Refinery Process Additives Market: China has high scope for growth during 2015-2020
Refinery process additives (RPA) are the chemicals used to enhance the performance of fuel by meeting the fuel specifications setup by government authorities. The Refinery Process Additives Market deals with the various types of additives added into refineries for better oil production during 2015-2020.
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These additives are added at the time of refinery process as well as can be used to recuperate the performance of particular end product specification such as diesel or gasoline. The Refinery Process Additives Market also scales the amount of different types of additives needed and their scope of use in various fuels for refining.
The Refinery Process Additives Market is in high demand in North America and South America due to the presence of many refineries in the region. Brazil in the South America is the prominent region with many refineries. Europe has high demand for this market with many refineries available in the region.
The APAC region is the largest region for the Refinery Process Additives Market. China and India are the prominent regions due to high number of refineries in the region. This region has high demand for various types of fuels.
According to the IndustryARC market research report, the Refinery Process Additives Market is segmented into various categories by type, by application and by geography.
By type: sulfur scavengers, defoamers, anti-oxidants, antifoulants, catalyst regenerators, biocides, octane boosters, cold flow improvers, amine solution, cetane number improver (CNI) and others
By application: gasoline, aviation fuels, diesel, asphalt and others
By geography: North America, South America, Europe, Asia Pacific and ROW
Some of the prominent companies in the Refinery Process Additives Market as suggested in the IndustryARC market research report are as follows:
- BASF (Germany)
- The Lubrizol Corporation (U.S.)
- Chevron Corporation (U.S.)
- Clariant AG Switzerland
- Dorf-Ketal Chemicals India Private Limited
The Refinery Process Additives Market is a stable market with moderate growth during 2015-2020 across the globe. This market contributes to the increased fuel purity in the refineries which will deliver effective fuel resulting in fuel efficient cars, aircrafts and machines in the industries. This market is profitable for investment and will generate good revenue during 2015-2020.
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