Cold Flow Improvers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global cold flow improvers market is witnessing significant growth, poised to achieve a valuation of US$ 1.1 billion in 2024, representing a substantial CAGR of 7.0% during the forecast period of 2024-2031. These findings, along with key market insights, were revealed in a comprehensive market analysis report.

Escalating Demand in the Automotive Industry

The expansion of the automotive industry, driven by economic growth, mass urbanization, and rapid industrialization worldwide, stands as a pivotal factor propelling growth. This surge in automotive sales directly impacts the demand for cold flow improvers, essential for ensuring lubricant additives meet low-temperature specifications for diesel fuels. Consequently, this is expected to significantly contribute to the growth of the cold flow improvers market.

Between 2016 and 2017, global automotive production surged from 95.6 million units to 96.2 million units, showcasing consistent year-on-year growth in automobile demand globally. This uptick serves as a crucial driver for the expansion of the cold flow improvers market.

The increasing demand for automobiles, buoyed by rising disposable income levels, has attracted substantial investments from global investors into the automotive sector. This influx of investment is poised to further fuel growth in the global cold flow improvers market. Additionally, the persistent focus of automobile manufacturers on enhancing production output to meet global demand is expected to complement the expansion of the cold flow improvers market in the foreseeable future.

Emergence of Bio-based Lubricants

The growing apprehensions surrounding environmental issues and carbon footprint have spurred lubricant manufacturers to prioritize the utilization of bio-based oils or vegetable oils as primary materials. This shift has led to a diminished performance penalty at a reasonable cost, prompting manufacturers to ramp up production to meet escalating consumer demands.

The rising acceptance of bio-based lubricants is anticipated to drive substantial growth in the cold flow improvers market. This trend has additionally reduced reliance on petroleum-based resources, presenting promising avenues for key cold flow improver manufacturers.

Diversifying Application of Cold Flow Improvers

Customization of cold flow improvers is necessary based on the characteristics of the base oil used. Even applications with similar requirements may demand different types of cold flow improvers depending on product specifications. Moreover, disruptions in oil supply have prompted oil manufacturers to explore alternative base oils, necessitating the use of different cold flow improvers. This trend is emerging as a recent development in the global cold flow improvers market.

Competitive Analysis

Leading players in the global cold flow improvers market include 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.

Global Cold Flow Improvers Market Segmentation

By Product Type

Polyacrylate
Ethylene Vinyl Acetate
Polyalkyl Methacrylates
Others

By End Use

Industrial
Aerospace
Automotive

By Region

Europe
North America
Latin America
APAC
China
Middle East & Africa

1. Executive Summary

1.1. Global Cold Flow Improvers Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Cold Flow Improvers Market Outlook, 2018 - 2031

3.1. Global Cold Flow Improvers Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Polyacrylate
  - 3.1.1.2. Ethylene Vinyl Acetate
  - 3.1.1.3. Polyalkyl Methacrylates
  - 3.1.1.4. Others
3.2. Global Cold Flow Improvers Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Industrial
  - 3.2.1.2. Aerospace
  - 3.2.1.3. Automotive
3.3. Global Cold Flow Improvers Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Cold Flow Improvers Market Outlook, 2018 - 2031

4.1. North America Cold Flow Improvers Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Polyacrylate
  - 4.1.1.2. Ethylene Vinyl Acetate
  - 4.1.1.3. Polyalkyl Methacrylates
  - 4.1.1.4. Others
4.2. North America Cold Flow Improvers Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Industrial
  - 4.2.1.2. Aerospace
  - 4.2.1.3. Automotive
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Cold Flow Improvers Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Cold Flow Improvers Market Outlook, 2018 - 2031

5.1. Europe Cold Flow Improvers Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Polyacrylate
  - 5.1.1.2. Ethylene Vinyl Acetate
  - 5.1.1.3. Polyalkyl Methacrylates
  - 5.1.1.4. Others
5.2. Europe Cold Flow Improvers Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Industrial
  - 5.2.1.2. Aerospace
  - 5.2.1.3. Automotive
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Cold Flow Improvers Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Cold Flow Improvers Market Outlook, 2018 - 2031

6.1. Asia Pacific Cold Flow Improvers Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Polyacrylate
  - 6.1.1.2. Ethylene Vinyl Acetate
  - 6.1.1.3. Polyalkyl Methacrylates
  - 6.1.1.4. Others
6.2. Asia Pacific Cold Flow Improvers Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Industrial
  - 6.2.1.2. Aerospace
  - 6.2.1.3. Automotive
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Cold Flow Improvers Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Cold Flow Improvers Market Outlook, 2018 - 2031

7.1. Latin America Cold Flow Improvers Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Polyacrylate
  - 7.1.1.2. Ethylene Vinyl Acetate
  - 7.1.1.3. Polyalkyl Methacrylates
  - 7.1.1.4. Others
7.2. Latin America Cold Flow Improvers Market Outlook, by End Use, Value (US$ Bn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Cold Flow Improvers Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Cold Flow Improvers Market Outlook, 2018 - 2031

8.1. Middle East & Africa Cold Flow Improvers Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Polyacrylate
  - 8.1.1.2. Ethylene Vinyl Acetate
  - 8.1.1.3. Polyalkyl Methacrylates
  - 8.1.1.4. Others
8.2. Middle East & Africa Cold Flow Improvers Market Outlook, by End Use, Value

(US$ Bn), 2018 - 2031

8.2.1. Key Highlights
- 8.2.1.1. Industrial
- 8.2.1.2. Aerospace
- 8.2.1.3. Automotive
8.2.2. BPS Analysis/Market Attractiveness Analysis

8.3. Middle East & Africa Cold Flow Improvers Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Cold Flow Improvers Market by Product Type, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Cold Flow Improvers Market by End Use, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by End Use Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. BASF SE

9.4.1.1.Company Overview

9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development

9.4.2. Ecolab, Chevron Corporation
9.4.3. Bell Performance, Inc.
9.4.4. Baker Hughes Inc.
9.4.5. Evonik Industries AG.
9.4.6. Infineum International Limited
9.4.7. The Lubrizol Corporation
9.4.8. Afton Chemical, AkzoNobel N.V.
9.4.9. Clariant AG
9.4.10. ADCO Global Inc.
9.4.11. AICELLO CHEMICAL CO. LTD
9.4.12. ACE Geosynthetics Enterprise Co., Ltd.
9.4.13. International Fuel Technology, Inc.
9.4.14. Chemtura Corporation
9.4.15. Cerion Energy Inc.

10. Appendix

10.1.Research Methodology 10.2.Report Assumptions

10.3.Acronyms and Abbreviations