Pour Point Depressants Market

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)

  • 2018-04-05
  • REP-GB-1504
  • 218 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Pour Point Depressants Market

This study offers a comprehensive, 360 degree analysis on the Pour Point Depressants market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Pour Point Depressants market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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 index improvers 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.

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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.

An outline on the chemicals industry with respect to the scenario of the pour point depressants market

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser dependency on volume-driven growth. New materials are showcasing potential for driving value-based growth, but chemical companies are still some time away from achieving voluminous production, while maintaining high quality at the same time. Barring few exceptions, a majority of players are still prioritizing short-term volume growth over long-term value growth. Pressure on improving bottom-line is influencing manufacturers to improve efficiency and reduce operational costs. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favor of a balanced approach between value and volume.

Manufacturers are under increasing pressure to incorporate digital solutions in their offerings. Forward-thinking manufacturers are investing in technology to reduce human interference and streamline key operational aspects such as ordering and shipping. Resonating its influence over every industry, Internet of Things (IoT) has the potential to transform and disrupt the chemical sector. Connectivity through IoT devices is gaining traction, whereas product-level sensors on dispensing equipment and barrels are helping manufacturers track their consignments digitally. Through assessment of long-term benefits, chemical companies are capitalizing on digitization by adopting digital platforms & processes that eliminate human error in profit-associated operations.

Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce pre-production costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock with bio-based alternatives. However, concerns related to producing affordable and sustainable feedstock at mass scale remains a challenge. Access to quality and affordable feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing processes are running on limited energy, while volume of feedstock is getting stranded at ports as disapproval from import authorities keeps disrupting supply chains in sectors, such as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional authorities that are committing towards green, sustainable initiatives. Development of bio-alternatives is gaining momentum. Research & academic institutes are teaming up with manufacturers to formulate sustainable substitutes for commonly-used chemical substrates. Many companies are keeping a close eye on advancements in “green chemistry.” Shift towards eco-friendly chemicals will gain momentum in the future on the back of government regulations and end-user preference. Rising costs of fossil fuels will also instrument the upsurge for sustainable chemicals manufacturing.

List of factors tracked in the Chemicals and Materials Market Report

  • Chemical Industry Value Add

  • Chemical Sales

  • Per Capita Consumption

  • Standard Capacity Factors

  • Plastics Consumption Outlook

  • Glass Consumption Outlook

  • Policies and Regulations

  • Historical growth of top players

  • Growth in associated markets

  • Net trade scenario

  • Apparent production capacity

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Target Audience

  • Production Companies

  • Suppliers

  • Channel Partners

  • Marketing Authorities

  • Subject Matter Experts

  • Research Institutions

  • Financial Institutions

  • Market Consultants

  • Government Authorities

Market Taxonomy

Chemical Compositions

 

Base Oil Additives

 

End Use Industry

 

Region

 

  • Poly Alkyl Methacrylate

  • Styrene Ester

  • Alkyl Aromatic Polymer

  • Alkylated Polystyrene

  • Others

  • Group I

  • Group II

  • Group III

  • Lubricants

    • Industrial

    • Automotive

    • Marine

    • Aviation

  • Oil & Gas

    • Exploration & Production

    • Refining

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • South East Asia

  • Japan

  • China

  • MEA

 

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