According to the new market research report by IndustryARC titled “Fuel/Petroleum Dyes & Markers Market: By type (alkyl dye, azo dye, florescent dye, others); By Form (liquid, powder, solvents); By application (lubricants, oil greases, diesel fuel, aviation fuel, others); By end user (construction, agriculture, mining, marine, others); By Geography – Forecast(2018-2023)”, the market is driven by the demand created by the low taxed fuels, and the fuels used for agricultural purposes in economies like the U.K. and U.S.
Europe held the largest market share in the Fuel Petroleum Dyes and Markers Market:
Europe is the dominant market for dyes and markers, owing to increased logistics and adulteration threats to the refined fuel market. European Fuel Petroleum Dyes and Markers Market is anticipated to reach $398 million by 2023 at a CAGR of 2.21%. The stringent regulations levied for using solvents that emit high VOCs are driving the Fuel Petroleum Dyes and Markers Market. Red dyes find their applications across various geographies, majorly APAC and the Middle East. These products have seen high demand over the past few years, and will continue to do, especially with increased demand from the European countries. Solvent Yellow 124 is the standard dye which is used in numerous fuel applications such as heating oil, agricultural diesel as well as various rebated fuels, especially in Estonia and European Union.
Selected Market Share Analysis done in the full report:
As per IndustryARC analysts, the refineries, as far as their demand growth is concerned, varies according to the applications it caters to, namely diesel, gasoline, and jet fuel. Special-purpose markers are likely to propel key revenues in the future. With developing economies focus on aerospace programs and with the inclination in the consumer spending on automobiles, the dyes and markers market will likely be buoyed.
Despite being a mature industry, dyes and markers continue to gone through metamorphism in order to meet the ever increasing consumer demands, pricing issues, globalization, rising emphasis on sustainable products, challenges of regulations, etc. The recent plummet in oil prices could possibly force dyes and markers to plunge down, if continued. However, suppliers like Innospec Inc. and John Hogg Co. Ltd. have been successful in balancing their bottom lines from specialty marker solutions.
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Excerpts on Market Growth Factors:
The fuel/petroleum dyes and markers market is set to witness increased adoption as fuel leakages and growing environmental concerns will require suppliers to include such markers.
Diesel is the largest application area for fuel/petroleum dyes and markers, and is estimated to reach $526.88 million in terms of revenue, and 8438.72 kilo tons in terms of volume by 2021, growing at a CAGR of 3.93% and 5.48% respectively.
The alkyl dyes market, which contributes major revenues shares to the fuel dyes and markers industry, is estimated to reach $509.87 million till 2021 growing at a CAGR of 2.37%.
Azo Dyes Market is anticipated to reach $386.59 million by 2021 at a CAGR of 3.74%.
The market for red dye is anticipated to hit $393.87 million by 2021 at a CAGR of 4.44%.
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Key players of Fuel Petroleum Dyes and Markers Market:
Innospec Inc. is the pioneer supplier in the fuel/petroleum dyes and markers market, contributing to a fair good share of the overall revenue. Its plethora of services, continual product launches and innovation have been successful in catering to a wide range customers, consequently maintaining their hold over the market.
John Hogg & Co. Ltd. has been successful in addressing to logistics and refinery needs, and their strong foothold in bestowing an array of customized solutions is the primary reason as to why they are amongst the leading suppliers.
Fuel Petroleum Dyes and Markers Market Report is segmented as indicated below:
- Fuel/petroleum dyes and markers Market – By Type
- Fluorescent Dye
- Alkyl Dye
- Azo Dyes
- Other Dye
- Fuel/petroleum dyes and markers Market – By Form
- Fuel/petroleum dyes and markers Market – By color
- Red dye
- Blue dye
- Green dye
- Yellow dye
- Other dyes & markers
- Fuel/petroleum dyes and markers Market – By application
- Diesel fuel
- Jet Fuels
- Fuel Oils
- Oil greases
- Fuel & fuel additives
- Lubricant oils
- Transmission and hydraulic fuels
- Aerobatic smokes
- Candle wax
- Wood stains
- Fuel/petroleum dyes and markers Market- by markers application
- Fraud detection
- Unique identification
- Grade/brand identification
- Fuel/petroleum dyes and markers Market – By end user
6. Power generate
- Fuel Petroleum Dyes and Markers Market By Geography (Covers 12 + Countries)
- Fuel Petroleum Dyes and Markers Market By Entropy
MidContinental Chemical Company, Inc;
United Color Manufacturing, Inc;
Authentix Inc (Carlyle Group L.P.)
The DOW Chemical Company
Steiner SAS (Axyntis Group)
- Fuel Antioxidants Market
- Fuel Additives Market
What can you expect from the report?
The Fuel Petroleum Dyes and Markers Market is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories
Top 10 End user Analysis
Mergers & Acquisition Analysis
Demand Analysis (By Revenue & Volume)
Country level Analysis (15+)
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Current & Future Market Landscape Analysis
Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country, geography or application based reports in Fuel Petroleum Dyes and Markers Market?
Response: Yes, we do have separate reports as mentioned below:
Americas Market for Fuel Petroleum Dyes and Markers (2018-2023)
Europe Market for Fuel Petroleum Dyes and Markers (2018-2023)
APAC Market for Fuel Petroleum Dyes and Markers (2018-2023)
RoW Market for Fuel Petroleum Dyes and Markers (2018-2023)
By Type Fuel Petroleum Dyes and Markers (2018-2023)
By Form Fuel Petroleum Dyes and Markers (2018-2023)
By Application Fuel Petroleum Dyes and Markers (2018-2023)
By End-User Fuel Petroleum Dyes and Markers (2018-2023)
Q. Does IndustryARC customize these reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
- Increase the level of data in application or end user industry.
- Increase the number of countries in geography chapter.
- Find out market shares for other smaller companies or companies which are of interest to you.
- Company profiles can be requested based on your interest.
- Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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