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Petroleum Dyes Market Size, Industry Analysis Report, Regional Outlook

Petroleum Dyes Market Size, Industry Analysis Report, Regional

Crucial driving factor of petroleum dyes market is surging aviation industry by over 3% CAGR in the forecast timeframe. Rising passenger traffic in aviation industry will subsequently increase the aviation turbine fuel consumption and positively influence petroleum dyes market. The compound is used to identify fuel adulteration, corporate identity and mixing & blending errors. It is useful in identifying leakage of pipelines, containers and other material handling equipment that stores the fuel.

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Petroleum Dyes Market size will depict a healthy CAGR between 2017and 2024. The product is a colored perfumed compound that is added to gasoline and its derivatives for generating color. It is an unsaturated compound, soluble in water and has intense color. The substance can be natural or synthetic, they are in powder form and has higher value than liquid formulation. It is widely used in gasoline, diesel, marine and aviation fuels to give intense color and solubility in the machine.

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Increasing global marine transportation is anticipated to propel petroleum dyes market in near future. Water transportation has become major linkage across various regions, goods are transported from sea routes for its affordability and shorter distance. Nearly all the countries are connected through sea with each other. Marine industry growth can be predicted through annual growth rate of its insurance sector, which is 2.5% and is expected to boost product usage.

Flourishing vehicle sales has pumped up the petroleum dyes market. It is extensively consumed in gasoline and diesel for coloring. Surging population and increasing disposable income is boosting vehicles demand amongst youngsters. Further, these dyes are used in various automobiles as a coloring agent owing to its better solubility.

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Challenges in petroleum dyes market include downfall in the oil and gas investment industry. Oil and gas exploration expenditure has fallen by over 25% globally and has impacted gasoline products. Being the basic ingredient in gasoline, diesel and other derived products, the compound demand is hampered with the decline in related industry during past few years.

Reasons to Buy This Report:
1. Petroleum Dyes Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Petroleum Dyes Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

Petroleum dyes market is segmented by types such as ethyl, azo and fluorescent. On the basis of its form it is classified into powder, solvent and liquid. It is available in various colors including red, yellow, purple, black and green. The compound is used in various applications that comprises of gasoline, diesel, aviation and marine fuel.

The Petroleum Dyes Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Petroleum Dyes Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Petroleum Dyes Product Insights
16. Petroleum Dyes Application Insights
17.Petroleum Dyes Regional Insights
18. Competitor Profiles

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Significant producers in petroleum dyes market are retort chemicals, BASF, United color manufacturing, Orient Chemical industries, A.S Harrison and Pvt. Ltd., Steiner SAS, ADCO, Innospec Inc., The Dow Chemical, John Hogg & Co.Ltd., and Authentix. In 2014, BASF increased its price for pigment and colorants worldwide. Rise in products like azo has influenced the petroleum dyes market. Preliminary factor for elevating the price was market competition, high raw material costs as well as high cost of environment, health, safety and maintenance.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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