Cold Flow Improvers Market Analysis by Top Companies, Driver, Existing Trends and Global Forecast by 2023
The global Cold Flow Improvers Market is estimated to be USD 605 million in 2018 to USD 806 million by 2023, at a CAGR of 5.9% during the forecast period. The cold flow improvers market is segmented on the basis of end-use industry as automotive, aerospace & defence, and others.
Lubrizol Corporation (US), Chevron Oronite (US),
Clariant AG (Switzerland), Afton Chemicals (US), BASF SE (Germany), Innospec
(US), Evonik Industries AG (Germany), Infineum International Limited (UK), and
Baker Hughes (US) are the leading cold flow improvers manufacturers, globally.
These companies adopted expansion and partnership as their major business
strategy between January 2015 and August 2018 to stay competitive in the cold
flow improvers market.
Lubrizol Corporation (US) is one of the leading
players in the cold flow improvers market. The company has been focusing on
both organic and inorganic strategies to maintain its leading position in the
market. For example, in March 2017, the company entered into a 50-50 joint
venture with India Oil Corporation and formed Lubrizol India Private Limited
(LIPL). LIPL manufactures and markets additive systems for automotive and
industrial lubricants. This expansion helped the company to expand its reach in
the untapped APAC market and strengthen its position in the cold flow improvers
market.
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=22248854
Infineum International Limited (UK) is another
major player in the cold flow improvers market. In January 2017, the company
announced the establishment of its first wholly-owned enterprise, Infineum
India Additives Private Limited (IIAPL) in Mumbai, India. This focuses on the
marketing and business development of the company in India and to expand its
reach in the untapped market.
The ethylene vinyl acetate segment is projected to
account for the largest share during the forecast period.
The ethylene vinyl acetate segment is projected to
account for the highest share of the overall cold flow improvers market during
the forecast period. Ethylene vinyl acetate is widely used in the oil industry
as they offer properties such as wax deposition inhibition at low temperature
which inhibits the formation and deposition of wax crystal in heavy & light
vehicles engines.
Diesel fuel is estimated to be the largest
application of cold flow improvers in 2018.
On the basis of application, diesel fuel is
projected to be the largest as well as fastest-growing application during the
forecast period. This is due to the increasing demand for high-performance fuel
from the automotive industry and the adoption of biofuel mandates by various
countries to reduce the consumption of petroleum products.
The automotive end-use industry is projected to
account for the largest share of the market.
Based on end-use, the automotive end-use industry
led the demand for cold flow improvers, accounting for the largest share of the
overall market. The segment is also projected to be the fastest-growing end-use
industry of cold flow improver during the forecast period due to increasing
demand for cold flow improvers as fuel additive and stricter fuel
specification.
Do Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=22248854
Diesel fuel is estimated to be the largest
application of cold flow improvers in 2018.
On the basis of application, diesel fuel is
projected to be the largest as well as fastest-growing application during the
forecast period. This is due to the increasing demand for high-performance fuel
from the automotive industry and the adoption of biofuel mandates by various
countries to reduce the consumption of petroleum products.
The automotive end-use industry is projected to
account for the largest share of the market.
Based on end-use, the automotive end-use industry
led the demand for cold flow improvers, accounting for the largest share of the
overall market. The segment is also projected to be the fastest-growing end-use
industry of cold flow improver during the forecast period due to increasing
demand for cold flow improvers as fuel additive and stricter fuel specification
Read More Insights At https://www.marketsandmarkets.com/PressReleases/cold-flow-improver.asp
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship
competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment