According to Fact.MR, a supplier of market research and competitive intelligence, the global sales of cold flow improvers are anticipated to reach a value of more than US$ 767.9 Mn by 2022 and grow at a strong CAGR of about 6.4% by value during the assessment period.
Due to their capacity to stop diesel fuel from crystallizing even near its cloud point, cold flow improvers are experiencing an increase in demand on a global scale. By altering the shape and size of wax crystals that precipitate out of fuel at low temperatures, also has the power to improve fuel operability. These characteristics of cold flow improvers are increasing consumer demand for them.
Because of their consistently colder-than-average winter temperatures, North America and Europe dominate the market for cold flow improvers. Additionally, as people become more environmentally conscious, they are using diesel and biofuels more frequently, which will support the market for cold flow improvers. By 2032, the market for cold flow improvers is anticipated to be worth US$ 1,417 Mn.
Key Market Study Conclusions
• During the projected period, ethylene vinyl acetate is anticipated to provide an absolute dollar opportunity of about US$ 278.1 Mn.
• While the diesel fuel segment is anticipated to maintain its dominance during the projection period, the lubricating oil segment of cold flow improvers is anticipated to rise by 1.8X.
• In terms of end-use, automotive is anticipated to have more than 56.1% of the market share for cold flow improvers in 2032.
Key Companies Profiled
- Clariant AG
- BASF SE
- Evonik Industries AG.
- Chevron Oronite
- AkzoNobel N.V.
- Baker Hughes Inc.
- Afton Chemical
- Infineum International Limited
- AICELLO CHEMICAL CO. LTD
- Bell Performance, Inc.