A cold flow improver is a treatment generally used to prevent fuel from the conversion of liquid fuel into crystallization or semi-liquid substance when temperature decreases. Due to temperature fall in winter, the fuel cools and the fuel containing paraffin wax get out of suspension clogging the fuel filter, that leads to the engine shut down. AS cold flow improvers have important properties such as wax modifiers, anti-settling agents, and wax dispersant. Also, for improving fuel cold flow properties and minimize cold filter plugging point, cloud point and fuel's pour point cold flow improvers are used in fuel and lubricating oil. Instead of other fuel additives, cold flow improver is used to reduce downtime, enhance engine reliability in cold temperatures, avoid gelling of diesel fuel, filter-plugging point, improve low-temperature start ability, inhibit fuel-filter icing, and prevent wax settling during storage.
Global Cold Flow Improvers Market: Key Players
The research study includes profiles of leading companies operating in the global cold flow improvers market. Key players profiled in the report include: Evonik Industries AG, Chemtura Corporation, AkzoNobel N.V, Innospec Inc., Baker Hughes Incorporated, Bell Performance, Inc., Huntsman Corporation, BASF SE, Afton Chemical and Ecolab.
Drivers for the Global Cold Flow Improvers Market:
According to current market condition, factors that drive the growth of the global cold flow improver market are increase in demand for biodiesel for vehicle and refinery applications and demand for environmentally-friendly products. Moreover, the demand for cold flow improvers is driven by the growth in various industries such as aerospace & defense, automotive, and others. Increase in awareness about environment-related issues and exhaustion of fossil fuel resources among the population result in investigation of more sustainable and viable fuel resources. Diesel plays a vital role in meeting the growing power demand. Additionally, effect of climatic conditions also is one of the key factors fueling growth in the global cold flow improvers market in certain regions.
Opportunities for the Global Cold Flow Improvers Market:
Rising demand for diesel due to rapid economic growth in certain countries has resulted in a growing requirement for transportation and electricity. Diesel offers better efficiency, improved performance, and is safer than other combustible fuels. It also has a greater energy density than other liquid fuels. With such a surging demand the rate at which the vehicles are being purchased is rising dramatically. This in turn is propelling the demand for improver fluids, consequently, creating opportunity in the global cold flow improvers market. Also, due to the growth in automotive, mining and oil exploration initiatives, the global cold flow improver market is expected to witness a skyrocketing growth in near future.
Restrains for the Global Cold Flow Improvers Market:
Increase in demand for electric vehicles and governments promoting adoption of electric vehicle is a key factor restraining the cold flow improvers market growth. Moreover, 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.
Region Wise, Global Cold Flow Improvers Market Analysis:
On the basis of region, global cold flow improvers market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all Asia Pacific lead the global cold flow improvers market due to faster economic growth and increasing finished fuel refining capacity are majorly driving the demand for cold flow improvers in the region. Asia pacific region is followed by North America and Europe.
Global Cold Flow Improvers Market: Product analysis
- Ethylene Vinyl Acetate
- Polyalkyl Methacrylate
- Polyalpha Olefin
- Others (styrene esters, oligomerized alkyl phenols, phthalic acid esters & copolymers, and fluorocarbon vinyl acetate)
Global Cold Flow Improvers Market: Application analysis
- Diesel Fuel
- Lubricating Oil
- Aviation Fuel
- Others (marine fuel, heating oil & power generation)
Global Cold Flow Improvers Market: End-Use Industry analysis
- Aerospace & Defense
- Others (industrial, marine, and domestic use)
Global Cold Flow Improvers Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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