Cetane Number Improvers: Introduction
- Cetane number improvers are chemicals used to increase the cetane number of the diesel fuel. Cetane number improvers decompose themselves at temperatures lower than that of the diesel fuel due to their chemical composition. Cetane number improvers’ decomposition leads to successive fuel reaction that results in the combustion of fuel at low temperatures. The effect of these improvers varies according to fuel type, quality of crude oil, and the way fuel is refined. Cetane number improvers can be added to the fuel at refineries, terminals, or on-board a vessel. Cetane number improvers, when added to an engine, burn fuel more efficiently and reduce emissions; provide more power per stroke; and decrease fuel consumption. They can be directly added or mixed with other fuel additives.
Key Drivers and Restraints of Global Cetane Number Improvers Market
- The global cetane number improvers market is driven by the increase in demand for fuel additives in the automotive industry. Cetane number improvers are cost-effective and help extend the life of an engine; and improve fuel efficiency. Demand for cetane number improvers is rising due to the need to improve engine performance. Their demand is also increasing across the globe, as these improvers help control and reduce pollution by eliminating the incomplete burnt deposits in the combustion chamber, thus making the engine run better and cleaner. This is expected to propel the cetane number improvers market during the forecast period.
- The cetane number improvers market is at the promising stage. Therefore, the customer base is low. Furthermore, less acceptance is inhibiting the global market.
Cetane Number Improvers: Raw Material Segment
- In terms of raw material, the global cetane number improvers market can be segmented into 2-ethylhexyl nitrates, dibutyl peroxides, alkyl nitrates, peroxide compounds, methyl oleate, polyunsaturated compounds, certain glycols, and others
- The 2-ethylhexyl nitrates segment is expected to account for significant share of the global cetane number improvers market during the forecast period. It is anticipated to be followed by the dibutyl peroxides segment.
- Alkyl nitrates and peroxide compounds segments are likely to expand at a rapid pace during the forecast period
Cetane Number Improvers: End-use Segment
- In terms of end-use, the global cetane number improvers market can be divided into oil refineries, automotive, marine, agriculture, power generation, and others
- The automotive segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the oil refineries segment.
- The agriculture segment is likely to expand at a healthy CAGR during the forecast period
COVID-19 Impact on Cetane Number Improvers Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the cetane number improvers market.
Europe to Dominate Cetane Number Improvers Market
- In terms of region, the global cetane number improvers market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Europe dominated the cetane number improvers market in 2020. This trend is anticipated to continue during the forecast period. This can be ascribed to the high demand for cetane number improvers in the automotive industry in the region. The cetane number improvers market in Asia Pacific is anticipated to expand at a rapid pace due to implementation of the China V and China VI standards and Bharat stage VI standards for diesel in emerging countries such as China and India in the region.
Key Manufacturers Operating in Global Cetane Number Improvers Market
The global cetane number improvers market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global cetane number improvers market include:
- MAXAMCorp Holding, S.L.
- Dorf Ketal Chemicals
- Cestoil Chemical Inc.
- CetPro Limited
- Scandinavian Oil Service AB
- FPPF Chemical Company Inc.
- Eurenco
- Afton Chemical
- Veryone
- Innospec
- Liao Dong Chemical
Global Cetane Number Improvers Market: Research Scope
Global Cetane Number Improvers Market, by Raw Material
- 2-Ethylhexyl Nitrates
- Dibutyl Peroxides
- Alkyl Nitrates
- Peroxide Compounds
- Methyl Oleate
- Polyunsaturated Compounds
- Certain Glycols
- Others
Global Cetane Number Improvers Market, by End-use
- Oil Refineries
- Automotive
- Marine
- Agriculture
- Power Generation
- Others
Global Cetane number Improvers Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
