Market Research Report
Fuel/Petroleum Dyes & Markers Market - Forecast (2020 - 2025)
|Fuel/Petroleum Dyes & Markers Market - Forecast (2020 - 2025)|
Published: March 11, 2020
Content info: 104 Pages
Delivery time: 2-3 business days
These fuel markings helping the government to raise the revenue, combat smuggling as well as to improve environment. The global fuel petroleum dyes and markers market share worth$1.1B in 2017 and is projected to witness a market growth at CAGR of 4.64% during the forecast period of 2018-2023. Among dyes the florescent dyes generated highest revenue with 465.1M and is estimated to continue the dominance in coming years. North-America hold the largest market share with 28% and generated the highest revenue.
What is Fuel/Petroleum Dyes and Markers Market?
Fuel/petroleum Dyes are colored materials that convey more or less permanent color to other materials such as petroleum product, lubricating oils and gasoline. Fuel and petroleum dyes can also be termed as complex and unsaturated aromatic compounds which have characteristics such as solubility, intense color and substansiveness. Furthermore, Markers are colorless substance added to fuels which can be detected by adding some reagent to formulate color by placing it in spectrophotometer for efficient result. Fuel and Petroleum Dyes market have been segmented into Liquid, powder and solvent dyes on the basis of form.
The market for Fuel and Petroleum Dyes have been further segment into fluorescent dye, alkyl dye, azo dyes and others. Azo dyes can also be termed as red dye is the most popular among other. Red dyes is known for its functionality like more efficient and traceable quality for dyeing. Fuel and petroleum industry analysis states azo dyes will earn massive profit during the forecast period. Solvent soluble dyes are the rapidly growing segment in the fuel and petroleum market primarily for its solubility in organic solvents as well as in hydrocarbons expected to increase growth by the end of 2023.
What are the major applications for fuel/petroleum dyes and markers?
Fuel dyes are most widely been used in oil, wax coloration, fuel grease, and lubricant and many other applications. They are heat stable highly concentrated colorants, which are available in powder, solvent and liquid form, and are soluble in lubricants, polar solvents, and hydrocarbon-based oil. Their high concentration allows the formulator to use minimal amounts of dye thereby causing no change to the product's original physical characteristics. Moreover, their stability to high heat makes them a good match for lubricants, engine oil, automatic transmission fluid, and grease. Some lubricants are water-based and would require our water-soluble dyes or possibly pigments.
Petroleum dyes applications include heating oil, biodiesel, jet-fuel, fuel additives, gasoline, diesel, and kerosene. Wax applications include candles, shoe polish, coatings, lamp oils, and beeswax.
Fuel/Petroleum Dyes & Markers Market
Market Research and Market Trends of fuel/petroleum dyes and markers
Red dye is the mostly used fuel as it is helpful in catching theft of thousands of dollars' worth of diesel from farm fuel tanks everywhere. This has led to the new rural farm watch initiative that identifies stolen fuel with the red dye that turns the fuel into pink.
Currently, Fluorescent dye is used in the division of surgical oncology. Fluorescence imaging technique helped in removing the cancerous cells during surgery. This new technique is a huge step forward in providing surgeons with an effective tool to fight against cancer. This new technique will expand the market size of fuel and petroleum dye & marker industry.
Automobile sales and the aerospace sectors have grown with the economic recovery and have thus led to increased fuel consumption. With this the consumption of fuel dyes will drive the market in coming years.
Market Study on Fuel/Petroleum Dyes & Markers market imparts that improved physical properties of dyes and markers will increase the applications and are satisfying the consumer needs will improve the demand in end user industry segments.
Who are the Major Players in fuel/petroleum dyes and markers market?
The companies referred in the market research report includes Innospec Inc, John Hogg & Co ltd, The dow chemical company, United color manufacturing Co, Authentix Inc.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.
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Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
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