The automotive industry in China is pushing PPD volumes across the Asia Pacific region
PPDs in action Image: Oronite |
The market for Pour Point Depressants (PPDs) is slated to grow to $1.4bn by 2020, according to a new report from MarketsandMarkets, and will be driven by China’s rising automotive sector.
Asia Pacific accounted for more than 30% of global market share in volume in 2014, the majority of which was fuelled by China, already the fastest growing market for PPDs in the region.
PPD growth was not only driven by the vast scale of the Chinese automotive market, but also due to high growth in demand for superior oil and gas products in the region.
According to Lubrizol, a key supplier of additives products to the region, PPDs modify viscosity by preventing wax fractions in base oils from forming large crystal networks that inhibit lubricant flow at cold temperatures, ensuring effective driveline lubricant solutions.