Alkylation produces longer-branched hydrocarbons from alkylating olefins such as propylene, butylene, and isobutene. The high octane hydrocarbons produced by alkylation are known as alkylates. Blending these alkylate with gasoline was introduced to improve the machinery's performance efficacy. The main factor that impacts the alkylation is using a suitable catalyst. The most used alkylation catalysts are sulphuric acid and hydrofluoric acid.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-alkylation-market
Data Bridge Market Research analyzes that the Global Alkylation Market is expected to reach USD 3,202,119.63 thousand in 2040 from USD 1,590,630.00 thousand in 2022 and growing with a substantial CAGR of 4.1% in the forecast period of 2023 to 2040. Increasing demand for highly efficient gasoline and application growth of derivatives, namely gasoline and lubricants, contributes to market growth.
Key Findings of the Study
RISE IN DEMAND FOR HIGHLY EFFICIENT GASOLINE
The automobile sector, an important economic indicator, is on the cusp of new technology and developments. Furthermore, customers' need for distinctive and expensive features is driving the automotive sector in the present period. Today's consumers employ all-purpose vehicles on a global scale, which is driving up automotive sales worldwide. Most automobiles are built around an internal combustion engine that only runs on diesel or gasoline. Thus, the gasoline demand is increasing significantly. Powertrains based on combustion engines will continue to dominate for the foreseeable future.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2040
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Thousand
|
|
Segments Covered
|
Production Process (Sulfuric Acid Alkylation, Hydrofluoric Acid Alkylation, and Others), Application (Motor Oil, Aviation Turbine Fuel, Lubricants (Excluding Automotive Engine Oil), Gasoline, and Others), End Use (Automobile, Aviation, Agriculture, Industrial, and Others)
|
|
Countries Covered
|
U.S., Canada, and Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Switzerland, Turkey, and the Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, and New Zealand, and the Rest of Asia-Pacific, Brazil, Argentina, and the Rest of South America, South Africa, Egypt, Iran, Kuwait, Iraq, Qatar, Saudi Arabia, United Arab Emirates, and the Rest of the Middle East and Africa
|
|
Market Players Covered
|
Exxon Mobil Corporation (U.S.), Honeywell International Inc. (U.S.), Lummus Technology (U.S.), Elessent Clean Technologies Inc. (U.S.), Sulzer Ltd (Switzerland), KBR Inc.(U.S.), and Well Resources Inc. (Canada) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
|
Segment Analysis:
The global alkylation market is segmented into three notable segments, production process, application, and end use.
- On the basis of production process, the market is segmented into sulfuric acid alkylation, hydrofluoric acid alkylation, and others. In 2023, sulfuric acid alkylation is expected to dominate the market with 49.41% as it is beneficial to the generation of main alkylation products and can improve the octane number of products.
In 2023, the automobile segment of end use segment is expected to dominate the alkylation market due to its high octane and low sulfur
In 2023, the automobile is expected to dominate the market with a 70.54% market share due to its high octane and low sulfur. It has zero aromatics, which helps to lower vehicle emissions and tailpipe pollution. Critically, alkylate also has low measures of fuel volatility and evaporative emissions.
- On the basis of end-use, the market is segmented into aviation, automobile, agriculture, industrial, and others. In 2023, the automobile is expected to dominate the market with a 70.54% market share.
In 2023, the gasoline segment of application segment is expected to dominate the alkylation market
- On the basis of application, the market is segmented into gasoline, motor oil, aviation turbine fuel, lubricants (excluding automotive engine oil), and others. In 2023, gasoline is expected to dominate the market with a 42.00% share.
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the global alkylation market are Exxon Mobil Corporation, Honeywell International Inc., Lummus Technology, Elessent Clean Technologies Inc., Sulzer Ltd, KBR Inc., and Well Resources Inc. among others.
Market Development
- In March 2023, CVR Energy, Inc. has authorized the next phase of the overhaul of the alkylation unit at its subsidiary's crude oil refinery in Oklahoma, according to KBR Inc. This phase includes completing KBR's Solid Acid Alkylation (K-SAATTM) engineering, design, module production, and construction. With the ExSactTM catalyst, the company will be able to maximize the yield and quality of an ultra-clean gasoline blendstock.
- In March 2023, ExxonMobil announced the successful start-up of its Beaumont refinery expansion project, which will increase the capacity of one of the biggest petrochemical and refining complexes on the American Gulf Coast by 250,000 barrels per day. The greatest refinery expansion in more than ten years is supported by the company's rising crude production in the Permian Basin, which will assist in meeting the rising need for affordable and dependable energy. The Beaumont refinery, where the company produces finished products including diesel, petrol, and jet fuel through the Permian crude oil.
- In February 2022, Honeywell UOP announced that Tüpras has chosen to use ISOALKY technology to create high-quality alkylate at the Tüpraş refineries, making the Turkish business the latest to switch to the new liquid alkylation process to meet customer demand for cleaner-burning fuels. This project will enable Tupras to generate high-quality gasoline, essential for bringing greener gasoline to the market.
- In June 2021, Sinopec successfully launched two more STRATCO® alkylation technical units from Elessent Clean Technologies Inc. The company is expanding its alkylation capacity by adding a fifth and sixth STRATCO alkylation unit to its refining network.
- In July 2020, Sulzer Ltd Chemtech has been chosen as the only provider of mass transfer technology for Nigeria's Dangote integrated oil refinery and petrochemical complex. The units comprise a residue fluid catalytic cracker, a mild hydrocracker, alkylation, naphtha hydrofining, and continuous catalytic reforming to manufacture Euro V gasoline and diesel. This enables the organization to strengthen its worldwide capabilities and commitment to exceeding expectations.
Regional Analysis
Geographically, the countries covered in the global alkylation market are U.S., Canada, and Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Switzerland, Turkey, and the Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and New Zealand, and the Rest of Asia-Pacific, Brazil, Argentina, and the Rest of South America, South Africa, Egypt, Iran, Kuwait, Iraq, Qatar, Saudi Arabia, United Arab Emirates, and the Rest of the Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global alkylation market during the forecast period 2023 - 2040
In 2023, North America is expected to dominate the market with 41.13% market share. It is expected to reach USD 1,407,254.36 thousand by 2040, growing with a CAGR of 4.5% in the forecast period of 2023 to 2040. This is also due to rising demand and the number of petroleum refineries in the region.
Middle East and Africa is estimated to be the fastest growing region in the global alkylation market during the forecast period 2023 - 2040
Middle East and Africa is expected to grow during the forecast period due to the rising number of refinery activities in the region.
For more detailed information about the Europe viscosupplementation market report, click here – https://www.databridgemarketresearch.com/reports/global-alkylation-market
