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Cold Flow Improvers Market Share
The key market players include Afton Chemical, AkzoNobel N.V., BASF SE, Clariant AG, Chevron Oronite, Evonik Industries AG. Domiannt market players are adopting various strategems to sustain in the market for a long time and gain competitive advantage over the other competitors. Afton Chemical is constantly emphasizing on innovative approaches and collaborative partnerships with other industry players with to develop fuel and lubricant additives. AkzoNobel, on the other hand, emphasizes sustainability and technological leadership within the coatings and chemicals sector. BASF SE is heavily investing on research-based solutions and forming partnerships across various industries.
Cold Flow Improvers Market Companies
Major players operating in the cold flow improvers industry include:
- Afton Chemical
- AkzoNobel N.V.
- BASF SE
- Baker Hughes Inc.
- Bell Performance Inc.
- Clariant AG
- Chevron Oronite
- Evonik Industries AG
- Innospec
- Infineum International Limited
- Lubrizol Corporation
What is the size of the global cold flow improvers market?
Global market size for cold flow improvers was valued at around USD 800 million in 2023 and is anticipated to register over 5.5% CAGR between 2024 and 2032 driven by the global demand for cleaner and more effective fuels.
Why is North America cold flow improvers market expanding?
North America cold flow improvers industry share was valued at USD 276.3 million in 2023 and is anticipated to generate massive revenues by 2032 as the region is exposed to diverse climatic conditions, including colder regions, which creates a demand for additives to prevent fuel line and filter blockages.
How is diesel fuel impelling the demand for cold flow improvers?
Diesel fuel segment dominated the market share with more than 52% in 2023 and will grow through 2032 due to its versatility in transportation, industrial, and commercial industries.
Who are the key players in the global cold flow improvers industry?
Afton Chemical, AkzoNobel N.V., BASF SE, Baker Hughes Inc., Bell Performance Inc., Clariant AG, Chevron Oronite, Evonik Industries AG, Innospec, Infineum International Limited, and Lubrizol Corporation.