In a new business intelligence report, Persistence Market Insights (PMR) analyzes the global market of cold flow improvers and offers valuable insights on the market development in accordance with various key segments for the historical period of 2013-2017 and forecast period between 2018 and 2027. The main objective of the report is to analyze the market dynamics such as drivers, restraints, and latest trends to identify growth opportunities present in the global market of cold flow improvers. For better understanding, the report details in-depth insights related to each segment of the global cold flow improvers market.
The report provides comprehensive analysis and key information on the development of global cold flow improvers market in terms of value, volume, and year-over-year (y-o-y) growth rate of its segments. To offer extensive insights on the global cold flow improvers market, the report covers value chain analysis, competitive analysis, and key players with an overview of their important development strategies. An attractive index of several market segments provided in the report demonstrates popularity and attractiveness of cold flow improvers market based on critical parameters such as CAGR and incremental opportunity.
Global Cold Flow Improvers Market Segmentation
On the basis of product type, the global cold flow improvers market has been segmented into:
On the basis of end use, the global cold flow improvers market has been segmented into:
To provide insights on the relative contribution of each segments to the overall growth of global market of cold flow improvers, the business intelligence report assesses both historical and current size of the market. In addition, it includes latest trends, y-o-y growth rate, and attractive analysis of different segments of the global market of cold flow improvers.
The elaborative assessment of the global cold flow improvers market for the forecast period of 2018-2027 also provide the report audience with regional analysis that includes value share analysis and impact analysis of drivers and recent trends of each segment that promote the growth of cold flow improvers market across six key regions and their respective countries.
Regional segmentation of the cold flow improvers market include:
To estimate the total volume of the global cold flow improvers market, a thorough research was conducted which was then validated by industry experts and key stakeholders through interviews. Perspectives of these experts are thoroughly analyzed and the average volume of cold flow improvers market is deduced and confirmed prior to including into the report.
The forecast presented in the business intelligence report estimates the overall revenue generated across many segments of global cold flow improvers market. To provide an accurate forecast, the global market study of cold flow improvers is initiated by sizing the current market which helps predict the future expansion of global cold flow improvers market. Further, to understand the market predictability and to identify the potential growth prospects across various segments, analysis of the global cold flow improvers market in terms of key parameters such as y-o-y growth rates and market attractiveness are taken into consideration.
Each segment of the global market of cold flow improvers is analyzed in terms of basis point share (BPS) to estimate their relative contribution to the overall growth of the market. Another important feature considered in the study is the segmental analysis of the global cold flow improvers market in terms of absolute dollar opportunity.
In the final section, the report provides a dashboard view of leading players participating in the global market of cold flow improvers for comparing the current industrial scenario and their relative contribution to the growth of global cold flow improvers market. The report is primarily designed to offer the readers an objective and comparative assessments of leading providers specific to individual segment of cold flow improvers market. Report audience can further gain elaborative insights on segment-specific suppliers that help identify and evaluate leading competitors based on their capabilities and success in cold flow improvers market.
Paraffins, comprising up to 30% of diesel fuel, contain waxy crystals that become visible and cause operability issues when the fuel temperature lowers, leading to blockage of fuel liners and filters. The temperature at which these crystals are visible is called ‘cloud point’, while the lowest temperature at which fuel will flow is called ‘pour point’. High pour point fuels may lead to various issues such as formation of wax that disrupts process lines, blockage of pipelines, and solidification in storage tanks.
Cold flow improvers are specific kind of diesel fuel treatment used to improve the low temperature performance of these fuels. They are widely used in a number of lubricant and oil & gas applications, owing to their ability to control the formation of wax crystals in process units and pipelines. Rising scope of application is one of the key factors propelling cold flow improvers market growth.
The global cold flow improvers market is expected to attain a valuation of US$ 980.8 million in terms of revenue by the end of 2018, growing at a promising CAGR of 5.2% over the assessment period of 2018-2027. The global cold flow improvers market is foreseen to cross a value of US$ 1.5 billion by 2027-end, while representing an incremental opportunity of US$ 563.18 million during the forecast period.
Cold Flow Improvers Market Gains Supported by Escalating Demand in Automotive Industry
Economic growth, mass urbanization, and rapid industrialization in various regions across the globe are the key factors driving the growth of automotive industry. Rise in automotive sales has been directly influencing the demand for cold flow improvers that help lubricant additives to meet low-temperature specifications for diesel fuels, which in turn will possibly contribute significant growth to the cold flow improvers market.
Between 2016 and 2017, the total automotive production has increased from 95.6 million units to 96.2 million units, indicating a year on year growth in the demand for automobiles in the global market. This is one of the important factors fueling the growth of cold flow improvers market. With rising demand for automobiles on the coattails of growing disposable income, several global investors are heavily investing in automotive industry, which in turn is likely to augment the growth of global cold flow improvers market. Further, continued focus of automobile manufacturers on improving the production output to cater the global demand is anticipated to complement the expansion of cold flow improvers market in the near future.
Emergence of Bio-based Lubricants to Create Lucrative Opportunities for Cold Flow Improvers Market Players
Growing concerns regarding environmental issues and carbon footprint has been prompting lubricant manufacturers to focus on the use of bio-based oils or vegetable oils as raw materials. This has resulted in reduced performance penalty at an affordable cost, which influenced the manufactures to boost their production to meet the ever-rising consumer demand. Increasing adoption of bio-based lubricants is expected to translate into robust growth of cold flow improvers market. They have further lowered the dependence on petroleum-based raw materials which is likely to create potential growth opportunities for key manufacturers of cold flow improvers.
Diversifying Application of Cold Flow Improvers Trending the Global Market
Cold flow improvers are required to be customized with respect to the base oil. Similar nature of application may also need different types of cold flow improvers in accordance with the product specification. In addition, disruption in oil supply has been influencing oil makers to find alternatives for base oils which require different cold flow improvers. This factor is considered to be one of the recent trends in the global cold flow improvers market.
Cold Flow Improvers Market – Competitive Landscape
BASF SE, Ecolab, Chevron Corporation, Bell Performance, Inc., Baker Hughes Inc., Evonik Industries AG., Infineum International Limited, The Lubrizol Corporation, Afton Chemical, AkzoNobel N.V., Clariant AG, ADCO Global Inc., AICELLO CHEMICAL CO. LTD, ACE Geosynthetics Enterprise Co., Ltd., International Fuel Technology, Inc., Chemtura Corporation, and Cerion Energy Inc. are among the leading players operating in the global cold flow improvers market.