The octane market was valued at US$ 53.1 Bn in 2015, and is expected to reach US$ 77.2 Bn by 2022, expanding at a CAGR of 5.5% from 2016 to 2022.
Octane rating is a measure of a fuel's ability to defy knock. The octane necessity of an engine varies with the mechanical and geometric considerations, compression ratio and operating circumstances. Different compounds are added to gasoline to increase the octane number. Some compounds which are added to gasoline include ethanol, MTBE, ETBE and methanol. Among these, ethanol accounted for major share of the market and is expected to increase in the near future. Ethanol can sprint at much superior exhaust gas recirculation rate with superior compression ratios. It has a higher octane rating as compared to petrol which created very fine particulates. The superior the octane rating of fuel the more it is defiant to knocking.
Hence, high demand is reported for ethanol in the market. Growing demand for octane from the petroleum industry is expected to boost high growth of global octane market. Methyl Tertiary-Butyl Ether (MTBE) accounted as the second largest market for octane and is anticipated to grow in during the forecast period. Other compound such as Ethyl Tertiary-Butyl Ether (ETBE) and methanol are also expected to experience moderate demand from the market during the forecast period from 2016 to 2022.
- Afton Chemical Corporation
- Chevron Phillips Chemical LLC
- DORF-KETAL Chemicals India Private Limited
- Haltermann Carless GmbH
- Honeywell International Inc.
- Innospec Speciality Chemicals
- Keyera Corp
- Puyang Zhongwei Fine Chemical Co.,Ltd
- SIGMA-ALDRICH Corporation
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Octane Market Analysis, By Compounds
Chapter 5 Global Octane Market Analysis, By Applications
Chapter 6 North America Octane Market Analysis
Chapter 7 Europe Octane Market Analysis
Chapter 8 Asia Pacific Octane Market Analysis
Chapter 9 Middle East & Africa Octane Market Analysis
Chapter 10 Latin America Octane Analysis
Chapter 11 Company Profiles
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