Your Catalyst to a Lucrative Business
(forecast period). This could be credited to expanding demand for biofuel in Europe and North
America.
Applications are split into gasoline, aviation turbine fuel (ATF), diesel, and other. ‘Other’ includes
marine fuel and heating oil. They accounted for 5% of the market in 2013. Gasoline held over 46% of
the market volumes in 2013. Although the U.S. generates robust demand for this fuel, other parts of
the world prefer diesel. In fact, diesel is anticipated to surpass gasoline and reign supreme by 2024.
Regional market segments are North America, Asia Pacific, Europe, Latin America, and MEA (Middle
East & Africa). North America garnered maximum revenues in 2013. Asia Pacific was not far behind. It
occupied over 27% of the global volumes that year. It is projected to grow at the fastest rate till 2024,
owing to increasing consumption of diesel in India and China.
The global specialty fuel additives market is moderately concentrated. Key vendors comprise BASF
SE, Infineum, NewMarket, Afton Chemical Corporation, Angus Chemical Company, Evonik Industries
AG, and Clariant International Ltd. High costs associated with research and development, technology,
and manpower are the primary challenges for market entry.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/conventional-
energy-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research
and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: [email protected]
Website - https://www.hexaresearch.com
Follow Us: