According
to IndustryARC, Bottled Fuel Additives Market is set to reach $484.6 Million by
2020, owing majorly to the looming demand from Automobile Industry.
**To Know More about “Bottled Fuel Additives
Market”, Download Sample Brochure of Premium Report:
\Application Brief:
Bottled
fuel additives are used in the aftermarket of lubricants industry. Some of the bottled
fuel additives being used in this industry include detergents, cetane
improvers, corrosion inhibitors, antioxidants, metal deactivators,
demulsifiers, flow improvers, octane improvers, and others. Recently there is
an increasing demand for environmentally friendly fuel additives for the
industry to avoid increasing environmental concerns. Bottled fuel additives
have found their way into various fuel applications such as diesel, gasoline,
biofuels, industrial fuels, marine fuels, aviation fuels. The additives used
for these purposes vary based on the requirements. Corrosion inhibitors, metal
deactivators find their applications in almost all fuels, but the quantity
depends on the requirements. For instance, cetane improvers are used fuels. The most often used additives in
aviation fuels are antioxidants and cold flow improvers.
Market Driving
Factors according to Segments:
In industrial sector, bottled fuel additives have become the additive of
choice for the better functionality of industrially important machines and
engines which include metal working and more. Hence, the increasing usage of
non-ferrous metals and demand for metal working fluids and lubricants will
further upsurge the bottled fuel additives market. For aviation sector,
additives are used to enhance the efficiency and fuel thermal stability of jet
fuels and aviation fuels. Therefore, bottled fuel additives will witness demand
for high quality fuel in various applications including automotive, industrial,
aviation, polymers and so on.
Regional Insight:
Europe is poised to be the largest market by 2020 followed
by the North American region. It has a comparatively higher share in this market as it is the major
consumer of biodiesel compared to any other region. According to European
Chemical Industry Council, CEFIC, the oil price in Europe fell by 57% from its
highest peak that is approximately $112 in June 2014 to $48 in January 2015.
This fall in oil prices will increase its demand and that of the additives used
to increase its efficiency. Asia-Pacific (APAC) has been a developing
market for fuel additives in terms of revenue and production capacity. With the
developing economies striving for economic progress, industrialization seems to
be on a positive growth rate. This industrialization has led to the demand for
increase in automotive, aviation and other industry applications.
**For Report Description, Table of Contents,
Companies Covered and Customization Options, Follow below Report Link:
Market Segmentation:
The Bottled Fuel Additives Market is broadly divided into
three types depending on various factors:
1.
By
Type: Corrosion Inhibitors, Demulsifiers, Cetane Improvers, Detergents and
Others.
2.
By
Application: Diesel, Gasoline, Biofuel and Others.
3.
By Geography:
Americas, Europe, APAC and RoW.
Market Key Players:
Some
of the companies which hold a major share in the production of bottled fuel
additives include BASF SE, Lubrizol, Baker Hughes, Clariant AG, and Innospec
Inc., among others. Lubrizol
held the maximum share accounting to 43.3% of the total bottled fuel additives
market in 2014. BASF SE comes next with a market share of 20.7%. Though BASF is
not a company exclusive to the additive manufacturing industry, its rapid
growth in this field is remarkable. Afton chemicals, Innospec Inc. and Clariant
AG have market shares of 18.9%, 9.5% and 4.6% respectively.
**Contact our Analyst @ http://industryarc.com/inquiry-before-buying.php?id=7366
**Premium Market Report on “Bottled Fuel
Additives Market” available. To Procure, Contact our Sales Manager.
About IndustryARC:
IndustryARC is a research and
consulting firm that publishes more than 500 reports annually in various
industries, such as Agriculture, Automotive, Automation & Instrumentation,
Chemicals and Materials, Energy and Power, Electronics, Food & Beverages,
Information Technology, Life sciences & Healthcare.
CONTACT:
Mr.
Sanjay Matthews
Sales
Manager
#:
+1-614-588-8538 (Ext: 101)
Facebook:
https://www.facebook.com/industryarc
Twitter:
https://twitter.com/IndustryARC
