A petroleum additive is a complex chemical mixture that improves the natural qualities of lubrication fluids and fuels in order to extend their lifespan and enhance their performance. This market research report about the petroleum additives market gives a basic overview of the overall market focusing on the Chinese market including definition, economic trends, products, industry development trends, applications, supply & demands, marketing channels, investment environment, market capacity & structure, and so on. The report also provides a detailed analysis of the current market situation. It thoroughly analyzes the major players in the global and Chinese market providing their details such as company profiles, market value, costs, market shares, product specifications, contact details, and so on.
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The China’s demands for petroleum additives have seen a rapid growth over the past few years; and over the next few years, both demands and production are anticipated to continue to grow rapidly. The Chinese economy sustains a speedy growth that has been stirred by the successive increases of import & export, industrial output, capital investment, and consumer consumption for almost over two decades.
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The major companies operating in the petroleum additives market include Chemtura Corporation; Baker Hughes Inc.; CITGO Petroleum Corp.; Chevron Oronite Company LLC.; Royal Dutch Shell PLC; Ethyl Corp.; BASF AG; Innospec Inc.; Afton Chemical Corp.; ENI SpA; ExxonMobil Chemical Company, Infineum International Ltd.; Qatar Petroleum; The Lubrizol Corp.; Petroflow Energy Corp. Inc.; Petróleos de Venezuela S. A., Repsol, S. A., OM Group Inc.; and Evonik Oil Additives.
At last, the report provides investment return analysis, the possibility of new projects, and the analysis of the market development trends along with several other interrelated industry research conclusions.
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• Refined Petroleum Product Markets
The expansion of the global refined petroleum product industry is forecast to reach 1.7% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 8.6%. Currently, petroleum oils and bituminous mineral oils (excluding crude) account for 89.8% of the global demand while the remaining market share is divided between liquefied butanes (1.9%), liquefied propane (3.9%), liquefied butylene, butadiene, ethylene and propylene (0.4%), other liquefied petroleum gases and gaseous hydrocarbons (0.5%), other petroleum gases and gaseous hydrocarbons (0.1%), paraffin wax (0.3%), petroleum jelly (0.0%), other mineral waxes (0.2%), calcined petroleum coke (0.5%), not calcined petroleum coke (0.8%), petroleum bitumen (1.4%) and other residues of petroleum oils (0.1%).
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