Compressed Natural Gas Market Trends 2014 To 2020 by Grand View Research, Inc.

Global Compressed Natural Gas (CNG) Market is anticipated to reach USD 129.77 billion by 2020, according to a new study by Grand View Research, Inc. Growth of global natural gas vehicles (NGVs) industry coupled with increased automobile fuel efficiency attributed by CNG is anticipated to remain a key driving factor for the global market. Government subsidiaries in form of financial incentives particularly in Asia Pacific and Latin America is also expected to have a positive impact on the market growth. Positive outlook on exploration of unconventional resources including shale gas particularly in U.S. and China is expected to provide growth opportunities for market participants. High initial investment for CNG automobile storage tanks is expected to remain a key challenge for market participants over the forecast period. Increasing R&D expenditure by automobile manufactures on developing dual fuel engines is expected to remain a critical success factor over the next six years.

Non-associated gas emerged as leading source for CNG and accounted for 89.9% of total market volume in 2013. Increasing drilling activities particularly in Middle East is expected to ensure continuous supply of non-associated gases for CNG over the forecast period. Unconventional methods are expected to be the most lucrative source segment growing at an estimated CAGR of 28% from 2014 to 2020.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/compressed-natural-gas-cng-market

Further key findings from the study suggest:

• Global CNG demand was 61,668 MCM in 2013 and is expected to reach 108,957.9 MCM by 2020, growing at a CAGR of 8.5% from 2014 to 2020.
• Light duty vehicles (LDV) were the largest CNG consuming segment and accounted for 48.3% of total market volume in 2013. Growth of passenger cars particularly in emerging markets of BRICS is expected to drive this segment. LDV is also expected to witness highest growth rate over the forecast period. The segment is expected to grow at an estimated CAGR of 9.1% from 2014 to 2020.
• Asia Pacific was the leading regional CNG market and is expected to continue its dominance over the next six years in the global market. The region accounted for 46.6% of total market volume in 2013. Positive outlook on automotive industry coupled with government support to promote the use of alternative transportation fuel particularly in China and India is expected to drive the regional CNG market. Central & South America is expected to be the fastest growing regional market for CNG at an estimated CAGR of 17% from 2014 to 2020.
• Highly fragmented CNG industry participants compete on the basis of price differentiation across various regions. Major industry participants operating in the global CNG market include National Iranian Gas Comp, Indraprastha Gas Ltd (IGL), China Natural Gas Inc and Mahanagar gas Ltd (MNGL).

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For the purpose of this study, Grand View Research has segmented the CNG market on the basis of source, application and region:

Global Compressed Natural Gas (CNG) Source Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020)

    • Non-Associated Gas

    • Associated Gas

    • Unconventional Methods

Global Compressed Natural Gas (CNG) Application Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020)

    • Light Duty Vehicles

    • Medium/Heavy Duty Buses

    • Medium/Heavy Duty Trucks

    • Others

Global Compressed Natural Gas (CNG) Regional Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020)

    • North America

    • Europe

    • Asia Pacific

    • Middle East & Africa

    • Central & South America

Hydraulic Fracturing Market Forecast, Industry Outlook, Market Demand, Share 2014 To 2020 by Grand View Research, Inc.

The global hydraulic fracturing market is expected to reach USD 90.55 billion by 2020, according to a new report by Grand View Research, Inc. Hydraulic fracturing enables easier crude oil and natural gas extraction from unconventional reserves such as coal bed methane, shale formations, and tight sand.
Government support in the form of financial incentives and tax benefits particularly in Asia and North America is anticipated to drive the market over the forecast period. Shifting focus towards developing unconventional hydrocarbon resources owing to depleting production rates in conventional oil & gas reserves is expected to positively impact industry growth. Growing concern for ground water contamination has led regulatory bodies to ban hydraulic fracturing particularly in European countries including France and Tunisia. This is anticipated to remain a key challenge for industry participants over next six years.
Plug & perf was the leading technology segment and accounted for over 80% of total revenue in 2013. This technique is widely used in shale oil and shale gas completions and assists multistage fracturing for cased holes.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/hydraulic-fracturing-market

Further key findings from the report suggest:

• Global hydraulic fracturing market was valued at USD 41.62 billion in 2013 and is expected to reach USD 90.55 billion by 2020, growing at a CAGR of 11.8% from 2014 to 2020
• Proppants were the major fracking materials and accounted for over 25% of total revenue in 2013. Frac sand were the leading proppant type and generated revenue worth of USD 3.89 billion in 2013.
• Shale gas was the leading application segment and accounted for over 20% of total industry in 2013. Rising shale plays particularly in the U.S., Canada and China is anticipated to drive the market growth over the next six years.
• North America accounted for over 80% of total revenue in 2013. Initial development of the unconventional hydrocarbon resources coupled with favorable legislations by the Federal Government has contributed significantly for industry penetration in the region.
• Asia Pacific hydraulic fracturing market is anticipated to witness fastest growth over the forecast period on account of rising E&P in unconventional oil & gas reserves, particularly in China, Indonesia and Australia. The regional industry is estimated to grow at a CAGR of 19.1% from 2014 to 2020.
• Major players operating in the global hydraulic fracturing industry include Halliburton, Schlumberger, FTS International and Baker Hughes. Other players operating in the industry include Calfrac Well Services, Weatherford International, Cudd Energy, Talcrom Services, Superior Well Services, Trican Well Services and United Oilfield Services. 

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Specialty Fuel Additives Market To 2020 – Market Share, Growth, Trends: Grand View Research, Inc.

The global market for specialty fuel additives is expected to reach USD 8,517.6 million by 2020, according to a new study by Grand View Research, Inc. Dynamic regulatory trends, particularly in North America and Europe has prompted fuel marketers to use specialty fuel additives which is expected remain a key driving factor for the market over the forecast period. In addition, ban on MTBE in the U.S. is expected to further push the demand for fuel additives over the next six years. However, emergence of alternative fuel such as autogas (LPG) and CNG owing to eco friendly characteristics is expected to hamper the market growth over the next six years.

Deposit control additives emerged as the leading market products and accounted for 39% of total global volume in 2013. Increasing demand for detergent as an additive is expected to fuel the demand for deposit control additives over the forecast period. However, cold flow improvers are expected to be the fastest growing product segment at an estimated CAGR of 7.9% from 2014 to 2020. Positive outlook on biodiesel demand, especially in regional markets of North America and Europe is expected to boost cold flow improver sales over the next six years. The global demand for cetane improvers is projected to reach 209.6 kilo tons by 2020, at an estimated CAGR of 5.7% from 2014 to 2020.

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Global specialty fuel additives market volume share by product, 2012

Further Key findings from the study suggest:

• The global market for specialty fuel additives was 1,383.4 kilo tons in 2013 and is expected to reach 2,066.4 kilo tons by 2020, growing at a CAGR of 46% from 2014 to 2020.

• Gasoline dominated the global application market for specialty fuel additives, accounting for 46.2% of total market volume in 2013. High gasoline demand, mainly in the U.S. is expected to drive the demand for specialty fuel additives used in gasoline. However, owing to surging demand for ULSD, diesel is expected to surpass gasoline to emerge as the leading application market for specialty fuel additives by 2020. On the aforementioned factors, diesel is also expected to be the fastest growing application market for specialty fuel additives at an estimated CAGR of 6.5% from 2014 to 2020.

• North America dominated the global market for specialty fuel additives and accounted for 27.8% of total market volume in 2013. Clean fuel program initiated by the U.S. EPA is expected to drive the regional demand for specialty fuel additives. However, rapid strides by countries such as India and China in fuel consumption are expected to turn Asia Pacific as the most attractive market which is projected to grow at an estimated CAGR of 7% from 2014 to 2020. In addition, Asia Pacific is expected to surpass North America to become the largest market for specialty fuel additives by 2020.

• Global market for specialty fuel additives is moderately concentrated with top four companies including NewMarket, Innospec, BASF and Infineum accounting for 48.5% of total market in 2013. Other companies operating in the global specialty fuel additives market include, Lubrizol, Baker Hughes, Chevron Oronite, Albemarle, Chemtura, Clariant, Dow Chemical Company, Evonik Industries, Eurenco, Total Additives & Special Fuels, Dorf Ketal and NALCO Champion among others.

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For the purpose of this study, Grand View Research has segmented the global specialty fuel additives market on the basis of product, application and region:

Global Specialty Fuel Additives Product Outlook (Volume, Kilo Tons; Revenue, USD million)

        • Deposit Control Additives

        • Cetane Improvers

        • Antioxidants

        • Lubricity Improvers

        • Cold Flow Improvers

        • Corrosion Inhibitors

        • Others

Global Specialty Fuel Additives Application Outlook (Volume, Kilo Tons; Revenue, USD million)

        • Gasoline

        • Diesel

        • Aviation Turbine Fuel (ATF)

        • Others

Specialty Fuel Additives Regional Outlook

        • North America

        • Europe

        • Asia Pacific

        • Middle East & Africa

        • Latin America

New Report - Isosorbide Market Analysis, Market Demand, Trends: Grand View Research, Inc.

The global market for isosorbide is expected to reach USD 324.6 million by 2020, according to a new study by Grand View Research, Inc. The quest for replacing synthetic products with sustainable equivalents based on renewable resources has driven isosorbide exploration as a platform in the industry. Grand View Research further observes the growing end-use industries such as cosmetics and personal care are expected to contribute to the growth of the market. Moreover, due to the increasing concern regarding toxic chemical components, the industry is now focusing on bio-based products such as isosorbide.
PEIT (Polyethylene Isosorbide Terephthate) emerged as the leading application segment for isosorbide and accounted for 36.8% of the total isosorbide consumed in 2012. PEIT along with being the biggest application is also expected to be the fastest growing application segment for isosorbide at an estimated CAGR of 23.8% from 2013 to 2020. Other polymer applications such as polycarbonate, polyurethane and isosorbide diesters among others are expected to witness moderate growth in the future owing to continuous efforts in research and development of isosorbide derivatives for polymer applications. However, the conventional applications of isosorbide in pharmaceutical sector are relatively expected to witness sluggish growth over the forecast period.

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Isosorbide market volume share by application, 2012

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 Further Key findings from the study suggest:

• The global isosorbide market is expected to be 324.6 million by 2020 growing at a CAGR of 19.7% from 2013 to 2020.
• Resins and polymers emerged as the largest end-use industry for isosorbide and accounted for over 60% of the global demand in 2012. This segment is further expected to witness significant growth on account of steady research in the field. Other end-uses including pharmaceutical, cosmetics, personal care and food among others are projected to experience sluggish growth owing to saturated application market
• Asia Pacific continued its dominance in the overall isosorbide market and accounted for 41.4% of the total demand in 2012. Asia Pacific, along with being the biggest market is also expected to be the fastest growing market for isosorbide at an estimated CAGR of 24.1% over the forecast period. The growing bio-based plastics manufacturing capacity mainly in China due to low labor and raw material cost has been acting as one of the major factors driving the demand for isosorbide. Europe trailed Asia Pacific with just over 31% of the total demand in 2012. The North American market for isosorbide is expected to reach a market worth USD 63.8 million by 2020
• Some of the players in the industry such as Roquette, France and SK Chemicals, Korea have been investing in research and development and are working to produce eco-friendly polymers. However, the food and fuel debate for raw materials such as maize and wheat may hinder the market in future.

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