Wilmington, Delaware, United States, May 26, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – By 2022, the global market for water point depressors will reach USD 1.8 billion. In 2031, water point depressors will contribute 2.7 billion dollars in the market.
Viscosity is typically reduced with PPD treatments to increase production, which increases revenue. Eliminate or minimize the possibility of solidification of crude oil in the production system, thus avoiding the possibility of the entire plant being shut down due to solidification.
As crude oil derivatives such as gasoline and diesel are in high demand, oil extraction and production is expected to increase, driving product demand. Oil and gas production machinery will widely use dump point depressors as they pump oil effectively without affecting the final product in any significant way, thereby increasing the demand for the product in the region.
Auto manufacturers and end users in cold climates use pour point depressants to facilitate the movement of lubricating oils within their engines. Depressants of the depletion point have seen significant growth in recent years as consumption and production of crude oil have increased.
The demand for premium base oils with pour point depressants has grown as a result of a growing trend towards low carbon footprint, higher fuel efficiency and improved budget.
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Main conclusions of the market report
- According to estimates, oil and gas is likely to be the largest end-use segment by 2023. The segment is expected to grow at a CAGR of 4.9% during the forecast period.
- A large proportion of crude oil contains n-aliphatic hydrocarbon chains that crystallize at low temperatures and is expected to grow with high demand in the coming years.
- The oil and gas segment is expected to hold 45.7% of the market in 2031, in the coming years.
- Lubricants will have 61.1% of the market share, as 61.1% of the population use them extensively in 2031.
- Ethylene-co-vinyl acetate (EVA) performs better in reducing oil pour points. As per the forecast, the market will grow at a CAGR of 4.7%.
Global Pour Point Depressants Market: Growth Drivers
- Automotive lubricants such as crankcase motor oils, gear oils, transmission fluids, and automatic and power transmission fluids are driving the pour point depressor market. The market for dump point depressors is expected to grow as semi-urban areas become more affordable, luxury vehicles become more advanced, and high-end sedans equipped with powerful lubricants become more popular.
- Increased consumer awareness about vehicle care, coupled with increased demand for oil additives in sectors such as automotive and aerospace, is expected to boost sales of the product. Through the adoption of dual clutch technology, various opportunities will be enhanced which in turn will facilitate the growth of the pour point depressors market during the forecast period.
- With the increasing use of lubricant additives such as pour point depressants to improve engine and component operational efficiency, demand is expected to increase. As per the forecast, pour point depressants are expected to play an important role in aviation and shipping operations to sustain the growing demand for PPD in the market.
Purchase this Premium Research Report: Global Runoff Point Depressor: Regional Landscape Global Pour Point Depressants Market: Key Players Several companies dominate the global water point depressor market. A combined share of 40% to 50% of depletion point depressors was occupied by major players by 2022. For companies in the industry to strengthen their presence and positions in the global market, apply technological innovations, expand through acquisitions, restructure and invest. economically and merge. Get customization of this report for specific research solutions: Global Depletion Point Depressants Market: Segmentation type application end use region About transparency market research Transparency Market Research, a global market research firm registered in Wilmington, Delaware, USA, provides customized research and consulting services. Our unique combination of quantitative forecasting and trend analysis provides forward-looking information for thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and reviewed by a team of research experts, so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive datasets and research material for business reports. contact:
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