Los Angeles, CA -- (SBWIRE) -- 04/30/2019 -- A recently published report by QY Research, titled "Global Alkylate Market Report, History and Forecast 2014-2025," provides elaborate knowledge on the market size, important growth factors, and key players dominating the market. The report offers a deep review of the market while focusing on key aspects such as applications and industry value chain. The researchers used bottom-up and top-down approaches to analyze the current scenario of the global alkylate market. According to the report, the global alkylate market attained a value of US$74.8 Bn in 2018 and is forecast to touch US$88.8 Bn by the end of 2025. The market is anticipated to register a sluggish CAGR of 2.5% over the assessment period of 2019-2025.

Global Alkylate Market: Drivers and Restraints
Growing penetration of alkylate-blended gasoline and increasing demand for automobiles are foreseen to push the growth of the global alkylate market during the assessment period. The rising use of alkylate in the automotive and aviation industries due to its properties such as low aromatics content, low vapor pressure, and low sulfur content is driving the growth of the market. The increasing demand for alkylate gasoline in forestry applications is expected to fuel the growth of the market throughout the assessment period.

Growing use of alkylate gasoline for smaller engines used in snow throwers, lawnmowers, outboard engines, chainsaws, and leaf trimmers is driving the market growth. Other factors such as increasing demand for automobiles due to rising disposable income, changing lifestyle, and growing population coupled with stringent government regulations for passenger and vehicle safety are expected to provide profitable growth opportunities in the market.

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However, rising penetration of electric vehicles is one of the factors predicted to hamper the growth of the global market for alkylate throughout the forecasted period.

Global Alkylate Market: Forecast by Segmentation
Based on the application, the global alkylate market is segmented into the automobile industry, aviation industry, and others. On the basis of product type, the global market is segmented into hydrofluoric acid alkylation and sulfuric acid alkylation.

Global Alkylate Market: Forecast by Geography
Asia Pacific is expected to grow at a remarkable rate due to rising government investments in the automobile and aviation industries. The growing interest in air travel is projected to push the demand for aviation gasoline in the region. This is expected to drive the growth of emerging economies such as India and China throughout the assessment period. North America is foretold to grab a significant market share in the coming years. Europe is also expected to gain a remarkable market share in the years to come.

Global Alkylate Market: Key Players
Sinopec, Reliance, Cnooc, PDVSA, Yikun Group, Marathon Petroleum, Huabang Group, ExxonMobil, Shandong Wanfuda Chemical, LUKOIL, PetroChina Company, BP, Haiyue, Valero, Chevron Corporation, Shell, Total, Sunooco, and Petrobras are some of the major companies that are operating in the global alkylate market.

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