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The global alkylate market is estimated to value at approximately US$ 22 Bn in 2019, and is expected to register a CAGR of 2.5%. The report offers in-depth insights, revenue details, and other vital information regarding the global alkylate market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2028. The global alkylate market report has been segmented on the basis of type, application, and region/country.
Global Alkylate Market: IntroductionAlkylate is a high-octane blending component for motor gasoline and aviation gasoline. Alkylate is produced by reacting light olefins, such as butylenes, from refinery sources, fluid catalytic cracking units, or from steam cracking units, with isoparaffins, such as isobutane, in the presence of an acidic catalyst.
Global Alkylate Market: DynamicsA major factor driving growth of the global alkylate market during the forecast period is increasing utilization of alkylate in aviation and automotive industries owing to its properties such as, low sulfur content, low aromatics content, and low vapor pressure. In addition, increasing adoption of alkylate in automotive sector is another factor expected to boost growth of the global alkylate market in the near future owing to alkylate properties of high octane and low volatility hydrocarbon that can be added to aviation fuel, as well as motor gasoline to increase the octane rating, without violating stringent volatility specifications. Growing demand for alkylate gasoline among forestry applications is expected to drive growth of the global alkylate market owing to increasing utilization and demand for alkylate gasoline in wide range of smaller engines such as lawnmowers, chainsaws, leaf trimmers, outboard engines, snow throwers etc. and for other powered tools. Furthermore, increasing penetration and growing demands of automobiles and alkylate-blended gasoline is expected to proliferate growth of the global alkylate market. This is primarily due to rising adoption of alkylate used to raise the octane number of gasoline when used as a blend and its ecofriendly feature as compared to MTBE, hence phasing-out of MTBE as a gasoline additive is a factor expected to support growth of the global market to a certain extent. However, increasing penetration of electric vehicles (EVs) is a major factor expected to restrain growth of the global alkylate market to a certain extent over the forecast period. In addition, growing preference for bioethanol as a superior alternative to gasoline-based fuels with regard to environmental global warming potential is another factor expected to hamper growth of global alkylate market over the forecast period. Growing demand for automobiles owing to increasing population, rising income levels, changing lifestyle of consumers, coupled with stringent government regulations for vehicle and passenger safety are among some of the major factors expected to increase focus optimization of the production process of alkylates, which can create lucrative growth opportunities for key players in the global alkylate market. Furthermore, development of more cost-effective production processes could help manufacturers to reduce manufacturing overheads and end-product costs, and will help to gain major revenue share in markets across the globe owing to high capital investment associated with manufacturing process of alkylate.
Global Alkylate Market Analysis, by TypeOn the basis of type, the sulfuric acid alkylation segment is expected to contribute major revenue share in the global alkylate market and is expected to register highest CAGR of over 2.5%, in terms of revenue over the forecast period, owing to increasing focus of manufacturers to develop innovative and advanced sulfuric acid alkylation processes that produces good quality yield and provides cost-effective solutions. Global Alkylate Market Analysis, by Application Among all the application segments, the automotive industry segment is expected to contribute major revenue share in the global alkylate market and is expected to register highest CAGR of over 2%, in terms of revenue over the forecast period. In addition, demand for automobiles, especially SUVs and luxury cars globally, is increasing owing to increasing disposable income and improving standards of living. Market Analysis by Region/Country: The market in North America is expected to account for significant revenue share in the global alkylate market in 2019. The China market is expected to register significant growth rate in the global alkylate market, and is expected to account for moderate revenue share in the global alkylate market in 2019. Furthermore, alkylate market in China is expected to register highest CAGR of over 2.8% over the forecast period. Factors driving growth of the global alkylate market are increasing government investments on expenditure of smart automobiles and growing aviation industry in the country, coupled with increasing preference for air travel is expected to boost demand for aviation gasoline, which in turn will drive revenue growth of the China alkylate market over the forecast period in countries in the region. The market in Europe is expected to register moderate growth rate in the global alkylate market over the forecast period. The Europe market is expected to account for major share in terms of production of civil aircraft, which includes helicopters, aircraft engines, and parts and components as well as growing aerospace industry in Europe is expected to proliferate demand for aviation gasoline, which in turn will drive revenue growth of the alkylate market in the region.
Market Segmentation of Global Alkylate Market:
Segmentation by type:
- Sulfuric Acid Alkylation
- Hydrofluoric Acid Alkylation
Segmentation by application:
- Automobile Industry
- Aviation Industry
- Others (Lawnmowers, Snow-Removal Equipment, And Forest Machinery)
Segmentation by region/country:
- North America
- South America
- Middle East & Africa
- Rest of the World
Key Market Players included in the report: Global Alkylate Market
- Reliance Industries Ltd.
- Petroleos de Venezuela, S.A
- Marathon Petroleum Corp.
- Exxon Mobil Corp.
- PJSC LUKOIL
- BP plc
- Valero Energy Corp.
- Royal Dutch Shell plc
- Petroleo Brasileiro S.A.
- BASF SE
- Chevron Corp.
Key Insights Covered: Global Alkylate Market1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Alkylate industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Alkylate industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Alkylate industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Alkylate industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Alkylate industry.
Research Methodology: Global Alkylate Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
1.0 Chapter 1 1.1 Preface 1.2 Assumptions 1.3 Abbreviations 2.0 Chapter 2 2.1 Report Description 2.1.1 Market Definition and Scope 2.2 Executive Summary 2.2.1 Market Snapshot, By Type 2.2.2 Market Snapshot, By Application 2.2.3 Market Snapshot, By Region/Country 2.2.4 Prudour Opportunity Map Analysis 3.0 Chapter 3 3.0.1 Global Alkylate Market Dynamics 3.0.2 Drivers (D) 3.0.3 Restraints (R) 3.0.4 Opportunities 3.0.5 Trends 3.0.6 DR Impact Analysis | read more...