Pour Point Depressants Market Revenue is Expected to Reach US$ 2,461.4 Mn by 2028
Verfasser: pradnya_86 on Sunday, 13 May 2018Future Market Insights (FMI) has published a new research report on pour point depressants. The report has been titled “Pour Point Depressants Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028.” The growth in the automotive industry has provided the global pour point depressants market a substantial push towards development. The growing oil trade and consumption across cold regions has triggered the demand for pour point depressants.
The exploding population will translate to a rise in the demand in the automobile and industrial sectors. This tremendous rise in demand will escalate the consumption of pour point depressants based products across the globe. In order to meet the increasing requirements of consumers, companies operating in the global market are pulling up their socks and are entering into mergers and acquisitions in order to expand their consumer base and also facilitate product expansion. In 2017, BASF PETRONAS Chemicals started a new plant for the engineering of HR-PIB, an important intermediate used in the manufacturing of high performance fuel and lubricant additives. The annual capacity of the company’s plant in Gebeng, Kuantan, Malaysia is 50,000 MT.