The Alkylate Market is expected to promise high growth due to an increase in demand for alkylating gasoline in recent years. Increasing demand from applications oil refining, aviation, automobiles is expected to drive the growth of this market.
Alkylate is a synthetically produced petrol component and is considered as one of the purest petroleum products. Alkylates are produced by a chemical process called alkylation, in which light-weighted olefins (primarily propylene and butylene) are reacted with isobutane, in the presence of highly acidic catalysts like sulfuric acid or hydrofluoric acid. The product contains a mixture of high-octane, branched-chain paraffinic hydrocarbons.
Alkylates have high octane numbers and hence are used in the production of fuels. It helps to prevent knocking in engines, which in turn helps in extending the life of an engine of automotive vehicles. Alkylates are one of the key chemical intermediates to produce alkyl amines. According to new developments in scientific medical research, Alkyl-amines are being used as an alternative to producing anti-diabetic drugs, as they contain insulin type properties.
A detailed analysis of the Alkylate market required a complete breakdown of the market to get close to each founding component as accurately as possible. It can be divided based on type, application, and region. Sulfuric Acid Alkylate and Hydrofluoric Acid Alkylate are sub-segments of alkylate based on type. Among these, the sulfuric acid alkylation segment is expected to contribute major revenue share owing to the increasing focus of manufacturers to develop innovative and advanced sulfuric acid alkylation processes that can produce a good quality product and provide cost-effective solutions. Based on the application, it can be divided into Oil Refining, Aviation, and Automobile. Among all the application segments, the automobile industry segment is expected to have a higher contribution as it has an increasing demand for cars especially SUVs and luxury cars globally.
Key Factors Impacting Market Growth:
- Increase in demand for alkylating gasoline
- Increasing demand for alkylating fuel in aviation
Based on the region, the alkylate market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Europe’s market projected a significant growth having a major share in terms of civil aircraft production resulting to increase demand for aviation gasoline, which in turn will drive revenue growth of the alkylate market in the region. However, North America and Western Europe are traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing several transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines due to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.
The Asia Pacific and the Middle East are expected to register substantial growth in the alkylate market during the forecast period. This demand is concerning the growth of major applications such as oil refining, aviation, automobiles. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. China expected to register a significant growth rate in the global alkylate market. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the alkylate market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the alkylate market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Companies Covered: The major players in the market are profiled in detail, for example, company portfolio, recent developments, business strategies, financial overview, and many more. Major market players are Reliance, PDVSA, Marathon Petroleum, Exxonmobil, LUKOIL, BP, Valero, Shell, Sunooco, Petrobras Total, Chevron Corporation, Haiku, PetroChina Company, Shandong Wanfuda Chemical, Huabang Group, Yikun Group, Cnooc, and Sinopec.
- Hydrofluoric Acid Alkylate
- By Country (US, Canada, Mexico)
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)l
- By Region (South America, Africa)
Reasons to Buy This Report:
- Market size estimation of the global alkylate market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
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