ResearchMoz presents professional and in-depth study of "Marine Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025".
Marine fuel additives are chemical treatment solutions added to a marine vessel’s existing fuel in order to improve its quality, efficiency, and performance.
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They are extensively employed due to their ability to enhance the life of marine engines as well as to reduce the cost of operating marine vessels. These two factors are key drivers of the marine fuel additives market. Furthermore, an emerging and strong factor for the increased usage of such additives is the need to curb environmental emissions of the marine industry.
However, the most important reason for the utilization of marine fuel additives is the variable quality of marine fuel itself. The quality of marine fuel depends largely on the location of purchase and the type of trader, i.e., an oil company or an independent supplier. In many cases, the marine fuel is a blend of different available stocks. In such cases, while the fuel may meet the vessel’s ISO specification, it is still unlikely to suit the requirement of the ship’s engine.
The modification of the chemical properties of marine fuels is the most commonly employed method of improving the quality of the marine fuel, and this modification is done by utilizing marine fuel additives. These additives can be segmented on the basis of type: Pre-combustion, combustion, and post-combustion. The pre-combustion marine fuel additives have been designed for residual fuel stabilization. These additives prevent asphaltene agglomeration that usually leads to sludge formation in tanks and fuel systems by allowing the blending of light and heavy components of the marine fuel. The combustion marine fuel additives primarily help in burning-up the available carbon in every fuel droplet in a shorter amount of time. They not only ensure a more complete combustion, but also reduce the buildup of sooty deposits. Post-combustion marine fuel additives primarily effect the ash material found in fuels, apart from also effecting the melting temperatures of various compounds created during combustion. They primarily prevent ash and other compounds from attaching themselves to the engine or the exhaust gas boiler.
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In terms of fuel type, the marine fuel additives market can be segmented into diesel, gasoline, and others. Currently, gasoline is the most commonly employed marine fuel, especially HFO, i.e. heavy fuel oil. The diesel fuel segment held a limited share of the market. The others fuel type, which includes marine fuels such as marine gas oil (MGO), held a lesser share of the market as compared to the diesel fuel type segment. However, the market share held by the others marine fuel segment is estimated to increase during the forecast period, and hence along with it, the demand for marine fuel additives in the others fuel type segment is also likely to increase.
Based on the function of the marine fuel additives, its market can be segmented into deposit control, anti-oxidant, corrosion prevention, lubricity and CETANE improvers, and others. The most common function of the additives is to prevent deposition of unnecessary materials and compounds as well as to prevent corrosion. The usage of marine fuel additives as antioxidants is also very important and occupies a considerable share in the market.
In terms of region, the global marine fuel additives market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Europe have strict emissions and fuel cleanliness regulations in place, which drives the marine fuel additives market. Middle East & Africa witnesses a good shipping demand, thereby driving the marine fuel additives market. Comparatively, Asia Pacific and Latin America are relatively weak markets for marine fuel additives. However, given that these additives are an essential requirement in the marine industry, the global marine fuel additives market is expected to witness stable growth during the forecast period.
Key players orperating in the global marine fuel additives market include Biobor Fuel Additives, West Marine, Lubrizol Corporation, Innospec, BASF SE, Chevron Oronite Company LLC, Afton Chemical Corporation, Albemarle, Chemtura Corporation, Baker Hughes, The Dow Chemical Company, Evonik Industries, and NALCO Champion.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Browse Report @ https://www.researchmoz.us/marine-fuel-additives-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
90 State Street, Albany NY, United States - 12207
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow me on : https://marketinfo247.wordpress.com/
Marine fuel additives are chemical treatment solutions added to a marine vessel’s existing fuel in order to improve its quality, efficiency, and performance.
Get PDF for more Professional and Technical insights @ https://www.researchmoz.us/enquiry.php?type=S&repid=1379178
They are extensively employed due to their ability to enhance the life of marine engines as well as to reduce the cost of operating marine vessels. These two factors are key drivers of the marine fuel additives market. Furthermore, an emerging and strong factor for the increased usage of such additives is the need to curb environmental emissions of the marine industry.
However, the most important reason for the utilization of marine fuel additives is the variable quality of marine fuel itself. The quality of marine fuel depends largely on the location of purchase and the type of trader, i.e., an oil company or an independent supplier. In many cases, the marine fuel is a blend of different available stocks. In such cases, while the fuel may meet the vessel’s ISO specification, it is still unlikely to suit the requirement of the ship’s engine.
The modification of the chemical properties of marine fuels is the most commonly employed method of improving the quality of the marine fuel, and this modification is done by utilizing marine fuel additives. These additives can be segmented on the basis of type: Pre-combustion, combustion, and post-combustion. The pre-combustion marine fuel additives have been designed for residual fuel stabilization. These additives prevent asphaltene agglomeration that usually leads to sludge formation in tanks and fuel systems by allowing the blending of light and heavy components of the marine fuel. The combustion marine fuel additives primarily help in burning-up the available carbon in every fuel droplet in a shorter amount of time. They not only ensure a more complete combustion, but also reduce the buildup of sooty deposits. Post-combustion marine fuel additives primarily effect the ash material found in fuels, apart from also effecting the melting temperatures of various compounds created during combustion. They primarily prevent ash and other compounds from attaching themselves to the engine or the exhaust gas boiler.
Make An Enquiry About TOC with tables & Figures @ https://www.researchmoz.us/enquiry.php?type=E&repid=1379178
In terms of fuel type, the marine fuel additives market can be segmented into diesel, gasoline, and others. Currently, gasoline is the most commonly employed marine fuel, especially HFO, i.e. heavy fuel oil. The diesel fuel segment held a limited share of the market. The others fuel type, which includes marine fuels such as marine gas oil (MGO), held a lesser share of the market as compared to the diesel fuel type segment. However, the market share held by the others marine fuel segment is estimated to increase during the forecast period, and hence along with it, the demand for marine fuel additives in the others fuel type segment is also likely to increase.
Based on the function of the marine fuel additives, its market can be segmented into deposit control, anti-oxidant, corrosion prevention, lubricity and CETANE improvers, and others. The most common function of the additives is to prevent deposition of unnecessary materials and compounds as well as to prevent corrosion. The usage of marine fuel additives as antioxidants is also very important and occupies a considerable share in the market.
In terms of region, the global marine fuel additives market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Europe have strict emissions and fuel cleanliness regulations in place, which drives the marine fuel additives market. Middle East & Africa witnesses a good shipping demand, thereby driving the marine fuel additives market. Comparatively, Asia Pacific and Latin America are relatively weak markets for marine fuel additives. However, given that these additives are an essential requirement in the marine industry, the global marine fuel additives market is expected to witness stable growth during the forecast period.
Key players orperating in the global marine fuel additives market include Biobor Fuel Additives, West Marine, Lubrizol Corporation, Innospec, BASF SE, Chevron Oronite Company LLC, Afton Chemical Corporation, Albemarle, Chemtura Corporation, Baker Hughes, The Dow Chemical Company, Evonik Industries, and NALCO Champion.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Browse Report @ https://www.researchmoz.us/marine-fuel-additives-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
90 State Street, Albany NY, United States - 12207
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow me on : https://marketinfo247.wordpress.com/
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