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.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/specialty-fuel-additives-industry

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.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/Isosorbide-Industry

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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Fuel Cell Market to Reach 664.5 MW by 2020: Grand View Research, Inc.

Global fuel cell capacity is expected to reach 664.5 MW by 2020, growing at a CAGR of 22.6% from 2014 to 2020. Government support across various nations to develop hydrogen fuel station is expected to remain a major driving factor for the market over the next six years. In addition, favorable regulatory scenario owing to shift in focus towards developing renewable energy is also expected to boost the global fuel cell market over the forecast period. However, high switching cost and lack of infrastructure in developing countries are identified as major restraints to the market.

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

Fuel cell market volume share, by application, 2013

Further key findings from the study suggest:

• Global fuel cell shipments were 50,050 units in 2013 and are expected to reach 790,450 units by 2020, growing at a CAGR of 49.1% from 2014 to 2020.

• PEMFC emerged as the leading product segment in the overall market and accounted for 88.6% of total units shipped and 42.8% of total capacity in 2013. However, MCFC is expected to be the fastest growing product segment for fuel cell at an estimated CAGR of 56.6% from 2014 to 2020.

• Portable applications dominated the global application market for fuel cells, accounting for 71.2% of total unit shipments in 2013. However, in terms of capacity, stationary applications emerged as the leading application market and accounted for 58.1% of total capacity installed in 2013.

• North America emerged as the leading consumer for fuel cell in terms of installed capacity and accounted for 42.5% of total capacity in 2013. In terms of total unit shipments, Asia Pacific emerged as the leading consumer and accounted for 36.9% of total market in 2013. However, North America is expected to surpass Asia Pacific to become the largest market for fuel cell both in terms of unit shipments and capacity by 2020.

• The global market is highly concentrated with top four participants catering to over 70% of global demand. The market is dominated by companies such as Fuel Cell Energy, Ballard, Clearedge and Toshiba. Some of other companies operating in the global market include, Panasonic, Plug Power Inc. and Hydrogenics Corporation.

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

Fuel Cell Product Outlook (Unit Shipment; Revenue, USD Million; Capacity, MW; 2012-2020)

        • PEMFC

        • DMFC

        • PAFC

        • SOFC

         • MCFC

        • AFC

        • Others

Fuel Cell Application Outlook (Unit Shipment; Capacity, MW; 2012-2020)

        • Stationary

        • Portable

        • Transportation

Regional coverage of the database includes:

        • North America

        • Europe

        • Asia-Pacific

        • RoW

Coal Bed Methane Market Size Worth USD 17.31 Billion By 2020: Grand View Research, Inc.

Global CBM (Coal Bed Methane) market is expected to reach USD 17.31 billion by 2020, growing at a CAGR of 5.9% from 2014 to 2020. Unconventional CBM reserves, especially in coal-rich regions are increasingly gaining the spotlight as the industry strives for energy independence. Exploration and commercialization of unconventional hydrocarbon energy sources is seen as a critical step by energy agencies, to stabilize the energy supply-demand gap in the coming years. With CBM being a pure natural gas form, producers and consumers also have the opportunity to obtain much needed carbon credits and tax incentives.
The strict framework designed for extraction by various environmental agencies coupled with the highly capital intensive process is expected to be a key challenge for industry participants over the next six years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/coal-bed-methane-industry

Further Key findings from the study suggest:

• Global CBM production was 2,920.3 Bcf in 2013 and is expected to reach 4,667.4 Bcf by 2020, growing at a CAGR of 7% from 2014 to 2020.

• Power generation and industrial applications dominated CBM usage, accounting for over 64% of global volumes in 2013, with the former expected to be the fastest growing CBM market, at an estimated CAGR of 8.5% from 2014 to 2020.

• U.S. and Canada are the largest CBM producers, accounting for over 70% of global volume in 2013. U.S. CBM market revenues were estimated at USD 7.22 billion in 2013 and are exoected to grow at a CAGR of 5.4% from 2014 to 2020.

• Asia Pacific is expected to be the most dynamic regional market, with significant unexplored reserves. China, India and Indonesia are expected to lead the Asian CBM industry. The Chinese Ministry of Land and Resources has already announced plans to produce 16 billion cubic meters of coal bed methane by 2015, while Indonesia has already audited 1,000 bcf net resources and has production target of over 15,000 bcf by 2020.

• Key companies involved in CBM extraction include Arrow Energy, Dart Energy, Santos, PetroCHina and petronas.

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

CBM Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)

        • Power Generation

        • Industrial

        • Residential

        • Commercial

        • Transportation

Regional coverage of the database includes:

• North America

        • U.S.

        • Canada

• Europe

        • Russia

• Asia-Pacific

        • China

        • India

        • Australia

        • Indonesia