Report Code: A12873 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Fuel Oxygenates Market
Request Now !Chemical compounds containing an oxygen atom in a chain of carbon and hydrogen atoms are known as fuel oxygenates. Alcohols and ethers, such as ethanol, methyl tertiary butyl ether (MTBE), ethyl tertiary butyl ether (ETBE), and tertiary amyl methyl ether (TAME), are fuel oxygenates (TAME). These have a lot of oxygen in them; thus, they can assist with simple burns. Fuel oxygenates are generally utilized as fuel additives in reformulated gasoline, oxygenated fuel, and premium types of unleaded gasoline to increase the octane number. The global fuel oxygenates market is expected to be driven by technological improvements such as 100% bio-ether production, ternary blending, and conversion of tertiary amyl methyl ether (TAME) to tertiary amyl ethyl ether (TAEE) during the coming years.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) and |
 Segments Covered |  Type, End use Industry, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Evonik Industries, Fluor Corporation, LyondellBasell, Panjin Heyun Industrial Group Co., Ltd, PETRONAS Chemicals Group Berhad, ProTec International, USA, Qatar Fuel Additives Company, Royal Dutch Shell plc, Saras S.p.A., Saudi Basic Industries Corporation (SABIC), Sibur International, Wanhua Chemical Group Co., Ltd. |
COVID-19 Impact analysis
Top Impacting Factors
The worldwide fuel oxygenates market is expected to grow as more green technologies are adopted in the manufacturing of fuel oxygenates. The rise of bio-based fuel oxygenates to minimize smog-forming precursors such VOCs generated by cars is driving up demand for fuel oxygenates in the automotive and transportation industries. Bio-ether-based fuel oxygenates improve fuel quality by reducing CO2 emissions throughout their lifecycle and providing superior balance between the high- and low-speed octane ratings (Motor Octane Number MON and Road Octane Number RON) required by current vehicles. As a result, demand for green fuel oxygenates is likely to skyrocket in the coming years, as they help cut down on fuel usage, prices, and emissions. The global fuel oxygenates market is expected to be driven by increased demand for green fuel oxygenates in transportation, vehicle fleets, cargo shipping, automotive, industrial, and commercial industries. The market for fuel oxygenates is expected to be hampered by an increase in the adoption rate of electric vehicles among consumers around the world.
Market Trends
Key Segments Covered
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Key Benefits of the Report
Fuel Oxygenates Market Report Highlights
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Key Market Players | PETRONAS Chemicals Group Berhad, Royal Dutch Shell plc, Saras S.p.A, Panjin Heyun Industrial Group Co., Ltd, Wanhua Chemical Group Co., Ltd., Sibur International, LyondellBasell, Saudi Basic Industries Corporation (SABIC), Fluor Corporation, ProTec International, Evonik Industries, Qatar Fuel Additives Company |
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