Octane Market 2024 - Opportunities, Challenges, Strategies, Key vendors and Forecasts

1
Octane Market Report, By Component, Application,
and Geography Global Market Share, Trend
Analysis and Forecast up to 2024

• Published By
• Axiom Market Research Consulting
• Corporate License(4650) Single
  User License(3950)

Copyright 2018 Axiom MRC
2
Octane Market Report, By Component, Application,
and Geography Global Market Share, Trend
Analysis and Forecast up to 2024

• Octane, used as a short form for octane rating
  was originally determined by mixing a gasoline
  made entirely of heptane and 2,2,4-trimethylpentan
  e. Octane became popular in the well-known
  American culture in the mid- and late 1960s, when
  gasoline companies boasted of high octane
  levels in their gasoline advertisements. Octane
  rating is used to measure fuels ability to defy
  knock. Various compounds are added to gasoline
  for increasing octane number that include
  ethanol, MTBE, ETBE and methanol.
• Ethanol accounted for the largest share and is
  also expected to dominate the global market in
  the near future.
• Ethanol can sprint at much larger exhaust gas
  recirculation rate with higher compression
  ratios. It has a superior 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.
  Therefore, high demand is reported for ethanol in
  the market. Increasing demand for octane from the
  petroleum industry is expected to enhance high
  growth of global octane market. The global octane
  market is expected to grow at a CAGR between 5.0
  to 6.0 from 2019 to 2024.

Copyright 2018 Axiom MRC
3
Octane Market Report, By Component, Application,
and Geography Global Market Share, Trend
Analysis and Forecast up to 2024

Download a sample report here _at_https//axiommrc.c
om/request-for-sample/?report201553 Afton
Chemical Corporation having strong hold on the
global market. The global octane market led by
manufacturers Chevron Phillips Chemical LLC,
Afton Chemical Corporation, Haltermann Carless
GmbH, Honeywell International Inc., SIGMA-ALDRICH
Corporation, Innospec Speciality Chemicals, and
Keyera Corp, among others.
Copyright 2018 Axiom MRC
4
Octane Market Report, By Component, Application,
and Geography Global Market Share, Trend
Analysis and Forecast up to 2024

• Get more details click here _at_https//axiommrc.com/
  speak-to-analyst/?report201553
• The key factor driving growth of global octane
  market is the rising demand for octane from the
  petroleum industry. High demand for environmental
  friendly fuel is the foremost factor contributing
  to the growth of global octane market worldwide.
  On the contrary, rising demand for diesel fuel
  and electric vehicles may significantly hamper
  the growth of octane market in the coming years.
• Fuel and fuel additives accounted for major share
  in the global octane market in 2017 and this
  segment is further expected to remain dominant in
  the near future expanding at a CAGR between 5.5
  to 6.5 from 2019 to 2024.

Copyright 2018 Axiom MRC
5
Octane Market Report, By Component, Application,
and Geography Global Market Share, Trend
Analysis and Forecast up to 2024

• Based on components
• Ethanol
• Methyl Tertiary-Butyl Ether (MTBE)
• Ethyl Tertiary-Butyl Ether (ETBE)
• Methanol.
• Asia Pacific accounted for the largest share in
  the global octane market it is further projected
  to dominate the global market by 2024. Gasoline
  is used for wide range of applications in the
  end-user industries. It is primarily used as fuel
  and has very high solvency properties
• 
  
  

Copyright 2018 Axiom MRC
6
Octane Market Report, By Component, Application,
and Geography Global Market Share, Trend
Analysis and Forecast up to 2024

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Copyright 2018 Axiom MRC