As per in-depth industry analysis by Fact.MR, a market research and competitive intelligence provider, the global cold flow improvers market has reached a valuation of US$ 767.9 Mn, and is predicted to expand at a significant CAGR of close to 6.4%, by value, over the assessment period (2022-2032).
Consumption of cold flow improvers is gaining pace due to their ability to prevent diesel from crystalizing even at its cloud point. They also has the capacity to increase fuel operability by changing the form and size of wax crystals that precipitate out of fuel at low temperatures. These properties of cold flow improvers are escalating their demand across regions.
The cold flow improvers market is dominated by North America and Europe because of their lower-than-average cold temperature all year round. In addition, rising environmental awareness is increasing adoption of biofuels and diesel, which will underpin market growth of cold flow improvers market.
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In contrast, diesel-powered cars sales are experiencing a decline against increasing demand for electric vehicles. For example, European diesel cars marked 34% market share of the overall vehicle market in 2019. This percentage is further dropping, which might offer challenges to the demand growth of cold flow improvers.
Key Takeaways from Market Study
- Ethylene vinyl acetate is expected to garner an absolute $ opportunity of nearly US$ 278.1 Mn over the forecast period.
- The lubricating oil segment is projected to grow 1.8X, while diesel fuel is expected to continue its dominance over the decade.
- Based on end use, the automotive sector is projected to dominate the market by accounting for 56.1% market share by 2032.
“Cold flow improver sales are expected to reach US$ 1.4 Bn by 2032 due to high adoption in cold regions and surging demand of biofuel/diesel fuel,” says a Fact.MR analyst.
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North America and Europe are likely to be the most prominent regional markets from the demand side owing to their cold weather. Also, greater acceptance of biofuels/diesel fuel across the globe is likely to open new doors for cold flow improver manufacturers over the coming years.
Market players have several opportunities to follow inorganic growth strategies such as mergers, partnerships, and collaborations to expand in the North American region. Adoption of inorganic growth strategies will lead to establishing a strong consumer base, which is poised to help cash flow generation in the near future.
Key Segments of Cold Flow Improvers Industry Survey
- Cold Flow Improvers Market by Product Type :
- Ethylene Vinyl Acetate Cold Flow Improvers
- Polyalkyl Methacrylate Cold Flow Improvers
- Polyalpha Olefin Cold Flow Improvers
- Other Types of Cold Flow Improvers
- Cold Flow Improvers Market by Application :
- Diesel Fuel
- Lubricating Oil
- Aviation Fuel
- Other Applications
- Cold Flow Improvers Market by End Use :
- Aerospace & Defence
- Other End Uses
- Cold Flow Improvers Market by Region :
- North America Cold Flow Improvers Market
- Latin America Cold Flow Improvers Market
- Europe Cold Flow Improvers Market
- East Asia Cold Flow Improvers Market
- South Asia and ASEAN Cold Flow Improvers Market
- Oceania Cold Flow Improvers Market
- MEA Cold Flow Improvers Market
Get a glimpse of the in-depth analysis through our Polyalkyl Methacrylate Cold Flow Improvers Sales Report
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global cold flow improvers market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of product type (ethylene vinyl acetate, polyalkyl methacrylate, polyalpha olefin, other types), application (diesel fuel, lubricating oil, aviation fuel, other applications), and end use (automotive, aerospace & defence, other end uses), across five major regions (North America, Latin America, Europe, APAC, MEA).
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To learn more about Polyalpha Olefin Cold Flow Improvers Demand, you can get in touch with our Analyst.
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