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Petroleum and Fuel Markers, on the other hand, are colourless substances, which when added to fuel, are detected by adding a specific reagent to produce a characteristic colour, and can also be detected by placing the sample in a spectrophotometer to produce an equivalent result.
These petroleum and fuel dyes and markers are used in applications where different grades of fuels need to be distinguished, to prevent fuel adulteration and theft, and to add aesthetic appeal to fuels. Unique characteristic features of petroleum dyes and markers, and rising applications of imparting colours to fuels and petroleum products is letting the market for petroleum fuel dyes and markers to grow steadily over the forecast period.
Global Petroleum and Fuel Dyes and Markers: Drivers and Restraints
The global Petroleum and Fuel Dyes and Markers market is projected to grow at a moderate growth rate amid rising adulteration of petroleum and fuel across the globe. Increasing number of government laws regarding fuel taxes, is driving the need to incorporate methods to distinguish fuels sold for low and no tax usage or high tax usage. Increasing air transport is another factor driving the demand for petroleum fuel dyes and markers, as many governments requires those be dyed for taxing and safety purposes. Demand for powdered dyes (markers), however is anticipated to fall over the forecast period, amid, safety concerns regarding handling of markers and higher cost associated with them.
Further rising environmental concerns regarding its usage is restraining the market to grow at a fast pace. Moreover, its association with petroleum market, is another factor affecting the prices in the market, thus imparting significant uncertainties to revenues of the key players
Global Petroleum and Fuel Dyes and Markers Market: Region Wise Outlook
The Global Petroleum and Fuel Dyes and Markers market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2015. Western Europe, leads the global petroleum dyes and markers market, owing to variegated tax structure for different usage of oils in the region. North America and Easter Europe, are another prominent market in terms of rising demand for petroleum dyes and markers. Rising cases of fuel adulteration in South East Asia countries and Mexico, is leading APEJ and Latin America to also expand with a significant CAGR over the forecast period.
Global Petroleum and Fuel Dyes and Markers Market: Key Players
- Innospec Inc.
- Improchem. Pty Ltd.
- Sunbelt Corporation
- John Hogg & Co Ltd.
- The Dow Chemical Co.
- United Colour Manufacturing Co.
- Authentix, Inc.
- A.S. Harrison & Co Pty Ltd.
- Fuel Theft Solutions Ltd
- BASF SE
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends and Issues and Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest Of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
- Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Petroleum and Fuel Dyes and Markers: Segmentation
On the basis of product type,
- Fluorescent dyes
- Ethyl Dyes
- Azo Dyes
On the basis of Form,
- Solvent Blend
On the basis of application,
- Jet Fuel
- Fuel Oil
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- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.