"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Alkylate is a type of high octane gasoline component made by reacting light olefins like butylene from distinctive refinery source like steam cracking units, fluid catalytic cracking unit with isoparaffins like isobutene where the reaction is acid catalyzed reaction. The process used is termed as alkylation where excess gases from distillation unit and crude oil cracking plant is combined to make liquid alkylate. Isooctane is an important component of gasoline which is used in large proportions to increase the knock resistance of the fuel.
Increasing demand from aviation industry is expected to drive the market. Alkylate is one of the cleanest petroleum product which makes it environment friendly further complying the rules imposed about clean burning. Additionally, the increasing demand for fuel all across the world is boosting the market growth.
However, there are various anti-knocking agents in the market which are comparatively cheaper and have high performance like ferrocene, methylcyclopentadienyl manganese tricarbonyl (MMT), Iron pentacarbonyl and other. This is expected to hinder the market growth.
Based on type, the global alkylate isooctane market is segmented into alkylate and isooctane. Based on application, is segmented into automotive, aviation, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing demand from aviation sector.
Key Market Restraint -
Availability of better anti-knocking agents.
The global alkylate isooctane market consists of global & regional players operating. Some of the key players in the market include, Chevron Corporation, Exxonmobil, Sabic, Shell, BP, ConocoPhillips, DOW, Petrobras, Reliance, Jena Bioscience, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold largest share in market attributed to the ample number of manufacturers present in Asian countries like China, India, and Japan. North America is estimated to hold significant share due to the high demand for alkylate and isooctane fuel for aviation industry. Europe is expected to show considerable growth. The growth in tourism industry in Europe has boosted the demand for aviation fuel. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry