Market Overview
According to the report, the global Cetane Improver market was valued at approximately USD 949 million in 2019 and is expected to generate revenue of around USD 1,114 million by 2026, growing at a CAGR of roughly 2.31% from 2019 and 2026.
The stringent emission control regulations are considered as one of the prime factors that projected to driving the Cetane Improver market.
Cetane improver is a colorless to light yellow color liquid. It is a cost-effective additive used to raise the cetane number of distillate fuel stocks and to lower diesel exhaust emissions. It can be readily used by refiners and fuel users in all types of diesel fuel.
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Key Players
Key players in the Cetane Improver market cover Eurenco, Wonder Energy Chemical, Afton Chemical, EPC-UK, BASF, Lubrizol Corporation, Chevron Oronite, Cestoil Chemical, Dorf Ketal, Biysk Oleum, Baker Hughes, Innospec, Maxam, Total ACS, and BG Products.
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Forecast by Geography
Asia Pacific is the largest market with a share of 47.22%. The economic growth of china shifted inward, increases the freight movements that will lead to diesel demand in the market. China government is currently focusing on fuel specification and planning to enforce Euro V fuel specification by 2018. So, it is expected that the CNI market will also grow at a same pace, as the demand of diesel fuel in developing countries will increase in the near future. Europe is currently leading North America with a share of 24.66% and 21.89%.
Type Segment
Based on the type, the Cetane Improver market can be segmented into Nitrates, Peroxides, and Others.
Application Segment
Based on application, the Cetane Improver market is divided into Petroleum Diesel, Biodiesel, and Synthetic Diesel.
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Target Audience
l Cetane Improver manufacturers
l Distributors and resellers of Cetane Improver
l Cetane Improver industry associations
l Product managers, Cetane Improver industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Cetane Improver
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