The report covers the global aviation fuel additives market and divides the market on the basis of type and geography. The market data for these types is given with respect to volume (Kilo Tons) and value (USD Million). The global aviation fuel additives market was valued at $579.5 million in 2014 and is projected to grow at a CAGR of 6.7% from 2014 to 2019. The data mentioned in the report are based on the global demand for aviation fuel additives.
The total market for aviation additives has been analyzed based on the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to aviation additives raw materials, manufacturers, and end-users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players who are contributing to the global aviation fuel additives industry.
The impact of different market factors, such as drivers, and inhibitors also illustrated in the report. This gives an idea about the key drivers, such as stringent environmental regulations, high growth in Asia-Pacific, rapid increase in aircraft manufacturing, and depleting quality of crude oil; and the inhibitors, such as rise in demand for alternate fuels and huge investments in R&D and technology.
The global aviation additives market has also been classified based on different types. The important types are deposit control additives, cetane improvers, antioxidants, dyes & markets, lubricity improvers, cold flow improvers, stability improvers, corrosion inhibitors, octane improvers, and anti-icing, among others.
The key companies in this market are Afton Chemical (U.S.), Albemarle Corp. (U.S.), BASF SE (Germany), Chemtura Corporation (U.S.), and The Lubrizol Corporation (U.S.), among others.. These companies are consistently focusing on expanding their production capacities to achieve a competitive advantage and thereby serve customers more effectively. Investments in expansion of plant capacities, followed by acquisitions, were the most preferred strategies by the top players in 2012 and 2013. Their strategies to capture the market in developing economies include expansions and agreements.
The Asia-Pacific market has emerged to be the driving factor for this market, contributing for 28.6% of the global demand, in terms of consumption, in 2014. It is the leading market in the consumption of aviation fuel additives mainly owing to the increased demand for efficient fuels.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading aviation additives companies in the past few years. Furthermore, different aviation additives market participants are also profiled in the report.
Scope of the Report:
This research report categorizes the global market for aviation additives on the basis of type and geography, along with forecasting volume, value, and analyzing trends in each of the submarkets.
On the Basis of Type:
• Deposit Control Additives
• Cetane Improvers
• Lubricity Improvers
• Cold Flow Improvers
• Dyes & Markers
• Corrosion Inhibitors
• Stability Improvers
• Octane Improvers
On the Basis of Geography:
• North America
• South America
• Middle East & Africa