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Surging Automobile Manufacturing Fueling Demand for Pour Point Depressants
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Owing to their extensive requirement in several industries, many organizations are making huge investments in research and development (R&D) projects aimed at developing various types of PPDs. For example, many organizations operating in various industries such as automotive and oil & gas are conducting R&D activities for developing poly alpha olefins (PAO) which are then used for producing PPDs, on account of their ability to improve the low-temperature viscosity and modify the crystallization behavior. These kinds of projects are generating lucrative growth opportunities for the players operating in the pour point depressant market.
Across the globe, the demand for PPDs was observed to be the highest in the Asia-Pacific (APAC) region during the last few years.
Furthermore, the pour point depressant market will exhibit rapid expansion in the APAC region in the upcoming years as well, as per the estimates of P&S Intelligence, a market research company based in India. This is attributed to various factors such as the rising urbanization rate, improving living standards of people, and launch of several infrastructural development projects, especially in the developing countries of APAC such as China and India.
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Thus, the demand for pour point depressants will surge sharply across the world in the upcoming years, mainly because of their growing requirement in the lubricant, automotive, and oil & gas industries and the huge investments being made in the development of advanced variants.
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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