Anti-gelling Additives Market: Overview
Anti-gelling additive is a type of additive used for diesel fuels and all grades of heating fuel oils. These additives reduce the pour point by as much as 25°F to keep fuel flowing to engines and boilers in cold weather. They also modify the shape and structure of wax crystals as they form in the cold oil, preventing clogging of lines and filters. Anti-gelling additives eliminate the failures of oil-fired boilers, furnaces, diesel trucks, and generator engines in cold weather. Diesel fuels contain wax. Therefore, an anti-gel additive is added to diesel. Usually, the wax is a liquid solution in the fuel. The wax causes fuel to gel, and gelled fuel (or crystals) can block engine fuel filters. The engine can gel up completely and stop working if the temperature is low.
Anti-gelling Additives Market: Trends & Development
Anti-gelling additives lower pour point and inhibit the gelling of the fuel. Anti-gelling additives also help stabilize the fuel, eliminate the need for tank heaters, and also keep all types of the fuel oil and diesel fuel flowing in cold weather. Anti-gelling additives are generally used in municipalities, hospitals, bus garages, utilities, school buses, building maintenance, heavy equipment operators, and fleet operation companies. Anti-gelling additives are compatible with the following materials of construction: mild steel, 304 stainless steel, Teflon, and Viton.
Companies are striving to increase fuel efficiency due to the rise in prices of fuel and gases. Demand for removal and cleaning of harmful deposits in engines has significantly propelled the demand for anti-gelling additives globally. Furthermore, rise in usage of anti-gelling additives enhances functioning of the fuel and helps protect the fuel system. Anti-gelling additives also help improve the functioning of power of the engine and acceleration in cold weather conditions.
Anti-gelling Additives Market: Key Segments
In terms of application, the global anti-gelling additives market can be segmented into diesel fuel tanks, heating oil fuel tanks, and paints & coatings. Diesel fuel additives is the dominant segment of the market. It is a type of multi-functional diesel additive that is specifically designed to work in harsh cold weather environments. Anti-gelling additive is used for solvent-borne coatings to prevent increased viscosity in air-drying and baking coatings, gelling in long-term storage, and skin formation in oxidative-drying systems.
Anti-gelling Additives Market: Regional Outlook
Based on region, the global anti-gelling additives market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is a rapidly growing region of the global anti-gelling additives market. New product launch, joint ventures, and expansions are key growth strategies adopted by major players in the market. Manufacturing companies and end-product manufacturers invest significantly in advancements and technology modifications to meet the rising demand for anti-gelling additives in end-user industries. North America is followed by Europe. Asia Pacific is a rapidly growing region o\of the anti-gelling additives market owing to the rise in demand, primarily in emerging economies such as China and India.
Anti-gelling Additives Market: Key Players
Key players operating in the global anti-gelling additives market are Pro Chem, Inc., ALTANA, Standard Oil Of Connecticut, Inc., PEAK, and Lucas Oil Products, Inc. PEAK DIESEL ANTI-GEL CONCENTRATE, a product of PEAK, is a multifunctional diesel fuel additive, highly used in bulk storage tank applications. It functions as a wax modifier to improve low temperature operability of the diesel fuel.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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