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(Transportation-News.com, January 26, 2019 ) According to a recently published report, the global specialty fuel additives market is expected to represent a value of over US$ 6,000 Mn by the end of 2022.
The diesel specialty segment is expected to represent a value of over US$ 500 Mn in the global specialty fuel additives market by the end of 2022. The gasoline segment is expected to represent the second highest revenue growth in the global market by the end of 2022. Moreover, this segment is expected to register the highest CAGR in the global market through 2022.
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Competition Tracking
Leading market players in the global specialty fuel additives market include BASF SE, Chevron Corp., Berkshire Hathaway, Inc., Ashland Inc., ExxonMobil Corporation, Evonik Industries AG, The Dow Chemical Company, E. I. du Pont de Nemours and Co, Afton Chemical Limited., and Baker Hughes, a GE Co.
With the inflating prices of the fuel and gases, consumers continue to scramble with the ways to increase the fuel efficiency. Over the time, harmful deposits can accumulate in the engine and hinder the efficiency significantly. Growing need for removing and cleaning the harmful deposits in the engines has significantly led to an upsurge in demand for specialty fuel additives globally. Moreover, increasing use of specialty fuel additives enhances functioning of the fuel, and helps in protecting the fuel system. As use of the specialty fuel additives help in removing the harmful deposits in the engines, it also improves the functioning in terms of power of the engine and acceleration.
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Consumption in the Automotive Industry
With time and rough usage, the engines accumulate harmful deposits that could block the injectors and disrupt the functioning of the engines. This could prevent the automotive to function smoothly and efficiently. Moreover, increasing demand for additives that help in removing and cleaning the accumulated deposits is likely to impact growth of the global market positively. Increasing need for unclogging the blocked injectors has led to an upsurge in demand for specialty fuel additives. Specialty fuel additives also help in burning the fuel in the cylinder after combustion, which helps in eliminating knocking. As specialty fuel additives resists knocking, the engine functions smoothly. Attributed to such factors, the manufacturers prefer using the specialty fuel additives that resist knocking in the engine, and enhances the functioning of the automotive.
Steady Demand in Aviation Industry
Apart from the automotive industry, the specialty fuel additives witness significant demand in the aviation industry. Specialty fuel additives witness significant demand in the deposit control additives, and cleanliness additives to clean and remove the deposits from the engine. Moreover, surge in demand for correcting problems related to fuel efficiency and enhancing performance is expected to impact growth of the global market positively. Moreover, growing need to prevent rust formation is expected to boost demand for corrosion inhibitors. Besides protection from rust formation, surge in need for preventing gum formation is expected to fuel demand for oxidation inhibitors. Attributed to metal deactivators, increasing use of specialty fuel additives is expected to inhibit gum formations.
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Table of Content Covered in the report are:
1. Global Specialty Fuel Additives Market - Executive Summary
2. Global Specialty Fuel Additives Market Overview
2.1. Introduction
2.1.1. Global Specialty Fuel Additives Market Taxonomy
2.1.2. Global Specialty Fuel Additives Market Definition
2.2. Global Specialty Fuel Additives Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Specialty Fuel Additives Market Y-o-Y Growth
2.3. Global Specialty Fuel Additives Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. Supplier List
2.9. Key Participants Market Presence (Intensity Map) By Region
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3. Global Specialty Fuel Additives Market Analysis and Forecast By Additives Type
3.1. Global Specialty Fuel Additives Market Size and Forecast By Additives Type, 2012-2022
3.1.1. Deposit Control Additives Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Cetane Improvers Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Antioxidants Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Lubricity Improvers Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
3.1.5. Cold Flow Improvers Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.5.1. Revenue (US$ Mn) Comparison, By Region
3.1.5.2. Market Share Comparison, By Region
3.1.5.3. Y-o-Y growth Comparison, By Region
3.1.6. Petroleum Dyes & Markers Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.6.1. Revenue (US$ Mn) Comparison, By Region
3.1.6.2. Market Share Comparison, By Region
3.1.6.3. Y-o-Y growth Comparison, By Region
3.1.7. Corrosion Inhibitors Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.7.1. Revenue (US$ Mn) Comparison, By Region
3.1.7.2. Market Share Comparison, By Region
3.1.7.3. Y-o-Y growth Comparison, By Region
3.1.8. Metal Deactivators Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.8.1. Revenue (US$ Mn) Comparison, By Region
3.1.8.2. Market Share Comparison, By Region
3.1.8.3. Y-o-Y growth Comparison, By Region
3.1.9. Octane Enhancers Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.9.1. Revenue (US$ Mn) Comparison, By Region
3.1.9.2. Market Share Comparison, By Region
3.1.9.3. Y-o-Y growth Comparison, By Region
3.1.10. Others Specialty Fuel Additives Market Size and Forecast, 2012-2022
3.1.10.1.Revenue (US$ Mn) Comparison, By Region
3.1.10.2.Market Share Comparison, By Region
3.1.10.3.Y-o-Y growth Comparison, By Region
4. Global Specialty Fuel Additives Market Analysis and Forecast By Application
4.1. Global Specialty Fuel Additives Market Size and Forecast By Application, 2012-2022
4.1.1. Gasoline Specialty Fuel Additives Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Diesel Specialty Fuel Additives Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Aviation Turbine Fuel Specialty Fuel Additives Market Size and Forecast, 2012-2022
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.1.4. Other Applications Specialty Fuel Additives Market Size and Forecast, 2012-2022
4.1.4.1. Revenue (US$ Mn) Comparison, By Region
4.1.4.2. Market Share Comparison, By Region
4.1.4.3. Y-o-Y growth Comparison, By Region
5. Global Specialty Fuel Additives Market Analysis and Forecast By Region
5.1. Global Specialty Fuel Additives Market Size and Forecast, 2012-2022
5.1.1. North America Specialty Fuel Additives Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Additives Type
5.1.1.2. Revenue (US$ Mn) Comparison, By Application
5.1.2. Latin America Specialty Fuel Additives Market Size and Forecast, 2012-2022
5.1.2.1. Revenue (US$ Mn) Comparison, By Additives Type
5.1.2.2. Revenue (US$ Mn) Comparison, By Application
5.1.3. Europe Specialty Fuel Additives Market Size and Forecast, 2012-2022
5.1.3.1. Revenue (US$ Mn) Comparison, By Additives Type
5.1.3.2. Revenue (US$ Mn) Comparison, By Application
5.1.4. Japan Specialty Fuel Additives Market Size and Forecast, 2012-2022
5.1.4.1. Revenue (US$ Mn) Comparison, By Additives Type
5.1.4.2. Revenue (US$ Mn) Comparison, By Application
5.1.5. APEJ Specialty Fuel Additives Market Size and Forecast, 2012-2022
5.1.5.1. Revenue (US$ Mn) Comparison, By Additives Type
5.1.5.2. Revenue (US$ Mn) Comparison, By Application
5.1.6. MEA Specialty Fuel Additives Market Size and Forecast, 2012-2022
5.1.6.1. Revenue (US$ Mn) Comparison, By Additives Type
5.1.6.2. Revenue (US$ Mn) Comparison, By Application
And Continue...
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James Hilton
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