Refinery additives (RAs) are the chemicals or compounds that are used to improve performance in numerous refinery processes, such as reformer system, distillation, and in making end-product fuels. This performance improvement is required to meet the conditions prescribed by governments. There exist numerous types of refining additives, such as antioxidants, H2S and mercaptan scavengers, dehazers, lubricity improvers, octane and cetane improvers, metal deactivators, cold-flow and conductivity improvers, diesel stabilizers, and corrosion inhibitors.
Refining additives are used in several end-use petroleum products, such as gasoline, asphalt, diesel, and aviation fuel. These additives help meet distillate fuel specifications, increase profitability, navigate across a broad regulatory requirement range, and increase fuel performance. In the FCC (fluid catalytic cracking) process, additives are generally used for improvement in product quality and product distribution.
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Top Players in the Global Refinery Process Additives Market:
- Albemarle
- Arkema
- BASF
- Baker Hughes
- Cestoil
- Xingyun Chem
- Chevron Corporation
- Clariant
- CNPC Vanderbilt Chemicals
- The Lubrizol Corporation
- Dorf Ketal Chemicals
- Johnson Matthey (Interact)
- Jiangsu Taihu New Materials
- Dow
- Evonik Industries
- GE Water
- GPXC
- Sinopec
- Grace Catalysts Technologies
- Nalco Company
The report further discusses how the refinery process additives market is likely to expand during the forecast period in different segments of the market. The report provides qualitative and quantitative analysis in terms of opportunity analysis, market dynamics, and in-depth information on consumption, sales, and market growth.
Experts speculate that the refining additives market is estimated to witness strong growth during the forecast period. The key factor driving the market is the requirement of end-users to meet high fuel specifications imposed by government bodies and authorities. However, new regulations set by governments of various countries concerning air pollution control may restrain the market.
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Market segmentation based on Type Outlook:
- Product Quality Improvement Additives
- Environmental Protection Additives
- Extend Operating Cycle Reduce Energy Consumption Additives
- Raw Oil Quality Catalytic Activity Improvement Additives
- Product Distribution Improvement Additives
Application Outlook:
- Crude Oil Processing
- Fluid Catalytic Cracking
- Hydroprocessing
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Refinery Process Additives market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Refinery Process Additives market?
- Which regional market is expected to lead in terms of revenue share in the global Refinery Process Additives market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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