Raipur, India, April 19, 2018 (GLOBE NEWSWIRE) -- Report Sellers has added a new market research report “Octane Improver Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
Key Market Insights
This technology created a revolution in fuel and its storage industry as this has provided a long-term benefit at low cost. The increasing concern toward environment protection, where fuel consumption is a major issue, provides a promising growth potential for the octane improver market, that has the maximum demand. The market has an advantage of its properties, that helps in increasing its fuel efficiency, and environment improvement. The high demand for this is coming from the US and European countries for the advanced technologies in passenger vehicles. This gives North America a lead in the global octane improver market. Apart from this, European countries are also developing high demand, following North America, owing to the higher consumer acceptance and high demand from the automotive and marine sector. Asia Pacific followed Europe and accounts for the third largest market for octane improver with the presence of large petrochemical industry and the presence of big Chinese market.
Browse through the complete description and in-depth TOC on “Octane Improver Market”
https://www.reportsellers.com/market-research-report/Octane-Improver-Market
The global octane improver market is expected to grow at a CAGR of 7.5% during the forecast period 2016-2022 to reach $480.8 million by 2023. Ethanol and MTBE types are expected to remain as main additive type, during the forecast period. Some of the key players in the octane improver market are Valero Renewables fuels, Dorf Ketal Fuels, LyondellBasell Industries, BP Plc, BASF SE etc.
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