Engine knocking is a surplus procedure that can occur during the internal combustion of the engine. Iso-octane helps in increasing the knock resistance of the fuel. Iso-octane also known as 2, 2, 4-trimethylpentane is an organic compound produced by distillation of petroleum in the petroleum industry. Iso-octane is also one of the form of several isomers of octane, and is also an elementary component of gasoline. Iso-octane mixtures can also be produced by dimerization of isobutylene using an amberlyst catalyst. Hydrogenation of this mixture formulates 2, 2, 4-trimethylpentane.
Globally, development of efficient and advance technology, rising demand for industrial fuel, flourishing automotive industry, stringent government emission norms, and advantageous properties of iso-octane are the key factors behind increasing market worth of global iso-octane marketplace. In addition, increase in adoption of iso-octane for application in newer industrial vertical, and emerging economies such as China, India and others, will create new opportunities to increase the demand for global iso-octane market. However, volatile market prices and availability of raw materials, availability of substitute compounds, and complex government approval processes as compared to conventional mineral oils are the key restraints for global iso-octane market.
Geographically Asia Pacific dominated Global Iso-Octane Market, with China holds the leading market share. Asia Pacific is projected to have the fastest growth, owing to rapidly increasing automobile industry, rise in the industrial sector, growing population and changing lifestyles of consumers and growing pharmaceutical, and personal care applications in developing nations such as China, and India in this region. In North America, the market for iso-octane is growing due to rising demand from lubricants. In Europe, Germany and the UK are the major consumers of iso-octane in this region.
This report identifies the global market size for iso-octane during the forecast period of 2014-2016, and during the forecast of the same for the year 2023. Also, this report provides us the depth market analysis on the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global iso-octane market.
This report segments global iso-octane market on the basis of end-user, and regional market as follows:
- The report provides an overview on the iso-octane market on the basis of end-user such as: Automotive, Industrial, Pharmaceutical, Oil & Gas, Mining, Energy and Power Generation, Chemical, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the iso-octane market. Some of the major companies’ profiles in detail are as follows:
- The DOW Chemical Company
- Puyang Zhongwei Fine Chemical Co., Ltd.
- Chevron Phillips Chemical Company
- Huntsman International Llc