As per this study the Global Refinery Fuel Additives Market was valued USD XX BN (by revenue) in 2019 and is anticipated to reach USD XX BN by 2026 with a CAGR of XX%.
Refinery fuel additives are the chemicals added in refinery fuels to increase its performance. This includes antioxidants, flow improvers, conductivity improvers, lubricity improvers, fuel dehazer, dewaxing aids and others. These additives are mixed to improve operational performance at various stages in fuel processing. It is used in production of gasoline, middle distillates, aviation fuel, and others.
Rising global demand for efficient fuels is driving the market growth. Use of additives to increase fuel performance and thus, overall productivity is fueling the market growth. Also, ongoing research activities for production of more advance and efficient refinery fuels is likely to trigger the market demand in forecasting period. However, high cost of refinery additives is restraining the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of refinery fuel additives.
The broad refinery fuel additives market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Antioxidant, Cold Flow Improvers
- Conductivity Improvers
- Octane Improvers
- Cetane Improvers
- Lubricity Improvers
- Gasoline Production
- Diesel Production
- Aviation Fuel Production
- Middle Distillates Production
- Residual Fuels Promotion
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for refinery fuel additives in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Refinery Fuel Additives Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the refinery fuel additives market include Afton Chemical, BASF SE, Callington Haven, Clariant, Dorf Ketal, ECIC, Infineum, Innospec, Nalco, Racheme Fze, Total S. A, and WRT BV. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.