Technavio
has announced the top five leading vendors in their recent global
jet fuel additives market report until 2021. This
research report also lists eight other prominent vendors that are
expected to impact the market during the forecast period.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170714005565/en/
Technavio has published a new report on the global jet fuel additives market from 2017-2021. (Graphic: Business Wire)
The global
jet fuel additives market will have a significant growth
due to the increasing demand from passenger and cargo aircraft. The
revenue passenger kilometer (RPK) is the measure of the volume of
passengers that is carried by an airline. The increase in demand for
low-cost carriers (LCCs) and cargo flights are expected to foster the
growth of the global jet fuel additives market during the forecast
period.
Competitive vendor landscape
The global jet fuel additives market is fragmented with the presence of
a large number of vendors. The market is mainly dominated by global
vendors such as Afton Chemical, BASF, Innospec, GENERAL ELECTRIC, and
Shell. Many regional vendors are also present in the global jet fuel
additives market, especially in emerging regions such as APAC and the
Middle East. Growing industrialization and urbanization in developing
countries such as India, Brazil, and China have spurred the entry and
growth of domestic vendors.
Hitesh Bhatia, an industry expert at Technavio for research on specialty
chemicals, says, “The major players in the jet fuel additives
market are keenly focusing on mergers and acquisitions to shield
themselves from the threat of rivalry. For instance, in 2017 the LANXESS
acquired the US company, Chemtura. The acquisition is expected to expand
its additives portfolio and have a competitive edge over the jet fuel
additives market. Although medium and small-scale vendors are coming up
with innovative capabilities, major prominent players will still go on
to have a strong foothold.”
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.
Top five jet fuel additives market vendors
Afton Chemical
Afton Chemical develops, manufactures, and sells petroleum additives. It
provides engine oils, performance and refinery fuels, and industrial and
metalworking additives. Also, it offers industrial additives such as
lubricating grease, compressor oils, anti-wear lubricants, slideway
lubricants, turbine lubricants, and industrial gear oils. It also offers
driveline products such as automatic transmission fluid s, automotive
gear oils, power steering fluid additives, and off-road additives.
BASF
BASF provides crop protection products, chemicals, plastics, performance
products, and oil and gas. The company serves many diversified
industries such as paper, furniture, automotive, and others and has
customers in 80 countries.
The company provides different types of fuel additives for civil,
military, and other applications. It mainly offers Kerojet Aquarius,
Kerojet 100 Thermal Stability Additive, and Kerofluid MIL-AL-41. The
Kerojet 100 Thermal Stability Additive and Kerofluid MIL-AL-41 are
commonly used for military applications.
GENERAL ELECTRIC
GENERAL ELECTRIC offers additives under the GE Power & Water business
unit. It functions through eight segments, which include power,
aviation, healthcare, energy connections and lighting, oil and gas,
capital, renewable energy, and transportation. It also offers gas and
steam power systems and maintenance solutions. It provides wastewater
treatment, water treatment, and process system solutions for nuclear
reactors, and support services.
Innospec
Innospec develops, manufactures, and markets fuel additives, personal
care products, oilfield chemicals, and other specialty chemicals. It
provides its products and services to industries such as oil and gas,
fuel, agrochemical, personal care, home care, and chemical. It mainly
operates through four segments, which include performance chemicals,
fuel specialties, oilfield services, and octane additives.
Shell
Shell operates globally as an independent oil and gas company. It mainly
functions through three business segments, which include integrated gas,
upstream, and downstream. It is involved in the exploration and
extraction of crude oil, natural gas, and natural gas liquids. It offers
various refined crude oil products such as diesel, gasoline, marine
fuel, heating oil, aviation fuel, and liquefied natural gas.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Browse Related Reports:
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170714005565/en/
Copyright Business Wire 2017
