Iso-octane also known as 2, 2, 4-trimethylpentane is an important component of gasoline, frequently used in relatively large proportions to increase the knock resistance of the fuel.  Engine knocking is an unwanted process that can occur during combustion in internal combustion engines. Iso-octane is produced on a massive scale in the petroleum industry by distillation of petroleum. There are other methods of production as well. It can also be produced from isobutylene by dimerization (a variant of alkylation) using an amberlyst catalyst to produce a mixture of iso-octenes. Hydrogenation of this mixture produces 2, 2, 4-trimethylpentane. At present, using iso-octane as a fuel in investigations of homogeneous charge compression ignition engines (HCCI) is a very popular method, in which iso-octane is used both as a neat fuel and as a component in a primary reference fuel blend. This method was introduced by the need to improve the efficiency and performance of currently operating combustors and reduce the production of pollutant species emissions generated in the combustion process. Iso-octane is a primary reference fuel (PRF) for octane rating in spark ignition engines, and when used in compression ignition engines, has a cetane number of approximately 15

Increased global automotive activity is expected to drive the iso-octane market in the near future. Global expansions in demand for automotives/automobiles, improved vehicle design capabilities and increasing importance of weight reduction and emission control are the major factors driving the iso-octane market. However, inhalation or ingestion of large quantities of iso-octane or 2, 2, 4-trimethylpentane is harmful. In rare cases a stronger reaction can occur which may be a restraining factor for the growth of the iso-octane market.  

In terms of demand, Asia Pacific was the leading region in iso-octane market. China had the largest demand for iso-octane owing to huge demand from the automobile industry. However, other countries such as India, Japan and Korea are likely to exhibit more demand for iso-octane in upcoming years. Rising population and changing lifestyles of consumers have been directly or indirectly driving the market and are expected to continue to do so in the next few years as well. Asia Pacific has experienced dynamic economic growth in the past decade. This trend is expected to continue in the next few years. Asia Pacific was followed by North America. U.S. had the largest demand for iso-octane. The demand was huge owing to increasing demand from various applications such as lubricants among others among others. Europe had the third largest market share in iso-octane market. Growing demand from automobile industry is driving the iso-octane market in Europe. European countries such as Germany and the UK were the major consumers of iso-octane in this region. However, stringent environmental regulations associated with paints and coatings industry in European Union can act as a major restraint for the market in upcoming years. Rest of the World market is anticipated to have stable demand for iso-octane market in near future. Latin America is one of the largest markets for iso-octane in the Rest of the World. However, the Middle East region is anticipated to offer more opportunity for iso-octane market in upcoming years.

Some of the key players in the iso-octane market are Puyang Zhongwei Fine Chemical Co., Ltd., Chevron Phillips Chemical Company and Honeywell among others.

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
  • Europe
  • 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.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

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?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Iso Octane Market

Pre Book