Presentation Profile
The Current State of the Fuel Additives Market and Future Projections of Growth
Currently Scheduled: 10/12/2021 - 1:00 PM - 1:20 PM
Room: Poster Parkway
Main Author
Dr. Raj Shah - Koehler Instrument Company, Inc.
- Yuya Baba - Dept. Of Chemical Engineering, State Univ. of NY, Stony Brook
- Stanley Zhang - Koehler Instrument Company, Inc.
Abstract:
Fuel additives are chemical compounds that enhance the quality and performance of fuels. We can label them into three different categories: performance additives, distribution additives, and fuel quality additives. Performance additives, as the name suggests, improves the performance of the engine. For example, carburetor icing is caused by the decrease in temperature from evaporating gasoline. Anti-icing agents are included to prevent icing from occurring and enhance airflow. Fuel additives can also improve lubricity, combustion efficiency, and reduce unwanted emissions. Distribution additives are more focused on protecting fuels during transportation and distribution. They can be used to improve flow, prevent corrosion, or be as simple as add color to the fuel to differentiate the product. Lastly, fuel quality additives focus on maintaining the quality of the fuel during storage and preventing degradation. Oxidation inhibitors for example, improve the long-term fuel storage stability by preventing the formation of peroxides and gums. The fuel additives market is expected to see a growth in the upcoming years due to the stricter regulation by the SAFE Vehicle Rule, stricter emission limits, ULSD fuel improvements, and the reopening of the country after the pandemic. Although the electric vehicle industry is a direct competitor to the fuel car industry, fuel and oil still dominate the market when it comes to the number of units sold and remains the primary fuel source for energy in the transportation sector.
