$480 Million Octane Improver Market – Global Forecasts to 2022: Key Players are Valero Renewables Fuels, Dorf Ketal Fuels, LyondellBasell Industries, BP & BASF – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Octane
Improver Market – Global Drivers, Restraints, Opportunities, Trends, and
Forecasts up to 2022" report has been added to ResearchAndMarkets.com's
offering.

The global octane improver market is expected to grow at a CAGR of 7.5%
during the forecast period 2016-2022 to reach $480.8 million by 2023.

This technology created a revolution in fuel and its storage industry as
this has provided a long-term benefit at low cost. The increasing
concern toward environment protection, where fuel consumption is a major
issue, provides a promising growth potential for the octane improver
market, that has the maximum demand. The market has an advantage of its
properties, that helps in increasing its fuel efficiency, and
environment improvement. The high demand for this is coming from the US
and European countries for the advanced technologies in passenger
vehicles.

This gives North America a lead in the global octane improver market.
Apart from this, European countries are also developing high demand,
following North America, owing to the higher consumer acceptance and
high demand from the automotive and marine sector. Asia Pacific followed
Europe and accounts for the third largest market for octane improver
with the presence of large petrochemical industry and the presence of
big Chinese market.

Within various end-user areas, automotive is highly dominating the
market in overall octane improver across regions owing to the high
adoption rate and presence of large consumer base. Other than
automotive, the marine & aviation industry is also increasing its market
during the forecast period due to increasing investments and R&D
innovations along with government interventions.

Some of the key players in the octane improver market are Valero
Renewables fuels, Dorf Ketal Fuels, LyondellBasell Industries, BP Plc,
BASF SE etc.

Report Scope:

Additive Types

• Ethanol
• MTBE
• Methanol
• Others

End-users

• Automotive
• Marine & Aviation
• Others

Vendor Profiles

• Valero Renewable Fuels Company, LLC
• Dorf Ketal Chemicals
• LyondellBasell Industries N.V.
• BP Plc
• BASF SE

Customers Profile

• Royal Dutch Shell plc
• China Petroleum & Chemical Corporation (Sinopec)
• Hindustan Petroleum Corporation Limited (HPCL)
• Exxon Mobil Corporation
• Chevron Corporation

Companies to Watch for

• Tesla
• DorfKetals

For more information about this report visit https://www.researchandmarkets.com/research/8vr5qb/480_million?w=4

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