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Pour Point Depressant Market to Reach US$2.9 Billion by 2033, Driven by Automakers in Cold Climates | Future Market Insights, Inc.

North AmericaLatin AmericaWestern EuropeEastern EuropeSouth Asia and PacificEast AsiaThe Middle East & Africa

Key countries profiled

The United StatesCanadaBrazilMexicoGermanyThe United KingdomFranceSpainItalyRussiaPolandCzech Republic

RomaniaIndiaBangladeshAustraliaNew ZealandChinaJapanSouth KoreaGCC countriesSouth AfricaIsrael

Key market segments

Chemical CompositionsBase Oil AdditivesEnd Use IndustryRegion

Key companies profiled

AkzoNobel N.V.Chevron Oronite Company L.L.C.ClariantAfton Chemical CorporationThe Lubrizol CorporationEvonik IndustriesInfineum International Limited

NALCO ChampionShengyang Greatwall Lubricant Oil Co. Ltd.The Aurora ChemicalPuyang Jiahua Chemical Co., Ltd.Sanyo Chemical Industries Ltd.Qingdao Lead Oilfield Solutions Co. Ltd

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"The increased adoption of environmentally friendly pour point depressant solutions, as well as continued technological improvements leading to better low-temperature performance, will eventually drive demand in the global market," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

Manufacturers invest efforts in research and development to create new pour point depressant formulas. Companies can differentiate themselves in the market and command premium prices by creating products with unique features, such as enhanced performance or versatility with different types of crude oil.

Manufacturers often expand geographically to access new markets where pour point depressants are becoming more and more necessary. Businesses can increase their customer base, diversify their revenue streams, and increase profitability by going global via alliances, mergers, or acquisitions.

Key Developments

In 2022, to better serve its clients in the pharmaceutical, home care, personal care, and industrial application sectors, Clariant planned to enlarge its Care Chemicals facility in Daya Bay, Huizhou, China.By 2024, the CHF 80 million investment will have increased capacity for current goods and brought new ones to market. The Clariant Daya Bay manufacturing plant has become the first API company in China to have approved polyethylene glycol Polyglykol 3350 after successfully receiving the medication GMP certificate. The location will serve as a new worldwide center for Clariant's healthcare business support, expediting the delivery of premium ingredients for medications that have the potential to save lives.In 2022, Lubrizol and Grasim Industries Limited initiated the construction of the first phase of a 100,000 metric ton CPVC resin facility in Vilayat, Gujarat, India. The Grasim Industries complex will house the largest single site CPVC resin production capacity in the world. It is intended to provide the growing demand for CPVC piping uses across India and its surrounding nations, including Bangladesh, Indonesia, and Nepal.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global pour point depressant market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the global pour point depressant market, the market is segmented on the basis of chemical compositions (poly alkyl methacrylate, styrene ester, alkyl aromatic polymer, alkylated polystyrene, others), base oil additives (group I, group II, group III), end use industry (lubricants, industrial, automotive, marine, aviation, oil & gas, exploration & production, refining) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, The Middle East & Africa).

About the Chemicals and Materials Division at Future Market Insights

The chemicals and materials domain at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one billion+ data points, the team has analyzed the market lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends, including competitive landscape, profit margin, and research development efforts.

Explore FMI's Extensive Coverage in the Chemicals 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 market 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.

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