The global Cold Flow Improver Market size was USD 2.49 Billion in 2022 and is expected to reach USD 3.9 Billion in 2032, and register a revenue CAGR of 5.1% during the forecast period. High demand for low-temperature diesel and biodiesel fuels, as well as rising demand for effective fuel additives to enhance the cold flow characteristics of fuels used in the transportation sector are major factors driving market revenue growth.
Rising use of low-temperature diesel fuels, particularly in colder regions where conventional diesel fuels tend to gel and clog fuel filters, resulting in engine shutdowns and operational downtime, is one of the major factors driving revenue growth of the market.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
- BASF SE
- Infineum International Ltd.
- Evonik Industries AG
- The Lubrizol Corporation
- Chevron Oronite Company LLC
- Croda International Plc
- Chevron Phillips Chemical Company
- Afton Chemical Corporation
- Innospec Inc.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Cold Flow Improver market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Cold Flow Improver market?
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Cold Flow Improver Market Segmentation:
Type Outlook:
- Ethylene Vinyl Acetate
- Polyalkyl Methacrylate
- Polyalphaolefin
- Others
Application Outlook:
- Diesel Fuel
- Biodiesel Fuel
- Heating Oil
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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