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Alkylate Isooctane Market Size, Share & Industry Analysis, By Type ( Alkylate, Isooctane ), By Application ( Aviation, Automobile, Others ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104152 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Alkylate is a type of high octane gasoline component made by reacting light olefins like butylene from distinctive refinery source like steam cracking units, fluid catalytic cracking unit with isoparaffins like isobutene where the reaction is acid catalyzed reaction. The process used is termed as alkylation where excess gases from distillation unit and crude oil cracking plant is combined to make liquid alkylate. Isooctane is an important component of gasoline which is used in large proportions to increase the knock resistance of the fuel.


Increasing demand from aviation industry is expected to drive the market. Alkylate is one of the cleanest petroleum product which makes it environment friendly further complying the rules imposed about clean burning. Additionally, the increasing demand for fuel all across the world is boosting the market growth.

 However, there are various anti-knocking agents in the market which are comparatively cheaper and have high performance like ferrocene, methylcyclopentadienyl manganese tricarbonyl (MMT), Iron pentacarbonyl and other. This is expected to hinder the market growth.

Market Segmentation:


Based on type, the global alkylate isooctane market is segmented into alkylate and isooctane. Based on application, is segmented into automotive, aviation, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Up Arrow

Key Market Driver -

Increasing demand from aviation sector.

Down Arrow

Key Market Restraint -

Availability of better anti-knocking agents.


Key Players Covered:


The global alkylate isooctane market consists of global & regional players operating. Some of the key players in the market include, Chevron Corporation, Exxonmobil, Sabic, Shell, BP, ConocoPhillips, DOW, Petrobras, Reliance, Jena Bioscience, and others.

Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Alkylate Isooctane Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold largest share in market attributed to the ample number of manufacturers present in Asian countries like China, India, and Japan. North America is estimated to hold significant share due to the high demand for alkylate and isooctane fuel for aviation industry. Europe is expected to show considerable growth. The growth in tourism industry in Europe has boosted the demand for aviation fuel. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation






















ATTRIBUTES    

 DETAILS        

By Type

  • Alkylate

  • Isooctane

By Application

  • Aviation

  • Automobile

  • Others

By Geography

  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Alkylate Isooctane Industry Developments



  • In April 2019, Royal Dutch Shell Plc is through the halfway through the planned overhaul of the and gasoline producing Residual Catalytic Cracking Unit at its refinery at Louisiana. An overhaul of 14,200 bpd alkylation unit is being built.





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