The market for Cetane number improvers is very large due to its use in diesel fuel. There a lot of players in the market, with the leading key player being Veryone which completely owned by the Group SNPE.
The Cetane Number Improver are mainly of three types such as nitrates, peroxides and others. The Cetane Number Improver Market is expected to grow with a CAGR of 5.2 % during the forecast period i.e. 2018 - 2023. The global market for Cetane Number Improver is estimated at $702.1 million in 2017. APAC is the major and fastest growing region with a healthy CAGR of 7.2% and revenue of $289 million in 2017. By Diesel type, the market is categorized into petroleum diesel and biodiesel. 2-Ethylhexyl Nitrate is the most widely used diesel fuel additive to improve the Cetane Number. The market for Cetane number improvers is very large due to its use in diesel fuel. There a lot of players in the market, with the leading key player being Veryone which completely owned by the Group SNPE. Veryone has a global market share of more than 40%. Asia-Pacific (APAC) has the largest market share in this market followed by Europe, then North America and then the rest of the world.
Cetane Number Improver (2-EHN) (SAP) Market Outlook:
2-Ethylhexyl Nitrate (2-EHN) is a Cetane Number improver for diesel and Bio-diesel fuels. It is manufactured by the reaction of ethanol with Nitric acid with Sulfuric Acid as a catalyst and a few treatment processes. The Cetane number evaluates the fuel’s ignition quality. Higher the Cetane number cleaner the burn resulting in lesser pollutants formed and higher efficiency. 2-EHN can be introduced in either before market or after-market stages of the fuel. It can be injected or pumped at the fuel refinery itself or can be added at the use source such as the vehicles fuel tank or machines fuel tank. It can also be added directly or as a mixture with other fuel additives. Due to this it finds application in various end user industries that use diesel as a fuel for their work.
Cetane Number Improver (2-EHN) Market Growth drivers:
Major growth drivers for the 2-EHN Cetane number improver market is the strict regulations that different countries are implementing so as to reduce air pollution. The implementation of the China V and China VI standards and Bharat stage VI standards for diesel have been a major growth driver In the Asia pacific region.
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Cetane Number Improver (2-EHN) (SAP) Market Challenges:
The major Challenge that exists in the market for Cetane Number improver 2-Ethylhexyl Nitrate is the presence of substitutes such as di (tert-butyl) peroxide (DTBP) and others which are a restraint on the market for 2-EHN. DTBP has similar Cetane number improvement properties to 2-EHN with better thermal stability.
Cetane Number Improver (2-EHN) (SAP) Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Cetane Number Improver (2-EHN) Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.
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Cetane Number Improver (2-EHN) (SAP) Market Report: Industry Coverage
Cetane Number Improver (2-EHN) Market– by Fuel: Petroleum Diesel, Bio-Diesel and others.
Cetane Number Improver (2-EHN) Market– by Packaging Type: Bottles, Pails, Drums and others.
Cetane Number Improver (2-EHN) Market– by Distribution channel: Online sales, Retail Stores, B2B and others.
Cetane Number Improver (2-EHN) Market– by Point of Application: Direct Market and After Market.
Cetane Number Improver (2-EHN) Market – by End User Industry: Oil and gas Industry, Automotive Industry, Petroleum Industry, Transportation Industry, Mining Industry, Agricultural Industry, Construction Industry and others.
The Cetane Number Improver (2-EHN) Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
Cetane Number Improver (2-EHN) (SAP) Market Key Players Perspective:
Some of the Key players in this market that have been studied for this report include: Veryone, Dorf Ketal, Lubrizol, Innospec, Afton chemicals, FPPF, Ecolab, Nitro ERG, Liao Dong Chemical, Eon Chemicals, Cestoil and many more.
Market Research and Market Trends of Cetane Number Improver (2-EHN) (SAP) Market
- One trend that is seen in the market is the growing demand for Cetane number improvers from the Asia Pacific region which is driving the increase in demand for 2-EHN due to increasing population and improving economic performances. This has also led to the establishment of manufacturing facilities in the APAC region for the production of 2-EHN.
- The global trend in adopting Better diesel fuel standards by governments across the world is another factor that is pushing the Market for 2-EHN Cetane number market improver upwards. With the rise in air pollution levels the need for stricter pollution emission norms from motor vehicles and other sources is a necessity which is being addressed by the governments, especially in the Asia Pacific region. Cetane number improvers help in this process.
- Another trend that is seen in the market is the sales of 2-EHN Cetane Number improver as a mixture with other multifunctional fuel additives that provide improved performances f various characteristics of the fuels and the sale of these products on online platforms. This has increased the market reach of the product thus increasing the market size.
