Table of Content

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 REGIONS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 UNIT CONSIDERED 17
1.6 STAKEHOLDERS 17
1.7 LIMITATION 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.3 DATA TRIANGULATION 23
2.4 ASSUMPTIONS AND LIMITATIONS 24
2.4.1 ASSUMPTIONS 24
2.4.2 LIMITATIONS 24

3 EXECUTIVE SUMMARY 25

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE COLD FLOW IMPROVERS MARKET 29
4.2 COLD FLOW IMPROVERS MARKET, BY REGION 29
4.3 COLD FLOW IMPROVERS MARKET, BY APPLICATION 30
4.4 COLD FLOW IMPROVERS MARKET, BY COUNTRY 30
4.5 COLD FLOW IMPROVERS MARKET, BY TYPE 31
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5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Growth of automotive industry 33
5.2.1.2 Stringent environmental regulations 33
5.2.2 RESTRAINTS 33
5.2.2.1 Rise in demand for alternative fuels 33
5.2.3 OPPORTUNITIES 34
5.2.3.1 Increase in demand for ultra-low-sulfur diesel (ULSD) 34
5.2.4 CHALLENGES 34
5.2.4.1 Expensive R&D process to formulate cold flow improvers
that comply with stringent environmental regulations 34
5.3 PORTER’S FIVE FORCES ANALYSIS 35
5.3.1 THREAT OF NEW ENTRANTS 35
5.3.2 THREAT OF SUBSTITUTES 36
5.3.3 BARGAINING POWER OF SUPPLIERS 36
5.3.4 BARGAINING POWER OF BUYERS 36
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 36
5.4 MACROECONOMIC OVERVIEW 37
5.4.1 TRENDS AND FORECAST OF GDP 37
5.4.2 FINISHED FUEL INDUSTRY TRENDS, BY REGION 38

6 COLD FLOW IMPROVERS MARKET, BY TYPE 39
6.1 INTRODUCTION 40
6.2 ETHYLENE VINYL ACETATE 41
6.2.1 INCREASING OIL EXPLORATION ACTIVITIES TO DRIVE THE DEMAND FOR ETHYLENE VINYL ACETATE SEGMENT 41
6.3 POLYALKYL METHACRYLATE (PAMA) 42
6.3.1 INCREASED USE IN AUTOMOTIVE TO DRIVE THE MARKET FOR THIS SEGMENT 42
6.4 POLYALPHA OLEFIN 43
6.4.1 INCREASED USE IN OIL & GAS INDUSTRY TO DRIVE THE DEMAND 43
6.5 OTHERS 44

7 COLD FLOW IMPROVERS MARKET, BY APPLICATION 45
7.1 INTRODUCTION 46
7.2 DIESEL FUEL 47
7.2.1 DEMAND FOR EFFICIENT FUEL DRIVES DEMAND FOR COLD FLOW IMPROVERS IN DIESEL FUEL 47
7.3 LUBRICATING OIL 47
7.3.1 INCREASING DEMAND FROM AUTOMOTIVE INDUSTRY TO FUEL
THE GROWTH OF MARKET IN THIS SEGMENT 47
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7.4 AVIATION FUEL 48
7.4.1 DEMAND FOR IMPROVED PERFORMANCE OF JET FUEL TO
BOOST THE MARKET 48
7.5 OTHERS 49

8 COLD FLOW IMPROVERS MARKET, BY END-USE INDUSTRY 50
8.1 INTRODUCTION 51
8.2 AUTOMOTIVE 52
8.2.1 NEED FOR REDUCED WAX CRYSTAL FORMATION IN FUEL TO DRIVE THE DEMAND IN AUTOMOTIVE INDUSTRY 52
8.3 AEROSPACE & DEFENSE 52
8.3.1 EXCELLENT PROPERTIES OF COLD FLOW IMPROVERS TO DRIVE THE DEMAND IN AEROSPACE & DEFENSE 52
8.4 OTHERS 52

9 COLD FLOW IMPROVERS MARKET, BY REGION 53
9.1 INTRODUCTION 54
9.2 APAC 57
9.2.1 CHINA 59
9.2.1.1 Rising refining capacity to drive the cold flow improvers market 59
9.2.2 INDIA 60
9.2.2.1 Increasing demand for finished fuel and expansion in refining capacity to drive the market 60
9.2.3 JAPAN 61
9.2.3.1 Cut back in refining capacity to impact the growth of the market 61
9.2.4 SOUTH KOREA 61
9.2.4.1 Increase in the country’s refining and storage capacity to drive the growth of cold flow improvers 61
9.2.5 REST OF APAC 62
9.3 NORTH AMERICA 63
9.3.1 US 65
9.3.1.1 Technological advancements in oil & gas industry are expected to drive the market for cold flow improvers in the US 65
9.3.2 CANADA 66
9.3.2.1 Improving oil industry in Canada is boosting cold flow improvers market 66
9.3.3 MEXICO 67
9.3.3.1 Growing automotive industry will drive the market for cold flow improvers 67
9.4 EUROPE 67
9.4.1 RUSSIA 70
9.4.1.1 Expansion and upgradation of refining capacity drives the cold flow improvers market 70
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9.4.2 GERMANY 71
9.4.2.1 Stricter fuel specifications in the country will drive the demand for cold flow improvers 71
9.4.3 UK 72
9.4.3.1 Strict environmental norms to drive the cold flow improvers market 72
9.4.4 FRANCE 72
9.4.4.1 Stringent fuel specification to offer growth opportunities for fuel additives such as cold flow improvers 72
9.4.5 ITALY 73
9.4.5.1 Presence of large refining capacity to drive the cold flow improvers market 73
9.4.6 SPAIN 74
9.4.6.1 Growing end-use industries and economic expansion drives the cold flow improvers market 74
9.4.7 REST OF EUROPE 74
9.5 MIDDLE EAST & AFRICA 75
9.5.1 SAUDI ARABIA 77
9.5.1.1 Improved government spending boosts the growth of cold flow improvers 77
9.5.2 IRAN 77
9.5.2.1 Significant investment in oil and automotive industries will drive the cold flow improvers market 77
9.5.3 UAE 78
9.5.3.1 Large presence of manufacturing facilities of oil & gas drives the market for cold flow improvers 78
9.5.4 REST OF MIDDLE EAST & AFRICA 79
9.5.4.1 Rising industrial activities expected to drive the market of cold flow improvers 79
9.6 SOUTH AMERICA 79
9.6.1 BRAZIL 81
9.6.1.1 Improved economy to drive the cold flow improvers market 81
9.6.2 ARGENTINA 82
9.6.2.1 Automotive industry will drive the market for cold flow improvers in Argentina 82
9.6.3 REST OF SOUTH AMERICA 82

10 COMPETITIVE LANDSCAPE 84
10.1 INTRODUCTION 84
10.2 MARKET RANKING OF KEY PLAYERS 85
10.3 COMPETITIVE SCENARIO 86
10.3.1 PARTNERSHIP 86
10.3.2 EXPANSION 86
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10.4 COMPETITIVE LEADERSHIP MAPPING 87
10.4.1 DYNAMICS DIFFERENTIATORS 87
10.4.2 INNOVATORS 87
10.4.3 VISIONARY LEADERS 88
10.4.4 EMERGING 88

11 COMPANY PROFILES 89
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 LUBRIZOL CORPORATION 89
11.2 CHEVRON ORONITE 91
11.3 CLARIANT AG 93
11.4 BASF 95
11.5 AFTON CHEMICALS 97
11.6 EVONIK INDUSTRIES 99
11.7 INNOSPEC 101
11.8 INFINEUM INTERNATIONAL LIMITED 103
11.9 BAKER HUGHES 105
11.10 ECOLAB 106
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11.11 OTHER COMPANY PROFILES 107
11.11.1 DROF KETAL 107
11.11.2 BELL PERFORMANCE 107
11.11.3 TOTAL 107
11.11.4 TIANHE CHEMICALS 107
11.11.5 CESTOIL CHEMICAL 107

12 APPENDIX 108
12.1 DISCUSSION GUIDE 108
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 111
12.3 AVAILABLE CUSTOMIZATIONS 113
12.4 RELATED REPORTS 113
12.5 AUTHOR DETAILS 114



List of Figures



FIGURE 1 COLD FLOW IMPROVERS: MARKET SEGMENTATION 16
FIGURE 2 COLD FLOW IMPROVERS MARKET: RESEARCH DESIGN 18
FIGURE 3 BOTTOM-UP APPROACH 22
FIGURE 4 TOP-DOWN APPROACH 22
FIGURE 5 COLD FLOW IMPROVERS MARKET: DATA TRIANGULATION 23
FIGURE 6 ETHYLENE VINYL ACETATE SEGMENT TO LEAD THE OVERALL
COLD FLOW IMPROVERS MARKET 25
FIGURE 7 AUTOMOTIVE TO BE THE LARGEST END-USE INDUSTRY OF
COLD FLOW IMPROVERS 26
FIGURE 8 DIESEL FUEL TO BE THE FASTEST-GROWING APPLICATION
DURING FORECAST PERIOD 26
FIGURE 9 APAC WAS THE LARGEST COLD FLOW IMPROVERS MARKET IN 2017 27
FIGURE 10 US TO DOMINATE COLD FLOW IMPROVERS MARKET DURING FORECAST PERIOD 28
FIGURE 11 GROWING DEMAND FOR DIESEL FUEL AND STRICTER FUEL SPECIFICATION TO DRIVE THE COLD FLOW IMPROVERS MARKET 29
FIGURE 12 APAC TO BE FASTEST-GROWING COLD FLOW IMPROVERS MARKET DURING FORECAST PERIOD 29
FIGURE 13 DIESEL FUEL IS THE LARGEST APPLICATION OF COLD FLOW IMPROVERS MARKET 30
FIGURE 14 INDIA TO REGISTER THE HIGHEST CAGR BETWEEN 2018 AND 2023 30
FIGURE 15 ETHYLENE VINYL ACETATE SEGMENT DOMINATED OVERALL COLD FLOW IMPROVERS MARKET 31
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: COLD FLOW IMPROVERS MARKET 32
FIGURE 17 BUYERS ENJOY HIGH BARGAINING POWER IN THE COLD FLOW IMPROVERS MARKET 35
FIGURE 18 ETHYLENE VINYL ACETATE TO BE THE LARGEST TYPE OF COLD FLOW IMPROVERS DURING THE FORECAST PERIOD 40
FIGURE 19 DIESEL FUEL SEGMENT TO DOMINATE THE COLD FLOW IMPROVERS MARKET BETWEEN 2018 AND 2023 46
FIGURE 20 AUTOMOTIVE SEGMENT TO DOMINATE THE COLD FLOW IMPROVERS MARKET BETWEEN 2018 AND 2023 51
FIGURE 21 APAC TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 54
FIGURE 22 APAC: COLD FLOW IMPROVERS MARKET SNAPSHOT 57
FIGURE 23 NORTH AMERICA: COLD FLOW IMPROVERS MARKET SNAPSHOT 63
FIGURE 24 EUROPE: COLD FLOW IMPROVERS MARKET SNAPSHOT 68
FIGURE 25 KEY DEVELOPMENTS IN THE COLD FLOW IMPROVERS MARKET (2015–2018) 84
FIGURE 26 RANKING OF COLD FLOW IMPROVERS MANUFACTURERS, 2017 85
FIGURE 27 COLD FLOW IMPROVERS: COMPETITIVE LEADERSHIP MAPPING, 2017 87
FIGURE 28 LUBRIZOL CORPORATION: COMPANY SNAPSHOT 89
FIGURE 29 LUBRIZOL CORPORATION: SWOT ANALYSIS 90
FIGURE 30 CHEVRON ORONITE: COMPANY SNAPSHOT 91
FIGURE 31 CHEVRON ORONITE: SWOT ANALYSIS 92
FIGURE 32 CLARIANT AG: COMPANY SNAPSHOT 93
FIGURE 33 CLARIANT AG: SWOT ANALYSIS 94
FIGURE 34 BASF : COMPANY SNAPSHOT 95
FIGURE 35 BASF: SWOT ANALYSIS 96
FIGURE 36 AFTON CHEMICALS: COMPANY SNAPSHOT 97
FIGURE 37 AFTON CHEMICALS: SWOT ANALYSIS 98
FIGURE 38 EVONIK INDUSTRIES: COMPANY SNAPSHOT 99
FIGURE 39 EVONIK INDUSTRIES: SWOT ANALYSIS 100
FIGURE 40 INNOSPEC: COMPANY SNAPSHOT 101
FIGURE 41 INNOSPEC: SWOT ANALYSIS 102
FIGURE 42 INFINEUM INTERNATIONAL LIMITED: SWOT ANALYSIS 104
FIGURE 43 BAKER HUGHES: COMPANY SNAPSHOT 105
FIGURE 44 ECOLAB: COMPANY SNAPSHOT 106

 

List of Tables



TABLE 1 TRENDS AND FORECAST OF PER CAPITA GDP (USD) 37
TABLE 2 DIESEL FUEL PRODUCTION, THOUSAND METRIC TONS (2013–2016) 38
TABLE 3 JET FUEL PRODUCTION, THOUSAND METRIC TONS (2013–2016) 38
TABLE 4 FUEL OIL PRODUCTION, THOUSAND METRIC TONS (2013–2016) 38
TABLE 5 COLD FLOW IMPROVERS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 40
TABLE 6 COLD FLOW IMPROVERS MARKET SIZE, BY TYPE, 2016–2023 (TON) 41
TABLE 7 ETHYLENE VINYL ACETATE COLD FLOW IMPROVERS MARKET SIZE 2016–2023 (USD MILLION) 41
TABLE 8 ETHYLENE VINYL ACETATE COLD FLOW IMPROVERS MARKET SIZE 2016–2023 (TON) 42
TABLE 9 POLYALKYL METHACRYLATE COLD FLOW IMPROVERS MARKET SIZE 2016–2023 (USD MILLION) 42
TABLE 10 POLYALKYL METHACRYLATE COLD FLOW IMPROVERS MARKET SIZE 2016–2023 (TON) 43
TABLE 11 POLYALPHA OLEFIN COLD FLOW IMPROVERS MARKET SIZE 2016–2023 (USD MILLION) 43
TABLE 12 POLYALPHA OLEFIN COLD FLOW IMPROVERS MARKET SIZE, 2016–2023 (TON) 43
TABLE 13 OTHER COLD FLOW IMPROVERS MARKET SIZE, 2016–2023 (USD MILLION) 44
TABLE 14 OTHER COLD FLOW IMPROVERS MARKET SIZE, 2016–2023 (TON) 44
TABLE 15 COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 46
TABLE 16 COLD FLOW IMPROVERS MARKET SIZE IN DIESEL FUEL APPLICATION, BY REGION, 2016–2023 (TON) 47
TABLE 17 COLD FLOW IMPROVERS MARKET SIZE IN LUBRICATING OIL APPLICATION BY REGION, 2016–2023 (TON) 48
TABLE 18 COLD FLOW IMPROVERS MARKET SIZE IN AVIATION FUEL APPLICATION BY REGION, 2016–2023 (TON) 48
TABLE 19 COLD FLOW IMPROVERS MARKET SIZE IN OTHER APPLICATIONS BY REGION, 2016–2023 (TON) 49
TABLE 20 COLD FLOW IMPROVERS MARKET SIZE, BY END-USE, 2016–2023 (USD MILLION) 51
TABLE 21 COLD FLOW IMPROVERS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 55
TABLE 22 COLD FLOW IMPROVERS MARKET SIZE, BY REGION, 2016–2023 (TON) 55
TABLE 23 COLD FLOW IMPROVERS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION) 55
TABLE 24 COLD FLOW IMPROVERS MARKET SIZE, BY TYPE, 2016–2023 (TON) 56
TABLE 25 COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 56
TABLE 26 COLD FLOW IMPROVERS MARKET SIZE, BY END-USE INDUSTRY 2016–2023 (USD MILLION) 56
TABLE 27 APAC: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY 2016–2023 (USD MILLION) 58
TABLE 28 APAC: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY, 2016–2023 (TON) 58
TABLE 29 APAC: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 58
TABLE 30 APAC: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE, 2016–2023 (TON) 59
TABLE 31 APAC: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 59
TABLE 32 CHINA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 60
TABLE 33 INDIA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 60
TABLE 34 JAPAN: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 61
TABLE 35 SOUTH KOREA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 61
TABLE 36 REST OF APAC: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 62
TABLE 37 NORTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY 2016–2023 (USD MILLION) 64
TABLE 38 NORTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY 2016–2023 (TON) 64
TABLE 39 NORTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 64
TABLE 40 NORTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (TON) 65
TABLE 41 NORTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 65
TABLE 42 US: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 66
TABLE 43 CANADA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 66
TABLE 44 MEXICO: COLD FLOW IMPROVERS MARKET SIZE, APPLICATION, 2016–2023 (TON) 67
TABLE 45 EUROPE: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY 2016–2023 (USD MILLION) 69
TABLE 46 EUROPE: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY, 2016–2023 (TON) 69
TABLE 47 EUROPE: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 69
TABLE 48 EUROPE: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE, 2016–2023 (TON) 70
TABLE 49 EUROPE: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 70
TABLE 50 RUSSIA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 71
TABLE 51 GERMANY: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 71
TABLE 52 UK: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 72
TABLE 53 FRANCE: COLD FLOW IMPROVERS MARKET SIZE, APPLICATION, 2016–2023 (TON) 73
TABLE 54 ITALY: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 73
TABLE 55 SPAIN: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 74
TABLE 56 REST OF EUROPE: COLD FLOW IMPROVERS MARKET SIZE, APPLICATION 2016–2023(TON) 74
TABLE 57 MIDDLE EAST & AFRICA: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION) 75
TABLE 58 MIDDLE EAST & AFRICA: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY, 2016–2023 (TON) 75
TABLE 59 MIDDLE EAST & AFRICA: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 76
TABLE 60 MIDDLE EAST & AFRICA: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (TON) 76
TABLE 61 MIDDLE EAST & AFRICA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 76
TABLE 62 SAUDI ARABIA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 77
TABLE 63 IRAN: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 78
TABLE 64 UAE: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION, 2016–2023 (TON) 78
TABLE 65 REST OF MIDDLE EAST & AFRICA: COLD FLOW IMPROVERS MARKET SIZE BY APPLICATION, 2016–2023 (TON) 79
TABLE 66 SOUTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY 2016–2023 (USD MILLION) 79
TABLE 67 SOUTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY COUNTRY 2016–2023 (TON) 80
TABLE 68 SOUTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (USD MILLION) 80
TABLE 69 SOUTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY TYPE 2016–2023 (TON) 80
TABLE 70 SOUTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 81
TABLE 71 BRAZIL: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 81
TABLE 72 ARGENTINA: COLD FLOW IMPROVERS MARKET SIZE, BY APPLICATION 2016–2023 (TON) 82
TABLE 73 REST OF SOUTH AMERICA: COLD FLOW IMPROVERS MARKET SIZE BY APPLICATION, 2016–2023 (TON) 83
TABLE 74 PARTNERSHIP, 2015–2018 86
TABLE 75 EXPANSION, 2015–2018 86