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Octane Market By Compounds (Ethanol, Methyl Tertiary-Butyl Ether (MTBE), Ethyl Tertiary-Butyl Ether (ETBE), Methanol), By Applications (Fuel & Fuel Additives) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Octane is an alkane and hydrocarbon with the formula C8H18 and the structural formula CH3(CH2)6CH3. It has many isomers, also known as structural isomers, that differentiate from each other by the amount and location of branching in the carbon chain. Isooctane is usually used as a standard value in the octane rating scale. Octane is colloquially used as a short term for octane rating, which is one of the characteristics of octane's branched-chain isomers, which include isooctane.

The octane rating was originally determined by mixing gasoline, which is entirely made of heptane, with 2,2,4-trimethylpentane, one of the highly branched octane molecules. The global octane market is segmented based on compounds: ethanol, Methyl Tertiary-Butyl Ether (MTBE), Ethyl Tertiary-Butyl Ether (ETBE), and methanol. Among these, ethanol accounted for a major share of the global octane market in 2015 and is expected to increase shortly. Ethanol can run at a much higher exhaust gas recirculation rate with higher compression ratios. It has a higher octane rating as compared to gasoline, which creates very fine particulates.

The higher the fuel's octane rating, the more resistant it is to knocking. Hence, high demand is reported for ethanol in the market. MTBE, ETBE, and methanol are also projected to boost demand for octane soon. Fuel and fuel additives account for the major application of octane and are expected to increase soon. Other applications, such as paints and coatings, are also anticipated to boost high demand for octane during the forecast period.

The octane market was valued at US$ 53.1 billion in 2015 and is expected to reach US$ 77.2 billion by 2022, growing at a CAGR of 5.5% during the 2016–2021.

Purpose of the Report

The purpose of this strategic research study titled "Global Octane Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2022" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global octane market.

Target Audience

  • Industry Investors
  • Octane Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers and Buyers
  • Product Suppliers and Buyers
  • Research Institutes 

Overall, the research study provides a holistic view of the global octane market in terms of growth, offering market size and estimates for the period from 2016 to 2022, keeping in mind the factors as mentioned above.

Based on its application, the octane market is categorized into the following segments:

  • Fuel and Fuel Additives
  • Others

Octane is an alkane and hydrocarbon with the formula C8H18 and the structural formula CH3(CH2)6CH3. It has many isomers, also known as structural isomers, which differentiate from each other by the amount and location of branching in the carbon chain. Isooctane is usually used as a standard value in the octane rating scale. Octane is colloquially used as a short term for octane rating, which is one of the characteristics of octane's branched-chain isomers, which include isooctane.

Based on applications, the global octane market is segmented into fuel and fuel additives and others. Fuel and fuel additives accounted for a major share of the global octane market in 2015 and are expected to increase in the near future. Gasoline additives are used to increase gasoline's octane rating. They also act as corrosion inhibitors or lubricants, which allow the use of higher compression ratios for greater efficiency and power. Different fuel additives used include metal deactivators, corrosion inhibitors, oxygenates, and antioxidants.

Fuel additives play a major role in maintaining the fuel's octane rating. The higher the octane rating, the greater the resistance to knocking. Hence, high demand is reported for fuel and fuel additives with an octane rating in 2015. Other applications are also anticipated to boost market demand for octane forecasts from 2016 to 2022.

Based on characteristics and function, the octane market is categorized into the following compounds:

  • Ethanol
  • Methyl Tertiary-Butyl Ether (MTBE)
  • Ethyl Tertiary-Butyl Ether (ETBE)
  • Methanol

Based on compounds, the global octane market is segmented into ethanol, Methyl Tertiary-Butyl Ether (MTBE), Ethyl Tertiary-Butyl Ether (ETBE), and methanol. Among these, ethanol accounted for a major share of the global octane market in 2015 and is expected to increase soon. Ethanol can run at a much higher exhaust gas recirculation rate with higher compression ratios.

It has a higher octane rating as compared to gasoline, which creates very fine particulates. The higher the octane rating of the fuel, the more resistant it is to knocking. Hence, high demand is reported for ethanol in the market. Methyl Tertiary-Butyl Ether (MTBE) followed ethanol in terms of demand and accounted for the second-largest market for octane in 2015. The market for Methyl Tertiary-Butyl Ether (MTBE) is anticipated to increase during the forecast period as it effectively burns carbon dioxide and water. Ethyl Tertiary-Butyl Ether (ETBE) accounted for the third-largest market for octane in 2015 and is expected to experience moderate growth soon.

ETBE is a biofuel that is a colorless to pale yellow liquid. It is an organic compound with a distinctive ether-like odor derived from isobutylene and ethanol. ETBE is an oxygenated gasoline fuel component, as is ether. ETBE is better known as oxygenates, which are used as octane boosters to replace toxic and carcinogenic compounds, which include lead. Therefore, ETBE is also expected to fuel demand for octane soon. Methanol, also used as an octane improver, is projected to boost market demand for methanol soon.

Based on geography, the global octane market is segmented into the following categories:

  • North Americ
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Middle East and Africa
  • Latin America

North America accounted for the largest share of the global octane market in 2015. It accounted for more than 51% of the revenue share of the global octane market and is expected to increase soon.

Growing demand for environmentally friendly fuel is the major factor promoting the growth of octane in the region. High consumption and demand for automobiles in the region, especially from developed countries like the U.S., has led to high demand for environmentally friendly fuel, thereby generating high demand for octane in the market. Asia Pacific accounted as the second largest and fastest-growing region for the global octane market in 2015 and is anticipated to retain its market position shortly. High demand for luxury cars from developing countries such as India and China has led to high growth in the global octane market in the region.

Europe followed Asia Pacific in terms of demand for octane and is expected to experience moderate growth in the coming years. Other regions, such as Latin America and the Middle East, and Africa, are also projected to contribute to the growth of the global octane market during the forecast period from 2016 to 2022.

Frequently Asked Question:

The market for Octane is expected to reach USD$ 77.2 billion in 2022.

The Octane Market is expected to see significant CAGR growth over the coming years, at 5.5%.

The report is forecasted from 2016 -2022.

The base year of this report is 2015.

Chevron Phillips Chemical LLC 68, Haltermann Carless GmbH 70, SIGMA-ALDRICH Corporation 72. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2016
Category:  Chemicals
Report ID:   58000
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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