VALLEY COTTAGE, NY, April 10, 2018 (GLOBE NEWSWIRE) -- 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.
Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-1504
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.
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.
Preview Analysis Global Pour Point Depressants Market Segmentation By Chemical Compositions Type - Poly Alkyl Methacrylate,Styrene Ester,Alkyl Aromatic Polymer,Alkylated Polystyrene,Others; By End Use Industry Type – Lubricants,Industrial,Automotive,Marine,Aviation,Oil & Gas,Exploration & Production,Refining: https://www.futuremarketinsights.com/reports/pour-point-depressants-market
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.
Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-1504
More from FMI’s Chemicals & Materials Market Intelligence:
- Silicon Tetrachloride Market Segmentation By Application - Chemical Intermediate, Silicone Rubber, Optic Fiber Preform, Others; By Grade - Electronics Grade, Technical Grade; By Derivatives - Polysilicon, Semiconductors, Photovoltaic Cells, Fumed Silica, Adhesive & Sealant, Food, Personal care, Paints & coatings, Others: https://www.futuremarketinsights.com/reports/silicon-tetrachloride-market
- Electronic Cleaning Solvents Market Segmentation By Product Type - Formulated Hydrocarbon Solvents, Glycols & Glycol Ethers, Fluorinated Solvents, Brominated Solvents, Light Petroleum Distillates; By Cleaning Process - Vapor phase degreaser process, Vacuum cleaning process, Mixed co-solvent process, Separated co-solvent process, Semi-aqueous process: https://www.futuremarketinsights.com/reports/electronic-cleaning-solvents-market
- Potassium Sulphate Market Segmentation By Application - Treenuts, Fruits, Vegetables, Tobacco, Others; By Product Form - Granular, Powder, Liquid: https://www.futuremarketinsights.com/reports/potassium-sulfate-market
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Browse More Chemicals & Materials Market Insights
Contact Us
Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremrketinsights.com
FMI Blog: http://www.fmiblog.com/
Website: www.futuremarketinsights.com