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Gasoline Antiknock Agent Market By Product Type (Ethers Antiknock Agent, Metal Antiknock Agent) By Application (Commercial Vehicle, Passenger Car): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Market Insights

The global market of the antiknock agent is expected to cross-market value of USD 19.11 million in 2027 from USD 15.32 million in 2020. It is expected to grow at a CAGR of over 1.2% during the forecast period.

Global Gasoline Antiknock Agent Market

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Antiknock additive improves the antiknock properties of gasoline. Furthermore, the demand for antiknock preparation is expected to rise due to lower preparation costs and easy availability of raw materials over the forecast period. Antiknock agent preparation requires limited raw materials, lowering overall manufacturing costs. In addition, anti-knocking agents are increasingly used in gasoline products, which reduce carbon emissions and therefore limit adverse effects. Over the next seven to five years, these factors are expected to drive market growth. Credence Research is offering a report titled “Global Gasoline Antiknock Agent Market,” which will cover accurate and in-depth insights.

Key Market Drivers and Restraints

Factors that greatly impact the market growth will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.

Global Gasoline Antiknock Agent Market

Impact of COVID 19

The world’s automotive industry has come to an abrupt halt as a result of the coronavirus (Covid-19) pandemic, with sales declining in most markets. Sales will only return to 2019 levels in four countries: Turkey, China, Taiwan, and Ukraine. As a result, further job losses will be seen around the sector, with plants and manufacturers closing in countries where economies only recover slowly. However, the automotive industry is badly impacted, which, in turn, will have a negative impact on the world’s market.

Global Gasoline Antiknock Agent Market

Asia-Pacific to Dominate the global market

On the geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the world market. Asia-Pacific dominated with over 47% share in 2020. With strong economic development, favorable laws and regulations regarding the use of fuel additives, rising disposable income, growing manufacturing activities, and substantial investment by leading industry players considering potential growth opportunities in the countries like India, China, and Singapore.

Global Gasoline Antiknock Agent Market

The Ethers Antiknock Agent leads Global Market.

Ethers Antiknock Agent and Metal Antiknock Agent are the two key products across the global market. In 2020, Ethers Antiknock Agent accounted for the largest share of the global market. However, the Metal Antiknock Agent process is anticipated to grow at the fastest CAGR during the forecast period. 

Commercial Vehicles continue to dominate the world’s market in terms of applications.

Commercial vehicles and Passenger cars are some of the major applications of this market. The Commercial Vehicle segment accounted for the largest share 2020 of the world market in 2020. This is largely due to the high demand in the automotive industry.

Global Gasoline Antiknock Agent Market

Frequently asked questions about global gasoline antiknock agent industry

Ether Antiknock Agent and Metal Antiknock Agent are the different product types available

Commercial Vehicle and Passenger Car have high demand for Gasoline Antiknock Agent

Simagchem, Shandong Dongchang Fine Chemical Technology, Wuxi Weite New Engery, CAREX Canada, and Yingkou Tanyun Chemical are the key players operating in this market

Commercial Vehicle application offers tremendous opportunities to players

Asia-Pacific has the largest share owing to various developments happening in this space

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Apr 2021
Category:  Chemicals
Report ID:   60331
Report Format:   PDF
Pages:   120
Rating:    4.1 (56)
Delivery Time: 24 Hours to 48 Hours   
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