Global Fuel Oxygenates Market:  Snapshot

Fuel oxygenates are long chain mixes which high value of oxygen and can supply or discharge oxygen for ignition, or fuel. Fuel oxygenates are atoms wealthy in oxygen like Alcohol and Ether bunches which are wealthy in oxygen and consequently can help in simple burning. Fuel Oxygenates encourages prompt discharge oxygen in this way supporting in quick fuel ignition. Fuel oxygenates are utilized broadly in car enterprises particularly sports motors who need fast fuel ignition rate when contrasted with different models. Fuel oxygenates exist in different structures. This benefits is major reason that is boosting the growth of global fuel oxygenates market these days. 

Factors that are Boosting the Growth of Global Fuel Oxygenates Market are:

  • Expanded roadways transportation including impressive utilization of gas based vehicle armada thusly is relied upon to impel the Fuel oxygenates showcase. The expansion in half breed autos will moreover fire the development of fuel oxygenates market, as biofuel is the supreme need of cross breed vehicles. 
  • As per fills Europe/EMISIA half and half vehicles represented 2.1% of new autos in the market, cross breed vehicles have fuel oxygenates as fuel. European Commission's effect evaluation on CO2 models for autos claims the interest of oil vehicles will diminish in the coming years, which fill increment the quantity of mixture autos and that will impel the ether fuel oxygenates market.
  • Different mechanical headway have been done in the field of biofuels, new and better fuel oxygenates have been presented like Bio-MTBE, which is produced using waste or buildup, this is more eco-accommodating and government and numerous associations may look towards specific improvements and offer some kind of reparation, this will help the fuel oxygenates market to increment.

Fuel Oxygenates Market: Overview

  • Fuel oxygenates are chemical compounds comprising oxygen atom in a chain of carbon and hydrogen atoms
  • Fuel oxygenates are alcohols and ethers including ethanol fuel, methyl tertiary butyl ether (MTBE), ethyl tertiary butyl ether (ETBE), and tertiary amyl methyl ether (TAME)
  • Fuel oxygenates are primarily used as fuel additives to enhance the octane number in reformulated gasoline, oxygenated fuel, and premium grades of unleaded gasoline
  • Rise in popularity of fuel oxygenates among wholesalers & distributors and increase in awareness of fuel oxygenates among vehicle owners are the factors driving the global fuel oxygenates market
  • Technological advancements such as 100% bio-ether production, ternary blending, and conversion of tertiary amyl methyl ether (TAME) to tertiary amyl ethyl ether (TAEE) are anticipated to drive the global fuel oxygenates market during the forecast period
  • Regulations such as Renewable Energy Directive and Fuel Quality Directive and legislation related to cars and transport are likely to be the main factors responsible for stimulating fuel oxygenates market in the near future
  • Rise in adoption rate of electric vehicles among consumers is anticipated to hamper the fuel oxygenates market  

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Fuel Oxygenates to Offer Lucrative Opportunities in Automobile & Transportation Industry

  • In terms of end-use industry, the fuel oxygenates market can be divided into automotive & transportation, aerospace & defense, industrial equipment, and others. The automotive & transportation segment is estimated to hold major share of the global fuel oxygenates market in the near future.
  • Fuel oxygenates are widely used as octane enhancers of gasoline to augment fuel economy and to reduce hazardous emissions, especially carbon monoxide. Therefore, they are highly preferred by car owners. 
  • Fuel oxygenates are gaining popularity among fuel additives in the additives aftermarket, as they contribute in significantly reducing the CO, SOx, HC, and particulate vehicular emissions. This is expected to propel the fuel oxygenates market during the forecast period.
  • Gasoline treated with fuel oxygenates tends to produce smaller and less abrasive particles during the combustion process. This results in cleaner and longer lasting engine oil. Fuel oxygenates extend engine oil life by reducing engine wear and lessening maintenance time. Therefore, they are widely recommended by auto-engine makers through several marketing channels.
  • Demand for fuel oxygenates in the automobile & transportation industry is anticipated to increase in the near future due to their exceptional characteristics such as carbon deposit removal, decrease in fuel consumption, reduction in harmful emission, and increase in engine oil life

High Demand for Green Technologies to Boost Fuel Oxygenates Market

  • Increase in adoption of green technologies in manufacturing of fuel oxygenates is anticipated to boost the global fuel oxygenates market
  • Emergence of fuel oxygenates based on bio feedstocks to reduce the smog forming precursors such as VOCs emitted from cars is propelling the demand for fuel oxygenates in the automotive & transportation industry
  • Bio-ether based fuel oxygenates enhance the quality of fuel by curtailing CO2 emissions across their life cycle and deliver superior balance between the high-speed and low-speed octane numbers (Motor Octane Number {MON} and Road Octane Number {RON}) that are required by modern cars
  • Therefore, demand for green fuel oxygenates is expected to increase rapidly in the next few years as they reduce fuel consumption, maintenance costs, and exhaust emissions
  • Rise in demand for green fuel oxygenates in transportation, vehicle fleets, cargo shipping, automotive, industrial, and commercial industries is projected to drive the global fuel oxygenates market

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North America Projected to Account Dominate Share of the Global Fuel Oxygenates Market

  • In terms of region, the fuel oxygenates market can be segmented into five prime regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America and Europe accounted for substantial share of the global fuel oxygenates market in 2018 
  • In terms of region, North America is a leading consumer of fuel oxygenates, followed by Europe and Asia Pacific. Increase in demand for fuel oxygenates as fuel additives in developed economies such as the U.S., the U.K., and Germany is expected to boost the demand for fuel oxygenates during the forecast period. Furthermore, North America is a major producer of fuel oxygenates in the world. Countries such as the U.S. and Germany have a strong distribution network of fuel oxygenated products to meet the growing needs of consumers. The U.S. manufactures substantial amount of fuel oxygenates and exports it to Europe and Asia.
  • The market in the Asia Pacific region is anticipated to expand at a rapid pace during the forecast period, due to the increase in awareness about fuel oxygenates among consumers in this region. Rise in demand for fuel oxygenates in Asia Pacific has encouraged fuel additive manufacturers in China to establish new production lines. This is likely to boost the demand for fuel oxygenates in the country in the next few years.
  • Advancements in fuel additive ingredients & compositions and the advent of manufacturing technologies are estimated to drive the demand for fuel oxygenates in Asia Pacific in the near future
  • Increase in Foreign Direct Investments (FDIs) in the oil & gas industry in developing economies of Asia Pacific is also a key factor that is anticipated to drive the fuel oxygenates market in the region during the forecast period
  • The fuel oxygenates market in Middle East region is projected to expand at a rapid pace during the next few years, owing to the rise in upstream and midstream activities in the oil & gas industry

Key Players in Market

Key players operating in the global fuel oxygenates market focus on distributing their products through strong distribution channels in order to capitalize the market share. Prominent players operating in the fuel oxygenates market include:

  • Evonik Industries
  • Fluor Corporation
  • LyondellBasell
  • Panjin Heyun Industrial Group Co., Ltd
  • PETRONAS Chemicals Group Berhad
  • ProTec International, USA
  • Qatar Fuel Additives Company
  • Royal Dutch Shell plc
  • Saras S.p.A.      
  • Saudi Basic Industries Corporation (SABIC)
  • Sibur International
  • Wanhua Chemical Group Co., Ltd

Global Fuel Oxygenates Market: Research Scope

Global Fuel Oxygenates Market, by Type

  • Alcohols
  • Ethers
  • Others

Global Fuel Oxygenates Market, by Fuel Type

  • Petrol/Gasoline
  • Diesel

Global Fuel Oxygenates Market, by End-use Industry

  • Automotive & Transportation
  • Aerospace & Defense
  • Industrial Equipment
  • Others

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