Cold Flow Improvers Market Introduction
With continuous increase in petroleum prices, biodiesel has gained huge popularity across the globe. Different techniques have been introduced and utilized to minimize the pour point and cloud point of biodiesel for cold weather operation. Further, rising demand for fuel additives has influenced major companies in the market to introduce enhanced fuel additives that can improve the cold flow properties of diesel and biodiesel. Among cold flow improvers types, the polyalkyl methacrylate is one of the major segments which broadly finds applications in the lubricating oil and finished fuel industry due to its wax inhibition property. Also, at low temperature polyalkyl methacrylate inhibits the formation and deposition of wax crystal in heavy & light vehicles engines. In addition, polyalkyl methacrylate can be blended with aviation fuel and diesel fuel easily.
Growth in automotive industry, introduction of stringent government regulations across the globe, and increasing demand for ultra-low sulfur diesel is projected to expand the global cold flow improvers market size at a significant rate. In contrast, huge investment on research and development activities to introduce advanced and environment-friendly cold flow improvers and increasing uptake of alternative products in the market is anticipated to hamper the expansion of the global cold flow improvers market growth to a certain extent, over the forecast period.
The global cold flow improvers market is segmented based on type, application, end user, and region.
By type, the cold flow improvers market is analyzed across Ethylene Vinyl Acetate, Polyalkyl Methacrylate (PAMA), and Polyalpha Olefin segments. Based on application, the cold flow improvers market is segmented into aviation fuel, diesel fuel, lubricants, and others. End users in the cold flow improvers market are aerospace, automotive, and other industries. By region, the cold flow improvers market is analyzed across six major geographies such as Latin America, Eastern Europe, North America, Western Europe, Middle East and Africa, and Asia Pacific. In terms of spending, the Asia Pacific cold flow improvers market is anticipated to expand at the highest CAGR during the forecast period owing to favorable economic growth and improving finished fuel refining capacity in the region.
Cold Flow Improvers Market Competitive Landscape
Major companies in the cold flow improvers market are inclined towards forming strategic joint venture with leading oil companies in order to improve their business capabilities and increase customer base. Further, key players in the cold flow improvers industry are aimed at expanding their regional presence to meet the local market demand and improving their marketing and support services. Prominent players analyzed in the market are Afton Chemicals, Baker Hughes, BASF, Bell Performance, Cestoil Chemical, Chevron Oronite, Clariant AG, Drof Ketal, Ecolab, Evonik Industries, Infineum International Limited, Innospec, Lubrizol Corporation, and Tianhe Chemicals among others.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on cold flow improvers market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.