(MENAFN- The Express Wire) Gasoline Octane Improvers Market Overview 2020 to 2026 I Global Industry Sales, Size, Share, Segmentation, Revenue and Trending Application Analysis (Petronas, LyondellBasell, Jiangsu Xinhai Petrochemical, Qatar Fuel Additives)
Posted on Oct 20 2020 12:05 PM
"Top Manufacturers of Gasoline Octane Improvers Market are:- BASF SE, SINOPEC, SABIC, Formosa Plastic Group, Huntsman, Reliance Industries, Petronas, LyondellBasell, Jiangsu Xinhai Petrochemical, Qatar Fuel Additives, and Others."
Gasoline octane improvers are additives that enhance the octane number of gasolines. Octane number is unit of measuring the anti-knock properties of a fuel. Enhancement in the octane number of fuels causes significant reduction in the emission of carbon. It also enhances the performance of the engine and allows fuel to withstand higher compression ratios.
The increasing demand for passenger vehicles is substantially increasing the demand for gasoline octane improvers market. For instance, Europe manufactured 19.2 million of vehicles in the year of 2018. The increasing adoption of additives like gasoline octane improvers to follow the rules imposed by governing authorities in different countries is likely to drive the market.
However, prolonged used of such fuel additive can potentially cause engine strain which is expected to hamper the market growth.
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Segmentation of Gasoline Octane Improvers Market:-
By Type:-
- Ethanol
- Ethyl Tertiary Butyl Ether (ETBE)
- Methyl Tertiary Butyl Ether (MTBE)
- Tertiary Amyl Methyl Ether (TAME)
- Others
By Application:-
- Automobile
- Aviation
- Marine
- Others
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold the largest share attributed to the increasing adoption of octane improvers by automotive sector. Additionally, the rules imposed by the National Highway Traffic Safety administration (NHTSA) regarding the air pollution caused by fuel burning is likely to positively impact the regional market. Asia Pacific is accounted to hold the second-largest share attributed to the increasing consumption of gasoline in countries like India, China, and South Korea.
Global Gasoline Octane Improvers Market Top Manufacturers:-
- BASF SE,
- SINOPEC,
- SABIC,
- Formosa Plastic Group,
- Huntsman,
- Reliance Industries,
- Petronas,
- LyondellBasell,
- Jiangsu Xinhai Petrochemical,
- Qatar Fuel Additives,
- and Others.
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KEY INSIGHTS:-
- Key Emerging Trends For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Research Methodology
The Gasoline Octane Improvers Market Industry report offers an in-depth evaluation of the chemical industry and the demand drivers for chemicals by highlighting information on several aspects of the market, including drivers, trends, opportunities, and challenges. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
These advancements will help companies to gain decisive advantage in the competitive landscape of the market. Companies are also adopting diverse strategies to stay ahead of their competitors. These strategies include: mergers and acquisitions, partnerships, collaborations, and new product developments, among others.
By Geography Analysis:-
- North America (U.S., and Canada)
- Europe (UK, Germany, Russia, Italy, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
- Latin America (Mexico, Brazil, and Rest of Latin America)
- Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)
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