Refining Additives Market Market Participants GE Power & Water, Albemarle Corporation, The Lubrizol Corporation,BASF SE, Dorf-Ketal Chemicals India Private Limited
Refinery additives (RA) are the compounds or chemicals that are used to improve and boost the performance in different refinery processes and the end-product fuels. The fuel performance is increased to meet and achieve the fuel specifications regulated by the government bodies and authorities. These refinery additives are generally added during the refinery process and also can be used to enhance and modify the performance of specific end-product specifications, such as motor spirit and diesel. The refinery additive products are used in numerous refinery processes such as reformer system, distillation, filling plant process, process cracker, desulfurization, coker, catalytic reforming, vacuum distillation and many more. These refinery additive products are only used by oil and gas downstream industry. There are numerous types of refining additives, such as antioxidants, stabilizers, antifoulants, defoamers, octane booster, catalyst regenerators, cold flow properties, biocides, cetane number improver, and amine solution, among others. Furthermore, more products comprise lubricity improvers and metal deactivators. Refining additives products are used in several end-use petroleum products, such as diesel, gasoline, asphalt, and aviation fuel, among others. With the help of refinery additives the major downstream players are increasing their refinery throughputs and productivity. These type of refining additives are formulated through different processing techniques and formulated in such way to fulfill the different end-use demand. In the construction industry, people are concerned about the health issues related to bitumen application. Recently, one of the company developed the H2S scavenger to address these types of industry challenges.
Refining Additives Market: Drivers and Restraints
Globally, the refining additives market is witnessing a huge demand and growth in the previous few years and the similar trend will be followed in the forthcoming years. The key reason hidden behind the enormous demand of refining additives is the end use need for high specification imposed by the government for the fuel usage. Nowadays, people are particularly focusing on the vehicle performance in terms of pickup and average. In order to increase the mileage and pick up performance, refinery operators are using cetane and octane boosters in diesel and gasoline products, respectively. In order to achieve competitive advantage many refinery operators are increasing their nelson index, i.e., complexity of the refinery and also focusing on the expansion of their refinery operation, which further fuels the demand of refining additives. Also technological advancements help in the formulation of refining additives with increase efficacy and in a cost-effective way generates the demand for refining additive in the near future. However, volatile crude oil prices in last 3-4 years moulds major upstream companies to close down its operations in order to reduce their losses will hamper the oil production rate. Sudden decline in oil production rate hampers the refinery production and also hampers the refining additive consumption.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5706
Refining Additives Market: Segmentation
By Product type, the refining additives market can be segmented as:
Hydrogen Sulfide Scavenger
Cetane number improver
By Application, the refining additives market can be segmented as:
Crude Oil Processing
Fluid Catalytic Cracking
Refining Additives Market: Regional Outlook
The global refining additives market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2016, North America is leading in terms of consumption and holds the maximum market share due to extensive refinery network followed by Western Europe and MEA. Complex refinery set up and expansion plans helps the Asia pacific region to grow with a significant rate in the near future. Latin America is also expected to grow with a moderate CAGR during the forecast period.
Examples of some of the market participants in the Global Refining Additives Market identified across the value chain include:
GE Power & Water
The Lubrizol Corporation
Dorf-Ketal Chemicals India Private Limited
Johnson Matthey PLC
Clariant AG Switzerland
NALCO Champion (Ecolab)
Exxon Mobil Corporation
Infineum International Ltd
Evonik Industries Ag
Request to View TOC @ https://www.futuremarketinsights.com/toc/rep-gb-5706
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Refining Additives Market Market Participants GE Power & Water, Albemarle Corporation, The Lubrizol Corporation,BASF SE, Dorf-Ketal Chemicals India Private Limited here
News-ID: 1491577 • Views: 1354
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Refining
Oil Refining Pumps Market |
The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela. The demand for
Global Planned Refining Industry Outlook to 2023 - Global Planned Refining Indus …
This research study added to the broad database of Market Research Hub (MRH) focusing on the Global Planned Refining Industry Outlook to 2023 - Capacity and Capital Expenditure Forecasts with Details of All Planned Refineries delivers an in-depth outlook to present information about executive summary and key performance indicators. Furthermore, readers can gather knowledge about the economic status, demographics and competitive landscape which is prevailing in the concerned industry during
Oil Refining Market – Regional Outlook Study 2028 | Exxon Mobil, SINOPEC
Global Oil Refining Market: Overview The global oil refining market is expected to grow at a phenomenal pace in the in coming years as the demand for energy continues to be on the rise. As developing economies find themselves on the cusp of industrial and economic progress, the countries are expected to need a huge amounts of energy to keep up with rapid progress. The market for oil refining will also
Ladle Refining Furnace Industry Analysis by 2025: QY Research
This recently published report examines the global Ladle Refining Furnace market for the projected period of 7-years, i.e. between 2018 and 2025. The report highlights the accomplishments and opportunities lies in the market throughout the forecasted period. The report offers the thorough information about the overview and the scope of the global Ladle Refining Furnace market along with its drivers, restraints, and trends. It also classifies the market into different
ARTC - Asia Refining Technology Conference
ARTC - National Resilience Council Indonesia (NRCI), Indonesia Defence University and Institute of Sciences Indonesia are confirmed to co-host the 20th Annual ARTC (Asia Refining Technology Conference) taking place in Jakarta on 29 – 30 March. Lt Gen Nugroho Widyotomo, Secretariat General of National Resilience Council Indonesia will give an Opening keynote address on “Vision for Indonesia’s refining future: meeting demand and creating a sustainable downstream industry”. By the organisers of
Global Refining Catalyst Market 2016-2020
About Catalyst A catalyst can be defined as a component that accelerates a chemical reaction without taking part in the process. The amount of catalyst required is small compared to the amount of reactants. In most cases, the entire quantity of catalyst is recovered at the end of the reaction process. In refining, catalysts play an important role in cracking heavy carbon chains into lighter products such as diesel and gasoline.