Alkylate Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Published on : Apr-2021 | List of Tables : 162 | List of Figures : 48 | No. of Pages : 170 | Report Code : FACT5758MR |

About the Report

The global alkylate market is expected to exhibit steady progress while ascending at around 2.5% CAGR through 2031. Demand from aviation and automobile sectors coupled with advancements in manufacturing infrastructure is expected to drive growth further over the coming years.

The latest edition of the report on the ‘alkylate’ market by Fact.MR provides an exhaustive analysis of global industry trends, growth & restraining factors, and demand-supply trajectories for the forecast period of 2021 to 2031. As stated in the report, China, the United States, Germany, Japan, India, Canada, and a few other countries will emerge highly lucrative markets for alkylate, while the focus of key players across the globe will be on 20+ high-growth countries.

Historical Vs. Future Outlook on Alkylate Sales

Demand for alkylate grew steadily over the past years, creating lucrative growth scope for key players. Though the industry came across difficulties in 2020 due to the outbreak of the COVID-19 pandemic, overall industry outlook has remained positive over the past decade. According to Fact.MR, value sales of alkylate increased at over 2% CAGR over the past 5 years.

With key end-use segments such as automobiles, aviation, and agriculture, to name a few, gaining traction again, demand for alkylate is set to grow steadily over the coming years. Increase in government expenditure on these key end-use sectors and rise in research & development (R&D) activities by alkylate manufacturers are likely to further propel demand and supply of alkylate through 2031. The market is slated to expand at around 2.5% CAGR over the next ten years.

How is Requirement from Aviation Sector Spearheading Growth of Alkylate Manufacturers?

Alkylate is highly used in the production of avgas (alkylate fuel), which is an aviation fuel used in aircraft with spark-ignited internal combustion engines. As the aviation sector is recovering slowly, yet steadily, it is contributing steadily in raising industry revenue.

According to a report titled “Aerospace Industry Spotlight”, published by SelectUSA, the United States aerospace industry is the largest in the world, employing around 509,000 workers in its scientific and technical fields across the nation. As stated in the report, in 2018, the U.S. aviation industry contributed US$ 151 billion in export sales to the nation’s economy. These figures give a glimpse of the growing opportunities for alkylate manufacturers around the globe.

What are the Key Challenges Faced by Alkylate Suppliers?

There are a few disadvantages of alkylate that often act as restraints for manufacturers, such as-

  • Alkylation process involves high cost regeneration
  • Alkylation reactions are prone to carbocation rearrangements
  • The entire process cycles for sulfuric acid alkylation, hydrofluoric acid alkylation, and others are complex and require expensive laboratory set ups

However, with constant research and investments by manufacturers, they are expected to overcome these constraints in the near future.

alkylate market

Country-Wise Analysis

What’s Augmenting Growth of Alkylate Manufacturers in the United States?

The United States has been taking the spotlight in North America for alkylate since the past decade. High requirement in automobile and aviation sectors and advancements in manufacturing units are fuelling sales in the country.

According to a report published by SelectUSA, United States affiliates of majority foreign-owned automotive companies directly support more than 400,000 U.S. jobs. As stated in the report, new R&D initiatives in the U.S. automotive industry are transforming it rapidly, while out of US$ 105 billion spent globally, almost a fifth is spent in the U.S. No doubt that alkylate suppliers are targeting the U.S. in order to increase their revenues and profits.

Will Germany Remain in the Spotlight for Alkylate Providers?

Backed by highly advanced aviation, agriculture, and automobile industries, Germany is the hotspot for alkylate manufacturers, and is expected to maintain its lead in Europe throughout the forecast period.

According to a report published by the European Commission (EC), the Germany automotive industry is highly potential, while its annual output is close to 6 million units, representing 31.5% share of the European Union (EU). As these figures are subject to grow further, players in Germany are set to come across more opportunities in the foreseeable future.

What’s Driving Sales of Alkylate in China?

China is leading in the world’s fastest-growing industry for alkylate - Asia Pacific, and anticipated to sustain its position throughout the forecast period. Requirement from highly advanced automobile and aviation industries is bolstering demand growth in the country.

According to a report titled “China- Aviation”, published by the International Trade Administration on 3rd February, 2021, aviation is the best prospect industry for China, while the country is the world’s second-largest and fastest growing civil aerospace and aviation services industry. As per 2019 data from the Civil Aviation Administration of China (CAAC), the value of China’s aviation industry output is US$ 53.3 billion. This explains well why suppliers of alkylate are focusing on China in order to increase their sales footprint.

How Lucrative is India for Alkylate Manufacturers?

India has emerged as a highly lucrative market for alkylate, and is expected to exhibit hegemony throughout the forecast period. Advanced agricultural and automobile sectors are spurring the growth of alkylate manufacturers in India.

According to a report titled “Agriculture & Forestry Industry in India”, published by Invest India, agricultural exports as a percentage of India’s agricultural Gross Domestic Product (GDP) have increased from 9.4% in 2017-18 to 9.9% in 2018-19, while growth in Gross Value Added (GVA) by agriculture and allied sectors stood at 4% in 2019-20. This implies lucrative growth scope for manufacturers in India as demand for alkylate in the agriculture sector is high.

Category-Wise Insights

Which Production Process of Alkylate is Most Preferred by Manufacturers?

Presently, sulfuric acid alkylation is the most preferred production process for alkylate, and is expected to sustain its position through 2031.

There are various advantages of this process such as-

  • Abundance of raw materials
  • Reliable and hassle free process cycle
  • Cost effective

Another key segment in terms of production process is hydrofluoric acid alkylation, which is also boosting the sales of industry players.

Which Application of Alkylate is Aiding Growth of Industry Players?

Currently, solvents is the leading segment in the global alkylate market in terms of application, and is expected to remain dominant during the forecast period. Solvents have extensive usage in various domains, such as-

  • Chemical laboratories
  • Biotechnological R&D activities
  • Other biological fields

Other key segments in terms of application are surfactants & synthetic sulfonates, specialty lubricants, functional fluids (alkylate fluids), additives, and others, which are all catering to the growth of suppliers across regions.

Competitive Developments in the Alkylate Market

With the competition getting fiercer, to alkylate producers are bringing in a wider variety of products while partnering with other potential players in order to target diverse end users.

For instance,

  • Valero commissioned a separate 13,000 b/sd alkylation unit in June 2019 at its 255,000 b/d Houston refinery in order to increase its sales footprint.
  • Chevron and Honeywell announced a start-up of the world’s first commercial ISOALKY™ Ionic Liquids Alkylation Unit (liquid acid alkylation reactor) in 2021.

Some of the key top manufacturers of alkylate are-

  • Reliance
  • Marathon Petroleum
  • Exxonmobil
  • LUKOIL
  • Valero
  • Shell
  • Chevron Corporation
  • Honeywell
  • Janex SA.
  • Neste
  • Soltex Inc.
  • Hengyi

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • the Middle East & Africa
  • Oceania

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Vietnam
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Production Process
  • End Use
  • Application
  • Region

Key Companies Profiled

  • Reliance
  • Marathon Petroleum
  • Exxonmobil
  • LUKOIL
  • Valero
  • Shell
  • Chevron Corporation
  • Honeywell
  • Janex SA.
  • Neste
  • Soltex Inc.
  • Hengyi

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Market Segmentation by Category

  • Production Process
    • Sulfuric Acid Alkylation Process
    • Hydrofluoric Acid Alkylation Process
    • Others
  • End Use
    • Alkylate for Aviation
    • Alkylate for Automobiles
    • Alkylate for Agriculture
    • Alkylate for Electronics
    • Others
  • Application
    • Solvents
    • Surfactants & Synthetic Sulfonates
    • Specialty Lubricants
    • Functional Fluids
    • Additives
    • Others
  • Region
    • North America
    • Latin America
    • Europe
    • Middle East and Africa (MEA)
    • East Asia
    • South Asia
    • Oceania

Key Questions Answered in Report

  • Which are the top companies manufacturing alkylates?

    Some of the top companies manufacturing alkylate are Reliance, Marathon Petroleum, Exxonmobil, and LUKOIL.

  • Which are the lucrative markets for alkylate?

    The United States, China, India, Japan, Germany, the United Kingdom, Canada, France, and Italy are lucrative markets for alkylate, and are expected to dominate throughout the forecast period.

  • Which application accounts for high sales of alkylate?

    Presently, the solvents segment is the most lucrative in terms of application, and is expected to remain dominant over the forecast period of 2021 to 2031.

  • Which end use segment accounts for high sales of alkylate?

    Presently, the aviation sector accounts for high sales of alkylate, and is predicted to sustain this position throughout the forecast period. Use of alkylate in agrochemical formulation is also increasing.

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  • Is this research conducted by Fact.MR?

    Yes, the research has been conducted by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Fact.MR?

    Fact.MR follows a methodology that encompasses demand-side assessment of the market, and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

  • Who are the respondents for primary research?

    Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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Alkylate Market - Scope of Report

A recent study by Fact.MR on the alkylate market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with alkylate. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.

A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the alkylate market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of alkylate across regions.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.

Market Segmentation

Fact.MR’s research study assesses the global alkylate market in terms of production process, end use, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the market.

Production Process
  • Sulfuric Acid Alkylation
  • Hydrofluoric Acid Alkylation
  • Others
End Use
  • Aviation
  • Automobiles
  • Agriculture
  • Electronics
  • Others
Application
  • Solvents
  • Surfactants & Synthetic Sulfonates
  • Specialty Lubricants
  • Functional Fluids
  • Additives
  • Others
Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia 
  • Oceania
  • Middle East & Africa (MEA)

Key Questions Answered in Report

  • Which are the most lucrative markets for alkylate?
  • Which factors will impact demand for alkylate?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the alkylate market?
  • What are the winning strategies of stakeholders in the alkylate landscape?

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on demand for alkylate has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the alkylate market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

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Alkylate Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031