Octane Booster Market - Forecast(2021 - 2026)

Amongst the various fuel additives, octane booster is one of the vital additives used to enhance the octane number of gasoline. Spark ignition internal combustion engines use gasoline which needs to be stable during the compression stroke. The pre-ignition of the fuel causes engine to knock and loss power. Henceforth octane booster is used to enhance the performance of gasoline in term of its knocking tendency. The types of Octane boosters include organ metallic and non-metallic. Moreover it has various advantages such as lubricity, cleaning, improving octane number, emulsifies moisture and so on.

Octane boosters have usage in wide spectrum of End user industries including automotive, aerospace, industrial machinery, power generators and more owing to their dominant applications in enhancing performance of the fuel. Octane booster market is set to grow with a good pace in the coming years.

The global Octane Booster market revenue is expected to grow from $Xx billion in 2015, to $Xx billion in 2021, at an estimated CAGR of Xx% from 2015 to 2021. 

Sample Companies profiled in this report are:

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Afton Chemical Corporation (U.S.), 

DoW Chemical Company (U.S.) 

Chevron Corporation (U.S.)

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The European region is expected to rejuvenate the Octane Booster market owing to the escalated demands of octane boosters from the Automotive, Power Generation and Aerospace industries.

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Europe is the leading market for Octane Booster in 2015 followed by Americas. The APAC region is forecast to exhibit high growth of Xx% CAGR through 2021 to reach $Xxx billion. In ROW region the expansion of the automotive sector especially in the high end cars segment are likely to propel the market for Octane Booster in the region. The market is projected to grow at CAGR of Xx% to expected reach $Xxx billion by 2021. The global demand for Octane Boosters is growing at good pace over the years, owing to the increasing demand from end user verticals such as packaging, consumer goods, construction and so on. 

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Companies such as DuPont and Chevron Corporation have fostered their Octane Booster portfolio to cater a wide range of applications across all the industrial verticals. In 2014, Ethanol which is used as an octane booster reached highest export level in U.S. Americas is estimated to create a boost in the market owing to the growing automobile industry and increasing innovations in the country. Increasing focus of key players on Octane Boosters owing to its wide spectrum of applications drives the global Octane Boosters market. This market is also estimated to witness good pace owing to increasing penetration in automotive, aerospace, industrial machinery and more sectors.

The report is segmented based product types, end use verticals and geographic regions. The market share analysis, strategies and future opportunities are also discussed in the report. The service market has been aiding the market in earning significant revenues apart from the hardware and software sales, with an augmented segment of the end-users, preferring the maintenance and outsourcing services instead of the in-house purchase and the subsequent maintenance.

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