Emission and Fuel-related Regulations Strengthen in Emerging Economies, Fuel Additives Consumption Spurred, reports TMR

The global market for fuel additives shows a medium level of consolidation. The top three players – Innospec, Afton Chemical Corporation, and The Lubrizol Corporation – collectively took up 28.5% of the global market value in 2014. As stated in a research report released by Transparency Market Research, one of the key reasons for the consolidation of the global fuel additives market is the intensive amount of research and development required by the companies to stay ahead of the curve.

Regulatory pressure is very high on manufacturers of fuel additives and can keep new players from entering this market. At the same time, research and development efforts can be highly capital intensive, further restricting players from proliferating in the market.The global market for fuel additives is expected to expand at a CAGR of 8.3% in terms of revenue, within a forecast period from 2015 to 2023. This revenue is expected to reach US$1.62 bn by the end of 2016 and US$2.64 bn by the end of 2023.

View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=982

Deposit control fuel additives have consistently enjoyed high priority by the automotive industry, owing to the excessive amount of overconsumption that occurs due to the formation of deposits on injector nozzles. By the end of 2023, deposit control fuel additives are expected to reach US$4.26 bn in revenue.

North America has consistently been the leading consumer of fuel additives over the past few years. It is expected to remain the dominant region till 2023, owing to very strict regulations and emission standards being followed by the auto industry. By the end of 2023, North America is expected to generate US$1.52 bn in revenue for fuel additives manufacturers.This region is also showing a very optimistic growth rate in its demand for fuel additives due to the growing consumption of ultra-low-sulfur diesel variants, which require a high amount of fuel additives. Asia Pacific on the other hand, is showing a higher growth rate in its demand for fuel additives. Between 2015 and 2023, Asia Pacific is expected to display a CAGR of 9.2% in terms of revenue.

Browse The Full Article Here: http://www.transparencymarketresearch.com/fuel-additives.html

High Awareness is Key to Greater Consumption of Fuel Additives

“Two of the key reasons why the consumption of fuel additives is exceptionally high in North America and Europe are awareness and regulatory pressure. Consumers in both regions are more aware of the presence of various types of fuel additives due to the varied nature of fuel type requirements,” states a TMR analyst.

Both regions are also subject to very high regulatory pressure in terms of emission rates and pollution control. The rising amount of greenhouse gases in the atmosphere is pressuring governments to come up with stricter regulations pertaining to emissions and usage rates of nonrenewable fuels.

Presence of Alternatives Hampers Growth of Fuel Additives

The high rate of research and development in eco-friendly fuel alternatives are expected to act as a barrier to the growth in consumption of fuel additives over the coming years. Fossil fuel alternatives such as biodiesel, propane, natural gas, hydrogen cells, and even ethanol are being seriously considered at feasible options to be used in automobiles. The complication is that these alternative fuels do not require much in terms of additives to improve efficiency or lower emission rates.

“This could change in the future, as the growing scope of applications of bio-based chemicals can be extended to fuel additives as well. Bio-based fuel additives are in fact, expected to pose a serious threat to synthetic fuel additives over the coming years,” adds the analyst.

Global Fuel Additives Market, by Product

Deposit control additives
Cetane improvers
Antioxidants
- Amines
- Hindered phenols
- Others (mixture of alkyl phenols and aromatic diamines)
Stability improvers
Lubricity improvers
Corrosion inhibitors
Cold flow improvers
Others (Including dyes and markers, metal deactivators, fuel dehazers, etc.)

Global Fuel Additives Market, by Application

Gasoline
Diesel
Aviation fuel
Others (Including heating oils, etc.)

The information presented in this review is based on a Transparency Market Research report, titled, “Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.”

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Market Research Reports

Search This Blog