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The pour point depressant market has witnessed significant growth in recent years and this growth is projected to persist in the coming years. PPDs are widely used in the lubricant industry and oil & gas industry to enhance pour point and flow characteristics for effective handling of crude oil in transportation, storage, and processing. They are also widely used as additives in mineral oil lubricants and in middle distillates such as diesel and kerosene. The pour point depressant market is driven by increased growth in the automotive industry and also the refining activities and capacity across the world. The growth of the lubricant industry is coupled with rapid industrialization in economies such as U.S., China, and Japan. The increasing demand for API Group II and III base oils is another factor that is positively influencing the market growth.
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Pour Point Depressants Market Size, Share, Price, Demand, Forecast 2021-2026
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Pour Point Depressants Market Size, Share, Price, Demand, Forecast 2021-2026

The global pour point depressants market is expected to grow at a CAGR of 4% in the forecast period of 2021-2026 as per the latest report published by expert market research.