Oil & Gas Industry
U.S. EVA Pour Point Depressants Market Size, 2019 & 2025, (Kilo Tons)
For example, President Trump recently signed two executive orders to speed up construction of pipelines and other projects that will effectively enhance transport of oil and natural gas between not only across states but across international borders as well. Pour point depressants market size is likely to receive a boost from such moves as crude oil is often too thick to be transported with ease over long pipelines.
Crudes and heavy fuel oils, being the mixtures of hydrocarbons that range from paraffins, resins and naphthenes to asphaltenes tend to crystallize when cooled down which lead to sedimentation and eventual blockage of pipelines. To keep crude oils moving through pipelines, pour point depressants have to be added to them, which in turn will lend commendable impetus to pour point depressants market size.
The paragraphs listed underneath elaborate on the application spectrum of PPDs. The rising demand for these products across these verticals is that are expected to enhance the pour point depressants market size over 2019-2025:
Application in crude oil transportation:
To elaborate further on use of PPDs in crude oil transportation, it should be mentioned that 20% of all produced crudes have high wax levels and pour points. Most crude oils have to be transported through pipelines that takes them to refineries, processing plant or storage. Among the various technologies that are deployed to conveniently transport crude oil, use of PPDs has proved to be by far the most economical technology.
With PPD manufacturers working with customers to produce more customized products, the pour point depressants market is expected to gain commendable proceeds over the forthcoming years.
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Application in diesel fuels and heating oils:
Chemical characteristics of diesel fuels and heating oil are as such that they contain lower molecular weight paraffins which can demonstrate different cold flow properties. For instance, diesel cuts sourced from Gas to Liquid or Coal to Liquid procedures have higher pour points when compared to crude distillation sourced diesel.
Local requirements and pipeline specifications also sometimes make PPDs inevitable for diesel fuels. In this context, pour point depressant market players often work to develop tailored PPDs that will also serve to augment pour point depressant market size further.
Application in marine fuels:
New sulfur emissions restrictions levied by various governments and agencies on marine vehicles have prompted ship owners who are unable to install costly exhaust treatment equipment to use hybrid fuels which are developed with a blend of heavy and light fuels. Pour point depressants market size has gained a considerable impetus through the development and use of such fuels as these marine fuels have to be brought to Pour Point specification with the use of PPDs.
Pour point depressants industry players who had observed this marine market trend early on have been observed to have invested heavily in better R&D regarding the development of tailored PPD additives for new types of marine diesel. In consequence, this has added a significant stimulus to the use of such fuel types.
Application in automotive sector:
The automotive industry has long since struggled with the problem of waxy buildup as wax is present in almost all refined lubricating oils. Given that the wax crystalizes at low temperatures, preventing the oils from flowing, original equipment manufacturers have invested in numerous research and development programs to find a solution to this problem.
It has been found that most OEMs have come to rely on modern, high-performance lubricants to control viscosity and prevent wear under operating conditions. Pour point depressants have been instrumental in helping lubricants to achieve such a target and have kept automotive fluids flowing even in cold weather. This has provided a major boost to PPD manufacturers and they have been found to come up with newer portfolios of products lately.
With evolving needs in various industries that utilize petroleum and where free flowing oils is a major requirement, PPDs will always find major application avenues. The World Bank has increased its investment in fossil fuel development, with $21 billion being invested between 2014 and 2018. Though the general trend is to increasingly eliminate focus from use of fossil fuels, such investments prove otherwise. A report by Global Market Insights, Inc., forecasts pour point depressants market size to surpass $935 million by 2025.
Author Name :Paroma Bhattacharya