Cold flow improvers are mostly sought after for their ability to avoid wax formation in process units and pipelines when fuel temperature lowers, especially in industries that depend on lubricants and oil & gas sectors. According to a new report on global cold flow improvers market published by Persistence Market Research (PMR), the market is estimated to witness a year on year (Y-o-Y) revenue growth of 4.6%, projecting to attain one billion dollar mark in 2019. The global consumption of cold flow improvers has been envisaged to surpass 300,000 tons in terms of volume by 2019-end.Request for Report Sample@ [URL]https://www.persistencemarketresearch.com/samples/27697[/URL]
Europe’s strong automotive industry, which is projected to cross a value of US$ 260 million in 2019, may directly impact the growth of cold flow improvers market in the region. Moreover, Europe is anticipated to account for 40% share of cold flow improvers market in the automotive segment over the forecast period.
Among end-use industries, automotive sector is likely to contribute a revenue of more than US$ 260 million to the cold flow improvers market. Increasing automotive production and sales worldwide has been accelerating the demand for lubricant additives, which is subsequently pushing the growth of cold flow improvers market. Global sales of cold flow improvers is likely to gain speedy momentum in the coming years, with consumer shift toward premium quality lubricant additives for better engine performance.
Cold Flow Improvers Market Players Eye China as Highly Lucrative Country
China, the world's leading automobile producer, is anticipated to present lucrative opportunities for key players operating in the cold flow improvers market who are focusing on improving their foothold in the emerging economies. Growing net vehicle parc and expanding fleet size are likely to be the demand driving determinants of cold flow improvers in China. Growth of China cold flow improvers market can also be attributed to significant economic growth along with robust development in the aviation infrastructure.
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Opportunities Abound for Key Players in the Cold Flow Improvers Market
In order to cater the ever-increasing regional demand, several companies producing cold flow improvers are focusing on expanding production capacity and manufacturing units in high demand regions. Further, they are targeting organic & inorganic methods such as M&A and joint ventures to strengthen their presence in the global market of cold flow improvers. In addition, emerging trends of adopting bio-based oils or vegetable oils as sustainable raw materials which not only help improve the environmental issues but also add cost and performance benefits will possibly impact the market growth.