Successful Increase in Reliability and Durability of Fuels is Boon in Disguise – Fuel Antioxidants Market Booming

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With various market acquisitions among the industry players of the fuel antioxidants market, the revenue has been rising eventually in the past few years. The coming few years of forecast period are noted to be of overall high expectation in terms of growing prominence, demand and sales.

Fuel Antioxidants are added to various fuels to increase the stability, quality and performance of the fuel. Even though antioxidants are used in less quantity, their purity has a notable impact on the physical properties as well as the processing and durability and further reduces the corrosion effects caused by fuels; thus, improving the combustion properties of fuels. The fuel exhibits limited durability if no antioxidants were added. This ability of fuel antioxidants to increase the reliability and durability of the fuels are the prime reason for the demand of this market.

Market Overview:

Fuel antioxidants are meant to prevent oxidation and gumming in fluids and other materials wherein free radicals must be controlled. As per regulatory institutions in Europe and the U.S., Butylatedhydroxytoluene is allowed to be used in small amounts in the food industry. 2,4-Dimethyl-6-tert-butylphenol and 2,6-Di-tert-butylphenol acts as ultraviolet stabilizers that are used in jet fuels and gasolines as these do not absorb UV light, therefore direct photo degradation is not suspected and prevent oxidation in fuels. More such types and being allowed legally in many places in the world which has increased the overall global scope of the Fuel Antioxidants Market.

Segmentation Outlook:

IndustryARC has segmented the Fuel Antioxidants Market into broad 4 types:

  1. By Form: Solid, liquid, gaseous, biofuel and fossil fuel

  2. By Type: Butylatedhydroxytoluene, 2,6-Di-tert-butylphenol, 1,2-Diaminopropane, 2,4-Dimethyl-6-tert-butylphenol, Ethylenediamine and Others

  3. By Application: Aerospace, Automotive, Energy, Lubricant & Grease, Welding & Metal Fabrication and Others

  4. By Geography: Americas, Europe, APAC and Rest of the World

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Insights on How Vendors are Prepping up for an Improved Market:

Ciba Industries and their investment of $100 Million to set up a manufacturing plant in Singapore for the production of phenolic antioxidants for lubricants and fuels.

Albemarle Corporation, a leading specialty chemicals company, has recently completed the acquisition of Rockwood Holdings to create one of the world’s premier specialty chemicals companies. This helps the company to expand its customer reach with increased diversity across end markets, technologies and geographies positions.

SI Group, a leading producer of phenolic, alkylphenolic, and alkylated phenols, is planning to acquire Albemarle Corporation’s antioxidant, ibuprofen, and propofol businesses.

Fluor Corporation was awarded with a front-end engineering and design (FEED) contract by South African Petroleum Refineries (SAPREF). SAPREF is a joint venture between Shell SA Refining and BP Southern Africa in bio-fuels.

LANXESS, a specialty chemicals company, has introduced a few highly concentrated additives to its biodiesel fuels product line, namely: Baynox Ultra and Baynox Cargo

IndustryARC research report includes more than 40 key players of Fuel Antioxidants Market analyzed in depth out of which few are:

  • Mustang Global Canada Inc.

  • Oxiris Chemicals S.A

  • Royal Dutch Shell PLC

  • Schaeffer Manufacturing Co.

  • Shenyang JuxinSkychen Chemical Co., Ltd.

  • SI Group, Inc.

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