[FURL=https://www.industryarc.com/Report/16152/iso-octane-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Iso-Octane Market[/FURL] size is forecast to reach $8.47 Billion by 2025, after growing at a CAGR of 7.86% during 2020-2025. The increased use of isooctane as an anti-crashing additive in petrol is the driving force behind the growth of the world market in isooctane. These compounds are used in petrol engines and are added to improve the quality and efficiency of fuels. Additives are also added into the fuel to enhance knock strength and prevent self-igniting of the air-fuel mixture in the motors. The growth of the Iso Octane Industry over the predicted period will also increase in increased demand for biologically based Iso-octane and increase consumption of Iso-Octane across various industrial verticals.Key Takeaways
Another factor that is expected to boost global market growth in the near future will be the use of economical bio-iso octane which will prevent refiners from combining higher amounts of isooctane into their gasoline products. Moreover, growing market acceptance of isooctane by ma tor players is a predicted driver of growth on the target market.
Globally, the growth of the global value of isooctane include high-efficiency and advanced technology development, increasing industrial fuels demand, the strong development of the automotive industry, stringent government emission standards, and superior isooctane performance. Methyl tert-butyl ether is an organic liquid compound that can lead to significant soil and ground water pollution and is volatile, inflammable, and colorless. More and more MTBE plants have been transformed into Isooctane production plants, another factor driving the growth of the international market, to avoid soil water pollution.
The application industries of Iso-Octane have been affected by the outbreak of COVID-19 palindrome. Iso Octane's and supply chain has been hampered by the temporary closures of the production industry and other industrial activities.
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Iso-Octane Market Segment Analysis - By Geography
Asia-Pacific (APAC) dominated the Iso-Octane Market with a share of 37% in 2019 and is projected to dominate the market during the forecast period (2020-2025).
Iso-Octane Market Drivers
Increasing demand
The growth of the target market is the increasing preference of isooctane additives for methyl tert-butyl ether (MTBE). A substantial soil and groundwater contamination is due to methyl tert-butyl ether, an organic compound with volatile, inflammable, and colorless liquid. Another aspect that fuels demand on the global market is the intensified conversion of methyl tert-butyl ether into isooctane processing plants to avoid groundwater pollution.
Iso-Octane Market top10 companies are Shell, Exxonmobil, BP, DOW, ConocoPhillips, PDVSA, Petrobras, LUKOIL, Valero, Sabic, Chevron Corporation, KNPC, ENI, NIOC.
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