The anti-foaming additive is a kind of fuel additive, which hinders the formation of foam in the process liquids. Fuel additives are compounds formulated to enhance the quality and efficiency of fuels used in motor vehicles. Generally, foaming can disrupt refinery process units, and create a variety of problems in oil, reduce effectiveness and inhibit oil’s ability to help keep the engine cool. The anti-foam additive helps in preventing these issues.
North America Anti-Foaming Fuel Additives Market Segments Size & Growth:
The market is expected to reach $ XX billion by 2024 from $ XX billion in 2017 at a CAGR of XX % during 2018-2024. The market growth is propelling due to increasing production of automobiles coupled with stringent regulations, reduces refinery downtime, maintenance costs and these can be used even when there are strict environmental restrictions.
North America Anti-Foaming Fuel Additives Market Segments Share:
Anti-Foaming fuel additives market is classified mainly into type, end users, and geography. Type is segmented
into water-based anti-foaming agents, silicon-based anti-foaming agents, oil-based anti-foaming agents and powder-based anti-foaming agents. Where among these silicon-based agents are majorly used in many applications like non-aqueous crude oil and oil refining systems. Based on end users market is classified as Pharmaceuticals, automotive, oil & gas, aviation and so on. Also, this market is having a high demand in automotive industry and is expected have the most significant profits during the forecast period. Geographically, North America is witnessing the most top growth in the market due to demand for end-user industries especially, automotive industries.
North America Anti-Foaming Fuel Additives Market Trends:
- BASF signed an agreement to acquire significant parts of Bayer’s seed. Bayer intends to divest three assets as it planned in acquiring Monsanto.
- BASF collaborated with Greater China with significant investments in Nanjing, Shangai, and Chongqing. BASF is one of the largest foreign investors.
- Evonik acquired speciality & coating additives business of air products, Silica business of J.M.Huber corp.
- Air products and chemicals is an industrial gases company. The company’s industrial gases business provides atmospheric gases (oxygen, nitrogen and a rare gas) and equipment for production of processing gases.
North America Anti-Foaming Fuel Additives Market Research report includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOTanalysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
- BASF Corp
- Wacker Chemie AG
- Air products and chemicals, Inc
- Ecolab Inc
- Chevron Corp.
- Evonik Industries
J.M.Huber corp.
Air products
