Lucintel anticipates that Asia Pacific will be the fastest growing region in the pour point depressant market

   October 23, 2019
According to a market report by Lucintel, the future of the pour point depressant market looks promising with opportunities in the lubricant, automotive, industrial, marine, aviation, and oil & gas industries. The pour point depressant market is expected to grow with a CAGR of 33% from 2019 to 2024. The major growth drivers for this market are high growth in developing nations, growing demand from end use industries, and lower cost of production.

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In this market, crankcase engine oils, automotive and power transmission fluids, automotive gear oils, tractor fluids, hydraulic fluids, and circulating oils are the major product type of pour point depressant market. Automotive gear oil is the largest product type.

Within the pour point depressant market, lubricant, automotive, industrial, marine, aviation, and oil & gas are the major end use industries. The lubricant industry is the largest end use segment for pour point depressants.

The lubricant industry (polyalkylmethacrylates and styrene esters) and the oil & gas industry (ethylene-co-vinyl-acetate, polyalpha olefin and polyalkylmethacrylates are the major chemistry type segments of the pour point depressant market.

APAC will remain the largest market over the forecast period because the application of PPDs is gaining momentum in the lubricant, automotive, and oil and gas industries.

AkzoNobel, Evonik Industries, Chevron Corporation, Croda International PLC., Innospec, BASF SE, Clariant Chemicals, Sanyo Chemical Industries, Ltd., Messina Chemicals, Infineum International Ltd., Afton Chemicals Corporation, and Lubrizol Corporation are among the major manufacturers of pour point depressants.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the pour point depressant market by product type, chemistry type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Pour Point Depressant Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the pour point depressant market by chemistry type, product type, end use industry, and region as follows:

By Chemistry Type [$M shipment analysis for 2019 – 2024]: 

  • Lubricant industry

  • Polyalkylmethacrylates

  • Styrene ester

  • Oil and Gas Industry

  • Ethylene-co-vinyl-acetate

  • Polyalpha Olefin

  • Polyalkylmethacrylates       

By Product Type [$M shipment analysis for 2019 – 2024]:   

  • Crankcase Engine Oils

  • Automotive and Power Transmission Fluids

  • Automotive Gear Oils

  • Tractor Fluids       

  • Hydraulic Fluids        

  • Circulating Oils                                                              

By End Use Industry [$M shipment analysis for 2019 – 2024]:

  • Lubricant Industry

  • Marine

  • Aviation

  • Automotive             

  • Oil and Gas Industry   

By Region [$M shipment analysis for 2019 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

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