Refinery Process Additives Market Size to Surpass USD 3,860.76 Million with Growing CAGR of 7.00% by 2029

Data Bridge Market Research analyses that the refinery process additives market is expected to undergo a CAGR of 7.00% during the forecast period. This indicates that the market value, which was USD 2,100 million in 2021, would rocket up to USD 3,860.76 million by 2029. "Low Viscosity Crude Oil" dominates the end use segment of the refinery process additives market owing to the fact that it is increasing awareness about refinery process additives.   

In layman's language, refinery process additives are the fuel enhancers which in turn help to improve the performance. A number of additives are used depending upon their functionality. These are effective in separating removing the content of water from the oil.                   

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Some of the major players operating in the refinery process additives market are:
Chevron Corporation (US)
Total (France)
Westlake Chemical Corporation (US)
Mitsubishi Chemical Corporation (Japan)
SABIC (Saudi Arabia)
LG Chem (South Korea)
BASF SE (Germany)
3M (U.S.)
Dow (U.S.)
DuPont (U.S.)
LSB INDUSTRIES (US)
Sika AG (Switzerland)
Innospec (U.S.)
ADEKA CORPORATION (Japan)
Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
PMC Specialties Group (U.S.)
Afton Chemical (U.S.)
The Lubrizol Corporation (U.S.)
Clariant (Switzerland)
LANXESS (Germany)
Mayzo, Inc. (U.S.)
Solvay (Belgium)
Akzo Nobel N.V. (Netherlands)
Arkema (France)
Eastman Chemical Company (U.S.)     

GLOBAL REFINERY PROCESS ADDITIVES MARKET SCOPE
Type
Product Quality Improvement Additives
Environmental Protection Additives
Extend Operating Cycle and Reduce Energy Consumption Additives
Raw Oil Quality and Catalytic Activity Improvement Additives
Product Distribution Improvement Additives

Functionality
Demulsifiers
Desalter
Corrosion inhibitors
Defoamer
Others

Application
Gasoline
Aviation fuel
Residual fuel
Others

Process
Distillation
Cracker
Desulfurization Catalytic Reforming
Others

Crude type
Low Viscosity Crude Oil
Medium Viscosity Crude Oil
Heavy Viscosity Crude Oil

Refinery Process Additives Market Regional Analysis/Insights
The countries covered in the Refinery Process Additives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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