Refinery Process Additives (SAP) Market Overview:
Refinery process additives are used as fuel enhancers. A variety of additives are being used depending on its functionality. There are many type of refinery process additives being introduced year by year. The lead is held by a few companies differing the End user industry they are the leading supplies to such as: BASF, The Lubrizol Corporation, Albemarle, Clariant AG and Vanderbit Chemicals LLC and many more.
Refinery Process Additives (SAP) Market Outlook:
Refinery process additives are used to separate and remove water content from the oil. These additives are cost effective and are much efficient. There are various types of additives that are available in the market which include demulsifiers, corrosion inhibitors, antifoulants, Lubricity improvers and many more. Demulsifiers are used to break water content from the oils. Lubricity improvers act as protective films and improves the lubricity. Corrosion inhibitors helps in preventing corrosion in injectors and fuel pumps.
Refinery Process Additives Market Growth drivers:
The major drivers for the Refinery Process Additives market was the tightening of regulations globally in regards to Air pollution standards. Countries like China, India and North America have set some regulations on the sulfur content. The bio based refinery process additives release less toxic substances than the previous traditional additives. US has planned to build new oil refineries in Texas, India to build a new refinery in Ratnagiri, Maharashtra. The increase in the setup of new refineries eventually increases the market for refinery process additives.
Another growth driver has been the use of refinery process additives in fuel enhancement. The surge in increase in the demand for fuel efficient vehicles is also a driver for refinery process additives.
Refinery Process Additives (SAP) Market Challenges:
The major challenge in the Refinery Process Additives market is in terms of Research and Development. The new regulations set by the government authorities in various countries in terms of air pollution control is also a challenge in this market. The refinery process additives market requires constant innovations so as to provide better performing products to the Energy, Oil and gas and Petrochemical verticals so that that they can compete against the rising prices of raw materials, increasing competition and supply the increasing demand and rising global population efficiently without hiking their prices tremendously.
Refinery Process Additives (SAP) Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Superabsorbent Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.
Refinery Process Additives (SAP) Market Report: Industry Coverage
Refinery Process Additives Market– By Functionality: Demulsifiers, Desalter, Corrosion inhibitors, Defoamer and others.
Refinery Process Additives Market– By Application: Gasoline, Aviation fuel, Residual fuel and others.
Refinery Process Additives Market– By Process: Distillation, Cracker, Desulfurization Catalytic reforming and others.
Refinery Process Additives Market– By Crude Type: Low viscosity crude oil, Medium viscosity crude oil, Heavy viscosity crude oil.
The Superabsorbent Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
Refinery Process Additives (SAP) Market Key Players Perspective:
Some of the Key players in this market that have been studied for this report include: BASF, Clariant AG, Johnson Matthey, , Arkema SA, Albermale Corporation, Vanderbit Chemicals Pvt. Ltd. and many more.
Market Research and Market Trends of Refinery Process Additives (SAP) Market
- BASF in its recent research has found that the derivatives of N-Alkyl or N-Alkenyl has much better corrosion inhibiting properties than the existing corrosion inhibitors in the crude oil products.
- Ketal chemicals, also a key player in the refinery process additives market had done a research and found that additives when used in desalting process will help much in eliminating the salt content in the crude oil.
- Vehicle Technologies office is doing a research in developing oil additives that can improve the combustion internally in engines.
- SK capital has acquired the Israel chemicals oil additives business.