As per industry analysis by Fact.MR – market research and competitive intelligence provider, the global cold flow improvers market is estimated to exceed a valuation of US$ 767.9 Mn by 2022, and to expand at a significant CAGR of close to 6.4% by value over the assessment period.
The global cold flow improvers market is gaining pace due to its ability to prevent diesel fuel from crystalizing even at its cloud point. It also has the capacity to increase fuel operability by changing the form and size of wax crystals that precipitate out of the fuel at low temperatures. These properties of cold flow improvers are escalating their demand in the market.
The cold flow improvers market is dominated by North America and European regions because of its lower than the average cold temperature all-round the year. In addition, the rising environmental awareness is increasing adoption of biofuels and diesel which will underpin the growth of cold flow improvers market. The global cold flow improvers market is expected to reach US$ 1,417 Mn by 2032.
In contrast, the diesel-powered cars sale is experiencing a decline against the increasing demand for electric vehicles. The European diesel cars marked 34% of market share of the overall vehicle market in 2019. This fraction is further dropping which might offer challenges in growth of cold flow improvers market.
Key Takeaways from Market Study
- Ethylene vinyl acetate is expected to garner an absolute $ opportunity of nearly US$ 278.1 Mn during the forecast period.
- Lubricating oil segment of cold flow improvers is projected to grow 8X during forecast period, while, diesel fuel segment is expected to continue its dominance during the forecast period
- Based on end-use, automotive is projected to dominate cold flow improvers market by accounting for over 56.1% of the market share in 2032.
“Cold Flow Improvers is expected to reach US$ 1.4 Bn by 2032 end due to its great adoption in cold regions and surging demand of biofuel/diesel fuel” says a Fact.MR analyst.
Winning Strategy
North America and Europe are likely to be the most prominent regions from the demand side owing to cold weather. Also, the greater acceptance of biofuels/diesel fuel across the globe is likely to open new doors for manufacturers during the assessment period. In addition to this, manufacturers have several opportunities to follow inorganic growth strategies such as a merger, partnerships and collaboration to expand in the North American region. The adoption of inorganic growth strategies will lead to establishing a strong consumer base which is poised to help for cash flow generation activities in near future.
More Valuable Insights
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), end-use (automotive, aerospace & defence, other end-uses) across five major regions (North America, Latin America, Europe, APAC, MEA).
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