Octane is an alkane and hydrocarbon with formula C8H18 and structural formula CH3(CH2)6CH3. It has many isomers which are also known as structural isomers which differentiate from each other by the amount and location of branching in the carbon chain. Isooctane is usually used as a standard value in the octane rating scale. Octane is colloquially used as a short term for octane rating which is one among the characteristic of octane’s branched chain isomers which include isooctane. The octane rating was originally determined by mixing a gasoline which is made entirely of heptane and 2,2,4-trimethylpentane which is one among the highly branched octane. Based on compounds the global octane market is segmented into ethanol, Methyl Tertiary-Butyl Ether (MTBE), Ethyl Tertiary-Butyl Ether (ETBE) and methanol. Among these, ethanol accounted for major share of global octane market in 2015 and is expected to increase in the near future. Ethanol can run at much higher exhaust gas recirculation rate with higher compression ratios. It has a higher octane rating as compared to petrol which created very fine particulates. The higher the octane rating of fuel the more it is resistant to knocking. Hence, high demand is reported for ethanol in the market. MTBE, ETBE and methanol are also projected to boost high demand for octane in the near future. Fuel and fuel additives accounted as the major application of octane and is expected to increase in the near future. Other applications such as paints & coatings are also anticipated to boost high demand for octane during the forecast period.
Octane market was valued at US$ 53.1 Bn in 2015 and is expected to reach US$ 77.2 Bn by 2023, growing at a CAGR of 5.5% during the forecast period 2016-2021.
Purpose of the Report
The purpose of this strategic research study titled “Global Octane Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global octane market.
Target Audience
USP and Key Offerings
The report titled “Global Octane Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global octane market along with the market size and estimates for the duration 2016 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading octane vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global octane market, of growth, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.
Octane is an alkane and hydrocarbon with formula C8H18 and structural formula CH3(CH2)6CH3. It has many isomers that are also known as structural which differentiate from each other by the amount and location of branching in the carbon chain. Isooctane is usually used as a standard value in the octane rating scale. Octane is colloquially used as a short term for octane rating which is one among the characteristic of octane’s branched chain isomers which include isooctane. Based on applications, global octane market is segmented into fuel & fuel additives and others. Fuel & fuel additives accounted for major share of global octane market in 2015 and is expected to increase in the near future. Gasoline additives are used to increase gasoline octane ratings. They also act as corrosion inhibitors or lubricants which allow the use of higher compression ratios for greater efficiency and power. Different types of fuel additives which are used include metal deactivators, corrosion inhibitors, oxygenates and antioxidants. Fuel additives play a major role in maintaining the octane rating of fuel. The higher the octane rating, the greater is the resistance to knocking. Hence, high demand is reported for fuel & fuel additives for octane in 2015. Others applications is also anticipated to boost market demand for octane during the forecast period from 2016 to 2023.
Based on compounds, the global octane market is segmented into ethanol, Methyl Tertiary-Butyl Ether (MTBE), Ethyl Tertiary-Butyl Ether (ETBE) and methanol. Among these, ethanol accounted for major share of global octane market in 2015 and is expected to increase in the near future. Ethanol can run at much higher exhaust gas recirculation rate with higher compression ratios. It has a higher octane rating as compared to petrol which created very fine particulates. The higher the octane rating of fuel the more it is resistant to knocking. Hence, high demand is reported for ethanol in the market. Methyl Tertiary-Butyl Ether (MTBE) followed ethanol in terms of demand and accounted as the second largest market for octane in 2015. The market for Methyl Tertiary-Butyl Ether (MTBE) is anticipated to increase during the forecast period as it effectively burns carbon dioxide and water. Ethyl Tertiary-Butyl Ether (ETBE) accounted as the third largest market for octane in 2015 and is expected to experience moderate growth in the near future. ETBE is a biofuel which is a colorless to pale yellow liquid. It is an organic compound with distinctive ether like odor derived from isobutylene and ethanol. ETBE is an oxygenated gasoline fuel component and ether. ETBE is better known as oxygenates which are used as octane boosters to replace toxic and carcinogenic compounds which include lead. Therefore, ETBE is also expected to fuel demand for octane in the near future. Methanol which is also used as an octane improver is projected to boost market demand for methanol in the near future.
North America accounted for the largest share of global octane market in 2015. It accounted for more than 51% revenue share of global octane market and is expected to increase in the near future. Growing demand for environment friendly fuel is the major factor promoting growth of octane in the region. High consumption and demand for automobiles in the region, especially from the developed countries like U.S. has led to high demand for environment friendly fuel, thereby generating high demand for octane in the market. Asia Pacific accounted as the second largest and fastest growing region for global octane market in 2015 and is anticipated to retain market position in the near future. High demand for luxury cars from the developing countries such as India and China has led to high growth of global octane market in the region. Europe followed Asia Pacific in terms of demand for octane and is expected to experience moderate growth in the coming years. Other regions such as Latin America and Middle East & Africa are also projected to contribute to the growth of global octane market during the forecast period from 2016 to 2023.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Octane market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
| Segmentation | |
Compounds
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Applications
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
