Press release
Demand For Alkylate Market Is Set To Grow Steadily Over The Coming Years
Market SnapshotAccording to Fact.MR’s recent study on the global alkylate market, the market is expected to exhibit modest growth, ascending at around 2.5% CAGR through 2031. Expected valuation by the end of the forecast period is approximately US$ 100 Bn, with projections for 2021 indicating a market value worth US$ 78.1 Bn. Demand from the aviation and automobile sectors coupled with advancements in manufacturing infrastructure is expected to drive growth further over the coming years.
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Key Points Covered in Alkylate Industry Survey
Market Estimates and Forecasts (2016-2031)
Key Drivers and Restraints Shaping Market Growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand Share and Market Share Analysis
Key Product Innovations and Regulatory Climate
Assessment by Product Grade / Purity / Formulation Standards
Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
Certifications and Compliance Requirements
COVID-19 Impact on Alkylate and How to Navigate
Recommendation on Key Winning Strategies
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Consumption Analysis of Alkylate from 2016-2020 Vs Market Outlook for 2021 to 2031
As per Fact.MR – market research and competitive intelligence provider, during the historic period of 2016 to 2020, the market registered a moderate growth rate and value sales of alkylation increased at around 2% CAGR.
Demand for alkylate grew steadily over the past years, creating substantial growth opportunities for key players. Though the industry came across difficulties in 2020 due to the outbreak of the COVID-19 pandemic, the overall industry outlook has remained positive over the past decade.
With key end-use segments such as automobiles, aviation, and agriculture, to name a few, gaining traction again, demand for alkylate is set to grow steadily over the coming years. An increase in government expenditure on these key end-use sectors and a rise in research & development (R&D) activities by alkylate manufacturers are likely to further propel the demand and supply of alkylate through 2031.
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Key Segments Covered
Production Process
Sulfuric Acid Alkylation Process
Hydrofluoric Acid Alkylation Process
Others
End Use
Alkylate for Aviation
Alkylate for Automobiles
Alkylate for Agriculture
Alkylate for Electronics
Others
Application
Solvents
Surfactants & Synthetic Sulfonates
Specialty Lubricants
Functional Fluids
Additives
Others
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Competitive Landscape
Prominent manufacturers of alkylate are emphasizing on expanding their production and manufacturing capabilities, attributed to the increase in demand across key end-use industries. Notable developments in the alkylate industry are mentioned below:
In April 2021, Chevron Corporation and Honeywell announced the commissioning and start-up of the world’s first commercial-scale ISOALKY™ process unit that utilizes ionic liquids to produce alkylate. The ISOALKY™ technology represents a major innovation in alkylation technology.
In March 2021, Lummus Technology announced a start-up of its CDAlky® C5 alkylation unit at Valero's St. Charles Refinery in Norco, Louisiana. The capacity of the alkylation complex is 17,000 BPSD of Alkylate products.
In January 2019, Royal Dutch Shell (Shell Chemical) initiated production of its fourth alpha olefins (AO) unit at its Geismar, Louisiana chemical manufacturing site. The 425,000 ton-per-year capacity expansion has increased total production capacity to 1.3 million tons per annum
For More Insights- https://www.einpresswire.com/article/556416978/sales-of-upper-extremity-prosthetics-is-all-set-to-witness-a-healthy-cagr-of-6-through-the-forecast-period
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