NEW
YORK, June 28, 2024 /PRNewswire/ -- The
global polymethacrylate in vii and pour point depressant (PPD)
market size is estimated to grow by USD
378.5 mn from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 3.2% during the
forecast period. Increasing demand for high-performance
lubricants is driving market growth, with a trend
towards increasing demand for fuel-efficient vehicles.
However, volatility in raw material prices poses a
challenge. Key market players include Additive-Chemie Luers GmbH
and Co. KG, American Hitech Petroleum and Chemicals Inc., DANA
Lubricants Factory LLC, Evonik Industries AG, Functional Products
Inc., Infineum International Ltd., Jinzhou Kangtai Lubricant
Additives Co. Ltd., Jinzhou Runda Chemical Co. Ltd., Kusa Chemicals
Pvt Ltd., Mitsubishi Chemical Group Corp., NewMarket Corp., Nouryon
Chemicals Holding BV, RX Marine International, Ter Group, The
Lubrizol Corp., and Zhengzhou Chorus Lubricant
Additive Co. Ltd. .
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this
report
Polymethacrylate in
VII and Pour Point Depressant (PPD) Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.2%
|
Market growth
2024-2028
|
USD 378.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.06
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
47%
|
Key
countries
|
China, US, Japan,
Germany, and France
|
Key companies
profiled
|
Additive-Chemie Luers
GmbH and Co. KG, American Hitech Petroleum and Chemicals Inc., DANA
Lubricants Factory LLC, Evonik Industries AG, Functional Products
Inc., Infineum International Ltd., Jinzhou Kangtai Lubricant
Additives Co. Ltd., Jinzhou Runda Chemical Co. Ltd., Kusa Chemicals
Pvt Ltd., Mitsubishi Chemical Group Corp., NewMarket Corp., Nouryon
Chemicals Holding BV, RX Marine International, Ter Group, The
Lubrizol Corp., and Zhengzhou Chorus Lubricant
Additive Co. Ltd.
|
Market Driver
The global polymethacrylate market in VII and PPD is
experiencing significant growth due to the increasing demand for
fuel-efficient vehicles. Polymethacrylates function as viscosity
index improvers (VII) in automotive engine lubricants, enhancing
fuel efficiency by minimizing engine friction and wear. Traditional
ICE-based vehicles and emerging electric vehicles both utilize
lubricants containing polymethacrylates. Regulatory initiatives,
such as the European Union's goal to reduce CO2 emissions from new
cars by 37.5% by 2030, further fuel the demand for fuel-efficient
vehicles and, consequently, polymethacrylates. The expanding
automotive industries in emerging markets like China and India, driven by urbanization and rising
incomes, are also anticipated to boost the market for
polymethacrylates as the demand for more fuel-efficient vehicles
increases.
The Polymethacrylate market, specifically in the area of Pour
Point Depressants (PPDs), has seen significant growth in recent
years. Companies are focusing on developing innovative solutions to
enhance the performance of PPDs in various applications. The use of
Crystalline Polymethacrylate (CP) and Liquid Polymethacrylate (LP)
in the oil industry as PPDs is on the rise. These materials help
lower the pour point of heavy oils, enabling easier handling and
transportation in cold climates. Furthermore, the trend towards
using environmentally friendly PPDs is gaining momentum. The demand
for biodegradable and eco-friendly PPDs is increasing due to
growing concerns about the environmental impact of traditional
PPDs. The future of the Polymethacrylate PPD market looks
promising, with continued research and development leading to new
and improved products.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The polymethacrylate market in VII and PPD faces challenges
from volatile raw material prices. Factors such as supply-demand
imbalances, feedstock price changes, economic conditions, and
geopolitical events influence these prices. In 2021, crude oil and
its derivatives, like propylene and ethylene, experienced
volatility due to supply disruptions, demand shifts, and
geopolitical tensions. Key raw materials for polymethacrylate-based
additives, such as methacrylic acid and butyl acrylate, have also
been volatile. Companies like Lubrizol Corp. Have responded with
price increases. Volatility affects profitability, research
investment, and market growth. Companies must adapt through
sourcing strategies or efficient production processes.
- The Polymethacrylate in VII and Pour Point Depressant (PPD)
market faces several challenges. The use of crude oils with high
wax content poses a significant challenge. These crudes require
PPDs to maintain fluidity at low temperatures. However, finding the
right PPD for each crude type is a complex task. Additionally, the
increasing demand for renewable energy sources and the shift
towards electric vehicles may decrease the demand for PPDs in the
oil industry. Furthermore, the high production cost of PPDs is
another challenge. The need for efficient production methods and
cost reduction strategies is crucial for market growth. Lastly, the
regulatory environment and compliance with various standards add to
the complexity of the market.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This polymethacrylate in vii and pour point depressant (ppd)
market report extensively covers market segmentation
by
- Grade Type
- 1.1 Multi-grade
- 1.2 Mono-grade
- End-user
- 2.1 PCMO
- 2.2 HDMO
- 2.3 Industrial hydraulic oils
- 2.4 Automotive gear oils
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Multi-grade-
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Polymethacrylate in VII and Pour Point Depressant (PPD)
market encompasses the production, application, and trade of
polymethacrylate-based products used as additives in various
lubricants. These additives, including Poly alkyl methacrylate
(PAMA), Styrenemaleic anhydride (SMA), Polyoxyethylene lauryl ether
(POE), Ethylene vinyl acetate (EVA), and other polymethacrylates,
play a crucial role in enhancing the performance of lubricants in
heavy machinery applications. They help improve fuel economy,
reduce carbon footprint, and ensure optimal oil flow in extreme
temperatures. PPDs, specifically, are essential in preventing wax
crystals from forming and obstructing oil flow in crude oil and
lubricants, such as engine oils, gear oils, hydraulic fluids, and
base oils. The viscosity and rheology of these lubricants are
significantly influenced by the addition of polymethacrylate-based
additives, ensuring optimal performance in various industrial
applications.
Market Research Overview
The Fuels, Temperature, Polymethacrylate, Oil, Poinyals,
Crystals, Neworks, Gear, Engines, Heavy, Fluids, Drilines, Drive,
Wax, Crystals, Consumers, Portechemicals, Petrochemical, Alkylates,
Polymers, Chemicals, Porters, Analyzes, Styrenes, Ethylene, Vinyls,
Crude, Depressants, Base, Oils, Flows, Heavy, Lubricants,
Polymethacrylate, In Vii, Pour Point Depressant (PPD) market refers
to the industry sector that deals with the production, supply, and
application of Polymethacrylate in Vii and Pour Point Depressants.
These specialized chemicals are used to enhance the performance of
fuels and lubricants by lowering their pour point, enabling them to
flow smoothly even in extreme cold temperatures. Polymethacrylate
in Vii and Pour Point Depressants are essential components in
various industries, including fuel, petrochemical, and lubricant
sectors. They play a crucial role in improving the efficiency and
productivity of these industries by ensuring seamless flow of
fluids even in harsh conditions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Grade Type
-
- End-user
-
- PCMO
- HDMO
- Industrial Hydraulic Oils
- Automotive Gear Oils
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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