturers. Petrol- and diesel-based automobiles are the core reasons behind air pollution as they emit a significant amount of nitrogen oxide, carbon monoxide, and other pollutants into the air.
Adding to this, transportation is responsible for over half of nitrogen oxides and carbon monoxides and nearly a quarter of the hydrocarbons released into the atmosphere. As a result of such regulations, automobile manufacturers are looking to manufacture CNG vehicles, causing a challenge for the market for pour point depressants.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-1504
Market Taxonomy
Chemical Compositions
Base Oil Additives
End Use Industry
To remain ‘ahead’ of your competitors, get customized report – https://www.futuremarketinsights.com/customization-available/rep-gb-1504
Explore FMI’s Extensive Coverage on Chemicals & Materials Domain
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/pour-point-depressants-market
Press Release Source: https://www.futuremarketinsights.com/press-release/pour-point-depressants-market
Future Market Insights (FMI) has published a new research report on pour point depressants. The report has been titled “Pour Point Depressants Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028.” The growth in the automotive industry has provided the global pour point depressants market a substantial push towards development. The growing oil trade and consumption across cold regions has triggered the demand for pour point depressants.
The exploding population will translate to a rise in the demand in the automobile and industrial sectors. This tremendous rise in demand will escalate the consumption of pour point depressants based products across the globe. In order to meet the increasing requirements of consumers, companies operating in the global market are pulling up their socks and are entering into mergers and acquisitions in order to expand their consumer base and also facilitate product expansion.
In 2017, BASF PETRONAS Chemicals started a new plant for the engineering of HR-PIB, an important intermediate used in the manufacturing of high performance fuel and lubricant additives. The annual capacity of the company’s plant in Gebeng, Kuantan, Malaysia is 50,000 MT.
The other companies operating in the global pour point depressants market are Akzo Nobel N.V., Evonik Industries AG, Clariant, Chevron Corporation, NewMarket Corp., Shengyang Greatwall Lubricant Oil Co., Ltd., and Puyang Jiahua Chemical Co., Ltd., among others. According to the report, the global pour point depressants market is expected to exhibit a CAGR of 3.7% from 2018 to 2028. The market was worth US$ 1,658.8 Mn in 2017 and is projected to reach a valuation of US$ 2,461.4 Mn by the end of 2028.
Request Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1504
Automotive Industry to be the Biggest Support System of the Global Market
The burgeoning urbanisation, industrialisation, and economic growth across the globe is advancing the demand for automobiles in the worldwide market. This in turn is accelerating the demand for pour point depressants to be used in lubricants additives, which can hence withstand the low temperatures in American and European countries. The growing disposable income of people is compelling investors to invest more in the automotive industry.
The ever increasing demand for vehicles has encouraged automobile manufacturers to improve production output to accommodate growth, thereby positively impelling lubricant additives sales in the global automotive market. Consumers, at present, prefer premium quality lubricants, which will enhance the performance of the engine and prevent any kind of engine related issues. This is expected to further boost the demand for pour point depressants in the lubricant industry.
Rules Governing Automotive Emissions to Act as a Roadblock to Revenue Growth
Examining the effect of carbon emissions from automobiles, several governments and regulatory bodies are enforcing strict regulations on automobile manufacturers. Petrol- and diesel-based automobiles are the core reasons behind air pollution as they emit a significant amount of nitrogen oxide, carbon monoxide, and other pollutants into the air.
Adding to this, transportation is responsible for over half of nitrogen oxides and carbon monoxides and nearly a quarter of the hydrocarbons released into the atmosphere. As a result of such regulations, automobile manufacturers are looking to manufacture CNG vehicles, causing a challenge for the market for pour point depressants.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-1504
Market Taxonomy
Chemical Compositions
Base Oil Additives
End Use Industry
To remain ‘ahead’ of your competitors, get customized report – https://www.futuremarketinsights.com/customization-available/rep-gb-1504
Explore FMI’s Extensive Coverage on Chemicals & Materials Domain
Copper Foil Market: Increasing need for energy storage and electric and hybrid cars is poised to drive the copper foil market in Europe.
Compound Semiconductor Materials Market: The global compound semiconductor material market will grow at 7.2% CAGR through 2030.
Precipitated Barium Sulphate Market: The precipitated barium sulphate market has been gaining significantly from the expansion of construction and renovation works. Also, the rising demand for effective coatings in automotive sector is compounding growth prospects for the market.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/pour-point-depressants-market
Press Release Source: https://www.futuremarketinsights.com/press-release/pour-point-depressants-market
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