The ‘GlobalCold Flow Improvers Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cold flow improvers market, assessing the market on the basis of its segments like type, application, end use, and major regions.
Cold Flow Improvers Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021):USD 930 million
• Forecast CAGR (2023-2028):5.7%
• Forecast Market Size (2027):USD 1,296.98 million
|Market Size in 2021||USD 930 million|
|Revenue Forecast in 2027||USD 1,296.98 million|
|Growth Rate CAGR||5.7%|
|Major Players||Ecolab Inc., Clariant International Ltd, BASF SE, Afton Chemical Corporation, Evonik Industries AG, and Infineum International Ltd., among others.|
The global cold flow improvers market is expected to register growth during the forecast period on account of the growing automobile industry. Rising disposable income and investments across the automobile industry is driving the demand for personal vehicles.
The increase in automotive sales is positively influencing the demand for cold flow improvers that aid lubricant additives in supporting low-temperature specifications for diesel fuels. This is likely to contribute to the growth of 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.
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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.
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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 positively influencing the sales of lubricant additives in the worldwide automotive industry and is likely to fuel the market growth of cold flow improvers.
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 report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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