Iso-Octane Market - Forecast(2021 - 2026)

 

Iso-Octane Market Overview

Iso-Octane Market size is forecast to reach $8.47 Billion by 2025, after growing at a CAGR of 7.86% during 2020-2025. The increased use of isooctane as an anti-crashing additive in petrol is the driving force behind the growth of the world market in isooctane. These compounds are used in petrol engines and are added to improve the quality and efficiency of fuels. Additives are also added into the fuel to enhance knock strength and prevent self-igniting of the air-fuel mixture in the motors. The growth of the Iso Octane Industry over the predicted period will also increase in increased demand for biologically based Iso-octane and increase consumption of Iso-Octane across various industrial verticals.


Iso-Octane Market Report Coverage

The report: “Iso-Octane Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Iso-Octane Industry.
By End Use: Automotive, Industrial, Pharmaceutical, Oil & Gas, Mining, Energy and Power Generation, Chemical, and Others
By Geography: North America, South America, Europe, Asia-Pacific (APAC), and Rest of World (Row).


Key Takeaways

  • Another factor that is expected to boost the global market growth in the near future will be the use of economical bio-iso octane which will prevent refiners from combining higher amounts of isooctane into their gasoline products. Moreover, growing market acceptance of isooctane by ma tor players is a predicted driver of growth on the target market.
  • Globally, the growth of the global value of iso-octane includes high-efficiency and advanced technology development, increasing industrial fuels demand, the strong development of the automotive industry, stringent government emission standards, and superior isooctane performance. Methyl tert-butyl ether is an organic liquid compound that can lead to significant soil and groundwater pollution and is volatile, inflammable, and colorless. More and more MTBE plants have been transformed into Isooctane production plants, another factor driving the growth of the international market, to avoid soil water pollution.
  • The application industries of Iso-Octane have been affected by the outbreak of COVID-19 palindrome. Iso Octane's and supply chain has been hampered by the temporary closures of the production industry and other industrial activities.


Iso-Octane Market Segment Analysis - By End Use 

Automotive Sector held the largest share in the Iso-Octane Market in 2019 and is expected to rise at a CAGR of 6.35% in terms of revenue during the forecast period from 2020-2025. The Iso-octane market is expected to be driven in the near future by increasing the global automotive business. The Iso-octane market is driven mainly by global demand growth in automotive/motor cars, improved vehicle design capabilities and the importance of reduced weight and emission control. However, large amounts of Iso-octane or 2, 2, 4-trimethylpentane are harmful inhaled or ingested. In rare circumstances, there can be stronger reactions, which can limit the growth of the market for Iso-octane. The increased use of electric vehicles is however an important factor that is expected in the near future to curb global isooctane growth. In order to encourage use of electric vehicles in order to reduce dependence on fossil fuels, more and more government initiatives could have an impact on the growth of the target market.


Iso-Octane Market Segment Analysis - By Geography 

Asia-Pacific (APAC) dominated the Iso-Octane Market with a share of 37% in 2019 and is projected to dominate the market during the forecast period (2020-2025). In terms of global market revenues, the Chinese market accounts for the second highest share. Strict government rules and rising emphasis on carbon emissions reduction are the key factor which will drive isooctane development in the region. Moreover, an increase in government efforts to reduce gasoline use and carbon footprint is expected to contribute to market growth. Increased investments in R&D and ma tor manufacturers' presence in countries in this area and increasing use of isooctane as a fuel additive are the factors that are expected to promote market growth. Increasing government efforts to improve heavy-duty vehicles and light-duty exhaust standards are also a factor expected to drive growth of the isooctane market in this area.
Location: United States

Comments

Post a Comment

Popular posts from this blog

Printed Tape Market - Forecast(2021 - 2026)

  Printed Tape Market  Overview Printed tape market size is forecast to reach  $38.4 billion by 2026 , after growing at a  CAGR of 5.9% during 2021-2026 . Printed tapes can help in spotlighting company, product or logo and can be also used as an alternative for printed cartons in tapes, owing to the printed tape market is witnessing an increase in demand. These printed tapes are hot melt and have fast adhesive strength of synthetic rubber even in lower temperatures as compared to acrylic adhesive, which is more resistant to aging and UV radiation. However, it also gives free professional design assistance, alignments, and quality checks at every step which makes the seller feel protective towards their product and avoids black-marketing. Growing public interest towards printed tapes for packaging will further enhance the overall market demand for Printed tape during the forecast period. Covid Impact The worldwide spread of the COVID-19 pandemic has disrupted the trad...
Read more

Pet Care Market - Forecast(2021 - 2026)

  Pet Care Market Overview: According to the European Pet Food Industry Federation (FEDIAF), the daily diet requirement for a dog and a cat are 37 and 40 nutrients respectively. [1]  This daily requirement of nutrients is largely fulfilled by canned pet foods which throws light on the essentiality of pet products in modern-day life. Pet care is a lucrative market growing rampantly in U.S. and U.K. owing to growing instances of pet ownership in these regions. The pet care market also includes items for pet grooming, pet accessories, pet shops, pet essentials, pet care clinics, pet care insurance, and many others. As a result of this increase in pet adoption, consumers are now spending colossal amounts of their income on pet care thereby ballooning the demand for pet products. Furthermore, ease of pet training and grooming facilities has considerably boosted the global pet care market which offered opportunities worth $125 billion as of 2018. During the forecast period 2019-2025...
Read more

Occupant Classification System Market - Forecast(2021 - 2026)

Image
  Occupant Classification System Market Overview The global Occupant Classification System Market size is estimated to surpass  $1.1 billion mark by 2026  growing at a projected CAGR of more than  6.2%  during the forecast period 2021 to 2026. The surging demand for road safety in automobiles pertaining to driver safety and stringent government regulations related to occupant safety will boost the Occupant Classification Systems market. The market is driven by declining prices of the safety systems in passenger vehicles. The market is also driven by increasing number of accidents and stringent government regulations & policies. The automotive sector has seen a growing inclination towards the safety and comfort of the passenger over the years. This focus on safety of the passengers/driver is illustrated by the steps taken by automotive manufacturers, such as introduction of seat belt tensioners, air-bags and  ABS (anti-lock braking)  in the vehicles...
Read more