Global Cetane Number Improvers Market: 2024-2031
Overview The Global Cetane Number Improvers Market reached US$ 891.86 million in 2023 and is expected to reach US$ 1,305.17 million by 2031, growing at a CAGR of 4.87% during the forecast period ... もっと見る
SummaryOverviewThe Global Cetane Number Improvers Market reached US$ 891.86 million in 2023 and is expected to reach US$ 1,305.17 million by 2031, growing at a CAGR of 4.87% during the forecast period 2024-2031. The global cetane number improvers (CNIs) market is experiencing steady growth as the demand for high-performance diesel fuels increases across the automotive, marine and agricultural sectors. CNIs play a crucial role in boosting diesel fuel's combustion efficiency, decreasing ignition delay and ultimately enhancing the fuel's overall performance. With stricter emission regulations and fuel standards enforced by regulatory bodies such as the Environmental Protection Agency (EPA) in US and the European Union (EU), the adoption of CNIs has become essential to meet compliance requirements. This trend is in line with the global effort to promote cleaner energy alternatives, fueling the market's growth in different industries. Asia-Pacific is the fastest growing region, as countries such as China and India are experiencing notable rising demand, supported by industrial growth and regulatory mandates for cleaner emissions. Furthermore, the automotive industry, particularly in these countries, is one of the largest consumers of cetane number improvers, with heavy-duty vehicles increasingly using high-performance fuels to achieve regulatory compliance. According to the International Energy Agency (IEA), these key countries are projected to witness a growth rate of 5.2% annually in diesel consumption, driving demand for fuel additives such as cetane number improvers. Dynamics Emission Regulations and Fuel Efficiency Standards Stringent emission regulations and the demand for better fuel efficiency in automotive, marine and industrial sectors are the main drivers of the global cetane number improvers market. Regulations such as the EPA’s Tier 3 standards and the EU’s Euro VI norms push for the reduction of sulfur content and particulate matter in diesel fuels, necessitating the use of CNIs to enhance combustion and lower emissions. The global automotive industry, which accounted for signifiacnt amount of shares for cetane number improvers usage in 2023, benefits from improved fuel performance that complies with these regulations. Furthermore, the demand for highly efficient agricultural and industrial equipment is helping drive the growth of the market. The global agricultural sector's diesel consumption is notable rise annually, with CNIs playing a crucial role in enhancing fuel efficiency. According to the Food and Agriculture Organization (FAO), this trend is expected to sustain as countries prioritize modernization in agriculture and industrial processes. Growing Demand Across Emerging Markets The emerging markets, especially US, China and India, are experiencing a notable uptick in sales of diesel vehicles and construction projects, resulting in higher need for diesel fuels. Government policies, such as China's "National VI" emission standards, are driving the growth of cleaner fuel solutions. These rules require the use of improved diesel blends with cetane number boosters (CNBs) to decrease emissions and enhance combustion effectiveness. Therefore, there is a growing trend among manufacturers and consumers to use cetane number improvers in order to meet regulations and enhance fuel efficiency. Similarly, in India, the Ministry of Petroleum and Natural Gas forecasts a 5% yearly growth in diesel fuel usage, boosting the demand for cetane number improvers. This increase is caused by the country's continuing infrastructure growth and urbanization efforts, which require diesel solutions that are both more efficient and environmentally friendly. Due to the importance placed on decreasing emissions and improving fuel standards by both countries, the demand for cetane number improvers is projected to increase significantly, highlighting the area's dedication to cleaner energy and sustainable progress. Volatility in Crude Oil Prices and High Production Costs The market faces challenges due to fluctuations in crude oil prices, which impact the overall pricing of diesel fuels and additives like cetane number improvers . According to the Organization of the Petroleum Exporting Countries (OPEC), crude oil price volatility has created uncertainty in the market, influencing the cost of diesel and, consequently, cetane number improver demand. This issue is compounded by the high cost of raw materials and production technologies needed for cetane number improvers, which often involve complex chemical processes and proprietary formulations. Additionally, transportation and logistics costs have spiked due to geopolitical tensions, such as the Russia-Ukraine conflict, impacting the supply chain for raw materials essential for producing cetane number improvers. The rising costs associated with maintaining production facilities and acquiring specialized ingredients have created financial constraints for manufacturers, slowing market growth. Segment Analysis The global cetane number improvers market is segmented based on type, diesel, distribution channel, application, end-user and region. Automotive Sector’s Rising Focus on Emission Reduction The cetane number improvers market continues to be heavily influenced by the automotive industry, with manufacturers prioritizing emission reduction and fuel efficiency improvements. Diesel vehicles, including trucks, buses and heavy-duty machinery, use cetane number improvers to achieve compliance with emission standards set by global regulatory bodies. For instance, the International Council on Clean Transportation (ICCT) is revisely proposed to European Union’s heavy-duty CO2 standards—which sets a 45% reduction target in 2030, 65% in 2035 and 90% in 2040, to achieve such target cetane number improvers plays crucial role, which fueled the market growth in the region. Furthermore, there is a growing trend of companies in commercial fleets incorporating cetane number improvers to enhance cost efficiency. Fleet operators are increasingly turning to high-performance fuels containing cetane number improvers to achieve better mileage and reduced maintenance costs, boosting the market’s expansion within the automotive sector. Geographical Penetration Asia-Pacific’s Leading Role in Market Expansion Asia-Pacific is poised to lead the global cetane number improvers market due to its expanding automotive and industrial base. Countries such as China, India and Indonesia are making significant investments to enhance the quality of diesel fuel in order to meet new emission standards, which is benefiting cetane number improvers. The Chinese government’s push for cleaner diesel vehicles, supported by initiatives such as the “Blue Sky” action plan, is expected to boost cetane number improver consumption, with the market projected to grow at a significant growth rate in upcoming year. Additionally, the Indian market is undergoing a transformation, with the government implementing Bharat Stage VI (BS-VI) standards to curb air pollution. The Indian Oil Corporation noted that cetane number improvers are essential for BS-VI diesel blends, causing an increase in local need. The cetane number improvers market is experiencing growth due to the region's strong economic outlook and growing investments in automotive and industrial sectors. Competitive Landscape The major global players in the market include BASF SE, The Lubrizol Corporation, Innospec, Chevron Corporation, Eurenco, Cestoil Chemical Inc., Kutch Chemical Industries LTD, Dorf-Ketal Chemicals India Private Limited and Afton Chemical. Sustainability Analysis The cetane number improvers market is aligning with sustainability trends as industries seek eco-friendly fuel solutions. Companies are creating bio-based and biodegradable cetane number improvers that support international emission goals and environmental regulations. The Renewable Energy Directive (RED II) of the EU boosts the consumption of cetane number improvers made from sustainable sources, advancing the adoption of renewable and low-carbon fuels. This shift is supported by technological advancements, such as Neste’s development of renewable CNIs using waste and residue raw materials, reducing the overall carbon footprint of diesel fuels. According to Intergovernmental Panel on Climate Change (IPCC), adopting sustainable cetane number improvers could reduce greenhouse gas emissions by 15% in the transport sector by 2030. The automotive and agricultural sectors are expected to be early adopters, as they aim to balance performance and environmental compliance, promoting sustainable growth within the cetane number improver market. Russia-Ukraine War Impact The Russia-Ukraine war has impacted the supply chain for raw materials used in cetane number improver production, particularly affecting European markets. The availability of crucial chemicals has been affected by the conflict, leading to increased energy costs and impacting the pricing dynamics of cetane number improvers. In response, the European Union has implemented measures to bolster local production capabilities and minimize reliance on external suppliers. According to the European Chemical Industry Council (Cefic), investments in local chemical manufacturing for cetane number improver production are projected to significant increase over the next five years, aiming to stabilize supply and reduce vulnerabilities associated with geopolitical conflicts. By Type • 2-Ethylhexyl Nitrate • Di-Tertiary Butyl Peroxide • Others By Diesel • Diesel • Bio-Diesel • Others By Distribution Channel • Online Sales • Direct Sales/B2B Sales • Retail Stores By Application • Direct Market • After Market By End-User • Transportation • Agriculture • Power Generation • Mining • Construction • Industrial • Others Region • North America o US o Canada o Mexico • Europe o Germany o UK o France o Italy o Spain o Rest of Europe • South America o Brazil o Argentina o Rest of South America • Asia-Pacific o China o India o Japan o Australia o Rest of Asia-Pacific • Middle East and Africa Key Developments • In October 2023, The Lubrizol Corporation has announced a new distribution contract with IMCD Group, a leading global distributor of ingredients and specialty chemicals. The collaboration enables more efficient distribution of Lubrizol's innovative solutions, particularly cetane number improvers (CNIs), which are essential for enhancing diesel fuel quality and compliance with environmental regulations. • In September 2022, Chevron Oronite has successfully completed Phases 1 and 2 of its lubricant additive’s expansion project in Singapore. With this increased capacity, Chevron Oronite is well-positioned to meet the rising demand for advanced diesel fuel formulations, including cetane number improvers, supporting the industry’s shift towards more efficient and environmentally friendly diesel solutions. • April 2022, Afton Chemical has introduced its latest advancement in diesel fuel detergent technology, Greenclean 3, in North America. Greenclean 3 represents a key development in the cetane number improvers market, as it not only enhances engine efficiency but also supports regulatory compliance by reducing emissions, aligning with the growing demand for cleaner fuel solutions. Why Purchase the Report? • To visualize the global cetane number improvers market segmentation based on type, diesel, distribution channel, application, end-user and region. • Identify commercial opportunities by analyzing trends and co-development. • Excel spreadsheet containing a comprehensive dataset of the cetane number improvers market, covering all levels of segmentation. • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study. • Product mapping available as excel consisting of key products of all the major players. The global cetane number improvers market report would provide approximately 78 tables, 75 figures and 205 pages. Target Audience 2024 • Manufacturers/ Buyers • Industry Investors/Investment Bankers • Research Professionals • Emerging Companies Table of Contents1. Methodology and Scope1.1. Research Methodology 1.2. Research Objective and Scope of the Report 2. Definition and Overview 3. Executive Summary 3.1. Snippet by Type 3.2. Snippet by Diesel 3.3. Snippet by Distribution Channel 3.4. Snippet by Application 3.5. Snippet by End-User 3.6. Snippet by Region 4. Dynamics 4.1. Impacting Factors 4.1.1. Drivers 4.1.1.1. Emission Regulations and Fuel Efficiency Standards 4.1.1.2. Growing Demand Across Emerging Markets 4.1.2. Restraints 4.1.2.1. Volatility in Crude Oil Prices and High Production Costs 4.1.3. Opportunity 4.1.4. Impact Analysis 5. Industry Analysis 5.1. Porter's Five Force Analysis 5.2. Supply Chain Analysis 5.3. Pricing Analysis 5.4. Regulatory Analysis 5.5. Russia-Ukraine War Impact Analysis 5.6. DMI Opinion 6. By Type 6.1. Introduction 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type 6.1.2. Market Attractiveness Index, By Type 6.2. 2-Ethylhexyl Nitrate* 6.2.1. Introduction 6.2.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%) 6.2.2. Di-Tertiary Butyl Peroxide 6.2.3. Others 7. By Diesel 7.1. Introduction 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Diesel 7.1.2. Market Attractiveness Index, By Diesel 7.2. Diesel* 7.2.1. Introduction 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%) 7.3. Bio-Diesel 7.4. Others 8. By Distribution Channel 8.1. Introduction 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel 8.1.2. Market Attractiveness Index, By Distribution Channel 8.2. Online Sales* 8.2.1. Introduction 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%) 8.3. Direct Sales/B2B Sales 8.4. Retail Stores 9. By Application 9.1. Introduction 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application 9.1.2. Market Attractiveness Index, By Application 9.2. Direct Market* 9.2.1. Introduction 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%) 9.3. After Market 10. By End-User 10.1. Introduction 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User 10.1.2. Market Attractiveness Index, By End-User 10.2. Transportation* 10.2.1. Introduction 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%) 10.3. Agriculture 10.4. Power Generation 10.5. Mining 10.6. Construction 10.7. Industrial 10.8. Others 11. Sustainability Analysis 11.1. Environmental Analysis 11.2. Economic Analysis 11.3. Governance Analysis 12. By Region 12.1. Introduction 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region 12.1.2. Market Attractiveness Index, By Region 12.2. North America 12.2.1. Introduction 12.2.2. Key Region-Specific Dynamics 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Diesel 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country 12.2.8.1. US 12.2.8.2. Canada 12.2.8.3. Mexico 12.3. Europe 12.3.1. Introduction 12.3.2. Key Region-Specific Dynamics 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Diesel 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country 12.3.8.1. Germany 12.3.8.2. UK 12.3.8.3. France 12.3.8.4. Italy 12.3.8.5. Spain 12.3.8.6. Rest of Europe 12.3.9. South America 12.3.10. Introduction 12.3.11. Key Region-Specific Dynamics 12.3.12. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type 12.3.13. Market Size Analysis and Y-o-Y Growth Analysis (%), By Diesel 12.3.14. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel 12.3.15. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application 12.3.16. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User 12.3.17. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country 12.3.17.1. Brazil 12.3.17.2. Argentina 12.3.17.3. Rest of South America 12.4. Asia-Pacific 12.4.1. Introduction 12.4.2. Key Region-Specific Dynamics 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Diesel 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country 12.4.8.1. China 12.4.8.2. India 12.4.8.3. Japan 12.4.8.4. Australia 12.4.8.5. Rest of Asia-Pacific 12.5. Middle East and Africa 12.5.1. Introduction 12.5.2. Key Region-Specific Dynamics 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Diesel 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User 13. Competitive Landscape 13.1. Competitive Scenario 13.2. Market Positioning/Share Analysis 13.3. Mergers and Acquisitions Analysis 14. Company Profiles 14.1. BASF SE* 14.1.1. Company Overview 14.1.2. Product Portfolio and Description 14.1.3. Financial Overview 14.1.4. Key Developments 14.2. The Lubrizol Corporation 14.3. Innospec 14.4. Chevron Corporation 14.5. Eurenco 14.6. BASF 14.7. Cestoil Chemical Inc. 14.8. Kutch Chemical Industries LTD 14.9. Dorf-Ketal Chemicals India Private Limited 14.10. Afton Chemical LIST NOT EXHAUSTIVE 15. Appendix 15.1. About Us and Services 15.2. Contact Us
ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。本レポートと同分野(ケミカル)の最新刊レポート
DataM Intelligence社のケミカル分野での最新刊レポート
本レポートと同じKEY WORD()の最新刊レポート
よくあるご質問DataM Intelligence社はどのような調査会社ですか?DataM Intelligenceは世界および主要地域の広範な市場に関する調査レポートを出版しています。 もっと見る 調査レポートの納品までの日数はどの程度ですか?在庫のあるものは速納となりますが、平均的には 3-4日と見て下さい。
注文の手続きはどのようになっていますか?1)お客様からの御問い合わせをいただきます。
お支払方法の方法はどのようになっていますか?納品と同時にデータリソース社よりお客様へ請求書(必要に応じて納品書も)を発送いたします。
データリソース社はどのような会社ですか?当社は、世界各国の主要調査会社・レポート出版社と提携し、世界各国の市場調査レポートや技術動向レポートなどを日本国内の企業・公官庁及び教育研究機関に提供しております。
|
詳細検索
2024/11/15 10:26 157.84 円 166.62 円 202.61 円 |