While FMI’s recent intelligence report on the cold flow improver industry scenario provides an extensive market value and volume-wise evaluation through 2027, it also thoroughly explores the geographical and competitive perspective of the cold flow improver landscape for deeper yet precise insights.
CFIs are a type of additive that improves the performance of diesel and gasoline fuels at low temperatures. CFIs function by modifying the wax crystals that form in fuel at low temperatures, which can clog filters and cause fuel flow issues. These additives work by lowering the pour point (the temperature at which a fuel stops flowing) and the cloud point (the temperature at which wax crystals form).
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CFIs are extensively used in colder places when temperatures drop below freezing, as well as in diesel fuels with higher wax levels. To improve smooth flow in cold conditions, CFIs are added to fuel at the refinery or during distribution.
Over US$ 290 Million Projected for Europe’s Automotive Sector in 2019
The automotive industry, which is the largest end user of cold flow improver, is estimated to produce more than US$ 260 million in revenue in 2019. As global car production and sales rise, so does demand for lubricant additives, which leads to rising sales of cold flow improvers.”With growing consumer inclination towards premium quality lubricant additives for enhanced engine performance, it is more likely that sales of cold flow improvers will sustain in the coming years,” says a senior market research analyst at FMI.In the next years, Europe’s vehicle market share will remain around 40%, demonstrating its global position in the cold flow improver environment.
Polyacrylate Continues to Register Highest Consumption over Other Types of Cold Flow Improver
According to the report, polyacrylate (PA) is the top selling product type, accounting for more than 31% of current revenue contribution by product type category. The entire amount of PA consumption in Europe alone will exceed 38,000 tons in 2019, with North America likely topping 30,000 tons the same year.
China Positions itself as an Attractive Territory for Cold Flow Improver Suppliers
With the drastically expanding fleet size and the net vehicle parc, China, the global automotive manufacturing hub, is projecting itself as a highly lucrative regional market for automotive and cold flow improver manufacturers. Another strong factors encouraging Chinese market growth include elevating aviation traffic and a tremendously thriving economic scene. Besides the automotive industry, the fleet size of airline owners in China is demonstrating exceptional growth owing to the most favored low-cost business model. While this scenario is directly impacting a wide range of markets related to aircraft fuel and lubricant additives, cold flow improvers remain one of the top beneficiaries.
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Regional Players Make up for 40-45% of the Cold Flow Improver Market Revenue
The global cold flow improver landscape is moderately consolidated, with a large number of Tier 3 players holding a collective market value share within the range of 40-45%. “Following Tier 3 companies are the Tier 1 market leaders accounting for a 30-35% share of the total market revenue,” reports the FMI analyst. While larger players have moderately strong global presence, Tier 3 companies that include a large number of regional and local players have strong regional presence, owing to which the latter account for a considerably larger market value in the cold flow improver landscape.
To cater to evolving regional demands more efficiently, cold flow improver manufacturers are opting for strategic M&A, in addition to joint ventures. The report points to a growing tendency of leading players in cold flow improver landscape to prioritize production capacity expansion. The market is thus witnessing expansion of existing production plants in high demand regions, as well as establishment of new manufacturing plants in high potential regions, in coming years. “Companies are also observed to be taking exclusive efforts towards exploring diverse applications of customized cold flow improvers,” says the analyst.
How Significant is the ‘Bio-based’ Trend in Driving the Production Facility Expansion Strategy?
In a bid to modulate the environmental footprint, a majority of cold flow improver manufacturers are following a trend of using bio-based raw materials. “While adoption of sustainable raw materials such as vegetable oils helps them effectively slash the level of adverse environmental impact, it is more likely to receive additional benefits in terms of cost and performance. Lubricant manufacturers are thus planning production capacity expansion with sustainable raw materials in order to cater to soaring consumer demand,” the FMI analyst explains this trend further. The trend is likely to push capacity expansion efforts of leading manufacturers, driving revenue growth of cold flow improver landscape globally.
Key Players
Some of the players reported in this study on the global cold flow improvers market include BASF SE, Clariant AG, Evonik Industries AG., AkzoNobel N.V., Baker Hughes Inc., Afton Chemical, Bell Performance, Inc., The Lubrizol Corporation, Chevron Corporation, Infineum International Limited and Ecolab. Moreover, manufacturers of cold flow improvers have been channelizing efforts towards strengthening their distributor and retailer network and are focusing on specific regions. This is expected to positively impact the cold flow improvers market in the near future.
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Key Segmentation
Product Type
- Polyacrylate
- Polyalkyl Methacrylates
- Polyalkyl Methacrylates
- Ethylene Vinyl Acetate
- Others
By End Use
- Automotive
- Aerospace
- Industrial
Region
- North America
- Latin America
- Europe
- China
- APAC
- Middle East and Africa
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