The ‘Global Cold Flow Improvers Market‘ Size, Report and Forecast 2022-2027’ published by Expert Market Research provides a thorough analysis of the global cold flow improvers market. The report evaluates the market based on its segments including type, application, end use, and significant geographical locations.
Cold Flow Improvers Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The Key Highlights of the Report
Market Overview (2017-2027)
Historical Market Size (2021): USD 930 million
Forecast CAGR (2022-2027): 5.7%
Forecast Market Size (2027): USD 1,296.98 million
The global cold flow improvers market is likely to grow during the projected period on account of the rising automobile sector. Rising disposable income and investments across the automobile industry is driving the demand for personal vehicles.
The rise in automotive sales is directly influencing the need for cold flow improvers which help lubricant additives maintain low-temperature standards for diesel fuels. This will certainly help improve the cold flow improvers market. The growing focus of automobile manufacturers on enhancing production capacity to meet the rising demand is further expected to increase market growth across the globe.
Based on type, the ethylene vinyl acetate segment is expected to witness growth in the cold flow improvers market as it has the element of wax deposition inhibition at low temperatures in light and heavy vehicle engines.
An upsurge in the concerns regarding the environment along with the reduction of fossil fuel usage have resulted in the development of more viable and feasible fuel sources. This is likely to generate a substantial space for cold flow improver producers to enhance their expansion and profitability globally.
Cold Flow Improvers Industry Definition and Major Segments
A cold flow improver, also known as anti-gel, is an additive that is used as a diesel fuel treatment to improve the flow of diesel and prevent gelling in cold weather. It acts on the wax crystals that form in low temperatures, modifying their size and shape to enable them to pass smoothly through fuel filters.
Based on type, the market is segmented into:
- Ethylene Vinyl Acetate
- Fluorocarbon Vinyl Acetate
- Polyalpha Olefin
- Polyalkyl Methacrylate
By application, the market is classified into:
- Aviation Fuel
- Lubricating Oil
- Marine Fuel
On the basis of end use, the market is classified into:
- Commercial Aviation
Based on region, the market is divided into:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Cold Flow Improvers Market Trends
The rising disposable income among consumers is likely to encourage investors to substantially invest in the automotive industry. The surging demand for vehicles has urged automobile manufacturers to increase production output. This has been improving the global automotive industry’s lubricant additive sales, and it will probably continue to do so as the market for cold flow improvers grows.
Regionally, North America is anticipated to gain momentum over the coming years in the cold flow improvers market growth on account of the cold weather in significant parts of the region and high consumption of the product for fuel oil. With the increase in the demand for vehicles in the region, the market growth of cold flow improvers is likely to enhance over the coming years, especially in Canada and the United States.
Key Market Players
The major players in the cold flow improvers market report are:
- Ecolab Inc.
- Clariant International Ltd
- BASF SE
- Afton Chemical Corporation
- Evonik Industries AG
- Infineum International Ltd.
The most recent changes in the market are examined in the research, along with their influence on other markets. In addition to its pricing and demand indicators, it also evaluates market demand. The SWOT and Porter’s Five Forces Models are also used in the research to track the market.
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