North America emerged as the leading consumer for specialty fuel additives and accounted for 29.9% of the total market in 2012. Ban on MTBE in the U.S. has been acting as one of the major factors driving the market for specialty fuel additives in North America.
Albany, NY -- (SBWIRE) -- 10/28/2015 -- Stringent regulations by government and environment regulatory bodies are expected to primarily drive the global market of specialty fuel additives. Increasing consumption of biodiesel and ultra low sulfur diesel (ULSD) are projected to boost fuel additives demand especially cold flow improvers, lubricity improvers and cetane improvers. In addition, innovation and introduction of new engine technologies are leading to growth in differentiation of various fuel additives for specific functions. Moreover, increasing consumption of fuels in various developing countries such as India and China are projected to boost the fuel additives demand.
The study provides the estimates and forecasts of the global specialty fuel additives market in terms of volume and revenue for the forecast period from 2013 to 2019. The report provides the complete value chain for specialty fuel additives and analyzes key players in the chain. The study also includes major driving and restraining factors and their impact on the market. The specialty fuel additives study analyzes the competition with the help of Porter's five force model and provides detailed analysis of bargaining power of suppliers, of buyers, threat of substitutes, threat of new entrants and degree of competition.
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The study segments the global specialty fuel additives market based on products, application and geography. In each segment analysis, the report provides specialty fuel additives market estimates and forecast based on volumes and revenue. The specialty fuel additives report segments products into deposit control additives, cetane improvers, antioxidants, lubricity improvers, cold flow improvers, corrosion inhibitors and other. Applications are segmented into gasoline, diesel, aviation turbine fuel (ATF) and others. The specialty fuel additives report provides product and application segment estimates and forecasts for geographies including North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
The specialty fuel additives study analysis each product segment with the help of the market attractiveness tool. It also analysis market shares of key players in the specialty fuel additives market. The specialty fuel additives report gives key company profiles with parameters such as company overview, financial overview, business strategies, SWOT analysis and recent developments. Some of the key players included in the specialty fuel additives report are Baker Hughes, BASF SE, Chevron, Infineum, Innospec and Lubrizol among others.
The study also includes company market share analysis with company profiles of the major players in the specialty fuel additives market. The company profiles provide company information such as company overview, financial overview, business strategies, SWOT analysis and recent developments. The major players in the specialty fuel additives market include Exxon Mobil, Royal Dutch Shell, BP Plc, Sinopec, Chevron Corporation among others.
Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed the key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities. Secondary sources referred for specialty fuel additives study include, Oil and Gas Journal, Society of Automotive Engineers, Additives Technical Committee (ATC), Environmental Protection Agency (EPA), World LP Gas Association, EUROPA (European Union), U.S. Department of Energy (DOE) and U.S. Energy Information Administration.
The report segments the global specialty fuel additives market as,
Specialty Fuel Additives Market: Product Segment Analysis,
Deposit control additives
Cetane improvers
Antioxidants
Lubricity improvers
Cold flow improvers
Corrosion inhibitors
Other (including dyes & markers, metal deactivators, etc.)
Specialty Fuel Additives Market: Application Analysis,
Gasoline
Diesel
Aviation Turbine Fuel (ATF)
Other (including marine fuels, heating oil, etc.)
Specialty Fuel Additives Market: Regional Analysis,
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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