The global anti-knock preparation market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to rising demand from automotive sector. An antiknock agent has similar function to gasoline additive, which is used to limit engine knocking. Use of antiknock agent to improve the fuel's octane rating is expected to fuel market demand for anti-knock agent, thereby driving market growth of market over the forecast period. Preparation of antiknock agent is carried out by raising the temperature and pressure at which auto-ignition occurs.
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Globally, the market is predicted to generate massive revenue over the next five years, providing numerous opportunities for market players to invest for research and development in the anti-knock preparation market.
Gasoline or petrol, which is required in high compression internal combustion engines, produces engine knocking or pinging. Engine knocking involves ignition of engine before the correctly timed spark occurs. Use of anti-knock agent is responsible for limiting engine knocking by improving octane number of gasoline. Antiknock additive is also known as gasoline soluble chemicals, which is mixed with gasoline. Antiknock additive is prepared from raw materials and their fractions such as hydrocarbon with high octane number and aromatic amines with highly specialized chemistry.
Antiknock additive enhances the antiknock quality of gasoline products. Furthermore, lower preparation cost and easy availability of raw materials is expected to boost the growth of anti-knock preparation market over the forecast period. For preparation of antiknock agent, small quantity of raw materials is required, thus limiting overall production cost. Increasing use of anti-knocking agents in gasoline products leads to reduction in carbon emission, thus limiting harmful effects. These factors are predicted to drive the growth of market over the next seven five years.
The anti-knock preparation market is broadly categorized into five major segments based on the product type such as tetraethyllead, ferrocene, toluene, iron pentacarbonyl and Methylcyclopentadienyl manganese Tricarbonyl (MMT). The tetraethyllead segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of the tetraethyllead segment is attributed to the easy availability and higher market penetration.
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The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, higher approval rate by regional government authorities, and surge in number of research & development activities in the region and existence of well-established infrastructure.
Asia-Pacific region is estimated to hold major share in the market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, favorable laws & regulation regarding use of fuel additive, rising disposable income, increasing manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the anti-knock preparation market are Shandong Dongchang Fine Chemical Technology Co., Ltd., Wuxi Weite New Engery Co., Ltd., YingkouTanyun Chemical Research Institute Corp., and SIMAGCHEM Corp.
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