Global Pour Point Depressants Market: Overview
Pour Point Depressants (PPD) refers to those critical components that stops the formation of large crystal networks from wax fractions in the base oil. Large crystal networks do not allow the flow of lubricant at cold temperatures. As the temperature is further decreased, things start getting unclear to naked eyes.
The temperature at which such haziness emerges is called cloud point and this process of solidification is known as gelation. Pour point is the lowest temperature at which oil is changed into a fluid. Diesel fuels also have the tendency to gel or wax in cold weather.
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Global Pour Point Depressants Market: Notable Developments
There have been quite a few developments in the global pour point depressants market.
Several prominent market players are planning strategic partnerships, new product launches, acquisitions, and mergers so as to cater to the increasing requirement of pour point depressants.
Kyoto based Sanyo Chemical Industries Ltd. has confirmed its merger with Nippon Shokubai Co, a prominent chemical manufacturing company in Japan.
These two companies are all set to establish a holding company in October next year. It will integrate all its operations, followed by a full-blown merger in the year 2022.
Some of the noted players that are operating in the global pour point depressants market areSanyo Chemical Industries Ltd., The Lubrizol Corporation, Afton Chemicals, and INEOS Capital Limited.
Global Pour Point Depressants Market: Key Trends
Global pour point depressants market has been characterized with the below-mentioned market trends and opportunities:
High Demand from the Automotive Industry
Increasing requirement for high quality lubricants and fuels in the automotive industry together with growing industrialization are forecasted to drive the growth of the pour point depressants market. Furthermore, growing consumer awareness with respect to vehicle maintenance and increased use of fuel additives in many end use industries will stimulate market growth.
Stringent Regulations by Government to Affect Demand
Refineries have become more complicated and needs more energy to convert crude oil into marketable and cleaner products. Oil and Gas industry is responsible for a huge amount of carbon emissions in the atmosphere. As such, several governments have imposed strict emission norms for refineries to curb such harmful emissions.
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Global Pour Point Depressants Market: Geographical Analysis
The global pour point depressants market is led by North America with Canada, Mexico, and U.S playing significant roles. Increasing presence of automobile manufacturing units, the demand for pour point depressants is set to grow manifolds in the years to come.
Europe follows North America inthe pour point depressants market. The demand for pour point depressants is driven by Spain, the U.K., Germany, Italy, and France. Rising demand for efficient and high speed mode of transport has compelled people to shift their inclination towards air travel. Therefore, increasing usage of pour point depressants as additives in jet fuels shall stimulate the growth of the market in Europe.
Japan, South Korea, and India drive the demand for pour point depressants in the region of Asia Pacific. Expanding production activities and increasing oil extraction in the region to fuel growth of the pour point depressants in this region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.