Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.47 Billion | USD 17.94 Billion | 3.7% | 2024 |
FrequentlyAsked Questions
Alkyate is a high-octane gasoline component that is derived through light olefins reaction from steam cracking units as well as fluid catalytic cracking units. Moreover, the compound has proved to be akey component in outputting clean high-octane gasoline from isobutylene feedstock.
The global alkylate market is expected to grow due to growing demand for cleaner-burning high-octane fuel components and stricter environmental regulations on gasoline quality.
According to a study, the global alkylate market size was worth around USD 12.47 Billion in 2024 and is expected to reach USD 17.94 Billion by 2034.
The global alkylate market is expected to grow at a CAGR of 3.7% during the forecast period.
North America is expected to dominate the alkylate market over the forecast period.
Leading players in the global alkylate market include Hengyi Industries Sdn Bhd (Malaysia), Janex S.A (Switzerland), Honeywell International Inc. (U.S.), ExxonMobil Corporation (U.S.), Koch Engineered Solutions (U.S.), Marathon Petroleum Corporation (U.S.), PJSC Lukoil Oil Company (Russia), BASF SE (Germany), Royal Shell plc (UK), Chevron Corporation (U.S.), SOLVAY (Belgium), Soltex Inc. (U.S.), Dupont (U.S.), Valero (U.S.), Ashland Inc., (U.S.), Neste (Finland), Reliance Industries Limited (India), Adrol (U.S.), and Cosmique Pvt. Ltd. (India)., among others.
The report explores crucial aspects of the alkylate market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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