According to the latest market research report “Fuel/Petroleum Dyes & Markers Market: By Form (Liquid, Powder, Solvent) Color (Red, Yellow, Blue, Green & Others) Type (Fluorescent Dyes, Ethyl Dyes, Azo Dyes & Others) Application (Gasoline, Diesel, Jet Fuel, Fuel Oil & Others) & By Geography-Forecast(2016-2021)”, published by IndustryARC, the global fuel/petroleum dyes & markers market is estimated to reach $1.34 billion by 2021.
Browse 70 Market Tables, 16 Figures spread through 148 Pages and an in-depth TOC on “Fuel/Petroleum Dyes & Markers Market (2016-2021)”
Fuel/Petroleum dyes are natural or synthetic colored aromatic substances used to add color to gasoline, petroleum products. They exhibit affinity towards the substrate to which it is being applied and possess characteristic like solubility and intense color. There are also colorless substances added to the fuel called markers. They can be detected by adding specific reagent to produce color or by placing the sample in a spectrophotometer in order to produce a quantitative result.
The fuel/petroleum dyes & markers market size, in terms of value, is anticipated to reach $1.34 billion, by 2021. Increasing fuel adulteration is the key factor in driving this market. The fuel/petroleum dyes & markers market is dominated by UK which is poised to exhibit a CAGR of 2.33% over the next five years. Indonesia and Mexico are the growth frontiers for the fuel/petroleum dyes & markers manufacturers, providing a huge potential market to be tapped.
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The attractiveness of fuel/petroleum dyes & markers industry is analysed by taking into account the supply side and demand side factors. The fuel/petroleum dyes & markers market is highly dominated by few key players accounting for major market share due to large customer base and wide distribution network. Most of the products in the fuel/petroleum dyes & markers industry are standardized, coupled with moderate to low product differentiation. Overall, the degree of competition is low to moderate for the fuel/petroleum dyes & markers market.
The fuel/petroleum dyes & markers market report is a comprehensive study of the market for different types, forms, colors, applications and regions.
Following key players are covered as part of the market landscape analysis among others:
- Innospec Inc.
- John Hogg & Co Ltd.
- The Dow Chemical Co.
- United Colour Manufacturing Co.
- Authentix, Inc.
The fuel/petroleum dyes & markers market has also been analyzed for the following major regions:
- North America
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