Cold Flow Improvers Market is demanded globally by top key players like Ecolab, Chevron Oronite, Clariant AG | Forecast To 2028

According to the report by Quince Market Insights, the Cold Flow Improvers Market is expected to promise high growth owing to the growing demand for ultra-low-sulfur diesel in recent years. Rising demand from applications including automotive, aerospace & defense, and others is expected to drive market growth.

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Due to the fuel's paraffin wax content, Diesel fuel users face the problem of clogged fuel filters during winters. In winter the fuel cools down to its cloud point temperature, as a result of which the fuel's wax content begins to spill out of the suspension.

Segmentation for better understanding of this market and its growth prospects

Rising environmental and carbon footprint concerns have driven oil makers to use bio-based oils or vegetable oils as raw materials. This has resulted in a decline in the performance penalty at a moderate cost, which has allowed producers to increase their production to meet consumer demand. They have additionally brought down the reliance upon petroleum-based crude materials, which is expected to create an opportunity for key manufacturers of cold flow improvers.
Due to wax deposition in cold temperatures inhibiting the formation of wax on the walls of diesel engines and pipelines of different types of vehicles, the ethylene-vinyl acetate type segment of the market is expected to grow at a steady rate during the forecast period.

Important Factors Impacting Market Growth:

o Growing demand for ultra-low-sulfur diesel
o Increasing demand and sales of automotive
o Stringent specifications to add additives to fuels
o Rising demand for alternative fuels

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Ecolab
2. Chevron Oronite
3. Clariant AG
4. BASF
5. Afton Chemicals
6. Baker Hughes
7. Infineum International Limited
8. Innospec
9. Evonik Industries

Significant Developments

o In March 2016, Infineum International Limited started the production of lubricant additives at its new blending plant at Zhangjiagang, China. This expansion was a result of the rising demand for lubricant additives in the APAC region, specifically China and India.
o In January 2017, Infineum International Limited (UK) announced the establishment of its first fully-owned enterprise, Infineum India Additives Private Limited, in Mumbai, India.
o In March 2016, Lubrizol Corporation (US) and Indian Oil Corporation entered into a 50-50 joint venture named Lubrizol India Private Limited (LIPL).

At LIPL, they produce as well as market additive systems for industrial, automotive lubricants.

Insights about regional distribution of market:

Based on region, the cold flow improvers market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, etc. Major North American and Western European companies are headquartered in this market. These regions have witnessed the number of transitions from end-use industries regarding the production of chemicals and their respective applications.

During the forecast period, the Asia Pacific and the Middle East are expected to register significant growth in the cold flow improvers market. This demand is for the growth of major end-use industries/applications such as ABS, EDE, AHDHE (Check with Industry / Applications End-Use). Major Asia-Pacific countries include China, South Korea, Japan, India, Australia, etc.

With operations by major chemical giants in the region, Eastern Europe was dominated largely by Russia and Turkey. Rest the World that includes South America and Africa has a strong potential for the cold flow improvers market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the cold flow improvers market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Market Segmentation:

By Type:
Polyacrylates
Ethylene Vinyl Acetate
Polyalkyl Methacrylate
Fluorocarbon Vinyl Acetate

By Application:
Automobile
Aerospace & Defense
Others

By Region:
North America
By Country (US, Canada, Mexico)
By Type
By Application
Western Europe:
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Type
By Application
Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Application
Asia Pacific
By Country (China, Japan, India, Rest of Asia Pacific)
By Type
By Application
Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Type
By Application
Rest of the World
By Region (South America, Africa)
By Type
By Application

Reasons to Buy This Report:
o Market size estimation of the global cold flow improvers market on a regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.