The report offers detailed coverage of Fuel Additives industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Fuel Additives by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Fuel Additives is used in heavy fuel oil to control high temperature corrosion and ash fouling of gas turbine hot section components.
In 2016, the global fuel additives market is led by Europe, capturing about 40.44% of global fuel additives production. North America is the second-largest region-wise market with 39.31% global production share.
At present, the major manufacturers of fuel additives are Chemtura(LANXESS), Baker(GE), Dorf Ketal, Systems Separation, Magna Group and Martin Marietta etc. Baker (GE) is the world leader, holding 23.39% sales market share in 2016.
In 2016, GCC region fuel additives consumption is 56.1 K MT, with a consumption share of 20.47%. Rest Asia region is the largest consumption region, especially Singapore, which is an important trade port. In 2016, Rest Asia region consumed 41.86% of global total consumption.
In application, fuel additives downstream application is electric power, vessel bunkering and others. Globally, the electric power consumption market is mainly distributed in GCC. Vessel bunkering is the largest application field of fuel additives. In 2016, vessel bunkering application share is 71.42%.
The report forecast global Fuel Additives market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Fuel Additives market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Chemtura
Baker(GE)
Dorf Ketal
Systems Separation
Turbotect
Innospec
Pentol
Martin Marietta
Van Mannekus
Magna Group
Turbine-Power-Cleaner
Conntect
Osian Marine Chemicals
At the same time, we classify Fuel Additives according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Magnesium Sulfonate
Magnesium Carboxylate
Magnesium Hydroxide
Others
Market by Application
Electric Power
Vessel Bunkering
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Fuel Additives market for the forecast period 2021 - 2025?
• What are the driving forces in the Fuel Additives market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Fuel Additives industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?