Gasoline octane improvers Market: Introduction
Gasoline octane improvers may be defined as boosters that enhance the octane level of gasoline. Increased octane level in gasoline tends to decrease the knocking tendency of engine. Also, the gasoline octane improvers are crucial in achieving the carbon emission reduction programs proposed by various authorities, such as National Highway Traffic Safety Administration (NHTSA), US EPA etc. Gasoline octane improvers consist of three major compounds that are methyl tertiary5butyl ether (MTBE), ethanol and ethyl tertiary-butyl ether (ETBE). Also, tertiary-amyl ethyl ether (TAEE) and tertiary-amyl methyl ether (TAME) are the improvers used in lesser quantities in several regions.
The global gasoline octane improvers market is expected to foray ahead with a lower single-digit CAGR over the forecast period of 2019-2029. Increasing adoption of bio-based ethanol as a gasoline octane improver is identified as the recent trend within the market. Moreover, increasing ethanol production, emphasis on fuel efficiency along stringent government regulations regarding carbon emission reduction, which are some of the factors driving the global market over the forecast period. In addition, factors such as the rising penetration of electric vehicles tend to act as a restraint for the market growth till 2029.
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Segmentation analysis of gasoline octane improvers market
The global gasoline octane improvers market is bifurcated into two major segments that are source and type.
On the basis of type, the global gasoline octane improvers market is divided into:
- Ethyl tertiary-butyl ether (ETBE)
- Methyl tertiary-butyl ether (MTBE)
- Tertiary-Amyl methyl ether (TAME)
On the basis of source, the global gasoline octane improvers market is divided into:
- Bio-based octane improvers
- Synthetic octane improvers
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Based on region, the global gasoline octane improvers market is segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
The market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
- Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
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The market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
The Gasoline octane improvers Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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