Cetane Number Improver Market Current and Future Trends to 2026

Global cetane number improver market can be divided into seven major regions including North America, Eastern Europe, Asia Pacific, Japan, Latin America, Western Europe and Middle East & Africa. North America and Europe are expected to account for significant shares in overall global cetane number improver market during forecast period, however, developing regions such as Asia Pacific and Latin America are expected to register relatively faster growth during the same period. Stringent regulatory guidelines over the fuel characteristics in regions such as Europe and North America are expected to be major factors that are expected to drive the increasing demand for cetane number improvers in these regions over forecast period. Initiatives such as those in European Union, directed towards increasing use of biofuels in transportation sector are expected to in turn boost the demand for cetane number improver over the forecast period.

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Some of the players operating in global cetane number improver market include BASF SE, The Lubrizol Corporation, Innospec Specialty Chemicals, Chevron Oronite Company LLC., Eurenco, Nitroerg SA, Cestoil Chemicals Inc., Kutch Chemical Industries Ltd., EPC-UK, Dorf-Ketal Chemicals India Private Limited among others.

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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Global cetane number improver market is expected to witness a steady growth during forecast period. Blending of biodiesel with conventional diesel results in a blend having relatively lower cetane number. Government regulations, especially in countries such as Brazil, U.S., Argentina, Germany and Spain, among others, pertaining to mandatory blending of biodiesel with diesel are expected to gain momentum during forecast period. As such, the demand for cetane number improvers is expected to in turn witness a steady growth during forecast period. Furthermore, increasing diesel fuel consumption in power generation and other application areas is expected to drive the growth in demand for cetane improvers over forecast period. Also, increasing preference for diesel fuel exhibiting complete combustion characteristic along with low exhaust emissions, is another factor that is expected to fuel the growth of additives like cetane improvers, antifoaming agents, cleaning additives, among others. However, relatively complex and precarious process involved in cetane number improver production coupled with relatively higher prices of these chemical compounds is expected to act as an impediment to growth of overall global cetane number improver market during forecast period.

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