Octane Market Competitive Trends 2017 - Acute Market Reports
Posted by akshayparmar on November 15th, 2017
Octane Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 - 2027, the octane market was valued at US$ 58.9 Bn in 2017, and is expected to reach US$ XX.X Bn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
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Octane rating is a measure of a fuel’s ability to defy knock. The octane necessity of an engine varies with the mechanical and geometric considerations, compression ratio and operating circumstances. Different compounds are added to gasoline to increase the octane number. Some compounds which are added to gasoline include ethanol, MTBE, ETBE and methanol. Among these, ethanol accounted for major share of the market and is expected to increase in the near future.
Gasoline is used for wide range of applications in the end-user industries. It is primarily used as fuel and has very high solvency properties. It is very often used to remove tar, grease, and waxes. It also makes an excellent solvent for cleaning metals parts and tools. Octane is used in gasoline to reduce the flammability, thus leading to high demand in the market.
• High demand from the petroleum industry
Chapter 1 Preface 14
Chapter 2 Executive Summary 19
Chapter 3 Market Dynamics 24
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