Jet fuels have a number of drawbacks that prevent them from being stored for lengthy periods of time and make their use and delivery even more challenging. By adding jet fuel additives to different aspects of the fuel, new advantageous traits can be given. Jet fuel additives are largely used in aviation fuels to increase fuel performance by removing undesired effects and to fulfil the aircraft's unique needs. Organic soluble compounds make up the majority of jet fuel additives. Anti-icing additives, antioxidants, antifoams, corrosion inhibitors, colors and markers, cetane improvers, and other sorts of jet fuel additives are available on the market. Depending on whether the jet fuel is used for military or domestic purposes, the additive content varies significantly. Corrosion inhibitor additives are largely used in jet fuels to increase their lubricating characteristics.
COVID-19 Impact analysis
- Because of COVID-19 outbreak, oil and gas consumption is down owing to lockdown in several nations, which has resulted in the entire shutdown of travel, tourism, and e-commerce, which is anticipated to reduce Jet fuel additives use.
- With the outbreak of COVID-19, demand for fuel from many industries plummeted, putting a damper on the use of gasoline additives at that time. The suspension of international air travel and economic activity throughout the world has had a significant impact on the market for gasoline additives.
Top Impacting Factors
Corrosion is a serious threat to wing and rotor aircraft. Microbial contamination produces extremely corrosive waste, which not only disrupts the engine's fuel flow but also damages the aircraft. Different types of jet fuel additives are used by aircraft facilities to eliminate these issues in the aircraft. As a result, demand for jet fuel additives is increasing over the world, propelling the worldwide jet fuel additives market. By minimizing the use of less appropriate addition solutions and draining operations to prevent ice formation and germs in the fuel system, jet fuel additives aid in the enhancement of health and safety for maintenance crew members. Environmental regulations in industrialized nations such as Europe and North America have resulted in a rise in demand for cleaner and more efficient fuels, boosting demand for alternative fuels such as liquefied petroleum gas (LPG) and biofuels. Manufacturing environmentally friendly additives that assist reduce carbon emissions is one of the primary problems recognized in the global jet fuel additives industry. Due to the fluctuating price of crude oil, manufacturers are attempting to lessen their reliance on traditional fuels, which can have a negative influence on their profit margins.
Market Trends
- At the chemical Verbund facility in Nanjing, China, BASF-YPC Co. Ltd., a 50-50 joint venture between BASF AG and China Petroleum & Chemical Corp. (Sinopec), proposes to enhance the capacity of a 600,000 tons/year steam cracker and invest in new downstream units.
- The Omsk Oil Refinery, which is operated by Gazprom Neft, has begun producing JET A-1 fuel for jet and turboprop engines. The company's jet fuel range will be expanded as a result of this. TS-1 aviation kerosene was originally manufactured at the Omsk Oil Refinery for the Russian market. The refinery will be able to generate up to 300,000 tons of fresh aviation fuel per year for the worldwide market under the new scheme.
- TotalEnergies has partnered with NOVA Chemicals and Borealis to develop the Bayport-Polymers joint venture in the United States. The project has two objectives: (i)construct a world-class ethane-based steam cracker at the integrated Port Arthur platform, and (ii) construct a new polyethylene unit at the Bayport facility.
Key Benefits of the Report
- This study presents the analytical depiction of the Jet fuel additives industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Jet fuel additives market share.
- The current market is quantitatively analyzed to highlight the Jet fuel additives market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed jet fuel additives market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Jet fuel additives Report
- Who are the leading market players active in the Jet fuel additives market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
- What is " Jet fuel additives "?
- What does “Jet fuel additives" allow organizations to achieve?
- Which technologies combine to make “Jet fuel additives” a critical organizational asset?
- What is "Jet fuel additives" Market prediction in the future?
- Who are the leading global players in the "Jet fuel additives" Market?
- What are the current trends and predicted trends?
- What are the challenges faced in the "Jet fuel additives" Market?
- Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
Jet Fuel Additives Market, by Type Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Industry Vertical |
|
 By Region |
|
 Key Market Players | NALCO, An Ecolab Company, Dorf Ketal, The Dow Chemical Company, Innospec, Shell, Biobor Fuel Additives, Nexeo Solutions., General Electric Company, BASF SE, Afton Chemical, Cummins Filtration |
Loading Table Of Content...
