DALLAS, July 24, 2015 /PRNewswire/ --
The report "Pour Point Depressants Market by Chemistry (polyalkylmethacrylates, styrene esters, ethylene co vinyl acetate, poly alpha olefin, and others), by End User (Lubricant Industry and Oil & Gas Industry) & by region - Global Trends & Forecasts to 2020" published by MarketsandMarkets, the market defines and segments the pour point depressant market with analysis and forecast of the market size. The global PPD market is projected to reach USD 1.4 Billion till 2020
Browse 138 market data Tables and 56 Figures spread through 197 Pages and in-depth TOC on "Pour Point Depressants Market"
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Asia-Pacific: The biggest market for pour point depressants
The Pour Point Depressants (PPDs) Market in Asia-Pacific is projected to register the fastest growth mainly due to the presence of emerging economies such as China and Indonesia. Asia-Pacific is the biggest market for PPDs, and accounted for a share of more than 30% of the global market share in terms of volume in 2014 which was majorly contributed by China. China is estimated to be the fastest-growing market for PPDs in the region owing to increasing population, vast economies, the rising automotive industry as well as growing industrialization leading to a higher growth in the lubricant and oil & gas industry and at the same PPDs market as well.
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Automotive: The fastest-growing industry for pour point depressants
The automotive segment is the fastest-growing industry of PPDs. North America and Asia-Pacific are currently the largest consumers of PPDs for automobile sector, and accounted for a share of about 65.6% and 43.8% of the total market size in 2014. PPDs are mainly used in lubricants for improving the machine or engine performance so that the oil has improved viscosity, the prime areas of application in automobiles are gear oils, engine oils, hydraulic fluids, driveline fluids, and brake oils.
Lubricants industry (by chemistry and by end user industry): The largest market for pour point depressants
The lubricant industry is one of the largest end-user industries of PPDs by chemistry and by end user industry as well and this trend is projected to continue in the near future. Asia-Pacific is the biggest market for the lubricant industry, and accounted for a share of 59.9% in chemistry segment, and 58.3% in end user industry segment in 2014. China is estimated to be the fastest growing market for PPD, followed by Indonesia, India, Japan, and South Korea for the lubricant industry in the region.
The U.S. and China are at the forefront of PPDs in terms of volume, while Germany, Canada, India, and Indonesia are other key markets for PPDs consumption. China is the key market in Asia-Pacific, consuming more than half of the demand for the PPDs, followed by Indonesia, India, and South Korea where consumption is increasing at a moderate rate.
The automotive industry is projected to be the fastest-growing application segment followed by the industrial and marine industry between 2015 and 2020.
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