The Global Cetane Number Improver Market size is projected to reach USD 7.6 billion by 2028 and is expected to grow at an estimated CAGR of 4.0% from 2021-2028. The key factor for this growth is the increasing demand for diesel products and stringent emission norms across various countries. The North American region is expected to hold the largest share in the global Cetane Number Improver Market due to favorable government initiatives and growing demand for biodiesel fuels in this region. The global demand for Cetane Number Improvers is driven by factors such as increasing environmental regulations on greenhouse gas emission levels from engines, growing usage rate of synthetic fibers which lead to increase the need for lubricants replacing mineral oils, high costs associated with engine repairs due to malfunctioning timing belt, etc., among others.
The Cetane Number is a measure of the ignition quality of diesel fuel. It indicates how well a particular type of diesel will ignite or "knock" during combustion, which can cause engine knock and power loss. The higher the cetane number, the better it ignites under compression - for instance during an internal combustion process in motor vehicles. This makes them more desirable to consumers who want better performance from their engines such as greater efficiency and lower emissions. Cetane improver additives are used to improve the cetane rating of fuels so that they handle better than otherwise would be expected at low temperatures where there is less available oxygen.
Cetane improver additives are used to improve the cetane rating of fuels so that they handle better than otherwise would be expected at low temperatures where there is less available oxygen. The use of biodiesel in North America has increased dramatically because it provides a cleaner-burning fuel option, while petroleum-based diesel products have been declining for years in Latin America because of their higher prices and emissions concerns.
On the basis of Type, the market is segmented into 2- Ethylhexyl Nitrate (EHN), Di- Tertiary Butyl Peroxide (DTBP), and Others.
EHN is a chemical additive used to improve the cetane number of diesel fuel. It can be produced by reacting olefins with nitric acid under conditions that prevent polymerization, or it can be made from dimerized linear alkenes such as ethylene and propylene via an electrochemical process. EHN improves the combustion quality of diesel engines because they contain higher amounts of alkanes than other petroleum products -and increase in which benefits combustion- but also reduces emissions due to its lack of sulfur content. Propylene based EHN is less expensive than petroleum-based products due to their lower price of production
DTBP is a chemical additive used to improve the cetane number of diesel fuel. DTBP can be made by reacting diolefins with peroxide, or it can be produced in an electrochemical process from monomers such as butadiene and styrene via anionic polymerization
On the basis of Application, the market is segmented into Biodiesel and Petroleum-Based Diesel. The Petroleum-Based Diesel segment is projected to grow at a noteworthy CAGR from 2021-2028 in North America, which can be attributed mainly to the increasing fuel demand for diesel vehicles and stringent emission regulations on diesel engines.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. The global cetane improver market is projected to have an exponential growth rate during the forecast period (2021 - 2028). This can be attributed mainly because of the increasing demand for green diesel fuels especially in Europe due to stringent emission regulations on diesel engines and vehicles. In addition, the European Union set up a Renewable Energy Directive that requires all member states by 2020 to ensure their transport sector falls below its 1990 level of fossil fuel consumption per capita with regard to road transport including aviation; thus favoring the usage of biofuels. The Asia Pacific market is expected to experience the highest growth rate attributed mainly to high demand for low sulfur diesel fuels in these regions and stringent emission regulations on vehicles; this has led to an increase in R&D activities by companies involved in producing cetane number improver additives.
Up Market Research published a new report titled “Cetane Number Improver Market research report which is segmented by Types (2-Ethylhexyl Nitrate (EHN), Di-Tertiary Butyl Peroxide (DTBP), Others), By Applications (Biodiesel, Petroleum Based Diesel), By Players/Companies BASF, The Lubrizol, Innospec Specialty Chemicals, Chevron Oronite, Eurenco, Nitroerg, Cestoil Chemicals, Kutch Chemical Industries, EPC-UK, Dorf-Ketal”.
|Report Attributes||Report Details|
|Report Title||Cetane Number Improver Market Research Report|
|By Type||2-Ethylhexyl Nitrate (EHN), Di-Tertiary Butyl Peroxide (DTBP), Others|
|By Application||Biodiesel, Petroleum Based Diesel|
|By Companies||BASF, The Lubrizol, Innospec Specialty Chemicals, Chevron Oronite, Eurenco, Nitroerg, Cestoil Chemicals, Kutch Chemical Industries, EPC-UK, Dorf-Ketal|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||240|
|Number of Tables & Figures||168|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 2-Ethylhexyl Nitrate (EHN), Di-Tertiary Butyl Peroxide (DTBP), Others and By Application Biodiesel, Petroleum Based Diesel.
Some of the companies that are profiled in this report are:
Cetane Number Improver Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cetane Number Improver Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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