The global demand for Alkylate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Alkylate is a high-octane mixing element for motor gasoline and aviation gasoline. Alkylate is obtained by reacting light olefins, such as butylenes, from refinery sources, fluid catalytic cracking units, or steam cracking units, with isoparaffins isobutane, in the presence of an acidic catalyst. Alkylate is highly used in avgas (alkylate fuel) production, an aviation fuel used in aircraft with spark-ignited internal combustion engines. As the aviation sector is recovering gradually yet firmly, it is contributing steadily to raising industry revenue.
Market Dynamics
A significant factor driving the growth of the global to alkylate market over the forecast period is the rising utilization of alkylate in automotive and aviation and industries due to its excellent properties such as low aromatics content and low sulfur content, and low vapor pressure. Further, the growing adoption of alkylate in the automotive sector is another factor likely to encourage the growth of the market owing to its properties of high octane and low volatility hydrocarbon that can be added to aviation fuel and motor gasoline to increase the octane rating without violating stringent volatility specifications.
Rising demand for alkylate gasoline among forestry applications is likely to drive the market's growth due to increasing utilization and demand for alkylate gasoline in a broad range of smaller engines such as lawnmowers and chainsaws, outboard engines, snow throwers, leaf trimmers, etc. and for other powered tools.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of alkylate. The growth and trends of Alkylate Industry provide a holistic approach to this study.
Market Segmentation
This section of the alkylate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Sulfuric Acid Alkylation
- Hydrofluoric Acid Alkylation
By Application
- Automobile Industry
- Aviation Industry
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Alkylate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Alkylate Market Share by Region (Representative Graph)
Know more about this report: Download free sample
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the alkylate market include Reliance Industries Ltd., Petróleos de Venezuela, S.A, Marathon Petroleum Corp., Exxon Mobil Corp., PJSC LUKOIL, BP plc, Valero Energy Corp., Royal Dutch Shell plc, Petróleo Brasileiro S.A., BASF SE, Chevron Corp., Valero Energy Corp., PetroChina Company Ltd., and Ningbo Haiyue New Materials Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.