Friday 30 August 2019

Biofuel Additives Market : Growth Opportunities In Global Industry 2019-2025

Recent research and the current scenario as well as future market potential of "Global Biofuel Additives Market Insights, Forecast to 2025".

Biofuel Additives Market report presents in-intensity insight of Company Profile, Capacity, Product Specifications, Production Value, Sales, Revenue, Price, Gross Margin, Market Size and Market Shares for topmost prime key vendors like (Lubrizol, Fuel Quality Services, Chemiphase Ltd., Clariant, Afton Chemical, E-ZOIL, Eastman, Evonik, Chevron, Biofuel Systems).The Biofuel Additives Market report also provides a basic overview of the industry including its definition, applications and manufacturing technology. Analysis of Upstream Raw Materials, Downstream Demand, and Current Market Dynamics is also carried out. In the end, there are 4 key segments covered in this Biofuel Additives industry report: competitor segment, product type segment, end use/application segment and geography segment.

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Biofuel additives are mostly used to improve combustion characteristics of biofuels such as ethanol and biodiesel.

Though eco-friendly, biofuels carry some disadvantages such as injector deposit and corrosion, low oxidations stability, and high fuel foaming. This is addressed using biofuel additives. For example, biofuels are associated with corroded fuel systems, increased wax formation at lower temperature, and enhanced fuel foaming. To address this, additives are used for biofuels at different stages to maximize efficiency. For instance, biofuel additives are used during transit and end-user stage with biofuels in oil refineries.

Biofuel additives are increasingly witnessing demand, on the back of high performance and increasing acceptance of first and second generation biofuels. While second generation biofuels are currently nascent, diminishing quality of crude oil is paving way for increased uptake of biofuels. This, in turn, spurs demand for biofuel additives.

This report researches the worldwide Biofuel Additives market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Biofuel Additives breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The rapid increase in the global population raises the demand for food and energy for improved life. Therefore, the questions arising under the Food vs. Fuel debate are how much arable land is available, what should be the priority, and how should the land be used, among others. There is an increased debate on the increasing prices of food due to the crops utilized for the manufacturing of biofuels. For example, in 2012, Peter Brabeck-Letmathe, Chairman of Nestle, stated, If no food was used for fuel, the prices would come down again-that is very clear. In addition, Paul Conway, Chairman of Cargill, stated, "The bigger picture globally is increased urbanization, which leads to more food being consumed...there has also been an explosion in biofuel use and the financializing of the agricultural markets." The increasing number of such debates has decreased the adoption of biofuels to certain extent and the biofuel producers are conducting studies on the alternate sources of biofuels. Therefore, decreasing biofuel adoption has reduced the demand for biofuel additives across the globe.

The Food vs. Fuel debate has considerably decreased the growth of the biofuel additives market. However, with increasing advancement in second-generation biofuels, the impact of this driver is expected to decrease during the forecast period.
Biofuels are produced from the conventional feedstock or lignocellulose feedstock, which can be distinguished as first and second generation fuels. The consumption of biofuels has increased across the globe owing to its eco-friendly nature. However, there are several problems associated with their use such as high fuel foaming, injector deposits & corrosions, and low oxidation stability. Biofuel additives are specialty chemicals that are added to decrease such problems. Therefore, the market for biofuel additives is directly aligned with the production of biofuels.
Global Biofuel Additives market size will increase to 17900 Million US$ by 2025, from 5760 Million US$ in 2017, at a CAGR of 15.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Biofuel Additives.

This report focuses on the top manufacturers' Biofuel Additives capacity, production, value, price and market share of Biofuel Additives in global market.

The following manufacturers are covered in this report:
  • Lubrizol
  • Fuel Quality Services
  • Chemiphase Ltd.
  • Clariant
  • Afton Chemical
  • E-ZOIL
  • Eastman
  • Evonik
  • Chevron
  • Biofuel Systems

Biofuel Additives Breakdown Data by Type
Antioxidants
Corrosion Inhibitors
Cold Flow Improvers
Detergents & Dispersants
Octane & Cetane Improvers
Dyes & Markers
Others

Biofuel Additives Breakdown Data by Application
Bioethanol
Biodiesel

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Biofuel Additives Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions

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