Dallas, Texas (PRWEB) January 13, 2013
Worldwide demand for fuel additives are expected to increase 4.7% per year to 26.5 billion kilograms in 2016, with demand in value terms advancing 8% per year to $59.4 billion over the same period. Oxygenates, which dominate the market, will continue to account for more than 94 percent of demand in volume terms through 2021. Growth in the overall fuel additive market will be buoyed by very rapid increases in the consumption of petroleum fuels in China and other developing nations as well as by changing technology and regulatory environments that result in higher additization rates.
The largest gains among specialty additives are expected to be in deposit control agents such as detergents. The most rapid gains, however, will be seen in cold flow improvers, promoted by increasing biodiesel blending and declining levels of sulfur in diesel fuels, as air pollution concerns lead to the phase-in of lower sulfur diesels in developing regions.
Other specialty fuel additives market will also be impacted by expanding biodiesel and ethanol consumption. Demand for antioxidants and corrosion inhibitors will particularly benefit, with antioxidants also receiving a boost from increased standards for fuel quality. Biodiesel will have a limiting effect on fuel additive demand by restraining growth in cetane improvers and lubricity improvers.
Among the three major applications for fuel additives (gasoline, distillate fuels, and other refined petroleum products), gasoline is expected to be the fastest growing end use for fuel additives, with gains particularly buoyed by a strong demand for oxygenates. Distillate fuels represent the largest end use for specialty additives, and demand for distillate additives has been impacted by a shift from gasoline to diesel vehicles in several regions. This, in addition to the changing fuel blends with lower sulfur content and higher levels of biodiesel. Other petroleum fuels, such as jet fuel and marine fuel, require much lower volumes of additives, so this application is expected to remain the smallest.
Profiles for 45 global competitors such as Baker Hughes, BASF, Chevron, Huntsman, Infineum, Innospec, LyondellBasell Industries, New Market, Saudi Basic Industries, and TPC Group are included in this research.
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The report Fuel Additives Market - By Diesel, Gasoline & Aviation Applications, Types (Deposit control, Antioxidant, Corrosion inhibitor, Lubricity and Cetane improvers) – Global Trends & Forecast to 2017 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 fuel additives are in the Asia-Pacific and Eastern Europe regions, whereas mature North American and West European markets are predicted 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.
This research profiles leading players of this industry including : Lubrizol Corporation (U.S.), Innospec Inc. (U.S.), Afton Chemical Corporation (U.S.), Infineum International Ltd (U.K.), NAND ipl (India), International Fuel Technology Inc. (IFT) (U.S.), Abhitech Energycon Ltd (India), BASF Corporation (Germany), Energenics Europe Ltd (U.K.), Cerion Energy (U.S.), M7 Complete Manufacturing Sdn Bhd (Malaysia), Fuel Additive Science Technologies Limited (FAST) (U.K.), Deepak Nitrite Ltd (India), Chevron Oronite Company LLC (U.S.), Cummins Filtration Inc. (U.S.), ACPA - ALEX Co. For Petroleum Additives (Egypt), Chemtura Corporation (U.S.), Total Additives & Special Fuels (France) and Baker Petrolite Corporation (U.S.).
This research report categorizes the global market for fuel additives on the basis of applications, types, and geography. It forecasts volume and revenue as well as analyzes 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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