Cold Flow Improvers Market

Cold Flow Improvers Market Analysis, By product Type (Ethylene Vinyl Acetate, Polyalkyl Methacrylate, Polyalpha Olefin), By Application (Diesel Fuel, Lubricating Oil, Aviation Fuel), By End Use, By Region – Global Forecast 2022-2032

Analysis of Cold Flow Improvers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cold Flow Improvers Market Outlook (2022-2032)

Worldwide consumption of cold flow improvers is estimated at US$ 767 Mn at present.In-depth industry analysis reveals that the global cold flow improvers market will expand at a CAGR of 6.4% and reach a market valuation of US$ 1.4 Bn by 2032-end.

Report Attributes


Cold Flow Improvers Market Size (2021A)

US$ 734.4 Mn

Estimated Market Value (2022E)

US$ 767.9 Mn

Forecasted Market Value (2032F)

US$ 1.4 Bn

Global Market Growth Rate (2022-2032)

6.4% CAGR

North America Market Share (2021)


North America Growth Rate (2022-2032)

6.5% CAGR

U.S. Growth Rate (2022-2032)


Top 5 Companies’ Market Share


Key Companies Profiled

  • Clariant AG
  • Evonik Industries AG.
  • Chevron Oronite
  • AkzoNobel N.V.
  • Baker Hughes Inc.
  • Afton Chemical
  • Infineum International Limited
  • Bell Performance, Inc.

Sales revenue from cold flow improvers is predicted to account for close to 3% share of the global flow improvers market by 2032, up from just under 1% in 2021.

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Demand Analysis of Cold Flow Improvers (2017-2021) Vs. Market Forecast Outlook (2022-2032)

Rising demand for cold flow improvers is due to dynamism in the automobile industry, with advancements such as the introduction of biofuel/diesel fuel. However, this comes with some disadvantages, such as the crystallization of liquid fuel under low temperature in winters. To prevent this conversion, cold flow improvers came into existence facilitating as wax dispersants, anti-settling agents, wax modifiers, etc.

The cold flow improvers market increased in valuation from US$ 610.3 Mn in 2017 to US$ 734.4 Mn in 2021, reflecting a CAGR of 4.7% over these five years.

Rapid urbanization in both, developed and developing countries, and rising status of the automotive sector are driving demand for cold flow improvers.

Cold flow improvers market forecast by Fact.MR

Additionally, increased public environmental concerns as well as the depletion of fossil fuel supplies have led to the search for more sustainable and viable fuel sources, which will create a wide space for cold flow improver manufacturers to increase their profitability and drive global expansion.

As such, the global market for cold flow improver additives is predicted to expand at a high CAGR of 6.4% over the next ten years.

Why is the World Witnessing Increased Consumption of Cold Flow Improvers?

“Surging Demand for Cold Flow Improvers from Automotive Industry”

Despite the world economy coming to standstill in the last couple of years, the automotive industry has gained traction. Market demand for vehicles is mostly driven by global urbanization, industrialization, and economic expansion. This, in turn, has increased demand for cold flow improvers for use in lubricant additives to improve the capacity of lubricants to combat low temperatures.

Additionally, investments in the automobile industry have been driven by growing demand for personal vehicles as a result of rising disposable income. Also, automobile manufacturers are continuously focusing on improving production capacity to accommodate rising global demand. These factors are expected to proliferate demand growth of cold flow improvers.

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Region-wise Analysis

Which Region Accounts for Most Demand for Cold Flow Improver Additives?

“Robust Auto Industry Coupled with Cold Climate Drives North American Market”

The North American cold flow improvers market accounts for the largest market share, consuming 31.2% of cold flow improvers for fuel oil. The region is projected to register a CAGR of 6.5% over the forecast years. This is mostly due to the existence of a robust automobile industry with high demand for vehicles across the region.

Also, due to speedy growth of industrialization and disposable income, North America will lead to generating massive revenue over the coming years. Additionally, low temperature throughout the year in the U.S. and Canada as compared to other regions has generated opportunities for cold flow improver suppliers.

How is the Asia Pacific Cold Flow Improvers Market Faring?

“India & China to Drive Market Growth in APAC”

Asia Pacific, including East Asia and South Asia & Oceania, holds 29.8% of the overall cold flow improver additives market share. Dominance of East Asia in the APAC region is attributed to rising population and urbanization in countries such as China and India.

China and India account for around 28.1% and 23.3% market share, respectively, in 2022, in the APAC region. The APAC cold flow improvers market is projected to expand at a CAGR of 6.5% during the forecast period of 2022-2032.

Country-wise Analysis

How is Cold Flow Improver Consumption Shaping Up in the U.S.?

The United States cold flow improvers market accounts for the largest market share, i.e., 27.8% in 2022. Also, the market is projected to register a high CAGR of 6.6% through 2032.

Category-wise Analysis

Which Product Type Holds Dominance in the Cold Flow Improvers?

“High Popularity of Ethylene Vinyl Acetate Cold Flow Improvers”

According to product type, the cold flow improvers industry is segmented into ethylene vinyl acetate, polyalkyl methacrylate, polyalpha olefin, and others. The ethylene vinyl acetate segment leads the market by holding 34.1% market share, and is projected to register a CAGR of 7.3% during the forecast period.

Ethylene vinyl acetate cold flow improvers for fuel oil are gaining popularity owing to their wide application in aviation and diesel fuel due to their deposition properties and low cost.

Which End-use Sector Do Cold Flow Improvers Experience Highest Usage?

“Automotive Sector to Account for Highest Demand for Cold Flow Improvers”

Under the end use segment, the cold flow improvers market is segmented into automotive, aerospace & defense, and other end uses. The automotive segment is forecast to dominate the market with a share of 53.9% in 2022, and is projected to witness growth at 6.8% CAGR.

Rising awareness about environmental issues is driving demand for biofuel/ diesel fuel, which strengthens the growth of the automotive industry with innovations and advancements. The aerospace and defense segment holds 31.7% of the overall market share, and is projected to expand at a CAGR of 6.1% over the forecast years of 2022-2032.

Know thy Competitors

Competitive landscape highlights only certain players
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Competition Landscape

Key manufacturers of cold flow improvers are BASF SE, Clariant AG, Evonik Industries AG., Chevron Oronite, AkzoNobel N.V., Baker Hughes Inc., Afton Chemical, Infineum International Limited, AICELLO CHEMICAL CO. LTD, and Bell Performance, Inc.

Leading manufacturers of cold flow improvers have been putting efforts towards expanding their manufacturing facilities across the globe and strengthening their retailer and distribution networks, while also focusing on finding various opportunities in emerging economies.

Tier-1 companies are expanding their operational bases, including R&D facilities, manufacturing plants, and distribution & sales channels across regions to capture a significant market share and tackle trade wars, minimize import-export expenses, and acquire cheap labor.

Fact.MR has provided detailed information about the price points of top cold flow improver suppliers positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.

Key Segments of Cold Flow Improvers Industry Survey

  • Cold Flow Improvers Market by Product Type :

    • Ethylene Vinyl Acetate Cold Flow Improvers
    • Polyalkyl Methacrylate Cold Flow Improvers
    • Polyalpha Olefin Cold Flow Improvers
    • Other Types of Cold Flow Improvers
  • Cold Flow Improvers Market by Application :

    • Diesel Fuel
    • Lubricating Oil
    • Aviation Fuel
    • Other Applications
  • Cold Flow Improvers Market by End Use :

    • Automotive
    • Aerospace & Defence
    • Other End Uses
  • Cold Flow Improvers Market by Region :

    • North America Cold Flow Improvers Market
    • Latin America Cold Flow Improvers Market
    • Europe Cold Flow Improvers Market
    • East Asia Cold Flow Improvers Market
    • South Asia and ASEAN Cold Flow Improvers Market
    • Oceania Cold Flow Improvers Market
    • MEA Cold Flow Improvers Market

- FAQs -

How big is the global cold flow improvers market?

The global cold flow improvers market is estimated at US$ 767.9 Mn in 2022.

How is global demand for cold flow improvers expected to pan out?

Demand for cold flow improvers is anticipated to surpass US$ 1.4 Bn by 2032.

How has the market performed over the past half-decade?

From 2017 to 2021, global sales of cold flow improver additives increased at 4.7% CAGR.

Who are the prominent suppliers of cold flow improvers?

Some of the prominent players in the cold flow improvers market are BASF SE, Clariant AG, Evonik Industries AG., and Chevron Oronite.

Which region leads the global market for cold flow improvers?

North America tops the global cold flow improvers market accounting for 31.2% market share in 2022.

Which end use of cold flow improvers drives highest sales?

The automobile sector contributes 53.9% share to the global sales of cold flow improvers.

Cold Flow Improvers Market

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