Cetane Number Improver Market Poised to Garner Maximum Revenues During 2016 - 2026
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Global Cetane Number Improver Market: Dynamics
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.
Global Cetane Number Improver Market: Segmentation:
On the basis of chemical compounds used, the global cetane number improver market is segmented into following;
2-Ethylhexyl nitrate (EHN)
Di-tertiary butyl peroxide (DTBP)
Other alkyl nitrates, peroxides, ether nitrates and nitroso compounds etc. are also some of the chemical compounds that are used for cetane number improvement. However, commercial use of such chemical compounds is rather limited.
On the basis of its application, the global cetane number improver market is segmented into following;
Petroleum Based Diesel
Global Cetane Number Improver Market: Regional Outlook
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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Global Cetane Number Improver Market: Market Players
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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