According to a report available on Radiant Insights, Inc.; the Jet Fuel Additives Industry is expected to expand steadily by 2025. Factors such as strict regulatory framework regarding environment, growing production of aircraft, cumulative demand for clean and efficient fuel, and reducing crude reserves can drive the market during the forecast period (2013 to 2025).
Additives can be added in aviation fuels to enhance fuel performance by removing unwanted effects. It can be also used to assure safety for maintenance crew members as it avoids the use of less suitable additive solutions and draining procedures for preventing the formation of ice and bacteria in the fuel system. Growing demand for pilot training and surveillance aircrafts in military as well as civil applications are some crucial driving factors for the market. Increasing demand for biofuel in the aviation sector is considered as one of the major driving factors for the market. Use of biofuel will help to decrease reliance on fossil fuel. Increasing implementation of strict rules about carbon footprints are expected to boost demand for these fuels, and thereby supporting the market growth.
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However, major challenges recognized in the market include, production of environmental-friendly additives and their efficiency to reduce carbon emissions. Worldwide jet fuel additives market can be segmented on the basis of product, enduser/applications, and region. As per product, the market can be bifurcated into icing inhibitors, antioxidants, antiknock additives, metal deactivators, conductivity improvers, corrosion inhibitors, and other. Based on end user/application, the market can be classified into passenger and cargo. Geographically, the market can be divided into North America, Europe, China, Japan, Southeast Asia, and India. Strict environmental emission and regulation in Europe and North America has increased the demand for cleaner and efficient fuel. This has driven the demand for liquefied petroleum gas (LPG) and bio-fuels.
North America is anticipated to show high growth over the forecast period. This growth can be attributed to rise in expenditure on military, research and fuel development technology. The United States is the major contributor in the region in terms of military application. The US administration has developed a multifaceted modernization of Super Hornet in the field of engine technology and fuel delivery system. Europe is expected to grow steadily during the forecast period. Growing demand for low-cost carriers has increased the manufacturing activities in European countries such as Germany, France, the UK, Italy, and Spain.
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Emerging Countries like India and China are expected to show significant growth due to increasing investments in aircraft industry and improving economic growth. These countries have become attractive destinations for companies for development of supply chain and distribution network for these products. Key companies operating in the market include Shell, Innospec, Dow Chemical, BASF, and Afton Chemical. The market is fragmented due to presence of regional and international manufacturers. The regional manufacturers are expected to have enormous growth opportunities due to the increasing industrialization and urbanization in emerging countries such as India, China, and Brazil. Companies are increasingly focus on innovative product development and expansion of their capabilities to gain higher profits in the market.
For instance, BASF has developed a Kerojet100, the 2nd generation thermal stability additive and approved by USAF. It is intended to provide better thermal stability performance for military and civil jet engines. This product is planned to be coalescer-friendly for improving ground handling reducing water leveling the fuel.
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