Dallas, Texas (PRWEB) November 07, 2012
Fuel additives are the chemicals that are used to enhance the properties of the fuel to which these are added. These are mixed with fuel such as gasoline, diesel, aviation fuel, fuel oil, etc. to improve fuel efficiency and economy. These help the fuel in meeting environmental emission control standards and improve engine or vehicle performance. Apart from these qualities, the fuel additives serve other purposes such as reduction of corrosive effects, enhance combustion properties, and develop various grades of fuel blends required for various commercial, automotive, industrial, and aerospace sectors. Fuel additives are designed to meet the increasingly stringent environment norms as various countries are implementing regulations to control emissions. Stringent environmental regulations, increasing demand for clean and efficient fuel, and depleting crude reserves are the main market drivers of the fuel additives market.
Fuel additives market is witnessing an increase in demand due to the increasing consumption of Ultra Low Sulphur Diesel (ULSD), which requires more dosing of additives. Though the gasoline consumption has experienced a dip worldwide but the unleaded gasoline used nowadays requires more dosing of additives, than the regular gasoline. Better and improved aviation fuel also requires heavy dosing of additives.
This report on fuel additives market segments the market by ten mostly used additives types such as deposit control additives, cetane improvers, antioxidants, dyes & markers, lubricity improvers, cold flow improvers, stability improvers, corrosion inhibitors, octane improvers, and anti-icing. The increasing utilization of fuel in different sectors necessitates the innovation and development of enhanced fuel additives to derive maximum performance out of the fuel and machines.
The best growth opportunities for the fuel additives are in the Asia-Pacific and Eastern Europe region, whereas mature North American and West European markets are predictable to register a modest growth. Moreover, China will be the fastest-growing country in global fuel additives market as its strong economic growth continues. In mature markets such as the U.S., Western Europe, and Japan growth will be driven more by the stricter implementation of environmental regulations.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of fuel additive market. The primary sources – experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of fuel additives.
Scope of the report:
This research report categorizes the global market for fuel additives on the basis of applications, types, and geography; forecasting volume and revenue; and analyzing trends in each of the submarkets:
On the basis of applications:
The fuel additives market is segmented into major applications such as diesel, gasoline, and aviation fuel. Each application is further described in detail in the report with volume and revenue forecasted for each application.
On the basis of product type:
The fuel additives market is segmented into ten major types such as deposit control additives, cetane improvers, antioxidants, dyes & markers, lubricity improvers, cold flow improvers, stability improvers, corrosion inhibitors, octane improvers, anti-icing, and others.
On the basis of geography:
North America, Europe & Eurasia, Asia-Pacific, Latin Africa, Middle East & Africa, and key countries in every region.
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1. Abhitech Energycon Limited
2. Afton Chemical Corporation
3. Acpa – Alex Co.
4. Baker Petrolite Corporation
5. Basf Corporation
6. Cerion Energy Inc.
7. Chemtura Corporation
8. Chevron Oronite Company Llc
9. Cummins Filtration Inc.
10. Deepak Nitrite Ltd
11. Energenics Europe Ltd
12. Fuel Additive Science Technologies Limited (Fast)
13. International Fuel Technology Inc. (Ift)
14. Infineum International Ltd
15. Innospec Inc.
16. M7 Complete Manufacturing Sdn Bhd
17. Navran Advanced Nanoproduct Development International Pvt. Ltd (Nand Ipl)
18. The Lubrizol Corporation
19. Total Additives And Special Fuels
The US specialty fuel additive market will rise at a healthy pace, reaching $1.6 billion by 2016. Advances will be driven by a rebound in petroleum fuel demand as the economic recovery continues to strengthen, and an increase in additive rates due to greater biofuel consumption as mandated by the federal government. Additionally, market growth will reflect further price inflation, though at a slower pace than during the 2006- 2011 period.
Going forward, government regulations will play a significant role in the demand for specialty fuel additives. The EPA will raise the amount of biodiesel and ethanol usage in the fuel supply in an effort to meet the requirements of the Renewable Fuel Standard 2 (RFS2). These biofuels require the usage of different specialty fuel additives. For example, the EPA’s move to allow up to 15 percent ethanol blends in gasoline will stimulate corrosion inhibitor demand.
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