Alkylate Market to Reach Valuation to US$ 99.4 Bn by 2031 Due to Increase in Demand for Agro-chemicals to Restore Nutrient Deficiency in Crops, States TMR Study
ALBANY, N.Y., Jan. 13, 2022 /PRNewswire/ -- Investments in new manufacturing capacity is likely to bolster growth of the global alkylate market during the forecast period, from 2021 to 2031. For instance, Hengli Petrochemical started operating its new 300 Kmta Stratco alkylation facility in China in 2020, under a license from Dupont Clean Technologies. Such developments are assisting firms in producing high quality alkylate from 100% isobutylene feedstock.
Alkylate is gaining traction as a major component in the production of clean, high-octane gasoline from a 100 % isobutylene feedstock. With this feedstock, companies are developing innovative techniques that significantly improve product octane.
Both sulfuric and hydrofluoric acid have the ability to be extremely hazardous, leading to corrosion-related mishaps and costly processes in complex reactors. As a result, businesses are placing greater emphasis on the new solid acid catalyst technology, which is gaining traction as a viable alternative to HF alkylation. This new technology is overcoming constraints related to liquid acid alkylation reactors.
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Key Findings of Market Report
The use of the in-situ technology in combination with automated reactors allows chemists to gain better knowledge of how reaction circumstances and factors affect the overall reaction performance. Chemical companies in the global alkylate market are working toward better understanding of the thermodynamics, kinetics, and influence of reaction variables on alkylation. All these are important for reaction development, safety, and scale-up in order to meet desired end-product standards.
In order to ensure that reaction energetics are clearly grasped, alkylate makers are investing on robust reaction calorimeters and chemical reactors. They are conducting high throughput trials using data-intensive PAT (Process Analytical Technology) tools to study and optimize alkylation processes for improved performance. By utilizing alkylation to make fuels from petroleum, companies are able to create reliable revenue streams.
The demand for cleaner-burning gasoline mix components is rising globally; however, the total demand for gasoline is declining. Alkylate manufacturers are taking advantage of this situation to produce a new solid acid catalyst technology that outperforms liquid acids. As a result, the ExSact catalyst, which is at the center of an efficient and safe K-SAAT method for producing high-octane alkylate, has grown in popularity.
Cleaner-burning gasoline mix components include ethers, ethanol, isomerate, and alkylate. Businesses in the alkylate market are seizing this opportunity to implement reactors that replace hydrofluoric acid (HF) alkylation, leading to commercially successful processes with excellent return on investment.
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Alkylate Market: Growth Drivers
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Alkylate Market: Key Players
Some of the key market players are
Alkylate Market: Segmentation
Production Process
End Use
Application
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