The Cold Flow Improver Market is anticipated to grow significantly over the forecast period. Rising demand for high-performance fuels, increasing fuel efficiency regulations, and growing adoption of advanced refining technologies are key factors driving market growth. In 2023, the market was valued at approximately USD 3.17 billion and is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 3.17%. Recent developments include the launch of innovative cold flow improvers by major players such as BASF and Lubrizol. These products offer enhanced low-temperature performance and improved fuel efficiency.
Strategic partnerships and collaborations are also shaping the market, with companies seeking to expand their product portfolios and gain a competitive edge.
In June 2024, Evonik launched its VISCOPLEX® series, with its target being biodiesel and fossil fuel cold flow improvement. The additives provide the blended products with cold flow performance that meets the regulations for formulations of B5 to B20.
In April 2024, BASF highlighted earlier breakthroughs in their kerosene and diesel cold flow improvers in a press interview while advertising Assam 2024, pointing out aviation and automotive products requiring LS performance as environmentally friendly features.
In March 2024, Clariant launched a new range of CFIs for the biodiesel market in conjunction with winter-grade diesel CFIs. It combats filterability and crystallization problems when stored in colder environments.
In February 2024, Infineum brought in new products that added stability to fuels and improved flow in cold conditions, especially for the marine and automotive industries.
In January 2024, Afton Chemical created and provided a new polymer-based cold flow addon that works well with USLD fuels in providing a reduction of wax particle formation.
In May 2024, Chevron Oronite developed the aforementioned products which combine improvement of fuel flow with fuel economy when used in either diesel or biodiesel blend.
In April 2024, Innospec worked with one of the major Chinese refinery groups on the creation of tailored cold flow packages to improve diesel use in colder areas.
In February 2024, Evonik teamed up with IOC for the application of its Cold Flow Additives for improved performance of diesel in the Indian climate.
In January 2024, Croda, in conjunction with BP, sought to create new improvers to work at low temperatures with the aim of ensuring environmental safety.
In May 2024, Afton Chemical confirmed a collaboration with a group from South Africa to supply combining agents solving seasonal diesel fuel problems.