MarketResearch.biz announces publication of its most recently generated research report titled, "Global Cold Flow Improver Market", which offers a holistic view of the global cold flow improver market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017-2021) is projected to be US$ 1.9 Bn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Cold flow improver prevents the gelling/crystallization of diesel fuel and biodiesel during cold weather and temperatures. Among all the application segments, automobile segment is projected to register highest CAGR of over 6% owing to rising demand for diesel automobiles in the regions such as Europe and North America, coupled with cold climatic conditions are major factors expected to demand for cold flow improver over the forecast period.
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Global Cold Flow Improver Market: Market Dynamics
Major factors driving growth of the global cold flow improver market are increasing demand for biodiesel for refinery and vehicle applications. Increasing awareness about depletion of fossil fuel resources and environment-related issues, is resulting in exploration of more viable and sustainable fuel resources. Biodiesel has become a more attractive option in recent years as an alternative to conventional fuels.
Growing demand for diesel fuel as rapid economic growth in certain countries has resulted in growing demand for power/electricity and transportation. As a transportation fuel, diesel offers performance, efficiency, and is also safer as other combustible fuels. Diesel also has a greater energy density than other liquid fuels, so it provides more useful energy per unit of volume. Diesel, as a fuel, plays a vital role in meeting the growing power demand.
Impact of climatic conditions is one of the major factors fueling growth of the cold flow improver market is climatic conditions in certain regions and countries. Some countries in the northern hemisphere such as Canada, the UK, parts of the US, etc. experience climatic conditions enough to reach temperatures required for the formation of crystals in certain fuels, which in turn would impact the functionality of machines and engines. This is resulting in rising demand for cold flow improver in these regions/countries, and is expected to continue according to the climate.
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Global Cold Flow Improver Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global cold flow improver market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global cold flow improver market is expected to expand at a moderate CAGR of 5.7% during the forecast period.
Global Cold Flow Improver Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region. The type segment includes polyacrylates, polyalkyl methacrylate, ethylene vinyl acetate, and fluorocarbon vinyl acetate. The application segment includes automobile, aerospace & defense and others. The regions covered in the analysis are North America, Europe, China, Japan, South America, India, Middle East & Africa, and Rest of the World.
By type: Ethylene vinyl acetate segment is estimated to register a CAGR of over 6%, in addition to accounting for highest revenue share among the type segments.
By application: Automobile segment is estimated to account for highest revenue share among the application segments, registering a CAGR of over 6% over the forecast period.
By region: The market in Europe accounted for highest revenue share in the global cold flow improver market in 2016, and is expected to record CAGR of over 6 % between 2017 and 2026.
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Global Cold Flow Improver Market: Competitive Analysis
The research report on the global cold flow improver market includes profiles of major companies such as Afton Chemical Corporation, BASF S.E., Evonik Industries AG, Huntsman International LLC., AkzoNobel N.V, Baker Hughes Incorporated, Chemtura Corporation, and Innospec Inc.
The Global Cold Flow Improver Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017-2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global cold flow improver market for 2017-2026.
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